Share Prices & Company Research

Market News

28 Sep 2020 | 16:35

Directors dealings: PZ Cussons boss buys as shares break higher

(Sharecast News) - PZ Cussons's boss picked up a batch of shares in the healthcare and consumer products firm that he leads just as its shares jumped to their highest level since the end of 2018. On 25 September, Jonathan Myers bought 50,000 shares at 227p apiece, for a total transaction amount of £113,279.08.

Two days before, OZ Cussons had reported a good start to the current financial year, but cautioned that it expected tougher trading with the UK and other markets in recession.

The maker of Imperial Leather soap updated on trading for the three months to the end of August even as it reported a 33% drop in annual profit for the year ending in May.

Hence, management's decision to start a strategic review of its business.

During the previous financial year, pretax profit from continuing operations fell to £29.3m from £43.6m on the back of a 2.6% dip in revenues to £587.2m.

The FTSE 250 company also cut its final dividend to 3.13p a share as a result, from 5.61p, taking the annual payout to 5.80p a share from 8.28p a year earlier.

Top Director Buys

Pz Cussons (PZC) Director name: Myers,Jonathan Amount purchased: 50,000 @ 226.56p Value: £113,279.08

Beazley (BEZ) Director name: Roberts,David Amount purchased: 15,514 @ 319.08p Value: £49,502.07

The Pebble Group (PEBB) Director name: Warriner,Stuart Neil Amount purchased: 50,000 @ 80.45p Value: £40,225.00

The Pebble Group (PEBB) Director name: Lee,Christopher Amount purchased: 50,000 @ 80.00p Value: £40,000.00

Polar Capital Global Healthcare Trust (PCGH) Director name: Fleming,Andrew Amount purchased: 10,000 @ 234.66p Value: £23,466.00

Tufton Oceanic Assets Limited Npv (SHIP) Director name: Page,Stephen Le Amount purchased: 25,000 @ $0.84 Value: $21,000.00

Walker Crips Group (WCW) Director name: Min,Lim Hua Amount purchased: 60,000 @ 26.00p Value: £15,600.00

Rea Holdings (RE.) Director name: Robinow,Richard M Amount purchased: 19,167 @ 64.00p Value: £12,266.88

Castings (CGS) Director name: Cooke,Brian J Amount purchased: 3,300 @ 338.00p Value: £11,154.00

Dx (group) (DX.) Director name: Black,Russell Amount purchased: 60,500 @ 16.50p Value: £9,982.50

Castings (CGS) Director name: Cooke,Brian J Amount purchased: 3,000 @ 328.00p Value: £9,840.00

Svm Uk Emerging Fund (SVM) Director name: Gray,Ian Amount purchased: 10,000 @ 70.00p Value: £7,000.00

Staffline Group (STAF) Director name: Thomson,Richard Amount purchased: 16,722 @ 29.80p Value: £4,983.16

Rea Holdings (RE.) Director name: Robinow,Richard M Amount purchased: 5,000 @ 63.00p Value: £3,150.00

Coral Products (CRU) Director name: Wood,Michael (Mick) Amount purchased: 36,310 @ 5.10p Value: £1,851.81

Top Director Sells

Coral Products (CRU) Director name: Wood,Michael (Mick) Amount sold: 37,037 @ 5.00p Value: £1,851.85

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