Join our community of smart investors

PayPoint non-exec bags £27m

PayPoint has made substantial volume gains over the past year due to the success of its CollectPlus business. But that didn't stop non-executive David Morrison cashing in to the tune of £27m.
June 18, 2014

David Morrison, a non-executive director at PayPoint (PAY), recently hived off 2.46m shares in the payment technology specialist in a deal worth £27.1m. The disposal leaves Mr Morrison with just 35,000 shares, all of which are held by his company, Prospect Investment Management. At 1,100p, the sale price was in line with PayPoint’s 200-day moving average, and came a week after the group revealed that annual transaction volumes were up 3.9 per cent to a record high.

IC TIP: Hold at 1118p

The surge in transaction volumes was largely attributed to the CollectPlus parcels and returns business, which allows individuals to send, collect and return parcels through a designated network of retail outlets. Total volumes for CollectPlus rose 76 per cent in PayPoint’s latest accounting year, and the group intends to expand the current network of 5,500 outlets by a third over the coming 12 months - presenting another headache for Royal Mail (RMG).

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Acal Graham Williams06 Jun 148,250397.532,79419,4500.062
Acal Graham Williams05 Jun 1410,00035035,00011,2000.036
Anglo Pacific ♥  Julian Treger (ce)05 Jun 1461,538180110,7681,367,3061.174
Barclays Crawford Gillies05 Jun 1440,000239.7695,90450,000<0.0001
Cineworld  Scott Rosenblum05 Jun 1410,377345.935,89410,3770.004
Cineworld ♥ Israel Greidinger09 Jun 14747,0003462,584,62068,729,69426.057
Cineworld ♥ Moshe Greidinger (ce)09 Jun 14747,0003462,584,62068,729,69426.057
Deltex Medical * Julian Cazalet10 Jun 14454,5451150,0004,534,8132.140
Deltex Medical * Nigel Keen (ch)10 Jun 141,363,63611150,0008,348,7993.940
Fastnet Oil & Gas Carol Law10 Jun 141,000,000660,0001,000,0000.290
Findel Eric Tracey05 Jun 1424,70026164,46745,1730.053
Findel Francois Coumau06 Jun 1411,15526729,78418,8030.022
Findel Tim Kowalski (fd)11 Jun 1442,629285121,493107,5440.125
First Derivatives Seamus Keating (ch)10 Jun 146,6711,02568,37815,3140.076
Fuller Smith & Turner Lynn Fordham11 Jun 149,8501,01099,48513,0320.040
Gresham Computing ♥M Royde09 Jun 1433,000132.13643,6055,577,3548.820
Griffin Mining Dal Brynelsen11 Jun 14167,00032.4654,208382,0010.213
HICL Infrastructure Co Frank Nelson06 Jun 1425,000138.28934,57225,0000.002
Hydrodec  Andrew Black09 Jun 141,909,09111210,000178,053,88923.846
Hydrodec  Alan Carruthers09 Jun 14454,5451150,0001,733,4330.232
Hydrodec  Chris Ellis (cfo)09 Jun 14454,5451150,0001,346,8380.180
Hydrodec  Lord Moynihan (ch)09 Jun 14909,09011100,0009,897,7491.326
Hydrodec  Ian Smale (ce)09 Jun 14454,5451150,000928,0140.124
Inmarsat Dr. Abraham Peled10 Jun 1410,000771.977,19010,0000.002
Johnston Press David King (cfo)06 Jun 14550,0003.85121,181550,0000.010
KBC Advanced Technologies *I Godden (ch)10 Jun 1443,50011550,025201,0000.249
KEFI Minerals Harry Anagnostaras-Adams (ch)11 Jun 142,000,0001.530,00013,966,6671.636
KEFI Minerals Ian Plimer11 Jun 141,866,6681.528,0003,116,6680.365
LondonMetric Property Philip Watson06 Jun 1440,000143.957,560214,0000.034
Northbridge Industrial Services Peter Harris (ch)10 Jun 1412,949496.564,2921,110,0006.379
Red Rock Resources *MC Nott05 Jun 1413,842,5630.227931,54717,156,0450.923
Royal Bank of Scotland  (The) Robert Gillespie06 Jun 1425,00034085,00025,000<0.0001
Severfield John Dodds (ch)09 Jun 1491,00054.4749,568319,8330.108
Sierra Rutile Dr. Richard Lister11 Jun 14100,0004949,000410,0000.079
Stobart  Andrew Wood09 Jun 1434,500144.649,88734,5000.010
Symphony International Holdings Anil Thadani10 Jun 14666,80260400,08152,666,95010.142
Symphony International Holdings Sunil Chandiramani10 Jun 14500,10260300,06112,873,7442.479
Tullow Oil Dr. Mike Daly06 Jun 143,175842.2626,7423,175<0.0001
UK Mail  Carl Moore06 Jun 144,00062725,0805,1770.009
UK Mail  Steven Glew (fd & cs)06 Jun 144,00062725,080125,2630.229
Vesuvius ♥ Christopher Gardell05 Jun 1410,11644545,01657,249,89621.109

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AB Dynamics * ♥Anthony Best (ch)05 Jun 14399,173150598,7606,797,10740.518
AB Dynamics *Tim Rogers05 Jun 1440,00015060,000146,1000.871
Barr (A G) ♥ABC Short (fd)09 Jun 1416,911631.5106,7935,8000.005
Crimson Tide Barrie Whipp (ch & ce)05 Jun 1412,900,0001.55199,950102,710,13223.056
Findel Laurel Powers-Freeling05 Jun 1414,65426138,2470<0.0001
Findel Philip Maudsley05 Jun 1475,000261195,750138,2620.161
First Derivatives RG Ferguson10 Jun 14255,00010102,575,500212,6471.055
Hargreaves Lansdown Stephen Robertson11 Jun 149,5001282121,7909,8900.002
InterContinental Hotels  Tracy Robbins10 Jun 1430,0002,309.71692,913258,7560.101
Intertek  Lloyd Pitchford05 Jun 145,6012,861.44160,26937,1560.023
LMS Capital *Dr Martin Knight (ch)06 Jun 1431,5159529,93964,3930.044
LMS Capital *Neil Lerner06 Jun 1424,0349522,83283,8270.058
LMS Capital *Nick Friedlos06 Jun 1423,0139521,86269,3910.048
LMS Capital *The Hon Robert Rayne06 Jun 141,251,390951,188,8214,314,0812.970
Numis Corp Oliver Hemsley10 Jun 143,000,0002708,100,0009,364,2548.138
PayPoint David Morrison11 Jun 142,464,0081,10027,104,08835,0000.052
Pennant International  John Waller (fd & cs)06 Jun 141,400,000801,120,00075,0000.285
Persimmon Jeff Fairburn05 Jun 1462,2671,259.79784,433139,2470.046
Persimmon Mike Killoran (fd)05 Jun 1487,8881,259.791,107,204636,7000.209
Persimmon David Jenkinson05 Jun 147,3221,259.7992,24229,1260.010
Pittards Stephen Boyd (ch)06 Jun 14200,000120240,000162,6661.756
Planet Payment IncGraham Arad09 Jun 1419,814176.79635,030881,7591.608
Savills Jeremy Helsby05 Jun 14107,333623.75669,490604,8490.448
Savills Simon Shaw05 Jun 1431,528623.75196,656100,7270.075
SimiGon Ami Vizer (ce)11 Jun 14128,82630.84539,7369,936,63020.073
* placing/tender/open offer ♥ spouse/connected party