Last November, online grocer Ocado (OCDO) signed an international partnership with French-listed supermarket chain Casino. But Casino is suddenly under scrutiny after Bernstein, a New York-based brokerage, downgraded the stock following concerns over how the business had accounted for transactions with related parties, specifically French franchisees. Analysts are concerned that this, combined with high levels of debt and limited cash flow, could affect the company’s valuation going forward.
Casino's shares fell again after S&P cut the French supermarket group’s credit rating into what commentators called “junk territory”. That's potentially concerning for partner Ocado and comes hot on the heels of a high-value share sale from the Steiner Millennium Trust – a family trust of which Ocado boss Tim Steiner is a beneficiary – in Ocado stock to the tune of £50m, as the trust attempts to diversify its holdings.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
1Spatial♥ | Peter Massey | 23 Aug 18 | 43,518 | 45.5 | 19,801 | 43,518 | 0.044 |
African Battery Metals* | Matthew Wood (fd) | 29 Aug 18 | 833,333 | 0.3 | 2,500 | 6,597,060 | 0.102 |
African Battery Metals* | Roger Murphy (ceo) | 29 Aug 18 | 833,333 | 0.3 | 2,500 | 16,547,619 | 0.256 |
Artemis VCT | Calum Paterson | 23 Aug 18 | 84,966 | 66.125 | 56,184 | 184,966 | 0.348 |
Artemis VCT | Edward Murray | 23 Aug 18 | 25,000 | 66.125 | 16,531 | 100,447 | 0.189 |
Atlantis Japan Growth Fund | Michael Moule | 29 Aug 18 | 2,000 | 215.6799 | 4,314 | 18,000 | 0.037 |
Byotrol | John Langlands (ch) | 23 Aug 18 | 500,000 | 3.7 | 18,500 | 4,600,000 | 1.142 |
Byotrol | Trevor Francis | 24 Aug 18 | 657,686 | 3.8 | 24,992 | 2,910,902 | 0.723 |
Centrica | Margherita Della Valle | 28 Aug 18 | 1,385 | 142.7 | 1,976 | 66,919 | 0.001 |
Collagen Solutions | Hilary Spence (cfo) | 23 Aug 18 | 220,000 | 4.5 | 9,900 | 250,817 | 0.077 |
Deltex Medical | Nigel Keen (ch) | 24 Aug 18 | 2,000,000 | 0.9 | 18,000 | 54,223,410 | 11.006 |
Fidelity European Values | Robin Niblett | 23 Aug 18 | 3,625 | 234.37 | 8,496 | 18,625 | 0.005 |
FireAngel Safety Technology | Ashley Silverton | 24 Aug 18 | 20,000 | 51.8 | 10,360 | 35,000 | 0.076 |
Fulham Shore (The) | Nabil Mankarious | 23 Aug 18 | 127,000 | 12 | 15,240 | 113,927,434 | 19.939 |
Georgia Capital | Irakli Gilauri (ch & ceo) | 29 Aug 18 | 31,138 | 1,019.51 | 317,455 | 860,106 | 2.243 |
Georgia Capital | Irakli Gilauri (ch & ceo) | 28 Aug 18 | 4,232 | 1,019.73 | 43,155 | 828,968 | 2.161 |
Intermediate Capital | Amy Schioldager | 28 Aug 18 | 10,000 | 1,033.59 | 103,359 | 10,000 | 0.003 |
International Personal Finance | John Mangelaars | 29 Aug 18 | 25,000 | 234.8 | 58,700 | 35,000 | 0.016 |
Richoux* | Jonathan Kaye (ceo) | 29 Aug 18 | 1,041,667 | 6 | 62,500 | 6,146,062 | 4.918 |
Richoux♥* | Jonathan Kaye (ceo) | 29 Aug 18 | 1,041,667 | 6 | 62,500 | 7,187,729 | 5.751 |
Richoux* | Mehdi Gashi | 29 Aug 18 | 416,667 | 6 | 25,000 | 816,667 | 0.653 |
Richoux* | Salvatore Diliberto | 29 Aug 18 | 2,166,667 | 6 | 130,000 | 28,403,108 | 22.726 |
Richoux♥* | Salvatore Diliberto | 29 Aug 18 | 2,000,000 | 6 | 120,000 | 30,403,108 | 24.327 |
Richoux* | Robert Rayne | 29 Aug 18 | 2,916,667 | 6 | 175,000 | 23,334,348 | 18.671 |
South32 | Frank Cooper | 24 Aug 18 | 5,144 | 1.91 | 9,825 | 128,010 | 0.003 |
South32 | Xiaoling Liu | 24 Aug 18 | 10,000 | 1.93 | 19,300 | 10,000 | 0.000 |
Standard Life Private Equity Trust | Jonathon Bond | 29 Aug 18 | 11,870 | 336 | 39,883 | 11,870 | 0.008 |
Sunrise Resources* | David Swan | 29 Aug 18 | 2,093,120 | 0.15 | 3,140 | 17,073,630 | 0.703 |
Sunrise Resources* | Patrick Cheetham (ch) | 29 Aug 18 | 1,948,853 | 0.15 | 2,923 | 83,454,885 | 3.435 |
Sunrise Resources* | Roger Murphy | 29 Aug 18 | 3,002,453 | 0.15 | 4,504 | 29,414,074 | 1.211 |
Tiziana Life Sciences♥ | Gabriele Cerrone (ch) | 23 Aug 18 | 5,000 | 108 | 5,400 | 64,165,170 | 50.553 |
Tiziana Life Sciences♥ | Gabriele Cerrone (ch) | 23 Aug 18 | 5,000 | 110.8 | 5,540 | 64,170,170 | 50.557 |
Tiziana Life Sciences♥ | Gabriele Cerrone (ch) | 23 Aug 18 | 3,000 | 112 | 3,360 | 64,173,170 | 50.559 |
TomCo Energy | Alexander Benger | 29 Aug 18 | 18,293 | 5.25 | 960 | 18,293 | 0.029 |
TP ICap | Edmund Ng | 28 Aug 18 | 20,000 | 288.9441 | 57,789 | 20,000 | 0.004 |
VPC Specialty Lending Investments♥ | Richard Levy | 28 Aug 18 | 67,375 | 83 | 55,921 | 3,147,813 | 0.861 |
Wynnstay | Gareth Davies | 24 Aug 18 | 8,000 | 488.75 | 39,100 | 17,297 | 0.088 |
Wynnstay | Paul Roberts (fd) | 24 Aug 18 | 8,000 | 488.75 | 39,100 | 115,795 | 0.586 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Derwent London♥ | Robert Rayne (ch) | 24 Aug 18 | 10,000 | 3,045.02 | 304,502 | 4,110,093 | 3.685 |
Marshalls | Martyn Coffey (ceo) | 29 Aug 18 | 35,703 | 453.8 | 162,020 | 311,765 | 0.156 |
Marshalls | Martyn Coffey (ceo) | 28 Aug 18 | 39,297 | 466.7 | 183,399 | 347,468 | 0.174 |
Ocado♥ | Timothy Steiner (ceo) | 24 Aug 18 | 4,791,200 | 1,060 | 50,786,720 | 15,285,649 | 2.190 |
Paddy Power Betfair | Peter Jackson (ceo) | 23 Aug 18 | 930 | 7,168.15 | 66,664 | 7,437 | 0.009 |
PHSC | Stephen King (ceo) | 24 Aug 18 | 253,624 | 11 | 27,899 | 2,896,376 | 19.734 |
*Placing/tender/open offer ♥Spouse/connected party |