Patrick Vaughan, chairman of LondonMetric (LMP) and a property industry veteran, sold 1.5m shares at 164p on 1 December. But, we don't think shareholders should be too concerned. Mr Vaughan still holds nearly 14m shares, equivalent to 2.2 per cent of the issued share capital. And LondonMetric is in a strong position to exploit changes in consumer habits.
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As chief executive Andrew Jones has pointed out, clicks are replacing bricks as consumers do more and more of their shopping without leaving the front room. This has sparked a surge in demand for out-of-town distribution centres at a time when a post-recession moratorium on new construction has only recently started to unwind. There is now just 22m sq ft of distribution warehouse space available on the UK market, down from 94m sq ft in 2009.
Having completed a total of 1.9m sq ft of new space in the six months to September - including a 1.1m sq ft distribution centre let to Primark on a 25-year lease - LondonMetric has a further 1.4m sq ft in the development pipeline.
| BUYS | |||||||
|---|---|---|---|---|---|---|---|
| Company name | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| 32Red ♥ | D M Bowen | 27-Nov-15 | 20,200 | 102 | 20,685 | 20,200 | 0.024 |
| ATTRAQT* | E W Ewing | 02-Dec-15 | 48,077 | 52 | 25,000 | 48,077 | 0.178 |
| Aberdeen Asian Smaller Companies Inv Tr | M J Gilbert | 02-Dec-15 | 13,994 | 743 | 104,010 | 106,250 | 0.286 |
| Acal | M M Diamond MBE | 02-Dec-15 | 10,000 | 279 | 27,900 | 10,000 | 0.016 |
| Alcentra European Floating Rate Income Fund | Anne Ewing | 02-Dec-15 | 5,000 | 102 | 5,097 | 5,000 | 0.003 |
| Anglo Pacific ♥ | A H Yadgaroff | 27-Nov-15 | 508 | 64 | 327 | 182,508 | 0.107 |
| Anglo Pacific | A H Yadgaroff | 27-Nov-15 | 1,499 | 64 | 965 | 182,000 | 0.107 |
| Anglo Pacific ♥ | M Blyth (ch) | 26-Nov-15 | 10,000 | 65 | 6,500 | 104,822 | 0.062 |
| Anglo Pacific | J A Treger (ce) | 26-Nov-15 | 20,000 | 64 | 12,700 | 5,496,454 | 3.234 |
| Anglo Pacific | P Meier | 02-Dec-15 | 27,800 | 64 | 17,792 | 120,000 | 0.071 |
| Anglo Pacific ♥ | R H Stan | 01-Dec-15 | 25,000 | 65 | 16,250 | 98,540 | 0.058 |
| Anglo Pacific | Rachel C Rhodes | 02-Dec-15 | 15,000 | 63 | 9,450 | 15,000 | 0.009 |
| Asian Total Return Investment Co | Caroline Hitch | 02-Dec-15 | 10,000 | 194 | 19,350 | 10,000 | 0.014 |
| Atlas Mara# | A J Thakkar | 26-Nov-15 | 2,680 | 565 | 15,142 | 81,700 | 0.116 |
| Atlas Mara# | A J Thakkar | 27-Nov-15 | 1,340 | 570 | 7,638 | 83,040 | 0.118 |
| Atlas Mara# | A J Thakkar | 02-Dec-15 | 2,680 | 566 | 15,169 | 85,720 | 0.121 |
| Atlas Mara# | J Vitalo (ce) | 26-Nov-15 | 3,860 | 565 | 21,809 | 345,684 | 0.489 |
