When shares in a company more than triple in three years, even the most dedicated chief executive might consider banking some profits. It appears Tracsis (TRCS) boss John McArthur gave into temptation: he recently sold 120,000 shares in the transportation technology group for close to £620,000, slashing his stake by a tenth to 3.9 per cent.
The disposal comes after Mr McArthur exercised share options in early December to buy £175,000-worth of shares. Including that transaction, he has netted around £444,000. Still, his dealings are unlikely to detract from recent gains at Tracsis, which continues to grow quickly and win work in markets such as traffic-data capture and remote monitoring. It also continued its shopping spree by acquiring Ontrac in December and management expects the software and IT solutions group - which serves transportation, construction and local government customers - to open up significant cross-selling opportunities.