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Renew's chief pockets £994,000

The spouse of Brian May cashes in on another good year by offloading 350,000 shares
January 28, 2015

Renew Holdings (RNWH) turned in record full-year results for its September year-end. But that hasn't stopped chief executive Brian May from offloading 350,000 shares in the flourishing engineering group. The transaction, which garnered around £994,000, came days after the group's director of engineering services, Paul Scott, shelled out about £143,000 on 5,000 shares at 286p.

IC TIP: Buy at 288p

Shares in Renew climbed about 60 per cent last year as it reaped the rewards of its transformation from a predominately construction business into an engineering one. The group made strong inroads in rail and nuclear markets. This was borne out by Network Rail's decision to appoint Renew's AMCO Rail subsidiary to work on seven infrastructure frameworks, with a value of around £450m. However, Renew has retained a stake in high-end residential refurbishment projects in London and the Home Counties, where demand has remained strong. By the end of last year, the group's order book was up by a fifth to £449m.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
1pm Ron Russell21 Jan 1525,90762.6516,2317,526,15920.384
Aberdeen Asset Management Richard Mully16 Jan 1515,000402.160,31530,0000.002
Avesco  Richard Murray (ch)16 Jan 15113,000120.36136,0075,721,21129.989
Better Capital PCC Jonathan Moulton16 Jan 152,853,67770.092,000,00038,615,58218.675
BlueRock Diamonds John Kilham16 Jan 15100,00011.511,500250,0000.793
British Smaller Companies VCT *Helen Sinclair (ch)20 Jan 156,058103.036,24123,0620.032
British Smaller Companies VCT *PS Cammerman20 Jan 1510,097103.0310,40278,0720.108
British Smaller Companies VCT 2 *PC Waller20 Jan 159,25167.326,22735,2300.050
British Smaller Companies VCT 2 *RM Pettigrew20 Jan 159,25867.326,23268,0170.097
CloudBuy Lyn Duncan (ce)20 Jan 1510,00024.752,47514,730,92812.153
CloudBuy Lyn Duncan (ce)21 Jan 1510,000262,60014,740,92812.161
Diageo †Ivan Menezes (ce)20 Jan 151231,794.922,208715,1170.028
Enteq Upstream David Steel (fd)19 Jan 1512,65915.71,98781,2400.138
e-Therapeutics Steve Medlicott (fd)21 Jan 15150,00025.2537,875250,0000.095
Fidelity Special Values ΩNicky McCabe19 Jan 15117840.889842,3210.004
Finsbury Growth & Income Trust JP Allard21 Jan 158,000557.3944,59139,1060.038
Fulcrum Utility Services Stephen Gutteridge21 Jan 15100,0007.997,990504,1660.327
GlaxoSmithKline †Dr MM Slaoui16 Jan 15421,439.58605461,5220.009
Kalimantan Gold Corp *Stephen Hughes16 Jan 151,032,2471.2713,1101,032,2470.262
Kalimantan Gold Corp *Dr. Peter Pollard (ch)16 Jan 15206,4491.272,622408,5010.103
KBC Advanced Technologies ♥Oliver Scott16 Jan 15135,00090.02121,52010,180,29812.486
Lamprell ΩJohn Kennedy (ch)19 Jan 1522,977100.4823,08787,4160.026
Lamprell ΩJohn Kennedy (ch)16 Jan 1564,439100.0064,44064,4390.019
Lekoil Gregory Eckersley21 Jan 1545,00022.7510,2382,798,0500.771
London & Associated Properties ΩAK Thapar (fd)15 Jan 1553,67537.7520,262150,0470.176
London & Associated Properties ΩJA Heller (ce)15 Jan 15261,24337.7598,6191,930,2192.268
London & Associated Properties ΩMA Heller (ch)15 Jan 15132,45237.7550,0016,553,5417.700
Mirada Jose Luis Vázquez (ce)21 Jan 1540,00012.755,1002,163,0081.896
Mirada Matthew Earl21 Jan 1540,00012.1254,85099,0000.087
Mithril Capital Rodger Sargent20 Jan 15675,0004.530,3755,425,0004.230
Ncondezi Energy Michael Haworth (ch)15 Jan 151,165,1565.7867,34613,891,8995.560
Ncondezi Energy ΩMichael Haworth (ch)15 Jan 152,546,3975.78147,18216,438,2966.579
Northgate ΩC Muir (fd)16 Jan 153365131,72467,8940.051
Northgate ΩRL Contreras (ce)16 Jan 153365131,724119,7220.090
Ortac Resources *Anthony Balme (ch)16 Jan 1520,000,0000.120,000196,169,2506.967
Ortac Resources *David Paxton16 Jan 155,000,0000.15,00034,022,2201.208
Ortac Resources *Paul Heber16 Jan 155,000,0000.15,00010,000,0000.355
Ortac Resources *Vassilios Carellas (ce)16 Jan 155,000,0000.15,00040,391,1751.435
Renew Holdings Paul Scott15 Jan 155,00028614,3005,0000.008
Rosslyn Data Technologies Hugh Cox20 Jan 1538,83818.077,0189,545,00012.651
SABMiller GC Bible19 Jan 152,5003,389.3284,73391,7500.006
SABMiller ΩGC Bible19 Jan 151,0003,389.3233,89392,7500.006
SVG Capital Lynn Fordham (ce)15 Jan 1541,500420.78174,622483,8150.253
Unicorn AIM VCT *PF Dicks (ch)15 Jan 1547,441147.5569,999151,1310.216
Utilitywise Geoff Thompson (ce)15 Jan 15102,000246250,9208,290,10111.097
Utilitywise Jeremy Middleton 15 Jan 1540,00024698,4001,833,9562.455
Utilitywise Richard Feigen (ch)15 Jan 152,0082444,90068,6750.092
Verona Pharma ΩStuart Bottomley19 Jan 151,000,0001.515,00020,000,0001.980
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Arian Silver CorpAnthony Williams (ch)21 Jan 15135,00036.8049,67485,0000.251
Arian Silver CorpAnthony Williams (ch)22 Jan 1585,00036.8031,2760.000.000
BlackRock Hedge Selector Frank Le Feuvre16 Jan 1520,000135.2627,05280,0000.385
British Land Co Charles Maudsley19 Jan 1550,000797.43398,716163,6770.016
British Land Co Lucinda Bell (fd)14 Jan 1555,000784.25431,336nana
China Nonferrous Gold Abuali Ismatov16 Jan 15485,00028.55138,4686,615,0001.733
Hilton Food  Robert Watson (ce)20 Jan 1590,000390351,0002,926,3804.031
Lok'n Store  Andrew Jacobs (ce)15 Jan 154,40023810,4725,249,60020.366
Lok'n Store ♥ Andrew Jacobs (ce)15 Jan 154,40023810,4725,305,20020.581
Renew Holdings ♥Brian May (ce)20 Jan 15350,000284994,000494,1930.803
Shanta Gold Luke Leslie20 Jan 153,260,00010.64346,7010.000.000
Sports Direct International ♥Mike Ashley20 Jan 1515,400,000720110,880,000330,000,00055.141
* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP † depositary receipts