Wife of Admiral CEO buys 1.6m pounds-worth of shares – MoneyWeek

Followingthistransaction,HenryEngelhardtandFamilyholdingsnowtotal37,957,913ordinarysharesintheinsurer,equaltojustunder14%oftheentireissuedsharecapital。

ThepurchasecamejustafewdaysafterAdmiralsfirst-halfresults,inwhichitreporteda7%riseinpre-taxprofitto£171。

8manda6%increaseingroupturnoverto£1。

17bn。

However,thesharepricehasbeenunderpressuresincethefigureswerereleasedonAugust30th,fallingaround5%。

Speakingatthetimeoftheresults,Engelhardtsaid:IntheUK,followingtheverysignificantgrowthin2010and2011,wecontinuetoslowourrateofgrowthtoamoremodestlevel,whichwebelieveisasensibleresponsetotheincreasedcompetitioninthemarket。

CreditSuissedowngradeditsratingforthestockfromoutperformtoneutralonMonday,sayingthatdespitethesolidheadlineresult,weaker-than-expectedvehiclecountgrowth,heightenedpressureonindustrypricingandlarger-than-expectedinternationallosseshavepromptedustolowerearningsforecastsby4-7%forFY12-14e。

TopDirectorBuys

AdmiralGroup(ADM)

Directorname:MrHenryEngelhardt

Amountpurchased:144,348@1,107。

00p

Value:£1,597,932

BankofAmericaCorp。

(BAC)

Directorname:MrSharonLAllen

Amountpurchased:14,153@$7。

99

Value:$113,082

BankofAmericaCorp。

(BAC)

Directorname:MrJackOBovenderJr

Amountpurchased:14,153@$7。

99

Value:$113,082

BankofAmericaCorp。

(BAC)

Directorname:MrRDavidYost

Amountpurchased:14,153@$7。

99

Value:$113,082

BankofAmericaCorp。

(BAC)

Directorname:MsLindaPHudson

Amountpurchased:14,153@$7。

99

Value:$113,082

InnovationGroup(TIG)

Directorname:MrDavidThorpe

Amountpurchased:250,000@20。

15p

Value:£50,375

CompassGroup(CPG)

Directorname:MsSusanMurray

Amountpurchased:3,000@701。

29p

Value:£21,039

Ladbrokes(LAD)

Directorname:MrIanBull

Amountpurchased:12,200@170。

45p

Value:£20,795

TopLevelDomainHoldingsLtd。

(DI)(TLDH)

Directorname:MrDaviddeJonghWeill

Amountpurchased:250,000@5。

00p

Value:£12,500

TopDirectorSells

EuromoneyInstitutionalInvestor(ERM)

Directorname:MrDanCCohen

Amountsold:25,000@752。

00p

Value:£188,000

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