By Nigel Somerville | Friday 1 January 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It's not often that a FTSE100 company makes the hallowed turf of ShareProphets - let alone the Red Flags at Night series, but Travis Perkins (TPK) managed exactly that by slipping out a big director share sale at 2.05pm on New Year's Eve. That truly is no-one-is-watching o'clock as it was even after the RNS system had closed down for the day. Worse still, the company looks to have screwed up the announcement and so having appeared to have gone to the trouble of hiding the sale as best it could, it will have now to restate the RNS when everyone is back at their desks next week. Bad luck, chaps - nice try.
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