Director dealings: Tracsis CFO lowers stake

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Sharecast News | 14 Dec, 2020

15:30 15/11/24

  • 704.00
  • 0.57%4.00
  • Max: 706.00
  • Min: 686.00
  • Volume: 12,896
  • MM 200 : 6.45

Tracsis revealed on Monday that chief financial officer Max Cawthra had disposed of 75,000 ordinary shares in the AIM-listed software group.

Cawthra, who joined Tracsis over a decade ago, sold the shares at an average price of 638.70p each, for a total value of £479,025.01.

Back in August, Tracsis said full-year earnings were on track to come in lower in 2020 as a result of the impact of the Covid-19 pandemic on the transport industry.

Tracsis expects adjusted underlying earnings for the year ended 31 July will be down from last year's £10.5m, while the company's EBITDA margin was pegged to be roughly 20% - a slight contraction versus the 21% recorded a year prior.

As of 1645 GMT, Tracsis shares were up 2.42% at 635.0p.

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