Director dealings: Polypipe chairman splashes out as shares drip lower

Marsh, long-time director of packaging group RPC who joined the Polypipe board in 2014, bought 75,000 shares at a price of 278.85p.

Shares in the FTSE 250 group have leaked lower after gushing above 300p at the start of September on the back of mid-August results that highlighted a strong performance in the UK despite uncertainty over the impact from the EU referendum.

While there is uncertainty over the UK's economic and construction sector outlook, the UK government continues to talk up the requirements to significantly increase levels of housebuilding.

Within the results, the company noted that residential demand in the first half was driven by the larger national housebuilders and improvements in the market for private repairs, maintenance and improvement, while in the infrastructure segment, demand has been driven by the Highways Agency’s road investment strategy and an ongoing focus on water management and flood prevention.

Analysts at Berenberg said at the time: "We believe the keys to the ongoing strength in Polypipe’s UK business are the
structural drivers in the business – namely the substitution of metal and ceramics for plastic in piping and drivers like sustainable drainage and carbon efficiency regulation. As a result, we remain confident the UK business can continue to outperform the broader UK construction market."

Top Director Buys

Polypipe Group (PLP)
Director name: Marsh,Ron
Amount purchased: 75,000 @ 278.85p
Value: £209,137.51

Satellite Solutions Worldwide Group (SAT)
Director name: Walwyn ,Andrew Roy
Amount purchased: 322,581 @ 7.75p
Value: £25,000.03

Satellite Solutions Worldwide Group (SAT)
Director name: Sargent,Rodger D
Amount purchased: 322,581 @ 7.75p
Value: £25,000.03

Satellite Solutions Worldwide Group (SAT)
Director name: Waters ,Francis (Frank) Vincent
Amount purchased: 322,581 @ 7.75p
Value: £25,000.03

Real Estate Investors (RLE)
Director name: Bassi,Paul
Amount purchased: 20,000 @ 58.50p
Value: £11,700.00

Real Estate Investors (RLE)
Director name: Daly,Marcus
Amount purchased: 20,000 @ 58.50p
Value: £11,700.00

Informa (INF)
Director name: Flaschen,David
Amount purchased: 1,000 @ 957.25p
Value: £9,572.50

Kier Group (KIE)
Director name: Raven ,Hugh
Amount purchased: 12 @ 1,287.24p
Value: £154.47

Kier Group (KIE)
Director name: Brook,Nigel
Amount purchased: 12 @ 1,287.24p
Value: £154.47

Kier Group (KIE)
Director name: Veritiero,Claudio
Amount purchased: 12 @ 1,287.24p
Value: £154.47

Kier Group (KIE)
Director name: Turner,Nigel
Amount purchased: 12 @ 1,287.24p
Value: £154.47

Ubm (UBM)
Director name: Cobbold,Tim
Amount purchased: 21 @ 717.00p
Value: £150.57

Ubm (UBM)
Director name: Wyatt,Marina
Amount purchased: 21 @ 717.00p
Value: £150.57

Kingfisher (KGF)
Director name: Witts,Karen
Amount purchased: 41 @ 364.20p
Value: £149.32

Kier Group (KIE)
Director name: Dew ,Bev
Amount purchased: 11 @ 1,287.24p
Value: £141.60

Kier Group (KIE)
Director name: Mursell,Haydn
Amount purchased: 10 @ 1,287.24p
Value: £128.72

Jpmorgan Asian Inv Trust (JAI)
Director name: Gould,Ronald
Amount purchased: 46 @ 271.39p
Value: £124.84

Top Director Sells

Hargreaves Lansdown (HL.)
Director name: Hill,Christopher
Amount sold: 12,737 @ 1,272.00p
Value: £162,014.64