Fairpoint chairman raises interest

Fairpoint non-executive chairman Matthew Peacock has added to his interest in the debt management business formerly known as Debt Free Direct.

Peacock is a partner in Hanover Investors Management and Hanover Investors Management (Cayman) has acquired 181,720 shares at 55p a share. This takes the total shareholding interests relating to Peacock to 24.53%. This is by far the largest stake in the company. Goldman Sachs is the next biggest shareholder with 7%.

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Fairpoint's interim figures showed a swing from a loss of £1.17m to a profit of £2.18m. Revenues were flat at £13.8m in the six months to June 2009. Analysts forecast a full year profit of around £6m. The shares are trading on less than six times prospective 2009 earnings.

Top Director BuysSymphony International Holdings (SIHL) Director name: Mr Anil ThadaniAmount purchased: 250,000 @ $0.60 Value: $149,800

Fairpoint Group (FRP) Director name: Mr Matthew PeacockAmount purchased: 181,720 @ 55.00p Value: £99,946

Develica Deutschland (DDE) Director name: Mr Grant N TromansAmount purchased: 2,250,500 @ € 0.03 Value: € 67,515

Jubilee Platinum (JLP) Director name: Mr Colin BirdAmount purchased: 185,000 @ 26.85p Value: £49,672

Associated British Foods (ABF) Director name: Mr Charles J F SinclairAmount purchased: 6,020 @ 823.50p Value: £49,575

Symphony International Holdings (SIHL) Director name: Mr Pierangelo BottinelliAmount purchased: 72,000 @ $0.55 Value: $39,600

Staffline Group (STAF) Director name: Mr Nicholas F KeeganAmount purchased: 15,000 @ 76.00p Value: £11,400

Top Director Sells

Digital Marketing (DIGI) Director name: Mr Ben LangdonAmount sold: 2,327,563 @ 43.00p Value: £1,000,852

Diageo (DGE) Director name: Mr Paul S WalshAmount sold: 92,281 @ 1,070.00p Value: £987,407

Halma (HLMA) Director name: Mr Adam MeyersAmount sold: 22,749 @ 244.80p Value: £55,690

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