LSL chief executive Ian Crabb has bought £159,600 worth of shares.
He has bought 56,000 shares at 285p each in the firm, whose brands include Your Move, Reeds Rains and Marsh & Parsons.
The firm is more upbeat than most other listed estate agencies. It recently announced that it expects its full year profits to be marginally ahead of expectations after a 2.6% growth in revenues in the four months to the end of October.
In that period, although residential sales fell 2%, lettings revenue grew 4% and financial services was up 17%.
The shares have risen from 240p to 286p in the past three weeks, and by 42% over the past 12 months.
Clear message to the troops then. I’ve got a heck of a lot more money than you have! Merry Xmas.
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Is this even allowed? Isn’t it called something when you trade shares knowing the financial results before reporting to the stock market?
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