Director Dealings - News

LONDON (ShareCast) - There's been heavy buying of investment company Parkmead recently, with bosses keen to snap up stock near historic lows.

Non-executive chairman Colin Goodall and non-executive director Thomas Cross both bought 10m shares at 1p each.

The £100,000 purchases take former BP man Goodall's stake to 12m shares, or 3.26% of the business, and the holding of Cross, also CEO at Dana Petroleum (LSE: DNX.L - news) , up to 14m shares, or 3.8%.

Parkmead chief Niall Doran chipped in with a more modest acquisition, adding 2m shares, or £20,000 worth, to his holding. He owns almost 10% of the company.

A month ago, the group reported an operating loss of £1.11m in the six months to December, out from 1m in 2007. After impairment and other net losses, it posted a loss before tax of £4.27m versus £660,000 the year before.

The company has two investments in listed companies, Faroe Petroleum (LSE: GB0033032904.L - news) and Reservoir Exploration Technology (Oslo: RXT.OL - news) and a debenture investment in Transeuro Energy.

Top Director Buys

Volga Gas (LSE: VGAS.L - news) (VGAS) Director name: Mr Mikhail Ivanov Amount purchased: 166,550 @ 61.19p Value: £101,912

Parkmead (PMG) Director name: Mr Thomas P Cross Amount purchased: 10,000,000 @ 1.00p Value: £100,000

Parkmead (PMG) Director name: Mr Colin R Goodall Amount purchased: 10,000,000 @ 1.00p Value: £100,000

Whitbread (LSE: WTB.L - news) (WTB) Director name: Mrs Wendy Becker Amount purchased: 3,500 @ 843.80p Value: £29,533

Spirax-Sarco Engineering (SPX (NYSE: SPW - news) ) Director name: Mr Bill Whiteley Amount purchased: 3,000 @ 785.00p Value: £23,550

Parkmead (PMG) Director name: Mr Niall Doran Amount purchased: 2,006,061 @ 1.00p Value: £20,061

Diamond Circle Capital (DIAM) Director name: Mr Rupert Cottrell Amount purchased: 2,500 @ $5.38 Value: $13,438

SIG (SIGN.SW - news) (SHI) Director name: Mrs V. Murray Amount purchased: 11,500 @ 89.60p Value: £10,304

Top Director Sells

Sage Group (LSE: SGE.L - news) (SGE) Director name: Mr Paul Harrison Amount sold: 186,567 @ 182.90p Value: £341,231

Volga Gas (VGAS) Director name: Mr Vladimir Koshcheev Amount sold: 166,550 @ 61.19p Value: £101,912

Clarkson (LSE: CKN.L - news) (CKN) Director name: Dr R M Stopford Amount sold: 20,000 @ 628.50p Value: £125,700

Quintain Estates & Development (QED) Director name: Mr Adrian Wyatt Amount sold: 56,093 @ 53.00p Value: £29,729