News

Printing.com continued its recovery today as directors bought into the franchised printing retail outlet following a dire performance during the past month.

In late July, the group warned that trading had been soft resulting in transactional volumes below expectations, causing it to take a cautious view in the short term.

The shares tumbled from more than 65p to 42.5p, their lowest in over a year.

Chief executive Tony Rafferty decided the fall has gone far enough as he splashed out almost £50,000 on 104,000 shares at 48p each. He now owns 9.16m shares or 20.47% of the group.

Chairman George Hardie coughed up nearly £25,000 for 52,000 at the same price, while operations director Peter Gunning acquired 20,800 shares, also at 48p.

Top Director Buys

Printig.com (PDC)
Director name: Mr Tony Rafferty
Amount purchased: 104,138 @ 48p
Value: £49,986

Printig.com (PDC)
Director name: Mr George Hardie
Amount purchased: 52,056 @ 48p
Value: £24,987

Printig.com (PDC)
Director name: Mr Peter Gunning
Amount purchased: 20,806 @ 48p
Value: £9,987

Volex (VLX)
Director name: Mr Richard Arkle
Amount purchased: 25,000 @ 117.00p
Value: £29,250

Education Development International (EDD)
Director name: Mr Barrie Clark
Amount purchased: 250,000 @ 11.00p
Value: £27,500

Immedia Broadcasting (IME)
Director name: Mr Trevor N Brookes
Amount purchased: 234,820 @ 10.00p
Value: £23,482

Top Director Sells

Mears Group (MER)
Director name: Mr David John Robertson
Amount sold: 100,000 @ 286.50p
Value: £286,500

Western Canadian Coal Corporation (WTN)
Director name: Mr Gary K Livingstone
Amount sold: 61,500 @ 109.10p
Value: £67,096