Homeserve non-exec buys shares for £44,255
A round-up of the biggest director buys today so far.
Stella David, a non-executive director of Homeserve, the emergency repair group, has stocked up on shares in the firm with a £44,255 purchase.
David, who joined the board in November 2010, bought 17,688 at 250.20p each, less than a week after the firm announced 200 job cuts.
Despite the cuts, the firm assured investors that its full-year profits will be in line with expectations even though its recent travails are still preventing the group from restarting some marketing operations.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
With customer numbers falling and the restarting of outbound calls taking longer than ancitpated, the company will make hundreds of lay-offs in order to scale back its telesales operations.
Adjusted pre-tax profit is expected to be within analysts' expectations of around £122-132m for the year ending March 31st.
Top Director Buys
Imaginatik (IMTK)
Director name: Mr Matthew Jonathan Cooper
Amount purchased: 22,327,692 @ 0.30p
Value: £66,983
Homeserve (HSV)
Director name: Ms Stella David
Amount purchased: 17,688 @ 250.20p
Value: £44,255
Imaginatik (IMTK)
Director name: Mr David Gammon
Amount purchased: 7,442,564 @ 0.30p
Value: £22,328
Imaginatik (IMTK)
Director name: Mr Shawn Taylor
Amount purchased: 6,200,000 @ 0.30p
Value: £18,600
Aberdeen New Thai Inv Trust (ANW)
Director name: Mr Peter Bristowe
Amount purchased: 6,000 @ 289.29p
Value: £17,357
Top Director Sells
Catlin Group Ltd. (CGL)
Director name: Mr Paul Jardine
Amount sold: 183,328 @ 443.00p
Value: £812,143
Alexander David Securities Group (ADS)
Director name: Mr Trevor Coote
Amount sold: 31,250,000 @ 0.16p
Value: £50,000
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published