- Mitie chair buys on the dip
- Raspberry Pi CEO and CFO sell
- Naked Wines director sells
Chris Rogers, chair of facilities management group Mitie (MTO), bought 144,000 shares at 137p for a total value of £197,280 on 6 June.
Rogers bought the shares on the dip after the company suspended its plan for a £125 million share buyback on 5 June, and demonstrates a vote of confidence in the group.
On the same day Mitie reported a positive set of full year results with revenue up 13% to £5.09 billion and announced the £366 million purchase of AIM-listed compliance services group Marlowe (MRL:AIM).
Year-to-date Mitie’s shares are performing well up 27%.
RASPBERRY PI DIRECTORS SELL
Eben Upton, chief executive of affordable computer designer Raspberry Pi (RPI), sold 400,000 shares or around 14% of his shareholding at 454p netting a total of £1.8 million on the 18 June.
Upton’s move follows the expiry of the customary lock-up arrangements after admission to trading on the LSE (London Stock Exchange) and was for personal financial planning reasons.
After the sale, Upton still retains a shareholding of 2,501,136 shares in the company.
Richard Boult, Raspberry Pi’s chief financial officer, also sold around 17% of his holding in the company for the same reasons as Upton and retains 475,602 ordinary shares in the company.
Year-to-date, Raspberry Pi shares have fallen 31%.
NAKED WINES DIRECTOR SELLS
Colebrook Partners, a PCA (person closely associated) with Jack Pailing, non-executive director of Naked Wines (WINE), sold 120,000 shares in the firm for a total value of £100,800 on 18 June.
Year-to-date Naked Wines shares have gained a hefty 76% and this move could be a sign of profit-taking.
At the end of March, the company announced a new five-year strategy aiming to deliver revenue growth of between 5-10% by 2030.
The company also recently announced its founder and non-executive chairman Rowan Gormley would step down with senior independent director Deidre Runnette taking on the role on an interim basis.
