CVS (CVSG) chief executive Simon Innes sold 105,000 shares in the veterinary group at 1,002.7p each on 8 October. This £1m disposal – 39.6 per cent of his stake – came a week-and-a-half after CVS's shares leapt on a positive full-year announcement, closing 8 per cent up on results day at 982p.
IC TIP:
Buy
at
987p
Last month, CVS revealed a 15 per cent boost to its adjusted pre-tax profits, in line with broker Peel Hunt forecasts. Statutory pre-tax profits were brought down by amortisation costs in relation to a handful of acquisitions made over the period, while analysts observed a second-half improvement attributable to stronger like-for-like growth, cost reductions and falls in vacancy rates.
CVS did not respond to requests for comment regarding Mr Innes's recent share sale.
Peel Hunt forecasts FY2020 adjusted pre-tax profits and EPS of £46m and 53.4p, respectively, rising to £49.4m and 56.5p in FY2021.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Altitude | Keith Edelman | 4 Oct 19 | 40,000 | 46.14 | 18,456 | 187,059 | 0.270 |
| Altitude | Keith Edelman | 7 Oct 19 | 40,000 | 47 | 18,800 | 227,059 | 0.330 |
| Altitude | Graeme Couturier (cfo) | 9 Oct 19 | 41,176 | 51 | 21,000 | 144,156 | 0.210 |
| BATM Advanced Communications | Gideon Chitayat (ch) | 7 Oct 19 | 159,000 | 38.3 | 60,897 | 3,159,000 | 0.717 |
| BATM Advanced Communications | Zvi Marom (ceo) | 7 Oct 19 | 100,000 | 38.3 | 38,300 | 96,794,500 | 21.985 |
| Blancco Technology | Adam Moloney (cfo) | 9 Oct 19 | 10,000 | 126.5 | 12,650 | 28,000 | 0.038 |
| Blancco Technology | Matthew Jones (ceo) | 9 Oct 19 | 10,000 | 126.5 | 12,650 | 28,000 | 0.038 |
| Chaarat Gold ♥† | Martin Andersson (ch) | 8 Oct 19 | 152,000 | 34.8 | 52,952 | 145,282,886 | 32.916 |
| Chaarat Gold ♥† | Martin Andersson (ch) | 9 Oct 19 | 186,116 | 36.4 | 67,779 | 145,469,002 | 32.960 |
| Chaarat Gold | Robert Benbow | 9 Oct 19 | 100,000 | 37 | 37,000 | 235,000 | 0.053 |
| Eco (Atlantic) Oil & Gas | Peter Nicol | 8 Oct 19 | 40,000 | 141.35 | 56,540 | 1,542,600 | 0.840 |
| EnQuest ♥ | Amjad Bseisu (ceo) | 4 Oct 19 | 405,725 | 18.2 | 73,842 | na | na |
| EnQuest ♥ | Amjad Bseisu (ceo) | 9 Oct 19 | 763,835 | 18.2 | 139,018 | 174,804,427 | 10.300 |
| Greggs | Roger Whiteside (ceo) | 7 Oct 19 | 4,952 | 1,840 | 91,116 | 247,961 | 0.245 |
| ICG Enterprise Trust | Alastair Bruce | 8 Oct 19 | 2,000 | 913.8 | 18,276 | 15,000 | 0.022 |
| Indus Gas | Peter Cockburn (ch) | 4 Oct 19 | 40,000 | 280 | 112,000 | 40,000 | 0.022 |
| Keras Resources | David Reeves | 3 Oct 19 | 19,157,093 | 0.4 | 76,628 | 489,557,584 | 19.650 |
| McBride | Neil Harrington | 7 Oct 19 | 17,463 | 56.91 | 9,938 | 47,463 | 0.026 |
| McBride ♥ | Igor Kuzniar | 7 Oct 19 | 293,900 | 57 | 167,523 | 42,534,814 | 23.263 |
| McBride | Jeff Nodland (ch elect) | 7 Oct 19 | 20,000 | 57.4 | 11,480 | 20,000 | 0.011 |
| McBride | Christopher Smith (interim ceo) | 7 Oct 19 | 26,115 | 57.44 | 15,000 | 352,829 | 0.193 |
| MJ Gleeson | James Thomson (interim ceo) | 4 Oct 19 | 1,535 | 784 | 12,034 | 1,607 | 0.003 |
| MJ Gleeson | James Thomson (interim ceo) | 8 Oct 19 | 2,465 | 800 | 19,720 | 4,072 | 0.007 |
| Next Fifteen Communications | Penny Ladkin-Brand | 3 Oct 19 | 20,118 | 486 | 99,797 | 20,118 | 0.024 |
