AT Communications, which is described by Biddicks Financial PR as being ‘basically a small BT’, put out a trading update yesterday saying that full year results would be in line with expectations.
It also announced that it had re banked with HBoS. Cenkos its broker said a re-rating is due with CEO Alex Tupman buying 400,000 shares with Ian Crawley buying a further 100,000.
Tupman also bought 500,000 shares in the company last November, a move that at the time took his total holding up to 16.3%.