Directors dealings: Howden Joinery boss picks up shares

The chief of Howden Joinery, Mark Robson, and his wife bought into the company´s battered shares on 13 December, the company said in a statement.

Stock in the UK´s largest manufacturer and supplier of fitted kitchens and appliances was still trading close to its post-Brexit lows, with the 52-week low coming in at 341.1p.

On 5 December, analysts at Jefferies weighed in, telling clients: "There’s no getting away from the fact that the outlook for the sector is challenged. Housing transactions in the existing homes market are likely to remain subdued, and consumer wallets will be squeezed as inflation bites.

"However, this has been reflected in valuations, and we would not be outright sellers of the sector. We downgrade GFTU to Hold, and prefer exposure to the Products sector, where we upgrade PLP to Buy."

Previously, on 3 November, in a trading update covering the period from the end of the first half of the year - on 11 June 2016 - to date, the firm reported a solid performance in the second half of the year to date, including during the important October trading period, and was on track to meet expectations for the full year.

It did caution, however, that the two remaining trading periods together typically accounted for over 10% of annual revenues.

Following the transaction, the Robsons's total holding of shares in the Company stood at 2,217,469 ordinary shares or 0.35% of the issued share capital, exclusive of treasury shares, the company said.

Top Director Buys

Hutchison China Meditech Ltd (HCM)
Director name: To,Simon
Amount purchased: 15,000 @ $28.24
Value: $343,107.35

Riverstone Energy Limited (RSE)
Director name: Lapeyre Jr.,Pierre F
Amount purchased: 16,000 @ 1,295.05p
Value: £207,207.99

Riverstone Energy Limited (RSE)
Director name: Ryan,Ken
Amount purchased: 16,000 @ 1,295.05p
Value: £207,207.99

Riverstone Energy Limited (RSE)
Director name: Ryan,Ken
Amount purchased: 15,000 @ 1,303.37p
Value: £195,505.50

Riverstone Energy Limited (RSE)
Director name: Lapeyre Jr.,Pierre F
Amount purchased: 15,000 @ 1,303.37p
Value: £195,505.50

Hutchison China Meditech Ltd (HCM)
Director name: To,Simon
Amount purchased: 6,081 @ $28.86
Value: $142,149.53

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 189,000 @ 63.09p
Value: £119,249.55

Hutchison China Meditech Ltd (HCM)
Director name: To,Simon
Amount purchased: 5,000 @ $28.10
Value: $113,802.13

Howden Joinery Group (HWDN)
Director name: Robson,Mark
Amount purchased: 19,352 @ 372.42p
Value: £72,070.72

Lloyds Banking Group (LLOY)
Director name: Culmer,George
Amount purchased: 105,840 @ 63.09p
Value: £66,779.75

Lloyds Banking Group (LLOY)
Director name: Colombás ,Juan
Amount purchased: 104,370 @ 63.09p
Value: £65,852.25

S&u (SUS)
Director name: Redford,Christopher
Amount purchased: 1,405 @ 2,150.00p
Value: £30,207.50

Tricorn Group (TCN)
Director name: Moss,Andrew
Amount purchased: 100,000 @ 14.00p
Value: £14,000.00

Total Produce (TOT)
Director name: Gernon,John Frank
Amount purchased: 6,670 @ € 1.90
Value: € 10,964.07

Total Produce (TOT)
Director name: McCann,Carl
Amount purchased: 6,670 @ € 1.90
Value: € 10,964.07

Total Produce (TOT)
Director name: Davis,Frank
Amount purchased: 6,670 @ € 1.90
Value: € 10,964.07

Total Produce (TOT)
Director name: Byrne,Rory
Amount purchased: 6,302 @ € 1.90
Value: € 10,359.15

Schroder Japan Growth Fund (SJG)
Director name: Gibbs,Alan
Amount purchased: 5,000 @ 184.00p
Value: £9,200.00

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 2,994 @ 63.09p
Value: £1,889.06

Sthree (STHR)
Director name: Elden,Gary
Amount purchased: 64 @ 291.00p
Value: £186.24

United Utilities Group (UU.)
Director name: Mogford,Steven L
Amount purchased: 20 @ 892.80p
Value: £178.56

United Utilities Group (UU.)
Director name: Houlden,Russ
Amount purchased: 19 @ 892.80p
Value: £169.63

Charles Stanley Group (CAY)
Director name: Teper,Gary
Amount purchased: 54 @ 277.35p
Value: £149.77

Charles Stanley Group (CAY)
Director name: Coutts,Ben Money
Amount purchased: 54 @ 277.35p
Value: £149.77

Charles Stanley Group (CAY)
Director name: Abberley,Paul
Amount purchased: 54 @ 277.35p
Value: £149.77

Aviva (AV.)
Director name: Amin,Nitinbhai
Amount purchased: 31 @ 479.87p
Value: £148.76

Aviva (AV.)
Director name: Briggs,Andrew
Amount purchased: 30 @ 479.87p
Value: £143.96

Imi (IMI)
Director name: Selway,Mark W
Amount purchased: 12 @ 1,010.00p
Value: £121.20

Imi (IMI)
Director name: Twite,Roy
Amount purchased: 12 @ 1,010.00p
Value: £121.20

Imi (IMI)
Director name: Shook ,Daniel
Amount purchased: 12 @ 1,010.00p
Value: £121.20

Top Director Sells

Redrow (RDW)
Director name: Tutte,John F
Amount sold: 90,728 @ 416.00p
Value: £377,428.47

Redrow (RDW)
Director name: Richmond,Barbara
Amount sold: 59,510 @ 416.00p
Value: £247,561.59