Directors dealings: Brewin Dolphin's finance chief picks up shares

Brewin Dolphin's finance chief picked up some shares in the broker at the end of the week.

Andrew Westenberger bought 25,000 shares at 263.5 apiece for a total consideration of £65,875.00 on 30 September, the company said in a statement.

Westenberger joined the company's Board in January 2013.

In its latest interim management statement the company reported that during the third quarter of its fiscal year the company’s total funds increased by 2.1% to £33.5bn, while total core funds improved by 3.1% to £30.4bn.

On that same day Shore Capital analyst Paul McGinnis said: “While growth is currently a struggle, we think the current Brewin management team has done much of the heavy lifting in turning the business around from the weak situation they inherited just over three years ago.

“The company is currently trading on an enterprise value of just 1.6% of £33.5bn of total assets under management, of which £26.8bn is discretionary. Recent market transactions have taken place at substantial premiums to this level, and we think the company looks vulnerable at its current price... As such we maintain our buy recommendation”.

Top Director Buys

Brewin Dolphin Holdings (BRW)
Director name: Westenberger,Andrew
Amount purchased: 25,000 @ 263.50p
Value: £65,875.00

Inspired Energy (INSE)
Director name: Dickinson,Mark
Amount purchased: 344,827 @ 14.50p
Value: £49,999.91

Vectura Group (VEC)
Director name: Derodra,Andrew
Amount purchased: 30,000 @ 137.55p
Value: £41,265.00

Prudential (PRU)
Director name: Turner,Lord J Adair
Amount purchased: 2,000 @ 1,397.50p
Value: £27,950.00

Jpmorgan Asian Inv Trust (JAI)
Director name: Moon,Peter
Amount purchased: 10,000 @ 279.50p
Value: £27,950.00

Loopup Group (LOOP)
Director name: Judge,Barbara
Amount purchased: 15,754 @ 126.00p
Value: £19,850.04

Capita (CPI)
Director name: Greatorex,Nick
Amount purchased: 1,461 @ 678.90p
Value: £9,918.70

3i Group (III)
Director name: Wilson,Julia
Amount purchased: 24 @ 642.50p
Value: £154.20

3i Group (III)
Director name: Dunn,Kevin
Amount purchased: 23 @ 642.50p
Value: £147.78

Maintel Holdings (MAI)
Director name: Stevens,Kevin
Amount purchased: 15 @ 980.00p
Value: £147.00

Top Director Sells

Pennant International Group (PEN)
Director name: Powell,C C
Amount sold: 1,085,042 @ 63.00p
Value: £683,576.45

Homeserve (HSV)
Director name: Ford,Johnathan
Amount sold: 60,000 @ 569.60p
Value: £341,760.01