Directors dealings: Nanoco chairman adds to stake

Nanoco's non-executive chairman picked up £29,999.92-worth of shares in the company for his wife on 14 October, the company said in a statement.

Purchased at an individual price of 53.98p, the transaction increased his beneficial stake in the manufacturer of heavy-metal free quantum dots and semiconductor nanoparticles to 98,997 shares or 0.04% of its share capital, the bulk of which are owned by his spouse.

The AIM-listed manufacturer's products are used in displays, lighting, solar energy and bio-imaging.

On 11 October, the company reported a drop in its revenues for the year ending 31 July 2016 to £0.47m versus £2.03m in 2015.

Meanwhile, its loss after tax of £10.61m rose from the £8.97m loss seen in the previous period.

However, on 1 August analysts at Canaccord Genuity reiterated their 'buy' recommendation and 110p target price on the shares, hailing the non-exclusive material and licensing agreement it had inked with Merck, thus gaining access to the German firm's "broad global customer base" in the display industry.

"We note that Nanoco's existing non-exclusive deal with Dow is focused predominantly on the Korean market. Today's deal not only provides a second source of supply into the important Korean market (Samsung and LG) but also opens up the potential for global supply, including the whole of the Far East where Merck already has extensive sales and distribution capability," Canaccord said.

Top Director Buys

Morses Club (MCL)
Director name: Ward,Peter
Amount purchased: 125,000 @ 13,000.00p
Value: £16,250,000.00

Morses Club (MCL)
Director name: Ward,Peter
Amount purchased: 75,000 @ 129.00p
Value: £96,750.00

Revolymer (REVO)
Director name: Keenan,Jack
Amount purchased: 150,000 @ 34.00p
Value: £51,000.00

Nanoco Group (NANO)
Director name: Richards,Christopher (Chris)
Amount purchased: 55,576 @ 53.98p
Value: £29,999.92

Polymetal International (POLY)
Director name: Groenberg,Marina
Amount purchased: 2,500 @ 866.00p
Value: £21,650.00

Nostra Terra Oil & Gas Co (NTOG)
Director name: Lofgran,Matthew B.
Amount purchased: 1,600,000 @ 1.31p
Value: £20,960.00

Revolymer (REVO)
Director name: Townend,Mike
Amount purchased: 29,000 @ 34.00p
Value: £9,860.00

Revolymer (REVO)
Director name: Dobson,Bryan Crawford
Amount purchased: 14,500 @ 34.00p
Value: £4,930.00

Alternative Networks (AN.)
Director name: Quartermaine,Mark
Amount purchased: 53 @ 283.67p
Value: £150.35

Alternative Networks (AN.)
Director name: Griggs,Gavin
Amount purchased: 53 @ 283.67p
Value: £150.35

Share Plc (SHRE)
Director name: Ecsery,Francesca Eva
Amount purchased: 556 @ 27.00p
Value: £150.12

Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount purchased: 556 @ 27.00p
Value: £150.12

Share Plc (SHRE)
Director name: Birkett,Mike
Amount purchased: 556 @ 27.00p
Value: £150.12

Share Plc (SHRE)
Director name: Stone,Richard William
Amount purchased: 555 @ 27.00p
Value: £149.85

Share Plc (SHRE)
Director name: Tolkien,Richard
Amount purchased: 555 @ 27.00p
Value: £149.85

Emis Group (EMIS)
Director name: Spencer,Chris
Amount purchased: 16 @ 935.50p
Value: £149.68

Emis Group (EMIS)
Director name: Southby,Peter
Amount purchased: 15 @ 935.50p
Value: £140.32

Schroder Uk Growth Fund (SDU)
Director name: Pirie,Stella J
Amount purchased: 78 @ 161.00p
Value: £125.58

Top Director Sells

Share Plc (SHRE)
Director name: Tolkien,Richard
Amount sold: 1,510 @ 26.37p
Value: £398.19