IndigoVision boffin spies selling opportunity

9th Oct 2009 16:47

IndigoVision's chief technical officer Barry Keepence has cut his holding in the CCTV group after a sharp spike in the share price since August. It is Keepeace's second sale of a small parcel of shares recently. In June, he sold 10,000 shares at 415p. The group, which uses internet-based digital technology to make surveillance systems, recently posted record results ahead of expectations and announced a maiden dividend. Profit before tax for the year ended 31 July jumped to £3.26m from £2.04m in 2008 on revenue up 43% to a record £26.4m. The group will pay a dividend of 5p a share.Following today's sale Keepence has an interest in 24,350 ordinary shares, representing approximately 0.3% of the issued share capital of the company.Top Director BuysMcbride (MCB) Director name: Mr Miles W RobertsAmount purchased: 509,615 @ 208.00p Value: £1,059,999Dolphin Capital Investors (DCI) Director name: Mr Miltos KambouridesAmount purchased: 715,000 @ 37.50p Value: £268,125Archipelago Resources (AR.) Director name: Mr Jeremy Ayre Amount purchased: 600,000 @ 13.80p Value: £82,800Primary Health Properties (PHP) Director name: Mr Harry Abraham HymanAmount purchased: 9,394 @ 230.00p Value: £21,606Top Director SellsMcbride (MCB) Director name: Mr Miles W RobertsAmount sold: 329,053 @ 208.00p Value: £684,430Indigo Vision (IND) Director name: Mr Barry KeepenceAmount sold: 5,000 @ 640.00p Value: £32,000