LONDON (SHARECAST) - 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 Buys
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 10,000 @ 705.00p
Value: £70,500
Fyffes (FFY)
Director name: Mr James O'Dwyer
Amount purchased: 50,000 @ 41.05p
Value: £20,525
Volex (VLX)
Director name: Mr Michael McTighe
Amount purchased: 10,000 @ 187.00p
Value: £18,700
Volex (VLX)
Director name: Mr Ray Walsh
Amount purchased: 7,500 @ 187.00p
Value: £14,025
VietNam Holding Ltd (VNH)
Director name: Mr Nguyen Quoc Khanh
Amount purchased: 10,000 @ $1.01
Value: $10,125
Top Director Sells
Wood Group (John) (WG.)
Director name: Mr Allister G Langlands
Amount sold: 250,000 @ 841.00p
Value: £2,102,500
Virgin Media Inc. (VMED)
Director name: Mr Eamonn O'Hare
Amount sold: 26,000 @ 1,817.17p
Value: £472,464
Galliford Try (GFRD)
Director name: Mr Frank Nelson
Amount sold: 80,000 @ 686.63p
Value: £549,304
Afren (AFR)
Director name: Mr Ennio Sganzerla
Amount sold: 100,000 @ 142.80p
Value: £142,800
Gooch & Housego (GHH)
Director name: Mr Gareth Jones
Amount sold: 18,726 @ 425.00p
Value: £79,586
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