Director dealings: Sportech's investment banker sees value in pools

7th Nov 2016 13:55

(ShareCast News) - Sportech director Richard McGuire has made a £200,000 punt on the company's shares a week after it walked away from talks to sell off its Football Pools business. Non-executive director McGuire, a veteran investment banker with stints at Citigroup, HSBC and Ballie Gifford, purchased 300,000 ordinary shares in Sportech at a price 67p apiece.The purchase was his first in the company after joining Sportech in August.Last week, despite having agreed a £97.25m sale of the Football Pools business to Burlywood Capital in September, Sportech directors announced that the sale had been cancelled even though Burlywood had put plans in place to list the 93-year-old football betting business on the Alternative Investment Market.Sportech chief executive Ian Penrose said at the time that "Burlywood was unable to conclude the transaction set out within their proposal which we announced in September. The Football Pools is a valuable asset which has been transformed following a lengthy modernisation programme. We will continue to focus on maximising opportunities for the business." Top Director BuysSportech (SPO)Director name: McGuire,Richard AnthonyAmount purchased: 300,000 @ 67.00pValue: £201,000.01Ecofin Global Utilities And Infrastructure Trust (EGL)Director name: McLaren,IainAmount purchased: 20,000 @ 122.50pValue: £24,500.00E2v Technologies (E2V)Director name: Blair ,Steve Amount purchased: 10,000 @ 188.00pValue: £18,800.00E2v Technologies (E2V)Director name: Johnson,Neil AAmount purchased: 10,000 @ 185.58pValue: £18,558.17Active Energy Group (AEG)Director name: Spinks,Richard GeorgeAmount purchased: 147,000 @ 3.19pValue: £4,689.30Personal Assets Trust (PNL)Director name: Angus,Robin JohnAmount purchased: 3 @ 39,934.00pValue: £1,198.02Novae Group (NVA)Director name: Patel,Reeken Amount purchased: 57 @ 783.50pValue: £446.60Novae Group (NVA)Director name: Fosh,Matthew KAmount purchased: 57 @ 783.50pValue: £446.60K3 Business Technology Group (KBT)Director name: Bolton,David JAmount purchased: 44 @ 343.00pValue: £150.92Primary Health Properties (PHP)Director name: Hyman,Harry AbrahamAmount purchased: 88 @ 110.00pValue: £96.80Primary Health Properties (PHP)Director name: Hyman,Harry AbrahamAmount purchased: 88 @ 110.00pValue: £96.80Top Director SellsHenderson Group (HGG)Director name: Formica,AndrewAmount sold: 483,630 @ 215.83pValue: £1,043,810.87Jardine Matheson Holdings Ltd (singapore Reg) (JAR)Director name: Weatherall,E P KAmount sold: 39,500 @ 59.32pValue: £28,075.48