GETECH director sells third of stake

20th Nov 2012 16:58

Peter Stephens, a Non-Executive Director of GETECH, an oil services business specialising in the provision of exploration data and geological exploration studies, earned a tidy sum after trading in around a third of his stake in the company. Stephens sold 550,000 ordinary shares at 42.00p each for a total of £0.23m, taking his holding in the company to one million shares, equal to 3.42% of the issued share capital. Three weeks ago, the group posted a leap in pre-tax profit to £1.25m in the year ended July 31st from £0.67m the year before, on turnover that rose to £6.44m from £5.33m. The company's Chairman, Stuart Paton, said that continued high oil prices have led to companies expanding their international exploration efforts, resulting in increased requirements for its products. GETECH's share price has more than doubled over the last year, equal to an increase of 22.25p, although the stock has dipped 4.5% over the past month.Top Director BuysBanco Santander SA (BNC) Director name: Ms Ana Patricia BotinAmount purchased: 7,971,625 @ 391.05p Value: £31,173,040Banco Santander SA (BNC) Director name: Mr Francisco Javier BotinAmount purchased: 6,794,391 @ 391.05p Value: £26,569,466FBD Holdings (FBH) Director name: Mr Andrew LangfordAmount purchased: 5,000 @ € 9.45 Value: € 47,250Global Energy Development (GED) Director name: Mr Stephen C VossAmount purchased: 25,000 @ 93.00p Value: £23,250Penna Consulting (PNA) Director name: Mr Graham PatonAmount purchased: 20,000 @ 88.30p Value: £17,660El Oro Ltd (ELX) Director name: Mr Robert E. WadeAmount purchased: 15,880 @ 98.00p Value: £15,562Lowland Investment Co (LWI) Director name: Mr Peter TroughtonAmount purchased: 1,173 @ 955.00p Value: £11,202Top Director SellsGETECH Group (GTC) Director name: Mr Peter StephensAmount sold: 550,000 @ 42.00p Value: £231,000Intertek Group (ITRK) Director name: Mr Lloyd PitchfordAmount sold: 5,157 @ 2,810.00p Value: £144,912A&J Mucklow Group (MKLW) Director name: Mr Justin ParkerAmount sold: 28,874 @ 356.00p Value: £102,791A&J Mucklow Group (MKLW) Director name: Mr David WooldridgeAmount sold: 18,508 @ 356.00p Value: £65,888A&J Mucklow Group (MKLW) Director name: Mr David WooldridgeAmount sold: 18,508 @ 356.00p Value: £65,888