Misys'(MSY. 137p) CEO, CFO and Chairman have increased their positions by between 14%, 50% and 60% respectively, buying shares at between 135p and 136p last Friday.

Results imminent? No. We had an interim update (upbeat) and a share placing (at 175p) on the 18th March.

Track record? No. Management have been buying shares down from 248 to present levels since last year.

So why look at Misys?

1. Significant increase in positions (50-60%)

2. Three senior bods buying £70-£135k of shares each

3. Misys is one year into ‘Turnaround Strategy’, which should go some way to insulating them from the expected downturn in demand from banking customers.

So one for the watchlist, or for the long term investors.

See subsequent post of July 30th- ‘Misys- directors continue to buy- in size’.