- Diageo director buys on five-year low
- B&M director buys 70,053 shares
- LBG Media directors snap up stock
A person closely associated with Dan Mobley - a member of the executive committee at Diageo (DGE) - Diana Mobley has bought 2,280 shares at £21.81 for a total value of £49,727 on 14 February.
The alcoholic drinks giant’s shares recently took a turn for the worse dropping to a five-year low of £22.73 despite returning to organic growth for the first half of the year.
Mobley’s move could be seen as making the most of the depressed share price, as the Johnnie Walker whisky-to-Smirnoff vodka maker remains confident of future progress.
B&M EUROPEAN DIRECTOR BUYS £201,192
Tiffany Hall, non-executive director of discounter B&M European Value Retail (BME) has bought 70,053 shares at 287p for a total value of £201,192 on 27 February.
The variety retailer also announced that chief executive Alex Russo would step down at the end of April.
Hall’s purchase comes after the stock plunged to a five-year low after its latest profit downgrade on 24 February.
The purchase sees Hall buy the stock at a ‘bargain price’ with a view of more positive news in the future.
LBG MEDIA DIRECTORS BUY AFTER SHARE PRICE SLUMP
CEO Alexander (Solly) Solomou, David Wilson executive chair and Carol Kane non-executive director of diversified youth publisher LBG Media (LBG:AIM) have all bought shares in the company on 18 February, 17 February and 14 February respectively.
Solomou bought 22,209 shares at 112p for a total value of £24,874, Wilson bought 45,192 shares at 110p for a total value of £49,847 and Kane bought 46,844 shares at 107p for a total value of £49,889.
Following this purchase, Solomou has a beneficial interest of 87,042,137 shares, representing 41.63% of the issued share capital of the company, with 82,391,080 shares held within Solo Investments Holdings Limited and 4,651,057 shares held in his own name.
This move comes after a 21% fall in the company’s share price so far this year, the LADbible executives could be capitalising on this share price slump.
On 13 February the company announced that the CFO Richard Jarvis was stepping down with immediate effect due to personal reasons.
Despite this shock departure, LBG Media reported a positive set of results (on 22 January) with total revenue gaining 22% to £86.2 million for the year ending 30 September.
The company also made key client wins with Netflix (NFLX:NASDAQ), L’Oreal (OR:EPA) and White Castle in the US.
