LONDON (ShareCast) - Halfords boss David Wild has spent £137,000 on shares in the bike and car parts retailer less than a week after slightly better than expected full-year profits.
Wild bought 40,000 shares at 343p each, just
a few pennies off the 52-week high of 346p. They were down near 200p last October.
Profit before tax and exceptional items for the 52 weeks to 27 March rose to £92.4m from £90.2m the year before. Analysts had predicted £91.5m.
A 0.3% drop in revenue to £794.7m still beat the £790m forecast. Like-for-like sales fell 3.3%.
The car maintenance business delivered strong like-for-like sales growth, allowing the group to continue to grow its market share, while the cycling arm benefited from range development and government initiatives.
Halfords recommended a final dividend of 10.9p a share, making a total of 15.9p for the year, up 5%.
Top Director Buys
Treveria (TRV)
Director name: Mr Nicholas Cournoyer
Amount purchased: 7,750,000 @ € 0.14
Value: € 1,046,250
New Europe Property Investments (NEPI)
Director name: Mr Desmond de Beer
Amount purchased: 100,000 @ € 2.02
Value: € 202,000
Halfords Group (LSE: HFD.L - news) (HFD)
Director name: Mr David Wild
Amount purchased: 40,000 @ 343.00p
Value: £137,200
HydroDec Group (LSE: HYR.L - news) (HYR)
Director name: Mrs G Leates
Amount purchased: 120,000 @ 17.50p
Value: £21,000
Moss Bros (MOSB)
Director name: Mrs Debbie Howard Hewitt
Amount purchased: 111,111 @ 18.00p
Value: £20,000
Top Director Sells
Intertek Group (LSE: ITRK.L - news) (ITRK)
Director name: Mr William Spencer
Amount sold: 59,941 @ 1,046.70p
Value: £627,402
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