Xaar director takes first stake
A round-up of the biggest director deals today so far.
Phil Eaves, sales and marketing director at the inkjet technology group Xaar, has bought his first stake in the company, spending just less than £100,000 on shares the day after the company posted a slump in profits.
He took 172,249 shares at 57.75p a time yesterday, the company announced today.
On Monday, Xaar said 2008 proved to be both a "difficult and disappointing" year as revenues and profits slumped.
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
Pre-tax profit for the year to December fell to £4.4m from £7.3m in 2007 on turnover that fell to £42.0m against £47.9m in the same period last year.
"Revenue and profit for the year were significantly below what we achieved in 2007, although we have remained profitable," it said.
It added that it has managed costs carefully, maintained good cash flow and again ended the year with a healthy net cash balance.
The group also maintained its full year dividend at 2.5p for the year.
"Despite the unpredictable economic climate and slower than desired rate of adoption of technological change in the commercial and industrial printing market, the board remains optimistic that Xaar has the right products now and is developing the right products for the future," said the group.
Top Director Buys
Value: £375,801
Value: £254,858
Value: £177,389
Value: £99,560
Value: € 25,004
Value: £14,915
Value: £13,650
Top Director Sells
Value: £85,029
Value: £65,600
Value: £65,327
Value: £31,813
Value: £27,360
Value: £26,595
Value: £26,260
Value: £21,875
Value: £12,317
-
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.
By Marc Shoffman Published
-
How to invest in copper
It 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
By Dominic Frisby Published