Michael Rosehill, non-executive director of premium cinema group Everyman (EMAN) has bought 2.5 million shares at 55p for a total value of £1.375 million on 20 October.

Rosehill is also a director of Blue Coast Capital – a private equity group.

Blue Coast Capital now owns 20,093, 639 shares in the premium cinema group or 22.9% of the company’s issued share capital.

Year-to-date Everyman’s shares are down 30% to the 57p mark.

Russ Mould, investment director at AJ Bell said: ‘Keep an eye on private equity group Blue Coast as it clearly sees value in the business.

‘If the market won’t accurately value shares in a company, the trend is for someone to take that business private – and the stake building in Everyman implies it could be one of the next candidates to disappear from the stock market.’

NEW 888 CEO WIDERSTROM BUYS NEARLY £950,000 SHARES

Per Widerstrom, CEO of global online gambling firm 888 Holdings (888) has bought 1,125,539 shares shares at 84p for a total value of £948,829 on 20 October.

The purchase comes after 888 recently lowered its full-year profit guidance amid weaker-than-expected third quarter trading in September.

Widerstrom’s purchase could be seen as an attempt to build up confidence in the global online gambling firm due to his recent appointment as CEO on 16 October.

888 shares are down 2% year-to-date at around 85p.

DISCLAIMER: Financial services company AJ Bell referenced in this article owns Shares magazine. The author of this article (Sabuhi Gard) and the editor (Martin Gamble) own shares in AJ Bell.

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