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Marston's chairman buys in

Marston's (MARS) chairman Roger Devlin has bought an initial stake in the company that he joined just eight months ago
May 29, 2014

Pub operator Marston’s (MARS) looks in good health compared with many of its competitors and chairman Roger Devlin appears to agree. In fact Mr Devlin spent over £226,000 on 16 May snapping-up 150,000 shares at 150.75p each, representing a 0.026 per cent stake in the company.

IC TIP: Buy at 155p

Mr Devlin only joined Marston’s board last September after replacing former chairman David Thompson, who had served the company for 35 years. Since then, the group has reported half-year figures that revealed a 5 per cent rise in revenues and a 9 per cent improvement in underlying pre-tax profits to £29m. Moreover, Marston’s focus on bringing down its considerable debt pile - helped by an ongoing disposal programme - also deserves applause in a sector that's still struggling with a lingering debt crisis.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Armadale Capital Justin Lewis20 May 1423,000,0000.123,00083,000,0002.270
Amara Mining John McGloin (ch)19 May 14587,8411799,933871,9060.265
Amara Mining Pete Gardner (cfo)19 May 14261,82016.9844,457430,1090.131
Amara Mining Pete Gardner (cfo)20 May 14325,00016.9855,185755,1090.230
Amino Technologies Keith Todd (ch)19 May 14120,42489107,177281,9830.512
Avanti Communications  David Williams (ce)16 May 149,55025924,7351,705,6511.527
Babcock International  J Randall20 May 143,000118735,6103,000<0.001
Development Securities Michael Marx (ce)15 May 1421,030236.7549,789550,5550.441
Development Securities Marcus Shepherd (fd)15 May 1410,000233.523,35038,3470.031
Experian Jan Babiak16 May 1411,0001,042.91114,72011,0000.001
Grafton  Roderick Ryan21 May 1410,00057557,50035,0000.015
Gresham Computing ♥Max Royde19 May 1450,000131.9565,9735,494,3548.689
Gresham Computing ♥Max Royde20 May 1450,000131.9565,9745,544,3548.768
GVC Holdings Lee Feldman (ch)15 May 1423,875435103,856122,5750.201
Keywords Studios Ross Graham (ch)19 May 1430,49016450,00430,4900.065
Lenta †John Oliver (ch)16 May 1415,000994149,100525,0000.122
Lloyds Banking  Carolyn Fairbairn21 May 1440,00073.9929,59640,000<0.001
Lloyds Banking  Nick Luff16 May 14120,00073.7188,452200,000<0.001
Marshalls Mark Edwards21 May 1429,00017350,17078,0000.039
Marston's Roger Devlin (ch)16 May 14150,000150.75226,125150,0000.026
NetPlay TV (ce)Charles Butler (ce)21 May 141,500,00017.25258,7503,000,0001.013
Ocado  Ruth Anderson16 May 1410,000303.4830,34870,0000.011
Petroceltic International *Brian O'Cathain (ce)21 May 1423,53615736,952194,6090.105
Petroceltic International *TG Hickey (cfo)21 May 1423,53615736,952272,8500.148
Pittards Godfrey Davis15 May 1431,000157.7548,90331,0000.335
Premier Foods Ian Krieger15 May 14200,00054.25108,500304,0000.037
President Energy Peter Levine (ch)20 May 14250,0003075,00076,662,20919.380
Staffline *  Andrew Hogarth (ce)16 May 1446,875800375,0001,615,5045.835
Staffline *  Diane Martyn16 May 143,75080030,0003,7500.014
Staffline *  Nicholas Keegan16 May 143,00080024,00036,7500.133
Telecom plus Andrew Lindsay (ce)21 May 143,0001,490.3944,712135,3120.169
Telecom plus Julian Schild21 May 1417,0001,490.39253,366133,6820.167
Telecom plus Melvin Lawson21 May 143,0001,490.3944,7122,064,8692.581
Telecom plus Charles Wigoder (ch)21 May 145,0001,490.3974,52012,993,18316.238
Tethys Petroleum Julian Hammond (ce)19 May 14100,00022.7522,750225,0000.074
Thomas Cook  Harriet Green (ce)19 May 1432,700154.1750,414732,7000.050
Thomas Cook  Michael Healy (cfo)19 May 1419,700150.5229,65243,7010.003
Thomas Cook  Martine Verluyten19 May 1425,000153.2638,315165,0000.011
Travis Perkins R M Walker (ch)16 May 143,0001,628.6448,85989,0070.036
Travis Perkins Tony Buffin (cfo)16 May 143,000161148,33043,8070.018
Trinity Mirror Simon Fox (ce)19 May 1412,65915820,00187,8610.034
W Resources ♥ *Michael Masterman (ch)19 May 1422,500,0000.8180,000771,594,33935.323

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Anglo American Mark Cutifani (ce)20 May 144,6931,53772,13132,8900.002
Hargreaves Lansdown ♥Ian Gorham (ce)21 May 14110,0001,1661,282,600332,6280.070
Prudential MGA McLintock16 May 1472,1881,398.101,009,260440,0870.017
PrudentialNA Nicandrou (cfo)16 May 14116,1061,398.101,623,278286,7000.011
Prudential (ce)TC Thiam16 May 14380,0001,398.105,312,780684,2840.027
Prudential †B L Stowe16 May 14216,0001,397.503,018,602274,7840.011
Prudential †M Wells16 May 14300,0001,399.654,198,935436,5340.017
Rolls-Royce Holdings Colin Smith 16 May 1470,0001,000.59700,413193,3050.010
Rolls-Royce Holdings ♥Colin Smith 16 May 1430,0001,000.59300,177193,3050.010
Stobart Andrew Tinkler (ce)21 May 141,000,0001351,350,00031,179,4429.413
SynthomerAM Whitfield (ce)15 May 1490,976267.99243,811197,3880.058
TT electronics Geraint Anderson (ce)15 May 1470,000212148,400700,5730.441
UBMRobert Gray (cfo)20 May 1413,514648.8687,68817,5030.007

* placing/tender/open offer ♥ spouse/connected party

† depositary receipts