Kingspan's (KGP) leveraged business model meant that the insulation specialist performed rather well in 2016. So whereas revenue grew by 12 per cent, trading profits were up by a third. Favourable raw material costs also helped to lift operating margins from 9.2 per cent to 11 per cent. However, the outlook is less rosy because raw material costs are rising just at the time when demand for insulated panels in the US is slowing. Trading elsewhere has been patchy, with solid growth in the UK despite the referendum result, weakness in eastern Europe but offset by a good performance in France and the Netherlands. Chairman Eugene Murtagh, now 73 years old, recently sold 1m shares at €30 (£25.97) each, although that still leaves him holding more than 29m shares.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
1Spatial | Andy Roberts (ch) | 16 Mar 17 | 2,000,000 | 3.0563 | 61,126 | 2,000,000 | 0.271 |
1Spatial | Andy Roberts (ch) | 21 Mar 17 | 1,100,000 | 3.5 | 38,500 | 3,100,000 | 0.420 |
Abcam | Gavin Wood (cfo) | 17 Mar 17 | 5,815 | 842.63 | 48,999 | 6,272 | 0.003 |
Abcam | Murray Hennessy (ch) | 20 Mar 17 | 5,922 | 847.0863 | 50,164 | 43,245 | 0.021 |
Abcam | Alan Hirzel (ceo) | 17 Mar 17 | 6,000 | 839.5 | 50,370 | 43,931 | 0.022 |
Abcam | Alan Hirzel (ceo) | 22 Mar 17 | 6,000 | 809 | 48,540 | 49,931 | 0.025 |
Abcam | Mara Aspinall | 20 Mar 17 | 2,370 | 848.8462 | 20,118 | 3,418 | 0.002 |
Aviva | Andrew Briggs | 22 Mar 17 | 6,562 | 530.5 | 34,811 | 229,649 | 0.006 |
Aviva♥ | Andrew Briggs | 22 Mar 17 | 11,438 | 531.4 | 60,782 | 241,087 | 0.006 |
Bacanora Minerals | James Strauss | 16 Mar 17 | 27,000 | 79 | 21,330 | 27,000 | 0.024 |
Bacanora Minerals | James Strauss | 20 Mar 17 | 33,000 | 82.5 | 27,225 | 60,000 | 0.054 |
BlackRock World Mining Trust | Ian Cockerill (ch) | 17 Mar 17 | 4,000 | 362.625 | 14,505 | 40,789 | 0.023 |
Bodycote | Patrick Larmon | 16 Mar 17 | 5,000 | 820.75 | 41,038 | 5,000 | 0.003 |
CRH | Lucinda Riches | 16 Mar 17 | 3,000 | 2843 | 85,290 | 5,000 | 0.001 |
EKF Diagnostics Holdings♥ | Christopher Mills (ch) | 20 Mar 17 | 8,000,000 | 19.5 | 1,560,000 | 138,000,000 | 29.725 |
Eagle Eye Solutions | William Currie | 16 Mar 17 | 275,000 | 144.5 | 397,375 | 2,615,385 | 11.799 |
Eagle Eye Solutions | William Currie | 17 Mar 17 | 25,000 | 144.5 | 36,125 | 2,640,385 | 11.912 |
Eagle Eye Solutions | Terry Leahy | 16 Mar 17 | 275,000 | 144.5 | 397,375 | 1,952,030 | 8.806 |
Eagle Eye Solutions | Terry Leahy | 17 Mar 17 | 25,000 | 144.5 | 36,125 | 1,977,030 | 8.919 |
Electrocomponents | Peter Johnson (ch) | 17 Mar 17 | 3,000 | 494 | 14,820 | 159,400 | 0.036 |
Great Portland Estates | Richard Mully | 22 Mar 17 | 20,000 | 635 | 127,000 | 20,000 | 0.006 |
Hansard Global | Timothy Davies (cfo) | 17 Mar 17 | 23,000 | 88.6875 | 20,398 | 23,000 | 0.017 |
Haynes Publishing | Alex Kwarts | 16 Mar 17 | 15,000 | 156 | 23,400 | 15,000 | 0.099 |
Inchcape | Jerry Buhlmann | 16 Mar 17 | 15,000 | 803 | 120,450 | 15,000 | 0.004 |
North Atlantic Smaller Companies Inv Trust | Christopher Mills (ceo) | 21 Mar 17 | 24,000 | 2,500 | 600,000 | 3,664,000 | 25.399 |
