Director dealings: Grafenia director lowers stake

Grafenia director Conrad Bona disposed of 222,222 ordinary shares in the AIM-listed printing outfit on Tuesday.

Bona, who joined Grafenia in 2015, sold the shares at an average price of 12p each, for a total value of £26,667.

Grafenia revealed back in November that first-half losses had widened as its trade print business battled against headwinds and increased investments into the group's US expansion offset much of its revenue growth.

Pre-tax losses widened 193% in the six months to 30 September to £1.44m, despite a 23% rise in revenues to £8.31m as a result of increasing costs, eroding margins and a tougher backdrop for its trade print business.

"Like the majority of printers, we've suffered from increased pricing on paper, our biggest raw material purchase," the company said.

Grafenia swung to an EBITDA loss of £310,000 from the profit of £430,000 recorded a year earlier and losses per share widened to 1.75p from the 0.86p recorded in the prior period.

As of 1630 BST, Grafenia shares had slumped 7.27% to 12.06p.

Top Director Buys

Henry Boot (BOOT)

Director name: Mr Darren Littlewood

Amount purchased: 7,537 @ 265.00p

Value: £19,973

Intertek Group (ITRK)

Director name: Ms Lena Wilson

Amount purchased: 393 @ 5,040.00p

Value: £19,807

Grafenia (GRA)

Director name: Mr Conrad Bona

Amount purchased: 149,545 @ 12.02p

Value: £17,975

Top Director Sells

Costain Group (COST)

Director name: Mr Andrew Wyllie

Amount sold: 19,262 @ 357.00p

Value: £68,765

Costain Group (COST)

Director name: Mr Anthony Bickerstaff

Amount sold: 12,762 @ 357.00p

Value: £45,560

Grafenia (GRA)

Director name: Mr Conrad Bona

Amount sold: 222,222 @ 12.00p

Value: £26,667

Henry Boot (BOOT)

Director name: Mr Darren Littlewood

Amount sold: 7,579 @ 264.00p

Value: £20,009

Intertek Group (ITRK)

Director name: Ms Lena Wilson

Amount sold: 393 @ 5,038.40p

Value: £19,801