- British American Tobacco’s new boss shows market that he backs his own leadership
- Computacenter CEO cashes in on positive set of results
- Assura directors buy over £86,000 shares
British American Tobacco (BATS) CEO Tadeu Marroco has bought 10,000 shares at £25.74 for a total value of £257,386 on 6 June.
The purchase comes as no surprise as the shares have fallen almost 22% year-to-date and buying now could be a spot of ‘bargain-hunting’ from the new CEO, not to mention a flag waving exercise to the markets that he backs his own leadership.
The former finance director took over from Jack Bowles who left the company after just four years in the job.
Marroco recently reiterated positive guidance for the world’s largest tobacco group saying it expected constant currency revenue growth of between 3-5% in going forward for 2023.
COMPUTACENTER CEO SELLS £1.2 MILLION SHARES
Michael Norris, CEO of IT reseller Computacenter (CCC), has sold 55,000 shares at £23.19 for a total value of £1,275,362 million on 6 June.
Norris now retains 1,079,214 shares in the company.
Norris maybe cashing in on the positive share price. Computacenter shares have risen 16% year-to-date.
In March, the IT reseller reported a 3.2% rise in pre-tax profits to £263.7 million for the year ending 31 December.
Services revenue increased by 8.3% and the technology sourcing side of the company delivered a 36.7% improvement year-on-year.
ASSURA CEO AND CFO TAKE ADVANTAGE OF LOW SHARE PRICE
CEO of real estate investment trust Assura (AGR) Jonathan Murphy has bought 115,000 shares at 49p for a total value of £56,120 on 5 June.
CFO Jayne Cottam has done the same and bought 62,830 shares at 48p for a total value of £30,001 on 5 June.
These purchases bring the total number of shares bought by both to 177,830 at a total purchase price of £86,120.
CEO Murphy and CFO Cottam seem be taking advantage of the share price 12-month lows of 46.9p.
Over the past year its shares have fallen almost 30%.
The spending spree comes as the GP surgeries developer reported that it had swung to a pre-tax loss in the year to 31 March 2023.
Assura blamed the higher interest rate environment which had an adverse effect on its portfolio.
