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Mr Mattioli takes home £1m

One of Mattioli Woods' two co-founders trimmed his holding after a fine run for the shares
December 10, 2015

Mattioli Woods (MTW) chief executive Ian Mattioli, who together with chairman Bob Woods founded the company in 1991, is taking home some cash 10 years after it was admitted to the alternative market. Mr Mattioli has sold 160,000 shares worth just over £1m, but still retains 13 per cent of the wealth manager.

IC TIP: Buy at 640p

In early December the company updated the market on trading for the six months to the end of November, which will be fully reported in half-year results due in February. Revenue growth of 16 per cent was powered by strong demand for the pensions advice in which the manager specialises, and it also won 13 per cent more wealth management cases than in the comparable period. Meanwhile, the recent acquisitions of Boyd Coughlan and Taylor Patterson helped swell its assets under advice and administration from £5.4bn at the end of May to £6.5bn at the end of October.

Buys
Company NameDirectorDateNo. of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Japan Investment TrustN R Gaskell (ch)25-Nov-15                   5,000 472.7           23,633                        17,500 0.111
Acorn MineralsA T Brennan (ch)20-Nov-15                300,000 9.5           28,500                   1,700,000 11.898
Acorn MineralsA T Brennan (ch)19-Nov-15                150,000 9.0           13,500                   1,400,000 9.798
Aldermore GroupG P Jones (ch)23-Nov-15                 95,057 263.0         250,000                      781,488 0.227
Alliance Trust ΩC Samuel23-Nov-15                   5,000 504.9           25,244                          5,000 0.001
Amec Foster WheelerS Y Brikho (ce)20-Nov-15                 50,000 458.4         229,200                   1,975,674 0.507
Anglo AmericanDr. B E Grote19-Nov-15                   2,500 451.5           11,288                        26,000 0.002
Aurora Investment TrustLord Flight of Worcester (ch)23-Nov-15                 13,000 155.0           20,150                        43,000 0.414
BerendsenJ E M Drummond (ce)19-Nov-15                 10,000 1045.0         104,500                        10,000 0.006
Bovis Homes GroupI P Tyler (ch)23-Nov-15                   2,000 893.0           17,860                          2,000 0.001
Canaccord Genuity GroupD J Kassie (ch)24-Nov-15                 50,000 266.6         133,316                   3,758,394 3.673
Canaccord Genuity GroupD Daviau (ce)24-Nov-15                 45,000 266.6         119,985                   1,165,651 1.139
CrestonKathryn Herrick (cfo)25-Nov-15                   5,700 119.6            6,817                          5,700 0.010
De La RueMaria Da Cunha25-Nov-15                   4,735 415.8           19,689                          4,735 0.005
Ebiquity ΩN Manning24-Nov-15                 97,500 137.1         133,624                      230,000 0.298
Electra Private EquityE J Bramson24-Nov-15                   3,484 3591.0         125,110                  10,822,923 29.682
Empiric Student PropertyS Alston19-Nov-15                   9,050 110.5            9,999                        26,300 0.007
Firestone DiamondsK B Johnson20-Nov-15                 85,000 16.9           14,348                        85,000 0.027
Flowtech FluidpowerS M Fennon (ce)23-Nov-15                 20,000 107.3           21,450                      209,000 0.485
Flowtech FluidpowerM M Diamond (ch)23-Nov-15                 10,000 108.0           10,800                        35,000 0.081
Flowtech Fluidpower ΩB R Brooks (cfo)23-Nov-15                 10,000 107.3           10,725                        91,000 0.211
Flowtech FluidpowerN J Richens23-Nov-15                 10,000 108.0           10,800                        35,000 0.081
Havelock EuropaP M Dillon23-Nov-15                 85,000 9.0            7,650                      763,070 1.980
Haydale Graphene Industries*R J Gibbs (ce)24-Nov-15                 26,875 160.0           43,000                      469,929 3.092
Haydale Graphene Industries*J Knowles (ch)24-Nov-15                 12,500 160.0           20,000                      149,214 0.982
Haydale Graphene Industries*R A Smith24-Nov-15                 12,500 160.0           20,000                      288,455 1.898
Henderson EuroTrustB J H Feilzer25-Nov-15                   5,000 876.5           43,825                        35,000 0.165
Invesco Perpetual Enhanced IncomeC L Spears23-Nov-15                 30,000 72.9           21,876                        30,000 0.024
IS SolutionsP A Simmonds (ch)24-Nov-15                 50,000 97.8           48,875                      141,500 0.388
Ithaca Energy IncJ C Lee (ch)25-Nov-15                150,000 47.8           71,715                   1,550,000 0.377
John Laing Environmental Assets GroupR Morse (ch)23-Nov-15                 23,250 105.2           24,470                        83,042 0.037
JPMorgan Indian Investment TrustR R J Burns (ch)24-Nov-15                   5,000 482.1           24,106                        95,000 0.090
Mattioli WoodsCarol A Duncumb20-Nov-15                   2,180 639.0           13,930                          6,280 0.025
MITIE GroupM Reckitt24-Nov-15                   4,000 294.7           11,787                          4,000 0.001
Murray Income TrustN Rogan20-Nov-15                   7,000 687.2           48,106                        21,000 0.031
Ocean WilsonsJ F G Vieira (ch)23-Nov-15                 17,500 775.0         135,625                      170,100 0.481
Ocean WilsonsC C Maltby19-Nov-15                   1,000 760.0            7,600                          9,000 0.025
Perpetual Income & Growth Investment TrustA J Giles25-Nov-15                 10,000 417.8           41,783                        10,000 0.004
Plus500M C Fairbairn24-Nov-15                 70,247 349.3         245,373                      245,108 0.213
Plus500D J King24-Nov-15                 13,259 339.4           44,998                        13,259 0.012
Plus500 ♥M C Fairbairn24-Nov-15                   4,892 349.0           17,073                      250,000 0.218
Real Good Food ΩP W Totte (ch)24-Nov-15                100,000 52.8           52,825                   2,816,124 4.023
RecordS Cullen (cfo)25-Nov-15                 15,918 29.0            4,616                   1,028,591 0.465
RecordJ Wood-collins (ce)25-Nov-15                 72,119 29.0           20,915                   2,548,432 1.151
RecordR Noyen25-Nov-15                 72,119 29.0           20,915                   9,188,313 4.150
RecordLeslie F Hill25-Nov-15                 72,119 29.0           20,915                  15,584,517 7.040
Rio TintoP M Tellier25-Nov-15                      318 2254.0            7,168                        23,892 0.002
Rolls-RoyceD Smith (cfo)25-Nov-15                   7,736 603.0           46,648                        20,304 0.001
Rolls-RoyceL W K Booth25-Nov-15                 20,000 613.0         122,600                        60,000 0.003
Rolls-RoyceSir Kevin Smith25-Nov-15                 20,000 603.0         120,600                        20,000 0.001
RyanairK McLaughlin24-Nov-15                   5,625 1377.0           77,456                      225,000 0.017
Schroder AsiaPacific FundK Craig20-Nov-15                   7,544 260.0           19,614                          7,544 0.004
Smiths GroupSir George Buckley (ch)19-Nov-15                   5,000 1001.1           50,053                        10,000 0.003
Smiths GroupC O'Shea (fd)19-Nov-15                 20,000 999.2         199,848                        20,000 0.005
South32K C Rumble19-Nov-15                 55,000 59.8           32,882                        55,000 0.001
South32P G J Kukielski20-Nov-15                 22,500 61.1           13,750                        72,500 0.001
SpectrisJ L M Hughes (ch)25-Nov-15                   2,000 1718.9           34,378                        10,000 0.008
SpectrisU Quellmann24-Nov-15                      652 1699.0           11,077                            652 0.001
SpectrisU Quellmann24-Nov-15                      348 1711.0            5,954                          1,000 0.001
SuperglassM Cubitt (ch)20-Nov-15                250,000 2.4            6,000                      250,000 0.161
SuperglassK Munro (ce)20-Nov-15                250,000 2.4            6,000                      250,000 0.161
SuperglassC P Lea (fd)20-Nov-15                250,000 2.4            6,000                      250,000 0.161
Synety GroupS W Cleaver (ch)19-Nov-15                   7,093 83.0            5,887                      778,269 5.763
Synety Group ΩP J Williams (cfo)20-Nov-15                   1,900 83.5            1,586                        85,957 0.636
Synety Group ΩP A Simmonds24-Nov-15                 22,500 89.0           20,025                        78,055 0.578
Synety GroupSophie Tomkins24-Nov-15                 22,596 88.5           19,997                        22,596 0.167
TescoJ M Allan (ch)19-Nov-15                 50,000 172.2           86,075                      183,951 0.002
TescoDr. B E Grote23-Nov-15                 37,500 171.5           64,300                        67,500 0.001
Urals Energy ♥A H Shrager (ch)20-Nov-15                500,000 2.7           13,500                   1,590,500 0.630
Victoria Oil & Gas*A Dik20-Nov-15                227,951 56.6         129,020                      227,951 0.208

