Date: Thursday 03 Jan 2008
LONDON (ShareCast) - Patrick Paul, a non-executive director at retinal screener specialist Optos, has made his second buy over the holiday period, picking up 50,000 shares at 120p. Just before the year-end Paul bought 25,000 shares at 126p.
Optos's fortunes seem to be on the up, as increased obesity in the west has caused a surge in the number of cases of diabetes, which involve an eye-scan as part of the treatment.
The company earned $1.6m in pre-tax profits in the year to September, compared with losses of $1.1m the year before with the company saying that the obesity epidemic in the US and Europe had given a major boost to demand
Paul now holds about 5.1m Optos shares, representing approximately 7.42% of the total.
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