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Director dealings: Tracsis CFO lowers stake

Mon, 14th Dec 2020 16:54

(Sharecast News) - Tracsis revealed on Monday that chief financial officer Max Cawthra had disposed of 75,000 ordinary shares in the AIM-listed software group.
Cawthra, who joined Tracsis over a decade ago, sold the shares at an average price of 638.70p each, for a total value of £479,025.01.

Back in August, Tracsis said full-year earnings were on track to come in lower in 2020 as a result of the impact of the Covid-19 pandemic on the transport industry.

Tracsis expects adjusted underlying earnings for the year ended 31 July will be down from last year's £10.5m, while the company's EBITDA margin was pegged to be roughly 20% - a slight contraction versus the 21% recorded a year prior.

As of 1645 GMT, Tracsis shares were up 2.42% at 635.0p.

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Director name: Cawthra ,Max
Amount sold: 75,000 @ 638.70p
Value: £479,025.01

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