International Greetings FD dips in

3rd Aug 2009 16:17

Sheryl Tye, finance director at International Greetings, has spent just under £10,000 on shares in the greetings card group.The acquisition of 26,000 shares at 38p each cost £9,880, that's far more than they would have cost just a week ago.International Greetings shares rallied from about 23p ahead of full year results on 29 July and have continued climbing since. They closed up 5% at 39.5p Monday.Annual revenue from continuing operations increased by 13% and the maker of gift wrap, crackers, cards, stationery and accessories is eyeing a return to profitability in 2009/10. Loss from continuing operations, before significant items and tax narrowed to £0.3m from £8.1m a year earlier. Revenue rose to £216.9m from £191.7m. Top Director BuysAurora Inv Trust (ARR) Director name: Mr M J BarstowAmount purchased: 15,000 @ 127.50p Value: £19,125Top Director SellsPace (PIC) Director name: Mr Robert Michael McTigheAmount sold: 25,000 @ 213.50p Value: £53,375