Praesepe
A round-up of the biggest director deals today so far.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How ‘Bed & ISA’ could save you £15,000 over a decade
Moving your investments into a tax-free wrapper through ‘Bed & ISA’ transactions could save you thousands over the long run by cutting your tax bill
By Katie Williams Published
-
House prices hit record high, says Halifax
UK house prices rose 3.9% over the past year, with a typical property now costing £293,999. We look at which regions are seeing the strongest growth, and whether the rally in house prices will continue next year
By Ruth Emery Published