DIRECTORS at software group SciSys will be looking forward to the turn of the new year more than most.
Difficulties on two major contracts and order delays in the defence sector, one of its key markets, will see it record a substantial loss for 2007.
Shares have slumped by almost half since May, but the company's market value has shown signs of recovery recently as the business takes action to enter 2008 on a "firm basis".
Judging by director buying activity in recent weeks, board members believe their efforts to turn around the company's fortunes are paying dividends.
Last week Mike Love, executive chairman of the company, bought one million shares at 46.75p to take his holding to just over 3.5 million.
His purchase came four weeks after David Jones, a non-executive director, bought 95,000 shares at 41.25p each.
Three other directors also bought a combined 273,000 shares at 40.5p during October.
• David Shrigley, chief executive of Edinburgh-based Wolfson Microelectronics, has upped his stake as the company's shares hover around a two-year low.
He bought 25,000 shares at 208p each and now holds 49,200 shares.
• Guido Pas, a non-executive director at oil and gas firm Afren, has sold 200,000 shares at 100p each through a company he has a controlling interest in. He retains a stake of two million shares.
• Ryan Peterson, chief executive of technology group OCZ, has increased his holding after a profits warning.
He bought 400,000 shares at 58p per share to take his stake to 12.5 million shares.
• Directors at Royal Bank of Scotland have continued to buy after big falls in its share price.
Last week Colin Buchan and Bill Friedrich purchased 25,000 and 46,538 shares respectively at between 429p and 445p.
• Two directors at telecoms group Cable & Wireless have upped their holdings following strong first-half profits.
John Pluthero, head of UK operations, bought 277,000 shares at 179.9p. Finance director Tony Rice bought 150,000.