Scottish Oriental Smaller Companies Trust (SST)

Sector:

Investment Firms

Index:

FTSE Small Cap

1,070.00p
   
  • Change Today:
      25.00p
  • 52 Week High: 1,257.50
  • 52 Week Low: 1,000.00
  • Currency: UK Pounds
  • Shares Issued: 25.51m
  • Volume: 6,535
  • Market Cap: £272.94m
  • RiskGrade: 121

CareTech heads buy close to a million shares

Date: Wednesday 28 Aug 2013

LONDON (ShareCast) - CareTech, the AIM-listed social care services firm, announced Wednesday that both its Executive Chairman and Chief Executive Officer each purchased 485,000 shares.

Farouq Sheikh and Haroon Sheikh both paid 190p a share, costing a total of £921,500.

The purchases were announced the same day the company unveiled its plans to save substantial costs in rental charges following the acquisition of two property portfolios.

The company said that it has bought the freeholds of the portfolios, comprising 29 properties in total, for £38m.

The company estimates that it will save up to £4.4m in rent in 2014 and more thereafter given that previous rental terms were subject to inflation-based increases.

Executive Chairman Farouq Sheikh said: "This share purchase underlines our belief in the acquisition announced earlier [on Wednesday] of the freeholds to 29 properties in CareTech's portfolio.

"The acquisition, which replaces a rent cost of £4.4m in 2014 with an interest cost of £1.6m, is immediately earnings enhancing and gives the group greater flexibility to reconfigure and upgrade the properties."


Top Director Buys

Amlin (AML)
Director name: Ms Julie Chakraverty
Amount purchased: 8,000 @ 394.56p
Value: £31,565

Renold (RNO)
Director name: Mr Mark Harper
Amount purchased: 87,719 @ 28.50p
Value: £25,000

Scottish Oriental Smaller Companies Trust (SST)
Director name: Mrs Anne West
Amount purchased: 2,000 @ 737.00p
Value: £14,740


Top Director Sells

Fisher (James) & Sons (FSJ)
Director name: Mr Nick Henry
Amount sold: 16,000 @ 1,101.24p
Value: £176,198

Xchanging (XCH)
Director name: Mr David Bauernfeind
Amount sold: 75,422 @ 122.75p
Value: £92,581

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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.

 

SST Market Data

Currency UK Pounds
Share Price 1,070.00p
Change Today 25.00p
% Change 2.39 %
52 Week High 1,257.50
52 Week Low 1,000.00
Volume 6,535
Shares Issued 25.51m
Market Cap £272.94m
RiskGrade 121

SST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.88% below the market average70.88% below the market average70.88% below the market average70.88% below the market average70.88% below the market average
89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average
Price Trend
47.10% above the market average47.10% above the market average47.10% above the market average47.10% above the market average47.10% above the market average
46.85% above the sector average46.85% above the sector average46.85% above the sector average46.85% above the sector average46.85% above the sector average
Income
73.66% below the market average73.66% below the market average73.66% below the market average73.66% below the market average73.66% below the market average
82.96% below the sector average82.96% below the sector average82.96% below the sector average82.96% below the sector average82.96% below the sector average
Growth
59.61% below the market average59.61% below the market average59.61% below the market average59.61% below the market average59.61% below the market average
20.74% below the sector average20.74% below the sector average20.74% below the sector average20.74% below the sector average20.74% below the sector average

SST Dividends

  Latest Previous
  Final Final
Ex-Div 02-Dec-21 03-Dec-20
Paid 14-Jan-22 15-Jan-21
Amount 11.50p 11.50p

Trades for 27-May-2022

Time Volume / Share Price
16:29 1 @ 1,065.00p
16:29 38 @ 1,065.00p
16:29 20 @ 1,065.00p
16:29 22 @ 1,065.00p
16:29 16 @ 1,065.00p

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