The end may be in sight for Savile Group's pounding

Shares in Savile Group, the AIM-listed human resources specialist, have taken a terrible battering.

Trading at around 10p today, they were 80p just 18 months ago.

However, a swoop by executive chairman Jonathan Cohen may indicate that the worst is over. he recently paid just over £20,000 to snap up 235,526 shares at
8.51p each.

Is the end nigh? Shares in Savile Group, the AIM-listed human resources specialist, have taken a terrible battering

Is the end nigh? Shares in Savile Group, the AIM-listed human resources specialist, have taken a terrible battering

Within a few days the price had gone up to 12.5p, booking him a paper profit of 47 per cent, though the stock has come back a little since then.

 

Cohen now holds nearly 2.4m shares in the company, which helps businesses develop their staff's potential.

Non-executive director Peter Conroy made a similar-sized investment at the same price, bringing his holding up to around 2m shares.

For more information on this or other deals in the boardroom go to www.directorsholdings. com.