SDL International's chairman and chief executive has sold more than one-half of his stake in the content localisation technology company.
Mark Lancaster sold 750,000 shares at 540p a share. This raised £4.05m. Lancaster says that he sold the shares in order to finance the purchase of a property. He retains a 0.7% stake.
Gartner has published an annual update to its web content management research. This covers SDL. Gartner says that SDL's marketing lags behind the quality of the services it offers. Gartner adds that SDL is maintaining its innovative edge.
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
KBC Peel Hunt upgraded its 2010 earnings per share forecast for SDL to 34.7p. This followed SDL's interims.
Interim revenues grew 13% to £94.5m, while underlying profits increased 12% to £16.3m.
Top Director Buys
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) Director name: Mr Michael Grenville GrayAmount purchased: 70,000 @ $1.48 Value: $103,600
XP Power (XPP) Director name: Mr David Hempleman AdamsAmount purchased: 5,775 @ 855.00p Value: £49,376
Computacenter (CCC) Director name: Mr John OrmerodAmount purchased: 10,000 @ 284.61p Value: £28,461
Symphony International Holdings (SIHL) Director name: Mr Anil ThadaniAmount purchased: 40,935 @ $0.66 Value: $27,017
Chaucer Holdings (CHU) Director name: Mr Richard T ScholesAmount purchased: 55,000 @ 46.65p Value: £25,658
Anglo Pacific (APF) Director name: Mr Matthew TackAmount purchased: 5,079 @ 254.50p Value: £12,926
Top Director Sells
SDL International (SDL) Director name: Mr Mark J LancasterAmount sold: 750,000 @ 540.00p Value: £4,050,000
NCC Group (NCC) Director name: Mr Robert F C CottonAmount sold: 29,867 @ 430.00p Value: £128,428
Northern Foods (NFDS) Director name: Mr Stefan BardenAmount sold: 157,896 @ 43.50p Value: £68,685
-
8 of the best properties for sale for around £1 millionThe best properties for sale for around £1 million – from a Grade II-listed former watermill in Torpoint, Cornwall, to a two-bedroom apartment close to London’s Kensington High Street
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefsMPs want the government to delay changes to inheritance rax reliefs for farmers
