Director dealings: LSL Property chairman ups stake
Simon Embley, chairman of the UK's second-largest estate agent chain LSL Property Services, purchased 675,924 ordinary shares in the firm on Thursday, increasing his total shareholding in the firm to 6.77m ordinary shares, or 6.51% of its issued share capital.
FTSE All-Share
4,367.19
13:25 23/04/24
FTSE Small Cap
6,435.46
13:25 23/04/24
LSL Property Services
265.00p
08:04 23/04/24
Real Estate Investment & Services
2,171.03
13:24 23/04/24
Embley, who previously served as LSL's chairman from 2004 before switching to his current role in 2015, acquired the shares at an average cost of 255.16p each, a total of £1.72m.
LSL Property Services announced its preliminary results for the year ended 31 December back in March, with the board reporting "robust performance" in subdued market conditions.
The London-listed company said full-year group underlying operating profit was up 8% to £37.5m, with group adjusted EBITDA ahead 7% at £42.7m. Group revenue rose 1% to £311.5m.
It wasn't an entirely rosy picture, however, with LSL's group operating profit slipping 36% to £42.1m and its profit before tax sliding 37% to £40.1m.
As of 1630 BST, LSL shares had picked up 1.92% to 265p.
Top Director Buys
Lsl Property Services (LSL)
Director name: Embley,Simon
Amount purchased: 675,924 @ 255.16p
Value: £1,724,687.66
Redt Energy (RED)
Director name: Marren,Jonathan Anthony Frank
Amount purchased: 1,521,907 @ 6.20p
Value: £94,358.23
Rockrose Energy (RRE)
Director name: Pawson,Steve
Amount purchased: 9,772 @ 365.90p
Value: £35,755.75
Dx (group) (DX.)
Director name: Series ,Ronald
Amount purchased: 280,000 @ 10.12p
Value: £28,343.00
Renold (RNO)
Director name: Landless,David F
Amount purchased: 35,000 @ 31.60p
Value: £11,060.00
Dx (group) (DX.)
Director name: Series ,Ronald
Amount purchased: 50,000 @ 0.96p
Value: £481.12
Superdry (SDRY)
Director name: Sutherland ,Euan
Amount purchased: 12 @ 1,253.00p
Value: £150.36
Superdry (SDRY)
Director name: Cartwright,Andrea
Amount purchased: 12 @ 1,253.00p
Value: £150.36
Top Director Sells
Draper Esprit (GROW)
Director name: Chapman,Stuart Malcolm
Amount sold: 500,000 @ 476.00p
Value: £2,380,000.11
Draper Esprit (GROW)
Director name: Cook,Simon Christopher
Amount sold: 500,000 @ 476.00p
Value: £2,380,000.11
Jupiter Fund Management (JUP)
Director name: Carter,Edward Bonham
Amount sold: 42,290 @ 471.00p
Value: £199,185.90
Redt Energy (RED)
Director name: Marren,Jonathan Anthony Frank
Amount sold: 1,521,907 @ 6.20p
Value: £94,327.80