A non-executive director of FTSE 250 emergency repair group Homeserve has purchased his first lot of shares one month after joining the firm.
Ben Mingay, who joined the board at the start of January, bought himself 20,000 at 250.70p for a total of £50,140.
The purchase comes just days after the struggling firm slashed 200 jobs as it revealed that the total customer numbers for the full year ending March 31st are now expected by 8% lower than last year, worse than previous guidance of a 5% reduction. The firm said the cuts will help it to focus on marketing and create a smaller outbound telephony operation.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Nevertheless, the company emphasised that it expects adjusted pre-tax profit to be within analysts' expectations of around £122-132m for the year.
Latest Videos FromMoneyWeek
The director now owns around 0.06% of the firm's shares.
Top Director Buys
Vectura Group (VEC)
Director name: Mrs Anne Hyland
Amount purchased: 243,900 @ 48.12p
Value: £117,365
Homeserve (HSV)
Director name: Mr Ben Mingay
Amount purchased: 20,000 @ 250.70p
Value: £50,140
3i Infrastructure (3IN)
Director name: Mr Peter Sedgwick
Amount purchased: 40,000 @ 122.49p
Value: £48,996
India Hospitality Corp. (DI) (IHC)
Director name: Mr Jason Ader
Amount purchased: 459,793 @ $0.09
Value: $41,381
India Hospitality Corp. (DI) (IHC)
Director name: Mr Ravi Deol
Amount purchased: 308,061 @ $0.09
Value: $27,725
India Hospitality Corp. (DI) (IHC)
Director name: Mr Sandeep Vyas
Amount purchased: 151,732 @ $0.09
Value: $13,656
Top Director Sells
British Sky Broadcasting Group (BSY)
Director name: Mr Andrew Griffith
Amount sold: 240,000 @ 699.06p
Value: £1,677,744
British Land Co (BLND)
Director name: Mr Chris Grigg
Amount sold: 126,436 @ 492.00p
Value: £622,065
British Land Co (BLND)
Director name: Mr Charles Maudsley
Amount sold: 27,715 @ 492.00p
Value: £136,358
