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Greggs chief trims his holding

Mr Whiteside's shareholding has come down by close to a third since the start of the year
October 17, 2019

Food-on-the-go retailer Greggs (GRG) has been expanding in the breakfast and, increasingly, post-4pm time slots. It has also been finding new ways to reach customers, with promising experiments in click-and-collect ordering and delivery.

IC TIP: Buy at 1849p

The shares are up 62 per cent over the last 12 months, despite falling after the group’s third-quarter trading statement on 1 October showed total sales growth of 13.9 per cent for the calendar year so far. Chief executive Roger Whiteside had previously said he expects growth to slow in the second half of the year.

On 7 October, Mr Whiteside sold a net 92,703 shares, totalling £1.67m. It is understood that the sale was made to free up cash for a property purchase.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Altitude Keith Edelman4 Oct 1940,00046.1418,456187,0590.270
Altitude Keith Edelman7 Oct 1940,0004718,800227,0590.330
Altitude Graeme Couturier (cfo)9 Oct 1941,1765121,000144,1560.210
BATM Advanced CommunicationsGideon Chitayat (ch)7 Oct 19159,00038.360,8973,159,0000.717
BATM Advanced Communications Zvi Marom (ceo)7 Oct 19100,00038.338,30096,794,50021.985
Blancco Technology Adam Moloney (cfo)9 Oct 1910,000126.512,65028,0000.038
Blancco Technology Matthew Jones (ceo)9 Oct 1910,000126.512,65028,0000.038
Chaarat Gold♥†Martin Andersson (ch)8 Oct 19152,00034.852,952145,282,88632.916
Chaarat Gold♥†Martin Andersson (ch)9 Oct 19186,11636.467,779145,469,00232.960
Chaarat Gold Robert Benbow 9 Oct 19100,0003737,000235,0000.053
Eco (Atlantic) Oil & Gas Peter Nicol 8 Oct 1940,000141.3556,5401,542,6000.840
EnQuest♥Amjad Bseisu (ceo)4 Oct 19405,72518.273,842nana
EnQuest♥Amjad Bseisu (ceo)9 Oct 19763,83518.2139,018174,804,42710.300
Greggs Roger Whiteside (ceo)7 Oct 194,9521,84091,116247,9610.245
ICG Enterprise Trust Alastair Bruce8 Oct 192,000913.818,27615,0000.022
Indus Gas Peter Cockburn (ch)4 Oct 1940,000280112,00040,0000.022
Keras Resources David Reeves3 Oct 1919,157,0930.476,628489,557,58419.650
McBride Neil Harrington7 Oct 1917,46356.919,93847,4630.026
McBride♥Igor Kuzniar7 Oct 19293,90057167,52342,534,81423.263
McBride Jeff Nodland (ch elect)7 Oct 1920,00057.411,48020,0000.011
McBride Christopher Smith (interim ceo)7 Oct 1926,11557.4415,000352,8290.193
MJ Gleeson James Thomson (interim ceo)4 Oct 191,53578412,0341,6070.003
MJ Gleeson James Thomson (interim ceo)8 Oct 192,46580019,7204,0720.007
Next Fifteen CommunicationsPenny Ladkin-Brand3 Oct 1920,11848699,79720,1180.024
Next Fifteen CommunicationsRichard Eyre (ch)3 Oct 1915,00049073,500115,0000.135
Polarean Imaging Jonathan Allis8 Oct 191,540,00013.06201,1241,540,0001.350
Prudential Fields Wicker-Miurin4 Oct 191,0001,380.5013,8053,5000.000
Prudential James Turner8 Oct 1925,0001,388.75347,18777,3320.003
Restore Neil Ritchie (cfo)3 Oct 196,00041024,6006,0000.005
Revolution Bars Rob Pitcher (ceo)4 Oct 1950,0006532,500150,0000.300
SIG Andrew Allner (ch)8 Oct 196,00099.65,97649,9540.008
SIG Andrew Allner (ch)8 Oct 1910,00099.89759,99059,9540.010
SIG Nicholas Maddock (fd)9 Oct 1913,000102.113,27392,7350.016
SIG♥Nicholas Maddock (fd)9 Oct 1961,000102.562,525153,7350.026
Standard Life UK Smaller Companies Trust Elisabeth Airey7 Oct 1940,000479191,60040,0000.040
Supermarket Income ReitVincent Prior 7 Oct 1920,58810221,00076,0190.022
Supermarket Income ReitJonathan Austen7 Oct 1921,00010221,420120,0000.036
Supermarket Income ReitNick Hewson (ch)7 Oct 1919,60010219,992399,6000.118
Tesco Mikael Olsson4 Oct 1915,000235.40435,31145,7650.000
Tungsten Tony Bromovsky (ch)8 Oct 19474,76542199,401694,1040.550
Volex Nat Rothschild (ch)9 Oct 19100,00086.82586,82536,276,07824.205
Wilmington Mark Milner (ceo)3 Oct 1920,00022945,80020,0000.023
XLMedia Ory Weihs3 Oct 1925,0005814,5006,346,6333.392
XLMedia Ory Weihs4 Oct 19265,81158.35155,1016,612,4443.534
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AssetCo♥††Christopher Mills 7 Oct 1945,000310139,5005,860,76947.995
Billington John Gordon9 Oct 1920,00031062,000287,2702.221
Churchill China Andrew Roper4 Oct 19259,0001,5604,040,400378,4303.454
Close Brothers Preben Prebensen (ceo)9 Oct 1942,9401,314.50564,446439,7950.290
Close Brothers Preben Prebensen (ceo)8 Oct 1920,4011,322.60269,824482,7350.319
CVS Simon Innes (ceo)8 Oct 19105,0001,002.661,052,795160,3340.227
Greggs Roger Whiteside (ceo)7 Oct 191,1941,80421,540246,7670.244
Greggs Roger Whiteside (ceo)7 Oct 1996,4611,8041,740,156150,3060.149
Norish Aidan Hughes (fd)8 Oct 1950,0006331,500267,5000.890
SIG♥Andrew Allner (ch)8 Oct 196,00099.45,96453,9540.009
        
*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.