Buying stock at what appears to be a trough in a company's share price is a tough thing to do, but senior management at Tate & Lyle (TATE) have made a good go of it.
Chief executive Javed Ahmed and chief financial officer Nick Hampton snapped up 40,000 and 10,000 shares, respectively, on February 11 - the second lowest point the shares have hit year-to-date. Chairman Peter Gershon bought the following day at a price which is the lowest the shares have traded in 2016 - 532p.
The company is focusing on its speciality ingredients business, which it wants to make account for 70 per cent of the group's total profits. A recent deal saw its bulk business - which focuses predominantly on high fructose corn syrup - exit the European market and focus on the unregulated US and Mexico regions.
Buys | |||||||
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Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Action Hotels♥ | Stefan Allesch-Taylor | 12 Feb 16 | 210,526 | 47.7 | 100,421 | 355,451 | 0.241 |
Atkins (WS)♥ | Allan Cook (ch) | 12 Feb 16 | 4,300 | 1155 | 49,665 | 21,442 | 0.021 |
Capital Gearing Trust | Jean Matterson | 11 Feb 16 | 2,500 | 3352 | 83,800 | 5,500 | 0.179 |
City Merchants High Yield Trust | Winifred Robbins | 12 Feb 16 | 25,000 | 168.38 | 42,095 | 412,175 | 0.475 |
CYBG | David Browne | 12 Feb 16 | 5,000 | 182.1625 | 9,108 | 5,000 | 0.001 |
CYBG | David Bennett | 15 Feb 16 | 16,334 | 182.66 | 29,836 | 16,334 | 0.002 |
CYBG | Adrian Grace | 12 Feb 16 | 16,220 | 184.95 | 29,999 | 16,220 | 0.002 |
CYBG | Jim Pettigrew (ch) | 15 Feb 16 | 50,000 | 182.504 | 91,252 | 50,000 | 0.006 |
Enterprise Inns | David Maloney | 11 Feb 16 | 25,000 | 74 | 18,500 | 50,000 | 0.010 |
Enterprise Inns | Adam Fowle | 15 Feb 16 | 60,000 | 79.8 | 47,880 | 60,000 | 0.012 |
Enterprise Inns | Robert Walker (ch) | 12 Feb 16 | 67,000 | 75.0721 | 50,298 | 502,000 | 0.099 |
Fidessa | John Hamer (ch) | 15 Feb 16 | 3,000 | 1877.4 | 56,322 | 89,863 | 0.235 |
Finsbury Growth & Income Trust♥ | Neil Collins | 11 Feb 16 | 2,000 | 534.811 | 10,696 | 52,908 | 0.041 |
Gama Aviation | Peter Brown | 15 Feb 16 | 10,000 | 268 | 26,800 | 10,000 | 0.023 |
Gama Aviation | Sir Ralph Robins (ch) | 15 Feb 16 | 10,000 | 268 | 26,800 | 10,000 | 0.023 |
Gama Aviation | Kevin Godley (cfo) | 15 Feb 16 | 20,000 | 268 | 53,600 | 20,000 | 0.047 |
Gama Aviation | Stephen Wright | 15 Feb 16 | 25,000 | 268 | 67,000 | 263,188 | 0.612 |
GoldBridges Global Resources | Ashar Qureshi | 12 Feb 16 | 2,000,000 | 1.8 | 36,000 | 7,880,000 | 0.338 |
Greene King | Philip Yea | 11 Feb 16 | 30,000 | 858.98 | 257,694 | 30,000 | 0.010 |
Hammerson | D J Atkins (ceo) | 15 Feb 16 | 5,000 | 558.4 | 27,920 | 372,056 | 0.047 |
Hammerson | D A Tyler (ch) | 15 Feb 16 | 5,000 | 561.4 | 28,070 | 30,000 | 0.004 |
Helios Underwriting | Nigel Hanbury (ceo) | 17 Feb 16 | 37,292 | 187.5 | 69,923 | 1,370,872 | 13.062 |
Land Securities | Chris Bartram | 12 Feb 16 | 3,000 | 995.4002 | 29,862 | 14,478 | 0.002 |
Mporium | Nigel Walder (ch) | 17 Feb-16 | 102,154 | 9.75 | 9,960 | 8,312,228 | 1.769 |
Norcon | Trond Tostrup (ch) | 17 Feb 16 | 140,000 | 12 | 16,800 | 512,222 | 1.039 |
PayPoint | Gill Barr | 11 Feb 16 | 2,595 | 728 | 18,892 | 2,595 | 0.004 |
