Sepura director tunes in again
A round-up of the biggest director deals today so far.
Former Goldman Sachs heavy hitter Sion Kearsey has topped up his holding in Sepura following the TETRA radio supplier's interim results on Thursday.
Kearsey, a founding member of Sepura, spent £94,771 on 242,380 shares purchased at 39.10p each.
The purchase takes his direct holding in the company above 14m shares, representing 10.3% of the company's total voting rights. He also has an indirect interest in just over 3m Sepura shares through Kelso Place Asset Management, a private equity firm specialising in acquiring controlling interests in UK based companies.
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
Prior to establishing Kelso Place Kearsey was a managing director of Goldman Sachs International in the Fixed Income, Currencies and Commodities Division. He is a non-executive director of Sepura.
On Thursday, Sepura saw interim profits fall to £4.6m from £5.2m before on flat revenues of £32.8m, though it still managed to pay an interim dividend of 0.42p versus nil last year. The board said the decline in interim pre-tax profits was expected, given the tough comparatives a year before.
"Predicting the exact timing of orders continues to be difficult and this is being exacerbated by the current economic conditions. The board expects full year revenue growth to be modest," said the group.
Top Director Buys
Value: £499,998
Value: £315,000
Value: £195,000
Value: £94,771
Value: £50,600
Value: £49,497
Value: £49,036
Value: £41,600
Value: £38,650
Value: £27,720
Top Director Sells
Value: £600,400
Value: £870,909
Value: £551,575
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published