Date: Thursday 23 Aug 2012
LONDON (ShareCast) - John Warren, a Non-Executive Director of promotions company 4imprint Group, has purchased himself a chunk of shares less than a month after the company reported a strong first half which saw a 50 per cent increase in pre-tax profits.
Warren bought 5,000 shares at 300.62p each for a total of £15,031, his only holding in the company.
At the beginning of August 4imprint posted profit before tax of £2.46m (H1 2011: £1.64m) on revenues of £88.36m, up 17% from £75.84m. Underlying operating profit was up 21% at £3.39m (H1 2011: £2.80m). Underlying basic earnings per share were up 25% at 8.61p (H1 2011: 6.89p).
The firm's 4imprint Direct Marketing business saw revenue increase by 17% compared to the same period the previous year (constant currency: 14%), pushed higher by a 22% rise in existing customer orders.
Revenue from the SPS business increased eight per cent with the underlying operating profit up by £0.25m as a result of a stable gross margin and control over costs.
Peter Saxton, the Chief Financial Officer at Bango, a mobile web payments and analytics company, made a much more sizeable transaction, selling off 386,701 shares at 179.50p each for a total of £694,128.
Saxton, who joined Bango in 2004, provides the financial leadership, direction and policy guidance to the company.
Top Director Buys
Rights & Issues Inv Trust Income Shares (RIII)
Director name: Mr David Bramwell
Amount purchased: 2,625 @ 675.00p
Value: £17,719
4Imprint Group (FOUR)
Director name: Mr John Warren
Amount purchased: 5,000 @ 300.62p
Value: £15,031
Top Director Sells
Bango (BGO)
Director name: Mr Peter Saxton
Amount sold: 386,701 @ 179.50p
Value: £694,128
Hiscox Ltd. (HSX)
Director name: Mr Robert Hiscox
Amount sold: 8,634 @ 457.60p
Value: £39,509
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