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.
Comments (2)
Is this even allowed? Isn’t it called something when you trade shares knowing the financial results before reporting to the stock market?
Clear message to the troops then. I’ve got a heck of a lot more money than you have! Merry Xmas.