Director dealings: Motorpoint director makes share purchase

Motorpoint revealed on Wednesday that non-executive director Keith Mansfield had acquired 20,576 ordinary shares in the London-listed automotive retailer.

Mansfield, who joined Motorpoint in May, purchased the shares on Tuesday at an average price of 243.0p each, for a total value of £49,999.68.

Motorpoint reported a sharp drop in profits on Tuesday after the Covid-19 pandemic disrupted trading during what is traditionally one of the busiest times of the year for the vehicle retailer.

Revenues for the year to 31 March fell 3.8% to £1.02bn, while pre-tax profits were down 15.3% at £18.8m. Basic earnings per share were 16.4p, compared to 18.1p a year previously. Cost of sales eased slightly, to £978.8m from £939.1m in 2019.

As of 1630 BST, Motorpoint shares were up 6.64% at 241p.

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Amount purchased: 20,576 @ 243.00p
Value: £49,999.68

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Rotork (ROR)
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Bae Systems (BA.)
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Amount purchased: 31 @ 472.81p
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Imi (IMI)
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