Johan Goossens, the non-executive director of Cryo-Save, has taken advantage of the recent slump in the stem cell storage firm's share price by increasing his stake to over 16%.
Goossens spent £116,000 to buy 800,000 shares at 14.5p each, increasing his stake to 7.5m shares, or 16.21%.
Shares in last month have fallen by over a half in the group after it scaled back expectations for the second half and beyond due to the recent economic turmoil.
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
It expects samples stored for the second half to be broadly in line with the 12,537 stored in the first half, while profitability the following year will be 'significantly below market expectations'.
Top Director Buys
Value: £173,124
Value: £116,000
Value: £50,250
Value: £45,000
Value: £24,000
Value: £21,600
Value: £21,600
Value: £19,900
Value: £15,000
Value: € 12,697
Top Director Sells
Value: £791,560
Value: $79,600
Value: $73,900
Value: £10,139
-
House prices rise 2.9% – will the recovery continue?House prices grew by 2.9% on an annual basis in September. Will Budget policies and ‘higher-for-longer’ rates dent the recovery?
-
Nvidia earnings: what to expectNvidia announces earnings after market close on 20 November. What should investors expect from the semiconductor giant?