| Atlas Mara# | J Vitalo (ce) | 27-Nov-15 | 1,930 | 570 | 11,001 | 347,614 | 0.492 |
| Atlas Mara# | J Vitalo (ce) | 02-Dec-15 | 3,860 | 566 | 21,848 | 351,474 | 0.498 |
| Atlas Mara# | R E Diamond Jr | 26-Nov-15 | 4,820 | 565 | 27,233 | 1,732,342 | 2.451 |
| Atlas Mara# | R E Diamond Jr | 27-Nov-15 | 2,410 | 570 | 13,737 | 1,734,752 | 2.455 |
| Atlas Mara# | R E Diamond Jr | 02-Dec-15 | 4,820 | 566 | 27,281 | 1,739,572 | 2.463 |
| Avation | R D Mahoney | 01-Dec-15 | 25,000 | 132 | 33,000 | 265,000 | 0.507 |
| Barclays | J E Staley (ce) | 01-Dec-15 | 2,790,000 | 233 | 6,500,700 | 2,790,000 | 0.017 |
| Bellway ♥ | M R Toms | 30-Nov-15 | 500 | 2,571 | 12,855 | 2,000 | 0.002 |
| Brown (N) | A T Higginson (ch) | 30-Nov-15 | 605 | 350 | 2,117 | 97,558 | 0.034 |
| Candover Investments | M J Fallen (ce) | 30-Nov-15 | 2,543 | 215 | 5,467 | 69,065 | 0.317 |
| CloudBuy | P H Broughton | 26-Nov-15 | 200,000 | 6.5 | 12,900 | 1,070,909 | 0.834 |
| Collagen Solutions | M J Gillies | 02-Dec-15 | 438,714 | 9.0 | 39,484 | 1,653,000 | 0.964 |
| Croda International | J K Maiden (fd) | 02-Dec-15 | 1,600 | 2,890 | 46,240 | 3,600 | 0.003 |
| Cropper (James) | M A J Cropper (ch) | 01-Dec-15 | 10,150 | 615 | 62,423 | 1,225,743 | 13.321 |
| De La Rue | J H Sodha (fd) | 30-Nov-15 | 4,839 | 440 | 21,287 | 4,839 | 0.005 |
| Firestone Diamonds | K B Johnson | 26-Nov-15 | 197,997 | 18 | 35,639 | 282,997 | 0.091 |
| Fisher (James) & Sons | C J Rice (ch) | 02-Dec-15 | 2,947 | 1,006 | 29,647 | 22,016 | 0.044 |
| Fundsmith Emerging Equities Trust | D R W Potter | 02-Dec-15 | 204 | 975 | 1,989 | 8,112 | 0.042 |
| Future* | P V Allen (ch) | 01-Dec-15 | 100,000 | 10 | 10,000 | 1,100,000 | 0.299 |
| Future* | Manjit Wolstenholme | 01-Dec-15 | 45,000 | 10 | 4,500 | 252,889 | 0.069 |
| Future* | Zillah Byng-Maddick (ce) | 01-Dec-15 | 670,000 | 10 | 67,000 | 1,091,369 | 0.297 |
| Future* | Penny Ladkin-Brand (fd) | 01-Dec-15 | 150,000 | 10 | 15,000 | 150,000 | 0.041 |
| G4S | A Almanza (ce) | 27-Nov-15 | 50,000 | 223 | 111,650 | 150,000 | 0.010 |
| G4S | H Raja (fd) | 30-Nov-15 | 50,000 | 225 | 112,550 | 100,000 | 0.006 |
| Galliford Try | T Miller | 30-Nov-15 | 200 | 1,441 | 2,882 | 200 | 0.000 |
| Greencoat UK Wind* | M McAdam | 30-Nov-15 | 18,604 | 108 | 19,999 | 53,604 | 0.011 |
| Greencoat UK Wind* | T C W Ingram (ch) | 30-Nov-15 | 40,000 | 108 | 43,000 | 228,678 | 0.045 |
| Greggs | Sandra Turner | 01-Dec-15 | 1,000 | 1,255 | 12,546 | 1,000 | 0.001 |
| Gresham Computing ♥ | M M E Royde | 27-Nov-15 | 40,000 | 108 | 43,200 | 6,619,664 | 10.462 |
| Henderson EuroTrust | B J H Feilzer | 26-Nov-15 | 345 | 883 | 3,046 | 50,000 | 0.236 |
| Henderson EuroTrust | B J H Feilzer | 26-Nov-15 | 14,655 | 882 | 129,257 | 49,655 | 0.235 |
