Directors dealings: BAE Systems director takes profits

BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits.

On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650.

Between the close of trading on 8 November and that on 10 November the company's stock rocketed from 5,480p to 6,315p, as Donald Trump's surprise presidential victory drove investors into equities and out of bonds in anticipation of a large boost to government spending.

Echoing that view, in a research note published on the day after the election analysts Dvid H Perry and Mallini Chauhan at JP Morgan lifted their target price on BAE stock from 655p to 675p, pointing out to clients how Trump had pledged to increase US defence spending and to stop subsidising allies' defence.

The broker also reiterated its 'overweight' stance on BAE Systems.

"Defence stocks are an attractive safe haven in a world of weak GDP growth and growing political uncertainty," they said.

In the same note, they upped their targets on seven other defence sector names in their coverage universe, Chemring, Cobham, Qinetiq, Ultra Electronics, Leonardo and Thales.

To take note of perhaps, since the US election one of the shares' most recent drivers, the value of Sterling, had reversed course and increased.

Nonetheless, the shares' technical aspect was irrefutable 'bullish'.

Top Director Buys

Oakley Capital Investments Ltd. (di) (OCL)
Director name: Dubens,Peter
Amount purchased: 250,000 @ 150.25p
Value: £375,625.01

3i Group (III)
Director name: Asquith,Jonathan
Amount purchased: 26,000 @ 617.00p
Value: £160,420.00

Computacenter (CCC)
Director name: Lock,Greg
Amount purchased: 6,475 @ 719.00p
Value: £46,555.25

Jpmorgan Mid Cap Inv Trust (JMF)
Director name: Hughes,Michael
Amount purchased: 5,000 @ 886.61p
Value: £44,330.75

Computacenter (CCC)
Director name: Lock,Greg
Amount purchased: 6,025 @ 719.00p
Value: £43,319.75

Computacenter (CCC)
Director name: Lock,Greg
Amount purchased: 4,000 @ 718.50p
Value: £28,740.00

Green Reit (GRN)
Director name: Wernink,Thom
Amount purchased: 20,000 @ € 1.31
Value: € 26,200.00

Burberry Group (BRBY)
Director name: McCall,Carolyn
Amount purchased: 1,368 @ 1,449.47p
Value: £19,828.75

Ocado Group (OCDO)
Director name: Mahon ,Alex
Amount purchased: 6,256 @ 271.70p
Value: £16,997.55

Computacenter (CCC)
Director name: Lock,Greg
Amount purchased: 800 @ 736.00p
Value: £5,888.00

Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 1 @ 39,627.00p
Value: £396.27

Vodafone Group (VOD)
Director name: Read,Nick
Amount purchased: 116 @ 215.90p
Value: £250.44

Vodafone Group (VOD)
Director name: Schellekens,Ronald
Amount purchased: 116 @ 215.90p
Value: £250.44

Qinetiq Group (QQ.)
Director name: Wadey ,Steve
Amount purchased: 83 @ 241.98p
Value: £200.84

Qinetiq Group (QQ.)
Director name: Mellors,David
Amount purchased: 83 @ 241.98p
Value: £200.84

Croda International (CRDA)
Director name: Layden ,Keith
Amount purchased: 5 @ 3,195.00p
Value: £159.75

Croda International (CRDA)
Director name: Brophy ,Tom
Amount purchased: 5 @ 3,195.00p
Value: £159.75

Croda International (CRDA)
Director name: Foots,Steve
Amount purchased: 5 @ 3,195.00p
Value: £159.75

Croda International (CRDA)
Director name: Maiden,Jez K
Amount purchased: 5 @ 3,195.00p
Value: £159.75

Share Plc (SHRE)
Director name: Stone,Richard William
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Birkett,Mike
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Tolkien,Richard
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Ecsery,Francesca Eva
Amount purchased: 545 @ 27.50p
Value: £149.88

Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount purchased: 545 @ 27.50p
Value: £149.88

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 268 @ 55.88p
Value: £149.77

Lloyds Banking Group (LLOY)
Director name: Colombás ,Juan
Amount purchased: 224 @ 55.88p
Value: £125.18

Lloyds Banking Group (LLOY)
Director name: Culmer,George
Amount purchased: 223 @ 55.88p
Value: £124.62

Firstgroup (FGP)
Director name: Barker,Mick
Amount purchased: 106 @ 109.05p
Value: £115.59

Top Director Sells

Lms Capital (LMS)
Director name: Rayne,Robert
Amount sold: 430,704 @ 56.00p
Value: £241,194.24

Bae Systems (BA.)
Director name: Garwood,Alan
Amount sold: 33,000 @ 605.00p
Value: £199,650.01

Digital Globe Services Ltd (di) (DGS)
Director name: Flowers,David
Amount sold: 69,000 @ 57.00p
Value: £39,330.00

Innovaderma (IDP)
Director name: Chaudhry,Haris
Amount sold: 12,500 @ 125.00p
Value: £15,625.00

Innovaderma (IDP)
Director name: Chaudhry,Haris
Amount sold: 12,500 @ 100.00p
Value: £12,500.00