Netcall chiefs cough up
A round-up of the biggest director buys today so far.
Bosses at Netcall have bought 1m shares in the telephone call-back software specialist, helping lift the price to a nine-month high.
Non-executive chairman Michael Jackson paid £108,000 for 800,000 shares at 13.5p each, giving him 1.3% of the company.
Henrik Bang, chief executive of the Cambridge-based business, increased his holding by 200,000 to 930,000, or 1.5% of the issued share capital, at the same price.
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
Netcall shares have rallied from 7.75p last September to 14p today, valuing the company at £8.76m. They've not been this high since June last year.
Its recovery began about six months ago when the group said second half revenue grew 13% compared with the first half, enabling it to restore margins during the period.
In January, Netcall reported a significant improvement in the six months to the end of December when sales rose by 19% to £2m. Operating profit before interest, share based charges and tax doubled to £0.4m.
Top Director Buys
Value: £108,000
Value: £39,098
Value: £31,800
Value: £27,000
Value: £23,850
Value: £17,760
Value: £15,900
Value: £11,235
Value: £10,750
Value: £10,455
Top Director Sells
Value: R424,800
Value: £110,442
Value: £90,350
Sign up for MoneyWeek's newsletters
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.
-
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"?
By Kalpana Fitzpatrick Published
-
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
By Katie Williams Published