LONDON (ShareCast) - Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases.

Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price.

Later in the day he forked out another £100,000 at the price of 100p.

The iodine explorer and producer blamed sales delays as the reason why 2013 revenue and underlying pre-tax earnings were likely to be flat, with expected 2013 shipments from its chemical division being delayed until 2014.

Iodine prices dropped more than a fifth during the year, although Iofina said it was better placed than rivals to manage the fall due to lower costs.

It also said it believed the price of iodine will stabilise and may begin to rise in the second half of 2014.

Shares in the group have been as high as 247p this year.

Elsewhere, Carpetright Chairman Lord Harris and Business Development Director Martin Harris sold 1,500,000 shares at 530p per share for what they said was "personal wealth management reasons".

With the shares having fallen from near 700p to below 550p in recent months, as first-half results showed falling like-for-like sales, investors might not take too much confidence from that.



Top Director Buys

Mar City (MAR)
Director name: Mrs Margaret Anne Ryan
Amount purchased: 161,209,376 @ 8.00p
Value: £12,896,750

Mar City (MAR)
Director name: Mr Patrick Anthony Ryan
Amount purchased: 161,209,376 @ 8.00p
Value: £12,896,750

Mar City (MAR)
Director name: Mr Hamilton D. Anstead
Amount purchased: 13,468,493 @ 8.00p
Value: £1,077,479

Karelian Diamond Resources (KDR)
Director name: Professor Richard Conroy
Amount purchased: 31,325,000 @ 1.50p
Value: £469,875

Iofina (IOF)
Director name: Dr Chris E Fay
Amount purchased: 50,000 @ 101.00p & 100,000 @ 100.00p
Value: £150,500

Bodycote (BOY)
Director name: Ms Eva Lindqvist
Amount purchased: 5,000 @ 628.70p
Value: £31,435

Atlantic Coal (ATC)
Director name: Mr Adam Wilson
Amount purchased: 12,500,000 @ 0.22p
Value: £27,500

International Ferro Metals Group (IFL)
Director name: Mr John Ballard
Amount purchased: 100,000 @ 10.23p
Value: £10,230


Top Director Sells

Carpetright (CPR)
Director name: Mr Martin Harris
Amount sold: 800,000 @ 530.00p
Value: £4,240,000

Eckoh (ECK)
Director name: Mr Adam Moloney
Amount sold: 750,000 @ 28.12p
Value: £210,900

Victrex (VCT)
Director name: Mr D R Hummel
Amount sold: 11,265 @ 1,650.06p
Value: £185,879

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 12,000 @ 472.00p
Value: £56,640

Victrex (VCT)
Director name: Mr Andrew Stephen Barrow
Amount sold: 2,372 @ 1,650.06p
Value: £39,139

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