IndigoVision boffin spies selling opportunity

IndigoVision's chief technical officer Barry Keepence has cut his holding in the CCTV group after a sharp spike in the share price since August.

It is Keepeace's second sale of a small parcel of shares recently. In June, he sold 10,000 shares at 415p. The group, which uses internet-based digital technology to make surveillance systems, recently posted record results ahead of expectations and announced a maiden dividend.

Profit before tax for the year ended 31 July jumped to £3.26m from £2.04m in 2008 on revenue up 43% to a record £26.4m. The group will pay a dividend of 5p a share.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Following today's sale Keepence has an interest in 24,350 ordinary shares, representing approximately 0.3% of the issued share capital of the company.

Top Director Buys

Value: £1,059,999

Value: £268,125

Value: £82,800

Value: £21,606

Value: £684,430

Value: £32,000