Although shares are riding high in British American Tobacco (BATS), the group's proposed acquisition of the remaining stake in Reynolds American (US:RAI) is still shrouded in mystery. The company's globally diverse business model has helped it enormously in volatile currency markets - something that would be enhanced should the deal receive the regulatory green light. It's said that both parties still expect the deal to close by the end of the third quarter in 2017, with Japanese antitrust authorities giving the transaction the thumbs up at the beginning of the month.
IC TIP:
Hold
at
5,305p
The shares - now priced at 5,305p apiece - are trading at a five-year high, but that hasn't stopped non-executive director Savio Kwan almost doubling his holding to the tune of more than £160,000. Mr Kwan joined the BATS board in 2014, having previously worked for General Electric, BTR and Alibaba.
Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aberdeen Diversified Income and Growth Trust | Paul Yates | 11 Apr 17 | 24,506 | 116.5 | 28,549 | 70,000 | 0.021 |
| Advanced Oncotherapy | Enrico Vanni | 12 Apr 17 | 100,000 | 27.5 | 27,500 | 1,023,946 | 1.402 |
| Bluebird Merchant Ventures | Aidan Bishop | 11 Apr 17 | 1,800,000 | 2 | 36,000 | 52,752,500 | 28.520 |
| British American Tobacco | Savio Kwan | 12 Apr 17 | 3,000 | 5376 | 161,280 | 6,148 | 0.000 |
| CC Japan Income & Growth Trust | Peter Wolton | 12 Apr 17 | 10,000 | 132.5874 | 13,259 | 35,000 | 0.042 |
| Chaarat Gold | Martin Wiwen-Nilsson | 12 Apr 17 | 50,000 | 20 | 10,000 | 8,772,023 | 2.494 |
| Chaarat Gold | Martin Wiwen-Nilsson | 12 Apr 17 | 75,000 | 20 | 15,000 | 8,972,023 | 2.550 |
| Chaarat Gold | Martin Wiwen-Nilsson | 12 Apr 17 | 125,000 | 20 | 25,000 | 8,897,023 | 2.529 |
| Elementis | Paul Waterman (ceo) | 6 Apr 17 | 10,000 | 288.3045 | 28,830 | 45,000 | 0.010 |
| Fidelity European Values | Paul Yates | 11 Apr 17 | 10,720 | 195.257 | 20,932 | 32,000 | 0.008 |
| Finsbury Food | Zoe Morgan | 6 Apr 17 | 29,248 | 105.94 | 30,985 | 50,229 | 0.039 |
| Finsbury Food | Zoe Morgan | 7 Apr 17 | 19,799 | 106 | 20,987 | 70,028 | 0.054 |
| Go-Ahead | Adrian Ewer | 7 Apr 17 | 2,864 | 1,736.532 | 49,734 | 3,002 | 0.007 |
| M Winkworth | Dominic Agace (ceo) | 12 Apr 17 | 45,000 | 104 | 46,800 | 597,628 | 4.693 |
| Micro Focus International | Kevin Loosemore (ch) | 11 Apr 17 | 2,898 | 2,509.5 | 72,725 | 701,418 | 0.306 |
| Murray International Trust | David Hardie | 12 Apr 17 | 1,642 | 1,211.88 | 19,899 | 12,509 | 0.010 |
| Oakley Capital Investments | James Keyes | 11 Apr 17 | 20,000 | 154 | 30,800 | 30,000 | 0.015 |
| Oakley Capital Investments | Peter Dubens | 6 Apr 17 | 100,000 | 155 | 155,000 | 1,948,167 | 0.951 |
| Orogen* | Alan Mooney | 10 Apr 17 | 518,443 | 1.5 | 7,777 | 3,703,553 | 1.410 |
| Orogen* | Alan Mooney | 10 Apr 17 | 2,666,667 | 1.5 | 40,000 | 3,703,553 | 1.410 |
| Orogen* | Edward Slowey | 10 Apr 17 | 663,584 | 1.5 | 9,954 | 1,327,168 | 0.505 |
