LONDON (ShareCast) - Vice Admiral Bob Cooling, who sits on the board of Quindell in a non-executive capacity, has continued to build his stake in the company just a week after it said it expected its profits to meet the upper end of market expectations for the full-year.

The outsourcing company said Cooling had added 281,000 shares to his existing stake of 7m shares, spending a total of £59,713 on the purchase.

After experiencing a strong fourth quarter, the company, which outsources to insurance and telecommunication sectors, predicted full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £131m, pre-tax profit of £128.8m and earnings per share of 2.4p.

The Solutions Division contributed about one-third of the group’s profit in the year, with a particularly strong cash generation profile.

A record fourth quarter of revenue and profits also helped to boost annual profits.


Top Director Buys

Quindell (QPP)
Director name: Mr Robert (Bob) Cooling
Amount purchased: 281,000 @ 21.25p
Value: £59,712

Murray International Trust (MYI)
Director name: Dr Kevin Carter
Amount purchased: 5,000 @ 971.50p
Value: £48,575

Rolls-Royce Holdings (RR.)
Director name: Mr James M Guyette
Amount purchased: 2,969 @ 1,287.36p
Value: £38,222

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE