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Sheryl Tye, finance director at International Greetings, has spent just under £10,000 on shares in the greetings card group.
The acquisition of 26,000 shares at 38p each cost £9,880, that's far more than they would have cost just a week ago.
International Greetings shares rallied from about 23p ahead of full year results on 29 July and have continued climbing since. They closed up 5% at 39.5p Monday.
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Annual revenue from continuing operations increased by 13% and the maker of gift wrap, crackers, cards, stationery and accessories is eyeing a return to profitability in 2009/10.
Loss from continuing operations, before significant items and tax narrowed to £0.3m from £8.1m a year earlier. Revenue rose to £216.9m from £191.7m.
Top Director Buys
Value: £19,125
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Value: £53,375
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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