Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

6 shares the pros are buying and selling

Our regular roundup of trades by professional investors, featuring Moss Bros, Celtic, Byotrol, Numis, Arrow Global and Hostelworld.

If you would like to receive news alerts on any of the stocks mentioned in The Expert View, click on the star icons below to add them to your favourites.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
If you would like to receive news alerts on any of the stocks mentioned in The Expert View, click on the star icons below to add them to your favourites.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£m
No. of shares out101m
No. of shares floating85m
No. of common shareholdersnot stated
No. of employees945
Trading volume (10 day avg.)m
Turnover£132m
Profit before tax£14m
Earnings per share5.31p
Cashflow per share11.84p
Cash per share17.34p

Moss Bros (MOSB)

Who’s trading? Citywire AAA-rated David Taylor and A-rated David Horner

The trade: The Chelverton UK Equity Income managers upped their stake in menswear business Moss Bros from 5.7% of shares to just over 6% worth £2.9 million at a price of 48p.

How have the shares performed: Moss Bros has slumped 57% in less than a year as it became a lightning rod for fears about the British high street, and is just off March’s six year low of 44p.

What does the company say: Much of the damage of a March profit warning from the group already appeared to be priced into the stock with only a limited sell-off in response. The company stressed that it was continuing to invest heavily in ecommerce and this continued to ‘achieve traction’.

What’s the outlook? The recent share price reflects the trajectory of analyst opinion with the stock on a unanimous negative rating, from a much more balanced outlook as recently as January. Even on that basis, the downturn has been a little harsh however, with a median cited target price of 50p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£970m
No. of shares out741m
No. of shares floating39m
No. of common shareholdersnot stated
No. of employees507
Trading volume (10 day avg.)m
Turnover£91m
Profit before tax£16m
Earnings per share5.06p
Cashflow per share11.81p
Cash per share26.22p

Celtic (CCP)

Who’s trading? Citywire AA-rated Nick Train

The trade: The manager of the Lindsell Train UK Equity fund has upped his stake in Celtic from 15.04% to 17.15%, or over 16 million shares worth £21 million at a share price of 131p.

How have the shares performed: The football club’s share price shot up in August last year, rising by around 26% in 15 days when it qualified for the Uefa Champions League group stage. Since then it has remained fairly steady around a price of 131p.

What does the company say: Celtic have already won this year’s Scottish Premier League, for the seventh consecutive season, and with the League Cup already in the bag and a Scottish Cup Final later this month, they are on track for a historic back to back domestic treble. The league win secures qualification for the Champions League qualification stages again.

What’s the outlook? Winning through to the group phase in the Uefa Champions League helped power £36.6 million in TV revenue last season for the business, compared to just £3.6 million for bitter rivals Rangers. Back in February, Canaccord reiterated its buy rating on the stock with a target price of 140p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£16m
No. of shares out403m
No. of shares floating312m
No. of common shareholdersnot stated
No. of employees17
Trading volume (10 day avg.)1m
Turnover£3m
Profit before tax£m
Earnings per share-0.05p
Cashflow per share-0.01p
Cash per share0.36p

Byotrol (BYOT)

Who’s trading? Citywire AAA-rated Paul Jourdan, Douglas Lawson & David Stevenson

The trade: The Amati AIM VCT managers more than doubled their stake in anti-microbial solution manufacturer Byotrol from 3% of shares to 6.2% worth £900,000 at a share price of 3.6p.

How have the shares performed: Shares in the business have ticked up in the last week after reaching a record low 2.6p in April, briefly reaching a year high of 4.5p, before falling back.

What does the company say: The uptick in interest in the stock followed news that it had secured approval to supply its Byotrol24 household spray to US consumers, and had achieved its first sale via an Amazon reseller. ‘Whilst not yet meaningful in financial terms, this is a very important first step for us,’ it said in a statement.

