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Teddy Sagi bets big on Crossrider

Crossrider's chief and main shareholder have raised their stakes in the digital marketing group
March 31, 2015

Teddy Sagi may be hoping investors in Crossrider (CROS) follow his example. The Israeli founder of Playtech indirectly shelled out £3.5m on shares in the digital marketing specialist, raising his stake by 3.5 per cent to 69.7 per cent of the total.

IC TIP: Hold at 103p

Crossrider chief Koby Menachemi also spent about £68,300 on shares in the group, whose digital advertising platforms and 'big data' technology are used by marketers and publishers to conduct targeted ad campaigns. The pair's purchases may be intended to stem the decline in Crossrider's shares, down 6 per cent this year.

Not that investors need a confidence boost: strong web, desktop and mobile sales meant group sales more than tripled to $73.8m (£50m) last year, propelling adjusted cash profits to $13.3m. Moreover, average monthly unique users soared a third to 200m between its listing on Aim in late September and the year-end. Broker Shore Capital expects EPS of 4.7¢, rising to 8.3¢ in 2016 (2014: 5.9¢).

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
7digital  Sir Don Cruickshank (ch)25 Mar 15100,00013.8513,850100,0000.093
Admiral  Jean Park25 Mar 152,0001,573.8031,4762,0000.001
Armadale Capital *Justen Lewis20 Mar 1566,666,6660.0320,000159,666,6662.913
Armadale Capital *Peter Marks (ch)20 Mar 1566,666,6660.0320,000108,362,0661.977
Bowleven  E A F Willett25 Mar 1570,5003021,150503,6130.155
Bowleven  K Hart (ce)25 Mar 15275,0003082,5003,204,3640.988
Bowleven  P G Wilson25 Mar 15125,1203037,536588,1200.181
Cape ♥J M Oatley (ce)23 Mar 1510,000255.525,55072,0000.059
Compass  Carol Arrowsmith25 Mar 153,3421,190.8839,7997,438<0.001
Crossrider Koby Menachemi (ce)20 Mar 1568,000100.568,340142,3390.096
Dalata Hotel  Dermot Crowley19 Mar 1525,000252.4063,100177,7270.127
Dee Valley  Jon Schofield (ch & ceo)25 Mar 151,0001,25012,5001,0000.024
Digital Globe Services LtdJeff Cox (ce)20 Mar 15113,34558.9766,8403,871,83612.938
First Quantum Minerals LtdMartin Rowley19 Mar 1520,000929.23185,846771,4670.128
Greggs Roger Whiteside (ce)25 Mar 1515,8171,021.70161,60275,8190.075
Greggs ♥Richard Hutton (fd)25 Mar 156,2731,021.7064,09162,0600.061
Greggs ♥Raymond Reynolds25 Mar 155,5971,021.7057,18558,8210.058
GVC Holdings Kenny Alexander (ce)24 Mar 1521,740459.999,982422,0730.689
GVC Holdings Lee Feldman (ch)25 Mar 1512,50045957,375135,0750.220
GVC Holdings ♥Richard Cooper (fd)24 Mar 1510,000459.845,980336,6670.549
Harworth * J Cox (ch)24 Mar 151,611,6627.25116,8458,233,2001.360
Harworth * Peter Hickson24 Mar 15689,6557.2550,000689,6550.024
Harworth * Mike Richardson24 Mar 15344,8277.2525,000344,8270.012
Harworth * Owen Michaelson24 Mar 15620,6887.2545,000920,6880.032
Imagination Technologies  Bert Nordberg (ch)25 Mar 1535,000217.3176,05935,0000.013
Jarvis Securities ♥Andrew Grant (ch & ceo)24 Mar 1524,00037590,0005,757,15051.906
KBC Advanced Technologies ♥ Oliver Scott20 Mar 1581,78989.4573,15910,237,55012.485
Land Securities  Edward Carter25 Mar 1510,0001,277127,70010,0000.001
Lloyds Banking  Nick Luff20 Mar 15100,00080.2580,250300,000<0.001
London Capital  Holdings Charles-Henri Sabet (ce)25 Mar 15100,0002424,00010,800,00014.479
Meggitt Sir Nigel Rudd 23 Mar 1520,000564.5112,90020,0000.003
Morrison (Wm) Supermarkets David Potts (ce) 19 Mar 15508,000205.851,045,718508,0000.022
Murray Income Trust Neil Rogan25 Mar 157,000761.5753,31014,0000.021
Numis Corp Catherine James20 Mar 1512,000261.431,36812,0000.011
Ophir Energy  W G Schrader20 Mar 157,50013510,12517,7000.002
Ophir Energy Nick Cooper (ce)24 Mar 1579,500138.73110,2901,336,5310.187
Palace Capital ΩRichard Starr 20 Mar 1517,225360.1062,02767,2250.332
Palace Capital Ω ♥Richard Starr 20 Mar 1515,003360.1054,02682,2580.407
Picton Property Income LtdTrevor Ash23 Mar 1550,00068.534,250350,0000.065
Providence Resources * John O'Sullivan23 Mar 1530,5063410,37261,1540.044
Providence Resources * James McCarthy23 Mar 1529,4113410,00039,4110.028
Providence Resources * Lex Gamble23 Mar 15100,0003434,000200,0000.143
Providence Resources * Tony O'Reilly (ce)23 Mar 15130,0003444,200242,4700.173
Regus Dominique Yates (cfo)24 Mar 1543,273231.10100,003785,2620.084
Schroder UK Growth Fund  Stella Pirie25 Mar 1517,000166.2128,25646,6030.029
Secure Property Development & Investment *Lambros Anagnostopoulos (ce)19 Mar 15117,0502529,263355,9870.617
Stilo International David Ashman (ch)19 Mar 153,002,0002.1965,74415,202,00013.844
Tritax Big Box REIT * ♥Richard Jewson (ch)23 Mar 1510,00011011,00050,0000.008
Tullow Oil ♥ Paul McDade20 Mar 1545,000319.26143,667314,2350.034
United Cacao Ltd SEZCDennis Melka20 Mar 1510,00020520,5005,230,74728.137
W Resources *MG Masterman (ch)25 Mar 1580,000,0000.2160,000870,549,16928.320
W Resources ♥ *Dr. BA Pirola25 Mar 1525,000,0000.250,000196,876,4156.405
Witan Investment Trust Suzy Neubert19 Mar 154,981798.7339,7859,3790.005

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Big Yellow  Nicholas Vetch (ch)20 Mar 15100,000656656,0008,960,4835.721
British Land Co Charles Maudsley24 Mar 154,000877.535,100159,8010.016
IMI ♥Douglas Hurt (fd)24 Mar 153,6001,33648,096189,0120.070
Palace Capital Richard Starr20 Mar 1532,258360116,12950,0000.247
Sirius Real Estate LtdAndrew Coombs (ce)25 Mar 15327,93142137,7312,171,5790.345
* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust † depositary receipts