A person connected to IT services provider Computatcenter chairman Greg Lock has invested £210,000 in the company.
Rosemary Lock has acquired 50,000 shares at 420p each. That takes Greg Lock's beneficial holding to 400,000 shares.
Lock is also chairman of Kofax and he is a former chairman of SurfControl.
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Computacenter reported 2010 figures in line with expectations and management expects further improvement this year.
Ongoing revenues grew 11% to £2.68bn, while underlying pre-tax profit was 22% ahead at £66.1m. The total dividend rose from 11p a share to 13.2p a share.
Net cash trebled to £111m at the end of 2010. If financing supplied to customers is included the net cash figure increased from £86.4m to £139.4m.
Broker Panmure Gordon says that the future looks bright for Computacenter and it raised its target price from 436p a share to 484p a share.
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