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Real-Time news about Hacas Grp. (London Stock Exchange): 0 recent articles
|wildrover: Hacas non-exec cashes in on recovery
A non-executive director of social housing and consultancy Hacas Group has sold down his holding just over a month after selling 340,000 to institutional investors and exercising options on 1 million shares.
Richard Wollenberg pocketed £52,500 on Friday when he sold 50,000 shares at 105p each. This reduces his holding in the £31 million company to 1.5 million shares or 5.1%.
Last month Citywire reported members of the board of Hacas had sold 800,000 shares between them to satisfy institutional and private client investor demand.
Wollenberg was the biggest seller that day with 340,000 shares going for £323,000 with chairman Julian Ashby, managing director Derek Joseph and company secretary Jeffrey Zitron selling 140,000 each and executive director Peter Chapman offloading 40,000. At the same time Wollenberg exercised options on 1 million shares.
Hacas (HCS) has seen its share price recover strongly of late after a slump in April. It began the year with a high of 112.5p in late January before falling back to a low of 80.5p in the first week of April. It has recovered well since then and today stands unchanged on 104.5p.
One shrewd investor is hanging on to its stake in Hacas for the time being. The Framlington Innovative Growth investment trust (FIT), managed by Brian Watson and Chris Bell, holds 1.225 million shares or 4.43%.
Hacas provides consultancy, research and funding services to local authorities, housing associations and government departments. Last year it enjoyed a 67% rise in pre-tax profits at £1.6 million and doubled sales to £5.76 million.|
|chester: It won't take a lot of buying to move the share price on this one.|
|dil: Chester : The share price has doubled each of the last two years , can't see why it won't do so again. MM's won't sell you many and anything over 1k attracts a premium. Definitley not for trading but one to sit on.
Hacas Grp. share price data is direct from the London Stock Exchange