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Redrow director takes a profit

But finance director Barbara Richmond still holds a sizeable chunk.
May 18, 2017

Shares are changing hands at housebuilder Redrow (RDW). Finance director Barbara Richmond sold 60,000 shares, as did her husband Alexander Richmond after he had transferred 110,000 shares to his wife at no cost.

Shareholders should note, however, that Barbara Richmond still holds over 430,000 shares in what remains a highly profitable builder. In a recent trading update, Redrow confirmed that average selling prices have risen by more than expected, while the forward order book now stands at a record level. On current projections, this means that pre-tax profits for the year ending 30 June 2017 will be at least £306m, up more than a fifth from the previous year.

 

Buys

CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint  Paul Moody (ch)10 May 175,0001,82891,4005,0000.018
Advanced Oncotherapy Chris Nutting08 May 17202,50024.6749,957217,3160.287
Arix Bioscience Joe Anderson (ceo)08 May 1721,532202.3943,579299,3100.311
Arix Bioscience Jon Peacock (ch)08 May 1711,484202.3923,242567,0400.590
Arix Bioscience James Rawlingson (cfo)08 May 1711,484202.3923,24211,4840.012
Better Capital  Jonathan Moulton08 May 171,100,000107.51,182,50025,723,80912.440
Countrywide Natalie Ceeney05 May 171,751159.862,79923,0670.011
Countrywide Natalie Ceeney05 May 1721,316160.9134,30021,3160.010
Directa Plus♥ Giulio Cesareo (ceo)09 May 1729,4116819,9993,160,8917.149
Directa Plus Marco Ferrari (cfo)04 May 174,500673,01511,1660.025
Directa Plus Richard Hickinbotham04 May 1729,0006719,43029,0000.066
Downing Strategic Micro-Cap Investment Trust♥ Hugh Aldous09 May 1719,79110019,791120,0910.216
Downing Strategic Micro-Cap Investment Trust Diana Hunter09 May 174,7261024,82129,7260.053
Downing Strategic Micro-Cap Investment Trust Diana Hunter09 May 1718,94110219,32048,6670.088
Frontier Developments Charles Cotton08 May 174,00033513,40099,3390.291
Henderson Diversified Income Trust Ian Wright09 May 1730,00092.4427,73230,0000.016
Hydrogen  Stephen Puckett (ch)10 May 17100,00036.7536,750550,0002.297
International Public Partnerships Giles Frost08 May 17300,000150450,000813,2740.060
International Public Partnerships John Le Poidevin08 May 1732,00015048,00032,0000.002
International Public Partnerships John Whittle08 May 176,6661509,99958,8640.004
International Public Partnerships Rupert Dorey (ch)08 May 17129,000150193,500922,6870.068
International Public Partnerships Claire Whittet08 May 176,5321509,79865,4550.005
International Public Partnerships Claire Whittet08 May 176,6661509,99958,9230.004
Invesco Asia Trust Fleur Meijs08 May 175,64826414,9115,6480.007
JPMorgan American Investment Trust Nadia Manzoor10 May 172,631377.4449,9312,6310.001
Monchhichi Jean-Pascal Tranié (ceo)04 May 17700,00037259,0001,410,0003.212
Octagonal Martin Davison08 May 17700,0002.5517,85021,765,0003.885
Octagonal Martin Davison09 May 17300,0002.557,65022,065,0003.939
Ortac Resources* Anthony Balme (ch)08 May 171,000,000330,0009,588,9026.444
Ortac Resources* Nick von Schirnding08 May 17333,333310,000593,3330.399
Ortac Resources* Vassilios Carellas (ceo)08 May 17166,66735,000936,6670.629
Pearson Coram Williams (cfo)05 May 175,00075537,75015,0100.002
Pearson John Fallon (ceo)05 May 1723,728754.4179,004326,7840.040
Produce Investments Neil Davidson  (ch)04 May 1737,50019372,37582,5000.306
Produce Investments Neil Davidson  (ch)05 May 1726,00020052,000108,5000.403
Regency Mines* Andrew Bell (ch)08 May 172,222,2220.920,0002,222,2220.398
Rentokil Initial Chris Geoghegan04 May 1719,830249.140949,40519,8300.001
Ricardo William Spencer09 May 178,00091573,2008,0000.015
Shearwater* Giles Willits09 May 17625,000425,0006,250,0000.651
Shearwater* Christopher Eadie09 May 17625,000425,0005,750,0010.598
Shearwater* David Williams (ch)09 May 1712,500,0004500,000113,583,99411.823
Shearwater* Michael Stevens (ceo)09 May 17625,000425,00011,250,0001.171
Shearwater* Robin Southwell 09 May 17625,000425,00011,250,0001.171
Shearwater* Stephen Ball09 May 17625,000425,00011,250,0001.171
VPC Specialty Lending Investments♥ Richard Levy09 May 1773,81781.2559,9761,507,7030.399
William Hill Mark Brooker10 May 1711,500301.1634,63311,5000.001

Sells

CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint  Andrew Scull10 May 1715,0001,828274,20070,0000.249
4imprint♥  Andrew Scull10 May 1715,0001,828274,20085,0000.303
Capita Andy Parker (ceo)05 May 1755,686570.09317,46061,5960.009
Gamma Communications Andrew Stone05 May 1770,000575402,500780,5000.848
HSBC  Douglas Flint (ch)05 May 17150,000661991,500252,3620.001
Redrow Barbara Richmond (fd)09 May 1760,000582349,200431,4460.117
Redrow♥ Barbara Richmond (fd)09 May 1760,000582.1349,260431,4460.117
Waterman  Nick Taylor (ceo)09 May 1742,43814059,4134,8080.016
Waterman  Nick Taylor (ceo)09 May 17123,640140173,09690,0390.293

*Placing/tender/open offer ♥Spouse/connected party