Directors dealings: Nanoco chairman adds to stake

14th Oct 2016 16:04

(ShareCast News) - 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 BuysMorses Club (MCL)Director name: Ward,PeterAmount purchased: 125,000 @ 13,000.00pValue: £16,250,000.00Morses Club (MCL)Director name: Ward,PeterAmount purchased: 75,000 @ 129.00pValue: £96,750.00Revolymer (REVO)Director name: Keenan,JackAmount purchased: 150,000 @ 34.00pValue: £51,000.00Nanoco Group (NANO)Director name: Richards,Christopher (Chris)Amount purchased: 55,576 @ 53.98pValue: £29,999.92Polymetal International (POLY)Director name: Groenberg,MarinaAmount purchased: 2,500 @ 866.00pValue: £21,650.00Nostra Terra Oil & Gas Co (NTOG)Director name: Lofgran,Matthew B.Amount purchased: 1,600,000 @ 1.31pValue: £20,960.00Revolymer (REVO)Director name: Townend,MikeAmount purchased: 29,000 @ 34.00pValue: £9,860.00Revolymer (REVO)Director name: Dobson,Bryan CrawfordAmount purchased: 14,500 @ 34.00pValue: £4,930.00Alternative Networks (AN.)Director name: Quartermaine,Mark Amount purchased: 53 @ 283.67pValue: £150.35Alternative Networks (AN.)Director name: Griggs,Gavin Amount purchased: 53 @ 283.67pValue: £150.35Share Plc (SHRE)Director name: Ecsery,Francesca Eva Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Thomas ,Gareth Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Birkett,Mike Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Stone,Richard WilliamAmount purchased: 555 @ 27.00pValue: £149.85Share Plc (SHRE)Director name: Tolkien,RichardAmount purchased: 555 @ 27.00pValue: £149.85Emis Group (EMIS)Director name: Spencer,Chris Amount purchased: 16 @ 935.50pValue: £149.68Emis Group (EMIS)Director name: Southby,PeterAmount purchased: 15 @ 935.50pValue: £140.32Schroder Uk Growth Fund (SDU)Director name: Pirie,Stella JAmount purchased: 78 @ 161.00pValue: £125.58Top Director SellsShare Plc (SHRE)Director name: Tolkien,RichardAmount sold: 1,510 @ 26.37pValue: £398.19