News

Yaacov Kotlicki, chairman of Visonic, spent £1.1m in the securities systems specialist following last month's drop in half-year profits.

Kotlicki increased his stake by 4.8% to 71.56% after he bought 2m shares at 55p each.

Last month, Visonic posted a decline in pre-tax profit to $1m for the six month to 30 June, against $4.4m last time.

The firm previously alarmed its shareholders after issuing two profit warnings this year.
Top Director Buys

Acambis (ACM)
Director name: Dr Michael Watson
Amount purchased: 10,000 @ 12,400.00p
Value: £1,240,000

Visonic (VSC)
Director name: Mr Yaacov Kotlicki
Amount purchased: 2,000,000 @ 55.00p
Value: £1,100,000

Thomas Cook Group (TCG)
Director name: Mr Manny Fontela-Novoa
Amount purchased: 70,643 @ 280.31p
Value: £198,019

Thomas Cook Group (TCG)
Director name: Dr Dr Thomas Middelhoff
Amount purchased: 70,000 @ 282.46p
Value: £197,722

Gartmore Fledgling Trust (GMF)
Director name: Mr Peter F Dicks
Amount purchased: 15,000 @ 405.00p
Value: £60,750

IQE (IQE)
Director name: Mr Godfrey Ainsworth
Amount purchased: 260,500 @ 20.29p
Value: £52,855

Sinclair Pharma (SPH)
Director name: Mr Andrew Sinclair
Amount purchased: 60,000 @ 82.50p
Value: £49,500

Vernalis (VER)
Director name: Dr Peter Fellner
Amount purchased: 252,000 @ 16.25p
Value: £40,950

Management Consulting Group (MMC)
Director name: Mr Alan Barber
Amount purchased: 88,000 @ 40.00p
Value: £35,200

Fortune Oil (FTO)
Director name: Mr Li Ching
Amount purchased: 500,000 @ 6.00p
Value: £30,000
Top Director Sells

Quayle Munro (QYM)
Director name: Mr Moray D Watt
Amount sold: 2,885 @ 1,462.50p
Value: £42,193