Updates and Ideas

Stobart - Seven directors buy shares

July 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Industrial conglomerate, Stobart, has recently been in the headlines for all the wrong reasons with a boardroom bust-up in which it sacked former CEO, Mark Tinckler, last spring, culminating in the latter then attempting to oust its Chairman. The matter was eventually settled in Court, with Tinckler found to be in breach of fiduciary and contractual duties after sharing confidential information with fashion retail billionaire Philip Day, whom he had attempted to install as Stobart’s chairman. As is so often the case the share price reacted badly to these shenanigans, falling from a high of 258p to the current 105.5p but Stobart owns a couple of terrific businesses and no fewer than seven directors have just bought nearly &pou ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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