The directors of small real-estate investment trust McKay Securities (MCKS) are taking a lot of risk off the table. Managing director Simon Perkins, finance director Giles Salmon and property director Steven Mew have all sold substantial quantities of shares this month. In total, Mr Perkins has sold 230,100 shares, more than halving his stake.
IC TIP:
Buy
at
260p
The company's performance still looks robust, however. With strong demand for refurbished properties from tenants looking for quality office space, rents in the office market of the South East - McKay's stomping ground - have been rising fast. In the first quarter, the company signed 15 new tenants at rates 7.8 per cent above surveyors' estimates of rental value. Occupancy in mid-July was consequently 93.5 per cent, up from 91.8 per cent at the March year-end.
| Buys | |||||||
| Company | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aberdeen New Dawn Investment Trust | J Lorimer | 09 Sep 15 | 12,500 | 152.19 | 19,023 | 25,000 | 0.02 |
| Aberforth Geared Income Trust | JDM Fisher | 03 Sep 15 | 1,868 | 208.42 | 3,893 | 69,607 | 0.06 |
| Arden Partners Ω | JB Keeling | 07 Sep15 | 50,000 | 46 | 23,000 | 2,059,334 | 10.21 |
| Audioboom | NAC Candy | 04 Sep 15 | 16,000,000 | 3 | 480,000 | 40,820,000 | 7.62 |
| Aurasian Minerals ♥ | PJ Mullens (ce) | 09 Sep 15 | 250,000 | 0.62 | 1,560 | 37,373,852 | 8.98 |
| BP | C Svanberg (ch) | 07 Sep 15 | 1,000,000 | 343.08 | 3,430,777 | 2,076,695 | 0.01 |
| BT | Isabel F Hudson | 09 Sep 15 | 2,273 | 437 | 9,933 | 3,552 | <0.01 |
| bwin.party | JMB Gibson | 08 Sep 15 | 50,000 | 105.57 | 52,785 | 50,000 | 0.01 |
| bwin.party | PE Yea (ch) | 08 Sep 15 | 100,000 | 106.4 | 106,400 | 361,857 | 0.04 |
| Byotrol * | DT Traynor (ce) | 09 Sep 15 | 153,846 | 3.25 | 5,000 | 4,850,514 | 1.81 |
| Byotrol * | Dr. T Medinger | 09 Sep 15 | 153,846 | 3.25 | 5,000 | 1,164,367 | 0.43 |
| Byotrol * | Dr. TT Francis | 09 Sep 15 | 153,846 | 3.25 | 5,000 | 1,110,359 | 0.41 |
| Byotrol * | NCG Martel (ch) | 09 Sep 15 | 100,000 | 3.25 | 3,250 | 20,793,513 | 7.76 |
| Diploma | JE Nicholas (ch) | 03 Sep 15 | 3,000 | 666 | 19,980 | 5,000 | <0.01 |
| Duke Royalty | C Cannon-Brookes | 08 Sep 15 | 10,000 | 70 | 7,000 | 158,517 | 2.17 |
| Elegant Hotels | NA Basing | 07 Sep 15 | 10,000 | 108.99 | 10,899 | 10,000 | 0.01 |
| Frenkel Topping ♥ | J Granite | 04 Sep 15 | 10,000,000 | 44.25 | 4,425,000 | 10,000,000 | 13.54 |
| Go-Ahead | N Horler | 04 Sep 15 | 1,038 | 2394 | 24,850 | 1,038 | <0.01 |
| Grainger Ω | AR Cunningham (ce) | 04 Sep 15 | 579 | 233.2 | 1,350 | 1,770,285 | 0.43 |
| Grainger Ω | M Greenwood (fd) | 04 Sep 15 | 579 | 233.2 | 1,350 | 466,044 | 0.11 |
| Grainger Ω | N Jopling | 04 Sep 15 | 579 | 233.2 | 1,350 | 598,663 | 0.14 |
| IMI | Isobel Sharp | 04 Sep 15 | 3,000 | 1026 | 30,780 | 3,000 | <0.01 |
| Informa | Cindy H Rose | 09 Sep 15 | 3,500 | 582.64 | 20,392 | 3,500 | <0.01 |
| Jimmy Choo | Anna-Lena Kamenetzky | 09 Sep 15 | 9,500 | 155.37 | 14,760 | 9,500 | <0.01 |
| Jimmy Choo | Meribeth Parker | 09 Sep 15 | 9,500 | 159.8 | 15,181 | 9,500 | <0.01 |
| PureTech Health | Dr. JL Lamattina | 08 Sep 15 | 11,000 | 147.08 | 16,179 | 1,430,332 | 0.60 |
| PureTech Health | Dr. JL Lamattina | 03 Sep 15 | 11,000 | 137.5 | 15,125 | 1,419,332 | 0.60 |
| PureTech Health | Dr. JL Lamattina | 09 Sep 15 | 5,492 | 145.76 | 8,005 | 1,435,824 | 0.60 |
