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Avanti Comms directors show their faith

Wed, 10th Oct 2012 16:30

It is fair to say that the market was not over the moon about the full year results from satellites operator Avanti Communications, but the directors believe the share price reaction has been overdone, a view they have been backing up with share purchases.David Williams, Chief Executive of Avanti, purchased 8,100 shares at 305p a pop, while another director, David Bestwick, bought 16,200 shares at the same price."We've been filling our boots, you might say," Williams told Sharecast.Non-Executive Director Paul Walsh purchased 10,000 shares at 298.60p for £29,860, while Chairman John Brackenbury added 5,000 shares at 292.50p for £14,625. The shares dipped as low as 290p in the first two hours of trading on Wednesday before recovering a little; the shares closed at 348.75p on Tuesday. They had lost 18% of their value by the close on Wednesday, equal to nearly 62p, ending that day at 287p.The dramatic share price fall was not caused so much by the full year results, which showed revenue in the year ended June 30th 2012 surged to £12.46m from £5.46m the year before, while the loss before interest, tax, depreciation and amortisation narrowed to £5.3m from £9.7m the previous year. Rather, it was the more conservative revenue guidance which spooked the market, with the big orders set to kick in later than the company had previously envisaged. Top Director BuysBHP Billiton (BLT) Director name: Mr Pat DaviesAmount purchased: 3,000 @ 1,946.69p Value: £58,401North Atlantic Smaller Companies Inv Trust (NAS) Director name: Mr Christopher H B MillsAmount purchased: 71,089 @ 1,067.00p Value: £758,520CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 13,559 @ 713.50p Value: £96,743PureCircle Ltd. (DI) (PURE) Director name: Mr Tan Boon SengAmount purchased: 30,000 @ 210.00p Value: £63,000Avanti Communications Group (AVN) Director name: Mr David J BestwickAmount purchased: 16,200 @ 305.00p Value: £49,410Goldplat (GDP) Director name: Mr Russell LammingAmount purchased: 200,000 @ 15.65p Value: £31,300Avanti Communications Group (AVN) Director name: Mr Paul S WalshAmount purchased: 10,000 @ 298.60p Value: £29,860Avanti Communications Group (AVN) Director name: Mr David J WilliamsAmount purchased: 8,100 @ 305.00p Value: £24,705Avanti Communications Group (AVN) Director name: Mr F E John G BrackenburyAmount purchased: 5,000 @ 292.50p Value: £14,625CLS Holdings (CLI) Director name: Mr H O Thomas LundqvistAmount purchased: 1,800 @ 720.00p Value: £12,960Top Director SellsUnite Group (UTG) Director name: Mr Joe ListerAmount sold: 8,255 @ 263.76p Value: £21,773NR
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Thursday tips round-up: Smiths Group, Pure Circle

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19 Mar 2014 12:07

PureCircle Narrows Losses; Driven By Strong Volume, Sales Growth

LONDON (Alliance News) - Food and drinks flavouring company PureCircle Ltd Wednesday said it narrowed its losses in the first half of the year, driven by strong volume growth in the period, and a 32% increase in sales for its all-natural, no-calorie sweetener and natural flavour systems. In

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19 Mar 2014 07:33

PureCircle swings to H1 operating profit as sales surge

PureCircle, the stevia sweetener producer and marketer, swung to an operating profit in its first half, helped by a strong growth in sales across all regions. Operating profit totalled $2.9m in the six months to December 31st, compared with a loss of $2.9m the year before, on sales that surged by 3

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6 Jan 2014 12:34

PureCircle expects first half sales growth on back of innovations

PureCircle, the world's largest producer of stevia ingredients, said it expects first half sales to be 31 per cent ahead of last year's performance at 34.7m dollars. In a trading update the group reported sales growth across all high purity ingredients, driven by innovations in the Stevia 3.0 TM po

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6 Jan 2014 11:43

UK WINNERS & LOSERS: RSA Jumps Ahead Of Irish Business Review Findings

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6 Jan 2014 10:06

UK BROKER RATING CHANGES: Six Brokers Raise Next Price Target

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6 Jan 2014 09:30

STOCKS NEWS EUROPE-UK small caps up 0.2 pct in morning trade

The FTSE small cap index rise 0.2 percent in morning trade, while junior-listed AIM shares gain 0.1 percent, both outperforming a 0.2 percent drop on the blue chips. Crawshaw Group rallies 15.6 percent to 19.75 pence after the butchers group says like-for-like sales in the seven weeks to De

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6 Jan 2014 08:42

PureCircle To Swing To Interim Operating Profit On Sales Rise

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30 Dec 2013 12:46

UK WINNERS & LOSERS: LED International Soars; Max Petroleum Slips

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30 Dec 2013 09:39

PureCircle Receives No Objections From US FDA For Reb M Stevia Sweetener

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8 Oct 2013 10:11

DIRECTOR DEALINGS: PureCircle Chief Executive, CFO Awarded Options

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18 Sep 2013 08:28

Wednesday broker round-up UPDATE

African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec

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16 Sep 2013 12:13

Monday broker round-up

AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy

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16 Sep 2013 10:10

PureCircle Pretax Losses Narrow As New Soft Drinks Take Off

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