Director dealings: Alpha Financial chief executive lowers stake

30th Nov 2018 16:06

(Sharecast News) - Alpha Financial Markets chief executive Euan Fraser disposed of 678,040 ordinary shares in the AIM-listed asset and wealth management consultant.Fraser, who joined Alpha from Synagir back in 2004, offloaded the shares at an average price of 218p, for a total value of £1.47m.Following the sale, Fraser's interest in the company decreased to 1.35m ordinary shares, representing 1.34% of its issued share capital.Earlier this month, Alpha revealed it had seen earnings get a boost from improved revenues and a significantly improved cash conversion in the first half of its trading year.Revenues increased 35.5% to £39m in the six months ended 30 September, pushing EBITDA ahead 45.4% to £8.5m and operating profits forward 46.8% to £8.4m.Besides the heightened revenues, Alpha saw its cash conversion improve from the 1.7% recorded a year earlier to 55.6% as cash generated from operating activities hit £4.8m.Earnings per share increased from 5.04p to 6.23p and Alpha also declared an interim dividend to 1.91p per share - ahead of the 1.48p returned to investors in the previous half.As of 1635 GMT, Alpha shares had picked up 0.68% to 221p.Top Director BuysRio Tinto (RIO)Director name: Stausholm,Jakob Amount purchased: 15,000 @ 3,664.35pValue: £549,652.52Bovis Homes Group (BVS)Director name: Fitzgerald,GregAmount purchased: 15,616 @ 891.57pValue: £139,227.57Jpj Group (JPJ)Director name: Goulden,Neil GAmount purchased: 10,000 @ 583.00pValue: £58,300.00Minds + Machines Group Limited (di) (MMX)Director name: Turcan,Henry Amount purchased: 250,000 @ 6.00pValue: £15,000.00Horizonte Minerals (HZM)Director name: Fisher,WilliamAmount purchased: 150,000 @ $0.04Value: $3,213.17Top Director SellsAlpha Financial Markets Consulting (AFM)Director name: Fraser ,Euan Amount sold: 678,040 @ 218.00pValue: £1,478,127.25