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Boohoo insider sells shares worth £10.7m

A hefty sale, despite shares in the online retailer falling by about a fifth since the interim results last month
October 5, 2017

Boohoo (BOO) doesn’t appear to be in season with investors, as the share price has fallen by around a fifth since the online retailer announced its interim results at the end of last month. The focus was on margins, which management signalled will be around 9 to 10 per cent for the full year, down from the 10 to 10.6 per cent range in previous guidance. Boohoo is sticking to the low prices that it has become known for, while investing in marketing for its recently acquired brands Nasty Gal and PrettyLittleThing, along with funding plans to expand its distribution arm.

IC TIP: Hold at 209p

Joint chief executive Carol Kane has sold 4.65m ordinary shares in Boohoo at an average price of 230p a share, banking around £10.7m. She still has just over 46m shares in the online retailer, or about 4 per cent of share capital. Other members of the management team have sold shares this year to keep up with demand from institutional investors, in addition to issuing around 22.7m new shares to raise £50m.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
adept4 Simon Duckworth (ch)21 Sep 2017125,0004.505,6256,050,0002.664
Allied Irish Banks♥Carolan Lennon21 Sep 20172,000488.809,7762,0000.000
Amerisur Resources♥John Wardle (ceo)25 Sep 20171,200,00016.50198,00021,172,5051.745
Amerisur Resources Chris Jenkins25 Sep 2017100,00017.2517,2501,050,0000.087
Blue Prism  Chris Batterham27 Sep 201714,0001,000.00140,000214,0000.342
Bunzl Lloyd Pitchford22 Sep 20171,0002,204.0022,0401,0000.000
Bunzl Lloyd Pitchford22 Sep 20173,0002,205.0066,1504,0000.001
Card Factory♥ Karen Hubbard (ceo)27 Sep 201721,586286.6061,86586,8390.025
Christie  Daniel Prickett 27 Sep 201725,000111.0027,75025,0000.094
Cropper (James)♥ Mark Cropper (ch)21 Sep 201711,7101,905.00223,0761,283,90413.563
Drax  Will Gardiner26 Sep 201716,046311.5749,99557,3920.014
Drax  Andy Koss26 Sep 201715,000307.4546,11852,1130.013
Entertainment One Mitzi Reaugh26 Sep 20177,000261.2118,2847,0000.002
HSBCMark Tucker25 Sep 2017276,000723.511,996,898276,0000.001
Halma William Rice27 Sep 20179,2741,072.6399,47616,9390.004
IndigoVision  George Elliott (ch)22 Sep 201713,000201.0026,13013,0000.171
IndigoVision  Chris Lea (cfo)22 Sep 20175,000203.0010,15029,0780.382
M Winkworth Dominic Agace (ceo)21 Sep 201715,000100.9515,143630,6284.953
Mercantile Ports and Logistics Howard Flight25 Sep 2017150,0008.2512,375150,0000.036
Micro Focus International Kevin Loosemore (ch)22 Sep 201730,0002,426.20727,860727,8890.167
Oxford BioMedica♥ Andrew Heath 26 Sep 2017110,5119.0510,0011,607,0860.052
PCI-PAL William Good (cfo)22 Sep 201750,00043.0021,500100,0000.317
Primorus Investments Alastair Clayton26 Sep 20174,000,0000.239,20057,000,0002.482
Primorus Investments Alastair Clayton26 Sep 20175,000,0000.2211,00062,000,0002.700
Restore Martin Towers25 Sep 20175,000527.9026,3955,0000.004
Rose Petroleum Christopher Eadie 22 Sep 2017114,6554.354,987115,5990.118
Rose Petroleum Christopher Eadie 22 Sep 2017114,7874.344,982230,3860.236
Rose Petroleum Christopher Eadie22 Sep 2017116,8034.274,987347,1890.356
Rose Petroleum Matthew Idiens (ceo)22 Sep 2017125,0004.295,363720,2570.738
Rose Petroleum Matthew Idiens (ceo)22 Sep 2017375,0004.3016,125595,2570.610
Senior David Squires 21 Sep 201750,000258.47129,23571,4100.017
Symphony International Holdings Anil Thadani22 Sep 2017500,00083.83419,13064,480,74212.597
Tatton Asset Management Lothar Mentel 27 Sep 201760,000181.00108,600672,0341.202
Trinity Exploration & Production Angus Winther25 Sep 2017408,16312.2550,00023,065,1788.168
Vitesse Media*Simon Stilwell (ceo)27 Sep 201710,486,2012.00209,72417,500,00010.171
XLMedia Ory Weihs (ceo)22 Sep 201736,764136.0049,9993,876,6121.897
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Abcam Jonathan Milner 21 Sep 20173,107,0341,016.8031,592,32220,888,11010.208
boohoo.com Carol Kane 27 Sep 20174,650,000230.1010,699,86446,330,4214.036
CLS Holdings Thomas Lundqvist21 Sep 2017750,000202.001,515,00018,9900.005
Ferrexpo Chris Mawe (cfo)22 Sep 201792,202285.10262,868115,4370.020
GVC Holdings Norbert Teufelberger21 Sep 2017230,746844.811,949,3651,224,5300.413
GVC Holdings Norbert Teufelberger22 Sep 201769,254844.36584,7531,155,2760.390
Gamma Communications Andrew Stone21 Sep 20177,500602.6545,199623,0000.668
Gamma Communications Andrew Stone25 Sep 201735,000600.00210,000588,0000.631
LondonMetric Property Martin McGann 25 Sep 201762,500167.50104,6882,705,0310.389
LondonMetric Property Martin McGann 26 Sep 201755,106166.1091,5312,649,9250.381
LondonMetric Property Martin McGann 27 Sep 201792,764164.80152,8752,557,1610.368
Michelmersh Brick Holdings Martin Warner (ch)22 Sep 2017750,00087.50656,2504,638,7325.383
Onesavings Bank Andrew Golding (ceo)21 Sep 2017550,000391.972,155,8601,780,4930.731
PureCircle Christopher Pratt21 Sep 2017370461.751,708640,3260.369
PureCircle Christopher Pratt21 Sep 201725,000462.00115,500640,6960.369
PureCircle Christopher Pratt21 Sep 201730,000465.00139,500665,6960.383
PureCircle Christopher Pratt21 Sep 201744,630460.00205,298595,6960.343
Rosslyn Data Technologies Charles Clark 25 Sep 2017100,0007.007,00010,076,4155.356
Sportech Ian Penrose21 Sep 2017300,00095.29285,875561,8000.303
Stobart Group Andrew Tinkler21 Sep 2017250,000285.00712,50026,976,8117.663
        
* placing/tender/open offer ♥ spouse/connected party