02/10/2015 - 13:51

Big trades by company directors

02/10/2015 - 13:51

Bookmark

Upgrade your subscription to use this feature.

Decmil Group founder and director Denis Criddle has spent another $500,000 buying shares in the contracting company, adding to a string of big trades by company directors includng his son Scott Criddle, Chris Ellison, John Rothwell and Enzo Gullotti over the past month, according to BNiQ data.

Decmil Group founder and director Denis Criddle has spent another $500,000 buying shares in the contracting company, adding to a string of big trades by company directors includng his son Scott Criddle, Chris Ellison, John Rothwell and Enzo Gullotti over the past month, according to BNiQ data.

Denis and chief executive Scott Criddle have invested a combined $1.43 million in Decmil stock in the past three months.

A change of director’s interest notice lodged with the ASX today disclosed that Denis Criddle, who founded the original private firm in 1979, spent $516,619 on Decmil shares to bring his portfolio up to about 20.1 million securities held.

It brings his total spending on Decmil shares to $1.16 million since mid-June, while his son has invested about $270,000 in the same timeframe.

Chairman Bill Healy also recently spent about $100,000 on Decmil shares.

Other notable transactions recorded by BNiQ data include Chris Ellison’s $2.07 million on-market investment in diversified mining services and contracting business Mineral Resources, of which he is the managing director, in two separate transactions over the last month.

Meanwhile, the founder and non-executive chairman of shipbuilder Austal, John Rothwell, sold down a portion of his shareholding in the company for $7.24 million in September, after he was approached by investors who were keen to gain a holding in the company, and asked if he would consider selling some of his stake.

In a statement to the ASX today, the managing director of local contractor Global Construction Services, Enzo Gullotti, pocketed $490,000 after selling 1 million shares at 49 cents each.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options