Non-executive director Philip Rowley has invested £31,000 in interactive whiteboards supplier Promethean World.
Rowley bought 24,838 shares at 124.7p a share, taking his stake to 157,606 shares.
Promethean World floated in March 2010 at 200p a share. The share price has been in decline since June. The interim figures in August have sparked a mini-rally in the shares so they have risen from their low of 119p.
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
Promethean World's interims were positive. The Blackburn-based firm said pre-tax profit rose from £2.1m to £9.2m for the six months to June 2010. Revenue increased 35% to £122.4m. The main market is North America but demand for Promethean World's products is increasing in the rest of the world as well. At the moment, 7% of classrooms have interactive whiteboards.
Investec set a price target of 222p at the time of the interims.
Top Director Buys
Promethean World (PRW) Director name: Mr Philip RowleyAmount purchased: 24,838 @ 124.70p Value: £30,973
Aer Lingus Group (AERL) Director name: Mr Andrew MacfarlaneAmount purchased: 25,000 @ € 0.92 Value: € 23,000
Bioquell (BQE) Director name: Mr Simon ConstantineAmount purchased: 14,000 @ 115.00p Value: £16,100
Rank Group (RNK) Director name: Mr Peter W JohnsonAmount purchased: 8,926 @ 113.37p Value: £10,119
Top Director Sells
Pennon Group (PNN) Director name: Mr Christopher LoughlinAmount sold: 19,023 @ 570.37p Value: £108,501
Pennon Group (PNN) Director name: Mr C I J H DrummondAmount sold: 16,684 @ 570.37p Value: £95,161
Pennon Group (PNN) Director name: Mr D J DupontAmount sold: 16,684 @ 570.37p Value: £95,161
Pennon Group (PNN) Director name: Mr Ken WoodierAmount sold: 9,510 @ 570.37p Value: £54,242
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
