26th Jan 2016 17:05
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Purplebricks Group said two of its top executives bought a total of 620,000 shares on the same day as the newly listed company posted a widened loss on Tuesday.
Chief Executive Officer Michael Bruce bought 320,000 shares at 78.00p each. He now holds a beneficial interest in 41.2 million shares, equating to a 17.2% stake.
In a separate statement, Purplebricks said Chairman Paul Pindar bought 300,000 shares at 78.16p each. He now holds 11 million shares, or a 4.6% stake.
Purplebricks on Tuesday posted a widened loss for the first half of its financial year as it spent heavily on rolling out its offering, but the so-called 'hybrid' estate agent saw its revenue boom as it continued its rapid growth.
The company, which does not operate any high street branches and instead employs 'local property experts' who advise customers through the process of selling their home, said its pretax loss for the six months to the end of October was GBP6.4 million, compared to a GBP2.5 million loss a year earlier.
The loss resulted from sales and marketing costs the company booked as it added to its business.
Purplebricks listed in the AIM All-Share Index in December.
The stock closed up 11% at 83.34p Tuesday.
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Dixons Carphone said Tony DeNunzio, senior independent director, bought 50,000 shares at a price of GBP4.5995 each on Tuesday.
The purchase is his only holding after being appointed in December.
The electricals retailer, on Tuesday, said it expects pretax profit for its full financial year to be slightly ahead of consensus after achieving growth in line-for-like revenue over the key Christmas trading period. It said like-for-like sales at constant currency rose 5% in the 10 weeks to January 9, with a record Black Friday in late November.
Dixons said it now expects group headline pretax profit for the full year to May to be within the range of GBP440 million and GBP450 million, which is slightly ahead of consensus. Dixons added that the Sprint store trial in the US was successful and that it has signed an agreement with Sprint to fully activate the joint venture for a targeted 500 stores.
The stock closed down 2.3% at 456.50p Tuesday.
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Booker Group said Molly Easton, the daughter of Non-Executive Director Karen Jones, bought 6,740 shares at a price of 154.47 pence per share on Tuesday. Following this transaction, Jones holds 100,000 shares directly, while her connected party consisting of Max and Molly Easton hold 27,742 and 33,159 shares, respectively. The company also said Non-Executive Director Gary Hughes bought 20,000 shares at 154.58p each on Monday. The purchase is his only holding. Shares in the food wholesaler closed up 0.1% at 156.11p Tuesday.
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Brewer SABMiller said John Bowman, managing director of its Africa region, bought 4,490 shares at a price of 4,186 pence per share on Monday. His total shareholding following the GBP187,951 purchase was undisclosed. SABMiller last Thursday said reported net producer revenue declined in the third quarter of its financial year as the strong dollar continued to harm results, although it grew on an underlying basis, boosted by growth in most of its operating regions. The Anglo-South African drinks company is in the process of being taken over by Belgium-based Anheuser-Busch InBev SA. The stock closed flat 4,190.62p Tuesday.
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Lowland Investment Co said Non-Executive Director Robert Robertson bought 5,000 shares at a price of 1,175 pence per share on Tuesday. Following this transaction, Robertson holds 51,225 shares, which represents 0.19% stake in the trust. The stock closed up 0.5% at 1,188.00p Tuesday.
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Gold Miner Condor Gold said Non-Executive Director Jim Mellon bought 160,000 shares at a price of 27 pence per share on Monday. Following this transaction, Mellon has a direct interest in 198,820 and indirect interest in 4.5 million shares representing a combined interest of 4.7 million shares or a 10.26% stake in the company. Condor Gold last Friday revealed important financial projections for its La India project in Nicaragua which shows the project is currently worth around 16-times more than the company. The stock closed up 20% at 33.00p Tuesday.
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Ideagen said Chief Executive Officer David Hornsby bought 42,000 shares at a price of 47.5 pence per share on Tuesday. Following this transaction, Hornsby holds 9.4 million shares, which represents a 5.3% stake in the firm. Ideagen on Tuesday said its sales momentum continued through the third quarter of its financial year, as the information management software company reported that it swung to a first-half pretax loss. Shares in the software provider closed down 3.0% at 47.00p
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Record said the wife of Non-Executive Director Cees Schrauwers bought 100,000 shares at a price of 25.25 pence per share last Friday. Following this transaction, Schrauwers holds a total beneficial interest in 330,000 shares. Record last Friday said its assets under management equivalent increased in the third quarter to the end of December, as growth in its passive hedging and currency for return mandates offset a fall in dynamic hedging. Shares in the currency manager closed down 1.8% at 24.55p Tuesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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