Treatt finance director treats himself
The finance director of flavour and fragrance ingredients firm Treatt on Thursday increased his stake in the company as the shares dipped towards a 12-month low despite recent encouraging results out from the firm.
African Eagle Resources
0.30p
14:39 11/02/15
Chemicals
9,390.47
17:10 19/04/24
FTSE AIM All-Share
745.67
17:08 19/04/24
Mining
10,765.51
17:10 19/04/24
Treatt
468.50p
16:45 19/04/24
Richard Hope purchased 10,089 shares at an individual price of 137.9p, spending a total of £13,913 in the transaction.
December's final results showed the group increased its revenues by 6.9% to £79.2m during the year to September, while profit before tax rose 10.9% to £6.9m.
Chairman Tim Jones said at the time of the report: "The group's strategic progress is encouraging, with its increased focus on value-added and innovative ingredient solutions, particularly in the beverage sector."
Broker Investec was also impressed, noting that cash-flow was solid and even though the group took the opportunity to build inventory in some areas, its higher profits now "ensure the group should generate cash on an underlying basis".
Top Director Buys
KBC Advanced Technologies (KBC)
Director name: Mr Ian Godden
Amount purchased: 50,000 @ 90.00p
Value: £45,000
Treatt (TET)
Director name: Mr Richard Andrew Hope
Amount purchased: 10,089 @ 137.90p
Value: £13,913
Top Director Sells
There were no sells today