Ladbrokes chairman shows faith after shares fall
Peter Erskine, the chairman of gaming company Ladbrokes, on Friday lifted his holding in the bookmaker one day after it pulled out of its operations in Canada following tighter regulations on UK licensing of international activities.
Ladbrokes Coral Group
173.50p
16:04 28/03/18
The news prompted shares in the bookmaker to decline more than 6% on Thursday, with shares ending the week at just below 117p.
Erskine, who took up his role in 2009, spent 119.71p on each of the 40,000 shares he acquired, costing a total of £47,884.
The bookmaker on Thursday said a string of more favourable sport results had kept it on track to hit full-year targets, although this will depend on it seeing "usual" conditions in the rest of the year.
UK retail net revenue rose 6% in the third quarter as better football results lifted UK over-the-counter margins by 17% against 14.9% a year ago.
It confirmed the full year dividend would be "not less" than 8.9p per share.
Top Director Buys
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 4,511 @ 1,301.00p
Value: £58,688
Ladbrokes (LAD)
Director name: Mr Peter Erskine
Amount purchased: 40,000 @ 119.71p
Value: £47,884
Tangiers Petroleum Ltd (DI) (TPET)
Director name: Mr Michael Evans
Amount purchased: 4,166,667 @ 0.37p
Value: £15,417
Tangiers Petroleum Ltd (DI) (TPET)
Director name: Mr George Henry Stephen Staley
Amount purchased: 4,166,667 @ 0.37p
Value: £15,417
Tangiers Petroleum Ltd (DI) (TPET)
Director name: Mr David Wall
Amount purchased: 4,166,667 @ 0.37p
Value: £15,417
Development Securities (DSC)
Director name: Mr Marcus Shepherd
Amount purchased: 10,000 @ 197.00p
Value: £19,700
Henry Boot (BHY)
Director name: Mr Jonathan James Sykes
Amount purchased: 10,000 @ 187.71p
Value: £18,771
Aberforth Smaller Companies Trust (ASL)
Director name: Mr S Paul Trickett
Amount purchased: 1,450 @ 1,035.86p
Value: £15,020
Home Retail Group (HOME)
Director name: Mr John Coombe
Amount purchased: 7,769 @ 176.10p
Value: £13,681
Top Director Sells
GKN (GKN)
Director name: Mr Andrew Reynolds Smith
Amount sold: 179,759 @ 309.40p
Value: £556,174