Homeserve non-exec buys shares for £44,255

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.

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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