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ShareCast News


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

Thu, 7th Dec 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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