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Thomas Cook ShareCast News (TCG)
ShareCast News for Thomas Cook (TCG)
| Share Price: 126.50 | Bid: 126.00 | Ask: 126.40 | Change: 0.50 (+0.40%) |  | ||||||
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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
Thursday broker round-up UPDATE
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation.[6 Jun '13]
Thomas Cook completes capital reorganisation
Thomas Cook announced Tuesday the completion of its capital reorganisation.[4 Jun '13]
STOXX announces changes to Europe 600 Index
STOXX Limited has announced the addition and deletion of UK company stocks from its Europe 600 Index as part of a quarterly review.[29 May '13]
Thomas Cook secures aircraft financing
FTSE 250-listed travel company Thomas Cook Group has reported that GECAS has agreed to acquire six A321-200s directly from Airbus, further to a purchase agreement between Thomas Cook and Airbus dated January 25th 2011.[29 May '13]
Broker tips: StanChart, AVEVA, Thomas Cook
Investec has maintained its 'buy' rating and 1,900p target price for emerging markets-focused lender Standard Chartered, saying that the stock remains its top pick in the banking sector.[24 May '13]
Broker snap: Panmure upgrades Thomas Cook, sees dividends by 2015
Panmure Gordon has upgraded its rating for travel operator Thomas Cook by two notches from 'sell' to 'buy' and hiked its target price from 54p to 164p following last week's interim results and capital reorganisation.[24 May '13]
Friday broker round-up UPDATE
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating.[24 May '13]
Thursday broker round-up UPDATE
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation.[23 May '13]