Sells
Company NameDirectorDateNo. of sharesPrice (p)Value (£)Holding (shares)Holding (%)
B.P. Marsh & PartnersB P Marsh (ch)24-Nov-15                171,000 152.3         260,348                  18,334,401 62.860
Big Yellow GroupJ Trotman (cfo)23-Nov-15                 15,000 771.7         115,754                      144,658 0.092
Big Yellow GroupJ E Gibson (ce)23-Nov-15                 30,000 771.7         231,507                   2,479,155 1.576
Big Yellow GroupJ E Gibson (ce)25-Nov-15                   2,420 766.7           18,554                   2,476,735 1.575
Capital & Regional ♥L Norval20-Nov-15             1,403,908 3.1           43,519                136,918,366 19.539
Capital & Regional ♥W J Hamman20-Nov-15             1,403,908 3.1           43,519                               -   <0.001
China Nonferrous GoldA Ismatov19-Nov-15                137,397 21.4           29,417                   4,187,603 1.095
Concurrent TechnologiesD Evans-Hughes19-Nov-15                 70,000 59.5           41,650                      878,206 1.210
EbiquityN Manning24-Nov-15                 97,500 137.0         133,575                      132,500 0.172
Euromoney Institutional InvestorDiane E Alfano24-Nov-15                   6,962 931.0           64,816                        68,006 0.053
Euromoney Institutional InvestorDiane E Alfano19-Nov-15                   3,038 957.8           29,097                        74,968 0.058
Frontier DevelopmentsD J Braben (ce)25-Nov-15                750,000 240.0      1,800,000                  17,160,953 50.330
Inland HomesS D Wicks (ce)19-Nov-15             1,500,000 67.4      1,010,550                  14,737,332 7.267
IS SolutionsR S McDowell25-Nov-15                500,000 98.2         491,023                   2,350,000 6.441
Mattioli WoodsI T Mattioli (ce)19-Nov-15                160,000 639.0      1,022,400                   3,233,703 12.925
United Utilities GroupR Houlden (cfo)25-Nov-15                 46,238 956.1         442,104                        73,133 0.011
Workspace GroupJ P Hopkins (ce)19-Nov-15                360,000 900.0      3,240,000                        77,431 0.048

*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust