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
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