IC TIP:
Buy
at
225p
Interestingly, chief executive Dustin Dryden off loaded 500,000 shares at 260p each post the company’s half-year results in March to satisfy institutional demand. That was fair enough because the free float in the company he co-founded 12 years ago is limited, as over 70 per cent of the shares are not in public hands. Even after the share sale Mr Dryden still owned 2.76m shares, or 29.3 per cent of the issued share capital which is a chunky stake in anyone’s book.