Join our community of smart investors

Liontrust bosses sell shares

Both the chairman and chief executive have sold shares in Liontrust Asset Management.
August 22, 2014

Liontrust Asset Management (LIO) chief executive John Ions exercised an option on 200,000 shares on 1 August as part of an incentive plan. He sold these the same day at 243p per share, and on 7 August he followed this with the sale of a further 500,000 shares at 230p, worth almost £1.2m. That leaves him with about 900,000 shares. He was joined in the second transaction by chairman Adrian Collins, who sold 100,000 shares at 230p, taking his holding down to just above 400,000 shares.

IC TIP: Buy at 229p

That's despite signs that Liontrust's strong performance in the year to March, with adjusted pre-tax profits more than doubling to £8.4m, has been maintained in the first quarter of the new financial year. Net inflows were higher at £190m, and assets under management grew from £3.6bn to £3.8bn. Investment performance has been impressive, with seven out of the eight actively managed UK retail funds in the first quartile of their respective IMA sectors.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Capital Gearing Trust Alastair Laing08 Aug 141,1193,125.634,9751,2770.044
Diverse Income Trust (The) Michael Wrobel (ch)12 Aug 1410,00078.557,855200,0000.062
Dunedin Income Growth Inv Trust Peter Wolton11 Aug 143,417261.748,94426,6300.018
Elementis Ian Brindle08 Aug 141,726275.474,75532,8980.007
Elementis ♥ Ian Brindle08 Aug 143,616275.479,96136,5140.008
Greencoat UK Wind Kevin McCullough11 Aug 1410,000109.4410,94410,0000.003
Gresham Computing ♥ M Royde13 Aug 1460,000113.62568,1755,875,6549.292
Gresham Computing ♥ M Royde12 Aug 1460,000116.333369,8005,815,6549.197
Henderson  Angela Seymour-Jackson11 Aug 1411,082225.725,01211,082<0.001
Henderson Value Trust Graham Oldroyd07 Aug 146,074245.58514,9176,0740.013
Huntsworth Lord Myners of Truro (ch)11 Aug 14100,0004646,000300,0000.092
Imperial Tobacco  Mark Williamson (ch)11 Aug 143,9552,501.2398,9247,403<0.001
International Personal Finance Cathryn Riley07 Aug 144,681533.99924,99614,7950.006
Poundland  Teresa Colaianni07 Aug 1415,723317.549,92115,7230.006
PuriCore Michael Ashton (ce)11 Aug 1450,0003517,50069,3500.138
PuriCore Michael Ashton (ce)11 Aug 14100,0003939,000169,3500.338
Quarto Group  (The) IncMichael Hartley12 Aug 143,000142.54,2755,0000.025
Rolls-Royce Holdings Sir Frank Chapman07 Aug 143811,039.753,9617,434<0.001
Rolls-Royce Holdings John Neill 07 Aug 143061,039.753,18243,5510.002
Rolls-Royce Holdings I Davis (ch)07 Aug 141901,039.751,97618,083<0.001
Savills Liz Hewitt07 Aug 143,400594.520,2133,4000.003
Scapa  James Wallace (ch)08 Aug 1410,000127.4512,745860,0000.584
Small Companies Dividend Trust William van Heesewijk07 Aug 143,0001654,95085,0000.514
Spirent Communications Ian Brindle08 Aug 143,04697.482,96931,4500.005
Spirent Communications ♥ Ian Brindle08 Aug 146,94697.236,75438,3960.006
SSE Peter Lynas12 Aug 142,0001,451.929,0382,000<0.001
SVG Capital Helen Mahy11 Aug 143,529424.71214,9883,5290.002
Sweett  DC Wilton07 Aug 145,00035.131,75745,3340.066
Sweett  AC Lovell07 Aug 1450,00035.1317,56550,0000.073
Sweett  J Dodds07 Aug 1450,00035.1317,56550,0000.073
Sweett  PN Woollacott07 Aug 1410,00035.133,513129,6660.189
Sweett  K Berry07 Aug 1425,00035.138,7834,515,2856.574
Sweett  PMM Sinclair (cfo)07 Aug 1412,50035.134,39152,2630.076
Sweett  MJG Henderson (ch)07 Aug 1425,00035.138,783548,0300.798
Sweett  DR Pitcher07 Aug 1425,00035.138,7832,054,6482.992
Sweett ♥  RS Mabey07 Aug 1410,00035.133,513370,2100.539
Sweett ♥  DL Webster (ce)07 Aug 1410,00035.133,5131,105,3381.609
Telecity  Michael Tobin (ce)08 Aug 14890729.386,491696,0000.343
Telford Homes James Furlong08 Aug 1410,00026526,5001,311,8602.202
Tungsten Corp L Jopp (coo)08 Aug 1413,778301.841,58222,4980.022
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Advanced Computer Software  Michael Jackson07 Aug 141,072,884116.251,247,22800
Imperial Innovations  Prof David H Begg13 Aug 143,000450.8313,52518,3190.013
Liontrust Asset Management Jos Ions (ce)07 Aug 14500,0002301,150,000905,1801.991
Liontrust Asset Management Adrian Collins (ch)07 Aug 14100,000230230,000403,9980.888
SVG Capital ♥ Lynn Fordham (ce)12 Aug 1435,000426.649149,327478,2090.228
Whitbread Christopher Rogers13 Aug 1425,2144,199.711,058,91575,0000.041
* placing/tender/open offer ♥ spouse/connected party † depositary receipts