There has been no shortage of insider trades at oil services group Lamprell (LAM) in the wake of January's profit warning. The group's pre-close update, delivered midway through last month, revealed that both revenues and profits would be around 10 per cent adrift of current expectations.
The warning may have seemed unnervingly familiar to committed Lamprell shareholders. The UAE-based rig specialist delivered a succession of downgrades in 2012 as a result of supply-chain issues. Two of its then directors - Messrs Isles and Doak - raised eyebrows by offloading hefty stakes prior to one of the warnings.
But this time around the group's chairman John Kennedy has taken advantage of the pull-back in the share price to build his stake. One of three insiders to have upped the ante following the warning, he forked out £220,372 in three separate transactions.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
1pm | Ron Russell | 22 Jan 15 | 15,000 | 63 | 9,450 | 7,348,684 | 19.903 |
Aberdeen Asian Income Fund | PAK Arthur (ch) | 22 Jan 15 | 250 | 199.83 | 500 | 43,386 | 0.022 |
Bankers IT | D Wild | 22 Jan 15 | 8,403 | 599.98 | 50,416 | 12,803 | 0.011 |
BlackRock Throgmorton Trust ♥ | SD Beart | 26 Jan 15 | 178 | 287.25 | 511 | 33,954 | 0.046 |
Braemar Shipping Services | Jurgen Breuer | 28 Jan 15 | 6,000 | 455 | 27,300 | 6,000 | 0.020 |
Burberry | Carolyn McCall | 28 Jan 15 | 1,117 | 1,777 | 19,849 | 1,117 | 0.000 |
Caledonia Mining Corp | Leigh Wilson (ch) | 23 Jan 15 | 30,200 | 42.383 | 12,800 | 72,500 | 0.139 |
Daily Internet | Michael Edelson (ch) | 22 Jan 15 | 6,318,704 | 1.5 | 94,781 | 27,584,000 | 5.749 |
Daily Internet | Christopher Evans (ce) | 29 Jan 15 | 369,485 | 1.5 | 5,542 | 19,625,367 | 4.100 |
Flowgroup | Nigel Canham (cfo) | 22 Jan 15 | 68,400 | 43 | 29,412 | 68,400 | 0.029 |
Flybe | Simon Laffin (ch) | 26 Jan 15 | 60,728 | 69.75 | 42,358 | 288,000 | 0.133 |
Foreign & Colonial | CA Keljik | 27 Jan 15 | 9,000 | 450 | 40,500 | 72,001 | 0.013 |
Games Workshop | Elaine O'Donnell | 22 Jan 15 | 1,500 | 502.25 | 7,534 | 1,500 | 0.005 |
Intercede | Ian Drew | 23 Jan 15 | 26,000 | 114 | 29,640 | 73,000 | 0.151 |
JPMorgan Smaller Companies | AS Robson | 27 Jan 15 | 1,000 | 744.53 | 7,445 | 2,163 | 0.012 |
JPMorgan Smaller Companies | MF Quicke (ch) | 27 Jan 15 | 4,879 | 752.5 | 36,714 | 9,212 | 0.052 |
Lamprell | John Kennedy (ch) | 22 Jan 15 | 55,291 | 107.44 | 59,406 | 1,293,128 | 0.378 |
Lamprell Ω | John Kennedy (ch) | 23 Jan 15 | 28,128 | 104.89 | 29,503 | 1,321,256 | 0.387 |
Lamprell Ω | John Kennedy (ch) | 26 Jan 15 | 117,857 | 111.54 | 131,463 | 1,439,113 | 0.421 |
Learning Technologies | Leslie-Ann Reed | 26 Jan 15 | 750,000 | 18.5 | 138,750 | 750,000 | 0.212 |
Learning Technologies | Neil Elton (fd) | 26 Jan 15 | 160,000 | 18.5 | 29,600 | 160,000 | 0.045 |
Leed Resources | Charles Zorab | 22 Jan 15 | 3,268,294 | 0.09 | 2,941 | 3,268,294 | 0.105 |
London Capital Holdings | Charles Henri-Sabet (ch) | 22 Jan 15 | 250,000 | 29.5 | 73,750 | 1,700,000 | 2.609 |
