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Realistbear

Persimmon Director Dumps 700k In Stock

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http://www.whatinvestment.co.uk/newsfeed/a...ticle_id=629715

Persimmon non-exec cuts stake by quarter 28/02/2006 17:50:00

LONDON (ShareCast) - Homebuilder Persimmon saw non-executive director Hamish Leslie Melville reduce his stake by a quarter.
Melville sold 50,000 shares at 1397p each to raise nearly £700,000 and reduce his stake to 150,000 in the group.

Hamish is a truly canny Scot?

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http://www.whatinvestment.co.uk/newsfeed/a...ticle_id=629715

Persimmon non-exec cuts stake by quarter 28/02/2006 17:50:00

LONDON (ShareCast) - Homebuilder Persimmon saw non-executive director Hamish Leslie Melville reduce his stake by a quarter.
Melville sold 50,000 shares at 1397p each to raise nearly £700,000 and reduce his stake to 150,000 in the group.

Hamish is a truly canny Scot?

Perhaps, but by the same token perhaps he's taking a profit on the back of a strong run up.

Personally, I think the collapse in housebilding shares will be one of the final acts of the HPC. Remember, the property market has been stagnant/edging down since August 2004 but housebuilding shares have prospered since then. And they offer chunky yields!

To be fair to Persimmon, they're a very well run company (their founder started the business off witha wheelbarrow and a shovel) and though they're going to be hurt when the HPC dust has settled, I expect them to survive and prosper when the next house price boom kicks off in about 2015.

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http://www.whatinvestment.co.uk/newsfeed/a...ticle_id=629715

Persimmon non-exec cuts stake by quarter 28/02/2006 17:50:00

LONDON (ShareCast) - Homebuilder Persimmon saw non-executive director Hamish Leslie Melville reduce his stake by a quarter.
Melville sold 50,000 shares at 1397p each to raise nearly £700,000 and reduce his stake to 150,000 in the group.

Hamish is a truly canny Scot?

Maybe he needed the £700,000 for a deposit on a one bed studio flat in London.

Billy Shears

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Hi,

And remember this is only a few weeks after foxton founder Jonathan Hunt cashed in several millions worth of debentures, just as the firm announced a heavy year end fall in profits.

Boomer

Edited by boom_and_bust

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Hi,

And remember this is only a few weeks after foxton founder Jonathan Hunt cashed in several millions worth of debentures, just as the firm announced a heavy year end fall in profits.

Boomer

I know virtually nothing about the financial markets, but would these not count as 'insider trading'?

Edited by libitina

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I know virtually nothing about the financial markets, but would these not count as 'insider trading'?

It may be known as doing a "Martha Stewart!" :lol::lol::lol:

Just before the public gets to see the quarterly report you either dump or buy and line your pockets.

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I know virtually nothing about the financial markets, but would these not count as 'insider trading'?

Depends, often these things are pre-scheduled. It's best to do your trading once public earnings announcements have been issued otherwise you could be accused of acting upon "material non-public information".

Now, real troubles can occur with bid speculation, if you know x is going to buy up y company and if you dip in... well, that's just naughty and could result in a trip to HM Golf and Country Club (ever wondered why the law firms are so close to the finance houses?).

Edited by BuyingBear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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