Could more bad news be on the horizon for window and door specialist Safestyle (SFE)? The group’s shares have sharply de-rated in the wake of three separate profit warnings, which punctuated the latter half of 2017. But that hasn’t deterred chief executive Steve Birmingham from offloading 1.4m shares to the tune of £2.2m for “personal financial reasons”. A spokesperson for the company said Mr Birmingham remains “fully committed” to the business and has agreed not to dispose of any further stock for another two years.
But the trading update issued on 13 December 2017 hardly inspires much confidence. Sales in the final month of last year were disrupted by harsh weather, which means the group now expects annual underlying pre-tax profits to fall short of market expectations. Initial projections for FY2018 have also been re-evaluated.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aggregated Micro Power | Neil Eckert (ch) | 20 Dec 17 | 29,000 | 85 | 24,650 | 7,835,700 | 18.142 |
| Alliance Trust | Christopher Samuel | 19 Dec 17 | 6,500 | 749.5 | 48,718 | 20,190 | 0.006 |
| Aviva | Keith Williams | 20 Dec 17 | 10,000 | 503.5 | 50,350 | 10,000 | <0.001 |
| Beazley | David Roberts | 18 Dec 17 | 41,300 | 485.7007 | 200,594 | 41,300 | 0.008 |
| Britvic | John Daly (ch) | 18 Dec 17 | 7,000 | 794.85 | 55,640 | 15,000 | 0.006 |
| D4t4 Solutions | Matthew Tod | 19 Dec 17 | 10,000 | 130 | 13,000 | 10,000 | 0.026 |
| Direct Line Insurance | Penny James | 18 Dec 17 | 135,983 | 367.69 | 499,996 | 135,983 | 0.010 |
| Driver♛ | David Kilgour (cfo) | 20 Dec 17 | 50,000 | 68 | 34,000 | 50,000 | 0.093 |
| Electrocomponents | Bertrand Bodson | 19 Dec 17 | 10,000 | 620.43 | 62,043 | 20,000 | 0.005 |
| Electrocomponents | Simon Pryce | 15 Dec 17 | 10,000 | 607.0688 | 60,707 | 10,000 | 0.002 |
| Equiniti | Guy Wakeley (ce) | 20 Dec 17 | 10,000 | 285 | 28,500 | 121,327 | 0.033 |
| Franchise Brands | David Poutney | 20 Dec 17 | 50,821 | 50 | 25,411 | 2,260,791 | 2.908 |
| Globalworth Real Estate Inv's | Ioannis Papalekas (ce) | 15 Dec 17 | 300,000 | 900 | 2,700,000 | 23,941,545 | 18.498 |
| Globalworth Real Estate Inv's | I Papalekas (ce) | 15 Dec 17 | 272,632 | 885 | 2,412,793 | 24,214,177 | 18.709 |
| Go-Ahead | Patrick Butcher (cfo) | 19 Dec 17 | 3,300 | 1,522 | 50,226 | 7,663 | 0.018 |
| Gocompare.com | Dr Ashley Steel | 19 Dec 17 | 47,833 | 103.75 | 49,627 | 47,833 | 0.011 |
| Hiscox Ltd | Colin Keogh | 14 Dec 17 | 944 | 1,390 | 13,124 | 17,095 | 0.006 |
| Hiscox Ltd | Anne Macdonald | 14 Dec 17 | 1,574 | 1,390 | 21,883 | 22,185 | 0.008 |
| Hollywood Bowl | Ivan Schofield | 14 Dec 17 | 50,000 | 204 | 102,000 | 50,000 | 0.033 |
| Hollywood Bowl | Laurence Keen (cfo) | 14 Dec 17 | 9,706 | 204 | 19,800 | 1,492,031 | 0.995 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Carnival | Arnold Donald (ce) | 19 Dec 17 | 6,000 | 5,083 | 304,978 | 532,606 | 0.252 |
| Derwent London | Hon RA Rayne (ch) | 18 Dec 17 | 10,000 | 3,072 | 307,200 | 4,164,703 | 3.731 |
| First Derivatives | Graham Ferguson (cfo) | 19 Dec 17 | 22,647 | 3,985 | 902,483 | 100,000 | 0.392 |
| Frenkel Topping† | Jason Granite | 14 Dec 17 | 744,772 | 58.5 | 435,692 | 0 | 0.000 |
| GlaxoSmithKline♥ | Dr PJT Vallance | 18 Dec 17 | 32,974 | 1,309 | 431,666 | 139,357 | 0.003 |
| GlaxoSmithKline | Dr PJT Vallance | 18 Dec 17 | 20,000 | 1,310 | 262,088 | 172,331 | 0.004 |
| Paragon Banking | Alan Fletcher | 19 Dec 17 | 30,000 | 495.45 | 148,635 | 50,000 | 0.019 |
| Safestyle UK | Steve Birmingham (ce) | 15 Dec 17 | 1,400,000 | 160 | 2,240,000 | 2,799,846 | 3.381 |
| Scholium | Jasper Allen (ch) | 19 Dec 17 | 30,000 | 50 | 15,000 | 72,000 | 0.529 |
| *Placing/tender/open offer ♥Spouse/connected party †Share buyback ♛ Sipp/Isa | |||||||
