Alumasc CEO builds stake as shares tank – MoneyWeek

Reportedprofitbeforetaxforthehalfyeardroppedfrom£1。

9mto£0。

7m,hitbyariseinthecostofsalestosupportarecentsurgeindemand。

Hooper,whowasappointedChiefExecutiveinMarch2003havingjoinedAlumascasGroupManagingDirectorinApril2001,purchased37,856sharesat92peach。

Inastatementaboutthecompanysperformance,hesaid:managementistakingalltheactionsnecessarytorestoreprofitabilityafteradisappointingfirsthalf,albeitinachallengingenvironment,andweanticipateanimprovedperformancefortheremainderofthecurrentyear。

Atthesametime,wearecontinuingtoinvestindevelopinggrowthopportunitiesacrossthebusiness。

TopDirectorBuys

BankofAmericaCorp。

(BAC)

Directorname:MrDonaldE。

Powell

Amountpurchased:11,000@$7。

95

Value:$87,450

BankofAmericaCorp。

(BAC)

Directorname:MrDonaldE。

Powell

Amountpurchased:7,000@$8。

09

Value:$56,629

M。

P。

EvansGroup(MPE)

Directorname:MrJamesDerekShaw

Amountpurchased:10,000@441。

00p

Value:£44,100

TelecomPlus(TEP)

Directorname:MrJulianSchild

Amountpurchased:5,000@649。

00p

Value:£32,450

TelecomPlus(TEP)

Directorname:MrJulianSchild

Amountpurchased:5,000@647。

50p

Value:£32,375

SoundOil(SOU)

Directorname:MrGeraldOrbell

Amountpurchased:1,000,000@1。

40p

Value:£14,000

NR

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