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Director dealings: McColl's co-founder sells out

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Director dealings: McColl's co-founder sells out

Wed, 04 October 2017
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Director dealings: McColl's co-founder sells out

(ShareCast News) - James Lancaster, the outgoing non-executive director and former chief executive of McColl's Retail Group announced on Wednesday that he was stepping down from the board with immediate effect.
McColl's then separately announced that Lancaster, who co-founded the company in 1973, had sold his 11,399,500 shares in the convenience store operator on Tuesday at 295p, their 52-week high, for a total of £33.63m.

Analysts at Liberum Capital said in April that, while they remained cautious on the retail sector due to impacts on margins as a result of higher labour and sourcing costs in a post-Brexit referendum Britain, they had identified McColl's as one of its "key long-term" winners as structural pressures on other retailers, such as M&S and Pets At Home, did not seemingly apply to the firm.

In its third-quarter trading update released on 31 August, McColl's reported a 31% rise in total revenue for the 13-week period to 27 August and a 15.8% jump year-to-date following the successful integration of 298 acquired convenience stores.

Lancaster, 69, said it was "the right time" to step down.

"I have every confidence that under the stewardship of the board, and in the capable hands of Jonathan Miller and his superb management team, McColl's will continue to thrive. I wish the group all the best for the future."

As of 1655 BST, shares were up 0.69% in Wednesday trading to 290.00p.

Top Director Buys

Symphony International Holdings Ltd. (SIHL)
Director name: Thadani,Anil
Amount purchased: 500,000 @ $0.88
Value: $440,000.00

Kingfisher (KGF)
Director name: Cosslett,Andrew
Amount purchased: 99,802 @ 301.00p
Value: £300,404.02

Big Yellow Group (BYG)
Director name: Cotton ,Richard
Amount purchased: 5,000 @ 772.70p
Value: £38,635.00

Avingtrans (AVG)
Director name: Thomas,Les
Amount purchased: 16,000 @ 214.00p
Value: £34,240.00

Vitec Group (VTC)
Director name: Kearney-Croft,Kath
Amount purchased: 2,700 @ 1,103.00p
Value: £29,781.00

Primorus Investments (PRIM)
Director name: Clayton,Alastair
Amount purchased: 2,750,000 @ 0.25p
Value: £6,875.00

Travis Perkins (TPK)
Director name: Williams,Alan
Amount purchased: 125 @ 1,430.00p
Value: £1,787.50

Personal Assets Trust (PNL)
Director name: Rushbrook ,Frank
Amount purchased: 4 @ 40,408.00p
Value: £1,616.32

Personal Assets Trust (PNL)
Director name: Rushbrook ,Frank
Amount purchased: 4 @ 40,407.60p
Value: £1,616.30

Primorus Investments (PRIM)
Director name: Clayton,Alastair
Amount purchased: 250,000 @ 0.23p
Value: £575.00

Lsl Property Services (LSL)
Director name: Crabb,Ian
Amount purchased: 62 @ 244.00p
Value: £151.28

Lsl Property Services (LSL)
Director name: Buck,Helen
Amount purchased: 62 @ 244.00p
Value: £151.28

Stagecoach Group (SGC)
Director name: Griffiths,Martin Andrew
Amount purchased: 86 @ 174.95p
Value: £150.46

Stagecoach Group (SGC)
Director name: Paterson,Ross
Amount purchased: 86 @ 174.95p
Value: £150.46

Lsl Property Services (LSL)
Director name: Castleton ,Adam
Amount purchased: 61 @ 244.00p
Value: £148.84

Marshalls (MSLH)
Director name: Coffey,Martyn
Amount purchased: 34 @ 435.32p
Value: £148.01

Marshalls (MSLH)
Director name: Clarke,Jack
Amount purchased: 34 @ 435.32p
Value: £148.01

Ultra Electronics Holdings (ULE)
Director name: Sharma,Rakesh
Amount purchased: 8 @ 1,803.00p
Value: £144.24

Ultra Electronics Holdings (ULE)
Director name: Sharma,Ami
Amount purchased: 8 @ 1,803.00p
Value: £144.24

Ultra Electronics Holdings (ULE)
Director name: Harris,Sharon
Amount purchased: 7 @ 1,803.00p
Value: £126.21

Rps Group (RPS)
Director name: Young, Gary
Amount purchased: 43 @ 288.00p
Value: £123.84



Top Director Sells

Mccoll's Retail Group (MCLS)
Director name: Lancaster,James
Amount sold: 11,399,500 @ 295.00p
Value: £33,628,525.54

Rightmove (RMV)
Director name: Brooks-Johnson,Peter
Amount sold: 30,907 @ 4,103.10p
Value: £1,268,145.06

Rightmove (RMV)
Director name: Brooks-Johnson,Peter
Amount sold: 25,099 @ 4,103.10p
Value: £1,029,837.02

Vitec Group (VTC)
Director name: Bird,Stephen
Amount sold: 75,000 @ 1,103.00p
Value: £827,249.98

Rightmove (RMV)
Director name: Brooks-Johnson,Peter
Amount sold: 6,320 @ 4,120.30p
Value: £260,402.95

Scottish Mortgage Inv Trust (SMT)
Director name: Subacchi ,Paola
Amount sold: 5 @ 425.50p
Value: £21.28