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Doyen of motor retailing sells Lookers

A non-executive director of motor retailer Lookers (LOOK) has sold 10m shares in the group.
March 26, 2015

At first glance it might seem alarming that a Lookers (LOOK) board member has offloaded 10m shares in the car retailer. But investors shouldn't fear: the man behind the sale, Tony Bramall, remains the largest shareholder in Lookers, owning a 16 per cent slice of the company, which clearly shows he's committed to the business. What's more, it was actually his family vehicle that sold off the shares, rather than Mr Bramall himself, presumably for wider wealth management planning purposes. Accordingly, the sale shouldn't be interpreted as a negative view on the stock.

IC TIP: Buy at 149p

Mr Bramall has been a non-executive director on the Lookers board since 2006 and is widely known as the doyen of the motor retail industry. He founded CD Bramall, which he sold to Pendragon in 2004 for £230m. In that year he started his third motor dealership, Jones and Bramall, which was sold to Lookers in 2010.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
1pm Ron Russell18 Mar 1540,00054.4821,7907,388,68420.011
Aldermore  Cathy Turner16 Mar 1542,33623599,49042,3360.012
Aldermore  John Hitchins13 Mar 1520,000225.8645,17220,0000.006
Aldermore  Glyn Jones (ch)13 Mar 15108,150230248,745686,4310.202
Capital Gearing Trust ♥Alastair Laing16 Mar 151,6873,23954,6422,9640.101
Cineworld  Eric Senat16 Mar 1526,937482.75130,03853,8740.020
CLS Holdings Fredrik Widlund (ce)13 Mar 151,0001,70817,08016,0000.037
De La Rue Martin Sutherland (ce)13 Mar 1511,169537.1459,99311,1690.011
Deltex Medical  Paul Mitchell (fd)17 Mar 15145,019686994,830654,8310.307
Deltex Medical  Tim Irish13 Mar 15500,000525,0001,848,4840.868
Deltex Medical  Tim Irish17 Mar 151,000,0006.47564,7502,848,4841.337
Deltex Medical  Sir Duncan Nichol14 Mar 15180,0005.49,7201,166,9120.550
Deltex Medical  Paul Mitchell (fd)15 Mar 15156,9815.418,493509,8120.240
Eagle Eye Solutions * Bill Currie16 Mar 15423,222200846,4442,340,38510.569
Eagle Eye Solutions * Bob Willett (ch)16 Mar 1550,143200100,286551,5822.491
Eagle Eye Solutions * Sir Terry Leahy16 Mar 15300,000200600,0001,677,0307.573
Flybe  David Kappler12 Mar 15100,0005858,000100,0000.046
Hansard Global ΩGordon Marr (ce)13 Mar 1546,50086.540,223346,5000.252
Impellam  Darren Mee (fd)16 Mar 1520,000660132,00020,0000.041
Intu Properties John Whittaker13 Mar 151,000,000337.973,379,698297,155,45222.566
Intu Properties ♥Adele Anderson18 Mar 1514,380347.749,99932,5040.002
Intu Properties ♥John Whittaker13 Mar 15500,000339.741,698,688297,655,45222.604
KEFI Minerals Harry Anagnostaras-Adams (ch)18 Mar 1523,000,0001230,00056,966,6674.611
Lamprell ♥John Kennedy (ch)17 Mar 1518,505101.0418,6971,601,9390.469
Lamprell ΩJohn Kennedy (ch)16 Mar 1519,016101.8419,3651,583,4340.463
Lansdowne Oil & Gas * Viscount Torrington Byng12 Mar 152,000,0004.3887,5002,105,8801.306
LMS Capital Dr. Martin Knight (ch)13 Mar 1525,89976.819,89090,2920.062
LondonMetric Property Mark Stirling13 Mar 1562,457160.0899,9811,618,5740.258
Marks and Spencer ♥ Andy Halford18 Mar 1518,00051392,34021,0000.001
Porta Communications David Wright (ce)18 Mar 15471,000732,9703,214,7271.201
Revolution Bars  Keith Edelman (ch)18 Mar 1530,50019559,47530,5000.061
Revolution Bars  Michael Shallow18 Mar 1512,75019524,86312,7500.026
Roxi Petroleum KA Satylganov (cfo)18 Mar 158,379,1437.41620,894244,670,97327.675
Serco  Rachel Lomax18 Mar 1520,000172.534,50020,0000.004
Sirius Minerals *Russell Scrimshaw (ch)16 Mar 15714,286750,00040,133,5041.879
SOCO International Rui de Sousa (ch)13 Mar 1550,000148.1874,0909,258,8202.789
SOCO International Rui de Sousa (ch)12 Mar 1550,000179.589,7509,208,8202.774
SOCO International ♥Ettore Contini16 Mar 15377,772142.56538,55229,000,0008.736
SOCO International ♥Ettore Contini12 Mar 15328,273174.17571,75327,992,6548.433
SOCO International ♥Ettore Contini13 Mar 15629,574146.78924,08928,622,2288.622
Synthomer Calum MacLean (ce)18 Mar 154,981295.4114,714202,5390.060
Synthomer Calum MacLean (ce)17 Mar 1533,460292.6697,924197,5580.058
Synthomer Calum MacLean (ce)12 Mar 1545,693292.01133,42845,6930.013
Synthomer Calum MacLean (ce)13 Mar 1557,913295.78171,295103,6060.030
Synthomer Calum MacLean (ce)16 Mar 1560,492296.44179,322164,0980.048
Ubisense  Robert Sansom17 Mar 15270,000200540,0002,763,67611.027
Ubisense  Richard Green (ce)17 Mar 1554,000200108,0001,788,9067.138
Xchanging Geoff Unwin (ch)17 Mar 1576,00012897,280396,9080.162

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
BT  Tony Chanmugam (fd)12 Mar 15400,0004421,768,000574,8820.007
Galliford Try ♥Kenneth Gillespie13 Mar 1593,3961,503.911,404,592129,8020.158
LondonMetric Property Patrick Vaughan (ch)13 Mar 151,060,4971601,696,79515,277,5002.433
LondonMetric Property ♥Mark Stirling13 Mar 1536,000159.4457,3981,556,1170.248
Lookers Tony Bramall12 Mar 1510,000,00015515,500,00063,487,63616.162
Marks and Spencer  Laura Wade-Gery12 Mar 1570,862495.16350,880172,9550.011
Partnership Assurance  Ian Owen18 Mar 151,400,000141.461,980,4406,091,7761.523
RPS  Dr. Phil Williams16 Mar 1540,000230.292,080285,4000.129
Sabien Technology ♥ ΩKarl Monaghan16 Mar 15104,00614.4515,0291,154,8443.499
Tarsus  Robert Ware16 Mar 1551,585224.275115,692250,0000.247

* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust † depositary receipts