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Joules directors bank gains

Directors at the clothing chain have sold down following the shares' good run
February 14, 2018

Just a few days after clothing chain Joules (JOUL) published an upgrade-worthy set of half-year figures, both chief executive Colin Porter and non-executive chairman Neil McCausland sold down a portion of their holdings in the company for "personal reasons". Mr McCausland’s wife, Janet Lovekin, also sold 20,000 shares to bank close to £66,000. Following the disposals, Mr Porter remains in control of 1.7 per cent of the group, while Mr McCausland and persons associated with him own around 0.5 per cent in total.

IC TIP: Buy at 316p

Joules was one of a small cluster of retailers to report solid trading over Christmas, with total sales rising by nearly a fifth over the festive period. Half-year figures closed around the Black Friday promotional weekend, and together with the Christmas update provided scant evidence of sales slowing through the final part of last year into January.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
3i  David Hutchison 01 Feb 183,00096028,80062,9660.006
3i  Jonathan Asquith01 Feb 183,00096028,80046,0010.005
3i  Simon Thompson (ch)01 Feb 183,10196029,77048,5580.005
3i  Stephen Daintith01 Feb 183,00096028,8004,2410.000
3i  Caroline Banszky01 Feb 183,00096028,80015,9950.002
3i  Peter Grosch01 Feb 183,00096028,8007,2490.001
Aquila Services  Derek Joseph (ch)07 Feb 18135,1353750,0003,005,5388.523
AstraZeneca Philip Broadley02 Feb 184154,846.3620,1122,7150.000
Atlantis Japan Growth Fund Richard Pavry01 Feb 1816,000241.7538,68040,0000.078
Blancco Technology♥Tom Skelton06 Feb 1815,00069.3310,40027,5000.043
Conviviality Mark Moran (cfo)05 Feb 1860,000299179,40060,0000.033
Conviviality David Adams (ch)05 Feb 1816,00030648,96074,1630.040
Conviviality Steve Wilson05 Feb 1848,500305147,925173,5000.095
Conviviality♥Diana Hunter (ceo)05 Feb 1815,00029744,550828,4760.452
Conviviality Diana Hunter (ceo)05 Feb 1850,000305152,500813,4760.444
Ergomed Peter George (ch)01 Feb 18500,000190950,000776,2501.736
FirstGroupDavid Robbie02 Feb 1830,000101.6530,49530,0000.002
Fulcrum Utility Services Wayne Hayes06 Feb 184,883,93561.63,008,5044,883,9352.320
Greene King Rooney Anand (ceo)07 Feb 1810,000503.450,340616,9470.199
Horizon Discovery♥Jonathan Milner05 Feb 18260,000178.8464,88010,050,6806.742
Horizon Discovery♥Jonathan Milner07 Feb 1890,492165149,31210,141,1726.802
Intermediate Capital  Rusty Nelligan05 Feb 185,0001,094.4554,723106,0420.037
Low & Bonar♥Martin Flower (ch)02 Feb 1850,0006231,000606,9120.184
Metal Tiger Charles Hall (ch)05 Feb 181,000,0002.07720,77030,858,4062.817
National Grid Mark Williamson01 Feb 1843,128805.0513347,20347,4600.001
Personal Assets Trust Paul Read07 Feb 1850039,920199,6001,0000.047
RPC  Kevin Thompson07 Feb 1810,00079979,90010,0000.002
Rank GroupClive Jennings (fd)01 Feb 1856,571226.5128,133119,0710.030
Rank GroupHenry Birch (ceo)01 Feb 18127,837226.5289,551227,8370.058
SQN Asset Finance Income Fund♥Paul Meader05 Feb 1823,00089.420,56247,0000.013
Stobart  Andrew Tinkler02 Feb 18250,000247.78619,45027,226,8117.741
Stobart  Andrew Tinkler07 Feb 18100,000238.8238,80027,326,8117.797
Taptica International Hagai Tal (ceo)06 Feb 1836,000398.3143,3889,411,50913.932
VPC Specialty Lending Investments♥Richard Levy07 Feb 1870,88579.856,5662,664,8960.723
Vietnam Enterprise Investments Dominic Scriven02 Feb 1836,423482.1175,59536,4230.017
XLMedia Ory Weihs (ceo)02 Feb 1826,737186.849,9454,058,5571.842
XLMedia Ory Weihs (ceo)02 Feb 1827,32218149,4534,085,8791.854
XLMedia Ory Weihs (ceo)05 Feb 1823,250171.539,8744,109,1291.865

Sells

Company

DirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)

Aquila Services 

Steven Douglas07 Feb 18135,1353750,0003,144,3058.916

BCA Marketplace 

Avril Palmer-Baunack (ch)01 Feb 18600,000188.21,129,20013,813,8551.718

Colefax♥

Robert Barker (fd)07 Feb 182,60052513,650262,9022.681

Colefax  

Robert Barker (fd)07 Feb 182,60052513,650265,5022.707

Colefax♥

Robert Barker (fd)07 Feb 185,00052526,250252,9022.579

Colefax♥

Robert Barker (fd)07 Feb 185,00052526,250257,9022.630

Colefax  

Wendy Nicholls07 Feb 1810,00052552,50087,3500.891

Ergomed 

Miroslav Reljanovic01 Feb 18500,000190950,00017,132,23738.318

Ergomed 

Miroslav Reljanovic01 Feb 182,000,0001903,800,00015,132,23733.845

Impax Asset Management♥

Keith Falconer (ch)02 Feb 18475,000165783,7506,637,7755.090

Impax Asset Management  

Keith Falconer (ch)02 Feb 183,376,5151655,571,2506,637,7755.090

Joules  

Colin Porter (ceo)02 Feb 18750,0003252,437,5001,519,8221.737

Joules♥

Neil McCausland (ch)02 Feb 1820,000329.9165,982475,3750.543

Joules  

Neil McCausland (ch)02 Feb 18130,000325422,500495,3750.566

Latham (James) 

Chris Sutton02 Feb 181,2398059,97455,0640.280

Patisserie Holdings

James Horler01 Feb 1847,116367.575173,187100,0000.100

Rank Group

Michael Burke (ch)01 Feb 18184,000226.5416,760579,5560.148

Telford Homes 

Andrew Wiseman (ch)02 Feb 1850,000407.2203,6002,203,9272.925

Telford Homes 

Andrew Wiseman (ch)02 Feb 1875,000410.61307,9582,253,9272.992

Titon  

Nicholas Howlett05 Feb 1810,25017718,14338,5000.353

* placing/tender/open offer ♥ spouse/connected party