Director Dealings: GoIndustry-DoveBid struggling to regain highs

Published on Thursday 22 July 2010 16:35

GOINDUSTRY-DoveBid specialises in helping companies get the most of their unwanted machinery and equipment.

The AIM quoted company, which values and sells surplus assets for customers across the world, last week said trading for the first half of the year was expected to be significantly ahead of expectations and that it expects to move back into profit after losses of 1.6 million in the first half of 2009.

Chief executive Jack Reinelt said the company was continuing to see increased demand for its services from new and existing companies.

Despite the positive trading update, shares in the company are still trading at less than half the highs seen over the past year. Max Steinkopf, a non-executive director, has increased his stake with the purchase of just over 12,000 shares at around 70p each. He now holds 17,052 shares.

• Peter Moon, a recently appointed non-executive director at AIM-listed fund manager First Property Group, has bought his first stake in the company with the purchase of 150,000 shares at 17.5p each.

• Ken Ford, a non-executive director at digital imaging technology group SDI, has bought his first stake in the company. Ford purchased 75,000 shares at 27p each for his pension plan.

• Neil Chapman, the senior independent director for industrial fastenings group Trifast, purchased 100,000 shares at 32p per share. He now holds 500,000 shares.

• Five directors at Healthcare Locums, which supplies temporary and permanent medical staff, have increased their holdings. Executive vice chairman Kate Bleasdale bought 6,905 shares, chief financial officer Diane Jarvis bought 4,500 shares, chief operating officer Mo Dedat bought 4,500 shares, Alan Walker bought 5,000 shares and non-executive director Alasdair Liddell bought 7,000 shares. The prices paid ranged from 144p to 148p. Shares in the company have fallen recently after the company said discussions over a bid approach had ended.

• Juan Pavez, a non-executive director at oil and gas explorer GeoPark, has invested heavily to up his holding. He spent 5.5m on 963,000 shares at 570p each. The move took his holding in the company, which has seen its market value more than double over the past 12 months, to just over 2 million shares.

• John Barton, deputy chairman of telecoms company Cable & Wireless Worldwide, has bought into the company following its share price fall last week. Barton and his wife Anne together bought 50,000 shares at 69.2p each to take their combined holding up to 150,000 shares.