Two months ago, Brammer's (BRAM) chief executive Ian Fraser was asking institutions to buy shares in a placing. Now he's selling. Mr Fraser, a member of the industrial parts distributor's board since 1998, sold almost a third of his holding at the end of May at a price of 479.46p a share. Perhaps he was tempted by the fact that the shares are bobbing along at their highest levels since 2001.
That strong share price performance is, at least in part, due to Mr Fraser's proactive measures to hunt down growth in what remains a patchy European macroeconomic recovery. In January, Brammer snapped up Scandinavian distribution business Lonne for a consideration of up to £46m.
Then, in April, the group announced a £54m share placing to fund further acquisition ambitions. Brammer said it had signed letters of intent with a number of potential bolt-on targets across Europe and expected to have deployed most of the placing proceeds within 12 months.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| African Barrick Gold | Rachel English | 03 Jun 14 | 17,383 | 215 | 37,373 | 17,383 | 0.004 |
| Aminex | Keith Phair | 04 Jun 14 | 1,400,000 | 1.053 | 14,748 | 7,675,534 | 0.416 |
| Anglo Pacific ♥ | Julian Treger (ce) | 03 Jun 14 | 75,000 | 184 | 138,000 | 1,305,768 | 1.178 |
| Anglo Pacific ♥ | Michael Blyth (ch) | 03 Jun 14 | 10,600 | 186 | 19,716 | 20,600 | 0.018 |
| Breedon Aggregates | Susie Farnon | 03 Jun 14 | 200,000 | 41.5 | 83,000 | 1,914,365 | 0.188 |
| Breedon Aggregates | Peter Tom (ch) | 03 Jun 14 | 200,000 | 41.5 | 83,000 | 47,941,867 | 4.720 |
| Breedon Aggregates | Rob Wood (fd) | 03 Jun 14 | 100,000 | 41.5 | 41,500 | 100,000 | 0.010 |
| Caffyns | Simon Caffyn (ce) | 03 Jun 14 | 1,850 | 615 | 11,378 | 48,216 | 1.749 |
| Cello | Mark Bentley (fd & cs) | 03 Jun 14 | 15,000 | 87.4 | 13,110 | 238,500 | 0.283 |
| Cineworld ♥ | Moshe Greidinger (ce) | 04 Jun 14 | 1,600,000 | 340 | 5,440,000 | 67,982,694 | 25.774 |
| Cyprotex | Steve Harris | 03 Jun 14 | 400,000 | 6.4 | 25,600 | 2,005,142 | 0.894 |
| Eland Oil & Gas | Ian Blair (ce) | 03 Jun 14 | 80,000 | 109.3 | 87,440 | 680,349 | 0.482 |
| Eland Oil & Gas | George Maxwell (cfo) | 03 Jun 14 | 20,000 | 109.9 | 21,980 | 420,000 | 0.297 |
| Gable Holdings | William Dewsall (ce) | 03 Jun 14 | 50,000 | 82 | 41,000 | 24,539,467 | 18.169 |
| Hansard Global | Dr. Leonard Polonsky (ch) | 29 May 14 | 2,000,000 | 90 | 1,800,000 | 56,788,319 | 41.337 |
| Hutchison China Meditech | Christopher Nash | 03 Jun 14 | 4,036 | 842 | 33,983 | 30,542 | 0.059 |
| Orosur Mining | Ignacio Salazar (ce) | 30 May 14 | 150,000 | 14.711 | 22,066 | 523,000 | 0.669 |
| Renovo | Matt Cooper (ch) | 30 May 14 | 3,000,000 | 16 | 480,000 | 4,565,038 | 2.084 |
