Directors dealings: Telit boss continues to amass stake

13th Sep 2016 16:07

(ShareCast News) - Telit Communications boss Oozi Cats purchased a large number of shares in the provider of wireless module technology for machine-to-machine or Internet-of-Things solutions.Following a large bounce in the stock price year-to-date, on 8 August the firm reported a sharp drop in interim profits despite improved margins, on the back of continued R&D efforts and setbacks in the ramp-up of certain products in the States.A little over a week later, Canaccord Genuity analyst Paul Morland hiked his target price on the shares from 280p to 310p, telling clients he expected the company to benefit from typically strong seasonality in the second half of the year.Morland also expected strength in the US dollar to boost margins and positively impact on the company's valuation multiples.Against that backdrop, on 12 September Cats bought 100,000 shares in the company for £229,000, taking his stake in Telit to 19.87%, the company said in a statement. Top Director BuysTelit Communications (TCM)Director name: Cats,OoziAmount purchased: 100,000 @ 229.00pValue: £229,000.00Greencoat Uk Wind (UKW)Director name: Ingram,TimAmount purchased: 13,923 @ 113.21pValue: £15,762.65Lms Capital (LMS)Director name: Birkett,RodAmount purchased: 25,000 @ 59.25pValue: £14,812.50Carr's Group (CARR)Director name: Wood ,Ian Amount purchased: 9,000 @ 156.70pValue: £14,103.00Mcbride (MCB)Director name: Harrington,NeilAmount purchased: 7,000 @ 176.03pValue: £12,322.14Old Mutual (OML)Director name: Naidoo,VassiAmount purchased: 1,080 @ R210.15Value: R12,215.52Aberdeen Smaller Companies Income Trust (ASCI)Director name: Fletcher,DavidAmount purchased: 4,917 @ 202.36pValue: £9,949.99Mcbride (MCB)Director name: Harrington,NeilAmount purchased: 3,000 @ 176.18pValue: £5,285.40United Utilities Group (UU.)Director name: Mogford,Steven LAmount purchased: 37 @ 974.90pValue: £360.71United Utilities Group (UU.)Director name: Houlden,RussAmount purchased: 37 @ 974.90pValue: £360.71Sthree (STHR)Director name: Elden,GaryAmount purchased: 74 @ 255.00pValue: £188.70Sthree (STHR)Director name: Smith,AlexAmount purchased: 73 @ 255.00pValue: £186.15Croda International (CRDA)Director name: Layden ,Keith Amount purchased: 5 @ 3,264.00pValue: £163.20Croda International (CRDA)Director name: Brophy ,Tom Amount purchased: 5 @ 3,264.00pValue: £163.20Croda International (CRDA)Director name: Foots,Steve Amount purchased: 5 @ 3,264.00pValue: £163.20Lloyds Banking Group (LLOY)Director name: Horta-Osorio,AntonioAmount purchased: 252 @ 59.54pValue: £150.05Easyjet (EZJ)Director name: Brady,Warwick Amount purchased: 13 @ 1,150.65pValue: £149.58Easyjet (EZJ)Director name: McCall,CarolynAmount purchased: 13 @ 1,150.65pValue: £149.58Easyjet (EZJ)Director name: Findlay ,Andrew Amount purchased: 13 @ 1,150.65pValue: £149.58Aviva (AV.)Director name: Amin,NitinbhaiAmount purchased: 34 @ 437.09pValue: £148.61Alternative Networks (AN.)Director name: Quartermaine,Mark Amount purchased: 46 @ 322.00pValue: £148.12Alternative Networks (AN.)Director name: Griggs,Gavin Amount purchased: 46 @ 322.00pValue: £148.12Go-ahead Group (GOG)Director name: Brown,David Amount purchased: 7 @ 2,071.00pValue: £144.97Croda International (CRDA)Director name: Maiden,Jez KAmount purchased: 4 @ 3,264.00pValue: £130.56Lloyds Banking Group (LLOY)Director name: Colombás ,Juan Amount purchased: 210 @ 59.54pValue: £125.04Lloyds Banking Group (LLOY)Director name: Culmer,GeorgeAmount purchased: 210 @ 59.54pValue: £125.04Meggitt (MGGT)Director name: Young,Stephen GAmount purchased: 27 @ 461.90pValue: £124.71Meggitt (MGGT)Director name: Green,Philip ErnestAmount purchased: 27 @ 461.90pValue: £124.71Go-ahead Group (GOG)Director name: Edwards,Paul Amount purchased: 6 @ 2,071.00pValue: £124.26Firstgroup (FGP)Director name: Barker,MickAmount purchased: 105 @ 109.82pValue: £115.31Lloyds Banking Group (LLOY)Director name: Culmer,GeorgeAmount purchased: 75 @ 59.54pValue: £44.66Lloyds Banking Group (LLOY)Director name: Horta-Osorio,AntonioAmount purchased: 75 @ 59.54pValue: £44.66Lloyds Banking Group (LLOY)Director name: Colombás ,Juan Amount purchased: 75 @ 59.54pValue: £44.66