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Charles Stanley director offloads £0.3m

The broker's director and his wife have followed in the footsteps of other investors
September 9, 2016

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.

IC TIP: Hold at 320p

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       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Air Partner Peter Saunders26 Aug 165,00045622,8005,0000.048
Air Partner Shaun Smith26 Aug 162,32744810,4252,3270.022
Aviva Michael Mire31 Aug 1635,000432.5151,37550,0000.001
Centaur Media Swagatam Mukerji30 Aug 1610,000404,00030,0000.021
Cloudcall*  Mark Seemann25 Aug 1617,39157.510,0001,367,8837.950
Cloudcall*  Graham Ward25 Aug 1617,39157.510,000355,9812.069
Cloudcall*  Peter Simmonds (ch)25 Aug 1640,00057.523,000178,0551.035
Cloudcall*  Paul Williams (cfo)25 Aug 1624,34757.514,000110,3040.641
Cloudcall*  Simon Cleaver (ceo)25 Aug 1617,39157.510,000795,6604.624
Cloudcall*  Sophie Tomkins25 Aug 1617,39157.510,00039,9870.232
Cropper (James) M A J Cropper (ch)25 Aug 162,600887.523,0751,237,19313.392
European Assets Trust Julia Bond31 Aug 166521072.66,9934,5470.014
F&C Private Equity Trust John Rafferty30 Aug 163,000261.227,83741,0000.055
Frenkel Topping♥  Jason Granite (ch)26 Aug 16843,00044370,92012,669,92816.520
HSBC Jonathan Evans 31 Aug 161,7545669,9289,1700.000
HSS Hire  Paul Quested (cfo)31 Aug 1650,0008539,95050,0000.030
Hikma Pharmaceuticals Ronald Goode25 Aug 162,000218043,60012,0000.005
Hikma Pharmaceuticals♥ Mohammed Al-Husry26 Aug 16200,00021604,320,0005,830,0732.430
Hikma Pharmaceuticals♥ Mohammed Al-Husry31 Aug 16140,00021503,010,0005,841,2082.435
Hikma Pharmaceuticals♥ Mazen Darwazah26 Aug 16200,00021604,320,0007,301,5683.043
Hikma Pharmaceuticals♥ Mazen Darwazah31 Aug 16140,00021503,010,0007,316,7143.050
Hikma Pharmaceuticals♥ Said Darwazah (ch & ceo)26 Aug 16200,00021604,320,00013,356,1405.567
Hikma Pharmaceuticals♥ Said Darwazah (ch & ceo)31 Aug 16140,00021503,010,00013,386,2265.579
John Laing♥  Olivier Brousse (ceo)26 Aug 165,815256.414,910155,6040.042
Macfarlane♥  Robert McLellan31 Aug 1624,02861.814,849102,8190.075
Macfarlane♥  Stuart Paterson30 Aug 1620,00060.3612,072120,0000.088
Octagonal Martin Davison25 Aug 161,000,0001.414,00011,765,0002.100
Octagonal Martin Davison25 Aug 161,250,0001.4518,12513,015,0002.323
Octagonal Martin Davison31 Aug 161,000,0001.919,00014,015,0002.502
Octagonal Martin Davison31 Aug 161,000,0001.9519,50015,015,0002.680
Restaurant GroupMike Tye30 Aug 167,284409.7629,8477,2840.004
Restaurant GroupDebbie Hewitt (ch)26 Aug 1617,325432.975,00028,6300.014
ScS  George Adams31 Aug 162,000192.53,8502,0000.005
Scapa  Graham Hardcastle (fd)25 Aug 1620,000245.9349,18620,0000.013

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Charles Stanley♥  Michael Lilwall26 Aug 1616,54531752,44815,9300.031
Charles Stanley  Michael Lilwall26 Aug 1693,777317297,27332,4750.064
Henderson Diversified Income Paul Manduca (ch)30 Aug 1650,00094.547,250100,0000.060
Iomart♥  Richard Logan (fd)25 Aug 162,0003106,200961,3930.896
Iomart  Richard Logan (fd)25 Aug 162,0003106,200967,3930.902
Iomart♥  Richard Logan (fd)26 Aug 164,00030612,240957,3930.892
Iomart  Richard Logan (fd)26 Aug 164,00030612,240963,3930.898
Telford Homes James Furlong26 Aug 1648,917320156,5341,156,7891.543

*Placing/tender/open offer ♥Spouse/connected party