Psion directors open accounts

A round-up of the biggest director deals today so far.

Three directors at the mobile computer software firm Psion bought into the company Thursday, spending a combined total of about £130,000.

Chief executive John Conoley bought 14,800 at 47.52p a time, his first purchase of shares in the group.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

Andy Clegg, senior vice president of supply chain and services, paid the same price a share for 188,500 and now has 514,448.

Last week Psion said results were in line with the expectations despite the difficult economic environment.

The group however turned into pre-tax losses of £7.6m from profit of £10m last year due to the £15m exceptional operating cost related to restricting and litigation costs. Revenue came in at £199.4m (2007: £199.7m).

Sales in Asia declined markedly, it said, adding that as previously announced, unauthorized transactions may have occurred in Japan, leading to litigation with a number of parties.

Top Director Buys

Value: £144,050

Value: £89,538

Value: £50,000

Value: £45,600

Value: £40,180

Value: £35,008

Value: £33,750

Value: £22,500

Value: £22,286

Value: £16,955

Top Director Sells

Value: £236,760

Value: £201,500

Value: £152,496

Value: £120,189

Value: £36,216

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.