- Everyman director snaps up shares
- Next directors bag half a million
- Berkeley CFO sells £384,000 shares
Non-executive director of premium cinema group Everyman Media (EMAN) and director of Blue Coast Private Equity, Michael Rosehill has bought 500,000 shares at 53.5p for the total value of £267,500 on 3 October 2023.
Following the purchase Blue Coast Private Equity's total holding has risen to 18.4 million shares equating to 20.2% of the company's issued share capital.
The move comes after the company had strong summer trading due to the success of Barbie and Oppenheimer at the box office.
However, the premium cinema group’s revenue fell in the first half to 29 June, and so far, this year shares are down 41% to the 57p mark.
Rosehill could be taking advantage of a widely discounted share price viewing the current level as a bargain.
NEXT DIRECTORS BAG £500,000
Richard Papp, group merchandise and operations director of clothing and homewares retailer Next (NXT) and Rebecca Papp have sold a total of 7,075 shares at £72.55 for the total value of £513,302 on 3 October 2023.
Year-to-date Next’s shares have performed well rising around 20%, so the move could be seen as an element of profit-taking or caution after Next’s chief financial officer (CFO) Amanda James announced she is stepping down from her role after 28 years.
James will also leave the Next board on 26 July 2024 and retire from the group later in September 2024.
BERKELEY’S CFO OFFLOADS £384,000 SHARES
Richard Stearn chief financial officer of housebuilder Berkeley Group (BKG) has sold 9,500 shares at £40.51 for a total value of £384,816 on 2 October 2023.
Berkeley recently reaffirmed its earnings guidance to deliver pre-tax profits of at least £1.05 billion across the current and next financial years in a trading update.
The company said: ‘Profits for the current year are expected to be split broadly evenly between the first and second half. Net cash of 31 October 2023 will be around £325 million compared to £410 million on 30 April 2023.
However, it is easy to view Stearn’s shares sale as a decisive one in light of current housing market sentiment – falling UK house prices and wider issues surrounding mortgage availability and affordability.
Over the past year, Berkeley’s shares are up nearly 20% to £40.54 mark.
