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