LSL Property Services's finance director acquires shares after 80% drop in profits

10th Aug 2015 15:12

(ShareCast News) - LSL Property Services' finance director showed confidence in the business by purchasing shares one week after posting an 80% drop in profits.Andrew Burchall, who joined the group in the January, bought 8,500 shares for an individual price of 350p, spending a total of £29,750.The property group last week posted first half pre-tax revenue of £6.2m, down from £31.4m the year prior. However, LSL said it was positive for the second half of the year due to improving housing market conditions, and because it had acquired Thomas Morris in February which upped its lettings outlook.Top Director BuysJPMorgan American Inv Trust (JAM) Director name: Mr Simon BraggAmount purchased: 35,000 @ 279.50p Value: £97,825LSL Property Services (LSL) Director name: Mr Andrew BurchallAmount purchased: 8,500 @ 350.00p Value: £29,750Oxford Technology VCT (OXT) Director name: Mr Robin GoodfellowAmount purchased: 50,000 @ 46.00p Value: £23,000Top Director SellsThere were no sells today.