| Hiscox | C D Keogh | 02-Dec-15 | 5,000 | 1,048 | 52,387 | 5,000 | 0.002 |
| IGas Energy | J Tedder (fd) | 27-Nov-15 | 140,000 | 17 | 24,360 | 140,000 | 0.047 |
| ISG | G V Aldridge | 02-Dec-15 | 10,000 | 143 | 14,250 | 94,450 | 0.192 |
| ISG | S D Lawther (ce) | 02-Dec-15 | 7,000 | 143 | 9,975 | 235,694 | 0.479 |
| Morgan Advanced Materials | R O Rowley | 26-Nov-15 | 5,000 | 253 | 12,628 | 5,000 | 0.002 |
| Mortgage Advice Bureau (Holdings) | N J M Imlach | 30-Nov-15 | 391 | 340 | 1,329 | 17,198 | 0.034 |
| Mortgage Advice Bureau (Holdings) | R S Verdin | 30-Nov-15 | 339 | 340 | 1,153 | 13,371 | 0.026 |
| Palace Capital | A C Dove | 30-Nov-15 | 2,742 | 378 | 10,365 | 78,000 | 0.303 |
| Palace Capital ♥ | S J Silvester (fd) | 02-Dec-15 | 2,148 | 370 | 7,948 | 2,148 | 0.008 |
| Paragon of Companies (The) | Fiona Clutterbuck | 02-Dec-15 | 5,158 | 386 | 19,886 | 8,372 | 0.003 |
| Plus500 | M C Fairbairn | 02-Dec-15 | 1,000 | 456 | 4,563 | 250,000 | 0.218 |
| Poundland | J J McCarthy (ce) | 27-Nov-15 | 331,751 | 212 | 703,578 | 10,000,000 | 3.722 |
| Poundland | N R Hateley (fd) | 27-Nov-15 | 46,820 | 212 | 99,296 | 4,254,198 | 1.583 |
| Reckitt Benckiser | A Hennah (fd) | 01-Dec-15 | 10,000 | 6,299 | 629,857 | 36,851 | 0.005 |
| SVG Capital | S T Bax | 01-Dec-15 | 6,250 | 489 | 30,564 | 6,250 | 0.004 |
| SVG Capital | Lynn Fordham (ce) | 01-Dec-15 | 15,347 | 489 | 75,036 | 499,162 | 0.293 |
| Schroders | Nichola Pease | 02-Dec-15 | 86 | 2,304 | 1,981 | 261 | 0.000 |
| Schroders | R W T Buchanan | 02-Dec-15 | 107 | 2,304 | 2,465 | 8,845 | 0.004 |
| Sky | M Pigasse | 27-Nov-15 | 185 | 1,117 | 2,066 | 5,653 | 0.000 |
| Sky | A Sukawaty | 27-Nov-15 | 116 | 1,117 | 1,296 | 2,630 | 0.000 |
| Sky | D Lewis | 27-Nov-15 | 409 | 1,117 | 4,569 | 8,210 | 0.000 |
| Sky | M J Gilbert | 27-Nov-15 | 184 | 1,117 | 2,055 | 5,574 | 0.000 |
| Sky | Tracy J Clarke | 27-Nov-15 | 105 | 1,117 | 1,173 | 2,886 | 0.000 |
| Sky | N E H Ferguson (ch) | 27-Nov-15 | 1,052 | 1,117 | 11,751 | 41,072 | 0.002 |
| Spirax-Sarco Engineering | N J Anderson (ce) | 02-Dec-15 | 1,000 | 3,145 | 31,450 | 10,678 | 0.015 |
| Stock Spirits | C Heath (ce) | 01-Dec-15 | 100,444 | 104 | 103,960 | 888,053 | 0.444 |
| Stock Spirits | Lesley Jackson (fd) | 02-Dec-15 | 23,296 | 106 | 24,752 | 199,555 | 0.100 |
| Stock Spirits | D O Maloney (ch) | 01-Dec-15 | 20,000 | 106 | 21,124 | 40,000 | 0.020 |
| Travis Perkins | C C B Rogers | 01-Dec-15 | 39 | 2,042 | 796 | 1,964 | 0.001 |
| Travis Perkins | J Rogers | 01-Dec-15 | 33 | 2,042 | 674 | 433 | 0.000 |
| Travis Perkins | P Redfern | 01-Dec-15 | 35 | 2,042 | 715 | 434 | 0.000 |
| Travis Perkins | R M Walker (ch) | 01-Dec-15 | 227 | 2,042 | 4,635 | 97,593 | 0.039 |
