Speedy Hire's director buys shares after profit warning and CEO's resignation

2nd Jul 2015 15:56

A non-executive director of Speedy Hire bought £15,597 of shares one day after the hire company's chief executive stepped down due to a profit warning.James Morley, chairman of the board's audit committee, purchased 30,000 shares for an individual price of 51.99p.Following the transaction, Morley holds 195,000 shares in the company.Speedy Hire warned on Wednesday its full-year results would be materially below expectations due to a lack of available equipment, a focus on strategic accounts at the expense of SME customers and poor customer service caused by disruption during implementation of a new computer systems.Top Director BuysAquarius Platinum Ld (AQP) Director name: Mr Jean NelAmount purchased: 331,504 @ 22.41p Value: £74,290Aquarius Platinum Ld (AQP) Director name: Sir Nigel RuddAmount purchased: 404,168 @ 7.84p Value: £31,687Altitude Group (ALT) Director name: Mr Martin Roy VarleyAmount purchased: 200,000 @ 10.00p Value: £20,000TLA Worldwide (TLA) Director name: Mr Ian George RobinsonAmount purchased: 40,000 @ 41.00p Value: £16,400Speedy Hire (SDY) Director name: Mr James MorleyAmount purchased: 30,000 @ 51.99p Value: £15,597Utilico Emerging Markets Ltd (DI) (UEM) Director name: Mr Alexander E ZagoreosAmount purchased: 5,414 @ 193.00p Value: £10,449KEFI Minerals (KEFI) Director name: Mr Jeffrey Guy RaynerAmount purchased: 1,235,250 @ 0.84p Value: £10,376Top Director SellsTLA Worldwide (TLA) Director name: Mr Gregory GenskeAmount sold: 3,991,000 @ 41.00p Value: £1,636,310Young & Co's Brewery 'A' Shares (YNGA) Director name: Mr Peter WhiteheadAmount sold: 3,928 @ 1,238.51p Value: £48,649