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Motorpoint – it was “pleased to announce a new share buyback programme”, I bet founder-director David Shelton was particularly pleased!...

By Steve Moore | Friday 6 September 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Post market close yesterday an accelerated bookbuild by Numis Securities was announced as “a partnership between David Shelton (a non-executive director of the company) and his connected persons, announces that, in connection with divorce proceedings, it intends to sell at least 8 million ordinary shares in Motorpoint” (MOTR). The shares closed yesterday at 240p – and today a “Result of Accelerated Bookbuild in Motorpoint”

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