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Fevertree director backs US expansion

The drinks company is in the process of expanding its North American operations with a dedicated management team
May 31, 2018

Management at Fevertree Drinks (FEVR) is hoping its mixers will prove as popular on the other side of the Atlantic as they have in the UK. The drinks company has established a dedicated North American team to guide expansion in what the company feels is a market still in the early stages of growth. The US may be Fevertree’s second-largest market, but it accounts for less than a fifth of group revenues.

IC TIP: Buy at 2998p

Kevin Havelock, a non-executive director at the company, is throwing his money behind the plans. He bought 9,000 shares at 2,806.57p each. This transaction – which totalled more than £250,000 – took place near the share price peak. At the annual general meeting (AGM) in May, Fevertree chairman Bill Ronald confirmed the US team will take over the American distribution network from the beginning of June.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
3i  Simon Borrows (ceo)17 May 18250,000970.07652,425,19113,183,3941.355
Alumasc♥David Armfield22 May 1814,40013519,44069,4000.192
Amerisur Resources♥John Wardle (ceo)22 May 18395,00020.2579,98821,889,5051.804
Arc Minerals Nick Von Schirnding (ch)17 May 18471,0752.7312,8607,631,0751.416
Arc Minerals Nick Von Schirnding (ch)22 May 18472,9003.114,6608,103,9751.503
BT  Mike Inglis21 May 1824,49220349,71929,0910.000
Boot (Henry) Gerald Jennings21 May 183,40030410,3367,1500.005
Brewin Dolphin  Caroline Taylor17 May 185,00038519,25010,0000.004
British Land Co Preben Prebensen17 May 1820,000698.808139,76220,0000.002
British Land Co Simon Carter (cfo)21 May 187,300691.7850,5007,3000.001
Burberry  Jeremy Darroch22 May 182,0002,00140,0203,0000.001
Countryside Properties Douglas Hurt18 May 185,800375.521,7795,8000.001
Countryside Properties♥Douglas Hurt18 May 185,800375.521,77911,6000.003
DX Ian Gray22 May 18350,0009.3432,690600,0000.105
Fevertree Drinks Kevin Havelock18 May 184,0002,806.72112,26919,5210.017
Fevertree Drinks Kevin Havelock18 May 185,0002,806.45140,32315,5210.013
Georgia Healthcare  Ingeborg Oie22 May 1810,000299.929,99039,0000.030
Gresham House*Rachel Beagles22 May 1810,97641045,00210,9760.058
Gresham House Rachel Beagles22 May 1810,97641045,00221,9520.117
Gresham House*Simon Stilwell22 May 1818,78041076,99818,7800.100
Gresham House Simon Stilwell22 May 1818,78041076,99837,5600.200
Hikma Pharmaceuticals♥John Castellani22 May 181,0001,376.9513,7703,5000.001
IXICO Charles Spicer (ch)23 May 1860,6063320,000122,6840.452
InterQuest♥Gary Ashworth (ch)17 May 184,166,667241,000,00034,370,23966.187
Marston's Andrew Andrea (fd)23 May 1840,000101.440,560332,7730.050
Melrose Industries Justin Dowley21 May 1812,317242.229,8321,077,9780.023
Pets at Home  Peter Pritchard23 May 1870,987140.1599,48870,9870.013
Polemos Nigel Burton (ch)23 May 182,272,7271.227,2738,248,6607.927
Robinson Guy Robinson (fd)21 May 1825,9577719,9871,212,6017.299
Robinson Guy Robinson (fd)21 May 1827,0097720,7971,186,6447.143
RockRose Energy Richard Benmore23 May 187,691435.633,502196,1401.279
Speedy Hire David Shearer18 May 1850,00059.34829,674200,0000.038
Speedy Hire David Shearer18 May 1850,00059.556329,778250,0000.048
Speedy Hire Jan Astrand (ch)17 May 1850,00058.4929,245550,0000.105
Speedy Hire Jan Astrand (ch)17 May 1850,00058.529,250600,0000.115
Spirent Communications Edgar Masri18 May 1820,000117.567623,51420,0000.003
StatPro  Jane Tozer 21 May 187,50017813,35032,2520.049
Symphony International  Anil Thadani18 May 18355,41873.8895262,61766,410,50813.537
Symphony International  Anil Thadani21 May 18153,15975114,86966,563,66713.569
Tesco Lindsey Pownall23 May 1850,000246.4123,20070,0000.001
Tritax Big Box REIT♥Richard Laing17 May 1833,388148.97349,73933,3880.002
Tyman Mark Rollins17 May 1815,000330.549,57540,0000.020
U and I  Marcus Shepherd (fd)21 May 1816,102235.837,969184,4470.147
U and I♥Matthew Weiner (ceo)21 May 1817,315235.840,829401,8930.321
U and I  Richard Upton21 May 1816,751235.839,4993,068,7772.453
VR Education  Mike Boyce21 May 18499,9421679,991499,9420.259
Vodafone  David Nish17 May 1812,881194.0824,99987,0180.000
Zotefoams*Gary McGrath (fd)18 May 183,77353019,9975,0090.010
Zotefoams*Stephen Good (ch)18 May 187,54753039,99922,5470.047
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Brooks Macdonald♥Andrew Shepherd21 May 181,000195019,50047,1530.341
Close Brothers  Jonathan Howell (fd)23 May 1892,4871,5701,452,046108,0900.071
Homeserve Martin Bennett23 May 18425,947874.853,726,397129,3690.039
Petards♥Paul Negus18 May 1850,0002613,000650,0001.151
Petards♥Paul Negus22 May 1825,000256,250625,0001.107
* placing/tender/open offer ♥ spouse/connected party