LONDON (ShareCast) - It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday.

Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000 shares in Pressure Technologies, equal to a stake of 0.62%.

The firm, which specialises in technology for the containment and control of liquids and gases in pressure systems, saw its share price reach a 52-week closing high of 217.5p last week. Following the purchase on Monday, the shares jumped again to a fresh high of 235p.

Last month, Pressure Technologies announced that revenues in the first half (ended March 30th) totalled £16.4m, up 30% from the year before, while pre-tax profit more than doubled from £0.46m to £1.33m.

Chairman Alan Wilson said: "The interim results show the benefits of the board's diversification strategy and these, combined with on-going opportunities, give us considerable optimism for the future."



Top Director Buys


Pressure Technologies (PRES)
Director name: Mr Nigel Luckett
Amount purchased: 18,000 @ 217.50p
Value: £39,150

IDOX (IDOX)
Director name: Mr Martin Brooks
Amount purchased: 68,500 @ 36.40p
Value: £24,934

Frontier Mining Ltd (DI) (FML)
Director name: Mr Yerlan Zhenisovitch Aliyev
Amount purchased: 752,000 @ 1.75p
Value: £13,160


Top Director Sells

Signet Jewelers Ltd. (SIG)
Director name: Mr Ronald (“Ron”) Ristau
Amount sold: 3,760 @ 4,674.97p
Value: £175,779

Signet Jewelers Ltd. (SIG)
Director name: Mr Thomas Plaskett
Amount sold: 1,500 @ 4,640.96p
Value: £69,614

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