Director Dealings: Nexus shares still shaky but executives show faith

WITH a market capitalisation of just over £3 million, IT services group Nexus Management is one of the Alternative Investment Market's smallest companies.
By The Newsroom
Published 19th Jun 2010, 16:03 BST
Updated 19th Jun 2010, 16:58 BST

Last month the company, which provides services such as help desks and disaster recovery facilities in the UK and US, announced a return to profitability after a difficult time.

It also said it was seeing a small improvement in trading conditions in its US operations and that it is well-placed to take advantage of any further improvement.

Hide Ad
Hide Ad

Shares in the company continue to trade more than 70 per cent off their year high but two directors demonstrated confidence in its prospects last week with purchases. Roger Richardson, chief executive, bought 325,000 shares and finance director Peter Weller bought 152,333 shares, all at around 0.3p each. They together own almost four per cent of the company's share capital.

• Two directors at Aggreko have reduced their family holdings in the Glasgow company after its strong share price rise of late.

Chairman Philip Rogerson, sold 80,000 shares at 1443p each although his wife purchased 70,000 shares at the same price. Chief executive Rupert Soames, sold 343,632 shares and his wife purchased 300,000 shares.

• Sebastian Morley, chief executive of Fife-based security company Croma Group, has increased his stake with the purchase of 200,000 shares at 2.145p each. He now holds just over 23m shares, or 12.25 per cent of the share capital.

• Jack Perry, the former Scottish enterprise head, has bought his first stake in Robert Wiseman Dairies since becoming a non-executive director. He acquired 5,000 shares at 500p each.

• The wife of Sir Muir Lockhead, the chief executive of transport operator FirstGroup, has sold 100,000 shares at 394.2p a time.

The couple still hold around 1.1 million shares.

• John Hutson, chief executive of pub operator JD Wetherspoon, has sold 30,000 shares at 429p each to reduce his stake to 61,628 shares.

• Barry Rourke, a non-executive director at coal mining group New World Resources, has sold 30,000 shares at 736.8p each although retains a stake of 55,843 shares.

• Jeffrey Meyer, chief executive of finance group Gartmore, has led several directors in buying shares.

Meyer bought 300,000 shares at 116.23p each. He now owns nearly four million shares.