We take a look at directors buying and selling shares in their own company in our weekly column.
- Angus Energy directors buy shares
- Non exec buys Paypoint shares
- IQGeo non exec buys shares
Here’s why Director Dealings can play an important role in stock-picking
Angus Energy directors buy shares
Angus Energy LON:ANGS Chief Executive Officer, Richard Herbert has purchased 3,300,000 shares at a price of 0.75434p for a total consideration of £24,893. Executive Chairman, George Lucan has also purchased 1,300,000 shares at the same price for a total cost of £9,806. This follows an update last month in which the business averaged production of 80,000 therms per day in June and 92,000 therms per day in the first 18 days of July and is now producing significantly above its hedged volumes, benefiting from strong gas prices, The AIM listed onshore oil & gas development company has also agreed a £6 million bridge facility with Aleph Finance Limited.
Angus Energy shares were trading at 0.76p today, down 52% this year and -44% over the last 12 months.
Non Executive Director buys Paypoint shares
Paypoint LON:PAY Non Executive Director, Ben Wishart has purchased 3,500 shares in the company at a price of 553p for a total consideration of £19,355. This follows the announcement of full year results in July for the payment technology business which saw revenue up 12% and pre tax profit up 6% with CEO Nick Wiles noting in his report that 2023 finished “with good momentum, and trading has been positive in the first quarter of FY24 as we continue to leverage our enhanced platform and capabilities”.
Paypoint shares were trading at 554p today, up 9% this year and -8% over the last 12 months.
IQGeo Non Executive Director buys shares
IQGeo Group LON:IQG non-executive director Max Royde has bought 85,688 shares at 298p for £255,350. Royde bought the shares through specialist software investors Kestrel Partners, of which he is a partner and shareholder. Royde has continued to build his IQG shareholding through Kestrel. The AIM listed telecoms and utility software provider released a first half trading statement last month noting that revenue was expected to exceed £20m representing growth of 117% through organic and acquisitive growth.
IQGeo shares were trading at 299.48p today, up 59% for the year to date and +108% over the last 12 months.