Charles Stanley (CAY) is in a similar bind to brokers across the industry - struggling for growth while at the mercy of fluctuating markets and falling brokerage commission. Last year the broker suffered a decline in revenue and a pre-tax loss of £0.6m. The group's shares are down 14 per cent during the past 12 months - not helped by director Michael Lilwall and his wife Julie Lilwall selling more than £300,000-worth of shares in the group.
Management's strategy is to strengthen the balance sheet, stem losses and lay a path for growth. Selling its non-core corporate finance business has freed management up to turn around the core investment management business. To some extent it has delivered, with discretionary funds under management - funds managed on a client's behalf - up £100m to £9.4bn during the 12 months to the end of March.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Air Partner | Peter Saunders | 26 Aug 16 | 5,000 | 456 | 22,800 | 5,000 | 0.048 |
Air Partner | Shaun Smith | 26 Aug 16 | 2,327 | 448 | 10,425 | 2,327 | 0.022 |
Aviva | Michael Mire | 31 Aug 16 | 35,000 | 432.5 | 151,375 | 50,000 | 0.001 |
Centaur Media | Swagatam Mukerji | 30 Aug 16 | 10,000 | 40 | 4,000 | 30,000 | 0.021 |
Cloudcall* | Mark Seemann | 25 Aug 16 | 17,391 | 57.5 | 10,000 | 1,367,883 | 7.950 |
Cloudcall* | Graham Ward | 25 Aug 16 | 17,391 | 57.5 | 10,000 | 355,981 | 2.069 |
Cloudcall* | Peter Simmonds (ch) | 25 Aug 16 | 40,000 | 57.5 | 23,000 | 178,055 | 1.035 |
Cloudcall* | Paul Williams (cfo) | 25 Aug 16 | 24,347 | 57.5 | 14,000 | 110,304 | 0.641 |
Cloudcall* | Simon Cleaver (ceo) | 25 Aug 16 | 17,391 | 57.5 | 10,000 | 795,660 | 4.624 |
Cloudcall* | Sophie Tomkins | 25 Aug 16 | 17,391 | 57.5 | 10,000 | 39,987 | 0.232 |
Cropper (James) | M A J Cropper (ch) | 25 Aug 16 | 2,600 | 887.5 | 23,075 | 1,237,193 | 13.392 |
European Assets Trust | Julia Bond | 31 Aug 16 | 652 | 1072.6 | 6,993 | 4,547 | 0.014 |
F&C Private Equity Trust | John Rafferty | 30 Aug 16 | 3,000 | 261.22 | 7,837 | 41,000 | 0.055 |
Frenkel Topping♥ | Jason Granite (ch) | 26 Aug 16 | 843,000 | 44 | 370,920 | 12,669,928 | 16.520 |
HSBC | Jonathan Evans | 31 Aug 16 | 1,754 | 566 | 9,928 | 9,170 | 0.000 |
HSS Hire | Paul Quested (cfo) | 31 Aug 16 | 50,000 | 85 | 39,950 | 50,000 | 0.030 |
Hikma Pharmaceuticals | Ronald Goode | 25 Aug 16 | 2,000 | 2180 | 43,600 | 12,000 | 0.005 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 26 Aug 16 | 200,000 | 2160 | 4,320,000 | 5,830,073 | 2.430 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 31 Aug 16 | 140,000 | 2150 | 3,010,000 | 5,841,208 | 2.435 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 26 Aug 16 | 200,000 | 2160 | 4,320,000 | 7,301,568 | 3.043 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 31 Aug 16 | 140,000 | 2150 | 3,010,000 | 7,316,714 | 3.050 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 26 Aug 16 | 200,000 | 2160 | 4,320,000 | 13,356,140 | 5.567 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 31 Aug 16 | 140,000 | 2150 | 3,010,000 | 13,386,226 | 5.579 |
John Laing♥ | Olivier Brousse (ceo) | 26 Aug 16 | 5,815 | 256.4 | 14,910 | 155,604 | 0.042 |
Macfarlane♥ | Robert McLellan | 31 Aug 16 | 24,028 | 61.8 | 14,849 | 102,819 | 0.075 |
Macfarlane♥ | Stuart Paterson | 30 Aug 16 | 20,000 | 60.36 | 12,072 | 120,000 | 0.088 |
Octagonal | Martin Davison | 25 Aug 16 | 1,000,000 | 1.4 | 14,000 | 11,765,000 | 2.100 |
Octagonal | Martin Davison | 25 Aug 16 | 1,250,000 | 1.45 | 18,125 | 13,015,000 | 2.323 |
Octagonal | Martin Davison | 31 Aug 16 | 1,000,000 | 1.9 | 19,000 | 14,015,000 | 2.502 |
Octagonal | Martin Davison | 31 Aug 16 | 1,000,000 | 1.95 | 19,500 | 15,015,000 | 2.680 |
Restaurant Group | Mike Tye | 30 Aug 16 | 7,284 | 409.76 | 29,847 | 7,284 | 0.004 |
Restaurant Group | Debbie Hewitt (ch) | 26 Aug 16 | 17,325 | 432.9 | 75,000 | 28,630 | 0.014 |
ScS | George Adams | 31 Aug 16 | 2,000 | 192.5 | 3,850 | 2,000 | 0.005 |
Scapa | Graham Hardcastle (fd) | 25 Aug 16 | 20,000 | 245.93 | 49,186 | 20,000 | 0.013 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Charles Stanley♥ | Michael Lilwall | 26 Aug 16 | 16,545 | 317 | 52,448 | 15,930 | 0.031 |
Charles Stanley | Michael Lilwall | 26 Aug 16 | 93,777 | 317 | 297,273 | 32,475 | 0.064 |
Henderson Diversified Income | Paul Manduca (ch) | 30 Aug 16 | 50,000 | 94.5 | 47,250 | 100,000 | 0.060 |
Iomart♥ | Richard Logan (fd) | 25 Aug 16 | 2,000 | 310 | 6,200 | 961,393 | 0.896 |
Iomart | Richard Logan (fd) | 25 Aug 16 | 2,000 | 310 | 6,200 | 967,393 | 0.902 |
Iomart♥ | Richard Logan (fd) | 26 Aug 16 | 4,000 | 306 | 12,240 | 957,393 | 0.892 |
Iomart | Richard Logan (fd) | 26 Aug 16 | 4,000 | 306 | 12,240 | 963,393 | 0.898 |
Telford Homes | James Furlong | 26 Aug 16 | 48,917 | 320 | 156,534 | 1,156,789 | 1.543 |
*Placing/tender/open offer ♥Spouse/connected party |