LONDON (ShareCast) - The Non-Executive Chairman of Spirent Communications has purchased £30,358-worth of shares in the FTSE 250-listed technology group.

Alexander Walker acquired 30,000 shares at 101.19p each.

He now holds a total of 213,014 shares.

The deal comes around a month after the company delivered an impressive set of first quarter results which revealed both revenue and profit were ahead of expectations, although Investec said that figures are "not as good as they appear on the surface".

Revenues rose 16% year-on-year to $112m in the three months to March 31st, while earnings before interest, tax and amortisation (EBITA) gained 9% to $11.4m. This was ahead of Investec’s $110m and $9.5m forecasts, respectively.

The broker kept its ‘hold’ rating and 105p target price for the communications technology group.


Top Director Buys

Everyman Media Group (EMAN)
Director name: Mr Paul Wise
Amount purchased: 50,000 @ 92.00p
Value: £46,000

Spirent Communications (SPT)
Director name: Mr Alexander Walker
Amount purchased: 30,000 @ 101.19p
Value: £30,357


Top Director Sells

Carnival (CCL)
Director name: Mr Micky Arison
Amount sold: 36,219 @ 2,382.67p
Value: £862,979

Croda International (CRDA)
Director name: Mr Sean Christie
Amount sold: 7,885 @ 2,485.10p
Value: £195,950

Croda International (CRDA)
Director name: Mr Steve Foots
Amount sold: 5,823 @ 2,485.10p
Value: £144,707

Mirada (MIRA)
Director name: Mr Rafael Martin Sanz
Amount sold: 400,000 @ 16.00p
Value: £64,000

Croda International (CRDA)
Director name: Mr Keith Layden
Amount sold: 2,459 @ 2,485.10p
Value: £61,109

Aquarius Platinum Ld (AQP)
Director name: Mr Jean Nel
Amount sold: 231,410 @ 24.98p
Value: £57,806

Aquarius Platinum Ld (AQP)
Director name: Mr Jean Nel
Amount sold: 73,500 @ 24.82p
Value: £18,243

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