Iain Paterson, the non exec Chairman of ITE Group PLC (ITE, 150p) in March sold nearly all his share 243,000, at 141p (would this be for tax reasons?).

He has now started to buy them back, investing £71k on May 1st (bought 50,000 shares at 142.5p) and £74k on May 6th (50,000 shares at 148.3p). He now owns 148,000 shares.

ITE is an organiser of trade exhibitions and conferences. Think Russia, Oil, Gas – all highly cashed up growth areas. So do you expect a good set of interim results on May 19th? I bet Paterson does.