Director dealings: FeverTree director ups stake
Kevin Havelock, a non-executive director of carbonated drinks maker FeverTree, purchased 9,000 ordinary shares in the AIM-listed firm on Friday.
Havelock, who is also Unilever's global president of refreshment, responsible for its €10bn beverages and ice cream business, purchased the shares at an average price of 2,806.57p each for a total of £252,591.
In an update ahead of its annual general meeting on Thursday, FeverTree said it was "trading in-line with market expectations", marking the first time since the group joined AIM that it did not outlook for the year.
Analysts are forecasting earnings per share of roughly 43.5p this year, giving the stock a 2018 price-to-earnings ratio of more than 60.
As of 1530 BST, FeverTree shares had picked up 1.60% to 2,801p.
Top Director Buys
3i Group (III)
Director name: Mr Simon Borrows
Amount purchased: 250,000 @ 970.08p
Value: £2,425,200
Fevertree Drinks (FEVR)
Director name: Mr Kevin Havelock
Amount purchased: 9,000 @ 2,806.57p
Value: £252,591
British Land Company (BLND)
Director name: Mr Preben Prebensen
Amount purchased: 20,000 @ 698.81p
Value: £139,762
Treatt (TET)
Director name: Mr Daemmon Reeve
Amount purchased: 78,195 @ 79.00p
Value: £61,774
Speedy Hire (SDY)
Director name: Mr David J B Shearer
Amount purchased: 100,000 @ 59.45p
Value: £59,450
Tyman (TYMN)
Director name: Mr Mark Rollins
Amount purchased: 15,000 @ 330.50p
Value: £49,575
Spirent Communications (SPT)
Director name: Mr Edgar Masri
Amount purchased: 20,000 @ 117.57p
Value: £23,514
Brewin Dolphin Holdings (BRW)
Director name: Ms Caroline Taylor
Amount purchased: 5,000 @ 385.00p
Value: £19,250
Arc Minerals Limited NPV (DI) (ARCM)
Director name: Mr Nick von Schirnding
Amount purchased: 471,075 @ 2.73p
Value: £12,860
Top Director Sells
Treatt (TET)
Director name: Mr Daemmon Reeve
Amount sold: 105,868 @ 486.00p
Value: £514,518
Treatt (TET)
Director name: Mr Richard Andrew Hope
Amount sold: 60,348 @ 486.00p
Value: £293,291