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Matchtech chief buys overseas growth

Matchtech's chief has bought into the recruiter's growth potential, following its recent acquisition
April 30, 2015

Recruiter Matchtech (MTEC) completed its acquisition of telecoms, IT and engineering recruiter Networkers International earlier this month. Management hopes the addition will help the group expand its international presence and help the business attract candidates with the diversified skill set required in the highly specialised professional services and engineering markets.

IC TIP: Buy at 527p

Keen to buy into this growth potential is Matchtech chief executive Brian Wilkinson, who purchased 35,000 shares in the recruiter for a £192,850 price tag. Mr Wilkinson now owns 0.15 per cent of the group's issued share capital.

Quite apart from the £0.7m in acquisition costs the group was saddled with, Matchtech has put in a fairly flat performance so far this year, with net fee income (NFI) up just 2 per cent during its first half. It has been let down by a poor performance from its professional services arm, resulting in one of its units closing its London office.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AA * Robert Mackenzie (ch)21 Apr 1575,000385288,750875,0000.144
AA * John Leach21 Apr 152,81238510,82632,8120.005
AA * Nicholas Hewitt21 Apr 157,50038528,87587,5000.014
AA * Dr. Martin Clarke (cfo)21 Apr 1567,500385259,875787,5000.130
Acorn Minerals Anthony Brennan (ch)20 Apr 15250,00014.636,5001,250,0008.749
Amerisur Resources Nigel Luson21 Apr 15100,00030.530,500100,0000.009
Amerisur Resources Nigel Luson21 Apr 1530,00030.29,060130,0000.012
Amerisur Resources Stephen Foss20 Apr 15300,00030.2590,750600,0000.056
Arm Stuart Chambers (ch)22 Apr 1520,0001,204240,80030,0000.002
Ashmore  David Bennett17 Apr 1510,000312.4531,24510,0000.001
Associated British Foods Dr. Wetherspoon Hauser21 Apr 151,2832,75235,3081,283<0.001
Associated British Foods Dr. Wetherspoon Hauser21 Apr 155562,75215,3011,839<0.001
Associated British Foods Dr. Wetherspoon Hauser21 Apr 157272,73319,8692,566<0.001
Associated British Foods Ruth Cairnie22 Apr 155842,71615,861584<0.001
Associated British Foods ♥Ruth Cairnie22 Apr 155552,72915,1461,139<0.001
Associated British Foods ♥Ruth Cairnie22 Apr 153612,7309,8551,500<0.001
Aurum Mining *David Williams (ch)20 Apr 1514,000,0001140,00050,083,99429.144
BATM Advanced Communications ♥Dr Zvi Marom (ce)16 Apr 15250,00012.7531,87594,394,50023.414
Charles Stanley * Anthony Scott17 Apr 1514,08433547,18140,8800.081
Charles Stanley * Ben Money-Coutts (cfo)17 Apr 154,64633515,5645,2440.010
Charles Stanley * Michael Lilwall17 Apr 155,00033516,750125,2570.248
Charles Stanley * Paul Abberley (ce)17 Apr 157,04233523,5917,0420.014
Charles Stanley ♥ *Anthony Scott17 Apr 1514,08433547,18140,8800.081
Charles Stanley ♥ *Ben Money-Coutts (cfo)17 Apr 154,64633515,5645,2440.010
Charles Stanley ♥ *Paul Abberley (ce)17 Apr 157,04233523,5917,0420.014
CloudTag IncMike Hirschfield (fd)17 Apr 15700,0002.517,5008,270,8344.961
CRH Lucinda Riches17 Apr 152,0001,855.6837,1142,000<0.001
dotDigital  Richard Kellett-Clarke22 Apr 15320,00030.0296,050320,0000.112
FastJet *E Winter (ce)22 Apr 15130,00011,300443,0000.667
Fulham Shore (The) *Martin Chapman21 Apr 15181,8181120,000766,8180.135
Fulham Shore (The) *Nabil Mankarious21 Apr 15927,25511101,998112,754,14719.811
Fulham Shore (The) *Nicholas Wong (fd)21 Apr 1525,668112,8238,367,2571.470
Fulham Shore (The) *Nicholas Donaldson21 Apr 15373,7641141,11413,044,3372.292
GameAccount Network Dermot Smurfit (ce)16 Apr 1546,0004219,3207,430,07513.296
GameAccount Network David O'Reilly (ch)16 Apr 15100,0003838,0002,363,8124.230
GameAccount Network Roger Kendrick16 Apr 15100,0003939,0001,985,2503.553
GameAccount Network Roger Kendrick16 Apr 15100,00040.540,5002,085,2503.731
Gresham Computing ♥MME Royde17 Apr 1550,0009447,0005,877,1649.294
Hummingbird Resources *Russell King (ch)16 Apr 153,955301,18753,9550.057
