Directors at bus maker Optare bought millions of shares in the company at the end of last week, it announced today.
Chairman John Fickling bought nearly 1m shares at 5p a time as did chief executive Jim Sumner. They now have some 2m shares (1.81% of the company) and 1m shares respectively.
Directors Mike Dunn, David Stonehouse and David Maughan also bought sizeable stakes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
In May Optare reported a loss £12m in 2008 reflecting costs of integrating two new businesses in difficult trading conditions.
Optare has manufacturing facilities in Blackburn and Leeds as well as service centres in West Thurrock near London and Cumbernauld near Glasgow.
Top Director Buys
Value: £70,000
Value: £49,465
Value: £49,465
Value: £19,384
Value: £17,782
Value: £10,000
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
