Director dealings: Purplebricks chair makes most of early share slump

Purplebricks was at the top of the list of director buys on Tuesday, as its chairman made the most of a morning slump in its share price.

The online estate agent disclosed that non-executive chair Paul Pindar purchased 2.5 million shares on the London Stock Exchange.

Pindar paid 14.76p for each share, spending a total of £368,999.99 in the process.

Following the transaction, Purplebricks said Paul and Sharon Pindar together held 14,081,056 of its shares, representing 4.59% of its total issued capital.

Purplebricks shares slumped as low as 14p in early trading on Tuesday, after it revealed a full-year loss as it struggled to execute a new operating model, while setting aside cash to cover problems at its lettings division.

The company, which tried to shake up the market as a fixed-fee agency, revealed in delayed results an operating loss of £42m in the 12 months to 30 April compared with a profit of £7m a year ago.

By 1452 BST, shares in Purplebricks Group had recovered and were trading up 0.17% at 15.02p.

Elsewhere, ProCook reported a purchase worth almost £18k made by its chief financial officer.

The company said Daniel Walden bought 50,000 shares on Monday for 35.6p apiece, valuing the transaction at £17,800.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Purplebricks Group (PURP)
Director name: Pindar,Paul
Amount purchased: 2,500,000 @ 14.76p
Value: £368,999.99

Kerry Group 'a' Shares (cdi) (KYGA)
Director name: Rogers ,Christopher
Amount purchased: 1,000 @ 102.90
Value: 102,900.00

Intertek Group (ITRK)
Director name: Allan,Graham
Amount purchased: 1,400 @ 4,240.00p
Value: £59,360.00

Solid State (SOLI)
Director name: Magowan,Peter
Amount purchased: 2,927 @ 1,025.00p
Value: £30,001.75

Intertek Group (ITRK)
Director name: Allan,Graham
Amount purchased: 600 @ 4,250.00p
Value: £25,500.00

Solid State (SOLI)
Director name: James,Peter Owen
Amount purchased: 2,439 @ 1,025.00p
Value: £24,999.75

Icg Enterprise Trust (ICGT)
Director name: Nicholls,Janine
Amount purchased: 2,219 @ 1,126.00p
Value: £24,985.94

Vianet Group (VNET)
Director name: Panu,Stella
Amount purchased: 30,000 @ 67.00p
Value: £20,100.00

Solid State (SOLI)
Director name: Macmichael,John
Amount purchased: 1,951 @ 1,025.00p
Value: £19,997.75

Solid State (SOLI)
Director name: Rogers,Nigel
Amount purchased: 1,951 @ 1,025.00p
Value: £19,997.75

Solid State (SOLI)
Director name: Haining,Peter
Amount purchased: 1,951 @ 1,025.00p
Value: £19,997.75

Solid State (SOLI)
Director name: Richards,Matthew Thomas
Amount purchased: 1,951 @ 1,025.00p
Value: £19,997.75

Procook Group (PROC)
Director name: Walden,Daniel (Dan)
Amount purchased: 50,000 @ 35.60p
Value: £17,800.00

Sdx Energy Inc. (di) (SDX)
Director name: Reid ,Mark
Amount purchased: 150,000 @ 10.25p
Value: £15,375.00

Insig Ai (INSG)
Director name: Bernstein,Richard
Amount purchased: 40,000 @ 28.00p
Value: £11,200.00

Solid State (SOLI)
Director name: Marsh,Gary
Amount purchased: 976 @ 1,025.00p
Value: £10,004.00

Altitude Group (ALT)
Director name: Feltham,Graham
Amount purchased: 20,584 @ 24.29p
Value: £4,999.85

Sdx Energy Inc. (di) (SDX)
Director name: Reid ,Mark
Amount purchased: 50,000 @ 9.94p
Value: £4,970.00

Integrated Diagnostics Holdings (IDHC)
Director name: El Sherbini,Hend
Amount purchased: 5,000 @ $0.81
Value: $4,025.00

Actual Experience (ACT)
Director name: Steele ,Richard
Amount purchased: 35,774 @ 2.85p
Value: £1,019.56

Actual Experience (ACT)
Director name: Page,Dave
Amount purchased: 32,600 @ 2.85p
Value: £929.10

Actual Experience (ACT)
Director name: Bennetts,Steve
Amount purchased: 27,521 @ 2.85p
Value: £784.35

Actual Experience (ACT)
Director name: English ,Kirsten
Amount purchased: 23,917 @ 2.85p
Value: £681.63

Actual Experience (ACT)
Director name: Carsberg,Bryan
Amount purchased: 14,030 @ 2.85p
Value: £399.86

Actual Experience (ACT)
Director name: Davidson,Stephen
Amount purchased: 12,861 @ 2.85p
Value: £366.54