Directors' deals balance the scale at Advanced Computer Software

18th Sep 2012 17:08

Advanced Computer Software Group has reported separate deals by two of its directors, more or less balancing each other out.The deals were made on Monday, when the healthcare and business management software provider said it expects revenues to have climbed by a fifth in the six months to the end of August. Chief Executive Officer Vinodka Murria purchased 500,000 at 62.00p each for a total of £310,000 on Monday, the same day Chairman Michael Jackson sold 500,000 at 61.86p, pocketing a total of £309,300. In a trading update ahead of its interim results, the company said half-year revenues will come in "no less" than £56.7m, 20% ahead of the £47.3m reported at the same stage last year. Of that growth 10% is organic sales, a further 10% has been achieved through acquisitions. Adjusted earnings before interest tax depreciation and amortisation (EDITDA) rose 10% to £13.2m, of which 8% was organic growth. The adjusted EBITDA margin is expected at 23% following the purchase of Fabric Technologies for £4.6m in April. Murria said: "We expect to deliver excellent organic revenue growth of 10% for the half year and are continuing to see good growth opportunities for our products and services in both the public and private sectors, despite the current economic environment." Top Director BuysAdvanced Computer Software Group (ASW) Director name: Mrs Vinodka MurriaAmount purchased: 500,000 @ 62.00p Value: £310,000Landore Resources Ltd. (LND) Director name: Mr William HumphriesAmount purchased: 6,000,000 @ 5.00p Value: £300,000CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 10,000 @ 705.00p Value: £70,500Ladbrokes (LAD) Director name: Mr Ian BullAmount purchased: 14,300 @ 179.98p Value: £25,737Landore Resources Ltd. (LND) Director name: Mr Richard PrickettAmount purchased: 506,400 @ 5.00p Value: £25,320Landore Resources Ltd. (LND) Director name: Mr Charles E WilkinsonAmount purchased: 400,000 @ 5.00p Value: £20,000Innovation Group (TIG) Director name: Mr Chris HarrisonAmount purchased: 70,790 @ 19.80p Value: £14,016Top Director SellsJohnson Matthey (JMAT) Director name: Mr Lawrence C PentzAmount sold: 28,765 @ 2,564.00p Value: £737,535Morrison (Wm) Supermarkets (MRW) Director name: Mr Richard PennycookAmount sold: 210,000 @ 293.81p Value: £617,001Murgitroyd Group (MUR) Director name: Mr Keith G YoungAmount sold: 86,784 @ 417.50p Value: £362,323Advanced Computer Software Group (ASW) Director name: Mr Michael JacksonAmount sold: 500,000 @ 61.86p Value: £309,300