| Range Resources * | J Kiki Wang | 09 Sep 15 | 2,083,333 | 0.8 | 16,667 | 2,083,333 | 0.03 |
| Range Resources * | YD Chen (ch) | 09 Sep 15 | 8,000,000 | 0.8 | 64,000 | 18,288,070 | 0.24 |
| Range Resources * | Y Liu (ce) | 09 Sep 15 | 6,333,333 | 0.8 | 50,667 | 6,333,333 | 0.08 |
| Range Resources * | Z Gu | 09 Sep 15 | 2,083,333 | 0.8 | 16,667 | 2,083,333 | 0.03 |
| Rolls-Royce Holdings | I Davis (ch) | 07 Sep 15 | 274 | 721 | 1,976 | 21,607 | <0.01 |
| Rolls-Royce Holdings | Ruth Cairnie | 07 Sep 15 | 269 | 721 | 1,939 | 6,585 | <0.01 |
| Rolls-Royce Holdings | Sir Frank Chapman | 07 Sep 15 | 549 | 721 | 3,958 | 13,209 | <0.01 |
| Seneca Global Income & Growth Trust | JR McCulloch | 09 Sep 15 | 25,000 | 142 | 35,500 | 65,000 | 0.16 |
| Sirius Real Estate | A Coombs (ce) | 09 Sep 15 | 420,370 | 51.5 | 216,491 | 3,938,564 | 0.53 |
| Standard Life | Isabel F Hudson | 09 Sep 15 | 1,867 | 425.6 | 7,946 | 5,067 | <0.01 |
| Sula Iron & Gold * | HT Baker | 08 Sep 15 | 2,000,000 | 0.6 | 12,000 | 2,000,000 | 0.47 |
| Sula Iron & Gold * | NS Warrell (ce) | 08 Sep 15 | 2,083,333 | 0.6 | 12,500 | 49,813,010 | 11.76 |
| Tex Holdings | CT Varley | 03 Sep 15 | 3,000 | 110.5 | 3,315 | 3,000 | 0.05 |
| UK Mail | G Buswell (ce) | 03 Sep 15 | 8,940 | 386.25 | 34,531 | 295,057 | 0.54 |
| Zotefoams ♥ Ω | CG Hurst (fd) | 08 Sep 15 | 6,014 | 321.75 | 19,350 | 343,707 | 0.78 |
| Zotefoams Ω | CG Hurst (fd) | 08 Sep 15 | 6,136 | 321.25 | 19,712 | 343,707 | 0.78 |
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust | |||||||
| Sells | |||||||
| Company | Director | Date | No. of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aukett Swanke | DJ Hughes | 07 Sep 15 | 95,933 | 5.6 | 5,372 | 2,963,446 | 1.79 |
| Aukett Swanke | NF Pell | 07 Sep 15 | 400,000 | 5.6 | 22,400 | 1,826,700 | 1.11 |
| British Land Co | C Grigg (ce) | 07 Sep 15 | 33,938 | 801.26 | 271,932 | 983,417 | 0.10 |
| Glanbia | J Murphy | 08 Sep 15 | 6,868 | 1750 | 120,190 | 8,000 | <0.01 |
| Hays | AR Cox (ce) | 07 Sep 15 | 82,863 | 156.02 | 129,283 | 3,513,401 | 0.25 |
| Hays | P Venables | 07 Sep 15 | 59,744 | 156.02 | 93,213 | 1,020,129 | 0.07 |
| IP Group | G Smith (cfo) | 03 Sep 15 | 90,000 | 224.5 | 202,050 | 240,233 | 0.04 |
| Jupiter Fund Management | P Johnson (cfo) | 09 Sep 15 | 4,900 | 452.7 | 22,182 | 1,330,677 | 0.29 |
| McKay Securities | GP Salmon (fd) | 08 Sep 15 | 68,070 | 260 | 176,982 | 87,366 | 0.09 |
| McKay Securities | GP Salmon (fd) | 04 Sep 15 | 39,362 | 261 | 102,735 | 155,436 | 0.17 |
| McKay Securities | SC Perkins | 08 Sep 15 | 147,564 | 260 | 383,666 | 210,000 | 0.23 |
| McKay Securities | SC Perkins | 04 Sep 15 | 82,536 | 261 | 215,419 | 357,564 | 0.38 |
| McKay Securities | SR Mew | 08 Sep 15 | 57,582 | 260 | 149,713 | 134,719 | 0.14 |
| McKay Securities | SR Mew | 04 Sep 15 | 37,229 | 261 | 97,168 | 192,301 | 0.21 |
| Minco | WG MacLeod | 05 Sep 15 | 688,334 | 0.91 | 6,274 | - | <0.01 |
| Sirius Real Estate | A Marks (cfo) | 09 Sep 15 | 1,100,000 | 51.5 | 566,500 | 2,155,953 | 0.29 |
| Smurfit Kappa | GW McGann | 08 Sep 15 | 219,340 | 2643 | 5,797,156 | 426,810 | 0.18 |
| Telit Communications | EC Testa (ch) | 08 Sep 15 | 500,000 | 345 | 1,725,000 | 1,000,000 | 0.87 |
| Zotefoams | CG Hurst (fd) | 08 Sep 15 | 6,136 | 320.76 | 19,682 | 337,571 | 0.77 |
| Zotefoams ♥ | CG Hurst (fd) | 08 Sep 15 | 6,014 | 321.25 | 19,320 | 337,693 | 0.77 |
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust | |||||||
