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Communisis chairman buys
Tue, 07 Feb, 2012
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Communisis chairman buys
Fri, 26 Feb 2010, 17:42:00
Peter Hickson, the chairman of print management and data analysis services provider <b>Communisis</b>, is buying shares following yesterday's results. A downturn in spending on direct mail promotions hit Communisis in 2009 and it cut its final dividend from 1.635p a share to 0.43p a share. The total dividend has been reduced from 2.495p a share to 1.29p a share. Hickson has bought 350,000 shares at 14p each at a total cost of £49,000. This takes his stake to 1m shares - 0.72% of Communisis. Other directors made smaller share purchases. Hickson spent £30,000 on 200,000 shares prior to Communisis going into a close period. He has been chairman of Communisis since December 2007 and is a former finance director of Powergen. Trading has been tough for Communisis. Revenues fell from £257.73m to £190.19m in 2009, while profits slumped from £12.73m to £2.6m. That is after exceptional costs rose from £589,000 to £2.65m. The bright spot was the technology and services division which increased revenue and profit. Communisis has invested £30m in technology in the past three years. Net debt was £16.8m at the end of 2009. There is a £40m deficit on the company's pension scheme, although the balance sheet figure is done on a different basis and that is a £17.5m deficit. Communisis has a plan to pay down the deficit over 14 years. <b>Top Director Buys</b> Banco Santander SA (BNC) Director name: Mr Francisco Luzon Lopez Amount purchased: 28,434 @ 850.09p Value: £241,715 Zetar (ZTR) Director name: Mr Roger Matthews Amount purchased: 25,000 @ 235.00p Value: £58,750 Communisis (CMS) Director name: Mr Peter Hickson Amount purchased: 350,000 @ 14.00p Value: £49,000 Barratt Developments (BDEV) Director name: Mr David Thomas Amount purchased: 20,000 @ 114.00p Value: £22,800 NWF Group (NWF) Director name: Mr Mark H Hudson Amount purchased: 25,000 @ 80.00p Value: £20,000 Dunelm Group (DNLM) Director name: Mr Simon Emeny Amount purchased: 5,000 @ 396.00p Value: £19,800 Roxi Petroleum (RXP) Director name: Mr David Lawson Wilkes Amount purchased: 160,000 @ 10.25p Value: £16,400 Burberry Group (BRBY) Director name: Ms Stephanie George Amount purchased: 3,700 @ 405.28p Value: £14,995 Iomart (IOM) Director name: Mr Ian Ritchie Amount purchased: 29,400 @ 46.50p Value: £13,671 <b>Top Director Sells</b> SABMiller (SAB) Director name: Mr M I Wyman Amount sold: 91,486 @ 1,707.38p Value: £1,562,014 CSR (CSR) Director name: Mr James Collier Amount sold: 169,607 @ 470.42p Value: £797,865 Diploma (DPLM) Director name: Mr Bruce Thompson Amount sold: 175,000 @ 173.00p Value: £302,750 Jarvis Securities (JIM) Director name: Mr M J Edmett Amount sold: 10,000 @ 146.50p Value: £14,650 Quintain Estates & Development (QED) Director name: Mr Adrian Wyatt Amount sold: 22,513 @ 61.49p Value: £13,843
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