Spouse cashes in CSR chips

Nov 05, 2009

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CSR chief technology officer James Collier's wife has sold 377,750 shares in the bluetooth and Global Position System chips maker at prices between 422.5p and 439.4p a share. That cuts Collier's stake to 1.02m shares, or 0.56%.

On 2 March 2009, Collier exercised an option over 382,002 shares at 5.37p a share. That cost £20,514.

Third quarter revenues were higher than expected and the underlying operating profit was $22.2m. CSR said it expects to post fourth quarter revenue of between $180m and $200m. A new order for an integrated Bluetooth/WiFi product should begin shipping before the end of the year.

Chief executive Joep van Beurden says that CSR is seeing the benefits of the merger with SiRF.

Top Director Buys

Inland (INL) Director name: Mr Nishith Motilal Meghji Malde Amount purchased: 140,000 @ 17.46p

Value: £24,444

Inland (INL) Director name: Mr Nishith Motilal Meghji Malde Amount purchased: 120,000 @ 17.00p

Value: £20,400

Focus Solutions (FSG) Director name: Mr Alistair Taylor Amount purchased: 35,000 @ 38.00p

Value: £13,300

Top Director Sells

CSR (CSR) Director name: Mr James Collier Amount sold: 377,750 @ 430.95p

Value: £1,627,914

Noble Investments (NBL) Director name: Mr Ian Goldblat Amount sold: 195,000 @ 102.50p

Value: £199,875

Noble Investments (NBL) Director name: Mr Edward Baldwin Amount sold: 150,000 @ 102.50p

Value: £153,750

Noble Investments (NBL) Director name: Mr Seth Freeman Amount sold: 79,000 @ 102.50p

Value: £80,975

Noble Investments (NBL) Director name: Mr Jasper Allen Amount sold: 75,000 @ 102.50p

Value: £76,875

Noble Investments (NBL) Director name: Mr Kean McDonald Amount sold: 50,000 @ 102.50p

Value: £51,250

Smiths Group (SMIN) Director name: Mr John Langston Amount sold: 4,310 @ 920.02p

Value: £39,653

Noble Investments (NBL) Director name: Mr Stuart Mollekin Amount sold: 37,500 @ 102.50p

Value: £38,438

Noble Investments (NBL) Director name: Mr Dimitri Loulakakis OSJ Amount sold: 35,000 @ 102.50p

Value: £35,875

Rightmove (RMV) Director name: Mr Edmund Williams Amount sold: 3,648 @ 530.08p

Value: £19,337

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