IMO.L Share News (IMO)

(Sharecast News) - Imimobile founder Vishwanath Alluri purchased 85,000 ordinary shares in the AIM-listed cloud communications software provider on Friday.Alluri, who established the firm in Hyderabad back in 1999, acquired the shares at an average price of 213.88p each, for a total value of £181,797.99.Back in November, IMImobile told investors it had swung to a loss in the first half of its trading year despite seeing revenues and underlying profits advance.Revenues climbed 26% across the six months ended 30 September to £67.2m, while gross profits also picked up 18% to £29.2m - driven by strong organic growth in monthly recurring revenues. Adjusted EBITDA meanwhile soared 35% to £7.7m and diluted adjusted earnings per share shot up 37% to 6.6p.However, IMImobile turned in a small loss after tax of £100,000 - a marked turnaround from the £1m profit recorded a year earlier - as a result of its acquisitions of North American outfits Impact Mobile in the first half and Express Pigeon at the start of the second.As of 1600 GMT, Imimobile shares had sparked up 4.20% to 223p.Top Director BuysImimobile (IMO)Director name: Alluri,Vishwanath Amount purchased: 85,000 @ 213.88pValue: £181,797.99Ariana Resources (AAU)Director name: Payne,William James BenedictAmount purchased: 1,450,000 @ 1.75pValue: £25,375.00Ariana Resources (AAU)Director name: Villiers,Michael deAmount purchased: 1,120,000 @ 1.75pValue: £19,600.00Hipgnosis Songs Fund Limited Npv (SONG)Director name: Burger,PaulAmount purchased: 15,000 @ 108.00pValue: £16,200.00Ariana Resources (AAU)Director name: Sener,KerimAmount purchased: 860,000 @ 1.75pValue: £15,050.00 (HUR)Director name: Platt,NeilAmount purchased: 19,621 @ 45.86pValue: £8,998.19 (HUR)Director name: Stobie,AlistairAmount purchased: 19,621 @ 45.86pValue: £8,998.19Soco International (SIA)Director name: Watts,Mike JAmount purchased: 12,266 @ 70.40pValue: £8,635.26Soco International (SIA)Director name: Brown,Jann MAmount purchased: 12,266 @ 70.40pValue: £8,635.26 (HUR)Director name: Trice,RobertAmount purchased: 3,924 @ 45.86pValue: £1,799.55Igas Energy (IGAS)Director name: Bowler,Stephen Amount purchased: 563 @ 80.00pValue: £450.40Sainsbury (j) (SBRY)Director name: Rogers,JohnAmount purchased: 41 @ 278.82pValue: £114.32Top Director SellsFidelity Asian Values (FAS)Director name: Bolsover,KateAmount sold: 2,399 @ 417.00pValue: £10,003.83