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Four shares the pros are trading

Our regular round-up of trades by professional investors, featuring Domino's Pizza, Coats Group, Hibernia Reit and Global Yachting Group.

by Selin Bucak, David Campbell on Jul 10, 2017 at 05:01

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Key stats
Market capitalisation£1,336m
No. of shares out492m
No. of shares floating486m
No. of common shareholdersnot stated
No. of employees911
Trading volume (10 day avg.)4m
Turnover£361m
Profit before tax£65m
Earnings per share12.93p
Cashflow per share14.41p
Cash per share4.75p

Domino’s Pizza

Citywire AA-rated pan-European growth investor Donny Kranson has upped his stake in Domino’s Pizza (DOM) after its shares fell to a two-year low, following a warning on slowing sales.

Kranson increased his stake in the company from below a disclosable level to 3.3%. This is worth £45 million at a share price of 272.8p, down 27% since January.

The shares are held in his €660 million (£579 million) Vontobel European Equity fund, in addition to the Virtus Vontobel Foreign Opportunities fund, which he co-manages.

Domino’s shares slumped after it warned rival Pizza Hut had taken a ‘very aggressive’ slice of its market with a targeted programme of discounts, at a time when consumers are feeling the pinch.

Like-for-like growth in the first nine weeks of the year fell to 1.5% in 2017, down from 10.5% in the same period of the year before. Analysts have cooled on the stock, with just five of 13 tracked by Reuters rating it a buy, on a median price target of 372p.

Hibernia Reit

Citywire A-rated global smaller companies manager Alan Roswell has trimmed his stake in Irish property investment company Hibernia Reit (HBRN) after its shares slipped from a recent record high.

Roswell cut his holding in the business from 6.05% to 5.9%. At a share price of €1.36 (£1.20), the stake is worth €55.7 million, up 11% year to date.

The shares are held in his £542 million Standard Life Global Smaller Companies fund. Having served as co-manager for four years, Roswell took full control of the fund this year as AAA-rated small cap manager Harry Nimmo stepped back to focus on his UK funds.

Shares in Hibernia, which is a major funder of new commercial property in Dublin’s booming real estate market, hit a record high of €1.46 in mid-June.

In May, the business said the value of its portfolio rose 9.9% last year to a total, €1.1 billion. Investec rates the stock a buy, on a price target of €1.71.

Key stats
Market capitalisation£1,076m
No. of shares out1,412m
No. of shares floating1,352m
No. of common shareholdersnot stated
No. of employees19090
Trading volume (10 day avg.)6m
Turnover1,124m USD
Profit before tax49m USD
Earnings per share0.03 USD
Cashflow per share0.06 USD
Cash per share0.26 USD

Coats

Billionaire investor George Soros’ has reduced his stake in British thread manufacturer Coats Group (COA), after the business finally settled a long-running dispute over its defined benefit pension schemes.

Soros’ SFM UK Management reduced its holding in the company by 10 million shares to 61 million. This is worth £46.4 million at a share price of 76.05p, up 188.3% over one year.

Last month, the pensions regulator (TPR) agreed to a £74 million settlement with the UK threads and zips maker, in the last part of the agreement. Back in December, it had agreed to pay £355 million into two DB schemes.

Mike Clasper, chairman, said: 'Reaching this Settlement with Staveley is a good outcome for all parties involved and following our announcement earlier this year, it now completes settlement with all three of our UK pension schemes. This, together with our recent entry to the FTSE 250, means Coats can continue to focus on growing the business to the benefit of all our stakeholders.'

Global Yachting Group

Citywire + rated star manager Neil Woodford has swooped on shares of newly listed superyacht service provider the Global Yachting Group (GYG).

The manager of the £10 billion CF Woodford Equity Income fund and the recently launched CF Woodford Income Focus fund bought 8 million shares in the business. This equates to 17.15% and is worth £9.6 million at a share price of 120p, up from its placing price of 100p.

GYG, which paints and refurbishes luxury superyachts, was admitted on the Alternative Investments Market on 5 July, with the hope of building its reputation and fund potential acquisitions.

When it was revealed that the firm was looking to become a public company it said it hopes to pay a total dividend with a yield of 6.4% after the first year.

The business is led by chief executive officer Remy Millott and reported a revenue of €54.6 million in fiscal year 2016.

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Look up the shares

  • Coats Group PLC (COA.L)
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  • Domino's Pizza Group PLC (DOM.L)
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  • Hibernia REIT PLC (HBRN.L)
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  • GYG PLC (GYG.L)
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