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Director dealings: Purplebricks chair makes most of early share slump

(Sharecast News) - Purplebricks was at the top of the list of director buys on Tuesday, as its chairman made the most of a morning slump in its share price. The online estate agent disclosed that non-executive chair Paul Pindar purchased 2.5 million shares on the London Stock Exchange.

Pindar paid 14.76p for each share, spending a total of £368,999.99 in the process.

Following the transaction, Purplebricks said Paul and Sharon Pindar together held 14,081,056 of its shares, representing 4.59% of its total issued capital.

Purplebricks shares slumped as low as 14p in early trading on Tuesday, after it revealed a full-year loss as it struggled to execute a new operating model, while setting aside cash to cover problems at its lettings division.

The company, which tried to shake up the market as a fixed-fee agency, revealed in delayed results an operating loss of £42m in the 12 months to 30 April compared with a profit of £7m a year ago.

By 1452 BST, shares in Purplebricks Group had recovered and were trading up 0.17% at 15.02p.

Elsewhere, ProCook reported a purchase worth almost £18k made by its chief financial officer.

The company said Daniel Walden bought 50,000 shares on Monday for 35.6p apiece, valuing the transaction at £17,800.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Purplebricks Group (PURP) Director name: Pindar,Paul Amount purchased: 2,500,000 @ 14.76p Value: £368,999.99

Kerry Group 'a' Shares (cdi) (KYGA) Director name: Rogers ,Christopher Amount purchased: 1,000 @ 102.90 Value: 102,900.00

Intertek Group (ITRK) Director name: Allan,Graham Amount purchased: 1,400 @ 4,240.00p Value: £59,360.00

Solid State (SOLI) Director name: Magowan,Peter Amount purchased: 2,927 @ 1,025.00p Value: £30,001.75

Intertek Group (ITRK) Director name: Allan,Graham Amount purchased: 600 @ 4,250.00p Value: £25,500.00

Solid State (SOLI) Director name: James,Peter Owen Amount purchased: 2,439 @ 1,025.00p Value: £24,999.75

Icg Enterprise Trust (ICGT) Director name: Nicholls,Janine Amount purchased: 2,219 @ 1,126.00p Value: £24,985.94

Vianet Group (VNET) Director name: Panu,Stella Amount purchased: 30,000 @ 67.00p Value: £20,100.00

Solid State (SOLI) Director name: Macmichael,John Amount purchased: 1,951 @ 1,025.00p Value: £19,997.75

Solid State (SOLI) Director name: Rogers,Nigel Amount purchased: 1,951 @ 1,025.00p Value: £19,997.75

Solid State (SOLI) Director name: Haining,Peter Amount purchased: 1,951 @ 1,025.00p Value: £19,997.75

Solid State (SOLI) Director name: Richards,Matthew Thomas Amount purchased: 1,951 @ 1,025.00p Value: £19,997.75

Procook Group (PROC) Director name: Walden,Daniel (Dan) Amount purchased: 50,000 @ 35.60p Value: £17,800.00

Sdx Energy Inc. (di) (SDX) Director name: Reid ,Mark Amount purchased: 150,000 @ 10.25p Value: £15,375.00

Insig Ai (INSG) Director name: Bernstein,Richard Amount purchased: 40,000 @ 28.00p Value: £11,200.00

Solid State (SOLI) Director name: Marsh,Gary Amount purchased: 976 @ 1,025.00p Value: £10,004.00

Altitude Group (ALT) Director name: Feltham,Graham Amount purchased: 20,584 @ 24.29p Value: £4,999.85

Sdx Energy Inc. (di) (SDX) Director name: Reid ,Mark Amount purchased: 50,000 @ 9.94p Value: £4,970.00

Integrated Diagnostics Holdings (IDHC) Director name: El Sherbini,Hend Amount purchased: 5,000 @ $0.81 Value: $4,025.00

Actual Experience (ACT) Director name: Steele ,Richard Amount purchased: 35,774 @ 2.85p Value: £1,019.56

Actual Experience (ACT) Director name: Page,Dave Amount purchased: 32,600 @ 2.85p Value: £929.10

Actual Experience (ACT) Director name: Bennetts,Steve Amount purchased: 27,521 @ 2.85p Value: £784.35

Actual Experience (ACT) Director name: English ,Kirsten Amount purchased: 23,917 @ 2.85p Value: £681.63

Actual Experience (ACT) Director name: Carsberg,Bryan Amount purchased: 14,030 @ 2.85p Value: £399.86

Actual Experience (ACT) Director name: Davidson,Stephen Amount purchased: 12,861 @ 2.85p Value: £366.54

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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