Director dealings: Diageo chairman buys on the dip, Globalworth boss cashes in
Diageo chairman Javier Ferrán has bought £0.76m of shares in the Smirnoff and Johnny Walker maker after its interim results nocked the shares lower the.
Equity Investment Instruments
11,473.91
17:09 19/04/24
Globalworth Real Estate Investments Limited
€2.49
09:04 19/04/24
Ferrán, who was revealed on Friday to have bought 30,000 shares at a price of 2,541p apiece, made the move after the FTSE 100 giant's share had fallen 7% from their peak in December.
Diageo's half-year results the previous showed stronger first half sales and profits but held back somewhat by a decline in Asia Pacific and soft growth in North America.
Reported net sales of £6.5bn in the six months ended 31 December were 1.7% higher than the same period the year before and in line with the analyst consensus, while profit before tax was up 6.2% to £2.2bn.
Analysts at Berenberg on Friday said the results were overall in-line with expectations and on full year earnings forecasts, the shares traded on a P/E of 21.0 times. "While we do not believe this valuation level is overstretched, our price target [2,550p] suggests limited upside from here."
The chief executive officer of Globalworth Real Estate Investments sold 1m shares in the group on Friday at a price of €9.445 per share.
Ionnis Papalekas, who set up Globalworth in 2013, collected a total of €9.45m as a result of the sale.
Earlier in January, Globalworth's directors approved an interim dividend payment of €0.22 per share for the six months leading to 31 December after the group increased its gross leasable area by 22.1% to 452 square kilometres.
As of 1530 GMT, shares had fallen back 1.58% to €9.35 each.
Top Director Buys
Diageo (DGE)
Director name: Ferrán,Javier
Amount purchased: 30,000 @ 2,541.00p
Value: £762,300.00
Edinburgh Inv Trust (EDIN)
Director name: Suarez ,Glen
Amount purchased: 30,000 @ 700.00p
Value: £210,000.00
Volex (VLX)
Director name: Chamberlain,Adrian
Amount purchased: 24,986 @ 80.00p
Value: £19,988.80
Renishaw (RSW)
Director name: Lee,William
Amount purchased: 400 @ 4,752.00p
Value: £19,008.00
Sky (SKY)
Director name: Gilbert,Martin J
Amount purchased: 111 @ 1,042.50p
Value: £1,157.18
Sky (SKY)
Director name: Pigasse,Matthieu
Amount purchased: 107 @ 1,042.50p
Value: £1,115.48
Sky (SKY)
Director name: Sukawaty,Andrew (Andy)
Amount purchased: 101 @ 1,042.50p
Value: £1,052.93
Witan Inv Trust (WTAN)
Director name: Rogoff,Ben
Amount purchased: 74 @ 1,091.94p
Value: £808.04
Sky (SKY)
Director name: Clarke,Tracy Jayne
Amount purchased: 69 @ 1,042.50p
Value: £719.33
Top Director Sells
Globalworth Real Estate Investments Limited (GWI)
Director name: Papalekas,Ioannis
Amount sold: 1,000,000 @ € 9.44
Value: € 9,444,999.69
Hastings Group Holdings (HSTG)
Director name: Hoffman,Gary
Amount sold: 403,671 @ 303.47p
Value: £1,225,036.52
Hastings Group Holdings (HSTG)
Director name: Hoskins,Richard
Amount sold: 173,002 @ 303.47p
Value: £525,016.08