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Lacroix doubles up at Intertek

The head honcho of the inspection and certification group has doubled up in the wake of March's preliminary figures
May 5, 2016

Six months after securing his initial stake, Intertek's (ITRK) André Lacroix has effectively doubled his exposure to the inspection and certification group through the purchase of another 100,000 shares, setting the chief executive back around £3.27m.

IC TIP: Sell at 3,304p

A commitment of this magnitude might reasonably be construed as a sign of confidence, but in the case of Monsieur Lacroix 'self confidence' might be a more apt interpretation. After all, the group's market value has increased by around 26 per cent since he joined the board from motor retailer Inchcape (INCH) a year ago. He has also presided over a strategic review intended to focus the group on those areas of the business with good prospects for growth and margins. A change in tack was inevitable given the extent to which the group has been hit by the slump in oil and gas markets, but there's still nothing to suggest that the capital expenditure cycle has actually troughed.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Asian Income Fund P Arthur (ch)22 Apr 16290172.7550149,0020.026
Athelney Trust*♥ E Pohl (ch)21 Apr 1621,850233.250,954297,35913.780
Athelney Trust* R Boyle 21 Apr 1610,000233.223,320446,55520.694
Athelney Trust* S Moore21 Apr 166,300233.214,69232,0001.483
Balfour Beatty L Quinn (ceo)22 Apr 16218,500226.87495,711381,4200.055
BlackRock Smaller Companies Trust Susan Platts-Martin26 Apr 161,000897.88,9781,0000.002
BlackRock Throgmorton Trust Lord Latymer (ch)25 Apr 1645328.7514832,8440.045
Brown (N)  Angela Spindler (ceo)21 Apr 1618,000270.948,76293,2950.033
Capita John Cresswell26 Apr 161,0001,003.8910,0391,0000.000
Capital & Regional Hugh Scott-Barrett (ceo)26 Apr 16200,00065130,0002,285,0000.327
Equiniti  Guy Wakeley (ceo)26 Apr 165,983166.29,9441,290,9860.430
F&C Global Smaller Companies Josephine Dixon22 Apr 162,0001,01820,3602,0000.004
FirstGroupMick Barker25 Apr 165939858174,4420.006
FirstGroupTim O'Toole (ceo)25 Apr 168,069987,908857,4390.071
Fulham Shore Nabil Mankarious27 Apr 16500,0001680,000112,259,89333.761
Greatland Gold Paul Johnson25 Apr 162,260,0310.245,42456,666,6674.753
Hikma Pharmaceuticals♥ Mohammed A K S Al-Husry22 Apr 1630,0002,325697,5005,787,1252.417
Hikma Pharmaceuticals Mohammed A K S Al-Husry25 Apr 1610,0002,324232,4005,787,9202.418
Hikma Pharmaceuticals Mohammed A K S Al-Husry26 Apr 1610,0002,260226,0005,788,7162.418
Hikma Pharmaceuticals♥ Mazen Darwazah22 Apr 1630,0002,325697,5007,197,2253.007
Hikma Pharmaceuticals Mazen Darwazah25 Apr 1610,0002,324232,4007,198,3073.007
Hikma PharmaceuticalsMazen Darwazah26 Apr 1610,0002,260226,0007,199,3883.007
Hikma Pharmaceuticals♥ Said Darwazah (ch & ceo)22 Apr 1630,0002,325697,50013,151,7135.494
Hikma Pharmaceuticals Said Darwazah (ch & ceo)25 Apr 1610,0002,324232,40013,153,8625.495
Hikma Pharmaceuticals Said Darwazah (ch & ceo)26 Apr 1610,0002,260226,00013,156,0115.496
Home Retail Group♥  John Coombe (ch)27 Apr 167,996171.113,68117,9960.002
Home Retail GroupIan Durant27 Apr 164,160171.17,11849,5810.006
Home Retail GroupMike Darcey27 Apr 164,160171.17,11863,8790.008
Home Retail GroupCath Keers27 Apr 164,355171.17,45152,5620.006
Home Retail Group♥  Jacqueline de Rojas27 Apr 164,160171.17,11820,5620.003
Hunting Annell Bay27 Apr 164,500372.5916,7678,0000.005
Intertek  Andre Lacroix (ceo)22 Apr 16100,0003,271.55083,271,551200,0000.124
Jupiter European Opportunities Trust Lord Lamont of Lerwick PC22 Apr 162,19053911,80412,6800.011
Jupiter UK Growth Investment Trust Tom Bartlam (ch)25 Apr 1680,000299239,200117,5000.784
Menhaden Capital Howard Pearce25 Apr 163,04362.661,9078,0000.010
People's Operator (The) Jimmy Wales (ch)26 Apr 16100,0002020,0006,086,7607.895
Rockhopper Exploration Fiona MacAulay26 Apr 1649,8673316,456115,5590.025
Rockhopper Exploration John Martin26 Apr 1691,60033.7530,91591,6000.020
Rockhopper Exploration Stewart Macdonald (cfo)26 Apr 1645,2253314,92483,9130.018
Saga Bridget McIntyre22 Apr 167,24520714,9977,2450.001
Saga♥ Andrew Goodsell (ch)26 Apr 162,564,1031955,000,0015,266,8060.471
Sirius Minerals Elizabeth Noel Harwerth27 Apr 1649,60818.128,98969,4650.003
St Ives Ben Gordon26 Apr 1615,000126.318,94525,0000.018
St Ives Mike Butterworth26 Apr 1615,00012118,15026,0000.018
St Ives♥ Matt Armitage (ceo)26 Apr 1630,000122.636,780366,9310.258
St Ives Brad Gray (cfo)26 Apr 1612,532120.915,15170,9980.050
St Ives Richard Stillwell (ch)26 Apr 1615,000119.717,95567,0000.047
St Ives Helen Stevenson26 Apr 165,000127.46,37012,0000.008
St Ives Helen Stevenson26 Apr 167,5001269,45019,5000.014
St Ives Helen Stevenson27 Apr 162,4461283,13121,9460.015
Tristel Paul Swinney (ceo)26 Apr 165,000114.75,735930,0002.206
Tullett Prebon Carol Sergeant 22 Apr 169,038348.531,4979,0380.004
TyraTech Jim Hills21 Apr 1650,0004.252,1252,529,9571.157
TyraTech Jim Hills21 Apr 16100,0004.54,5002,479,9571.135

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Barr (A G) J Kemp27 Apr 164,89660629,67020,7290.018
BrainJuicer  John Kearon (ceo)21 Apr 16500,000332.51,662,5003,359,99627.335
Brooks Macdonald   S Wombwell27 Apr 1635,0001,700595,00054,1890.396
Brooks Macdonald  R Spencer27 Apr 16550,0001,7009,350,000226,7431.658
Capital & Regional Hugh Scott-Barrett (ceo)26 Apr 16150,0006496,0002,135,0000.305
Hammerson Jean-Philippe Mouton21 Apr 1620,133582.3117,234245,7950.031
Independent Investment Trust (The)♥ Maxwell Ward27 Apr 1650,000384192,0004,550,0008.194
Mortgage Advice Bureau*David Preece27 Apr 161,050,0003603,780,0001,524,8003.022
Mortgage Advice Bureau*Peter Brodnicki (ceo)27 Apr 164,015,49036014,455,76414,110,91027.964
SThree Steven Quinn21 Apr 1640,000330132,000264,0540.205
* placing/tender/open offer ♥ spouse/connected party Ω tender offer