Netalogue riding out recession

Published on Sunday 5 February 2012 00:00

E-COMMERCE specialist Netalogue Technologies recently said it was continuing to see good growth in demand despite difficult economic conditions.

In a trading update, the company said its strategy to license its e-commerce platform to third-party business solution providers was continuing to “develop positively”.

It said its cash position also remained strong and there were no borrowings.

Following the update, several directors went into the market to purchase shares at 2.15p.

In total, the six board members purchased more than 460,000 shares.

n Mark Davies, a non-executive director at mobile gambling specialist Probability, has bought his first stake in the company.

He purchased 32,894 shares at 76p each.

n Jonathan Nicholls, a non-executive director at packaging firm DS Smith, has bought 32,309 shares at 230.17p each.

The firm recently announced an agreed bid for the second largest packaging business in Europe, SCA Packaging.

n Another director at oil recycling specialist Hydrodec has bought shares following a positive trading update.

Chief executive Ian Smale bought 400,000 shares at 12.75p each. Last month non-executive director Andrew Black also increased his holding.

n Kate Swann, chief executive of retailer WH Smith, has sold more than £2.3 million worth of shares in the company. She disposed of 425,000 shares at 550.74p each.

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