Date: Tuesday 19 Mar 2013
LONDON (ShareCast) - bwin.party digital entertainment announced Tuesday that one of its Non-Executive Directors has made two purchases following a report by the company admitting profits had suffered a sharp decline.
Geoff Baldwin on Friday purchased 226,000 shares at 147.83p, followed by a further 74,000 on Monday at 148.02p. Together the transactions cost the director £443,631.
The group said Friday that clean earnings before interest, tax, depreciation and amortisation fell 17% year-on-year from €199.3m to 164.9m to reflect flat revenue, increased gaming taxes and compliance costs.
The company was hit by the introduction of a 5.0% turnover tax on sports betting in its core market of Germany in July, though it said that the majority was passed on to customers.
bwin.party registered a loss before tax of €23.5m for 2012, significantly lower than the €422.9m loss made in 2011, mainly due to a sharp decrease in impairment losses.
Nevertheless, the final dividend was raised by 10% to 1.72p per share, bringing the total payout for 2012 to 3.44p per share, up from 3.12p previously.
Top Director Buys
Obtala Resources (OBT)
Director name: Mr Simon Rollason
Amount purchased: 221,260 @ 903.00p
Value: £1,997,978
Bwin.party Digital Entertainment (BPTY)
Director name: Mr Geoff Baldwin
Amount purchased: 226,000 @ 147.83p
Value: £334,096
Bwin.party Digital Entertainment (BPTY)
Director name: Mr Geoff Baldwin
Amount purchased: 74,000 @ 148.02p
Value: £109,535
Alliance Trust (ATST)
Director name: Mr Win Robbins
Amount purchased: 11,544 @ 430.60p
Value: £49,708
Consort Medical (CSRT)
Director name: Mr Richard Cotton
Amount purchased: 3,894 @ 765.00p
Value: £29,789
PureCircle Ltd. (DI) (PURE)
Director name: Mr William Mitchell
Amount purchased: 10,000 @ 252.00p
Value: £25,200
UBM (UBM)
Director name: Dame Helen Alexander
Amount purchased: 2,000 @ 712.26p
Value: £14,245
Top Director Sells
Abcam (ABC)
Director name: Dr Jonathan Milner
Amount sold: 974,000 @ 450.50p
Value: £4,387,870
Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)
Director name: Mr Benjamin Keswick
Amount sold: 20,000 @ $65.58
Value: $1,311,684
UBM (UBM)
Director name: Mr Robert Gray
Amount sold: 38,430 @ 710.88p
Value: £273,191
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