| Next Fifteen Communications | Richard Eyre (ch) | 3 Oct 19 | 15,000 | 490 | 73,500 | 115,000 | 0.135 |
| Polarean Imaging | Jonathan Allis | 8 Oct 19 | 1,540,000 | 13.06 | 201,124 | 1,540,000 | 1.350 |
| Prudential | Fields Wicker-Miurin | 4 Oct 19 | 1,000 | 1,380.50 | 13,805 | 3,500 | 0.000 |
| Prudential | James Turner | 8 Oct 19 | 25,000 | 1,388.75 | 347,187 | 77,332 | 0.003 |
| Restore | Neil Ritchie (cfo) | 3 Oct 19 | 6,000 | 410 | 24,600 | 6,000 | 0.005 |
| Revolution Bars | Rob Pitcher (ceo) | 4 Oct 19 | 50,000 | 65 | 32,500 | 150,000 | 0.300 |
| SIG | Andrew Allner (ch) | 8 Oct 19 | 6,000 | 99.6 | 5,976 | 49,954 | 0.008 |
| SIG | Andrew Allner (ch) | 8 Oct 19 | 10,000 | 99.8975 | 9,990 | 59,954 | 0.010 |
| SIG | Nicholas Maddock (fd) | 9 Oct 19 | 13,000 | 102.1 | 13,273 | 92,735 | 0.016 |
| SIG ♥ | Nicholas Maddock (fd) | 9 Oct 19 | 61,000 | 102.5 | 62,525 | 153,735 | 0.026 |
| Standard Life UK Smaller Companies Trust | Elisabeth Airey | 7 Oct 19 | 40,000 | 479 | 191,600 | 40,000 | 0.040 |
| Supermarket Income REIT | Vincent Prior | 7 Oct 19 | 20,588 | 102 | 21,000 | 76,019 | 0.022 |
| Supermarket Income REIT | Jonathan Austen | 7 Oct 19 | 21,000 | 102 | 21,420 | 120,000 | 0.036 |
| Supermarket Income REIT | Nick Hewson (ch) | 7 Oct 19 | 19,600 | 102 | 19,992 | 399,600 | 0.118 |
| Tesco | Mikael Olsson | 4 Oct 19 | 15,000 | 235.404 | 35,311 | 45,765 | 0.000 |
| Tungsten Corp | Tony Bromovsky (ch) | 8 Oct 19 | 474,765 | 42 | 199,401 | 694,104 | 0.550 |
| Volex | Nat Rothschild (ch) | 9 Oct 19 | 100,000 | 86.825 | 86,825 | 36,276,078 | 24.205 |
| Wilmington | Mark Milner (ceo) | 3 Oct 19 | 20,000 | 229 | 45,800 | 20,000 | 0.023 |
| XLMedia | Ory Weihs | 3 Oct 19 | 25,000 | 58 | 14,500 | 6,346,633 | 3.392 |
| XLMedia | Ory Weihs | 4 Oct 19 | 265,811 | 58.35 | 155,101 | 6,612,444 | 3.534 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AssetCo ♥†† | Christopher Mills | 7 Oct 19 | 45,000 | 310 | 139,500 | 5,860,769 | 47.995 |
| Billington | John Gordon | 9 Oct 19 | 20,000 | 310 | 62,000 | 287,270 | 2.221 |
| Churchill China | Andrew Roper | 4 Oct 19 | 259,000 | 1,560 | 4,040,400 | 378,430 | 3.454 |
| Close Brothers | Preben Prebensen (ceo) | 9 Oct 19 | 42,940 | 1,314.50 | 564,446 | 439,795 | 0.290 |
| Close Brothers | Preben Prebensen (ceo) | 8 Oct 19 | 20,401 | 1,322.60 | 269,824 | 482,735 | 0.319 |
| CVS | Simon Innes (ceo) | 8 Oct 19 | 105,000 | 1,002.66 | 1,052,795 | 160,334 | 0.227 |
| Greggs | Roger Whiteside (ceo) | 7 Oct 19 | 1,194 | 1,804 | 21,540 | 246,767 | 0.244 |
| Greggs | Roger Whiteside (ceo) | 7 Oct 19 | 96,461 | 1,804 | 1,740,156 | 150,306 | 0.149 |
| Norish | Aidan Hughes (fd) | 8 Oct 19 | 50,000 | 63 | 31,500 | 267,500 | 0.890 |
| SIG ♥ | Andrew Allner (ch) | 8 Oct 19 | 6,000 | 99.4 | 5,964 | 53,954 | 0.009 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
| †Shares purchased by Labro Investments Limited, in which Martin Andersson is indirectly beneficially interested in the majority of shares | |||||||
| ††Shares sold by Harwood Capital LLP, of which Christopher Mills is chief investment officer | |||||||
| Last week's table incorrectly stated that Colin Jones, chairman of Centaur Media, currently holds 120,000 shares. Mr Jones's aggregate holding is actually 80,000 shares. | |||||||