| Orogen* | Michael Nolan | 10 Apr 17 | 540,443 | 1.5 | 8,107 | 3,747,553 | 1.426 |
| Orogen* | Michael Nolan | 10 Apr 17 | 2,666,667 | 1.5 | 40,000 | 3,747,553 | 1.426 |
| Orogen* | Adam Reynolds (ch) | 10 Apr 17 | 348,162 | 1.5 | 5,222 | 6,362,991 | 2.422 |
| Orogen* | Adam Reynolds (ch) | 10 Apr 17 | 5,666,667 | 1.5 | 85,000 | 348,162 | 1.110 |
| Orogen* | Colin Bird | 10 Apr 17 | 400,000 | 1.5 | 6,000 | 2,133,333 | 0.812 |
| Orogen* | Colin Bird | 10 Apr 17 | 1,333,333 | 1.5 | 20,000 | 2,133,333 | 0.812 |
| Orogen* | Mark Collingbourne | 10 Apr 17 | 2,666,667 | 1.5 | 40,000 | 2,666,667 | 1.015 |
| Orogen* | Stevan Metcalfe | 10 Apr 17 | 5,666,667 | 1.5 | 85,000 | 5,666,667 | 2.157 |
| Palace Capital | Neil Sinclair | 6 Apr 17 | 5,000 | 365 | 18,250 | 178,767 | 0.711 |
| Palace Capital | Neil Sinclair | 7 Apr 17 | 5,000 | 365 | 18,250 | 183,767 | 0.731 |
| Personal Assets Trust | Frank Rushbrook | 6 Apr 17 | 130 | 40,721 | 52,937 | 13,493 | 0.693 |
| Personal Assets Trust♥ | Frank Rushbrook | 6 Apr 17 | 130 | 40,721 | 52,937 | 13,623 | 0.700 |
| Personal Assets Trust♥ | Stuart Paul | 7 Apr 17 | 35 | 40,788 | 14,276 | 4,626 | 0.238 |
| Personal Assets Trust | Stuart Paul | 7 Apr 17 | 35 | 40,788 | 14,276 | 4,661 | 0.239 |
| Phoenix | Wendy Mayall | 7 Apr 17 | 7,000 | 724.9 | 50,743 | 25,000 | 0.006 |
| Pittards | Stephen Yapp (ch) | 10 Apr 17 | 25,000 | 80 | 20,000 | 60,231 | 0.434 |
| Schroders♥ | Rakhi Goss-Custard | 6 Apr 17 | 669 | 3,061 | 20,478 | 669 | 0.000 |
| StatPro | Jane Tozer | 7 Apr 17 | 14,813 | 100.5 | 14,887 | 39,565 | 0.061 |
| StatPro♥ | Carl Bacon (ch) | 7 Apr 17 | 50,000 | 100.5 | 50,250 | 879,000 | 1.358 |
| StatPro | David Courtley | 7 Apr 17 | 29,627 | 100.5 | 29,775 | 29,627 | 0.046 |
| StatPro | Rory Curran | 7 Apr 17 | 24,689 | 100.5 | 24,812 | 24,689 | 0.038 |
| Sula Iron & Gold♥ | Iain Macpherson | 12 Apr 17 | 90,473,622 | 0.4 | 361,894 | 128,743,370 | 5.813 |
| Tavistock Investments | Oliver Cooke (ch) | 11 Apr 17 | 800,000 | 2.85 | 22,800 | 26,188,556 | 4.908 |
| Tesco | John Allan (ch) | 12 Apr 17 | 20,000 | 185.54 | 37,108 | 244,349 | 0.003 |
| Tesco | Mark Armour | 12 Apr 17 | 25,000 | 185.36 | 46,340 | 50,000 | 0.001 |
Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Crest Nicholson | Stephen Stone (ceo) | 10 Apr 17 | 400,000 | 550.0708 | 2,200,283 | 3,766,820 | 1.475 |
| Escher | Fionnuala Higgins | 10 Apr 17 | 255,000 | 145 | 369,750 | 1,805,160 | 9.650 |
| Escher | Liam Church (ceo) | 10 Apr 17 | 255,000 | 145 | 369,750 | 1,805,160 | 9.650 |
| Gamma Communications | Andrew Stone | 10 Apr 17 | 100,000 | 515 | 515,000 | 900,500 | 0.979 |
| IDOX♥ | Richard Kellett-Clarke | 7 Apr 17 | 200,000 | 69.02 | 138,040 | 12,373,279 | 3.061 |
| Mid Wynd International Inv Trust♥ | Russell Napier | 6 Apr 17 | 22,000 | 438.2 | 96,404 | 199,325 | 0.640 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
