A 10 per cent recovery in Bank of Georgia's (BGEO) share price since mid-June appears to have proven a shade too tempting for some of the lender’s senior managers. Murtaz Kikoria - chief executive of the bank’s healthcare business - netted almost £495,000 late last month after selling 20,000 shares. And just before Mr Kikoria's disposal, Sulkhan Gvalia, deputy chief executive responsible for investment banking, sold over £250,000-worth of shares.
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It’s an example investors may be wise to follow. True, the half-year results posted last month did reveal a robust operating performance: the size of the retail loan book, for example, jumped 21 per cent year-on-year after the Georgian economy grew 6 per cent in the first half. Moreover, the former Soviet lender boasts an impressive capital cushion, with a tier one capital ratio (comparing higher-quality capital to assets, weighted for risk) in excess of 20 per cent.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AFH Financial Group PLC | T R S Denne (cio) | 29 Aug 14 | 166,666 | 150 | 249,999 | 434,411 | 2.25 |
| Anglo American PLC† | J Thompson | 02 Sep 14 | 3,500 | 1,538.49 | 53,847 | 14,950 | 0.00 |
| Artilium PLC* | B Weijermars (ceo) | 02 Sep 14 | 363,633 | 5.5 | 20,000 | 363,633 | 0.16 |
| Artilium PLC* | J W Menke (ch) | 02 Sep 14 | 909,091 | 5.5 | 50,000 | 3,209,091 | 1.41 |
| BHP Billiton PLC | L P Maxsted | 28 Aug 14 | 1,500 | 2,238.72 | 33,581 | 8,000 | 0.00 |
| Bioquell PLC | N M T Adams (ce) | 02 Sep 14 | 15,000 | 95 | 14,250 | 1,000,843 | 2.36 |
| British American Tobacco PLC† | Ann Godbehere | 02 Sep 14 | 670 | 3,553.99 | 23,812 | 3,577 | 0.00 |
| British Sky Broadcasting Group PLC | A Griffith (cfo) | 01 Sep 14 | 26,993 | 881 | 237,808 | 144,896 | 0.01 |
| British Sky Broadcasting Group PLC | J Darroch (ceo) | 01 Sep 14 | 57,419 | 881 | 505,861 | 469,114 | 0.03 |
| bwin.party digital entertainment PLC | M Weigold (cfo) | 29 Aug 14 | 40,186 | 85.32 | 34,287 | 1,000,000 | 0.12 |
| bwin.party digital entertainment PLC | H Kern | 03 Sep 14 | 60,000 | 92.42 | 55,452 | 60,000 | 0.01 |
| bwin.party digital entertainment PLC | P E Yea (ch) | 29 Aug 14 | 178,477 | 84.029 | 149,972 | 261,857 | 0.03 |
| bwin.party digital entertainment PLC | N Teufelberger (ceo) | 29 Aug 14 | 250,000 | 82.481 | 206,203 | 13,005,554 | 1.58 |
| Chariot Oil & Gas Ltd* | G F Canjar (ch) | 29 Aug 14 | 57,513 | 15 | 8,627 | 216,513 | 0.08 |
| Chariot Oil & Gas Ltd* | M K Taylor (tech) | 29 Aug 14 | 66,667 | 15 | 10,000 | 836,988 | 0.32 |
| Chariot Oil & Gas Ltd* | M Reid (cfo) | 29 Aug 14 | 100,000 | 15 | 15,000 | 259,000 | 0.10 |
| Chariot Oil & Gas Ltd* | Mr. L Bottomley (ceo) | 29 Aug 14 | 123,333 | 15 | 18,500 | 554,446 | 0.21 |
| Chariot Oil & Gas Ltd* | Mr. W R Trojan | 29 Aug 14 | 191,813 | 15 | 28,772 | 191,813 | 0.07 |
| Chariot Oil & Gas Ltd*♥ | A Pouroulis | 29 Aug 14 | 5,859,604 | 15 | 878,941 | 27,525,575 | 10.56 |
| Charles Taylor PLC | E G Creasy | 29 Aug 14 | 4,291 | 233 | 9,998 | 4,291 | 0.01 |
| easyJet PLC | K Hamill OBE | 28 Aug 14 | 2,600 | 1,358.96 | 35,333 | 4,560 | 0.00 |
| Electrocomponents PLC | J Pattullo | 01 Sep 14 | 6,344 | 244.08 | 15,484 | 16,344 | 0.00 |
| Energy Technique PLC | Mr. L A Stimpson | 03 Sep 14 | 3,143 | 315 | 9,900 | 172,654 | 7.22 |
| Exova Group PLC | A G Langlands | 03 Sep 14 | 50,000 | 192.5 | 96,250 | 140,909 | 0.06 |
| F&C Private Equity Trust PLC | M E Tennant (ch) | 03 Sep 14 | 5,165 | 221.08 | 11,419 | 5,165 | 0.01 |
| Goals Soccer Centres PLC | P A Burks | 03 Sep 14 | 109,000 | 220 | 239,800 | 372,478 | 0.64 |
| Greencore Group PLC | J T Herlihy | 29 Aug 14 | 10,000 | 266 | 26,600 | 10,000 | 0.00 |
| Gresham Computing PLC♥ | M Royde | 29 Aug 14 | 60,000 | 117.11 | 70,268 | 5,973,154 | 9.45 |
| Guinness Peat Group PLC | Ruth Anderson | 01 Sep 14 | 100,000 | 31.57 | 31,567 | 100,000 | 0.01 |
| Guinness Peat Group PLC | M Clasper CBE (ch) | 01 Sep 14 | 620,000 | 31.57 | 195,759 | 1,490,000 | 0.11 |
| Halma PLC | R M Twite | 03 Sep 14 | 2,000 | 641.5 | 12,830 | 2,000 | 0.00 |
| HSBC Holdings PLC | J Rachel Lomax | 29 Aug 14 | 7,500 | 650.3 | 48,773 | 15,500 | 0.00 |
| Invesco Asia Trust PLC | O Jonathan | 01 Sep 14 | 15,833 | 188.05 | 29,774 | 25,833 | 0.03 |
| Johnston Press PLC | S van Rooyen | 02 Sep 14 | 133,797 | 4.1 | 5,486 | 488,395 | 0.01 |
| Johnston Press PLC | Camilla A Rhodes | 02 Sep 14 | 155,754 | 4.1 | 6,386 | 1,137,342 | 0.02 |
| Johnston Press PLC | A R Marshall | 02 Sep 14 | 201,137 | 4.1 | 8,247 | 1,991,872 | 0.04 |
| Johnston Press PLC | K Aamot | 02 Sep 14 | 204,941 | 4.1 | 8,403 | 2,986,237 | 0.06 |
| Johnston Press PLC | M A Pain | 02 Sep 14 | 208,610 | 4.1 | 8,553 | 1,707,401 | 0.03 |
| Johnston Press PLC | I S M Russell CBE (ch) | 02 Sep 14 | 448,693 | 4.1 | 18,396 | 12,445,134 | 0.24 |
| Legal & General Group PLC | J M Stewart (ch) | 01 Sep 14 | 3,216 | 240.593 | 7,737 | 304,870 | 0.01 |
| Nord Gold NV | Mr. M Nossal | 02 Sep 14 | 40,000 | 150 | 60,000 | 40,000 | 0.01 |
| Nostrum Oil & Gas PLC | Mr. P Everaert | 29 Aug 14 | 3,000 | 755.22 | 22,657 | 20,000 | 0.01 |
| Outsourcery PLC* | Jane S Hall | 02 Sep 14 | 125,000 | 20 | 25,000 | 134,090 | 0.32 |
| Outsourcery PLC* | K A Olisa OBE (ch) | 02 Sep 14 | 125,000 | 20 | 25,000 | 168,500 | 0.40 |
