ReThink Group CFO buys 1.4m shares

Steve Wright, the Chief Financial Officer of ReThink Group, has purchased

more than 1.4m shares in the recruitment and technology services firm.

Wright purchased the shares at 7.00p each and for a total of £100,000.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The company's share price has fallen over 25% in the last year, equal to 2.62p.

In April the company revealed that its revenue for the year grew by 40% on 2010 to hit £78.9m, better than the market consensus of £73.5m.

Profit before tax amounted to £2.5m (2010: £0.9m), well ahead of forecasts around the £1.9m mark.

Earning per share were 1.422p against expectations of 1.3p, while the dividend also beat the forecast of 0.3p, coming in at 0.331p per share.

Top Director Buys

ReThink Group (RTG)

Director name: Mr Steve Wright

Amount purchased: 1,428,571 @ 7.00p

Value: £100,000

Greene King (GNK)

Director name: Mr Rooney Anand

Amount purchased: 9,334 @ 560.99p

Value: £52,363

Greene King (GNK)

Director name: Mr Matthew Fearn

Amount purchased: 5,883 @ 560.99p

Value: £33,003

Falkland Islands Holdings (FKL)

Director name: Mr David L Hudd

Amount purchased: 10,042 @ 320.00p

Value: £32,134

Hansa Trust 'A' Non Voting Shares (HANA)

Director name: Lord Borwick

Amount purchased: 4,070 @ 725.00p

Value: £29,508

Essar Energy (ESSR)

Director name: Mr Sattar Hajee Abdoula

Amount purchased: 10,000 @ 123.50p

Value: £12,350

Falkland Islands Holdings (FKL)

Director name: Mr Mike Killingley

Amount purchased: 3,354 @ 320.00p

Value: £10,733

Top Director Sells

Homeserve (HSV)

Director name: Mr Martin Bennett

Amount sold: 14,470 @ 162.00p

Value: £23,441

Tracsis (TRCS)

Director name: Mr Dr. Raymond Kwan

Amount sold: 17,000 @ 111.00p

Value: £18,870