Between them, two principal insiders at John Laing (JLG) shelled out around £293,000 to bump up their personal holdings in the UK infrastructure investment group. The acquisitions by John Laing's chief executive Olivier Brousse and chairman Dr Philip Nolan came on the same day that the group released a broadly positive pre-close update to the market.
IC TIP:
Buy
at
209p
Total investment commitments now stand at £170m, which is at the upper end of guidance announced at the interim results stage, with realisations on investments approaching the full-year target. Major projects under construction are progressing according to schedule, including the ongoing testing programme on the UK rail network for Phase 1 of the Intercity Express Programme.
Once best known as a pure construction play, John Laing is now focused on investments in transport, public private partnerships (PPP), as well as environmental infrastructure projects. Arguably, this lends a slightly more defensive quality to the investment case for the group.
| Buys | |||||||
| Company | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Advanced Oncotherapy | Michael Bradfield | 16 Dec 15 | 750,000 | 5.5 | 41,250 | 122,768,510 | 8.656 |
| Aldermore ♥ | David Monks (ce) | 11 Dec 15 | 40,000 | 217 | 86,800 | 3,462,693 | 1.004 |
| Aurora Investment Trust | Richard Martin | 14 Dec 15 | 20,000 | 156 | 31,200 | 30,100 | 0.290 |
| Capital Gearing Trust | Alastair Laing | 11 Dec 15 | 6,000 | 3,272 | 196,320 | 11,573 | 0.391 |
| Cenkos Securities | Jim Durkin (ce) | 15 Dec 15 | 25,000 | 165 | 41,250 | 4,908,663 | 8.658 |
| Datatec | JP Montanana (ce) | 15 Dec 15 | 75,000 | 225.25 | 168,936 | 75,000 | 0.036 |
| DP Poland | Chris Moore | 14 Dec 15 | 440,000 | 22.5 | 99,000 | 1,655,333 | 1.271 |
| Eastern European Property Fund | Martin Adams (ch) | 11 Dec 15 | 200,000 | 50.15 | 100,300 | 200,000 | 1.286 |
| Eco Animal Health ♥ | Peter Lawrence (ch) | 15 Dec 15 | 20,000 | 310 | 62,000 | 11,413,176 | 17.878 |
| Epistem Holdings | John Rylands (fd) | 16 Dec 15 | 20,749 | 120 | 24,899 | 218,773 | 2.071 |
| Epistem Holdings | Dr. Allan Brown | 16 Dec 15 | 20,749 | 120 | 24,899 | 23,461 | 0.222 |
| Epistem Holdings | Dr. Ian Gilham (ch & ce) | 16 Dec 15 | 20,500 | 120 | 24,600 | 20,500 | 0.194 |
| Fidessa | Ron Mackintosh | 15 Dec 15 | 10,000 | 1,899 | 189,900 | 11,000 | 0.029 |
| G4S | Paul Spence | 16 Dec 15 | 10,000 | 214.56 | 21,456 | 20,000 | 0.001 |
| Gresham Computing ♥ | MME Royde | 15 Dec 15 | 160,000 | 103 | 164,800 | 6,779,664 | 10.715 |
| Howden Joinery ♥ | Mark Robson | 11 Dec 15 | 7,056 | 518.8 | 36,607 | 1,879,589 | 0.292 |
| International Personal Finance | Gerard Ryan (ce) | 11 Dec 15 | 100,000 | 292 | 292,000 | 541,294 | 0.245 |
| John Laing | Olivier Brousse (ce) | 14 Dec 15 | 45,000 | 202 | 90,900 | 96,282 | 0.026 |
| John Laing | Dr. Philip Nolan (ch) | 11 Dec 15 | 100,000 | 202.25 | 202,250 | 110,256 | 0.030 |
| KEFI Minerals * | Harry Anagnostaras-Adams (ch) | 11 Dec 15 | 16,666,667 | 0.3 | 50,000 | 90,508,334 | 3.452 |
| KEFI Minerals * | John Leach (fd) | 11 Dec 15 | 8,333,333 | 0.3 | 25,000 | 11,364,583 | 0.433 |
| KEFI Minerals * | Jeffrey Rayner | 11 Dec 15 | 6,666,667 | 0.3 | 20,000 | 21,342,750 | 0.814 |
