Director dealings: SM Trust sells shares in Just Eat near 52-week high
Just Eat
861.00p
16:45 31/01/20
SM Trust, where one of the Just Eat's non-executive directors, Frederic Coorevits, helps manage a portfolio of investments centred on e-commerce and cloud computing, sold a large batch of shares in Just Eat on 2 November.
FTSE 250
19,719.37
17:09 24/04/24
FTSE 350
4,419.71
17:09 24/04/24
FTSE All-Share
4,374.06
16:44 24/04/24
General Retailers
3,926.04
17:09 24/04/24
The company issued a notification of the sale of 13.5m shares the day after, at 1258 GMT on Friday.
The transaction was completed outside a trading venue at 760p, for a small discount to the then current share price.
Also on 3 November, Morgan Stanley published a note in which analyst Andrea Ferraz revised his target price for the stock from 590p to 760p and upgraded his recommendation from 'underweight' to 'equalweight'.
Ferraz told clients: "UK growth has proven more resilient than we expected. Deliveroo and UberEATS continue to expand, but market growth appears sufficient to support the three players."
The market appeared unfazed by news of the share sale with traders pushing the stock higher at the end of the week by 4.17% to 800p - a fresh 52-week high.
Top Director Buys
Morgan Sindall Group (MGNS)
Director name: Crummett ,Steve
Amount purchased: 16,400 @ 1,500.00p
Value: £246,000.00
Xlmedia (XLM)
Director name: Weihs,Ory
Amount purchased: 30,120 @ 166.00p
Value: £49,999.20
Footasylum (FOOT)
Director name: Robertson,Stephen
Amount purchased: 11,933 @ 209.50p
Value: £24,999.64
Thor Mining (THR)
Director name: Johnson,Paul
Amount purchased: 500,000 @ 1.70p
Value: £8,500.00
Papua Mining (PML)
Director name: Johnson,Paul
Amount purchased: 250,000 @ 1.45p
Value: £3,625.00
Papua Mining (PML)
Director name: Johnson,Paul
Amount purchased: 250,000 @ 1.40p
Value: £3,500.00
Rps Group (RPS)
Director name: Douglas,John
Amount purchased: 513 @ 292.25p
Value: £1,499.24
Centrica (CNA)
Director name: Hanafin,Mark
Amount purchased: 89 @ 167.64p
Value: £149.20
Centrica (CNA)
Director name: Conn,Iain C
Amount purchased: 89 @ 167.64p
Value: £149.20
Centrica (CNA)
Director name: Hodges,Mark
Amount purchased: 89 @ 167.64p
Value: £149.20
Rps Group (RPS)
Director name: Young,Gary
Amount purchased: 43 @ 292.25p
Value: £125.67
Top Director Sells
Just Eat (JE.)
Director name: Coorevits ,Frederic
Amount sold: 13,500,000 @ 760.00p
Value: £102,599,998.71
Gvc Holdings (GVC)
Director name: Teufelberger,Norbert
Amount sold: 400,000 @ 951.88p
Value: £3,807,519.91
Brooks Macdonald Group (BRK)
Director name: Jackson,Simon
Amount sold: 24,136 @ 1,955.18p
Value: £471,901.04
Brooks Macdonald Group (BRK)
Director name: Jackson,Simon
Amount sold: 11,847 @ 1,955.18p
Value: £231,629.58
Brooks Macdonald Group (BRK)
Director name: Shepherd,Andrew William
Amount sold: 5,567 @ 1,955.18p
Value: £108,844.59
Brooks Macdonald Group (BRK)
Director name: Holmes,Nicholas
Amount sold: 4,000 @ 1,955.18p
Value: £78,207.00
Brooks Macdonald Group (BRK)
Director name: Holmes,Nicholas
Amount sold: 2,000 @ 1,955.18p
Value: £39,103.50
Brooks Macdonald Group (BRK)
Director name: Shepherd,Andrew William
Amount sold: 1,000 @ 1,955.18p
Value: £19,551.75