Strategic Equity Capital new director buys first shares

A new non-executive director in Strategic Equity Capital bought his first shares showing confidence in the investment trust group.

Richard Locke, who joined the board last week, bought 20,000 shares for 196p each, spending a total of £39,200.

The group released its full-year results on Thursday, where it said that despite challenging markets, its net asset value rose 9.66% to 190p.

Richard Hills said at the time: "The challenging markets have enabled the Investment Manager to build a good pipeline of potential new investments.

"Despite the many uncertainties going into 2015, the board believes that the investment manager's selective investment approach will continue to serve the company well."

Top Director Buys

Strategic Equity Capital (SEC)
Director name: Mr Richard Locke
Amount purchased: 20,000 @ 196.00p
Value: £39,200

Volex (VLX)
Director name: Mr Daren Morris
Amount purchased: 29,091 @ 65.20p
Value: £18,967

Ashley House (ASH)
Director name: Mr Antony Walters
Amount purchased: 300,000 @ 3.95p
Value: £11,850

Top Director Sells

There were no sells today.