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MJ Gleeson director in share sale

But there are no worries about Gleeson, where business is booming.
July 1, 2015

Harwood Capital LLP, to which Mr Christopher Mills, a director at MJ Gleeson (GLE) is a beneficiary, has sold 1m shares in the housing and land developer for 440p each. After the sale Harwood Capital still retains over 12m shares or just over 22 per cent of the issued share capital.

IC TIP: Buy at 462p

The sale came just a week ahead of Gleeson announcing another land sale. Following a sale last month of a 12.5-acre site in Sussex for the development of 75 homes, the group has also secured the sale of a further 18 acre site in Staffordshire, which has planning consent to build 140 homes.

Both these sales have been secured without any conditions to satisfy and will both be included in the financial year that ended on 30 June. Consequently, pre-tax profits are expected to be significantly ahead of previous estimates. A trading update is due for release today - 3 July.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberforth Smaller Companies Trust Paula Hay-Plumb19 Jun 158001,1769,4081,6000.002
Belgravium Technologies Ian Martin (ch)19 Jun 153,050,0005.25160,1253,050,0003.022
Brewin Dolphin Holdings Kath Shailer18 Jun 152,500294.487,3622,5000.001
CloudBuy Patrick Broughton24 Jun 15100,00024.524,500770,9090.625
CloudBuy David Gibbon (cfo)18 Jun 1580,00025.67520,54080,0000.065
Computacenter Philip Yea24 Jun 158,000741.3559,3088,0000.007
Darty Albin Jacquemont (fd)23 Jun 1520,0006713,40040,0000.008
Darty Albin Jacquemont (fd)22 Jun 1520,0006613,20020,0000.004
DDD  Dr. Sanji Arisawa18 Jun 15500,000315,0002,489,2001.498
Drax  Phil Cox (ch)22 Jun 1560,000364218,40060,0000.015
Green REIT Jerome Kennedy22 Jun 1510,00014914,90010,0000.001
Helios Underwriting ΩJeremy Evans18 Jun 1526,00216542,90352,0040.581
Hornby David Adams18 Jun 1510,000959,50010,0000.026
Hornby Charlie Caminada18 Jun 1510,000959,50032,3250.083
Hornby ♥Roger Canham (ch)18 Jun 152,220,0001002,220,0008,477,32321.646
Hornby ♥Roger Canham (ch)22 Jun 152,745,526952,608,25011,222,84928.656
HSS Hire  Alan Peterson (ch)19 Jun 1529,01617350,198937,2170.606
KEFI Minerals *Harry Anagnostaras-Adams (ch)19 Jun 1525,000,0000.8200,00081,966,6674.699
KEFI Minerals *Norman Ling19 Jun 15781,2500.86,250781,2500.045
KEFI Minerals *John Leach (fd)19 Jun 15781,2500.86,2503,031,2500.174
KEFI Minerals *Jeffrey Rayner19 Jun 154,687,5000.837,50012,070,8330.692
Liontrust Asset Management George Yeandle18 Jun 1510,00030030,00010,0000.022
Lookers Nigel McMinn19 Jun 1550,000159.9479,970160,0000.041
Marshall Motor Holdings Christopher Sawyer23 Jun 1580,270185148,500214,4980.278
Marshall Motor Holdings Peter Johnson (ch)24 Jun 1516,10018529,785150,3280.195
Nature  Bill McCall24 Jun 15100,0001515,000100,0000.126
NetPlay TV Andrew Lapping18 Jun 15175,0008.414,7003,790,1841.278
Oxford BioMedica ♥Martin Diggle18 Jun 15225,0007.97417,942450,225,00017.528
Pendragon Christopher Chambers19 Jun 15240,00038.35492,051240,0000.016
Personal Group Holdings Michael Dugdale (cfo)23 Jun 152,843535.4615,22313,4080.044
Polypipe  Ron Marsh (ch)18 Jun 15100,000286286,000100,0000.050
Porta Communications Raymond McKeeve24 Jun 151,097,3469.199,8584,347,3461.568
Poundland ♥  Darren Shapland (ch)19 Jun 1537,500316.2118,57565,0000.026
ProVen Growth & Income VCT James Stewart22 Jun 1515,89781.2512,91623,0000.026
Publishing Technology Neil Kirton24 Jun 1525,00013533,75025,0000.153
Rightster * David Mathewson23 Jun 1566,6661812,000106,6660.048
Rightster * Mark Lieberman (ch)23 Jun 1566,6661812,00066,6660.030
Rightster * Niall Dore (cfo)23 Jun 15166,6661830,000166,6660.075
Rightster * Patrick Walker (ce)23 Jun 15255,5551846,000255,5550.115
Scotgold Resources Richard Gray22 Jun 152,912,9460.5816,8952,912,9460.257
Summit Therapeutics David Wurzer18 Jun 157,500147.04611,0287,5000.012
Swallowfield ♥Chris How (ce)23 Jun 1510,00011411,40060,0000.531
Thalassa Holdings Duncan Soukup (ch)22 Jun 15200,00058116,0003,362,57113.632
Ultra Electronics Holdings John Hirst 24 Jun 152,0001,86237,2402,0000.003
Urals Energy Andrew Shrager (ch)22 Jun 15365,0003.77613,782890,0000.353
Urals Energy Andrew Shrager (ch)23 Jun 15200,5003.57,0181,090,5000.432
Utilitywise Jeremy Middleton 19 Jun 15703,603265.451,867,7143,287,5594.292
Waterman Ω  Michael Baker (ch)18 Jun 1526,00073.419,08426,0000.085

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Alliance Pharma Anthony Booley23 Jun 151,155,00037427,3502,055,7230.777
Alliance Pharma Anthony Booley23 Jun 151,000,00037370,0003,310,7231.252
Bank of Georgia Holdings Nikoloz Gamkrelidze22 Jun 1515,9151,873298,08846,2500.117
Belgravium Technologies John Kembery19 Jun 157,500,0005.25393,7501,711,2691.695
Earthport Hank Uberoi (ce)23 Jun 15142,3294361,20125,920,1215.441
Intermediate Capital  Christopher Evain (ce)24 Jun 1525,000575.8143,9501,656,7940.436
Masawara ♥Shingai Mutasa19 Jun 15200,00051102,00062,958,37351.158
MJ Gleeson ♥Christopher Mills22 Jun 151,000,0004404,400,00012,055,00022.450
Powerflute OyjDermot Smurfit19 Jun 1550,00066.733,3501,453,0560.511
Powerflute OyjDermot Smurfit22 Jun 15203,05466134,0161,250,0020.440
Thorntons Barry Bloomer23 Jun 1514,486144.56520,94220,5980.030
Workspace  Graham Clemett (cfo)22 Jun 1510,00087987,900167,1970.104
Workspace  Graham Clemett (cfo)22 Jun 1594,130879827,403177,1970.110
* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust