Roger Taylor of TalkTalk (TALK) has put his money where his mouth is: the non-executive director recently shelled out £3.2m for 2m shares in the cut-price telecoms group. He may regret the timing of his purchases, which came days before management admitted that some of its customers were affected by an attack on certain types of internet routers.
Mr Taylor, the former boss of Carphone Warehouse, joined TalkTalk's board in November 2015, soon after a major cyber attack put the personal information of 157,000 customers at risk. He may have snagged a bargain: TalkTalk's shares have slumped a fifth since it reported lower revenue and the loss of 29,000 core users in its half-year results in November. Yet the group's outlook has arguably brightened: management expects attractive products and efficiency gains to fuel growth in subscribers and revenues in the year to March 2018.