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Director dealings: Time Finance director makes share purchase

(Sharecast News) - Time Finance revealed on Thursday that non-executive director Paul Hird had acquired 86,930 ordinary shares in the AIM-listed finance provider. Hird, who was appointed to the board of Time Finance back in September, purchased the shares on Wednesday at an average price of 28.28p each, for a total value of £24,583.80.

Back in March, Time Finance reported impressive growth in profits and revenues for the first nine months of its financial year. It said own-book lending origination rose by 34% to £52.9m in the third quarter ended 28 February, up from £39.5m a year earlier. Revenue increased 28% to £20.0m, while profit before tax surged 172% to £3.0m.

As of 1640 BST, Time Finance shares were up 3.30% at 29.44p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Time Finance (TIME) Director name: Hird ,Paul Amount purchased: 86,930 @ 28.28p Value: �24,583.80

Spirent Communications (SPT) Director name: Bullard,Gary Amount purchased: 25,000 @ 92.07p Value: �23,016.35

Itaconix (ITX) Director name: Denner,Laura Amount purchased: 1,276 @ $1.85 Value: $1,946.57

Johnson Matthey (JMAT) Director name: Oxley,Stephen Amount purchased: 27 @ 1,516.47p Value: �409.45

Johnson Matthey (JMAT) Director name: Condon,Liam Amount purchased: 27 @ 1,516.47p Value: �409.45

Pz Cussons (PZC) Director name: Pollard,Sarah Amount purchased: 108 @ 138.60p Value: �149.69

Pz Cussons (PZC) Director name: Myers,Jonathan Amount purchased: 108 @ 138.60p Value: �149.69

Top Director Sells

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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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