Chief executive John Graham is slowing reducing his stake in medical imaging group Medica (MGP). After leading a management buyout in 2013, just two years after taking the top job, he sold half his 7 per cent stake in the company when it floated last year. Now he has relinquished another £2m-worth of shares, lowering his holding to just over 2 per cent.
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Medica’s shares haven't lived up to the excitement of their first day of trading. After listing at 135p a share, the group closed its first day up 37 per cent at 185p. But announcements since then have failed to soothe concerns that the medical imaging company is too reliant on the cash-strapped NHS. Despite the fact that the top line has maintained a double-digit growth rate, gross margins have been hampered by a decline in spending from the UK’s public health service.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| 1Spatial | Peter Massey | 20 Sep 18 | 48,295 | 41 | 19,801 | 91,813 | 0.093 |
| Be Heard | Simon Pyper (cfo) | 20 Sep 18 | 3,110,688 | 1.2 | 37,328 | 3,110,688 | 0.299 |
| Boot (Henry) | Darren Littlewood (fd) | 21 Sep 18 | 7,794 | 291.75 | 22,739 | 65,000 | 0.049 |
| Cello Health | Clifford Tompsett | 25 Sep 18 | 20,000 | 137 | 27,400 | 20,000 | 0.019 |
| Collagen Solutions | David Evans (ch) | 25 Sep 18 | 650,000 | 3.75 | 24,375 | 43,187,411 | 13.308 |
| Essentra | Ralf Wunderlich | 20 Sep 18 | 10,000 | 412 | 41,200 | 121,000 | 0.046 |
| Flowtech Fluidpower | Malcolm Diamond (ch) | 20 Sep 18 | 16,028 | 123.7 | 19,827 | 66,028 | 0.108 |
| Flowtech Fluidpower | Bill Wilson | 20 Sep 18 | 12,500 | 123.9 | 15,488 | 12,500 | 0.021 |
| Flowtech Fluidpower | Nigel Richens | 21 Sep 18 | 23,500 | 128.5 | 30,197 | 73,500 | 0.121 |
| Imperial Brands | Oliver Tant (cfo) | 20 Sep 18 | 5,386 | 2586 | 139,282 | 68,816 | 0.007 |
| Low & Bonar | Daniel Dayan | 26 Sep 18 | 368,000 | 40.41 | 148,709 | 368,000 | 0.111 |
| Menzies (John) | Philipp Joeinig | 26 Sep 18 | 49,695 | 555 | 275,807 | 99,695 | 0.119 |
| Phoenix Global Resources | John Bentley | 26 Sep 18 | 42,000 | 24 | 10,080 | 42,000 | 0.002 |
| Phoenix Global Resources | Philip Wolfe | 26 Sep 18 | 41,666 | 24 | 10,000 | 41,666 | 0.002 |
| Phoenix Global Resources | Michael Rake (ch) | 26 Sep 18 | 41,666 | 24 | 10,000 | 128,003 | 0.005 |
| Phoenix Global Resources | Anuj Sharma | 26 Sep 18 | 42,000 | 25 | 10,500 | 42,000 | 0.002 |
| SDL | Christopher Humphrey | 25 Sep 18 | 5,000 | 465 | 23,250 | 20,000 | 0.022 |
| Shield Therapeutics | Carl Sterritt (ceo) | 21 Sep 18 | 88,235 | 34 | 30,000 | 10,163,496 | 8.730 |
| SIG | Andrew Allner (ch) | 25 Sep 18 | 12,014 | 124.85 | 14,999 | 28,954 | 0.005 |
| SIG♥ | Alan Lovell | 26 Sep 18 | 20,000 | 130.865 | 26,173 | 20,000 | 0.003 |
| Smiths Group | Noel Tata | 24 Sep 18 | 2,000 | 1,498 | 29,960 | 2,000 | 0.001 |
| Standard Life Aberdeen | John Devine | 24 Sep 18 | 15,713 | 318.19 | 49,997 | 32,456 | 0.001 |
| Thomas Cook | Frank Meysman (ch) | 25 Sep 18 | 50,000 | 58.75 | 29,375 | 597,000 | 0.039 |
