- Midwich director Fenby adds to his portfolio
- Bodycote non-executive director snaps up 10,000 shares
- Wise CFO sells over £211,000 shares
Stephen Fenby group managing director at Midwich (MIDW:AIM), the global specialist audio visual distributor to the trade market, has bought 50,000 shares at 376p for a total value of £187,885 on 30 October 2023.
Following this transaction, Fenby and ‘persons closely associated with him have an interest in 17,381,170 ordinary shares, representing 16.8% of the company's share capital’, the company said in a statement.
On the 11 October Fenby bought 25,000 shares at 400p for a total value of £99,968 and perhaps highlights the managing director’s ongoing confidence in the company after reporting a strong set of first-half results.
Investment bank Berenberg said in a research note at the time: ‘We keep our forecasts unchanged yet remain confident that the company may have further positive news to share if current trend rates continue in the second half of 2022.’
Midwich shares are down nearly 5% year-to-date.
BODYCOTE DIRECTOR BUYS OVER £55,000 SHARES
Patrick Larmon, non-executive director at engineering company Bodycote (BOY) has bought 10,000 shares at 567p for the total value of £56,700 on 31 October 2023.
The move comes as the specialist testing and thermal processing services and equipment maker, announced the acquisition of two specialist technology-focused businesses for $145 million.
Bodycote said it plans to open a new HIP (Hot Isostatic Pressing) facility in Southern California.
The company’s shares are up 17% over the past year to the 597p mark.
WISE CFO SELLS OVER £211,000 SHARES
Matthew Briers chief financial offer and director of Wise (WISE) has sold 31,682 shares at 668p for a total value of £211,522 on 1 November 2023.
Wise, the UK-based foreign exchange financial technology company reported a positive trading update which saw 32% growth in active customers year-on-year to 7.2 million despite uncertain macroeconomic conditions.
Income grew 51% year-on-year to £345 million.
The move could be viewed as an attempt by Briers to 'cash in' on a solid share price performance year-to-date which has seen gains of 22%.
