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Restaurant Group's Critoph dines out

Directors in Restaurant Group have logged two weighty sales since late October, even as the group's trading performance remains solid
December 18, 2015

Stephen Critoph, finance director of Restaurant Group (RTN), followed the lead set in October by fellow board member Tony Hughes by selling more than a third of his personal holding. Mr Critoph generated £675,000 through the sale of 100,000 shares at a share price that was just slightly adrift of the group's 200-day moving average.

IC TIP: Buy at 641p

The group operates a number of restaurant chains, including Frankie & Benny's and Garfunkel's, but with the National Living Wage looming into view investor enthusiasm for the sector has started to wane. Nevertheless, Restaurant Group has been performing reasonably well: sales for the year to the start of November were 2 per cent ahead of the comparable period in 2014 in the like-for-like estate, and 8 per cent ahead including new outlets. The group expects to have opened more than 42 sites by the end of the year, with a similar rollout expected for 2016.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
600 Group (The) Paul Dupee (ch)08 Dec 15475,00012.12557,59423,267,53525.193
600 Group (The) Paul Dupee (ch)08 Dec 1525,00012.1253,03123,292,53525.220
Aldermore  James Mack (cfo)09 Dec 158,07522918,492436,6590.127
Anglo Pacific ♥ Robert Stan07 Dec 1525,0006215,500123,5400.073
Aquatic Foods  Jonathan Quirk09 Dec 1525,000256,25050,0000.044
Aureus Mining *Karin Ireton09 Dec 1580,00054,000167,0000.031
Aureus Mining *Adrian Reynolds09 Dec 1566,24753,31276,2470.014
Aureus Mining *David Netherway (ch)09 Dec 1599,17254,959431,4540.080
Aureus Mining *David Reading (ce)09 Dec 15662,471533,1241,090,8050.203
Aureus Mining *Jean-Guy Martin09 Dec 1574,38253,71999,3820.019
Aureus Mining *Loudon Owen09 Dec 1549,59352,48099,5930.019
BACIT Martin Thomas09 Dec 1577,664128.7499,985258,6500.067
Bezant Resources *Edward Nealon (ch)04 Dec 155,500,0002.45134,7506,250,0006.280
Bovis Homes  Dr Christine Browne 09 Dec 151,026974.259,9961,0260.001
BP Sir John Sawers03 Dec 1513,52836949,91813,528<0.001
C4X Discovery Holdings Dr Clive Dix (ch)08 Dec 1550,0007738,500691,2502.230
Cenkos Securities Jim Durkin (ce)09 Dec 1550,00016582,5004,883,6638.614
Cenkos Securities Paul Hodges09 Dec 1550,00016582,5005,024,7708.863
Character Group (The) David Harris07 Dec 152,603479.212,47446,7000.216
Clipper Logistics Stephen Robertson04 Dec 159,348266.0224,8689,3480.009
Connect  Denise Collis07 Dec 1514,864167.2524,86014,8640.006
Conygar Investment Company (The) Nigel Hamway (ch)09 Dec 1515,200175.3926,659999,7001.236
easyHotel Guy Parsons (ce)09 Dec 1570,4227150,000196,2550.314
Electra Private Equity Edward Bramson08 Dec 151,0003,60636,06010,830,32529.701
Entertainment One Darren Throop (ce)08 Dec 15130,675140.37183,42810,024,0082.346
Gemfields Finn Behnken03 Dec 1575,00039.0729,30075,0000.014
GLI Finance James Carthew07 Dec 1537,50033.9812,743300,0000.140
HgCapital Trust Peter Dunscombe09 Dec 159001,0879,7832,9000.008
HgCapital Trust ♥Peter Dunscombe09 Dec 151,1001,08711,9574,0000.011
HSBC Holdings Lord Evans of Weardale 07 Dec 151,897523.759,9367,636<0.001
Hydrodec  Chris Ellis (ce - interim)04 Dec 15459,5284.3519,9892,498,3300.336
Hydrodec  Lord Moynihan (ch)07 Dec 15370,5834.2515,75010,578,4871.422
Impax Environmental Markets John Scott (ch)08 Dec 1513,087152.0619,90035,0870.017
Impax Environmental Markets Julia Le Blan08 Dec 154,907154.357,57414,9070.007
Impax Environmental Markets Victoria Hastings08 Dec 157,000152.0610,64419,5000.009
Intu Properties John Whittaker04 Dec 1532,00030998,880336,492,75125.024
Ladbrokes John Kelly (ch)09 Dec 1530,000116.0234,80658,0410.006
Ladbrokes Mark Pain09 Dec 1550,000116.2758,13550,0000.005
Matchtech  George Materna07 Dec 15100,000515515,0007,877,40525.475
Monks Investment Trust (The) Karl Sternberg07 Dec 153,000425.2412,75713,4830.006
Playtech Paul Hewitt08 Dec 15301793.142,3872,5240.001
Playtech Paul Hewitt08 Dec 152,223791.6417,5982,2230.001
reach4entertainment Enterprises *David Stoller (ch & ce)03 Dec 155,000,000150,00024,828,9735.228
reach4entertainment Enterprises *Marcus Yeoman03 Dec 151,000,000110,0001,200,9430.253
RIT Capital Partners Amy Stirling03 Dec 151,7701,62928,8332,0580.001
Segro Baroness Ford of Cunninghame03 Dec 159,000446.340,16718,5940.002
Tricorn  Andrew Moss (ch)08 Dec 15100,00011.2511,250150,0000.444
Trifast Neil Warner08 Dec 1522,750117.526,73122,7500.020
U and I  Richard Upton03 Dec 1510,87522724,6862,848,8242.280
Urals Energy Andrew Shrager (ch)04 Dec 15350,0002.89,8002,090,5000.828
Verona Pharma Dr David Ebsworth (ch)03 Dec 15370,0003.2512,0254,199,7740.416
Victrex Lawrence Pentz (ch)08 Dec 152,0001,89437,8804,0000.005
Virgin Money Holdings (UK) Glen Moreno (ch)08 Dec 1525,000393.298,30025,0000.006

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Animalcare  James Lambert (ch)07 Dec 1525,00023558,7501,367,6916.496
Animalcare  James Lambert (ch)04 Dec 1511,00023525,8501,392,6916.621
China Nonferrous Gold Abuali Ismatov08 Dec 151,525,00021.23323,7582,662,6030.696
China Nonferrous Gold Abuali Ismatov09 Dec 1560,0002112,6002,602,6030.681
James Halstead JA Wild03 Dec 1533,000500.61165,201150,3000.072
Mucklow (A & J)  Justin Parker03 Dec 152,35051312,05680,1140.127
Pendragon Trevor Finn (ce)09 Dec 154,500,00045.3752,041,87515,482,9881.060
Polypipe  David Hall (ce)03 Dec 151,000,0003353,350,0005,873,7402.948
Polypipe  Peter Shepherd (cfo)03 Dec 151,000,0003353,350,0002,477,0371.243
Restaurant Group (The) Stephen Critoph (fd)03 Dec 15100,000675675,000189,2200.094
Trifast Geoffrey Budd04 Dec 1575,73612090,883474,2640.407
Trifast Geoffrey Budd09 Dec 15167,000117.16195,657307,2640.264
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust †Depositary receipts