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Belvoir Lettings Chairman sells shares to satisfy institutional demand

Fri, 05th Apr 2013 16:55

Belvoir Lettings, the UK lettings specialist which listed on the AIM market in February last year, announced on Friday that its Executive Chairman and founder had sold a quarter of a million shares in the group in order to help satisfy 'significant institutional demand'.The news comes just a week after the firm's full-year results which showed a 20.8% increase in revenue to £4.0m and an 12% rise in profit before tax and exceptionals.Belvoir said that Mike Goddard had offloaded 250,000 ordinary shares at 136p a share, reducing his holding to 8,953,922 shares.He has retained a 43.36% stake in Belvoir's issued share capital.Top Director BuysIthaca Energy Inc. (DI) (IAE) Director name: Mr Jack C. LeeAmount purchased: 65,000 @ 111.48p Value: £72,462Ithaca Energy Inc. (DI) (IAE) Director name: Mr Jay M ZammitAmount purchased: 50,000 @ 111.48p Value: £55,740Immunodiagnostic Systems Holdings (IDH) Director name: Dr Patrik Olof DahlenAmount purchased: 20,000 @ 288.00p Value: £57,600Share (SHRE) Director name: Mr Gavin David Redvers OldhamAmount purchased: 231,910 @ 23.50p Value: £54,499Severfield-Rowen (SFR) Director name: Mr John DoddsAmount purchased: 118,000 @ 41.50p Value: £48,970GVC Holdings (GVC) Director name: Mr Lee FeldmanAmount purchased: 15,000 @ 289.00p Value: £43,350Ithaca Energy Inc. (DI) (IAE) Director name: Mr Bradley HurtubiseAmount purchased: 25,000 @ 112.13p Value: £28,032Severfield-Rowen (SFR) Director name: Mr J Keith ElliottAmount purchased: 183,088 @ 23.00p Value: £42,110Severfield-Rowen (SFR) Director name: Mr Peter A EmersonAmount purchased: 159,362 @ 23.00p Value: £36,653Graphite Enterprise Trust (GPE) Director name: Ms Sandra PajarolaAmount purchased: 6,000 @ 502.50p Value: £30,150Top Director SellsPrudential (PRU) Director name: Mr Tidjane ThiamAmount sold: 296,365 @ 1,061.51p Value: £3,145,944Prudential (PRU) Director name: Mr Barry StoweAmount sold: 140,152 @ 1,075.47p Value: £1,507,293Prudential (PRU) Director name: Mr Nicolaos NicandrouAmount sold: 120,740 @ 1,061.51p Value: £1,281,667Prudential (PRU) Director name: Mr Robert DeveyAmount sold: 120,738 @ 1,061.51p Value: £1,281,646Belvoir Lettings (BLV) Director name: Mr Mike GoddardAmount sold: 250,000 @ 136.00p Value: £340,000Prudential (PRU) Director name: Mr Barry StoweAmount sold: 10,119 @ 1,061.07p Value: £107,370Prudential (PRU) Director name: Mr Michael McLintockAmount sold: 4,103 @ 1,061.51p Value: £43,554Prudential (PRU) Director name: Mr Tidjane ThiamAmount sold: 3,467 @ 1,061.51p Value: £36,803Animalcare Group (ANCR) Director name: Mr Stephen WildridgeAmount sold: 23,000 @ 130.00p Value: £29,900Prudential (PRU) Director name: Mr Robert DeveyAmount sold: 1,575 @ 1,061.51p Value: £16,719BC
More News
29 Nov 2013 14:16

Belvoir Lettings announces UK portfolio acquisition

Shares in Belvoir Lettings climbed after the company announced the acquisition of a "significant" lettings portfolio in the Cheshire and Merseyside regions of the UK. The deal is a joint acquisition by the group's franchises Belvoir Warrington and St Helens and is expected to be earnings enhancing

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29 Nov 2013 09:22

Belvoir Lettings Acquires Lettings Portfolio In Cheshire And Merseyside

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22 Nov 2013 08:48

Belvoir Lettings Raises GBP5.35 Million In Placing For Expansion

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6 Sep 2013 15:59

DIRECTORS DEALINGS - Belvoir Lettings Executives Sell Shares

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5 Sep 2013 10:47

Belvoir launches new pilot scheme

Belvoir Letting has launched a new estate agency sales pilot trialling residential property sales for one year. The trial initially includes ten offices from a cross-section of Belvoir outlets across England, Scotland, Wales and Northern Ireland and will run an estate agency offering alongside the

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5 Sep 2013 10:25

Belvoir Lettings Profits Up; Launches New Property Sales Pilot

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20 May 2013 12:04

Belvoir Lettings acquires four lettings agencies

Belvoir Lettings has acquired four lettings agencies based in England's Basingstoke and Andover. The UK letting company purchased Claygold, which trades as Redwoods from one branch in Andover and three in Basingstoke. Redwoods letting business will be sold on to the two existing Belvoir franchise

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19 Apr 2013 08:47

Friday broker round-up UPDATE

African Barrick Gold: JP Morgan cuts target price from 290p to 200p, while leaving its underweight rating rating unchanged. Fox Davies reduces target price from 353p to 315p and maintains a hold rating. Westhouse Securities lowers target price from 195p to 180p retaining a neutral rating. Belvoir L

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6 Mar 2013 07:03

Wednesday broker round-up UPDATE

Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter

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