LONDON (ShareCast) - Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble.

Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake in the financial software provider to less than 11%, having reduced its holding below 12% just a few days earlier.

Hamer's modest purchase topped up his holding in Fidessa to 53,495 shares, representing 0.14% of the issued share capital of the company.

Fidessa's shares have been under pressure since the end of April when the company warned that it expects market conditions to remain difficult for some time.

Far from drawing in its horns, however, the group plans to step up its spending on product development, as well as its investment in the infrastructure and expertise required to support new business opportunities.



Top Director Buys

Bank of America Corp. (BAC)
Director name: Mr Charles K Gifford
Amount purchased: 482,794 @ $7.36
Value: $3,553,364

New Europe Property Investments (NEPI)
Director name: Mr Martin Slabbert
Amount purchased: 400,000 @ € 3.28
Value: € 1,312,000

New Europe Property Investments (NEPI)
Director name: Mr Victor Semionov
Amount purchased: 250,000 @ € 3.28
Value: € 820,000

Lowland Investment Co (LWI)
Director name: Mr Robert Robertson
Amount purchased: 5,000 @ 848.00p
Value: £42,400

Terrace Hill Group (THG)
Director name: Mr Robert F M Adair
Amount purchased: 375,000 @ 9.75p
Value: £36,562

Terrace Hill Group (THG)
Director name: Mr Robert F M Adair
Amount purchased: 375,000 @ 9.61p
Value: £36,038

Eden Research (EDEN)
Director name: Mr Kenneth Williams Brooks
Amount purchased: 190,000 @ 12.92p
Value: £24,548

Eden Research (EDEN)
Director name: Sir Arthur Benjamin Norman Gill
Amount purchased: 187,000 @ 13.00p
Value: £24,310

Management Consulting Group (MMC)
Director name: Mr Nicholas Stagg
Amount purchased: 100,000 @ 21.72p
Value: £21,720

Fidessa Group (FDSA)
Director name: Mr John Hamer
Amount purchased: 1,078 @ 1,450.00p
Value: £15,631


Top Director Sells

Hiscox Ltd. (HSX)
Director name: Mr Bronek E Masojada
Amount sold: 144,070 @ 408.10p
Value: £587,950

Wood Group (John) (WG.)
Director name: Mr Mark Papworth
Amount sold: 53,392 @ 667.00p
Value: £356,125

Hiscox Ltd. (HSX)
Director name: Mr Bronek E Masojada
Amount sold: 33,838 @ 407.00p
Value: £137,721

Hiscox Ltd. (HSX)
Director name: Mr Roberts R S Childs
Amount sold: 33,838 @ 405.27p
Value: £137,135

Hiscox Ltd. (HSX)
Director name: Mr Roberts R S Childs
Amount sold: 33,838 @ 405.20p
Value: £137,112

Big Yellow Group (BYG)
Director name: Mr Nicholas Vetch
Amount sold: 20,000 @ 286.00p
Value: £57,200


JH

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