Real Estate Credit Investments Ltd (RECI)

Sector:

Financials

Index:

FTSE Small Cap

119.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 173.50
  • 52 Week Low: 94.40
  • Currency: UK Pounds
  • Shares Issued: 229.33m
  • Volume: 258,031
  • Market Cap: £274.05m

Director sells an ARM and a leg worth of shares

Date: Monday 27 Feb 2012

LONDON (ShareCast) - Mike Inglis, the Executive Vice President and General Manager of the Processor Division of ARM, the FTSE 100 chip designer, has sold more than half his stake in the firm.

Inglis, who took up his role in July 2008, sold 291,651 at 562.25p each for a total of £1,639,808, taking his total number of shares to 200,000.

The sale comes less than a month after the group's strong growth in licensing revenues helped it beat forecasts in the fourth quarter and for the full-year.

Fourth quarter sales totalled £137.8m, up from £113.9m the year before and well ahead of the £127m expected by Bloomberg consensus, as the group sold 2.2bn of its ARM technology-based chips, the highest-ever number of ARM-processor based shipments.

Full-year revenues rose 21% from £406.6m to £491.8m in the 12 months ended December 31st, compared to Nomura's forecast of £475m. Meanwhile, pre-tax profits jumped 37% from £167.4m to £229.7m, under Nomura's £215m estimate. Earnings per share rose from 9.34p to 12.45p.

ARM shares have lost over 5.5% of their value over the past year and almost 4% over the past month, currently at the 574.00p mark.


Top Director Buys

Assura Group Ltd. (AGR)
Director name: Mr Simon T Laffin
Amount purchased: 618,793 @ 32.00p
Value: £198,014

Real Estate Credit Investments PCC Ltd (RECI)
Director name: Lord Tom Chandos
Amount purchased: 220,000 @ 84.75p
Value: £186,450

Impax Asian Environmental Markets (IAEM)
Director name: Mr Alan Barber
Amount purchased: 96,000 @ 87.30p
Value: £83,808

Sound Oil (SOU)
Director name: Mr John Antony Heath
Amount purchased: 1,300,000 @ 1.40p
Value: £18,200


Top Director Sells

ARM Holdings (ARM)
Director name: Mr Mike Inglis
Amount sold: 291,651 @ 562.25p
Value: £1,639,808

Impax Asian Environmental Markets (IAEM)
Director name: Mr Alan Barber
Amount sold: 95,786 @ 87.25p
Value: £83,573

Rathbone Brothers (RAT)
Director name: Mr Richard I Smeeton
Amount sold: 6,500 @ 1,260.00p
Value: £81,900

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RECI Market Data

Currency UK Pounds
Share Price 119.50p
Change Today -0.50p
% Change -0.42 %
52 Week High 173.50
52 Week Low 94.40
Volume 258,031
Shares Issued 229.33m
Market Cap £274.05m

RECI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.29% above the market average36.29% above the market average36.29% above the market average36.29% above the market average36.29% above the market average
24.24% above the sector average24.24% above the sector average24.24% above the sector average24.24% above the sector average24.24% above the sector average
Price Trend
35.48% below the market average35.48% below the market average35.48% below the market average35.48% below the market average35.48% below the market average
37.06% below the sector average37.06% below the sector average37.06% below the sector average37.06% below the sector average37.06% below the sector average
Income
90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average
85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average
Growth
49.21% above the market average49.21% above the market average49.21% above the market average49.21% above the market average49.21% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RECI Dividends

  Latest Previous
  Q4 Q3
Ex-Div 02-Jul-20 05-Mar-20
Paid 30-Jul-20 27-Mar-20
Amount 3.00p 3.00p

Trades for 28-May-2020

Time Volume / Share Price
14:56 1,650 @ 120.85p
14:52 4,567 @ 119.50p
14:52 4,868 @ 119.50p
14:52 1,735 @ 119.50p
14:52 2,201 @ 119.50p

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