LONDON (ShareCast) - Diploma chairman John Rennocks has bought a further 53,666 shares in the components distributor which has lost a third of its value since October last year.

Rennocks paid 164.5p a share for the additional stake at a cost of more than £88,000, having spent nearly £62,000 on three tranches of shares over the past two months.

Last week the firm said trading in the first quarter has continued to be positive and added that it is making good progress towards achieving its expectations for the full year.

The contributions from the three acquisitions completed in August last year have resulted in a 20% rise in revenue in the period from 1 October to 31 December, in line with expectations.

Top Director Buys

Diploma (DPLM)
Director name: Mr John L Rennocks
Amount purchased: 53,666 @ 164.50p
Value: £88,281

SABMiller (SAB)
Director name: Mr John Davidson
Amount purchased: 5,000 @ 1,120.00p
Value: £56,000

Redhall Group (RHL)
Director name: Mr Ian P Butcher
Amount purchased: 20,000 @ 218.00p
Value: £43,600

Associated British Foods (ABF)
Director name: Mr Peter Smith
Amount purchased: 2,000 @ 818.00p
Value: £16,360

Alexandra (AXD)
Director name: Mr Christopher (Chris) Marsh
Amount purchased: 20,000 @ 79.00p
Value: £15,800

Public Service Properties Investments (PSPI)
Director name: Mr Richard Hugh Barnes
Amount purchased: 15,000 @ 101.00p
Value: £15,150

Xtract Energy (XTR)
Director name: Mr Andrew John Gowdy Morrison
Amount purchased: 500,000 @ 3.00p
Value: £15,000

TXO (TXO)
Director name: Mr Michael Chandler
Amount purchased: 400,000 @ 3.00p
Value: £12,000

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