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Breedon director offloads more shares

Breedon Group non-executive director sheds more shares.
September 15, 2016

Breedon Group (BREE), formerly known as Breedon Aggregates, changed its name after the successful acquisition of Hope Construction Materials in August, a move that nearly doubled the size of the company. Breedon directors have been active this year both increasing and decreasing their shareholdings, and in the latest move, non-executive director David Williams sold 6.7m shares at 71.6p a share.

IC TIP: Buy at 69p

This follows an earlier sale in March when he unloaded 5m shares at 68p a share, and his holding in the company is now down to 10m shares, or less than 1 per cent of the shares in issue. Breedon Group remains well placed to serve any increase in demand for aggregates and other construction materials, with more than 50 quarries dotted across England and Scotland as well as 200 ready-mixed concrete plants, 30 asphalt plants and around a quarter of a billion tonnes of reserves.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
BHP Billiton Anita Frew06 Sep 161,50099614,94015,0000.001
BHP Billiton Anita Frew06 Sep 164,50099844,91013,5000.001
BlackRock World Mining Trust Jane Lewis01 Sep 162,429286.18756,9512,4290.001
British American Tobacco Marion Helmes01 Sep 169004758.142,8239000.000
British American Tobacco Marion Helmes02 Sep 163,6004809.3173,1354,5000.000
Cropper (James)♥ M.A.J Cropper (ch)05 Sep 162,36090521,3581,239,55313.202
Cyan HoldingsJohn Read01 Sep 16898,0550.181,61648,530,6410.337
Cyan HoldingsJohn Cronin (ch)01 Sep 1610,833,7500.1819,501303,912,0372.111
Cyan HoldingsHenry Berry01 Sep 164,120,7870.187,41767,484,8710.469
Cyan HoldingsSimon Smith (cfo)01 Sep 164,885,1850.188,793178,125,8361.237
Cyan HoldingsPaul Ratcliff01 Sep 16989,2590.181,7817,724,0450.054
F&C Commercial Property Trust Trudi Clark07 Sep 1619,410128.324,90356,2000.007
Fulcrum Utility Services Philip Holder (ch)06 Sep 16100,00036.7536,7501,116,6660.698
Hikma Pharmaceuticals♥ Mohammed Al-Husry06 Sep 16155,99121943,422,4435,997,1992.500
Hikma Pharmaceuticals♥ Mazen Darwazah06 Sep 16155,99121943,422,4437,472,7053.115
Hikma Pharmaceuticals♥ Said Darwazah (ch & ceo)06 Sep 16155,99121943,422,44313,542,2175.644
Jarvis Securities Jolyon Head (fd)06 Sep 163,750317.9911,92531,8760.290
Jarvis Securities Nick Crabb06 Sep 162,5003147,85010,0000.091
Jimmy Choo Meribeth Parker01 Sep 1612,000126.515,18021,5000.006
KAZ Minerals Simon Heale (ch)01 Sep 1628,000175.749,196256,6550.057
Low & Bonar Brett Simpson (ceo)05 Sep 16100,0006262,000175,0000.053
McBride Chris Smith (cfo)07 Sep 165,802172.3510,00036,8130.020
Melrose Industries David Lis02 Sep 163,500151.465,301433,9970.023
Melrose Industries David Lis02 Sep 1623,000151.666134,883123,0000.007
Melrose Industries David Lis02 Sep 16100,000151.7835151,784100,0000.005
Northern Bear Tom Hayes (fd)02 Sep 1620,000459,00070,0000.396
PZ Cussons Caroline Silver01 Sep 1610,000333.1533,31510,0000.002
Paragon Entertainment John Dobson05 Sep 161,658,6632.5442,13010,858,4365.786
Quarto Group (The)♥ Michael Connole (cfo)05 Sep 165,383279.8515,06415,3830.078
RedstoneConnect Mark Braund (ceo)06 Sep 16275,0001.84595,07614,485,3160.887
Rolls-Royce Holdings Ian Davis (ch)07 Sep 162617571,97641,2310.002
Rolls-Royce Holdings Ruth Cairnie07 Sep 162567571,93810,2400.001
Rolls-Royce Holdings Frank Chapman07 Sep 162537571,91520,1840.001
Solid State Matthew Richards07 Sep 162,4004059,7202,4000.028
Standard Life Equity Income Trust♥ Richard Burns (ch)02 Sep 168,000409.36832,749161,0000.356
Standard Life Equity Income Trust Richard Burns (ch)02 Sep 1625,000409.75102,438213,0000.470
Vipera Jeremy Nicholds05 Sep 16400,0004.8619,450400,0000.155
Zegona Communications Eamonn O'Hare (ch & ceo)07 Sep 16100,000105105,0002,060,0001.051

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Breedon  David Williams02 Sep 166,710,63671.574,802,80210,000,0000.709
Burberry  Carol Fairweather (cfo)07 Sep 1633,9811312.61446,03833,9820.008
Conviviality♥ Diana Hunter (ceo)06 Sep 1633,33322273,999793,4760.464
Cropper (James)♥ Martin Thompson07 Sep 161,10097610,73638,0060.405
Cropper (James) Martin Thompson07 Sep 161,10098210,80239,1060.417
Fisher (James) & Sons♥ Charles Rice (ch)07 Sep 161,900160730,53322,4100.045
ITVAdam Crozier (ceo)12 Sep 16500,0002001,000,0001,882,7020.047
Jimmy Choo Pierre Denis (ceo)07 Sep 16320,000125.625402,0002,684,4890.711
UNITE♥  Joe Lister (cfo)07 Sep 1650,000635317,500410,9360.185
UNITE  Joe Lister (cfo)07 Sep 1650,000635317,500460,9360.208
*Placing/tender/open offer ♥Spouse/connected party