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