Post-warning Tribal purchase
A round-up of the biggest director deals today so far.
Tribal non-executive director John Ormerod's wife Pamela has taken advantage of the post-profit warning fall in the share price to buy an initial 50,000 shares at 69.25p each.
The share price of the public sector and education services provider was more than 100p three weeks ago.
Ormerod was appointed to the board six days before the 27 October profit warning which came in the form of an interim management statement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
Tribal said that trading conditions are becoming more challenging. The majority of the regeneration division is being closed because of poor market conditions and lack of recovery prospects. These activities lost £1m in the nine months to September 2009 and it will cost £2.5m to close them plus £4m in goodwill write-offs.
Tribal believes that its underlying 2009 profit, excluding the regeneration business, will be similar to the £17.8m, before discontinued activities, reported last year.
Company secretary Richard Collins acquired 5,000 shares at 69.231p each on 3 November. That took his stake to 14,981 shares.
Top Director Buys
Value: £48,510
Value: £34,650
Value: £29,500
Value: £15,573
Value: £14,490
Top Director Sells
Value: £264,625
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
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published