Recently I posted a list of FTSE 100 individual stocks with their expected returns.
Using data from digitallook.com I have complied a table of the top 10 of the list (the best value shares) showing director buying and selling in the last 12 months together with the net buying or selling:
|Legal & General||£25,734||£2,233,156||-£2,207,422|
|Scot & South Energy||£624||£196,742||-£196,118|
Looking at the top 4 in the list they all have insider net selling of over GBP2m and in the case of BT over GBP5m has been offloaded. In these cases I'd be cautious.
For Aviva there is fairly significant net selling but their has also been fairly substantial buying over the last 12 months too.
For the other companies on the list the amounts are low enough to be insignificant. In the case of BAE Systems the selling took place at the beginning of the period and the buying back of shares is more recent. If you changed the time frame to the last 6 months there would be a fairly substantial amount of net buying.