| Travis Perkins | Coline L McConville | 01-Dec-15 | 40 | 2,042 | 817 | 334 | 0.000 |
| Travis Perkins | Ruth Anderson | 01-Dec-15 | 40 | 2,042 | 817 | 2,268 | 0.001 |
| Urals Energy ♥ | A H Shrager (ch) | 27-Nov-15 | 150,000 | 2.5 | 3,750 | 1,740,500 | 0.689 |
| Wincanton | P D Dean | 26-Nov-15 | 10,000 | 201 | 20,056 | 10,000 | 0.008 |
| entu (UK) | D M Forbes (ch) | 26-Nov-15 | 10,000 | 61 | 6,050 | 10,000 | 0.015 |
| entu (UK) | D M Forbes (ch) | 26-Nov-15 | 40,000 | 61 | 24,300 | 50,000 | 0.076 |
| SELLS | |||||||
| Company name | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AB Dynamics | A Best (ch) | 27-Nov-15 | 100,000 | 310 | 310,000 | 6,497,107 | 37.481 |
| AB Dynamics | T J Rogers | 27-Nov-15 | 25,000 | 311 | 77,750 | 268,201 | 1.547 |
| ATTRAQT | D M Wagner (ch) | 02-Dec-15 | 1,545,000 | 52 | 803,400 | 3,436,700 | 12.756 |
| AdEPT Telecom | D Lukic | 01-Dec-15 | 45,000 | 260 | 117,000 | 47,500 | 0.211 |
| BGEO | A Namicheishvili | 02-Dec-15 | 44,125 | 1,925 | 849,406 | 119,389 | 0.312 |
| BGEO | S Gvalia | 01-Dec-15 | 20,000 | 1,929 | 385,800 | 89,772 | 0.235 |
| Bushveld Minerals | J Friedlander | 01-Dec-15 | 1,250,000 | 3.0 | 37,500 | 0 | 0.000 |
| Charles Taylor | D G Marock (ce) | 27-Nov-15 | 50,000 | 269 | 134,250 | 354,975 | 0.535 |
| Charles Taylor | D G Marock (ce) | 01-Dec-15 | 150,000 | 269 | 402,750 | 204,975 | 0.309 |
| dotDigital | P A Simmonds | 26-Nov-15 | 2,500,000 | 43 | 1,072,000 | 4,591,470 | 1.573 |
| dotDigital | S C Bird | 26-Nov-15 | 13,717,671 | 43 | 5,882,137 | 17,558,996 | 6.014 |
| Fulcrum Utility Services ♥ | S Gutteridge | 01-Dec-15 | 50,000 | 23 | 11,363 | 369,166 | 0.239 |
| Fulcrum Utility Services | S Gutteridge | 01-Dec-15 | 50,000 | 23 | 11,725 | 479,166 | 0.310 |
| Fulcrum Utility Services | S Gutteridge | 01-Dec-15 | 60,000 | 24 | 14,400 | 419,166 | 0.271 |
| Johnson Service | Yvonne M Monaghan (fd) | 01-Dec-15 | 28,689 | 88 | 25,246 | 735,397 | 0.222 |
| Johnson Service ♥ | Yvonne M Monaghan (fd) | 01-Dec-15 | 171,311 | 88 | 150,754 | 564,086 | 0.171 |
| LondonMetric Property | P L Vaughan (ch) | 01-Dec-15 | 1,500,000 | 164 | 2,466,450 | 13,777,500 | 2.194 |
| Moneysupermarket.com | S J Nixon | 02-Dec-15 | 32,000,000 | 305 | 97,600,000 | 37,795,130 | 6.903 |
| Paysafe | J Leonoff (ce) | 02-Dec-15 | 1,150,000 | 372 | 4,282,485 | 6,002,926 | 1.253 |
| Starcom | A Hartmann (ce) | 26-Nov-15 | 500,000 | 2.5 | 12,500 | 18,511,168 | 18.958 |
| Starcom | A Hartmann (ce) | 26-Nov-15 | 900,000 | 2.5 | 22,500 | 17,611,168 | 18.036 |
| Wetherspoon (J D) | Su Cacioppo | 01-Dec-15 | 30,000 | 719 | 215,745 | 22,846 | 0.019 |
| ♥ Spouse / connected party *Placing / tender / open offer # figures in USD | |||||||
