Vislink - Exciting times ahead.

Here's how ShareCast reported this evening:


Vislink boss sells swathe of options
Tue 02 Jan 2007

LONDON (SHARECAST) - Vislink, the firm that makes CCTV surveillance equipment, is starting the new year in robust shape having won a clutch of new orders recently.

Shares in the firm have risen by more than 130% in the last year alone, helped in part by a string of contracts in America.

Ian Scott Gall, chief executive of Vislink, has now moved to exercise 650,000 options in the group at 26.5p per share. Gall then sold the lot at 100p per share for £650,000.

The sale, which after exercise costs generated a profit of £477,000, leaves Gall with a stake of 1.12m shares, equivalent to some 0.81% of the issued share capital.

Since its half year results in August that saw pre-tax profits triple to £6.1m from £2.1m a year earlier and turnover rise to £50.7m from £35.7m last time Vislink has stormed ahead.

A pre-close trading update is due at the end of the month with results currently scheduled for March.