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Plus500 director banks recovery gains

One of the group's non-executive directors has sold a chunk of his shares following a steep rally in the share price
October 13, 2016

Following last year's compliance mishap - which forced its share price down more than half in just a week - investors in Plus500 (PLUS) seem to have regained faith in the group. The shares have risen three-quarters during the past 12 months and it seems one of its directors feels its time to bank some of that gain. Non-executive director Michael Charles Fairbairn has sold shares worth close to £650,000.

IC TIP: Hold at 633p

The contracts-for-difference trading provider has bounced back well since it was forced to temporarily suspend thousands of UK client accounts last year, while it ensured its compliance with anti-money laundering regulation. Trading during the first half of the year ended on a high, with customers eager to take advantage of volatility around the referendum by taking long and short positions on different instruments. Active customer numbers passed the 100,000 mark, while the group gained 1,600 new customers on the day of the vote alone.

 

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AO World Geoffrey Cooper (ch)30 Sep 16100,000169169,000100,0000.024
Abcam Louise Patten30 Sep 1612,378836103,48038,4560.019
Abcam Murray Hennessy (ch)30 Sep 165,895837.1149,34836,8190.018
Allergy Therapeutics Peter Jensen (ch)29 Sep 1630,00019.255,775150,0000.025
Brewin Dolphin Holdings Andrew Westenberger (fd)30 Sep 1625,000263.565,87525,0000.009
Capita Ian Powell29 Sep 162,000698.9413,9792,0000.000
Capita Andy Parker (ceo)29 Sep 1614,000703.9298,54996,5670.014
Capita Nick Greatorex (fd)30 Sep 161,461678.89779,9198,9970.001
Chaarat Gold Holdings* Dekel Golan (ceo)30 Sep 16200,0005.2510,50014,275,6914.058
Chaarat Gold Holdings* Linda Naylor (fd)30 Sep 1686,0005.254,5151,200,0000.341
Chaarat Gold Holdings*♥ Linda Naylor (fd)30 Sep 16114,0005.255,9851,114,0000.317
Chaarat Gold Holdings* Martin Wiwen-Nilsson30 Sep 167,326,0105.25384,6167,326,0102.083
Chaarat Gold Holdings* Christopher Palmer-Tomkinson30 Sep 161,000,0005.2552,5007,275,0002.068
Chaarat Gold Holdings* Richard Rae30 Sep 16200,0005.2510,500400,0000.114
Dalata Hotel  Dermot Crowley05 Oct 161,000361.07443,611265,7270.145
Dalata Hotel  Dermot Crowley05 Oct 1611,000365.477840,203276,7270.151
Diageo Javier Ferrán (ch)29 Sep 1618,5002221410,88518,5000.001
Hiscox Anne Macdonald30 Sep 162,8231041.17529,39212,0680.004
Hiscox Ernst Jansen30 Sep 162,9431041.17530,64287,5400.031
Hiscox Colin Keogh30 Sep 161,6921041.17517,6179,8340.003
Hornby Steve Cooke (ceo)30 Sep 1697,00035.734,62997,0000.115
Informa♥ Stephen Carter (ceo)03 Oct 1612,500720.590,06378,5200.012
Infrastructure India Sonny Lulla (ceo)29 Sep 16150,0001218,0001,000,0000.147
Inspired Energy Mark Dickinson29 Sep 16344,82714.550,000344,8270.071
JPMorgan Asian Investment Trust Peter Moon29 Sep 1610,000279.527,95010,0000.011
JPMorgan Global Growth & Income Nigel Wightman (ch)29 Sep 1620,00025350,60055,0000.044
Keywords Studios David Reeves29 Sep 162,4004159,96028,7320.053
LoopUp  Barbara Judge (ch)30 Sep 1615,75412619,85015,7540.039
Obtala Warren Deats30 Sep 1660,00013.658,1905,135,0001.951
Obtala Warren Deats30 Sep 16100,00013.413,4004,835,0001.837
Obtala Warren Deats30 Sep 16100,00013.5413,5404,935,0001.875
Ortac Resources*Paul Heber03 Oct 165,000,0000.0251,25045,000,0000.624
Ortac Resources*V Carellas (ceo)03 Oct 1615,000,0000.0253,75077,000,0001.068
PZ Cussons Richard Harvey (ch)30 Sep 163,413362.512,37298,8930.023
Pittards Stephen Yapp (ch)05 Oct 1615,231102.7515,65035,2310.254
Providence Resources Pat Plunkett (ch)05 Oct 161,000,00013.626136,2601,000,0000.167
Prudential Lord Turner29 Sep 162,0001397.527,9505,5000.000
Prudential David Law03 Oct 163,577138849,6496,9040.000
Revolution Bars  Chris Chambers (cfo)04 Oct 169,67715514,9999,6770.019
Revolution Bars  Keith Edelman (ch)04 Oct 1615,00015523,25045,5000.091
Revolution Bars  Mark McQuater (ceo)04 Oct 16113,650155176,158927,3701.855
Revolution Bars  Michael Shallow04 Oct 1612,90315520,00025,6530.051
Revolymer James Barber 05 Oct 1645,0003214,40045,0000.057
River and Mercantile UK Micro Cap Investment Co LtAndrew Chapman (ch)03 Oct 1610,000118.411,84020,0000.029
Share Gareth Thomas30 Sep 1672,82627.620,100119,1130.083
Sinclair Pharma Jeff Thompson04 Oct 16150,00029.12543,688150,0000.030
Telecom Plus Beatrice Hollond30 Sep 161,8001096.9219,7451,8000.002
UIL David Shillson03 Oct 164,1571907,89836,4900.040
VPC Specialty Lending Investments♥ Richard Levy03 Oct 1676,48981.7562,530954,7890.250
Vectura  Susan Foden30 Sep 166,500139.69,07417,5000.003
Wetherspoon (J D) Harry Morley04 Oct 162,000955.8219,1162,0000.002
Zoopla Property  Robin Klein30 Sep 1630,750325.77100,174382,8300.092

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Blancco Technology♥  Matthew Peacock (ch)03 Oct 16209,728225471,88800.000
Compass  Gary Green29 Sep 16100,0001498.33031,498,330265,8190.016
Homeserve Johnathan Ford29 Sep 1660,000569.6341,760170,9630.055
Plus500 Michael Fairbairn29 Sep 1625,000649.01162,253150,0000.131
Plus500 Michael Fairbairn29 Sep 1625,000649.81162,453175,0000.152
Plus500 Michael Fairbairn29 Sep 1625,000650.01162,503200,0000.174
Plus500 Michael Fairbairn29 Sep 1625,000650.03162,508225,0000.196
*placing/tender/open offer ♥ spouse/connected party