31-08-2006 - Printing.com - Printing.com slide prompts buying - Sharecast
LONDON (SHARECAST) - Printing.com continued its recovery today as directors bought into the franchised printing retail outlet following a dire performance during the past month.In late July, the group warned that trading had been soft resulting in transactional volumes below expectations, causing it to take a cautious view in the short term.
The shares tumbled from more than 65p to 42.5p, their lowest in over a year.
Chief executive Tony Rafferty decided the fall has gone far enough as he splashed out almost £50,000 on 104,000 shares at 48p each. He now owns 9.16m shares or 20.47% of the group.
Chairman George Hardie coughed up nearly £25,000 for 52,000 at the same price, while operations director Peter Gunning acquired 20,800 shares, also at 48p.