Parkmead men buy 10m shares each
Jun 22, 2009
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There's been heavy buying of investment company Parkmead recently, with bosses keen to snap up stock near historic lows.
Non-executive chairman Colin Goodall and non-executive director Thomas Cross both bought 10m shares at 1p each.
The £100,000 purchases take former BP man Goodall's stake to 12m shares, or 3.26% of the business, and the holding of Cross, also CEO at Dana Petroleum, up to 14m shares, or 3.8%.
Parkmead chief Niall Doran chipped in with a more modest acquisition, adding 2m shares, or £20,000 worth, to his holding. He owns almost 10% of the company.
A month ago, the group reported an operating loss of £1.11m in the six months to December, out from 1m in 2007. After impairment and other net losses, it posted a loss before tax of £4.27m versus £660,000 the year before.
The company has two investments in listed companies, Faroe Petroleum and Reservoir Exploration Technology and a debenture investment in Transeuro Energy.
Top Director Buys
Volga Gas (VGAS)
Director name: Mr Mikhail Ivanov
Amount purchased: 166,550 @ 61.19p
Value: £101,912
Parkmead (PMG)
Director name: Mr Thomas P Cross
Amount purchased: 10,000,000 @ 1.00p
Value: £100,000
Parkmead (PMG)
Director name: Mr Colin R Goodall
Amount purchased: 10,000,000 @ 1.00p
Value: £100,000
Whitbread (WTB)
Director name: Mrs Wendy Becker
Amount purchased: 3,500 @ 843.80p
Value: £29,533
Spirax-Sarco Engineering (SPX)
Director name: Mr Bill Whiteley
Amount purchased: 3,000 @ 785.00p
Value: £23,550
Parkmead (PMG)
Director name: Mr Niall Doran
Amount purchased: 2,006,061 @ 1.00p
Value: £20,061
Diamond Circle Capital (DIAM)
Director name: Mr Rupert Cottrell
Amount purchased: 2,500 @ $5.38
Value: $13,438
SIG (SHI)
Director name: Mrs V. Murray
Amount purchased: 11,500 @ 89.60p
Value: £10,304
Top Director Sells
Sage Group (SGE)
Director name: Mr Paul Harrison
Amount sold: 186,567 @ 182.90p
Value: £341,231
Volga Gas (VGAS)
Director name: Mr Vladimir Koshcheev
Amount sold: 166,550 @ 61.19p
Value: £101,912
Clarkson (CKN)
Director name: Dr R M Stopford
Amount sold: 20,000 @ 628.50p
Value: £125,700
Quintain Estates & Development (QED)
Director name: Mr Adrian Wyatt
Amount sold: 56,093 @ 53.00p
Value: £29,729
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