The founder of Ocean Power Technologies has been busy selling shares in the wave power specialist, netting him over £200,000.
Between 13-15 April, George Taylor offloaded 50,000 shares at $5.78-$6.17 per share, leaving him with 764,801 shares, or 7.5% of the company.
He became chief executive in 1993, but resigned at the end of January to take on the executive chairman's role.
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
Third quarter results, released in March, revealed a $0.4m drop in revenue to $1m and net loss of $3.6m for the three months ended 31 January 2009 against $4m a year earlier.
"Financial results for the third quarter of fiscal 2009 were in line with our expectations," said chief executive Mark Draper.
Top Director Buys
Value: £374,844
Value: £98,000
Value: £17,608
Top Director Sells
Value: £205,695
Value: £43,493
Value: £19,600
Value: £14,125
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