Pets at Home | Michael Iddon (cfo) | 16 Mar 17 | 13,536 | 184.4 | 24,960 | 13,536 | 0.003 |
Pets at Home | Michael Iddon (cfo) | 17 Mar 17 | 32,460 | 184.2 | 59,791 | 45,996 | 0.009 |
Phoenix Holdings | Wendy Mayall | 21 Mar 17 | 8,000 | 795 | 63,600 | 18,000 | 0.005 |
Real Estate Investors | Marcus Daly (fd) | 22 Mar 17 | 100,000 | 58 | 58,000 | 1,640,000 | 0.880 |
Real Estate Investors | Paul Bassi (ceo) | 22 Mar 17 | 100,000 | 58 | 58,000 | 10,120,000 | 5.429 |
SThree | Denise Collis | 20 Mar 17 | 5,000 | 312.125 | 15,606 | 5,000 | 0.004 |
SafeCharge International | Yuval Ziv | 22 Mar 17 | 5,095 | 235 | 11,973 | 5,095 | 0.003 |
Segro | Soumen Das (cfo) | 17 Mar 17 | 7,268 | 452.6561 | 32,899 | 16,322 | 0.002 |
Segro♥ | Soumen Das (cfo) | 17 Mar 17 | 8,000 | 455.5 | 36,440 | 24,322 | 0.003 |
Segro | Soumen Das (cfo) | 17 Mar 17 | 9,054 | 452.8 | 40,997 | 9,054 | 0.001 |
Speedy Hire | David Shearer | 20 Mar 17 | 50,000 | 49 | 24,500 | 150,000 | 0.029 |
Spirax-Sarco Engineering | Jane Kingston | 16 Mar 17 | 1,080 | 4786.5398 | 51,695 | 1,080 | 0.001 |
Telit Communications | Oozi Cats (ceo) | 22 Mar 17 | 10,000 | 319 | 31,900 | 22,972,219 | 19.833 |
XLMedia | Ory Weihs (ceo) | 16 Mar 17 | 110,000 | 111 | 122,100 | 2,566,667 | 1.281 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Billington Holdings | John Gordon | 21 Mar 17 | 40,000 | 225 | 90,000 | 307,270 | 2.376 |
Cropper (James)♥ | Phil Wild (ceo) | 22 Mar 17 | 20,000 | 1,400 | 280,000 | 0 | 0.000 |
Dechra Pharmaceuticals | Anthony Griffin | 21 Mar 17 | 3,500 | 1,676 | 58,660 | 64,320 | 0.069 |
Eagle Eye Solutions | Steve Rothwell | 16 Mar 17 | 100,000 | 144.5 | 144,500 | 1,511,672 | 6.820 |
Equiniti | John Stier (cfo) | 20 Mar 17 | 115,000 | 195.4 | 224,710 | 333,910 | 0.111 |
Hochschild Mining♥ | Eduardo Hochschild (ch) | 17 Mar 17 | 15,500,000 | 270 | 41,850,000 | 258,565,373 | 50.976 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 70,000 | 424.53 | 297,171 | 2,147,469 | 0.340 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 70,000 | 424.55 | 297,185 | 2,077,469 | 0.329 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 80,000 | 426.03 | 340,824 | 1,997,469 | 0.317 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 90,000 | 425.37 | 382,833 | 1,167,469 | 0.185 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 90,000 | 425.56 | 383,004 | 1,907,469 | 0.302 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 150,000 | 425.11 | 637,665 | 1,017,469 | 0.161 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 150,000 | 425.32 | 637,980 | 1,257,469 | 0.199 |
Howden Joinery♥ | Mark Robson (cfo) | 16 Mar 17 | 500,000 | 425.15 | 2,125,750 | 1,407,469 | 0.223 |
Kingspan | Eugene Murtagh (ch) | 20 Mar 17 | 1,000,000 | 2,604.5 | 26,045,000 | 29,018,000 | 16.290 |
SThree | Justin Hughes | 17 Mar 17 | 7,000 | 310.8 | 21,756 | 243,898 | 0.188 |
SThree | Justin Hughes | 20 Mar 17 | 10,000 | 307 | 30,700 | 233,898 | 0.180 |
SThree | Justin Hughes | 21 Mar 17 | 81,250 | 310.4956 | 252,278 | 152,648 | 0.118 |
Taptica International | Hagai Tal (ceo) | 20 Mar 17 | 50,000 | 300 | 150,000 | 11,025,509 | 18.240 |
*Placing/tender/open offer ♥Spouse/connected party |