Galliford Try Finance Director sells as firm doubles divi

19th Sep 2012 16:40

Frank Nelson, the Finance Director of Galliford Try, the house-building and construction firm, has sold 80,000 shares on the same day the company reported soaring profits in the year ended June 30th. Nelson, who was appointed to the board in 2000, traded in the shares at 686.63p each for a total of £549,304. He made the sale despite the company announcing it would nearly double the dividend from 26p to 30p per share. Profit before tax surged 80% to £63.1m from £35.1m the previous year, while earnings per share jumped 89% to 60.9p from 32.2p last year. The divi rose in line with earnings, from 16p to 30p. The current order book is more or less stable at £1.65bn, versus £1.7bn at the end of June 2011. Top Director BuysCLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 10,000 @ 705.00p Value: £70,500Fyffes (FFY) Director name: Mr James O'DwyerAmount purchased: 50,000 @ 41.05p Value: £20,525Volex (VLX) Director name: Mr Michael McTigheAmount purchased: 10,000 @ 187.00p Value: £18,700Volex (VLX) Director name: Mr Ray WalshAmount purchased: 7,500 @ 187.00p Value: £14,025VietNam Holding Ltd (VNH) Director name: Mr Nguyen Quoc KhanhAmount purchased: 10,000 @ $1.01 Value: $10,125Top Director SellsWood Group (John) (WG.) Director name: Mr Allister G LanglandsAmount sold: 250,000 @ 841.00p Value: £2,102,500Virgin Media Inc. (VMED) Director name: Mr Eamonn O'HareAmount sold: 26,000 @ 1,817.17p Value: £472,464Galliford Try (GFRD) Director name: Mr Frank NelsonAmount sold: 80,000 @ 686.63p Value: £549,304Afren (AFR) Director name: Mr Ennio SganzerlaAmount sold: 100,000 @ 142.80p Value: £142,800Gooch & Housego (GHH) Director name: Mr Gareth JonesAmount sold: 18,726 @ 425.00p Value: £79,586