Date: Thursday 03 Apr 2014
LONDON (ShareCast) - A couple of hefty share purchases from directors in AIM-listed Toumaz sent the 'internet of things' company's shares flying on Thursday.
Chief Executive Anthony Sethill bought £48,450 worth of shares at 3.23p, while Chairman Sir Richard Steeves topped that by shelling out £420,050 at 3.88p and mostly 3.05p.
Toumaz had put out an encouraging set of final results on Monday, when Sethill cited a "key year" in the company's development, adding that "the building blocks for growth are now firmly in place".
Toumaz's ultra-low power wireless technology have a wide range of potential applications, with the company so far focusing on products in healthcare monitoring and digital audio, with deals signed last year with Spotify and Imagination Technologies.
Its wireless healthcare division earlier in March extended the sales reach of its SensiumVitals vital signs monitor to 12 countries, with a highly experienced direct sales force recruited for what the company sees as a "game changer" for patient safety and healthcare economics.
The share purchases drew investor attention to management's bullishness, and the share price had leapt 20% to 4.5p by 15:00 on Thursday.
Top Director Buys
Toumaz Limited (TMZ)
Director name: Dr Richard Martin Steeves
Amount purchased: 12,500,000 @ 3.05p
Value: £381,250
G4S (GFS)
Director name: Mr John Connolly
Amount purchased: 100,000 @ 246.02p
Value: £246,020
Eclectic Bar Group (BAR)
Director name: Mr James (Jim) Fallon
Amount purchased: 60,241 @ 166.00p
Value: £100,000
Toumaz Limited (TMZ)
Director name: Mr Anthony Sethill
Amount purchased: 1,500,000 @ 3.23p
Value: £48,450
Toumaz Limited (TMZ)
Director name: Dr Richard Martin Steeves
Amount purchased: 1,000,000 @ 3.88p
Value: £38,800
Just Retirement Group (JRG)
Director name: Mr Shayne Deighton
Amount purchased: 25,000 @ 139.46p
Value: £34,865
Avingtrans (AVG)
Director name: Mr Stephen McQuillan
Amount purchased: 13,538 @ 167.45p
Value: £22,669
LMS Capital (LMS)
Director name: Mr Neil Lerner
Amount purchased: 26,137 @ 77.80p
Value: £20,335
Filtronic (FTC)
Director name: Mr Alan Robert Needle
Amount purchased: 50,000 @ 39.50p
Value: £19,750
Minera IRL Ltd. (MIRL)
Director name: Mr Daryl Hodges
Amount purchased: 79,500 @ 8.18p
Value: £6,503
Top Director Sells
St. Modwen Properties (SMP)
Director name: Mr Simon Clarke
Amount sold: 1,500,000 @ 380.00p
Value: £5,700,000
RENN Universal Growth Investment Trust (RUG)
Director name: Mr Ernest Fenton
Amount sold: 18,641 @ 297.00p
Value: £55,364
RENN Universal Growth Investment Trust (RUG)
Director name: Mr Andrew Charles Barker
Amount sold: 16,549 @ 297.00p
Value: £49,151
S&U (SUS)
Director name: Mr Anthony M V Coombs
Amount sold: 600 @ 2,030.00p
Value: £12,180
NR
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