Hummingbird Resources *Daniel Betts (ce)16 Apr 1523,101306,9304,634,1494.890
Hummingbird Resources *Stephen Betts16 Apr 1539,0423011,713712,5420.752
Hummingbird Resources *Thomas Hill (fd)16 Apr 1515,618304,685108,2350.114
Huntsworth Oscar Zhao17 Apr 154,719401,88863,214,62519.448
Huntsworth ♥Oscar Zhao16 Apr 1522,08239.958,82163,209,90619.447
Hutchison China Meditech Christopher Nash21 Apr 151,3881,80024,98431,9300.060
IGas Energy * ΩAndrew Austin (ce)22 Apr 154,77928.251,35010,980,4073.705
IGas Energy * ΩJohn Blaymires22 Apr 154,77928.251,35041,1540.014
IGas Energy * ΩStephen Bowler (cfo)22 Apr 154,77928.251,35091,0710.031
ITM Power Sir Roger Bone 21 Apr 1528,75034.59,91967,0000.038
KBC Advanced Technologies ♥Oliver Scott17 Apr 1545,0009542,75010,597,55012.924
Matchtech  Brian Wilkinson (ce)16 Apr 1535,000551.43193,00045,0000.148
Matomy Media  Ilan Shiloah (ch)16 Apr 158,00019315,44013,851,35115.041
Pinewood * Christopher Naisby (fd)17 Apr 1519,37637572,66019,3760.034
Pinewood * Andrew Smith17 Apr 1519,37637572,66019,3760.034
Pinewood * Ivan Dunleavy (ce)17 Apr 15127,884375479,565127,8840.223
Pinewood * James Christian17 Apr 1519,37637572,66029,3760.051
Pinewood * Nicholas Smith17 Apr 1589,131375334,24189,1310.155
Prospex Oil & Gas *William Smith16 Apr 151,639,3443.0550,0001,639,3444.025
Prospex Oil & Gas *Edward Dawson (ce)16 Apr 151,639,3443.0550,0001,639,3444.025
Prospex Oil & Gas *Gavin Burnell16 Apr 15820,0003.0525,010820,0002.013
Prospex Oil & Gas *Richard Mays16 Apr 151,311,4743.0540,0001,311,4743.220
Sierra Rutile Stephen Gill22 Apr 1550,00017.258,62550,0000.010
Sierra Rutile Dr R Lister21 Apr 15250,00017.2443,100660,0000.126
Sierra Rutile Michael Brown21 Apr 1580,00017.2313,784700,1740.134
Smart Metering Systems Paul Dollman (ch)20 Apr 155,000377.418,87015,0000.017
Sopheon Barry Mence (ch)20 Apr 1586,26268.559,0891,119,26215.377
Sopheon Stuart Silcock20 Apr 1526,95768.518,466175,9572.417
Sopheon Dr. Bernard Al20 Apr 158,08768.55,54069,5870.956
Taliesin Property Fund Nigel Le Quesne (ch)20 Apr 151,0002,26522,6505,2000.121
Taliesin Property Fund Philip Burgin17 Apr 157502,239.9016,7997500.017
Telecom Plus Melvin Lawson16 Apr 1546,875800.75375,3522,136,7442.666
Telecom Plus Nick Schoenfeld (cfo)16 Apr 156,250800.7550,0476,2500.008
Telecom Plus Julian Schild16 Apr 1531,250800.75250,234189,9320.237
Telecom Plus Michael Pavia16 Apr 1510,000800.7580,07536,3910.045
Telecom Plus Charles Wigoder (ch)16 Apr 1546,875800.75375,35213,005,55816.224
Walker Crips ♥ Lim Hua Min21 Apr 15442,76644.01194,8619,530,26625.392
Woodford Patient Capital Trust * Steven Harris21 Apr 1545,07710045,07795,0770.012
Woodford Patient Capital Trust * Susan Searle (ch)21 Apr 1536,06210036,06276,0620.010
Woodford Patient Capital Trust * Dr. Louise Makin21 Apr 1513,52310013,52328,5230.004
Woodford Patient Capital Trust * Scott Brown21 Apr 1524,34110024,34151,3410.006
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Beazley Martin Bride (fd)20 Apr 157,200286.820,650321,4000.062
Beazley ♥Martin Bride (fd)20 Apr 157,200286.820,650328,6000.063
Bioventix Peter Harrison (ce)16 Apr 1597,000800776,000664,17613.150
Bioventix ♥Peter Harrison (ce)16 Apr 153,00080024,000661,17613.090
Central Asia Metals ΩNigel Hurst-Brown (ch)22 Apr 15250,543175438,450694,0650.622
City of London Investment  Barry Olliff (ce)17 Apr 15250,000350875,0002,630,0009.787
Crest NicholsonStephen Stone (ce)20 Apr 15600,000439.862,639,1604,067,6031.617
GKN Richard Parry-Jones 20 Apr 1510,000365.00236,50010,0000.001
Hill & Smith Mark Pegler (fd)17 Apr 159,900692.568,55884,8300.109
IMI Douglas Hurt16 Apr 1576,1321,279973,728109,2900.040
IMI ♥Douglas Hurt16 Apr 1538,3381,279490,34370,9520.026
IMI ♥ Douglas Hurt16 Apr 153,0301,27738,69367,9220.025
NetDimensionsRoger Durn (ch)20 Apr 1531,0008024,800101,0000.260
Nichols Peter Nichols (ch)20 Apr 1530,0001,190357,0002,000,0005.410
SuperGroup James Holder17 Apr 15182,813990.761,811,2429,667,19011.937
Wetherspoon (JD) Su Cacioppo20 Apr 156,347764.548,52347,9420.039
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust