Join our community of smart investors

Dixons deputy sells down

Deputy chief executive Andrew Harrison has sold a portion of his holding in the electricals retailer.
July 20, 2017

We noted in February that Dixons’ (DC.) chief executive Seb James and chief financial officer Humphrey Singer had offloaded a chunk of shares in the electricals retailer to the tune of £951,300 and £630,000 respectively. Now it seems, with annual results put to bed, deputy chief executive Andrew Harrison has also chosen to garner close to £2.8m via the sale of 1m shares earlier in July.

IC TIP: Hold at 266p

As consumer spending starts to feel the squeeze in the UK in light of price inflation and slow wage growth, the fortunes for companies such as Dixons Carphone look more precarious. At the moment, however, the company appears to be benefiting from a natural hedge against the weak pound via its European operations, allowing for a 47 per cent improvement in pre-tax profit last time around.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Apax Global Alpha Chris Ambler11 Jul 176,553152.5889,9996,5530.001
CAP-XX* Bruce Grey7 Jul 17150,6118.72413,1394,069,6651.366
CAP-XX* Patrick Elliott (ch)7 Jul 17150,6118.72413,1395,897,8471.979
Chaarat Gold  Martin Wiwen-Nilsson12 Jul 1730,00018.55,5509,842,8572.798
Christie  David Rugg (ce)10 Jul 179,83591.58,9992,827,84410.660
Concha Chris Akers (ch)6 Jul 171,000,0000.1741,7401,000,0000.062
Concha Chris Akers (ch)6 Jul 171,000,0000.17991,7992,000,0000.123
Concha Chris Akers (ch)6 Jul 171,000,0000.191,9003,000,0000.185
Concha Chris Akers (ch)6 Jul 172,000,0000.24,0005,000,0000.308
Diageo J Ferrán (ch)10 Jul 1736222858,27233,6850.001
Dunelm  John Browett (ceo)12 Jul 179,098546.549,72164,1280.032
Fenner Michael Ducey12 Jul 1758,150335194,80386,4500.045
Fenner Christopher Surch12 Jul 175,94533419,85612,7730.007
GLI Finance John Whittle10 Jul 1776,80012.959,946104,5500.034
Hogg Robinson  Paul Williams10 Jul 1725,00069.7517,438185,0000.057
Kodal Minerals Robert Wooldridge (ch)6 Jul 1726,520,1950.282574,92076,938,1441.230
Norman Broadbent Mike Brennan (ceo)6 Jul 1725,00013.53,375666,3151.600
Northgate Claire Miles11 Jul 175,000427.5921,3805,0000.004
Phoenix Global Mining Dennis Thomas (ceo)12 Jul 17250,0003.669,15010,651,8704.636
Produce Investments Robert Johnston7 Jul 1710,000182.518,25030,0000.111
Rolls-Royce  Ian Davis (ch)7 Jul 172159191,97644,1020.002
Rolls-Royce  Ruth Cairnie7 Jul 172119191,93912,8990.001
Rolls-Royce  Frank Chapman7 Jul 174319193,96125,3610.001
Rolls-Royce  Kevin Smith  7 Jul 172879192,63822,8880.001
SDX Energy David Richards10 Jul 175,46945.971092,514953,0000.510
SDX Energy David Richards11 Jul 177,00042.906353,003960,0000.514
SDX Energy Paul Welch (ceo)12 Jul 1735,0004515,750659,2470.353
SDX Energy Paul Welch (ceo)12 Jul 1750,00044.722,350624,2470.334
Safestay Michael Hirst 10 Jul 1750,0005226,00050,0000.146
Schroder Oriental Income Fund Fergus Dunlop12 Jul 1712,142251.230,50112,1430.005
Sound Energy James Parsons (ceo)6 Jul 1753,15847.0224,9951,721,1870.236
Sound Energy♥ Marco Fumagalli6 Jul 17200,00049.58199,16267,217,1629.215
Sound Energy♥ Marco Fumagalli7 Jul 17200,00051.308102,61667,417,1629.243
Tatton Asset Management Lothar Mentel6 Jul 1765,614156102,358463,4190.829
Tharisa Antonis Djakouris7 Jul 1743,25083.64436,17643,2500.017
UIL David Shillson10 Jul 174,5931727,90050,8380.056
UIL Warren McLeland10 Jul 174,5931727,90038,2270.042
UIL Alison Hill10 Jul 174,5931727,90014,3480.016
VPC Specialty Lending Investments♥ Richard Levy6 Jul 1771,91682.7559,5101,652,5580.439
Victoria Oil & Gas Ahmet Dik (ceo)10 Jul 179,22055.475,114938,7490.849
Victoria Oil & Gas Ahmet Dik (ceo)11 Jul 1710,00056.255,625948,7490.858
Victoria Oil & Gas Andrew Diamond (fd)6 Jul 178,80056.54,97212,8000.012
Victoria Oil & Gas♥ Kevin Foo (ch)7 Jul 1725,00054.313,5752,257,6382.042
Zenith Energy Andrea Cattaneo (ceo)6 Jul 17100,0008.258,2502,047,4851.756
Zenith Energy Andrea Cattaneo (ceo)6 Jul 17100,0008.7198,7192,147,4851.842
Zenith Energy Andrea Cattaneo (ceo)7 Jul 17100,0008.858,8502,247,4851.911
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Dixons Carphone Andrew Harrison10 Jul 171,000,0002782,780,0004,281,7450.371
        
*Placing/tender/open offer ♥Spouse/connected party