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Kainos director sells 0.5m shares

Numbers for the year to March revealed international and segmental diversification
June 27, 2019

Kainos (KNOS) – a provider of digital services and platforms to public and private organisations – was recently promoted to the UK’s FTSE 250 index. This followed a strong run for the shares, which – at 654p – have ascended by more than 50 per cent year-to-date.  

IC TIP: Hold at 654p

The group delivered a solid set of results for the 12 months to March. Revenues climbed by over a half to £151m, reflecting excellent growth within its larger digital services division. Sales momentum was more muted within digital platforms – dampened by NHS funding limitations, which have impacted Kainos’s ‘Evolve Electronic Medical Record’ software. Still, top-line diversification continued, and pre-tax profits rose 48 per cent to £21.1m.

Against this backdrop, we’re not overly concerned that business development director Paul Gannon offloaded 500,000 shares on 14 June, amounting to £3.1m. Mr Gannon retains approximately 8m shares, representing 6.61 per cent of the total issued share capital. Kainos declined to comment on the sale.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
BHP Ian Cockerill13 Jun 20193,5001,92567,3753,5000.000
Bluebird Merchant Ventures♥ Colin Patterson (ceo)19 Jun 2019500,0002.0110,0506,257,9241.697
Boohoo Brian Small13 Jun 201920,000222.244,44020,0000.002
Caledonia Mining Steven Curtis (ceo)14 Jun 20193,50041014,350164,8821.555
ContourGlobal Joseph Brandt (ceo)14 Jun 20199,034193.9317,5201,680,3760.251
ContourGlobal Joseph Brandt (ceo)17 Jun 20199,15119718,0271,689,5270.252
CPPGroup Jason Walsh (ceo)17 Jun 2019300,0004.7714,310732,8540.085
Diversified Gas & Oil David Turner14 Jun 201970,000109.376,51070,0000.010
Dunedin Enterprise Investment TrustMichael Jensen13 Jun 201917,00035059,50021,9000.106
Dunedin Enterprise Investment Trust Angela Lane13 Jun 20192,4983588,94333,5370.162
EnQuest♥ Amjad Bseisu (ceo)14 Jun 20191,222,57519.1233,512162,785,3639.607
Everyman Media Paul Wise (ch)19 Jun 201925,000167.541,8752,746,7523.797
GB Group David Wilson (cfo and coo)18 Jun 201933,185540179,199387,5220.201
HgCapital Trust Guy Wakeley14 Jun 20192,755216.65,96713,2450.004
Iofina* Thomas Becker (ceo)14 Jun 201993,7501615,00093,7500.049
Iofina* William Bellamy14 Jun 201946,875167,50046,8750.024
Iofina* Malcolm Lewin (cfo)14 Jun 201993,7501615,00093,7500.049
Iofina* Jules  Mermoud 14 Jun 201923,750163,80023,7500.012
Iofina* Lance Baller (ch)14 Jun 2019312,5001650,0004,812,5002.508
IWG♥ Mark Dixon (ceo)14 Jun 2019125,000333.25416,563243,978,27027.247
IWG♥ Mark Dixon (ceo)14 Jun 20191,282333.34,273244,104,55227.261
IWG♥ Mark Dixon (ceo)14 Jun 2019125,000333.4416,750244,103,27027.261
Just Group Paul Bishop13 Jun 201936,75458.6821,56736,7540.004
K3 Capital♥ Ian Mattioli (ch)14 Jun 201936,79716560,715634,6221.503
Marks & Spencer* Andrew Fisher 13 Jun 20197071851,3084,2430.000
Marks & Spencer* Phillipa McCrostie 13 Jun 20191,2001852,2207,2000.000
Marks & Spencer* Andrew Halford13 Jun 20194,2001857,77025,2000.001
Marks & Spencer* Katie Bickerstaffe13 Jun 20198001851,4804,8000.000
Marks & Spencer* Archibald Norman (ch)13 Jun 201915,60018528,86093,6000.005
Marks & Spencer* Justin King13 Jun 20194,0001857,40024,0000.001
Marks & Spencer* Alison Brittain13 Jun 20191,0191851,8856,1150.000
Marks & Spencer* Steve Rowe (ceo)13 Jun 201958,228185107,722354,4010.018
Mercantile Investment Trust (The) Graham Kitchen14 Jun 201910,000205.4520,54558,1800.007
Mercantile Ports and Logistics♥ Howard  Flight 14 Jun 20191,250,0001.94224,2755,500,0000.289
National Express Dean Finch (ceo)19 Jun 201919,20039074,880273,8830.054
nmcn Michael Holt 18 Jun 20191,5006059,0751,5000.014
nmcn Michael Holt 19 Jun 20191,0006106,1002,5000.024
Oakley Capital InvestmentsPeter Dubens14 Jun 20195,333,33322011,733,33314,887,4017.269
ParkIan O'Doherty (ceo)14 Jun 201930,00069.520,85030,0000.016
PCI-PAL James Barham (ceo)13 Jun 201950,6842914,698121,9420.287
Pendragon Christopher Chambers (ch)13 Jun 2019500,0001890,0002,500,0000.179
Pendragon Mark Herbert14 Jun 2019500,00018.3591,750500,0000.036
Power Metal Resources♥ Paul Johnson 13 Jun 2019250,0000.44251,10618,000,0004.958
Power Metal Resources♥ Paul Johnson 13 Jun 2019500,0000.44752,23817,750,0004.889
Saga Julie Hopes13 Jun 201925,70738.669,93842,6170.004
Scancell Holdings♥*Martin Diggle 17 Jun 201977,559,31153,877,96677,559,31116.667
Scapa Pierre Guyot13 Jun 201915,000199.229,88030,0000.019
Scapa Sevan Demirdogen14 Jun 20195,00021010,50010,0000.006
Shearwater David Williams (ch)13 Jun 20192,500,0002.1854,500124,833,9945.647
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
IG Design John Charlton (ch)13 Jun 2019300,0006041,812,000357,1160.456
IG Design John Charlton (ch)13 Jun 201920,000612122,400337,1160.429
Kainos Paul Gannon14 Jun 2019369,5006202,290,9008,130,0856.718
Kainos Paul Gannon14 Jun 201980,500629.13506,4508,049,5856.651
Kainos Paul Gannon14 Jun 201950,000629314,5007,999,5856.610
Mid Wynd International Inv Trust Russell Napier14 Jun 20193,600553.0619,910151,1250.372
SegroSoumen Das (cfo)17 Jun 2019110,000727.044799,748145,5810.013
United Utilities Steven Mogford (ceo)19 Jun 201999,075820.78813,188110,8900.016
United Utilities Russ Houlden (cfo)17 Jun 20193,252825.5626,84751,9020.008
YouGov Sundip Chahal (coo)17 Jun 201925,000500125,000311,0080.294
        
*Placing/tender/open offer/right issue ♥Spouse/connected party