What’s the outlook? The business touts Byotrol24 as offering unique 24-hour surface protection from microbes, and said the launch followed eight years of development. While the US market offers an exponential increase larger market, most backers still seem to be carefully measuring their risk, and the business flies below the radar of analyst coverage

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£461m
No. of shares out107m
No. of shares floating70m
No. of common shareholdersnot stated
No. of employees235
Trading volume (10 day avg.)m
Turnover£134m
Profit before tax£39m
Earnings per share25.91p
Cashflow per share27.03p
Cash per share134.06p

Numis (NUM)

Who’s trading? Citywire A-rated Fraser Mackersie and Simon Moon

The trade: The Unicorn UK Income duo trimmed their stake in small cap broker advisor Numis from just over 5% to 4.8% or 5.2 million shares worth £22.4 million at a share price of 429p.

How have the shares performed: Numis has more than doubled over the last two years from 205p as the famine of relatively moribund new share listings has turned into a feast of M&A activity.

What does the company say: The business near doubled its earnings per share over the six months to the end of March repeating the ‘excellent performance’ of the previous six months. The company has recently embarked on a hiring spree, hiring 34 in the half year and promoting 40.

What’s the outlook? In an interview with the Telegraph youthful co-chief executive Alex Ham said mid-cap M&A was still ‘really ramping up’ and that a lot of potential acquisitors still had a lot of ‘dry powder’. On a price to earnings multiple of 12x Numis remains inexpensive versus its peer average of 19x.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£516m
No. of shares out175m
No. of shares floating163m
No. of common shareholdersnot stated
No. of employees1464
Trading volume (10 day avg.)2m
Turnover£319m
Profit before tax£124m
Earnings per share22.26p
Cashflow per share28.83p
Cash per share20.51p

Arrow Global (ARWA)

Who’s trading? Citywire AA-rated Alexander Darwall

The trade: Jupiter’s head of pan-European growth upped his stake in debt recovery business Arrow Global from 16.2% to just over 17% worth £94.9 million at a share price of 317p.

How have the shares performed: Arrow Global has plunged almost 15% since early May to a 14 month low, and is now almost a third lower than its 2017 peak valuation of 470p.

What does the company say: Shares in the business slumped in May as the company reported that it had fallen back into the red following the six months of profit it reported in November 2017, as FX costs and currency hedging weighed. On an underlying basis pre-tax profit rose 10%, however.

What’s the outlook? As the UK’s only listed debt collector investors sometimes struggle to benchmark Arrow’s price and have grown twitchier after both its long serving chief executive and chief financial officer departed in 2016/17, despite its underlying business remaining resilient. Analysts remain bullish, holding it on a mean price target of 488p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Key stats
Market capitalisation£m
No. of shares out96m
No. of shares floating95m
No. of common shareholdersnot stated
No. of employees282
Trading volume (10 day avg.)m
Turnover76m EUR
Profit before tax22m EUR
Earnings per share0.10 EUR
Cashflow per share0.23 EUR
Cash per share0.19 EUR

Hostelworld (HSW)

Who’s trading? Neil Woodford

The trade: Woodford has pared back his holding in online booking platform Hostelworld from 23.94% to 22.98% or 22 million shares worth £82.8 million at a share price of 377p.

How have the shares performed: Hostelworld’s shares have recovered since an 11% drop at the end of March and they are now up 22.3% over one year. However, the shares are still lower than its 52-week high of 425p.

What does the company say: The company recently had a change at the top with long-serving CEO Feargal Mooney stepping down to be replaced by Expedia’s head of retail Gary Morrison. While it has been hit by the uncertainty around Brexit and terror attacks, putting travellers off holidays, the firm reported profits of €11.2 million (£9.8 million) over 2017, up from €0.8 million in 2016.

What’s the outlook? Analysts at Peel Hunt upgraded the stock to Buy last month, setting a price target of 475p saying that the company re-rated from a forward P/E of c12x in 2015 to 22x and has been managing a strategic transition.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Nick Train
Nick Train
5/155 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 40.19%
David Stevenson
David Stevenson
2/56 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 93.37%
Douglas Lawson
Douglas Lawson
1/56 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 93.37%
Paul Jourdan
Paul Jourdan
3/56 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 93.37%
David Horner
David Horner
2/90 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 36.89%
Fraser Mackersie
Fraser Mackersie
28/90 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 21.37%
Neil Woodford
Neil Woodford
90/90 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: -3.51%
Simon Moon
Simon Moon
27/90 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 21.37%
Alexander Darwall
Alexander Darwall
11/86 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 46.47%
David Taylor
David Taylor
Wealth Manager on Twitter