News blog

1st Dental Laboratories

  • BY: Andrew Hore |
  • POSTED: 27/04/2010 |

Peter Gyllenhammar has reduced his stake in 1st Dental Laboratories by a further 950,000 shares. 

Gyllenhammar has sold 2.05m shares in the dental labs operator in just over one week. The remaining stake is 5.6%.

The share price, which peaked at 5.375p a share, has been slipping back. At 4.62p a share, 1st Dental is valued at 1.94m. .

The mid-price was 2.75p when Gyllenhammar acquired his shares. He is likely to have made a good turn on the shares he has sold.

1st Dental says that it expects to return to profit in the six months to May 2010.

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