Directors tempted to cash out can leave their peers picking up the pieces. Roddy Murray, finance director of set-top-box maker Pace (PIC), spent £105,000 on 30,000 of Pace’s shares this week - raising his stake by nearly a third - even after chief executive Michael Pulli sold 50,000 shares or about 8 per cent of his holdings in April.
Mr Murray’s move may seek to renew investors' confidence in Pace, whose shares have slumped nearly a fifth to 380p since the all-time high in March. That may be due to a mixed trading performance last year: its North American sales climbed 17 per cent, but that was offset by declines across Europe, Asia, Australasia and Africa. A recent trading update also revealed that revenues so far this year are down, but that management nonetheless expects them to grow by 9 per cent to $2.7bn (£1.6bn) for the full 12 months.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aquarius Platinum | Timothy Freshwater | 05 May 14 | 75,988 | 20.75 | 15,766 | 84,777 | 0.006 |
Aquarius Platinum | Timothy Freshwater | 06 May 14 | 176,243 | 20.91 | 36,857 | 261,020 | 0.018 |
Aquarius Platinum | Timothy Freshwater | 07 May 14 | 214,813 | 20.67 | 44,407 | 475,833 | 0.032 |
Aquarius Platinum | Timothy Freshwater | 07 May 14 | 500,000 | 20.62 | 103,100 | 975,833 | 0.067 |
Babcock International * | Archie Bethel | 07 May 14 | 22,060 | 790 | 174,274 | 209,432 | 0.042 |
Babcock International * | Archie Bethel | 07 May 14 | 19,893 | 790 | 157,155 | 229,325 | 0.046 |
Babcock International * | Archie Bethel | 06 May 14 | 25,798 | 790 | 203,804 | 262,063 | 0.052 |
Babcock International * | Bill Tame (fd) | 07 May 14 | 1,567 | 790 | 12,379 | 526,929 | 0.105 |
Babcock International * | Bill Tame (fd) | 07 May 14 | 47,064 | 790 | 371,806 | 410,062 | 0.082 |
Babcock International * | Bill Tame (fd) | 07 May 14 | 25,500 | 790 | 201,450 | 435,562 | 0.087 |
Babcock International * | John Davies | 07 May 14 | 7,293 | 790 | 57,615 | 26,255 | 0.005 |
Babcock International * | Justin Crookenden | 07 May 14 | 2,677 | 790 | 21,148 | 14,324 | 0.003 |
Babcock International * | Justin Crookenden | 07 May 14 | 1,802 | 790 | 14,236 | 16,126 | 0.003 |
Babcock International * | Kevin Thomas | 07 May 14 | 10,004 | 790 | 79,032 | 178,154 | 0.036 |
Babcock International * | Kevin Thomas | 07 May 14 | 51,735 | 790 | 408,707 | 229,889 | 0.046 |
Babcock International * | Peters Rogers (ce) | 07 May 14 | 342,168 | 790 | 2,703,127 | 1,231,807 | 0.246 |
Coal of Africa | Michael Meeser (cfo) | 06 May 14 | 300,000 | 4.53 | 13,590 | 600,000 | 0.057 |
GLI Finance | James Carthew | 02 May 14 | 15,000 | 59.22 | 8,883 | 250,000 | 0.178 |
Hangar8 | Dustin Dryden (ce) | 07 May 14 | 80,000 | 210 | 168,000 | 2,846,933 | 29.882 |
Hangar8 | George Rolls | 07 May 14 | 50,000 | 210 | 105,000 | 99,565 | 1.045 |
Home Retail ♥ | John Coombe (ch) | 01 May 14 | 6,635 | 206.2 | 13,681 | 125,410 | 0.015 |
Kofax | Chris Conway | 01 May 14 | 10,000 | 453 | 45,300 | 320,000 | 0.347 |
Kofax | Joe Rose | 07 May 14 | 8,000 | 402.38 | 32,190 | 110,000 | 0.119 |
Modern Water | Michael Gradon | 02 May 14 | 300,000 | 29.5 | 88,500 | 1,246,518 | 1.568 |
Numis Corp | Gerald Corbett (ch) | 07 May 14 | 30,000 | 300 | 90,000 | 30,000 | 0.026 |
Pace | Roddy Murray (cfo) | 06 May 14 | 30,000 | 349.9 | 104,970 | 130,000 | 0.041 |
Pendragon | Melvyn Egglenton (ch) | 07 May 14 | 55,252 | 31.5 | 17,404 | 255,252 | 0.018 |
PureCircle | Paul Selway-Swift (ch) | 06 May 14 | 2,300 | 602 | 13,846 | 202,300 | 0.123 |
SciSys | Klaus Heidrich (ce) | 06 May 14 | 50,000 | 92.75 | 46,375 | 50,000 | 0.172 |
Serco | Alastair Lyons (ch) | 02 May 14 | 29,000 | 344.96 | 100,038 | 62,600 | 0.011 |
Serco | Rupert Soames (ce) | 02 May 14 | 242,000 | 354.30 | 857,406 | 242,000 | 0.044 |
Silence Therapeutics * | Ali Mortazavi (ce) | 06 May 14 | 129,399 | 230 | 297,618 | 1,777,399 | 3.418 |
Silence Therapeutics * | Tim Freeborn (fd & cs) | 06 May 14 | 10,000 | 230 | 23,000 | 14,000 | 0.027 |
Sinclair IS Pharma | Stuart Swanson | 01 May 14 | 320,226 | 30.67 | 98,219 | 4,855,854 | 0.976 |
Sinclair IS Pharma | Stuart Swanson | 07 May 14 | 319,146 | 30.5 | 97,340 | 9,200,000 | 1.850 |
Sinclair IS Pharma * | Jean-Charles Tschudin | 01 May 14 | 500,000 | 32 | 160,000 | 2,000,117 | 0.402 |
Sinclair IS Pharma * | Stuart Swanson | 01 May 14 | 3,125,000 | 32 | 1,000,000 | 7,980,854 | 1.604 |
Snoozebox Holdings * | David Morrison (ch) | 07 May 14 | 1,000,000 | 10 | 100,000 | 3,000,000 | 1.416 |
Snoozebox Holdings * | Lorcan Murchu (ce & cs) | 07 May 14 | 1,000,000 | 10 | 100,000 | 2,104,000 | 0.993 |
Snoozebox Holdings * | Richard Davies | 07 May 14 | 150,000 | 10 | 15,000 | 391,600 | 0.185 |
Snoozebox Holdings * | Stephen East | 07 May 14 | 250,000 | 10 | 25,000 | 354,000 | 0.167 |
SThree | Nadhim Zahawi | 01 May 14 | 24,058 | 404.5 | 97,315 | 43,228 | 0.035 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
CLS Holdings* | Thomas Lundqvist | 02 May 14 | 1,356 | 1,495 | 20,272 | 78,644 | 0.179 |
CLS Holdings* | Thomas Thomson | 02 May 14 | 1,399 | 1,495 | 20,915 | 81,149 | 0.185 |
CLS Holdings* ♥ | Sten Mortstedt (ch) | 02 May 14 | 381,218 | 1,495 | 5,699,209 | 22,140,282 | 50.372 |
Good Energy | Garry Peagam | 02 May 14 | 20,000 | 253 | 50,600 | 100,000 | 0.682 |
Good Energy ♥ | Garry Peagam | 02 May 14 | 20,000 | 253 | 50,600 | 80,000 | 0.545 |
*Placing/tender/open offer ♥Spouse/connected party |