Madagascar Oil ♥ | Steve Hope | 28 Jan 15 | 100,000 | 4.5 | 4,500 | 187,390,232 | 28.737 |
Madagascar Oil ♥ | Steve Hope | 28 Jan 15 | 100,000 | 8 | 8,000 | 187,290,232 | 28.722 |
Madagascar Oil ♥ | Steve Hope | 28 Jan 15 | 160,000 | 8.5 | 13,600 | 187,190,232 | 28.707 |
Madagascar Oil ♥ | Steve Hope | 28 Jan 15 | 200,000 | 7.98 | 15,950 | 187,030,232 | 28.682 |
Miton | Gervais Williams | 23 Jan 15 | 295,000 | 25.5 | 75,225 | 9,088,241 | 5.321 |
NetDimensions (Holdings) † | Jay Shaw (ce) | 28 Jan 15 | 750 | 76 | 570 | 4,814,000 | 12.398 |
Phorm Corp ♥ | Johannes Roth | 22 Jan 15 | 9,500,000 | 10.5 | 997,500 | 80,289,607 | 10.443 |
Plutus PowerGen * | Phil Stephens (ce) | 22 Jan 15 | 3,846,154 | 0.65 | 25,000 | 38,012,821 | 6.652 |
Porvair | Dr Raj Rajagopal | 26 Jan 15 | 15,000 | 302.88 | 45,431 | 15,000 | 0.033 |
RM2 International ♥ | Ian Molson (ch) | 22 Jan 15 | 1,000,000 | 51 | 510,000 | 8,500,000 | 2.633 |
Roxi Petroleum | Kairat Satylganov (cfo) | 26 Jan 15 | 16,758,286 | 7.41 | 1,241,789 | 236,291,830 | 26.999 |
Roxi Petroleum ♥ | Edmund Limerick | 22 Jan 15 | 555,000 | 8.75 | 48,563 | 555,000 | 0.063 |
RWS Holdings Ω | Reinhard Ottway (ce) | 27 Jan 15 | 586 | 852 | 4,993 | 586 | 0.001 |
Sound Oil ♥ | M Fumagalli | 28 Jan 15 | 3,906,250 | 16 | 625,000 | 68,193,750 | 16.267 |
Telecom plus | Melvin Lawson | 26 Jan 15 | 25,000 | 985 | 246,250 | 2,089,869 | 2.608 |
Telecom plus | Julian Schild | 26 Jan 15 | 25,000 | 985 | 246,250 | 158,682 | 0.198 |
Telecom plus | The Hon Charles Wigoder (ch) | 26 Jan 15 | 25,000 | 985 | 246,250 | 12,958,683 | 16.171 |
W Resources * | Michael Masterman (ch) | 26 Jan 15 | 50,666,666 | 0.3 | 152,000 | 790,549,169 | 27.388 |
W Resources * ♥ | Dr. Byron Pirola | 26 Jan 15 | 16,666,666 | 0.3 | 50,000 | 171,876,415 | 5.955 |
Whitbread | Richard Baker (ch) | 22 Jan 15 | 2,743 | 4,920 | 134,956 | 15,189 | 0.008 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Arian Silver Corp | Anthony Williams (ch) | 22 Jan 15 | 85,000 | 36.68 | 31,175 | 0 | 0.000 |
ASOS | Nicholas Robertson (ce) | 28 Jan 15 | 744,600 | 2,716.49 | 20,226,951 | 7,000,000 | 8.390 |
Judges Scientific | David Barnbrook | 23 Jan 15 | 700 | 1,605 | 11,235 | 21,791 | 0.363 |
Judges Scientific | The Hon Alex Hambro (ch) | 22 Jan 15 | 15,000 | 1,605 | 240,750 | 77,500 | 1.292 |
Kingfisher | Sir Ian Cheshire | 27 Jan 15 | 16,000 | 346.4 | 55,424 | 2,555,970 | 0.109 |
Kingfisher ♥ | Sir Ian Cheshire | 27 Jan 15 | 15,000 | 346.4 | 51,960 | 2,555,970 | 0.109 |
Learning Technologies | Jonathan Satchell (ce) | 26 Jan 15 | 3,000,000 | 18.5 | 555,000 | 110,214,995 | 31.090 |
Proton Power Systems | Thomas Melczer | 22 Jan 15 | 250,000 | 4.14 | 10,352 | 250,000 | 0.039 |
SThree | Gary Elden (ce) | 28 Jan 15 | 150,000 | 338 | 507,000 | 3,068,085 | 2.422 |
WYG | Graham Olver | 28 Jan 15 | 23,404 | 110 | 25,744 | 64,322 | 0.096 |
WYG ♥ | Graham Olver | 28 Jan 15 | 64,322 | 110 | 70,754 | 0 | 0.000 |
* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust † depositary receipts |