Join our community of smart investors

Strong Sinclair prompts spending spree

Strong trading at healthcare group Sinclair IS Pharma (SPH) has prompted a directors' buying spree.
August 1, 2014

Full-year results are not due from Sinclair IS Pharma (SPH) until September, but a bullish trading update revealed revenues for the year to June rose 14 per cent, with like-for-like sales up 4 per cent. The strong second-half performance, which offset an £0.8m currency hit, seems to have prompted non-executive director Stuart Swanson to add another 1m shares to his pile at 30.7p a piece. Another non-executive, Jean-Charles Tschudin, added half that amount for 30.8p a share.

IC TIP: Hold at 30p

The swift integration of three acquisitions – Perfectha, Ellansé and Silhouette – contributed to the robust second-half performance. The Perfectha range of hyaluronic acid fillers also helped Sinclair contribute to 90 per cent of dermal filler procedures in its key territories.

New launches of Perfectha and Ellansé gave a much-needed boost to the European business in the second half, with like-for-like sales up 0.8 per cent. This followed a 1.6 per cent decline in European sales in the first six months of the financial year.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Access Intelligence Michael Jackson (ch)17 Jul 14500,0002.914,50024,365,85810.364
Access Intelligence Michael Jackson (ch)18 Jul 14500,0002.914,50024,865,85810.576
Active Energy  Richard Spinks (ce)21 Jul 14350,000310,5008,937,0001.605
Alkane Energy *RS McDowell (ch)21 Jul 14180,0003664,800995,0000.679
Braveheart Investment  Trevor Brown21 Jul 141,425,00011156,7503,958,85515.303
Braveheart Investment  Trevor Brown21 Jul 14250,00010.7526,8754,208,85516.269
Breedon Aggregates David Warr17 Jul 14500,00039195,0005,555,5560.547
Breedon Aggregates Simon Vivian (ce)17 Jul 14250,0003997,50016,524,3711.627
Breedon Aggregates Peter Tom (ch)17 Jul 14350,00039136,50048,291,8674.754
Camco Clean Energy *Scott McGregor (ce)23 Jul 14728,559429,1424,970,1512.019
Camco Clean Energy *Jonathan Marren (cfo)23 Jul 141,203,881448,1554,514,7731.834
Camco Clean Energy *Dr Jeff Kenna (ch)23 Jul 14124,49544,9802,162,3250.879
Chemring  Michael Flowers (ce)18 Jul 1410,000201.520,15090,6800.047
Consort Medical Andrew Hosty18 Jul 14972961.019,3419720.003
Electra Private Equity Josyane Gold18 Jul 145002,446.2812,2315000.001
Elektron Technology *Tony Harris18 Jul 1470,00053,50080,0000.043
Elektron Technology *Ric Piper18 Jul 1454,33352,717380,3330.204
EU Supply *Steffan Karlsson21 Jul 14606,06033200,0001,343,5232.176
Finsbury Growth & Income Trust NA Collins18 Jul 141,700503.28,55429,4860.031
Finsbury Growth & Income Trust ♥NA Collins18 Jul 144,000503.420,13627,7860.029
Henderson EuroTrust Nicola Ralston (ch)23 Jul 146,000818.5549,1136,0000.029
IXICO Charles Spicer21 Jul 1419,26751.910,00062,0780.415
JPMorgan European Investment Trust Jo Dixon22 Jul 147,000220.99615,4707,0000.007
Kolar Gold Nick Spencer (ce)23 Jul 14340,0003.1210,6082,103,5691.979
Land Securities  Cressida Hogg23 Jul 1410,0001,055105,50010,0000.001
Leyshon Energy Kim Howell18 Jul 14300,0004.9514,850300,0000.120
Martin Currie Pacific Trust H Wells (ch)22 Jul 145,000282.2514,11315,0000.039
Martin Currie Pacific Trust ♥H Wells (ch)22 Jul 145,000282.2514,11320,0000.053
Metal Tiger Paul Johnson17 Jul 143,500,0000.517,5003,500,0001.905
Metal Tiger Alex Borrelli (ch)17 Jul 142,500,0000.512,5004,900,0002.667
Minds + Machines  Michael Salazar (cfo)23 Jul 14150,00010.515,7501,060,3750.128
North Midland Construction Andrew Langman17 Jul 1420,216113.1422,872187,0231.843
Progility John McIntosh (fd)17 Jul 14120,00089,600120,0000.060
RM2 International SAJohn Walsh (ce)17 Jul 141,000,00061.625616,25021,052,6806.543
Scottish American Investment Co (The) Lord Kerr of Kinlochard 18 Jul 141,277249.253,183124,6210.094
Sinclair IS Pharma Jean-Charles Tschudin17 Jul 14500,00030.75153,7502,500,1170.503
Sinclair IS Pharma Stuart Swanson17 Jul 141,000,00030.655306,55011,150,0002.242
SThree Fiona MacLeod22 Jul 145,000377.2518,8635,0000.004
Tracsis John McArthur (ce)22 Jul 144,959302.4514,9981,117,4334.256
TVC Holdings John Tracey (ce)18 Jul 141,440,0924.564,8049,892,58010.359
TVC Holdings John Tracey (ce)25 Jul 142,460,0004.7115,62012,138,58012.700
TVC Holdings David Doyle25 Jul 143,062,6584.7143,9454,263,6584.500
Volution  Anthony Reading 18 Jul 1410,817138.2514,95533,0000.017
Vp Neil Stothard22 Jul 145,000662.533,125781,1161.945

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Character Group  (The) Jonathan Diver17 Jul 14150,000200300,000876,0034.117
GlaxoSmithKline Sir Andrew Witty (ce)23 Jul 142151,462.083,143819,2400.017
GlaxoSmithKline ♥Sir Andrew Witty (ce)23 Jul 142151,462.083,143818,8100.017
GlaxoSmithKline ♥Sir Andrew Witty (ce)23 Jul 142151,462.083,143819,0250.017
North Midland Construction Andrew Langman17 Jul 1420,35511323,001166,8071.643
* placing/tender/open offer ♥ spouse/connected party † depositary receipts