PayPoint | Neil Carson | 12 Feb 16 | 10,000 | 737.89 | 73,789 | 30,000 | 0.044 |
Pennon | Ian McAulay | 15 Feb 16 | 9,703 | 835.48 | 81,067 | 80,879 | 0.020 |
Pinnacle Technology | Simon Duckworth | 12 Feb 16 | 100,000 | 8 | 8,000 | 4,500,000 | 1.982 |
Pinnacle Technology | Simon Duckworth | 11 Feb 16 | 150,000 | 8.2 | 12,300 | 4,400,000 | 1.938 |
Pinnacle Technology* | James Dodd | 11 Feb 16 | 1,000,000 | 4.2 | 42,000 | 5,065,935 | 2.231 |
Pinnacle Technology* | Ian Winn (cfo) | 11 Feb 16 | 1,428,571 | 4.2 | 60,000 | 1,428,571 | 0.629 |
Pinnacle Technology* | Tom Black | 11 Feb 16 | 4,000,000 | 4.2 | 168,000 | 8,842,199 | 3.894 |
Pinnacle Technology* | Gavin Lyons (ch) | 11 Feb 16 | 4,000,000 | 4.2 | 168,000 | 4,000,000 | 1.762 |
Pinnacle Technology* | Simon Duckworth | 11 Feb 16 | 4,000,000 | 4.2 | 168,000 | 4,000,000 | 6.759 |
Renold♥ | Mark Harper (ch) | 11 Feb 16 | 42,735 | 35.1 | 15,000 | 511,924 | 0.229 |
Renold | John Allkins | 11 Feb 16 | 69,500 | 35.5 | 24,673 | 144,500 | 0.065 |
Rolls-Royce Holdings | David Smith (cfo) | 12 Feb 16 | 8,333 | 600 | 49,998 | 28,921 | 0.002 |
Royal Dutch Shell* | Sir Nigel Sheinwald | 15 Feb 16 | 124 | 864.84 | 1,072 | 1,124 | 0.000 |
Royal Dutch Shell* | Euleen Y K Goh | 15 Feb 16 | 2,895 | 859.94 | 24,895 | 12,895 | 0.000 |
Schroder UK Mid Cap Fund | Robert Talbut | 11 Feb 16 | 2,500 | 428.45 | 10,711 | 2,500 | 0.007 |
Shaftesbury♥ | Sally E Walden | 11 Feb 16 | 20,000 | 845 | 169,000 | 40,000 | 0.014 |
Shire | Anne Minto | 12 Feb 16 | 280 | 3560 | 9,968 | 4,575 | 0.001 |
Shire | O Bohuon | 12 Feb 16 | 1,000 | 3552.12 | 35,521 | 1,290 | 0.000 |
Shire | W Burns | 12 Feb 16 | 1,250 | 3563.09 | 44,539 | 3,291 | 0.001 |
St Modwen Properties | Richard Mully | 12 Feb 16 | 10,000 | 321.1 | 32,110 | 40,000 | 0.018 |
Standard Life Equity Income Trust | Mark White | 15 Feb 16 | 2,343 | 420 | 9,841 | 12,343 | 0.028 |
Standard Life Equity Income Trust | Mark White | 15 Feb 16 | 7,657 | 420.579 | 32,204 | 20,000 | 0.045 |
Strat Aero | Tony Dunleavy (ceo) | 12 Feb 16 | 250,000 | 4.25 | 10,625 | 2,780,000 | 1.957 |
Tate & Lyle | Sir Peter Gershon (ch) | 12 Feb 16 | 10,000 | 532 | 53,200 | 149,279 | 0.032 |
Tate & Lyle | A N Hampton (cfo) | 11 Feb 16 | 10,000 | 545.85 | 54,585 | 20,000 | 0.004 |
Tate & Lyle♥ | J Ahmed (ceo) | 11 Feb 16 | 40,000 | 545.85 | 218,340 | 3,028,692 | 0.649 |
Telford Homes | David Campbell | 16 Feb 16 | 2,000 | 323.74 | 6,475 | 41,796 | 0.056 |
Telford Homes | David Holland | 16 Feb 16 | 10,000 | 325 | 32,500 | 571,444 | 0.765 |
Telford Homes | James Furlong | 17 Feb 16 | 20,000 | 332.5 | 66,500 | 1,334,342 | 1.787 |
Tritax Big Box REIT* | R W Jewson (ch) | 11 Feb 16 | 4,545 | 124 | 5,636 | 54,545 | 0.007 |
Witan Investment Trust | A L C Bell (ceo) | 12 Feb 16 | 5,000 | 687.225 | 34,361 | 130,000 | 0.065 |
Sell | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
LivaNova | Daniel Moore (ch) | 16 Feb 16 | 1,000 | 5687.6 | 56,876 | 66,437 | 0.136 |
London & Associated Properties | A K Thapar (fd) | 11 Feb 16 | 111,847 | 25 | 27,962 | 120,000 | 0.141 |
Matchtech♥ | A S Dyer (fd) | 11 Feb 16 | 3,708 | 445 | 16,501 | 306,248 | 0.990 |
Matchtech | A S Dyer (fd) | 11 Feb 16 | 8,427 | 445 | 37,500 | 301,533 | 0.975 |
* placing/tender/open offer ♥ spouse/connected party Ω tender offer |