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Arbuthnot boss tops up

Chairman and chief executive Sir Henry Angest has taken his holding up to 56 per cent
April 11, 2017

Although shares in Arbuthnot Banking (ARBB) are riding at a 12-month high, chairman and chief executive Sir Henry Angest has decided to splash the cash, buying another 150,500 shares at a total cost of £2.15m to take his stake in the company from 55 per cent to 56 per cent.

IC TIP: Buy at 1,450p

Sir Henry bought the additional share from the group's old Employee Share Option Plan (ESOP), which was replaced midway through last year by a new phantom share scheme. This means that the shares held in the old trust were no longer required to settle any options.

The purchase comes just a week or two after the group announced results for the year ended 31 December 2016. Total operating income rose by a fifth to £41.5m, while the balance sheet also finished up in good shape. The group also retains an 18.6 per cent stake in Secure Trust Bank (STB), which is said to be worth £75m.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AO World* Mark Higgins (cfo)30 Mar 173,773132.54,99927,7010.006
AO World Geoff Cooper (ch)4 Apr 1728,573139.9939,999128,5730.028
Advanced Oncotherapy Enrico Vanni3 Apr 1775,00028.6721,503898,9461.237
Advanced Oncotherapy Enrico Vanni4 Apr 1725,00029.257,313923,9461.272
Advanced Oncotherapy♥ Michael Sinclair (ch)3 Apr 17100,00028.3528,3504,728,2306.508
Arbuthnot Banking  Henry Angest (ch & ce)30 Mar 17150,5001433.22,156,9668,351,40156.091
Blue Star Capital* Tony Fabrizi (ceo)4 Apr 174,166,6660.125,00019,757,9591.600
CVS♥  Nick Perrin (fd)31 Mar 173,714108040,11132,0000.050
Card Factory Karen Hubbard (ceo)3 Apr 1712,393282.434,99851,7970.015
CyanConnode  Peter Hutton5 Apr 1726,308,9720.1949,98726,308,9720.149
Ergomed Peter George (ch)3 Apr 17100,000190190,000231,2500.571
Everyman Media  Philip Jacobson4 Apr 1730,00013139,30066,0000.110
Flybe  Christine Ourmieres-Widener (ceo)30 Mar 17119,76041.7550,000119,7600.055
Frontier Developments Alex Bevis (cfo)31 Mar 1715,000292.2243,83315,0000.044
Hiscox Anne Macdonald30 Mar 172,1501102.472723,70316,6000.006
Hiscox Ernst Jansen30 Mar 172,2411102.472724,70692,1880.032
Hiscox Hamayou Hussain (cfo)31 Mar 1719,7001088.947214,52319,7000.007
Hiscox Colin Keogh30 Mar 171,2891102.472714,21112,5310.004
Ladbrokes Coral  Stevie Spring31 Mar 1738,240130.0949,74638,2400.002
Laird A Quinlan (ceo)5 Apr 1710,000148.7814,878102,8200.021
Laird♥ A Quinlan (ceo)5 Apr 1710,000149.06314,906112,8200.023
LiDCO  Peter Grant31 Mar 17500,0007.3236,600500,0000.205
Montanaro UK Smaller Companies Inv Tr♥ Arthur Copple31 Mar 175,000503.577525,1795,0000.015
Mountview Estates♥ Duncan Sinclair (ceo)31 Mar 1736,000110413,974,760574,38314.731
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 1715625503,978410,1102.843
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 17530255013,515409,3862.838
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 17568255014,484408,8562.834
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 17568255014,484409,9542.842
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 17606255015,453408,2882.830
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 17980253324,823407,6822.826
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)31 Mar 171,054255026,877406,7022.819
North Atlantic Smaller Companies Inv Trust♥ Peregrine Moncreiffe (ch)4 Apr 17575254514,634410,6852.847
Oakley Capital Investments Christopher Wetherhill (ch)5 Apr 1725,00015538,750200,0000.098
Oakley Capital Investments Peter Dubens5 Apr 1763,579156.599,5011,848,1670.902
Persimmon Nigel Mills4 Apr 177162087.7514,9487160.000
Phoenix  John Pollock3 Apr 1710,000744.851374,48510,0000.003
Quarto Jess Burley4 Apr 174,05525710,4217,3550.037
Seneca Global Income & Growth Trust James McCulloch30 Mar 1730,000168.350,49095,0000.236
Seneca Global Income & Growth Trust Richard Ramsay (ch)30 Mar 1759,347168.299,822133,0140.330
TP ICap John Phizackerley (ceo)3 Apr 17151,964455691,436326,6640.059
Tasty Jonny Plant (ceo)30 Mar 1750,0007537,5004,313,8437.220
TreattRichard Illek31 Mar 1715,000377.356,59555,0000.106
VPC Specialty Lending Investments♥ Richard Levy3 Apr 1781,0107560,7581,433,8860.379

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Bango Anil Malhotra3 Apr 1710,00015115,1003,976,8156.101
Bango Ray Anderson (ceo)3 Apr 1714,00014720,5806,614,94910.148
Barr (A G)♥ Jonathan Kemp3 Apr 174,000581.523,26017,8570.015
Berkeley  Anthony Pidgley (ch)4 Apr 171,000,000311031,100,0005,498,9163.987
Gamma Communications Andrew Stone30 Mar 17100,000493493,0001,100,5001.196
Gamma Communications Andrew Stone5 Apr 17100,000505505,0001,000,5001.087
Travis Perkins Anthony Buffin31 Mar 1713,5001514.179204,414129,2440.051

*Placing/tender/open offer ♥Spouse/connected party