Lancaster's £4.05m SDL share sale

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

Get 6 issues 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

Sign up

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