| Thomas Cook | Frank Meysman (ch) | 25 Sep 18 | 100,000 | 60.12 | 60,120 | 697,000 | 0.045 |
| TP ICap | Philip Price | 24 Sep 18 | 8,454 | 295.7 | 24,998 | 8,454 | 0.002 |
| UDG Healthcare | Brendan McAtamney (ceo) | 20 Sep 18 | 35,000 | 660 | 231,000 | 115,000 | 0.046 |
| Wilmington | Paul Dollman | 21 Sep 18 | 15,000 | 183 | 27,450 | 40,000 | 0.046 |
| Wilmington | Martin Morgan | 21 Sep 18 | 25,000 | 184 | 46,000 | 25,000 | 0.029 |
| Zenith Energy | Andrea Cattaneo Adorno (ceo) | 21 Sep 18 | 1,000,000 | 3.38 | 33,800 | 11,926,992 | 7.785 |
| Zenith Energy | Andrea Cattaneo Adorno (ceo) | 21 Sep 18 | 2,000,000 | 3.38 | 67,600 | 13,926,992 | 9.091 |
| Zenith Energy | Andrea Cattaneo Adorno (ceo) | 24 Sep 18 | 970,000 | 3.4 | 32,980 | 14,896,992 | 9.724 |
| Zenith Energy | Andrea Cattaneo Adorno (ceo) | 20 Sep 18 | 300,000 | 3.48 | 10,440 | 10,926,992 | 7.132 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Altitude | Martin Varley | 25 Sep 18 | 500,000 | 70.89 | 354,450 | 12,132,559 | 22.216 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 20 Sep 18 | 5,000,000 | 212.5 | 10,625,000 | 8,870,135 | 1.112 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 1,500 | 214.5 | 3,218 | 8,849,135 | 1.110 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 10,000 | 214.54 | 21,454 | 8,850,635 | 1.110 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 5,000 | 215 | 10,750 | 8,865,135 | 1.112 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 1,500 | 215 | 3,225 | 8,863,635 | 1.111 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 3,000 | 215 | 6,450 | 8,860,635 | 1.111 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 3,000 | 215 | 6,450 | 8,846,135 | 1.109 |
| BCA Marketplace | Avril Palmer-Baunack (ch) | 21 Sep 18 | 1,000 | 215 | 2,150 | 8,845,135 | 1.109 |
| Close Brothers | Jonathan Howell (fd) | 26 Sep 18 | 30,577 | 1,604 | 490,455 | 60,000 | 0.040 |
| Future | Penny Ladkin-Brand (cfo) | 24 Sep 18 | 55,000 | 450 | 247,500 | 305,395 | 0.375 |
| Haydale Graphene Industries | Raymond Gibbs (ceo) | 26 Sep 18 | 38,233 | 40.5 | 15,484 | 456,453 | 1.670 |
| InnovaDerma | Haris Chaudhry (ch) | 21 Sep 18 | 250,000 | 149 | 372,500 | 4,735,220 | 32.664 |
| InnovaDerma | Haris Chaudhry (ch) | 21 Sep 18 | 705,000 | 150 | 1,057,500 | 4,030,220 | 27.801 |
| InnovaDerma | Haris Chaudhry (ch) | 21 Sep 18 | 45,000 | 165 | 74,250 | 4,985,220 | 34.389 |
| Intermediate Capital | Philip Keller (fd) | 25 Sep 18 | 100,000 | 1,099.68 | 1,099,680 | 541,438 | 0.186 |
| K3 Capital* | Anthony Ford | 25 Sep 18 | 1,350,000 | 300 | 4,050,000 | 6,247,895 | 14.802 |
| K3 Capital* | Stuart Lees | 25 Sep 18 | 150,000 | 300 | 450,000 | 650,000 | 1.540 |
| Learning Technologies | Harry Hill | 25 Sep 18 | 175,000 | 140 | 245,000 | 2,091,612 | 0.314 |
| M&C Saatchi | James Hewitt (fd) | 21 Sep 18 | 54,451 | 375 | 204,191 | 0 | 0.000 |
| Medica | John Graham (ceo) | 21 Sep 18 | 1,350,000 | 156.621 | 2,114,385 | 2,258,248 | 2.032 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
