ReThink Group CFO buys 1.4m shares

6th Jul 2012 15:59

Steve Wright, the Chief Financial Officer of ReThink Group, has purchasedmore than 1.4m shares in the recruitment and technology services firm.Wright purchased the shares at 7.00p each and for a total of £100,000. The company's share price has fallen over 25% in the last year, equal to 2.62p. In April the company revealed that its revenue for the year grew by 40% on 2010 to hit £78.9m, better than the market consensus of £73.5m. Profit before tax amounted to £2.5m (2010: £0.9m), well ahead of forecasts around the £1.9m mark. Earning per share were 1.422p against expectations of 1.3p, while the dividend also beat the forecast of 0.3p, coming in at 0.331p per share. Top Director BuysReThink Group (RTG) Director name: Mr Steve Wright Amount purchased: 1,428,571 @ 7.00p Value: £100,000Greene King (GNK) Director name: Mr Rooney AnandAmount purchased: 9,334 @ 560.99p Value: £52,363Greene King (GNK) Director name: Mr Matthew FearnAmount purchased: 5,883 @ 560.99p Value: £33,003Falkland Islands Holdings (FKL) Director name: Mr David L HuddAmount purchased: 10,042 @ 320.00p Value: £32,134Hansa Trust 'A' Non Voting Shares (HANA) Director name: Lord BorwickAmount purchased: 4,070 @ 725.00p Value: £29,508Essar Energy (ESSR) Director name: Mr Sattar Hajee AbdoulaAmount purchased: 10,000 @ 123.50p Value: £12,350Falkland Islands Holdings (FKL) Director name: Mr Mike KillingleyAmount purchased: 3,354 @ 320.00p Value: £10,733Top Director SellsHomeserve (HSV) Director name: Mr Martin BennettAmount sold: 14,470 @ 162.00p Value: £23,441Tracsis (TRCS) Director name: Mr Dr. Raymond KwanAmount sold: 17,000 @ 111.00p Value: £18,870