Director dealings: Micro Focus chairman halves stake
Micro Focus slumped on Monday following the news that chairman Kevin Loosemore had sold 650,000 shares in the business last week.
FTSE 100
7,830.08
11:55 19/04/24
FTSE 350
4,306.52
11:55 19/04/24
FTSE All-Share
4,262.85
11:55 19/04/24
Micro Focus International
532.00p
16:40 30/01/23
Software & Computer Services
2,336.77
11:54 19/04/24
Loosemore, who took over as chairman back in 2005, disposed of half of his shares in the company last Wednesday at 1,861p each and disposed of a further 435,342 for 1,736p each on Thursday, netting him £11.6m in the process.
Earlier in the week, Micro Focus reported a 7.5% fall in revenue in its interim results, to $1.66bn, while its operating profit improved 2.5% to $32.6m.
The FTSE 100 software company’s profit for the six months ended 30 April was up 125.4% at $1.4m, and its diluted earnings per share were 135.7% higher at 322.74 cents.
As of 1620 BST, Micro Focus shares had dropped 4.90% to 1,677.40p.
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Lookers (LOOK)
Director name: McMinn,Nigel
Amount purchased: 200,000 @ 38.75p
Value: £77,500.00
Lookers (LOOK)
Director name: Bruce,Andrew Campbell
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Value: £74,400.00
Ite Group (ITE)
Director name: Last,Richard
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Value: £58,560.00
Elegant Hotels Group (EHG)
Director name: Sherwood,Simon
Amount purchased: 57,224 @ 69.90p
Value: £39,999.58
Value And Income Trust (VIN)
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Value: £26,415.80
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,123.00p
Value: £15,615.00
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,123.00p
Value: £15,615.00
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,123.00p
Value: £15,615.00
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,123.00p
Value: £15,615.00
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,123.00p
Value: £15,615.00
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Moncreiffe,Peregrine D E M
Amount purchased: 500 @ 3,100.00p
Value: £15,500.00
Walker Greenbank (WGB)
Director name: Thompson,Dame Dianne
Amount purchased: 15,000 @ 86.00p
Value: £12,900.00
River And Mercantile Uk Micro Cap Investment Company Limited (RMMC)
Director name: Chapman,Andrew
Amount purchased: 7,000 @ 165.88p
Value: £11,611.60
Non-standard Finance (NSF)
Director name: Gregson,Charles Henry
Amount purchased: 24,000 @ 35.25p
Value: £8,460.00
Alliance Trust (ATST)
Director name: Samuel,Christopher
Amount purchased: 85 @ 817.27p
Value: £694.68
Alliance Trust (ATST)
Director name: Samuel,Christopher
Amount purchased: 35 @ 817.45p
Value: £286.11
Alliance Trust (ATST)
Director name: Samuel,Christopher
Amount purchased: 32 @ 817.45p
Value: £261.58
United Utilities Group (UU.)
Director name: Fraser,Steven
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Value: £182.92
United Utilities Group (UU.)
Director name: Houlden,Russ
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United Utilities Group (UU.)
Director name: Mogford,Steven L
Amount purchased: 21 @ 795.30p
Value: £167.01
Tesco (TSCO)
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Value: £139.73
Tesco (TSCO)
Director name: Lewis,Dave
Amount purchased: 57 @ 240.91p
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Top Director Sells
Energean Oil & Gas (ENOG)
Director name: Topouzoglou,Efstathios
Amount sold: 1,262,753 @ 950.00p
Value: £11,996,153.50
Micro Focus International (MCRO)
Director name: Loosemore,Kevin
Amount sold: 435,342 @ 1,736.29p
Value: £7,558,782.08
Micro Focus International (MCRO)
Director name: Loosemore,Kevin
Amount sold: 214,658 @ 1,860.55p
Value: £3,993,819.26
Auto Trader Group (AUTO)
Director name: Mather,Trevor
Amount sold: 25,248 @ 549.00p
Value: £138,611.51
Auto Trader Group (AUTO)
Director name: Faiers,Catherine
Amount sold: 14,970 @ 549.00p
Value: £82,185.30
Auto Trader Group (AUTO)
Director name: Coe,Nathan
Amount sold: 12,505 @ 549.00p
Value: £68,652.45
Life Settlement Assets (LSAA)
Director name: Medernach,Jean
Amount sold: 10,771 @ 180.00p
Value: £23,738.42