Two non-execs of adult gaming and bingo centres operator Praesepe have bought shares following the company's recent interim results.
Chairman David Williams invested £36,065 at 5.5p a share, taking his stake to 0.17%.
Non-executive director Simon Thomas could not get as good a price as Williams and he paid 7.5p each for his 500,000 shares - a total cost of £37,500. Thomas owns 0.45 of Praesepe.
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The recent interims showed a modest underlying profit for the company. Revenue in the 28 weeks to 11 July surged to £15.7m from £5.7m in the corresponding period of 2009. This was partly down to the acquisition activity in the past year.
Trading over the summer months was negatively affected somewhat by the football World Cup.
New gaming machines are boosting like-for-like revenues and a move into bingo has made revenues more predictable.
Top Director Buys
Praesepe (PRA) Director name: Mr Simon ThomasAmount sold: 500,000 @ 7.50p Value: £37,500
Praesepe (PRA) Director name: Mr David WilliamsAmount sold: 655,723 @ 5.50p Value: £36,065
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