Dart Group (DTG) is on a roll at the moment, with its travel leisure business benefiting from the collapse of rival Thomas Cook and sales in the division rising by a fifth during the first half of the year, leading management to announce it would “significantly outperform” full-year expectations. The share price has now almost doubled since the start of the year.
IC TIP:
Hold
at
1,499p
It might alarm some to see executive chairman Philip Meeson reduce his stake in the leisure travel and logistics group following the latest results, offloading 1m shares in two tranches, banking more than £14m in the process.
However, taken in a wider context, the sale does not look quite so concerning. Mr Meeson periodically sells a chunk of his shares – he sold 700,000 in July this year and 500,000 12 months earlier – but he retains a stake of more than 54m shares in the group, equivalent to 36.29 per cent of its issued share capital.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Alpha Financial Markets Consulting ♥ | Kenneth Fry (ch) | 21 Nov 19 | 24,990 | 197.2 | 49,280 | 184,070 | 0.178 |
| Alpha Financial Markets Consulting ♥ | Kenneth Fry (ch) | 21 Nov 19 | 24,990 | 198.95 | 49,718 | 159,080 | 0.154 |
| Anglo Pacific | Julian Treger (ceo) | 28 Nov 19 | 30,000 | 183.599 | 55,080 | na | na |
| Christie | Victoria Muir | 21 Nov 19 | 7,500 | 103 | 7,725 | 10,000 | 0.038 |
| De La Rue | Clive Vacher (ceo) | 26 Nov 19 | 37,500 | 137.57 | 51,588 | 37,500 | 0.036 |
| De La Rue ♥ | Clive Vacher (ceo) | 26 Nov 19 | 3,750 | 137.57 | 5,159 | 41,250 | 0.040 |
| De La Rue ♥ | Clive Vacher (ceo) | 26 Nov 19 | 3,750 | 137.57 | 5,159 | 45,000 | 0.043 |
| De La Rue ♥ | Clive Vacher (ceo) | 26 Nov 19 | 3,750 | 137.57 | 5,159 | 48,750 | 0.047 |
| De La Rue | Ed Peppiatt | 27 Nov 19 | 44,120 | 139.02 | 61,336 | 51,527 | 0.050 |
| Genedrive | Ian Gilham (ch) | 22 Nov 19 | 48,000 | 21 | 10,080 | 365,674 | 1.075 |
| Keller | Venu Raju | 21 Nov 19 | 50,000 | 613.422 | 306,711 | 129,690 | 0.180 |
| Kingfisher | Andrew Cosslett (ch) | 25 Nov 19 | 73,643 | 203.68 | 149,998 | 290,866 | 0.014 |
| Kingfisher ♥ | Mark Seligman | 25 Nov 19 | 10,000 | 201.77 | 20,177 | 25,000 | 0.001 |
| Land Securities | Christophe Evain | 26 Nov 19 | 8,000 | 935.46 | 74,837 | na | na |
| Naked Wines | Nicholas Devlin (coo) | 22 Nov 19 | 4,521 | 219 | 9,901 | 37,907 | 0.052 |
| Naked Wines ♥ | James Crawford (cfo) | 22 Nov 19 | 10,000 | 220 | 22,000 | 138,499 | 0.190 |
| North Atlantic Smaller Companies Inv Trust | Christopher Mills (ceo) | 21 Nov 19 | 100,000 | 3,000 | 3,000,000 | 3,766,000 | 26.535 |
| North Atlantic Smaller Companies Inv Trust | Charles Wake | 21 Nov 19 | 1,000 | 3,006 | 30,060 | 1,800 | 0.013 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 423,140 | 2.981 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 425,640 | 2.999 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 428,140 | 3.017 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 430,640 | 3.034 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 433,140 | 3.052 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 435,640 | 3.069 |
| North Atlantic Smaller Companies Inv Trust ♥ | Peregrine Moncreiffe (ch) | 21 Nov 19 | 2,500 | 3,006 | 75,150 | 438,140 | 3.087 |
| Ocean Wilsons | Chris Townsend | 26 Nov 19 | 30,951 | 900 | 278,559 | 4,000,000 | 11.310 |
| Phoenix Copper * | Dennis Thomas (ceo) | 21 Nov 19 | 58,824 | 17 | 10,000 | 1,254,872 | 2.802 |
| Phoenix Copper * | Roger Turner | 21 Nov 19 | 58,824 | 17 | 10,000 | 1,297,142 | 2.896 |
| Sage | Jonathan Howell (cfo) | 25 Nov 19 | 20,000 | 745 | 149,000 | 129,660 | 0.012 |
| Tracsis | Mac Andrade | 22 Nov 19 | 4,118 | 607 | 24,996 | 4,118 | 0.014 |
| Tullow Oil | Jeremy Wilson | 21 Nov 19 | 20,000 | 141 | 28,200 | 87,959 | 0.006 |
| United Utilities | David Higgins | 21 Nov 19 | 3,000 | 867 | 26,010 | 3,000 | 0.000 |
| W H Ireland * | Philip Shelley | 22 Nov 19 | 260,414 | 48 | 124,999 | 760,414 | 1.562 |
| W H Ireland * | Phillip Wale (ceo) | 22 Nov 19 | 18,000 | 48 | 8,640 | 75,000 | 0.154 |
| W H Ireland * | Simon Lough | 22 Nov 19 | 104,166 | 48 | 50,000 | 319,167 | 0.655 |
| W H Ireland * | Victoria Raffe | 22 Nov 19 | 33,333 | 48 | 16,000 | 33,333 | 0.068 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Anglo Pacific ♥ | Julian Treger (ceo) | 27-29 Nov 19 | 243,158 | 183.51 | 446,214 | 5,478,296 | 3.018 |
| Close Brothers | Preben Prebensen | 22 Nov 19 | 150,000 | 1,442.87 | 2,164,305 | 103,147 | 0.068 |
| Dart | Philip Meeson (ch) | 22 Nov 19 | 315,000 | 1,358.34 | 4,278,771 | 54,040,000 | 36.294 |
| Dart | Philip Meeson (ch) | 21 Nov 19 | 685,000 | 1,431.78 | 9,807,693 | 54,355,000 | 36.505 |
| FDM | Stewart Sharman | 21 Nov 19 | 13,409 | 837 | 112,233 | na | na |
| Frontier Developments ♥ | David Braben (ceo) | 26 Nov 19 | 1,250,000 | 1,200 | 15,000,000 | 12,899,953 | 33.200 |
| Howden Joinery ♥ | Mark Robson (cfo) | 21 Nov 19 | 50,000 | 612 | 306,000 | na | na |
| Keystone Law | James Knight (ceo) | 27 Nov 19 | 250,000 | 500 | 1,250,000 | 10,682,127 | 34.200 |
| Land Securities ♥ | Robert Noel (ceo) | 26 Nov 19 | 203,070 | 945.73 | 1,920,490 | 226,417 | 0.031 |
| United Utilities | Russ Houlden (cfo) | 21 Nov 19 | 5,000 | 867 | 43,350 | 32,116 | 0.005 |
| * placing/tender/open offer ♥ spouse/connected party | |||||||
