Director dealings: Gordon Dadds co-founder lowers stake

13th Feb 2019 15:22

(Sharecast News) - Gordon Dadds co-founder Simon Howard disposed of 80,000 ordinary shares in the AIM-listed legal and professional services firm on Wednesday.Howard, who has served as the company's chairman since its inception, sold the shares at an average price of 140p each, for a total value of £112,000.In its last trading year, Gordon Dadds saw costs relating to recent reverse acquisitions and its admission to the AIM segment of the London Stock Exchange bring about a fall in its annual pre-tax profits.Gordon Dadds saw pre-tax profit slip 5.8% to £6.4m for the year ended 31 March despite revenue increasing 25.3% year-on-year to £31.2m.Despite cutting its debt by 87.6% to £527,000, non-recurring costs, including those associated with the acquisitions of Brook Street and Gordon Dadds Group, as well as associated restructuring costs, soared 326% to £2.3m.As of 1615 GMT, Gordon Dadds shares were up 0.72% to 140p.Top Director BuysScientific Digital Imaging (SDI)Director name: Ford,KennethAmount purchased: 100,000 @ 36.40pValue: £36,400.00Scientific Digital Imaging (SDI)Director name: Tilston,DavidAmount purchased: 10,000 @ 37.00pValue: £3,700.00Sthree (STHR)Director name: Elden,GaryAmount purchased: 62 @ 302.50pValue: £187.55Sthree (STHR)Director name: Smith,AlexAmount purchased: 62 @ 302.50pValue: £187.55Jardine Lloyd Thompson Group (JLT)Director name: Burke,Dominic JamesAmount purchased: 8 @ 1,906.00pValue: £152.48Meggitt (MGGT)Director name: Green,Philip ErnestAmount purchased: 24 @ 534.60pValue: £128.30Imi (IMI)Director name: Shook ,Daniel Amount purchased: 13 @ 963.50pValue: £125.26Imi (IMI)Director name: Selway,Mark WAmount purchased: 13 @ 963.50pValue: £125.26Imi (IMI)Director name: Twite,RoyAmount purchased: 13 @ 963.50pValue: £125.26Top Director SellsGordon Dadds Group (GOR)Director name: Howard,Simon JohnAmount sold: 80,000 @ 140.00pValue: £112,000.00