Director dealings: Howden Joinery directors nail colours to mast

Howden Joinery chairman Richard Pennycook forked out £0.25m on shares in the FTSE 250 kitchens and joinery products supplier, as a solid trading update late last month left the shares largely unmoved.

Pennycook, who bought 51,663 shares at price of 483.9p apiece to substantially increase his holding to 54,663 shares, was joined by fellow non-executive Andrew Cripps.

Cripps, who is chairman of the audit committee, spent slightly over £14,500 buying 3,000 shares at price of 483.7p in his first purchase of shares in the company.

This director dealing followed the report on 28 April from the retailer that it had enjoyed an 8.7% jump in revenue in the 16 weeks to 16 April. Sales were 6.4% higher on a same depot basis.

“Along with the evidence we have of trading prospects, this would indicate that market conditions are stable, albeit we remain watchful,” Howden said at the time, adding that it has seen good progress in the year so far on the implementation of a price increase and was on course with its plans to open 30 new depots in the UK this year.

Top Director Buys

Howden Joinery Group (HWDN)
Director name: Pennycook,Richard
Amount purchased: 51,663 @ 483.90p
Value: £249,997.27

Tt Electronics (TTG)
Director name: Carson,Neil A P
Amount purchased: 50,000 @ 134.36p
Value: £67,180.00

Dunedin Enterprise Investment Trust (DNE)
Director name: Lane,Angela
Amount purchased: 15,000 @ 320.20p
Value: £48,030.00

Dunedin Enterprise Investment Trust (DNE)
Director name: Budge,Duncan W A
Amount purchased: 10,000 @ 327.70p
Value: £32,770.00

Howden Joinery Group (HWDN)
Director name: Cripps,Andrew
Amount purchased: 3,000 @ 483.70p
Value: £14,511.00

Tp Group (TPG)
Director name: Stroud,Derren
Amount purchased: 300,000 @ 3.46p
Value: £10,380.00

Albion Enterprise Vct (AAEV)
Director name: St John of Bletso,Lord Anthony
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Value: £9,999.30

Bt Group (BT.A)
Director name: Rake,Sir Michael
Amount purchased: 416 @ 433.10p
Value: £1,801.70

Bt Group (BT.A)
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Value: £1,801.70

Bt Group (BT.A)
Director name: Patterson,Gavin
Amount purchased: 416 @ 433.10p
Value: £1,801.70

U And I Group (UAI)
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Amount purchased: 25,975 @ 1.89p
Value: £489.63

Provident Financial (PFG)
Director name: Fisher,Andrew C
Amount purchased: 6 @ 2,792.00p
Value: £167.52

Kingfisher (KGF)
Director name: Witts,Karen
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Value: £149.98

Sig (SHI)
Director name: Robertson,Douglas
Amount purchased: 120 @ 124.31p
Value: £149.17

Sig (SHI)
Director name: Mitchell,Stuart
Amount purchased: 120 @ 124.31p
Value: £149.17

Ubm (UBM)
Director name: Cobbold,Tim
Amount purchased: 26 @ 566.00p
Value: £147.16

Provident Financial (PFG)
Director name: Mullen,Ken
Amount purchased: 5 @ 2,792.00p
Value: £139.60

Provident Financial (PFG)
Director name: Crook,Peter
Amount purchased: 5 @ 2,792.00p
Value: £139.60

Bae Systems (BA.)
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Amount purchased: 26 @ 486.31p
Value: £126.44

Jpmorgan Asian Inv Trust (JAI)
Director name: Gould,Ronald
Amount purchased: 59 @ 208.84p
Value: £123.22

Topps Tiles (TPT)
Director name: Williams,Matthew
Amount purchased: 110 @ 1.36p
Value: £1.50

Topps Tiles (TPT)
Director name: Williams,Matthew
Amount purchased: 108 @ 1.39p
Value: £1.50

Topps Tiles (TPT)
Director name: Parker,Robert
Amount purchased: 36 @ 1.39p
Value: £0.50

Topps Tiles (TPT)
Director name: Parker,Robert
Amount purchased: 36 @ 1.36p
Value: £0.49