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Vote of confidence by Lavendon boss

Lavendon's (LVD) chief executive has cast a vote of confidence in the group by snapping up a number of shares in the tool hire business
March 19, 2015

Lavendon Group's (LVD) chief executive Don Kenny has shelled out £179,722 in acquiring 106,774 shares in the tool hire business. The move is a vote of confidence in the group and follows a reassuring set of full-year results in which profits jumped 11 per cent to £39.3m.

IC TIP: Buy at 167p

Lavendon is certainly enjoying the benefits of a strengthening UK economy and booming construction sector. Rental revenues from the tool hire group's UK business grew 7 per cent to £111m during 2014. But its higher-margin Middle East business also steamed ahead, bagging £49.5m of revenues in the year, an 8 per cent increase.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Alliance Trust Ω ♥Karin Forseke (ch)11 Mar 154,895490.2423,997107,2270.019
Alumasc ♥ David Armfield09 Mar 1525,00015538,75025,0000.069
Amino Technologies Donald McGarva (ce)05 Mar 1510,70113814,767317,7130.592
Anglo Asian Mining ΩProf. John Monhemius11 Mar 1536,963675249,500239,1060.214
Cairn Energy Simon Thomson (ce)11 Mar 1550,000149.7974,894507,5670.088
CareTech Holdings *Michael Hill (fd)10 Mar 1547,619210100,00047,6190.077
Centaur Media Andria Vidler (ce)11 Mar 1529,33067.519,798121,8740.085
Centaur Media Robert Boyle11 Mar 1537,03767.525,000117,0370.081
Centaur Media Patrick Taylor (ch)11 Mar 1536,00067.524,300836,0000.582
Collagen Solutions David Evans (ch)10 Mar 15250,0008.6521,62512,888,7307.539
dotDigital  Simone Barratt (ce)06 Mar 1561,50031.8919,612311,5000.109
FBD Holdings Brid Horan06 Mar 153,0001,148.5034,4553,0000.009
Fidessa  John Hamer (ch)11 Mar 152,0002,12742,54081,5490.214
Galileo Resources Colin Bird (ch)10 Mar 15985,0002.0219,89743,185,00034.686
Guscio Marcus Yeoman09 Mar 15200,000816,000379,1062.390
Helios Underwriting ΩNigel Hanbury (ce)10 Mar 1520,00015330,6001,298,44515.228
Hunting John Glick05 Mar 1513,50048665,61013,5000.009
Indus Gas ♥Ajay Kalsi (ce)09 Mar 15475,39380380,314142,645,48477.959
Jelf  Phil Barton11 Mar 159,942181.6518,060304,8310.356
Kerry  Philip Toomey10 Mar 153,0004,481.65134,4506,0000.003
Lamprell ♥John Kennedy (ch)05 Mar 1531,966105.1633,6171,560,1460.457
Lavendon  Don Kenny (ce)11 Mar 15106,774168.32179,722312,5880.185
Minds + Machines  Michael Salazar (cfo)06 Mar 15200,000816,0001,410,3750.169
Minds + Machines  Michael Salazar (cfo)09 Mar 15219,6257.9417,4381,630,0000.195
Private & Commercial Finance  David Anthony (ch)09 Mar 15150,00013.520,250804,6091.515
Private & Commercial Finance  David Anthony (ch)09 Mar 15131,6661519,750936,2751.763
Richoux  Salvatore Diliberto (ce)06 Mar 15250,00015.8539,62519,908,67221.635
RM2 International Amaury de Seze09 Mar 15200,00064128,0001,350,0000.418
Spectris William Seeger 05 Mar 153,0002,20066,0003,0000.003
Tungsten Corp Edmund Truell (ce)09 Mar 15200,000174.42348,84716,632,42616.065
Tungsten Corp ♥Edmund Truell (ce)10 Mar 15300,000178.8536,40016,932,42616.355
Tungsten Corp ♥Edmund Truell (ce)11 Mar 15390,000186725,40017,322,42616.732
United Utilities ♥ Stephen Carter 06 Mar 153,00093027,9003,000<0.001
Vast Resources William Battershill (ch)10 Mar 154,000,0000.624,00070,913,3755.219
Victoria Andrew Harrison10 Mar 1525,000795.5198,87525,0000.173
Waterman  Craig Beresford10 Mar 1520,85271.514,909118,1750.384
Wildhorse Energy *Mark Hohnen05 Mar 155,000,0002.56128,1535,033,2198.016
Wildhorse Energy *Mark Pearce05 Mar 154,000,0002.56102,5224,000,0006.370
Wildhorse Energy *Ian Middlemas (ch)05 Mar 1510,000,0002.56256,30511,000,00017.518
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AO World Richard Rose (ch)16 Mar 155,583,47518010,050,255723,4430.170
Big Yellow  Nicholas Vetch (ch)05 Mar 15100,000647.96647,9609,075,3515.794
Big Yellow ♥ Nicholas Vetch (ch)05 Mar 1514,868647.9696,3399,060,4835.785
Breedon Aggregates David Williams11 Mar 151,767,20947.25835,00613,712,1331.323
BT ♥ Tony Chanmugam (fd)11 Mar 159,00044540,050974,8820.012
Capital & Regional ♥Louis Norval06 Mar 151,300,00056.52734,760196,346,40928.017
Capital & Regional ♥Neno Haasbroek06 Mar 151,300,00056.52734,760180,503,82525.757
Coats  Blake Nixon05 Mar 151,400,00091.951,287,31814,411,4061.024
dotDigital  Peter Simmonds05 Mar 151,500,00031.16467,3407,091,4692.492
Glencore ♥ †William Macaulay06 Mar 1553,756,571281.74151,453,76396,224,6790.736
Greggs Roger Whiteside (ce)10 Mar 1512,251970.38118,88160,0020.059
Intertek  Dr Wolfhart Hauser (ce)06 Mar 1514,0002,580.33361,246150,5540.093
Jelf  Phil Barton11 Mar 159,942181.3518,030294,8890.344
Paddy Power Andrew McCue (ce)09 Mar 1516,0005,219.10835,05624,3770.050
Paddy Power Cormac McCarthy (cfo)09 Mar 1513,5005,219.10704,57918,2700.037
Reed Elsevier E Engstrom (ce)09 Mar 157,7441,137.3588,076127,0400.011
Reed Elsevier E Engstrom (ce)09 Mar 15232,7931,132.042,635,310134,7840.012
SThree Steve Quinn06 Mar 15175,000330.01577,512204,5020.161
Victoria Alexander Anton10 Mar 1550,000791.60395,80018,0750.125

*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/Trust †Sold by FR Galaxy Holdings S.a.r.l (FR) - a connected party of W Macaulay