Directors' deals balance the scale at Advanced Computer Software
Tue 18 Sep 2012
LONDON (SHARECAST) - Advanced Computer Software Group has reported separate deals by two of its directors, more or less balancing each other out.
The deals were made on Monday, when the healthcare and business management software provider said it expects revenues to have climbed by a fifth in the six months to the end of August.
Chief Executive Officer Vinodka Murria purchased 500,000 at 62.00p each for a total of £310,000 on Monday, the same day Chairman Michael Jackson sold 500,000 at 61.86p, pocketing a total of £309,300.
In a trading update ahead of its interim results, the company said half-year revenues will come in no less than £56.7m, 20% ahead of the £47.3m reported at the same stage last year. Of that growth 10% is organic sales, a further 10% has been achieved through acquisitions.
Adjusted earnings before interest tax depreciation and amortisation (EDITDA) rose 10% to £13.2m, of which 8% was organic growth.
The adjusted EBITDA margin is expected at 23% following the purchase of Fabric Technologies for £4.6m in April.
Murria said: "We expect to deliver excellent organic revenue growth of 10% for the half year and are continuing to see good growth opportunities for our products and services in both the public and private sectors, despite the current economic environment.
Top Director Buys
Advanced Computer Software Group (ASW)
Director name: Mrs Vinodka Murria
Amount purchased: 500,000 @ 62.00p
Value: £310,000
Landore Resources Ltd. (LND)
Director name: Mr William Humphries
Amount purchased: 6,000,000 @ 5.00p
Value: £300,000
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 10,000 @ 705.00p
Value: £70,500
Ladbrokes (LAD)
Director name: Mr Ian Bull
Amount purchased: 14,300 @ 179.98p
Value: £25,737
Landore Resources Ltd. (LND)
Director name: Mr Richard Prickett
Amount purchased: 506,400 @ 5.00p
Value: £25,320
Landore Resources Ltd. (LND)
Director name: Mr Charles E Wilkinson
Amount purchased: 400,000 @ 5.00p
Value: £20,000
Innovation Group (TIG)
Director name: Mr Chris Harrison
Amount purchased: 70,790 @ 19.80p
Value: £14,016
Top Director Sells
Johnson Matthey (JMAT)
Director name: Mr Lawrence C Pentz
Amount sold: 28,765 @ 2,564.00p
Value: £737,535
Morrison (Wm) Supermarkets (MRW)
Director name: Mr Richard Pennycook
Amount sold: 210,000 @ 293.81p
Value: £617,001
Murgitroyd Group (MUR)
Director name: Mr Keith G Young
Amount sold: 86,784 @ 417.50p
Value: £362,323
Advanced Computer Software Group (ASW)
Director name: Mr Michael Jackson
Amount sold: 500,000 @ 61.86p
Value: £309,300
LONDON (SHARECAST) - Advanced Computer Software Group has reported separate deals by two of its directors, more or less balancing each other out.
