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Yoox & Conafi Prestito

|Includes: Yoox Net-A-Porter Group SPA (YXOXF)

Yoox spa is a global internet retailer of fashion & designer clothing brands. The company operates in more than 100 countries worldwide including major markets like United States, Europe and Japan. On 13th of July increased its offering by adding Dolce & Gabbana to its online e-commerce site, which already includes well known high-end brands such as Prada, Vivienne Westwood & Diesel.  The addition follows the announcement of the opening of a Chinese version of the store, serving 400 cities. The Chinese store will be opened as of August 8th.

The company has performed well in what many would consider a difficult market for those in the luxury business, and it is a testament to the changing attitudes of consumers, who are now happy to purchase more online.  Yoox has seen its share price climb from €4.7 when it listed in late 2009, to today’s price of €12.86. In the last year the directors and management have been big sellers, and three officers made further sales last week.  Davide Di DarioGabriele Tazzari & Luca Martines sold a total of 88,171 shares between €12.50 and €12.74.

Conafi Prestito SpA is an Italy-based company operating in the guaranteed loans sector, specializing in the provision of loans with repayment through direct salary or pension deductions.  The Company has a build strong external commercial network with agents, brokers and financial intermediaries throughout Italy.  Recently the company decided to enter in the new business of online mortgage brokerage with the brand MutuoSulWeb.

company has seen its share price erode since the middle of May this year, despite essentially stagnating for the last 18 months. Executive chairman Nunzio Chiolo, took advantage of the declining price and bought 800,000 shares at €0.760 , total trade value was just over €600k. The trade was the first since 2007 when he bought €3.9 million.