Director dealings: Ocado CEO lowers stake

28th Aug 2018 16:21

(Sharecast News) - Linic, a company closely associated to Ocado chief executive Tim Steiner disposed of a whopping 4,791,200 ordinary shares in the grocery giant on Tuesday.Linic, which is wholly-owned by Arthur Seligman, as trustee of the Steiner 2008 Millennium Trust, sold the shares at an average price of 1,060p each, for a total transaction amount of £50.78m.Earlier this month, analysts at Barclay's downgraded Ocado to 'underweight' from 'equal weight' as while the online grocery business has been de-risked, the broker said that did not guarantee "unlimited upside" for the share price.Over the last nine months, the company has been catapulted into the FTSE 100 after confounding many doubters by signing up four overseas retailers for its Smart Platform robot-operated warehouse system: France's Casino, Sobeys of Canada, Sweden's ICA and US giant Kroger the most impressive of all."After several years of unfulfilled promise, the willingness of third parties to pay for Ocado's online grocery expertise has undermined a central bear argument on Ocado," Barclays analysts wrote.As of 1620 BST, Ocado shares had lost 1.48% to 1,063.50p.Top Director BuysValue And Income Trust (VIN)Director name: Oakeshott,Matthew AAmount purchased: 75,000 @ 267.50pValue: £200,625.00C&c Group (CCR)Director name: Solesbury,Jonathan Amount purchased: 50,000 @ 3.40Value: 170,000.00Tp Icap (TCAP)Director name: Ng,Edmund Amount purchased: 20,000 @ 288.94pValue: £57,788.82C&c Group (CCR)Director name: Clerkin,JimAmount purchased: 15,000 @ 3.45Value: 51,748.50Deltex Medical Group (DEMG)Director name: Keen,Nigel JAmount purchased: 2,000,000 @ 0.90pValue: £18,000.00Fireangel Safety Technology Group (FA.)Director name: Silverton,Ashley VictorAmount purchased: 20,000 @ 51.80pValue: £10,360.00Spirent Communications (SPT)Director name: Hutchinson,Eric GAmount purchased: 210 @ 119.60pValue: £251.16Mitchells & Butlers (MAB)Director name: Jones,Timothy (Tim) CharlesAmount purchased: 54 @ 255.18pValue: £137.80Mitchells & Butlers (MAB)Director name: Urban,PhilAmount purchased: 54 @ 255.18pValue: £137.80Top Director SellsOcado Group (OCDO)Director name: Steiner,TimAmount sold: 4,791,200 @ 1,060.00pValue: £50,786,721.83Cranswick (CWK)Director name: Couch,AdamAmount sold: 25,477 @ 3,246.45pValue: £827,098.08Cranswick (CWK)Director name: Bottomley,MarkAmount sold: 16,875 @ 3,246.45pValue: £547,838.44Cranswick (CWK)Director name: Brisby ,Jim Amount sold: 16,734 @ 3,246.45pValue: £543,260.95Cranswick (CWK)Director name: Davey,Martin T PAmount sold: 13,256 @ 3,246.45pValue: £430,349.42Cranswick (CWK)Director name: Aldersley,Christopher Amount sold: 9,401 @ 3,246.45pValue: £305,198.77Prudential (PRU)Director name: Turner,JamesAmount sold: 1,473 @ 1,748.00pValue: £25,748.04