Ricardo Share News (RCDO)

The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning. Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the group after a review of the business resulted in a reduction to its profit expectations for the financial year ending December 31st. He purchased the shares at 439.82p each, costing him a total of £750,034. In a statement made on Monday, Lancaster said: "Despite the short term shortfalls in the business, I feel more confident in SDL's technology stack and service solutions than I have ever been. In 2013 we will make additional investments in sales and marketing to drive long-term growth. We expect this additional investment to be between £3.0m to £4.0m in 2013." The group expects pre-tax profits before amortisation for the year to total between £36m and £37m on revenues of between £270m and £272m. The news caused the share price to fall around 70p on Monday. The stock has lost 32%, equal to 205p, in the past 12 months.Following the transaction, Lancaster's holding in the firm totals 668,946 shares, equal to 0.83% of the issued share capital. Top Director Buys SDL (SDL) Director name: Mr Mark LancasterAmount purchased: 170,532 @ 439.82p Value: £750,034F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 47,505 @ 98.89p Value: £46,978Cape (CIU) Director name: Mr Joe OatleyAmount purchased: 15,000 @ 185.00p Value: £27,750Leni Gas & Oil (LGO) Director name: Mr David Anthony LenigasAmount purchased: 2,000,000 @ 1.37p Value: £27,400Camper & Nicholsons Marina Investments Ltd. (CNMI) Director name: Mr Martin BralsfordAmount purchased: 250,000 @ 10.00p Value: £25,000Global Energy Development (GED) Director name: Mr Stephen C VossAmount purchased: 25,000 @ 100.00p Value: £25,000Howden Joinery Group (HWDN) Director name: Mr Matthew IngleAmount purchased: 14,000 @ 164.80p Value: £23,072VinaLand Ltd (VNL) Director name: Mr Charles Isaac Amount purchased: 50,000 @ $0.43 Value: $21,500Camper & Nicholsons Marina Investments Ltd. (CNMI) Director name: Mr Martin BralsfordAmount purchased: 200,000 @ 10.00p Value: £20,000Ricardo (RCDO) Director name: Mr Ian LeeAmount purchased: 3,000 @ 351.80p Value: £10,554Top Director SellsCompass Group (CPG) Director name: Mr Andrew MartinAmount sold: 448,953 @ 719.14p Value: £3,228,601Compass Group (CPG) Director name: Mr Gary GreenAmount sold: 256,856 @ 719.14p Value: £1,847,154Compass Group (CPG) Director name: Mr Richard John CousinsAmount sold: 181,663 @ 719.14p Value: £1,306,411Compass Group (CPG) Director name: Mr Mark WhiteAmount sold: 68,513 @ 719.14p Value: £492,704Bunzl (BNZL) Director name: Mr Brian MayAmount sold: 24,768 @ 1,062.00p Value: £263,036Maple Energy (MPLE) Director name: Mr Tony L. HinesAmount sold: 96,480 @ 69.00p Value: £66,571