EXPANSYS bosses buy into rally

published 27 July 2011

Directors at EXPANSYS have been clubbing together to buy big stakes in the ailing online smartphone retailer, taking advantage of a continuing rally.Bob Wigley took the biggest stake, taking about 6.6m shares at 1.49p a time and lifting his stake to 8.4m shares, about 0.73% of the company. Brian Collie took nearly 2m shares at 1.5p a time and now has 2.9m.Chief executive Anthony Catterson took 1.6m shares, also paying 1.5p, and now has just over 2m, Graham Dawber took 1m shares at 1.5p and chief financial officer Chris Ogle took 872,328 shares at 1.42p.The purchases came the day after EXPANSYS reported that it moved into the black after a year of transition and change, sending the shares sharply higher.Underlying profit before tax, which strips out one-off and other non-cash items, was £3.4m in the year to 30 April, versus a loss the year before of £0.2m. The shares continued rising after today's purchases, hitting 1.6p.EXPANSYS, which sells Blackberry, Samsung and Nokia smartphones, also counts Peter Jones, the former panellist on the business programme Dragon's Den, among its board members, though he decided to count himself out of the current round of buying.Top Director BuyseXpansys (XPS) Director name: Mr Bob WigleyAmount purchased: 6,625,000 @ 1.49p Value: £98,712Montanaro European Smaller Companies Trust (MTE) Director name: Mr Andrew IrvineAmount purchased: 10,000 @ 454.75p Value: £45,475eXpansys (XPS) Director name: Mr Brian J CollieAmount purchased: 1,983,382 @ 1.50p Value: £29,751eXpansys (XPS) Director name: Mr Anthony James CattersonAmount purchased: 1,600,000 @ 1.50p Value: £24,000Majedie Investments (MAJE) Director name: Mr Paul GaddAmount purchased: 10,000 @ 171.00p Value: £17,100Noble Investments (UK) (NBL) Director name: Mr Elie DunnoosAmount purchased: 10,000 @ 167.00p Value: £16,700eXpansys (XPS) Director name: Mr Graham DawberAmount purchased: 1,000,000 @ 1.50p Value: £15,000Montanaro European Smaller Companies Trust (MTE) Director name: Mr Richard MartinAmount purchased: 3,000 @ 456.49p Value: £13,695eXpansys (XPS) Director name: Mr Chris OgleAmount purchased: 872,328 @ 1.42p Value: £12,387Sound Oil (SOU) Director name: Mr Gerald OrbellAmount purchased: 500,000 @ 2.40p Value: £12,000Top Director SellsJohnson Matthey (JMAT) Director name: Mr Neil A P CarsonAmount sold: 15,369 @ 2,083.56p Value: £320,222Johnson Matthey (JMAT) Director name: Mr Lawrence C PentzAmount sold: 11,455 @ 2,083.56p Value: £238,672Johnson Matthey (JMAT) Director name: Mr W F SandfordAmount sold: 4,186 @ 2,083.56p Value: £87,218Fuller Smith & Turner (FSTA) Director name: Mr M J TurnerAmount sold: 5,830 @ 700.00p Value: £40,810Fuller Smith & Turner (FSTA) Director name: Mr Simon EmenyAmount sold: 4,550 @ 700.00p Value: £31,850Fuller Smith & Turner (FSTA) Director name: Mr Richard FullerAmount sold: 2,135 @ 700.00p Value: £14,945Fuller Smith & Turner (FSTA) Director name: Mr Richard FullerAmount sold: 2,135 @ 700.00p Value: £14,945Fuller Smith & Turner (FSTA) Director name: Mr Marie GracieAmount sold: 1,896 @ 700.00p Value: £13,272