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Clipper Logistics' directors sell for liquidity

A number of Clipper's directors have sold down their shareholding to keep up with demand from institutional investors
February 1, 2018

The popularity of online shopping has been good news for Clipper Logistics (CLG). The company specialises in 'e-fulfilment', or, in layman’s terms, it helps retailers deliver online orders and return those items that didn’t quite look like their picture. Some of the latest retailers to partner with Clipper include Superdry (SDRY) and fashion chain Urban Outfitters. It’s even moved overseas via a deal to operate returns for Asos (ASC) in Poland.

IC TIP: Hold at 454p

Retailers aren’t the only ones taking notice of Clipper. A spokesperson for the logistics business said demand for shares from institutional investors has been so strong that a number of Clipper’s directors have sold down to boost liquidity. Chief executive Antony Mannix and chief financial officer David Hodkin both sold 498,237 shares, while executive chairman Steven Parkin offloaded 4.87m. Mr Parkin still owns a quarter of issued share capital following the sale, while Mr Mannix and Mr Hodkin both own 0.9 per cent.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Asian Income Fund Peter Arthur (ch)22 Jan 18453220.771,00058,6340.032
Aukett Swanke  Nicholas Thompson (ceo)23 Jan 18125,0002.53,12516,802,41110.170
Benchmark  Kevin Quinn23 Jan 1835,92969.5524,98960,9290.012
Brave Bison  Claire Hungate (ceo)18 Jan 181,248,5060.89,9881,248,5060.217
Brave Bison  Paul Campbell-White (cfo)18 Jan 18628,9300.7955,000628,9300.110
Brave Bison  Paul Marshall18 Jan 181,346,1530.7810,5001,346,1530.234
Brave Bison  Robin Miller (ch)18 Jan 181,900,0000.815,2003,593,2430.626
Cabot Energy*Jon Murphy (ch)18 Jan 18300,462515,0232,704,1600.417
Cabot Energy*Iain Lanaghan18 Jan 1853,37952,669480,4110.074
Cabot Energy*Keith Bush (ceo)18 Jan 18140,04757,002940,4260.145
Cabot Energy*Nick Morgan (fd)18 Jan 18111,02955,551999,2660.154
Cabot Energy*Paul Lafferty18 Jan 18100,00055,000671,2690.104
Carclo Chris Malley (ceo)24 Jan 18100,00083.8783,870259,7260.354
Carclo Mark Rollins24 Jan 1835,0008429,40070,0000.096
Connect  Gary Kennedy (ch)23 Jan 1830,00075.9922,79760,0000.024
Dunelm  Andy Harrison (ch)18 Jan 1877,449640.77496,270280,3810.139
FFI♥James Terlizzi (ch)18 Jan 18225,00077173,25010,308,1846.564
FFI  Timothy Trankina (cfo)19 Jan 18225,00077173,250225,0000.143
Franchise Brands David Poutney19 Jan 18490,00059.5291,5502,750,7913.539
GCP Infrastructure Investments Clive Spears23 Jan 1825,000120.8230,20551,9420.006
Hollywood Bowl♥Ivan Schofield23 Jan 189,65020519,78375,0000.050
Hollywood Bowl♥Ivan Schofield23 Jan 1815,35020531,46865,3500.044
Hotel Chocolat  Matt Pritchard (cfo)24 Jan 189,50033231,54026,3920.023
Keystone Investment Trust Katrina Hart19 Jan 181,0911,809.5019,7421,0910.008
Lakehouse Derek Zissman23 Jan 18100,00039.539,500100,0000.063
New Century AIM VCT Michael Barnard22 Jan 183,223772,4821,877,34221.494
Oxford BioMedica Lorenzo Tallarigo (ch)22 Jan 1823,94111.12,6572,197,0280.071
Palace Capital Stanley Davis (ch)18 Jan 18100,000330330,0001,665,2873.633
Shoe Zone Jonathan Fearn24 Jan 183501675853500.001
Shoe Zone♥Nick Davis (ceo)24 Jan 1811,00016718,37033,7000.067
Staffline  Christopher Pullen (cfo)24 Jan 185,043991.3749,99512,0000.043
Touchstar*Ian Martin (ch)22 Jan 18333,33360200,000668,5839.634
Touchstar*John Christmas22 Jan 1833,3336020,00033,3330.480
Touchstar*Mark Hardy22 Jan 1833,0006019,80033,0000.476
Velocity Composites Mark Mills (ch)24 Jan 1850,0009547,5001,934,0245.403
Volex Adrian Chamberlain24 Jan 1824,9868019,98924,9860.028
XLMedia Ory Weihs (ceo)18 Jan 1831,58018859,3704,031,8201.830
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Clipper Logistics Antony Mannix (ceo)24 Jan 18498,2374302,142,419860,3760.858
Clipper Logistics David Hodkin (cfo)24 Jan 18498,2374302,142,419860,3760.858
Clipper Logistics Steven Parkin (ch)24 Jan 184,872,000430
20,949,600
25,128,000
25.055
Cranswick John Bottomley (fd)24 Jan 189083,112.0828,25885,9650.169
Globalworth Real Estate InvestmentsIoannis Papalekas (ceo)24 Jan 181,000,000832.28,322,000
24,129,187
18.241
Hibernia REIT Kevin Nowlan (ceo)24 Jan 183,407,251132.64,518,9325,002,9180.723
Hilton Food  Robert Watson (ceo)19 Jan 1824,850835207,4983,005,0153.694
Park GroupGary Woods18 Jan 18206,13984.5174,1871,000,0000.539
Taptica International♥Hagai Tal (ceo)22 Jan 181,650,0004507,425,0009,375,50913.879
*Placing/tender/open offer ♥Spouse/connected party