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.

Chief financial officer Fraser Park, also buying his first stake, bought 73,700 at the same price.

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