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Rurelec non-exec nearly doubles stake, Alent's Larsberg continues to build stake

Mon, 25th Nov 2013 16:14

Rurelec, which owns, operates and develops power generation capacity internationally, announced on Monday that at the end of last week Larry Coben, an independent Non-Executive Director, purchased 400,000 ordinary shares in the group at 13.25p each. The £53,000 purchase takes Coben's stake in the group to 900,000 shares. The deal was carried out the same day the company announced the sale of two of its high efficiency Jenbacher 616 gas engines of two megawhatt capacity each for a total purchase price of £1.2m. The sale forms part of the company's plan to focus on its portfolio of large power plant developments in Chile and Peru.Also worth noting is a further purchase by Lars Forberg, who is one of Alent's Non-Executive Directors and also a co-founder of major stake holder Cevian Capital. Forberg, who made multiple share purchases in the chemical company last week, has acquired a further 1.05m shares at 324p a piece for a total of £3.49m shares. Swedish-born Förberg, who joined Alent's board in October 2012, now has an interest in 61.1m shares in the company, equal to a 21.94% stake, all of which is held by international investment firm Cevian Capital.Top Director BuysAlent (ALNT) Director name: Mr Lars FörbergAmount purchased: 1,048,154 @ 324.00p Value: £3,396,019General Electric Co (GEC) Director name: Mr W. Geoffrey BeattieAmount purchased: 5,000 @ € 19.94 Value: € 99,696Rurelec (RUR) Director name: Mr Lawrence Stephen CobenAmount purchased: 400,000 @ 13.25p Value: £53,000Alent (ALNT) Director name: Mr Peter John HillAmount purchased: 13,000 @ 325.43p Value: £42,306Kofax (KFX) Director name: Mr Mark WellsAmount purchased: 10,000 @ 383.00p Value: £38,300Alent (ALNT) Director name: Mr Mark WilliamsonAmount purchased: 8,000 @ 324.50p Value: £25,960Grafton Group Units (GFTU) Director name: Mr David ArnoldAmount purchased: 4,000 @ 634.64p Value: £25,386Sepura (SEPU) Director name: Mr Gordon StuartAmount purchased: 15,000 @ 126.90p Value: £19,035Paragon Diamonds (PRG) Director name: Mr Stephen Carl Grimmer Amount purchased: 400,000 @ 4.00p Value: £16,000Paragon Diamonds (PRG) Director name: Mr Martin Doyle Amount purchased: 300,000 @ 4.00p Value: £12,000NR
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14 Aug 2013 16:01

Sector movers: Imagination boosts tech stocks higher

Strong gains from FTSE 250 chip designer Imagination Technologies gave the technology sector a lift on Wednesday, with shares rebounding after their recent weakness. The stock slumped to a 52-week and three-year low of 235.1p on July 31st on concerns over market share losses, but has risen strongly

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27 Jun 2013 07:36

Thursday broker round-up UPDATE

Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi

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5 Jun 2013 08:15

Wednesday tips round-up: Sepura, RBS, Chemring

British outfit Sepura offers tantalising prospects, according to one analyst cited by Tempus. The company, which manufactures radios specifically designed for emergency services or for clients who require kit robust enough for extreme conditions, has just been sanctioned to sell its products in the

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4 Jun 2013 07:25

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

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17 Apr 2013 09:03

STOCKS NEWS EUROPE-UK small caps down 0.2 pct, outperform market

UK small caps shed 0.2 percent, outperforming the mid-caps and the blue chips, down 0.5-0.6 percent. Shares in Amerisur Resources rise 1.4 percent as the South America-focused oil and gas producer reports a nearly 500 percent rise in full-year (FY) profit helped by a steep increase in prod

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17 Apr 2013 07:20

Wednesday broker round-up UPDATE

African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit

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28 Jan 2013 08:04

Monday broker round-up - UPDATE

Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati

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25 Jul 2012 16:16

Advanced Computer Software Chairman sells 445,000 shares

Michael Jackson, the Chairman of Advanced Computer Software Group, sold 445,376 ordinary shares in the healthcare and business management software company at a price of 55p per share. The £244,957 sale, which was made for "personal reasons", takes Jackson's total stake in the company to just under

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13 Jun 2012 08:25

Sepura hails return to strong growth

Shares of Sepura, maker of digital mobile radios, rose after it revealed an increase in annual pre-tax profit and said it expects stronger growth in the current financial year. The Cambridge based firm said pre-tax profit rose to €4.58m in the year ended March 30 from €2.76m the year earlier. The g

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16 May 2012 15:18

Small caps round-up: Sepura, ReNeuron, Angel Bio ...

Sepura, the developer and supplier of TETRA digital radios, has acquired 3T Communications, a supplier of TETRA infrastructure, for an initial cash consideration of 8m euros. The final price could increase by up to 5m euros, depending on 3T's trading performance. Austrian firm 3T designs and impleme

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17 Apr 2012 07:56

Strong sales continue at Sepura

Digital radio maker Sepura said profit for the year ended march 2012 is expected to come in comfortably ahead of market expectations after strong sales and significant cost savings following its restructuring programme. The Cambridge based firm, which provides communications to the military, transp

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15 Nov 2011 09:55

Tuesday broker round-up - UPDATE

Lonmin: Goldman Sachs downgrades to sell from neutral. Antofagasta: Evolution Securities upgrades from sell to neutral, target cut from 1,200p to 1,110p. Standard Chartered: Evolution Securities maintains neutral rating and 1,800p target. Burberry: Merchant Securities keeps buy rating. Burberry:

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20 Sep 2011 16:34

Intertek chairman sells more shares

Vanni Treves, chairman of the FTSE 100-listed testing company Intertek, has offloaded a big chunk of shares, netting nearly £200,000. He sold 10,000 shares at 1,980p a time and still has 20,000. The shares have been hit by the general market decline since April, when Treves sold 24,048 shares at 2

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23 Jun 2011 06:50

Thursday tips round-up: Imagination, AstraZeneca, Sepura

Imagination Technologies takes licensing payments when a chipmaker adopts its technology and then royalties when the completed chips are used in their end product, a mobile phone, tablet or whatever. The problem for the market is twofold. One, the shares are on a multiple that, even for the sector,

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22 Jun 2011 07:22

Sepura revenue declines, confident outlook

TETRA digital radio provider Sepura posted an 11% drop in annual revenue following delays in shipments however it remains confident about its long-term growth prospects. Operating profit for the year ended 1 April 2011 slumped to £3.8m from £9.5m the same time a year earlier. Revenue for the year f

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