By Iain Gilbert
Date: Thursday 14 Jun 2018
LONDON (ShareCast) - (Sharecast News) - Simon Embley, chairman of the UK's second-largest estate agent chain LSL Property Services, purchased 675,924 ordinary shares in the firm on Thursday, increasing his total shareholding in the firm to 6.77m ordinary shares, or 6.51% of its issued share capital.
Embley, who previously served as LSL's chairman from 2004 before switching to his current role in 2015, acquired the shares at an average cost of 255.16p each, a total of £1.72m.
LSL Property Services announced its preliminary results for the year ended 31 December back in March, with the board reporting "robust performance" in subdued market conditions.
The London-listed company said full-year group underlying operating profit was up 8% to £37.5m, with group adjusted EBITDA ahead 7% at £42.7m. Group revenue rose 1% to £311.5m.
It wasn't an entirely rosy picture, however, with LSL's group operating profit slipping 36% to £42.1m and its profit before tax sliding 37% to £40.1m.
As of 1630 BST, LSL shares had picked up 1.92% to 265p.
Top Director Buys
Lsl Property Services (LSL)
Director name: Embley,Simon
Amount purchased: 675,924 @ 255.16p
Value: £1,724,687.66
Redt Energy (RED)
Director name: Marren,Jonathan Anthony Frank
Amount purchased: 1,521,907 @ 6.20p
Value: £94,358.23
Rockrose Energy (RRE)
Director name: Pawson,Steve
Amount purchased: 9,772 @ 365.90p
Value: £35,755.75
Dx (group) (DX.)
Director name: Series ,Ronald
Amount purchased: 280,000 @ 10.12p
Value: £28,343.00
Renold (RNO)
Director name: Landless,David F
Amount purchased: 35,000 @ 31.60p
Value: £11,060.00
Dx (group) (DX.)
Director name: Series ,Ronald
Amount purchased: 50,000 @ 0.96p
Value: £481.12
Superdry (SDRY)
Director name: Sutherland ,Euan
Amount purchased: 12 @ 1,253.00p
Value: £150.36
Superdry (SDRY)
Director name: Cartwright,Andrea
Amount purchased: 12 @ 1,253.00p
Value: £150.36
Top Director Sells
Draper Esprit (GROW)
Director name: Chapman,Stuart Malcolm
Amount sold: 500,000 @ 476.00p
Value: £2,380,000.11
Draper Esprit (GROW)
Director name: Cook,Simon Christopher
Amount sold: 500,000 @ 476.00p
Value: £2,380,000.11
Jupiter Fund Management (JUP)
Director name: Carter,Edward Bonham
Amount sold: 42,290 @ 471.00p
Value: £199,185.90
Redt Energy (RED)
Director name: Marren,Jonathan Anthony Frank
Amount sold: 1,521,907 @ 6.20p
Value: £94,327.80
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