M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

 800.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 900.00
  • 52 Week Low: 670.00
  • Currency: UK Pounds
  • Shares Issued: 53.16m
  • Volume: 0
  • Market Cap: £425.27m
  • RiskGrade: 143

Out-going Ocado co-founder offloads 15m pounds of shares

Date: Thursday 06 Feb 2014

LONDON (ShareCast) - Jason Gissing, the out-going Commercial Director of Ocado who co-founded the online grocery group in 2000, sold over 15m pounds-worth of shares in the company on the same day he announced his resignation.

Gissing, who is stepping down at the group’s annual general meeting in May, offloaded 3.05m shares on Tuesday as the group also announced its annual results.

The 0.52% stake was sold at a price of 498.75p per share, raising a total of £15.21m.

The sale left him with just under 15m shares in the company, equal to a 2.56% interest. His residual stake is worth around £80m at current share prices.

Ocado said that Gissing would be leaving to spend more time with his family and “also has a passion for various environmental and social concerns”.

The firm, which signed a "transformational" agreement with supermarket group WM Morrison last year to help roll-out its own online delivery service, reported gross sales of £852.4m during the 52 weeks ended December 1st, up 18.6% on the year before.

However, the loss before tax totalled £12.5m, compared with a loss of just £0.5m in 2012, as administrative expenses and other costs soared.

The company also said that Non-Executive Director Robert Gorrie also made a sale on Tuesday, shedding 275,000 shares at 501.8p a pop, raising £1.38m.

The deals came after an exceptional run in the stock over the past 12 months, rising around 430% from February 2013. Since the start of 2014, the shares have risen 24%.



Top Director Buys

ARM Holdings (ARM)
Director name: Mr Stuart J Chambers
Amount purchased: 10,000 @ 904.00p
Value: £90,400

Sound Oil (SOU)
Director name: Mr Simon Howard Davies
Amount purchased: 1,866,667 @ 4.60p
Value: £85,867

APC Technology Group (APC)
Director name: Mr Leonard Seelig
Amount purchased: 41,153 @ 56.80p
Value: £23,375


Top Director Sells

Ocado Group (OCDO)
Director name: Mr Jason Gissing
Amount sold: 3,050,000 @ 498.75p
Value: £15,211,875

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 20,000 @ 435.00p
Value: £87,000

BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MPE Market Data

Currency UK Pounds
Share Price 800.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 900.00
52 Week Low 670.00
Volume 0
Shares Issued 53.16m
Market Cap £425.27m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.30% above the market average94.30% above the market average94.30% above the market average94.30% above the market average94.30% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend Not Available
Income
82.83% above the market average82.83% above the market average82.83% above the market average82.83% above the market average82.83% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
55.6% below the market average55.6% below the market average55.6% below the market average55.6% below the market average55.6% below the market average
36% below the sector average36% below the sector average36% below the sector average36% below the sector average36% below the sector average

MPE Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 12-Oct-23
Paid 19-Jun-24 03-Nov-23
Amount 32.50p 12.50p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

MPE Key Personnel

CEO Matthew Coulson
CFO Luke Alexander

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