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GETECH Group

  • BY: Andrew Hore |
  • POSTED: 29/07/2010 |

Oil exploration data services provider GETECH Group says trading continues to recover in the second half.

Management expects to report an operating profit in the six months to July 2010 but there will still be a loss for the year as a whole.

Chief executive Raymond Wolfson bought 30,000 shares at 12p each after the interim figures were announced. Since then, chairman Peter Stephens has acquired 70,000 shares at prices between 11p and 15p a share.

At 17.5p a share, up 1p, GETECH is valued at £5.12m.

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