Director dealing: Shire board shell out

Seven board members put their money where their mouths were, having last Thursday posted fourth quarter sales that beat forecasts and issued much stronger guidance for 2016.

Chair Susan Kilsby shelled out almost $254,000 on 1,600 American Depositary Shares (ADS) late on Friday at $158.41 apiece.

With one ADS equal to three ordinary shares, that meant she bought at around $52.8 per share or £36.56.

CEO Flemming Ornskov forked out over $200,000 on 1,300 ADS at $154.12, while non-executives Steven Gillis and Olivier Bohuon spent $48,000 and £35,500, following purchases from fellow independent directors Anne Minto and Bill Burns earlier on Friday, as well as recently appointed general counsel Bill Mordan.

For 2016, Shire is now targeting double digit top-line growth and a 7%-10% increase in earnings before even including the effect of its takeover of Baxalta.

On Monday, even after trimming its price target to take effect of sector-wide compressed multiples and lower profits, broker Jefferies set a target price for Shire's shares of 5,150p and reiterated its 'buy' recommendation.

Top Director Buys

Datatec Ltd. (di) (DTC)
Director name: Seabrooke,Christopher S
Amount purchased: 198,618 @ R40.54
Value: R363,291.80

Canaccord Genuity Group Inc. (CF.)
Director name: Daviau,Daniel
Amount purchased: 98,000 @ $3.67
Value: $253,704.74

Shire Plc (SHP)
Director name: Kilsby,Susan
Amount purchased: 4,800 @ $52.80
Value: $178,607.17

Shire Plc (SHP)
Director name: Ornskov,Flemming
Amount purchased: 3,900 @ $51.37
Value: $141,184.35

Pennon Group (PNN)
Director name: McAulay ,Ian
Amount purchased: 9,703 @ 835.48p
Value: £81,066.63

Paypoint (PAY)
Director name: Carson,Neil A P
Amount purchased: 10,000 @ 737.89p
Value: £73,789.00

First Property Group (FPO)
Director name: Digby,George R W
Amount purchased: 148,456 @ 48.52p
Value: £72,030.85

Fidessa Group (FDSA)
Director name: Hamer,John
Amount purchased: 3,000 @ 1,877.40p
Value: £56,322.00

Enterprise Inns (ETI)
Director name: Walker,Robert M
Amount purchased: 67,000 @ 75.07p
Value: £50,298.28

Shire Plc (SHP)
Director name: Bohuon,Olivier
Amount purchased: 1,000 @ 3,552.12p
Value: £35,521.20

Shire Plc (SHP)
Director name: Gillis,Steven
Amount purchased: 930 @ $51.59
Value: $33,809.22

Canaccord Genuity Group Inc. (CF.)
Director name: Daviau,Daniel
Amount purchased: 12,000 @ $3.67
Value: $31,065.89

Land Securities Group (LAND)
Director name: Bartram,Christopher
Amount purchased: 3,000 @ 995.40p
Value: £29,862.01

Hammerson (HMSO)
Director name: Atkins,David
Amount purchased: 5,000 @ 561.40p
Value: £28,070.00

Hammerson (HMSO)
Director name: Tyler,David A
Amount purchased: 5,000 @ 558.40p
Value: £27,920.00

Paypoint (PAY)
Director name: Barr,Gill
Amount purchased: 2,595 @ 728.00p
Value: £18,891.60

Strat Aero (AERO)
Director name: Dunleavy ,Tony
Amount purchased: 250,000 @ 4.25p
Value: £10,625.00

Pinnacle Technology Group (PINN)
Director name: Duckworth,Simon D'Olier
Amount purchased: 100,000 @ 8.00p
Value: £8,000.00

Fidessa Group (FDSA)
Director name: Hamer,John
Amount purchased: 140 @ 1,862.12p
Value: £2,606.97

Speedy Hire (SDY)
Director name: Down,Russell
Amount purchased: 1,276 @ 34.18p
Value: £436.14

Mortgage Advice Bureau (holdings) (MAB1)
Director name: Tilley,Lucy
Amount purchased: 96 @ 312.00p
Value: £299.52

Go-ahead Group (GOG)
Director name: Brown,David
Amount purchased: 7 @ 2,185.00p
Value: £152.95

Aa (AA.)
Director name: Mackenzie,Bob
Amount purchased: 58 @ 260.00p
Value: £150.80

Aa (AA.)
Director name: Clarke,Martin C
Amount purchased: 58 @ 260.00p
Value: £150.80

Alternative Networks (AN.)
Director name: Griggs,Gavin
Amount purchased: 35 @ 429.00p
Value: £150.15

Alternative Networks (AN.)
Director name: Quartermaine,Mark
Amount purchased: 35 @ 429.00p
Value: £150.15

Balfour Beatty (BBY)
Director name: Quinn,Leo
Amount purchased: 66 @ 224.79p
Value: £148.36

Mitchells & Butlers (MAB)
Director name: Jones,Timothy (Tim) Charles
Amount purchased: 52 @ 263.48p
Value: £137.01

Kcom Group (KCOM)
Director name: Simpson,Paul
Amount purchased: 117 @ 107.50p
Value: £125.78

Go-ahead Group (GOG)
Director name: Edwards,Paul
Amount purchased: 5 @ 2,185.00p
Value: £109.25

Go-ahead Group (GOG)
Director name: Ferguson,Carolyn
Amount purchased: 7 @ n/a
Value: n/a

Top Director Sells

First Property Group (FPO)
Director name: Digby,George R W
Amount purchased: 148,456 @ 48.50p
Value: £72,001.16