| Outsourcery PLC* | A M Burton | 02 Sep 14 | 125,000 | 20 | 25,000 | 138,636 | 0.33 |
| Outsourcery PLC* | J P D Linney (co-ceo) | 02 Sep 14 | 1,025,000 | 20 | 205,000 | 5,915,147 | 14.00 |
| Outsourcery PLC* | S R Newton (co-ceo & cs) | 02 Sep 14 | 1,025,000 | 20 | 205,000 | 5,915,147 | 14.00 |
| Phorm Corp Ltd*♥ | J M Roth | 28 Aug 14 | 13,244,444 | 9 | 1,192,000 | 38,789,444 | 5.99 |
| Reed Elsevier PLC | N L Luff (cfo) | 01 Sep 14 | 17,187 | 996 | 171,183 | 17,187 | 0.00 |
| SABMiller PLC | J P du Plessis | 01 Sep 14 | 30,000 | 3,312.5 | 993,750 | 30,000 | 0.00 |
| Salamander Energy PLC | J G Menzies (ceo) | 28 Aug 14 | 50,000 | 105 | 52,500 | 2,750,097 | 1.06 |
| Shanta Gold Ltd | M Houston (ceo) | 01 Sep 14 | 100,000 | 12.38 | 12,375 | 1,317,189 | 0.28 |
| Shanta Gold Ltd | R A Fryer | 03 Sep 14 | 120,000 | 12.75 | 15,300 | 240,000 | 0.05 |
| Standard Chartered PLC | Dr. B E Grote | 02 Sep 14 | 8,000 | 1,209.84 | 96,788 | 15,000 | 0.00 |
| Symphony International Holdings Ltd | S B Chandiramani | 01 Sep 14 | 90,000 | 77.75 | 69,975 | 15,363,744 | 2.93 |
| Symphony International Holdings Ltd | A Thadani | 01 Sep 14 | 120,000 | 77.75 | 93,300 | 55,936,950 | 10.68 |
| Symphony International Holdings Ltd | S B Chandiramani | 03 Sep 14 | 360,000 | 78.15 | 281,322 | 15,723,744 | 3.00 |
| Symphony International Holdings Ltd | A Thadani | 03 Sep 14 | 480,000 | 78.15 | 375,096 | 56,416,950 | 10.78 |
| TT Electronics PLC | M J Baunton CBE | 29 Aug 14 | 8,837 | 169.8 | 15,005 | 81,554 | 0.05 |
| UK Commercial Property Trust Ltd | K McCullagh | 28 Aug 14 | 40,000 | 80.5 | 32,200 | 40,000 | 0.00 |
| Vislink PLC | I Davies (fd & cs) | 02 Sep 14 | 50,000 | 45.35 | 22,675 | 150,000 | 0.12 |
| Vislink PLC | J E Hawkins (ch) | 02 Sep 14 | 95,157 | 47.29 | 45,000 | 309,279 | 0.25 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AFH Financial Group PLC | A Hudson (ceo) | 29 Aug 14 | 206,666 | 150 | 309,999.00 | 7,575,700.00 | 39.22 |
| Bank of Georgia Holdings PLC | M Kikoria | 28 Aug 14 | 20,000 | 2,474 | 494,800.00 | 103,000.00 | 0.30 |
| Berendsen PLC | K Quinn (fd) | 03 Sep 14 | 15,000 | 1,084 | 162,600.00 | 202,880.00 | 0.12 |
| Bodycote PLC | D F Landless (fd) | 01 Sep 14 | 5,000 | 704 | 35,200.00 | 500,493.00 | 0.26 |
| British American Tobacco PLC | J B Stevens (fd & cio) | 29 Aug 14 | 33,000 | 3,544 | 1,169,520.00 | 59,874.00 | 0.00 |
| Inchcape PLC♥ | J McConnell (gfd) | 02 Sep 14 | 25,400 | 671.4667 | 170,553.00 | 198,585.00 | 0.04 |
| JPMorgan Smaller Companies Investment Trust PLC | I Coulson | 02 Sep 14 | 700 | 750.56 | 5,254.00 | 3,300.00 | 0.02 |
| *Placing/subscription †ADRs ♥Spouse/connected party | |||||||
