Director dealings: Servelec's non-exec dips in after profit warning

Senior Servelec Group director Roger McDowell has shown his support for the company's prospects after the technology and software group warned on profits on Wednesday.

McDowell, a non-executive director for more than two years among his wide portfolio, bought 100,000 shares at a price of 234p.

He may have bagged himself a bargain, as Servelec shares plunged by around a third as it warned full year operating profits would fall compared to last year's and be significantly lower than forecast for 2016.

The company said it had taken swift remedial action, reallocating resources and reducing costs.

Chief executive Alan Stubbs said he was disappointed to report difficult trading conditions had impacted Servelec's outlook for 2016.

"We don't believe that this reflects upon the quality or scale of the opportunities across our target end markets," he said. "However, some end markets are currently challenging and timing of order entry has become a short term issue."

Top Director Buys

Servelec Group (SERV)
Director name: McDowell,Roger
Amount purchased: 100,000 @ 234.00p
Value: £233,999.99

Globalworth Real Estate Investments Limited (GWI)
Director name: Raptis,Dimitris
Amount purchased: 9,550 @ € 5.10
Value: € 48,705.00

Prairie Mining Limited (PDZ)
Director name: Peter Middlemas,Ian
Amount purchased: 300,000 @ $0.18
Value: $39,295.50

C&c Group (CCR)
Director name: Crowley,Vincent C
Amount purchased: 10,000 @ € 3.76
Value: € 37,594.70

Dp Poland (DPP)
Director name: Moore,Chris
Amount purchased: 100,000 @ 33.00p
Value: £33,000.00

Waterman Group (WTM)
Director name: Taylor,Nicholas J
Amount purchased: 32,756 @ 84.90p
Value: £27,809.84

Jpmorgan Global Markets Emerging Income Trust (JEMI)
Director name: Gulliver,Caroline
Amount purchased: 15,000 @ 92.11p
Value: £13,816.50

Eagle Eye Solutions Group (EYE)
Director name: Sharman-Munday,Lucy
Amount purchased: 5,000 @ 131.00p
Value: £6,550.00

Talktalk Telecom Group (TALK)
Director name: Torrens,Iain
Amount purchased: 128 @ 234.43p
Value: £300.07

Talktalk Telecom Group (TALK)
Director name: Harding,Dido
Amount purchased: 128 @ 234.43p
Value: £300.07

Anglo American (AAL)
Director name: Cutifani,Mark
Amount purchased: 25 @ 608.00p
Value: £152.00

Anglo American (AAL)
Director name: Medori,Rene
Amount purchased: 25 @ 608.00p
Value: £152.00

Balfour Beatty (BBY)
Director name: Quinn,Leo
Amount purchased: 66 @ 228.75p
Value: £150.97

Scisys (SSY)
Director name: Love,Mike D
Amount purchased: 199 @ 75.50p
Value: £150.24

Petrofac Ltd. (PFC)
Director name: Weller,TimÂ
Amount purchased: 17 @ 718.50p
Value: £122.14

Sainsbury (j) (SBRY)
Director name: Rogers,John
Amount purchased: 50 @ 230.20p
Value: £115.10

Scisys (SSY)
Director name: Brignall,Steve
Amount purchased: 132 @ 75.50p
Value: £99.66

Top Director Sells

Dignity (DTY)
Director name: McCollum,Mike
Amount sold (option): 57,050 @ 2,280.29p
Value: £1,300,907.20

Independent Inv Trust (IIT)
Director name: Ward,Maxwell C B
Amount sold: 125,000 @ 408.00p
Value: £509,999.99

Independent Inv Trust (IIT)
Director name: Ward,Maxwell C B
Amount sold: 25,000 @ 403.25p
Value: £100,812.49

Hurricane Energy PLC (HUR)
Director name: Platt,Neil
Amount purchased: 517,653 @ 17.28p
Value: £89,450.44

Hurricane Energy PLC (HUR)
Director name: Trice,Robert
Amount purchased: 517,653 @ 17.28p
Value: £89,450.44

Edinburgh Worldwide Inv Trust (EWI)
Director name: Ducas,W J
Amount purchased: 4,500 @ 438.00p
Value: £19,710.00

Norcon (NCON)
Director name: West,Kenneth Reginald Dawson
Amount purchased: 72,222 @ 18.75p
Value: £13,541.63

Edinburgh Worldwide Inv Trust (EWI)
Director name: Ducas,W J
Amount purchased: 2,500 @ 438.25p
Value: £10,956.25