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
-
How to do a mid-retirement MOTYou may have heard of a midlife MOT, but experts say a mid-retirement MOT is also essential to ensure your finances are on track and your pension savings last as long as you do
-
Burberry’s share price surges despite collapsing profits and job cuts announcementBurberry’s share price has soared, despite collapsing profits and around 1,700 jobs potentially set to be cut, as markets assess the turnaround plan’s effectiveness
