Law Debenture Corp is at its highest in over six months on a good day for the markets and as non executive director Christopher Smith bought his first shares in the provider of services such as corporate and pension trusts.
Smith, managing director - corporate finance at JP Morgan Cazenove until his retirement at the end of 2008, paid almost £61,000, or 243.6p each, for 25,000 shares in the firm which is also a global investment trust.
Shares in the UK mid-cap hit 250p Tuesday, 20% higher than they were a month ago, nearly 40% better over two months and the best they've been since October last year.
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
At the end of March, the investment trust had most of its money in the UK (70.4%) and just under 14% in Europe.
Top Director Buys
Value: $159,998
Value: $159,998
Value: $159,998
Value: $159,998
Value: $159,998
Value: $159,998
Value: £60,900
Value: £29,970
Value: £44,000
Value: £38,430
Top Director Sells
Value: £163,104
Value: £31,550
Value: £25,980
