Residential property services provider LSL Property bucked the market trend Thursday, boosted by news that boss Simon Embley has spent almost £400,000 on shares in the group.
Embley paid 31.5p each for 1.26m shares, taking his stake up to 9.3m, or nearly 9% of the company.
Yesterday, the company said turnover for the ten months to October fell 22.4%, as it bears the brunt of the property downturn.
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Surveying turnover was down by 6.4%, while estate agency and financial services turnover fell 33.3%.
The surveying division did only slightly worse than expected despite the greater than anticipated contraction in market activity levels.
Transaction volumes in the estate agency business have stabilised in recent weeks and are slightly ahead of expectations. The division is on course to perform slightly ahead of our expectations for 2008.
The group has seen its share price plunge more than 70% in the past 12 months.
Top Director Buys
European Goldfields Limited (EGU)
Director name: Mr Dimitrios Koutras
Amount purchased: 5,000,000 @ 90.90p
Value: £4,545,000
LSL Property Services (LSL)
Director name: Mr Simon Embley
Amount purchased: 1,260,000 @ 31.50p
Value: £396,900
Peter Hambro Mining (POG)
Director name: Mr Peter Hambro
Amount purchased: 40,000 @ 213.00p
Value: £85,200
Aggreko (AGK)
Director name: Mr Robert MacLeod
Amount purchased: 10,000 @ 432.50p
Value: £43,250
Whitbread (WTB)
Director name: Mr Stephen Williams
Amount purchased: 4,000 @ 800.00p
Value: £32,000
Tanzanite One (TNZ)
Director name: Mr Nicholas T Sibley
Amount purchased: 100,000 @ 29.50p
Value: £29,500
Fenner (FENR)
Director name: Mr Richard John Perry
Amount purchased: 20,000 @ 95.10p
Value: £19,020
Antisoma (ASM)
Director name: Mr Eric Dodd
Amount purchased: 50,000 @ 20.50p
Value: £10,250
Top Director Sells
Wolfson Microelectronics (WLF)
Director name: Mr Michael Ruettgers
Amount sold: 100,000 @ 76.88p
Value: £76,880
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