| Lenta † | Jago Lemmens (cfo) | 10 Dec 15 | 5,200 | 456 | 23,712 | 362,525 | 0.075 |
| Majedie Investments | David Henderson | 11 Dec 15 | 20,000 | 269 | 53,800 | 24,700 | 0.046 |
| Northern Petroleum * | Jon Murphy (ch) | 10 Dec 15 | 1,000,000 | 3 | 30,000 | 1,425,220 | 0.959 |
| Paragon Entertainment Ω | Mark Taylor (ch) | 16 Dec 15 | 5,500,000 | 1.631 | 89,705 | 10,526,961 | 5.609 |
| Pure Wafer | Stephen Boyd | 11 Dec 15 | 40,000 | 188 | 75,200 | 1,540,811 | 5.446 |
| Record | Jane Tufnell | 15 Dec 15 | 150,000 | 28.5 | 42,750 | 150,000 | 0.068 |
| Royal Mail | Peter Long (ch) | 16 Dec 15 | 50,000 | 444 | 222,000 | 50,000 | 0.005 |
| S & U | Anthony Coombs (ch) | 10 Dec 15 | 1,000 | 2,405 | 24,050 | 1,335,027 | 11.217 |
| Standard Chartered * | Mike Rees | 11 Dec 15 | 76,784 | 465 | 357,046 | 345,531 | 0.011 |
| Standard Chartered * | Andy Halford (fd) | 11 Dec 15 | 31,299 | 465 | 145,540 | 140,849 | 0.004 |
| Standard Chartered * | Sir John Peace (ch) | 11 Dec 15 | 52,666 | 465 | 244,897 | 236,999 | 0.007 |
| Standard Chartered * | Bill Winters (ce) | 11 Dec 15 | 65,438 | 465 | 304,287 | 294,473 | 0.009 |
| Stellar Diamonds * | Karl Smithson (ce) | 10 Dec 15 | 364,123 | 6.55 | 23,850 | 508,496 | 1.971 |
| Stellar Diamonds * | Lord Daresbury (ch) | 10 Dec 15 | 330,280 | 6.55 | 21,633 | 538,936 | 2.089 |
| Symphony International Holdings | Sunil Chandiramani | 11 Dec 15 | 100,000 | 65 | 65,000 | 17,202,877 | 3.258 |
| Treatt | Tim Jones (ch) | 10 Dec 15 | 15,191 | 164 | 24,913 | 91,068 | 0.176 |
| Volta Finance | Paul Meader (ch) | 14 Dec 15 | 4,200 | 627.98 | 26,375 | 17,349 | 0.048 |
| Volta Finance | Paul Varotsis | 15 Dec 15 | 5,000 | 620 | 31,000 | 151,088 | 0.420 |
| Westmount Energy * | Gerard Walsh (ch) | 11 Dec 15 | 2,000,000 | 4 | 80,000 | 3,100,000 | 13.735 |
| Westmount Energy * | Thomas O'Gorman | 14 Dec 15 | 2,000,000 | 4 | 80,000 | 3,100,000 | 13.735 |
| Wincanton | Stewart Oades | 16 Dec 15 | 19,367 | 200.28 | 38,788 | 19,367 | 0.016 |
| WPP | Roberto Quarta (ch) | 14 Dec 15 | 5,800 | 1,473 | 85,434 | 19,000 | 0.001 |
| Sells | |||||||
| Company | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Alliance Trust ♥ | Katherine Garrett-Cox (ce) | 11 Dec 15 | 305,683 | 493 | 1,507,017 | 446,974 | 0.085 |
| Gamma Communications | Andrew Stone | 15 Dec 15 | 50,000 | 414 | 207,000 | 3,650,000 | 4.044 |
| GW Pharmaceuticals | Tom Lynch | 10 Dec 15 | 4,270 | 451 | 19,258 | 52,074 | 0.020 |
| Impellam | Derek O'Neill | 11 Dec 15 | 300,000 | 800 | 2,400,000 | 446,089 | 0.899 |
| LivaNova | Daniel Moore (ch) | 15 Dec 15 | 2,500 | 5,396.92 | 134,923 | 68,437 | 0.140 |
| MJ Gleeson | CHB Mills | 11 Dec 15 | 615,000 | 538.67 | 3,312,821 | 11,440,000 | 21.138 |
| Mulberry | Roger Mather (fd) | 16 Dec 15 | 59,000 | 913.5 | 538,965 | 24,383 | 0.041 |
| Novae | David Henderson | 10 Dec 15 | 29,555 | 861.5 | 254,616 | 6,000 | 0.009 |
| Qannas Investments * | Jassim Alseddiqi Alansaari | 10 Dec 15 | 243,665 | 95 | 231,482 | 7,620,356 | 9.905 |
| Qannas Investments * | Mustafa Kheriba | 10 Dec 15 | 78,040 | 95 | 74,138 | 531,278 | 0.691 |
| Scapa | Richard Perry | 11 Dec 15 | 50,000 | 205.5 | 102,750 | 300,000 | 0.200 |
| * placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust †depositary receipts | |||||||
