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Dixons directors show confidence after warning

The electrical retailer is trying to recover ground since its August profit warning
September 6, 2017

Since giving ourselves a well-deserved pat on the back for suspecting all was not well at Dixons Carphone (DC.), it only seems fair to follow up on the most recent director dealing activity following the group’s August profit warning.

IC TIP: Hold at 170p

The shares plummeted 30 per cent following that update, so it’s no surprise to see the board buying up. Chief executive Seb James had blamed a sluggish UK mobile market for triggering the warning, but that hasn’t stopped him from ploughing an additional £44,500 of his own money into the company’s stock. He wasn’t alone in this effort to shore up confidence, either – chief financial officer Humphrey Singer handed over the same sum, while chairman Ian Livingston coughed up £99,472 for an additional 54,655 shares.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Allied Irish Banks♥ Helen Normoyle29 Aug 172,000501.310,0262,0000.000
Aura Energy♥ Peter Reeve (ch)30 Aug 1715,0001.4777322212,852,3651.619
Aura Energy♥ Peter Reeve (ch)30 Aug 1750,0001.4161670812,617,3651.590
Aura Energy♥ Peter Reeve (ch)30 Aug 17220,0001.416163,11612,837,3651.617
BCA Marketplace♥ Avril Palmer-Baunack (ch)24 Aug 17180186335725,5720.093
BCA Marketplace♥ Avril Palmer-Baunack (ch)24 Aug 17263184.38485725,0010.093
BCA Marketplace♥ Avril Palmer-Baunack (ch)24 Aug 17391184.51721725,3920.093
BCA Marketplace♥ Avril Palmer-Baunack (ch)24 Aug 17533184.38983724,2050.093
BCA Marketplace♥ Avril Palmer-Baunack (ch)24 Aug 17533184.38983724,7380.093
BCA Marketplace Timothy Lampert (cfo)25 Aug 174,071181.17,37323,3030.003
BCA Marketplace Timothy Lampert (cfo)29 Aug 173,929179.317,04527,2320.003
Communisis David Gilbertson (ch)29 Aug 1793,00053.736249,97593,0000.044
Dixons Carphone Andrea Joosen25 Aug 172,6001784,62811,6760.001
Dixons Carphone Humphrey Singer (cfo)25 Aug 1725,00017844,500444,7480.039
Dixons Carphone Ian Livingston (ch)25 Aug 1754,65518299,472105,6310.009
Dixons Carphone Gerry Murphy30 Aug 1730,00017652,80050,0000.004
Dixons Carphone Fiona McBain25 Aug 1719,12918234,81519,1290.002
Dixons Carphone Sebastian James (ceo)25 Aug 1725,00017844,500631,8350.055
Dixons Carphone♥ Tony DeNunzio 25 Aug 1750,00017889,000100,0000.009
Ediston Property Investment Company Colin Skinner29 Aug 1730,000113.7534,12530,0000.023
F&C Private Equity Trust Swantje Conrad30 Aug 178,323324.46527,0058,3230.011
FirstGroupTim O'Toole (ceo)25 Aug 177,126116.88,3231,157,5560.096
Greencore  Kevin O'Malley29 Aug 1719,500197.638,53219,5000.003
Greencore♥  Eoin Tonge (cfo)25 Aug 1725,13219649,259396,8180.056
Greencore♥  John Warren25 Aug 1717,693187.633,19289,2890.013
Greencore  Patrick Coveney (ceo)25 Aug 1750,000188.494,2003,478,3660.493
Greencore  Gary Kennedy (ch)24 Aug 1710,000196.119,610158,4410.022
Greencore  Sly Bailey25 Aug 1713,269187.824,91984,8650.012
Greencore  Thomas Sampson25 Aug 1735,000196.268,67035,0000.005
Griffin Mining Dal Brynelsen30 Aug 1725,0006215,500422,0010.248
Menzies (John) Philipp Joeinig25 Aug 1720,000700140,00020,0000.024
Primary Health Properties♥ Harry Hyman25 Aug 17378113.254282,876,0850.480
Princess Private Equity Holding Richard Battey24 Aug 175,000100050,00040,0000.058
Riverstone Energy♥ Kenneth Ryan24 Aug 1710,0001,296.71129,6715,084,7836.019
Riverstone Energy♥ David Leuschen24 Aug 1710,0001,296.71129,6715,084,7836.019
Riverstone Energy♥ Pierre Lapeyre Jr24 Aug 1710,0001,296.71129,6715,084,7836.019
Scientific Digital Imaging David Tilston24 Aug 1725,00026.456,61325,0000.028
Shanta Gold Robin Fryer30 Aug 17120,0003.754,500930,0000.121
Standard Life Private Equity Trust Alan Devine25 Aug 17102317.863245,6130.004
Tarsus  David Gilbertson29 Aug 1716,00031049,60026,0000.023
Trinity Exploration & Production James Menzies24 Aug 17250,0001127,500500,0000.177
WPP Jacques Aigrain25 Aug 174,0001,438.9457,55813,0000.001
Zenith Energy Andrea Cattaneo (ceo)30 Aug 17100,0007.677,6702,647,485

2.127

 

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
SThree Steve Quinn25 Aug 1719,949312.662,361339,8840.259
* placing/tender/open offer ♥ spouse/connected party