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Weir Director boosts stake with 3,500 shares

Date: Tuesday 19 Jun 2012

Weir Director boosts stake with 3,500 shares

John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop.

The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year guidance, saying business is on track.

It now expects full year revenues from its SPM and Mesa businesses to be slightly lower than 2011 and below prior guidance.

However, Weir added that order input in its minerals division was up 18% compared to the previous year and ahead of its expectations.

The firm's owners have seen shares lose a third of their value since February, dropping from around £22 four months ago to £15 now.

The news that business was on track pushed them back up 5% on Tuesday morning to 1,515p.


Top Director Buys

Ruspetro (RPO)
Director name: Mr James Ronald Gordon McBurney
Amount purchased: 40,000 @ 128.50p
Value: £51,400

Quintain Estates & Development (QED)
Director name: Mr Nigel Kempner
Amount purchased: 64,000 @ 38.45p
Value: £24,608

North American Income Trust (The) (NAIT)
Director name: Mr Guy Crawford
Amount purchased: 3,000 @ 654.88p
Value: £19,646

Surface Transforms (SCE)
Director name: Mr Kevin D'Silva
Amount purchased: 134,884 @ 10.75p
Value: £14,500

Surface Transforms (SCE)
Director name: Mr Richard Douglas Gledhill
Amount purchased: 120,930 @ 10.75p
Value: £13,000

Hilton Food Group (HFG)
Director name: Sir David F Naish
Amount purchased: 5,000 @ 242.93p
Value: £12,146


Top Director Sells

Aberdeen Asset Management (ADN)
Director name: Mr Martin J Gilbert
Amount sold: 1,000,000 @ 248.00p
Value: £2,480,000

First Quantum Minerals Ltd. (FQM)
Director name: Mr Martin R Rowley
Amount sold: 50,000 @ 1,169.18p
Value: £584,590

First Quantum Minerals Ltd. (FQM)
Director name: Mr Martin R Rowley
Amount sold: 35,000 @ 1,228.98p
Value: £430,143

Aberdeen Asset Management (ADN)
Director name: Ms Anne Richards
Amount sold: 200,000 @ 245.40p
Value: £490,800

Central Asia Metals (CAML)
Director name: Mr Dr Michael Price
Amount sold: 245,000 @ 78.76p
Value: £192,962

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 5,000 @ 481.00p
Value: £24,050

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 5,000 @ 480.25p
Value: £24,012

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