Directors continue to buy in...25 Oct 2008 11:19
Both the Chairman, Martin Brooks, and Chief Exec, Richard Kellett-Clarke have been buying up stock, MB 300k at 10p each, now holds some 3mns isc, and RKC 1Mns at 9.1p each, and now holds some 5.5mns isc. Final numbers are due 31st October, so maybe, just maybe, these purchases and previous institutional buys are a clear signal that the results will be a good clean set of numbers. With a client base that includes Local Authorities accounting for over 70% of income, and with an I T spend budget of over £4Bns. Plantech has bedded in well, and with near £5.5Mns in cash, IDOX is well positioned to do rather well inspite of the current economic climate. Looks like buying shares at the current levels may prove to be a wise decision.