• Mark Watson-Mitchell

Volution Group – insider dealings well worth watching ahead of AGM

I always like to see directors of companies buying their own shares.


So I was impressed to see that on 2 November Paul Hollingsworth, the non-executive chairman of Volution Group (LON:FAN), bought another 16,704 shares at 199.5p, taking his holding up to 47,620 shares.


This global group is a leading international designer and manufacturer of energy efficient indoor air quality solutions. Its Vent-Axia brand is possibly the best known of its 16 key brands.


On Friday 11 December it will be holding its AGM.


I would hope for a positive statement that would give some credence to current year market estimates for the group to increase sales by £8.6m to around £226m, while its pre-tax profits could well increase 250% to £36m, worth 14p per share in earnings and easily covering a 4p dividend payment.


At the current 232p that puts the shares out on 17 times current year earnings, which is not too demanding for such a market leading global business. Insiders buying is always a good indication of price potential.



(Profile 23.05.19 @ 174p set a Target Price of 250p*)

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