Double director sale at Monitise

Two of the most senior directors of Footsie AIM 50 listed firm Monitise have sold shares in the firm just one week after stock broker Evolution Securities lifted its target on the stock to 45p.

Chief executive officer and co-founder of the mobile payments firm Alastair Lukies and chief commercial officer Lee Cameron both sold a number of their shares at 38.75p.

Lukies sold more than 53,000 shares for a total of £20,743, while Cameron sold just under 44,000 for a total of £17,006.

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The share price has gained 84.88%, equivalent to 18.25p, over the past year.

In September the firm reported revenues which had more than doubled from £6m to £14m and said it is on track to double turnover again in 2012.

Speaking at the time, Lukies said, "this has been a breakthrough year for Monitise".

Top Director Buys

Kofax (KFX)

Director name: Mr Greg Lock

Amount purchased: 100,000 @ 250.70p

Value: £250,700

Ferrum Crescent Ltd Ord NPV (DI) (FCR)

Director name: Mr Robert W Hair

Amount purchased: 380,000 @ 5.56p

Value: £21,128

Hargreaves Lansdown (HL.)

Director name: Mr Stephen Robertson

Amount purchased: 3,996 @ 497.96p

Value: £19,898

Standard Chartered (STAN)

Director name: Mr John Paynter

Amount purchased: 1,250 @ 1,405.00p

Value: £17,562

Top Director Sells

Wood Group (John) (WG.)

Director name: Mr Mark Papworth

Amount sold: 9,991 @ 630.00p

Value: £62,943

Monitise (MONI)

Director name: Mr Alastair Lukies

Amount sold: 53,531 @ 38.75p

Value: £20,743

Monitise (MONI)

Director name: Mr Lee Cameron

Amount sold: 43,886 @ 38.75p

Value: £17,006