Dillistone MD buys in after update

Dillistone's managing director Jason Starr bought into the recruitment software supplier on the back of an upbeat trading statement yesterday, the firm revealed today.

He bought 10,000 shares, paying 125p a time or a total of £12,550, and now has about 1.17m shares or 21.7% of the company.

Dillistone recovered some of last week's sharp dive after it said full year profit will at least match forecasts, and maybe even beat them.

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The AIM-listed firm said it continues to have a strong balance sheet, is cash generative and has no debt, it said in a brief statement Monday

"Dillistone expects its profit for the year ended 31 December 2008 to be at or slightly ahead of current market expectations."

Annual results are due on or about 15 April.

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