LSL Property Services's finance director acquires shares after 80% drop in profits

LSL Property Services' finance director showed confidence in the business by purchasing shares one week after posting an 80% drop in profits.

Andrew Burchall, who joined the group in the January, bought 8,500 shares for an individual price of 350p, spending a total of £29,750.

The property group last week posted first half pre-tax revenue of £6.2m, down from £31.4m the year prior.

However, LSL said it was positive for the second half of the year due to improving housing market conditions, and because it had acquired Thomas Morris in February which upped its lettings outlook.

Top Director Buys

JPMorgan American Inv Trust (JAM)
Director name: Mr Simon Bragg
Amount purchased: 35,000 @ 279.50p
Value: £97,825

LSL Property Services (LSL)
Director name: Mr Andrew Burchall
Amount purchased: 8,500 @ 350.00p
Value: £29,750

Oxford Technology VCT (OXT)
Director name: Mr Robin Goodfellow
Amount purchased: 50,000 @ 46.00p
Value: £23,000

Top Director Sells

There were no sells today.