Market News

Director dealings: Saga chief picks up shares as stock falls to 2014 lows

07/12/2017 16:06

(ShareCast News) - Saga chief Lance Batchelor picked up a batch of shares in the company he leads even as the stock plummeted in the wake of its latest trading update. On 6 November, the top executive at the specialist in products and services for those aged over 50 purchased 71,997 shares at 138.2p apiece, for a total transaction amount of £99,499.85, the company said in a statement. Earlier that same day, Saga told investors that growth in underlying profit before tax for the year to 31 January 2018 was expected to be between 1% and 2%, sending the shares crashing back to the lows last seen in 2014 - following its initial public offering. Management referenced "more challenging trading" in insurance broking during the period and the Monarch Airlines administration as the chief factors impacting upon its guidance. Reacting to the announcement, analysts at Numis marked down their target price for the shares by 55p to 180p, but moved their recommendation from 'add' to 'buy'. "With implied upside of 30% from today's reduced share price we move to a BUY rating, albeit we think a recovery could be slow given significantly reduced market confidence in earnings forecasts." Top Director Buys Vpc Specialty Lending Investments (VSL) Director name: Levy,Richard Amount purchased: 459,194 @ 75.76p Value: 347,885.38£ Tritax Big Box Reit (BBOX) Director name: Adams,Aubrey Amount purchased: 100,000 @ 143.90p Value: 143,900.00£ Saga (SAGA) Director name: Batchelor,Lance Amount purchased: 71,997 @ 138.20p Value: 99,499.85£ Henderson International Income Trust (HINT) Director name: Robinski,Katarzyna Amount purchased: 60,000 @ 165.00p Value: 99,000.00£ Vpc Specialty Lending Investments (VSL) Director name: Levy,Richard Amount purchased: 76,235 @ 75.50p Value: 57,557.42£ Assura (AGR) Director name: Murphy,Jonathan Amount purchased: 70,175 @ 57.00p Value: 39,999.75£ Shaftesbury (SHB) Director name: Little,Jill C Amount purchased: 2,997 @ 993.38p Value: 29,771.45£ Zegona Communications (ZEG) Director name: Williams,Richard Amount purchased: 17,200 @ 142.00p Value: 24,424.00£ Vitesse Media (VIS) Director name: Gray ,Fraser Amount purchased: 556,085 @ 2.70p Value: 15,014.30£ Henderson Opportunities Trust (HOT) Director name: Jones,Peter Amount purchased: 1,250 @ 1,046.52p Value: 13,081.50£ Primorus Investments (PRIM) Director name: Clayton,Alastair Amount purchased: 3,500,000 @ 0.20p Value: 7,000.00£ Rolls-royce Holdings (RR.) Director name: Chapman,Frank Amount purchased: 471 @ 841.00p Value: 3,961.11£ Primorus Investments (PRIM) Director name: Clayton,Alastair Amount purchased: 1,500,000 @ 0.20p Value: 2,925.00£ Rolls-royce Holdings (RR.) Director name: Smith,Kevin Amount purchased: 314 @ 841.00p Value: 2,640.74£ Rolls-royce Holdings (RR.) Director name: Davis ,Ian Amount purchased: 235 @ 841.00p Value: 1,976.35£ Rolls-royce Holdings (RR.) Director name: Cairnie ,Ruth Amount purchased: 231 @ 841.00p Value: 1,942.71£ Rolls-royce Holdings (RR.) Director name: Yang,Lee Hsien Amount purchased: 117 @ 841.00p Value: 983.97£ Cmc Markets (CMCX) Director name: Foley,Grant Amount purchased: 176 @ 171.34p Value: 301.56£ Cmc Markets (CMCX) Director name: Fineberg,David Amount purchased: 176 @ 171.34p Value: 301.56£ Judges Scientific (JDG) Director name: Ormsby,Bradley Leonard Amount purchased: 8 @ 1,955.00p Value: 156.40£ Judges Scientific (JDG) Director name: Cicurel,David Amount purchased: 8 @ 1,955.00p Value: 156.40£ Fidessa Group (FDSA) Director name: Waltho,Jonathan Amount purchased: 4 @ 2,482.55p Value: 99.30£ Top Director Sells Camper & Nicholsons Marina Investments Ltd.

(CNMI) Director name: Bralsford,Martin Amount sold: 5,854,349 @ 8.50p Value: 497,619.67£ Camper & Nicholsons Marina Investments Ltd.

(CNMI) Director name: Lewinton,Christopher Amount sold: 5,189,050 @ 8.50p Value: 441,069.25£ Camper & Nicholsons Marina Investments Ltd.

(CNMI) Director name: Whiley,Clive Amount sold: 2,750,000 @ 8.50p Value: 233,750.00£ Versarien (VRS) Director name: Leigh,Christopher Amount sold: 278,720 @ 73.64p Value: 205,249.41£ Versarien (VRS) Director name: Leigh,Christopher Amount sold: 250,000 @ 74.00p Value: 185,000.00£ Travis Perkins (TPK) Director name: Williams,Alan Amount sold: 11,578 @ 1,534.00p Value: 177,606.52£ World Careers Network (WOR) Director name: Moore,David Amount sold: 16,000 @ 205.00p Value: 32,800.00£

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