Three Directors buy up shares in Aga Rangemasters – MoneyWeek

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TheChiefExecutive,WilliamMcGrath,alsostockedup,buyinghimself28,045sharesatthesamepriceforatotalof£24,399。

ANon-ExecutiveDirector,JonathanCarling,madehisfirstpurchaseofsharesinthecompany,buyingup5,000shares。

Revenuedroppedfrom£259。

1mto£250。

9m,withoperatingcostslowerat£244。

8m(2010:£254m)。

Secondhalfrevenuesof£129。

5mweredown4。

5%year-on-year,comparedwiththefirsthalfwhenrevenuesfell1。

6%to£121。

4m。

TheproportionoftotalrevenuesfromoutsidetheUKwasflatat37%。

Theoperatingprofitfortheyearwas£6。

1m,upfromthe£5。

1mreportedin2010,asthegroupbenefittedmorefullyfromtheoperationalefficienciesimplementedin2008to2010。

Theproductintroductionsandstrengthenedbusinessprocessesenabledustoimprovemarginsandprovideacontinuingoptimismthatthegroundworkisinplacetorestoreprofitstolevelsachievedpriortotheeconomicdownturn,thefirmsaid。

Wewentinto2012expectingmarketstoremaintoughandwehavealreadyundertakenfurtherstepstoimproveefficienciesandlowerthecostbase,buildingonprogrammesofthelastfouryears。

WenowhaveasinglesetoffocusedbusinessprocessesacrosstheUKmanufacturingunits。

Cashdroppedfrom£51。

7mto£48。

1m,slightlylowerthanexpected。

Thefinaldividendis1。

1p,bringingthetotaldividendfortheyearto1。

9pcomparedwith1。

7pthepreviousyear。

TopDirectorBuys

RobertWalters(RWA)

Directorname:MrRobertCWalters

Amountpurchased:56,505@237。

50p

Value:£134,199

RobertWalters(RWA)

Directorname:MrGilesPDaubeney

Amountpurchased:47,110@237。

50p

Value:£111,886

Norcros(NXR)

Directorname:MrMartinTowers

Amountpurchased:100,000@98。

80p

Value:£98,800

RobertWalters(RWA)

Directorname:MrAlanBannatyne

Amountpurchased:34,500@237。

50p

Value:£81,938

AgaRangemasterGroup(AGA)

Directorname:MrWilliamBMcGrath

Amountpurchased:28,045@87。

00p

Value:£24,399

Britvic(BVIC)

Directorname:MrJoanneAveriss

Amountpurchased:6,000@381。

00p

Value:£22,860

Norcros(NXR)

Directorname:MrMartinTowers

Amountpurchased:200,000@10。

55p

Value:£21,100

WYG(WYG)

Directorname:MrPaulHamer

Amountpurchased:37,500@52。

00p

Value:£19,500

AccessIntelligence(ACC)

Directorname:MrMichaelJackson

Amountpurchased:500,000@3。

25p

Value:£16,250

AgaRangemasterGroup(AGA)

Directorname:MrShaunMSmith

Amountpurchased:16,090@87。

00p

Value:£13,998

TopDirectorSells

RobertWalters(RWA)

Directorname:MrRobertCWalters

Amountsold:175,407@237。

50p

Value:£416,592

RobertWalters(RWA)

Directorname:MrAlanBannatyne

Amountsold:129,782@237。

50p

Value:£308,232

RobertWalters(RWA)

Directorname:MrGilesPDaubeney

Amountsold:114,951@237。

50p

Value:£273,009

IndependentInvTrust(IIT)

Directorname:MrMaxwellCBWard

Amountsold:100,000@203。

00p

Value:£203,000

BritishPolytheneIndustries(BPI)

Directorname:MrDavidHarris

Amountsold:27,500@365。

00p

Value:£100,375

BritishPolytheneIndustries(BPI)

Directorname:MrJohnTLanglands

Amountsold:15,940@365。

00p

Value:£58,181

IndependentInvTrust(IIT)

Directorname:MrMaxwellCBWard

Amountsold:20,000@203。

00p

Value:£40,600

RPCGroup(RPC)

Directorname:MrPetrusRMVervaat

Amountsold:8,966@373。

70p

Value:£33,506

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