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| Share Price: 448.40 | Bid: 447.80 | Ask: 448.10 | Change: 0.00 (0.00%) |  | ||||||
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Tracsis tech officer ditches shares
Wed, 6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012.
Tracsis is a developer, supplier and aggregator of resource optimisation, data capture and reporting technologies to the transport industries.
Kwan sold the shares for 75p each for a total of £562,500 on June 1st, reducing his stake in the firm to 1,899,850 shares. His wife holds 226,000 shares, which together with Kwan's stake totals 8.6% of the issued share capital of the firm.
On the same day as the trading update, the company announced that profits would be ahead of expectations for the full-year period.
According to market consensus, revenue for the full year is currently expected to be £6.84m, pre-tax profit at £1.90m, earnings per share at 6.10p, with a dividend of 0.50p.
Tracsis shares have risen 72% in the past year, compared with the support services industry as a whole, which is down 1.9%.
Top Director Buys
AFI Development (AFRB)
Director name: Mr Lev Leviev
Amount purchased: 9,053,307 @ $0.50
Value: $4,526,654
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 162,000 @ 71.71p
Value: £116,170
Hardy Oil & Gas (HDY)
Director name: Mr Alasdair Locke
Amount purchased: 75,000 @ 125.00p
Value: £93,750
ITE Group (ITE)
Director name: Mr Marco Sodi
Amount purchased: 25,000 @ 184.00p
Value: £46,000
IFG Group (IFP)
Director name: Mr Colm Barrington
Amount purchased: 32,420 @ 105.12p
Value: £34,080
Mecom Group (MEC)
Director name: Mr Michael Hutchinson
Amount purchased: 38,000 @ 78.00p
Value: £29,640
Ocean Wilsons Holdings Ltd. (OCN)
Director name: Mr Chris Townsend
Amount purchased: 2,500 @ 1,050.00p
Value: £26,250
Renold (RNO)
Director name: Mr John Allkins
Amount purchased: 75,000 @ 33.50p
Value: £25,125
Thomas Cook Group (TCG)
Director name: Mr Roger Burnell
Amount purchased: 60,000 @ 18.16p
Value: £10,896
Top Director Sells
Tracsis (TRCS)
Director name: Dr. Raymond Kwan
Amount sold: 750,000 @ 75.00p
Value: £562,500
Canaccord Financial Inc. (CF.)
Director name: Mr Peter MacLachlan Brown
Amount sold: 43,054 @ 344.40p
Value: £148,278
Electrocomponents (ECM)
Director name: Mr Ian Mason
Amount sold: 42,571 @ 196.21p
Value: £83,529
Intermediate Capital Group (ICP)
Director name: Mr Philip Keller
Amount sold: 19,664 @ 241.05p
Value: £47,400
Electrocomponents (ECM)
Director name: Mr Simon Boddie
Amount sold: 21,286 @ 196.21p
Value: £41,765
Tracsis is a developer, supplier and aggregator of resource optimisation, data capture and reporting technologies to the transport industries.
Kwan sold the shares for 75p each for a total of £562,500 on June 1st, reducing his stake in the firm to 1,899,850 shares. His wife holds 226,000 shares, which together with Kwan's stake totals 8.6% of the issued share capital of the firm.
On the same day as the trading update, the company announced that profits would be ahead of expectations for the full-year period.
According to market consensus, revenue for the full year is currently expected to be £6.84m, pre-tax profit at £1.90m, earnings per share at 6.10p, with a dividend of 0.50p.
Tracsis shares have risen 72% in the past year, compared with the support services industry as a whole, which is down 1.9%.
Top Director Buys
AFI Development (AFRB)
Director name: Mr Lev Leviev
Amount purchased: 9,053,307 @ $0.50
Value: $4,526,654
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 162,000 @ 71.71p
Value: £116,170
Hardy Oil & Gas (HDY)
Director name: Mr Alasdair Locke
Amount purchased: 75,000 @ 125.00p
Value: £93,750
ITE Group (ITE)
Director name: Mr Marco Sodi
Amount purchased: 25,000 @ 184.00p
Value: £46,000
IFG Group (IFP)
Director name: Mr Colm Barrington
Amount purchased: 32,420 @ 105.12p
Value: £34,080
Mecom Group (MEC)
Director name: Mr Michael Hutchinson
Amount purchased: 38,000 @ 78.00p
Value: £29,640
Ocean Wilsons Holdings Ltd. (OCN)
Director name: Mr Chris Townsend
Amount purchased: 2,500 @ 1,050.00p
Value: £26,250
Renold (RNO)
Director name: Mr John Allkins
Amount purchased: 75,000 @ 33.50p
Value: £25,125
Thomas Cook Group (TCG)
Director name: Mr Roger Burnell
Amount purchased: 60,000 @ 18.16p
Value: £10,896
Top Director Sells
Tracsis (TRCS)
Director name: Dr. Raymond Kwan
Amount sold: 750,000 @ 75.00p
Value: £562,500
Canaccord Financial Inc. (CF.)
Director name: Mr Peter MacLachlan Brown
Amount sold: 43,054 @ 344.40p
Value: £148,278
Electrocomponents (ECM)
Director name: Mr Ian Mason
Amount sold: 42,571 @ 196.21p
Value: £83,529
Intermediate Capital Group (ICP)
Director name: Mr Philip Keller
Amount sold: 19,664 @ 241.05p
Value: £47,400
Electrocomponents (ECM)
Director name: Mr Simon Boddie
Amount sold: 21,286 @ 196.21p
Value: £41,765
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FTSE 250 movers: Heritage Oil jumps as product ramps back up
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels.[12 Jun '13]
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M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime.[12 Jun '13]
London open: Stocks flat on fragile market sentiment
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks.[12 Jun '13]
London pre-open: Stocks to fall ahead of busy day for data
Ahead of a busy day on the economic data front, stocks are expected to open sharply lower on Wednesday, with City sources predicting that the FTSE 100 will open around 50 points lower from yesterday's close of 6,559.[5 Jun '13]
Intermediate Capital closes real-estate fund after reaching maximum size
Intermediate Capital Group (ICG), the FTSE 250-listed asset manager, is to close its real-estate debt fund ICG-Longbow Fund III at its maximum size of 700m pounds.[5 Jun '13]
Thursday broker round-up UPDATE
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation.[23 May '13]
London close: Bernanke's dovish tone sparks surge late on
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs.[22 May '13]
