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Clipper Logistics directors buy the dip

Shares in the logistics company have fallen dramatically since it warned investors it needed an "element of caution"
August 9, 2018

Alongside Clipper Logistics (CLG) full-year results, released in July, chairman Steve Parkin warned that an "element of caution" would be introduced to the group’s planning process, due to "wider forces" affecting the UK retail sector. Despite a strong pipeline of new business and recent contract wins, the less-than-optimistic tone sent the shares tumbling.

IC TIP: Sell at 308p

In this context, it seems chief executive Antony Mannix and chief financial officer David Hodkin are holding true to the idea of 'buy-the-dip'. Mr Mannix purchased 80,000 shares while Mr Hodkin scooped up 240,000, both at just over 318p each. These transactions of £255,000 and £764,190 respectively, were conducted through family investment companies – the usual method since Clipper went public. A spokesperson for the company said the purchases reflect managements’ "ongoing confidence" in the business. Mr Mannix now owns 0.93 per cent of Clipper’s outstanding shares, while Mr Hodkin owns 1.1 per cent.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Alliance Trust Christopher Samuel26 Jul 1820,000768.9153,78040,2650.012
APC Technology*Anthony Lochery 26 Jul 181,481,4816.75100,0003,603,7032.003
APC Technology*Richard Hodgson (ceo)26 Jul 18300,0006.7520,2502,300,0001.279
Avon Rubber Nick Keveth (fd)26 Jul 181,3831,444.6419,9796,1470.020
Avon Rubber Chloe Ponsonby26 Jul 181,4001,44520,2303,4000.011
CentralNic*Donald Baladasan (cfo)01 Aug 1886,5385245,000159,4550.093
CentralNic*Iain McDonald01 Aug 1896,1535250,00096,1530.056
Ceres Power*Aidan Hughes27 Jul 18265,20015.0839,992265,2000.021
Ceres Power*♥Alan Aubrey (ch)27 Jul 1826,525,10015.083,999,985284,063,39422.226
Clipper Logistics♥Antony Mannix (ceo)30 Jul 1880,000318.4127254,730946,7860.933
Clipper Logistics♥David Hodkin (cfo)30 Jul 18240,000318.4127764,1901,113,1961.097
Deltex Medical  Nigel Keen (ch)26 Jul 186,000,0000.841750,50248,223,4109.788
Deltex Medical  Andrew Mears (ceo)27 Jul 182,234,2220.8919,8852,781,8080.565
Equiniti  Tim Miller27 Jul 1825,000232.6858,17095,7980.026
Equiniti  Guy Wakeley (ceo)27 Jul 1825,000232.6858,1701,145,6190.314
Equiniti  John Stier (cfo)27 Jul 1810,000232.6823,268333,8280.092
Equiniti  Philip Yea (ch)27 Jul 1863,000237.63149,707148,0000.041
Findel Stuart Caldwell (cfo)26 Jul 1816,63629949,74224,8200.029
Ilika Michael Inglis (ch)30 Jul 18250,0002050,000365,0000.362
Ilika Graeme Purdy (ceo)30 Jul 18125,0002025,000734,4270.729
Ilika Keith Jackson 30 Jul 1850,0002010,00070,0000.070
Infrastructure India Timothy Walker31 Jul 18500,0003.417,000981,6670.144
Infrastructure India Sonny Lulla (ceo)31 Jul 18500,0003.919,5001,500,0000.221
Judges Scientific Charles Holroyd26 Jul 188062,48019,9891,2170.020
Judges Scientific Charles Holroyd26 Jul 187992,50019,9752,0160.033
Just Eat Michael Evans31 Jul 186,238801.49149,9976,2380.001
Luceco John Barton30 Jul 1861,53834.7521,384100,0000.062
Luceco Tim Surridge30 Jul 1850,00034.7517,37569,2310.043
LucecoGiles Brand (ch)01 Aug 18622,91939.74247,5489,466,9195.887
LucecoJohn Hornby (ceo)01 Aug 181,000,00039.74397,40032,396,51420.147
MaxCyte♥John Johnston26 Jul 1811,50024027,60086,5000.170
OptiBiotix Health Neil Davidson (ch)30 Jul 18103,00098.6101,558478,0000.567
Park Group Martin Stewart (fd)27 Jul 1825,0006917,2501,239,6000.667
Polar Capital  Alexa Coates 31 Jul 182,00067413,4802,0000.002
Proteome Sciences Martin Diggle27 Jul 18525,0003.4918,32355,913,43118.942
Proteome Sciences♥Martin Diggle01 Aug 18328,0003.511,48056,359,43119.093
PZ Cussons Caroline Silver (ch)26 Jul 1810,00022022,00030,0000.007
PZ Cussons Brandon Leigh (cfo)30 Jul 1811,000232.125,531156,9170.037
Swallowfield Roger McDowell27 Jul 188,66627023,398389,1052.271
VPC Specialty Lending Investments♥Richard Levy01 Aug 1866,6098355,2853,080,4380.843
W Resources♥Michael Masterman (ch)27 Jul 185,500,0000.43523,9251,086,565,64819.835
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint  Andrew Scull 31 Jul 1810,8062,013.30217,55759,1940.211
4imprint♥Andrew Scull 31 Jul 189,1942,013.30185,10350,0000.178
Actual Experience Robin Young26 Jul 183,6002609,3602,6000.006
Actual Experience Robin Young26 Jul 181,0002702,7006,2000.014
Blue Prism  Alastair Bathgate (ceo)26 Jul 18410,0001,8447,560,4004,653,2246.966
Halma Jennifer Ward26 Jul 181,1341,386.3915,72216,1930.004
Halma Adam Meyers26 Jul 183,4061,386.3947,220340,4800.090
Halma Jennifer Ward31 Jul 187,5561,403.78106,07023,7490.006
Halma Adam Meyers31 Jul 1823,9081,403.78335,616343,4800.090
Halma Andrew Williams (ceo)31 Jul 1841,4021,403.78581,193608,6460.160
Independent Investment Trust (The) Douglas McDougall (ch)01 Aug 1825,000761.2190,3007,999,50014.421
*Placing/tender/open offer ♥Spouse/connected party