GETECH chairman buys
A round-up of the biggest director deals today so far.
Peter Stephens, the chairman of oil exploration data services provider GETECH Group, has bought shares for the fourth time in four months.
Yesterday, AIM-quoted GETECH said trading continues to recover in the second half. Management expects to report an operating profit in the six months to July 2010 but there will still be a loss for the year as a whole.
Stephens has been buying shares since the interim figures were released at the end of March. The latest purchase of 375,000 shares at 11p a share was larger than the previous three purchases put together. It cost £41,250.
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The purchase heappened today and the GETECH share price has slumped 5.5p to 13.5p. That is a 23% decline for the week as a whole. Stephens was able to acquire the shares at 11p each even though the bid/offer spread at the time was 17p/21p - it has since fallen to 12p/15p.
Stephens has previously acquired 70,000 shares at prices between 11p and 15p a share. He owns 1.448m shares in GETECH. That is equivalent to 4.95% of the company.
Top Director Buys
Centrica (CNA) Director name: Mr Paul A RaynerAmount purchased: 30,000 @ 305.70p Value: £91,710
Whitbread (WTB) Director name: Mr Richard Baker Amount purchased: 3,478 @ 1,438.79p Value: £50,041
GETECH Group (GTC) Director name: Mr Peter StephensAmount purchased: 375,000 @ 11.00p Value: £41,250
Ebiquity (EBQ) Director name: Mr Richard NicholsAmount purchased: 65,000 @ 61.00p Value: £39,650
Leo Insurance Services (LEO) Director name: Mr Stanley H DavisAmount purchased: 719,190 @ 2.25p Value: £16,182
Value and Income Trust (VIN) Director name: Mr David SmithAmount purchased: 9,558 @ 158.75p Value: £15,173
Leo Insurance Services (LEO) Director name: Mr Ronald Neil SinclairAmount purchased: 450,000 @ 2.25p Value: £10,125
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