| Serco | Michael Clasper | 29 May 14 | 28,000 | 373.88 | 104,686 | 28,000 | 0.005 |
| Spirent Communications | Alex Walker (ch) | 29 May 14 | 30,000 | 101.193 | 30,358 | 213,014 | 0.035 |
| Vitec Group (The) | Stephen Bird (ce) | 29 May 14 | 10,000 | 565 | 56,500 | 230,054 | 0.521 |
| Vodafone | Gerard Kleisterlee (ch) | 30 May 14 | 41,000 | 204 | 83,640 | 100,775 | 0.000 |
| Xchanging | David Bauernfeind (cfo) | 30 May 14 | 40,000 | 146 | 58,400 | 439,982 | 0.180 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Avingtrans | Roger McDowell (ch) | 02 Jun 14 | 125,000 | 158 | 197,500 | 2,376,409 | 8.686 |
| Brammer ♥ | Ian Fraser (ce) | 29 May 14 | 400,000 | 479.46 | 1,917,840 | 915,151 | 0.708 |
| Brewin Dolphin Holdings | Stephen Ford | 04 Jun 14 | 62,500 | 319 | 199,375 | 142,611 | 0.052 |
| Brooks Macdonald | Simon Jackson (fd) | 04 Jun 14 | 7,750 | 1,608 | 124,581 | 78,549 | 0.587 |
| Brooks Macdonald ♥ | Andrew Shepherd | 04 Jun 14 | 2,250 | 1,608 | 36,169 | 48,915 | 0.366 |
| BT | Tony Chanmugam (fd) | 02 Jun 14 | 125,000 | 400 | 500,000 | 899,227 | 0.011 |
| Canaccord Genuity | Paul Reynolds (ce) | 04 Jun 14 | 100,000 | 704.847 | 704,847 | 1,095,297 | 1.085 |
| Canaccord Genuity ♥ | Paul Reynolds (ce) | 04 Jun 14 | 43,500 | 704.847 | 306,609 | 1,051,797 | 1.042 |
| Catlin | Benjamin Meuli (cfo) | 04 Jun 14 | 50,000 | 522 | 261,000 | 664,689 | 0.184 |
| Frenkel Topping | Julie Dean (fd & cs) | 02 Jun 14 | 269,982 | 40.5 | 109,343 | 1,180,707 | 1.850 |
| GKN | Andrew Smith | 03 Jun 14 | 100,000 | 389 | 389,000 | 704,089 | 0.043 |
| Origin Enterprises | Brendan Fitzgerald (cfo) | 29 May 14 | 55,000 | 790 | 434,500 | 502,321 | 0.397 |
| Premier Oil | Simon Lockett (ce) | 04 Jun 14 | 800,000 | 346.26 | 2,770,080 | 442,540 | 0.085 |
| Private Equity Investor * | Julian Cazalet | 29 May 14 | 9,651 | 218.546 | 21,092 | 35,347 | 0.239 |
| Produce Investments | Derek Porter | 04 Jun 14 | 4,000 | 286 | 11,440 | 111,020 | 0.419 |
| Serabi Gold | Daniel Kunz | 03 Jun 14 | 5,096,084 | 5.75 | 293,025 | 468,642 | 0.071 |
| Severn Trent † | AJ Ballance | 02 Jun 14 | 582 | 1,973 | 11,483 | 16,180 | 0.007 |
| Severn Trent † | AP Smith | 02 Jun 14 | 747 | 1,973 | 14,738 | 27,061 | 0.011 |
| Severn Trent † | MJ Kane | 02 Jun 14 | 664 | 1,973 | 13,101 | 24,969 | 0.010 |
| Severn Trent † | MJE McKeon (fd) | 02 Jun 14 | 1,226 | 1,973 | 24,189 | 37,595 | 0.016 |
| TT electronics | Tim Roberts | 29 May 14 | 60,000 | 206 | 123,600 | 137,011 | 0.086 |
| Victrex ** | David Hummel (ce) | 03 Jun 14 | 23,409 | 1,800 | 421,362 | 3,039,895 | 3.569 |
| Victrex ** | David Hummel (ce) | 02 Jun 14 | 26,591 | 1,806 | 480,233 | 3,063,304 | 3.596 |
* placing/tender/open offer ♥ spouse/connected party † sold to cover tax liabilities ** to fund charitable donation | |||||||
