XP Power Chairman sells 120,000 shares after results disappoint



LONDON (ShareCast) - The Chairman of XP Power (LSE: XPP.L - news) , Larry Tracey, sold 120,000 shares in the group on Monday, disposing of them for 1,080p a time.

The transaction earned the director just short of £1.3m and reduced his stake to 1.28m shares.

On Monday the group posted a 9.0% decline in revenue for the year ended December 31st, down to £93.9m from £103.6m in 2011.

The gross margin fell from 49.1% to 47.8%, while adjusted profit before tax declined 17% from £24.3m to £20.2m.

Net debt fell 43% from £18.6m to £10.6m.

The final dividend increased from 15p to 17p, prompting the overall dividend per share by 11% from 45p to 50p.

Top Director Buys

Mondi (MNDI)
Director name: Mr David Hathorn
Amount purchased: 25,000 @ 847.79p
Value: £211,948

North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Enrique Gittes
Amount purchased: 11,400 @ 1,365.00p
Value: £155,610

Ladbrokes (LAD)
Director name: Ms Christine Hodgson
Amount purchased: 15,000 @ 222.80p
Value: £33,420

Ladbrokes (LAD)
Director name: Mrs Sylvia (Sly) Bailey
Amount purchased: 10,000 @ 220.80p
Value: £22,080

Coms (COMS (LSE: COMS.L - news) )
Director name: Mr Iain Gladstone Ross
Amount purchased: 2,331,550 @ 0.85p
Value: £19,818

Talisman VCT (TFV)
Director name: Mr Brian May
Amount purchased: 50,000 @ 35.25p
Value: £17,625

Top Director Sells

XP Power Ltd. (DI (KSE: 003160.KS - news) ) (XPP)
Director name: Mr Larry Tracey
Amount sold: 120,000 @ 1,080.00p
Value: £1,296,000

Bunzl (BNZL)
Director name: Mr Patrick Larmon
Amount sold: 90,000 @ 1,221.00p
Value: £1,098,900