Netcall chiefs cough up

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.

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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.

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