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Directors spend big on cheap Shire

Six director's at Shire have taken advantage of share price weaknesses and bought shares in the company this week.
February 25, 2016

The three non-executive directors who have bought Shire's (SHP) shares on the London Stock Exchange this week are not the only directors who have been buying into the company. Chief executive Flemming Ornskov and chairman Susan Kilby have together spent almost $1m on acquiring American Depository Shares (ADS) which trade on the US stock exchange.

IC TIP: Buy at 3850p

The group's shares, currently trading at 3,850p, have been on a downward trajectory for some months, driven by market concerns over Shire's acquisition of Illinois-based drugs company, Baxalta. The deal, which is due to complete in mid-2016, will see Shire take over the entire Baxalta share capital for £32bn. The group's strong full-year results, announced at the start of this month, were unable to rally the share price, but with six directors buying in this week, a little faith may have been restored.

 

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Action Hotels♥ Stefan Allesch-Taylor12 Feb 16210,52647.7100,421355,4510.241
Atkins (WS)♥ Allan Cook (ch)12 Feb 164,300115549,66521,4420.021
Capital Gearing Trust Jean Matterson11 Feb 162,500335283,8005,5000.179
City Merchants High Yield Trust Winifred Robbins12 Feb 1625,000168.3842,095412,1750.475
CYBG David Browne12 Feb 165,000182.16259,1085,0000.001
CYBG David Bennett15 Feb 1616,334182.6629,83616,3340.002
CYBG Adrian Grace12 Feb 1616,220184.9529,99916,2200.002
CYBG Jim Pettigrew (ch)15 Feb 1650,000182.50491,25250,0000.006
Enterprise Inns David Maloney11 Feb 1625,0007418,50050,0000.010
Enterprise Inns Adam Fowle15 Feb 1660,00079.847,88060,0000.012
Enterprise Inns Robert Walker (ch)12 Feb 1667,00075.072150,298502,0000.099
Fidessa  John Hamer (ch)15 Feb 163,0001877.456,32289,8630.235
Finsbury Growth & Income Trust♥ Neil Collins11 Feb 162,000534.81110,69652,9080.041
Gama Aviation Peter Brown15 Feb 1610,00026826,80010,0000.023
Gama Aviation Sir Ralph Robins (ch)15 Feb 1610,00026826,80010,0000.023
Gama Aviation Kevin Godley (cfo)15 Feb 1620,00026853,60020,0000.047
Gama Aviation Stephen Wright15 Feb 1625,00026867,000263,1880.612
GoldBridges Global Resources Ashar Qureshi12 Feb 162,000,0001.836,0007,880,0000.338
Greene King Philip Yea11 Feb 1630,000858.98257,69430,0000.010
Hammerson D J Atkins (ceo)15 Feb 165,000558.427,920372,0560.047
Hammerson D A Tyler (ch)15 Feb 165,000561.428,07030,0000.004
Helios Underwriting Nigel Hanbury (ceo)17 Feb 1637,292187.569,9231,370,87213.062
Land Securities  Chris Bartram12 Feb 163,000995.400229,86214,4780.002
Mporium  Nigel Walder (ch)17 Feb 16102,1549.759,9608,312,2281.769
Norcon Trond Tostrup (ch)17 Feb 16140,0001216,800512,2221.039
PayPoint Gill Barr11 Feb 162,59572818,8922,5950.004
PayPoint Neil Carson12 Feb 1610,000737.8973,78930,0000.044
Pennon  Ian McAulay15 Feb 169,703835.4881,06780,8790.020
Pinnacle Technology  Simon Duckworth  12 Feb 16100,00088,0004,500,0001.982
Pinnacle Technology  Simon Duckworth  11 Feb 16150,0008.212,3004,400,0001.938
Pinnacle Technology*  James Dodd11 Feb 161,000,0004.242,0005,065,9352.231
Pinnacle Technology*  Ian Winn (cfo)11 Feb 161,428,5714.260,0001,428,5710.629
Pinnacle Technology*  Tom Black11 Feb 164,000,0004.2168,0008,842,1993.894
Pinnacle Technology*  Gavin Lyons (ch)11 Feb 164,000,0004.2168,0004,000,0001.762
Pinnacle Technology*  Simon Duckworth  11 Feb 164,000,0004.2168,0004,000,0006.759
Renold♥ Mark Harper (ch)11 Feb 1642,73535.115,000511,9240.229
Renold John Allkins11 Feb 1669,50035.524,673144,5000.065
Rolls-Royce Holdings David Smith (cfo)12 Feb 168,33360049,99828,9210.002
Royal Dutch Shell* Sir Nigel Sheinwald 15 Feb 16124864.841,0721,1240.000
Royal Dutch Shell* Euleen Y K Goh15 Feb 162,895859.9424,89512,8950.000
Schroder UK Mid Cap Fund Robert Talbut11 Feb 162,500428.4510,7112,5000.007
Shaftesbury♥ Sally E Walden11 Feb 1620,000845169,00040,0000.014
Shire Anne Minto 12 Feb 1628035609,9684,5750.001
Shire O Bohuon12 Feb 161,0003552.1235,5211,2900.000
Shire W Burns12 Feb 161,2503563.0944,5393,2910.001
St Modwen Properties Richard Mully12 Feb 1610,000321.132,11040,0000.018
Standard Life Equity Income Trust Mark White15 Feb 162,3434209,84112,3430.028
Standard Life Equity Income Trust Mark White15 Feb 167,657420.57932,20420,0000.045
Strat Aero Tony Dunleavy (ceo)12 Feb 16250,0004.2510,6252,780,0001.957
Tate & Lyle Sir Peter Gershon (ch)12 Feb 1610,00053253,200149,2790.032
Tate & Lyle A N Hampton (cfo)11 Feb 1610,000545.8554,58520,0000.004
Tate & Lyle♥ J Ahmed (ceo)11 Feb 1640,000545.85218,3403,028,6920.649
Telford Homes David Campbell16 Feb 162,000323.746,47541,7960.056
Telford Homes David Holland16 Feb 1610,00032532,500571,4440.765
Telford Homes James Furlong17 Feb 1620,000332.566,5001,334,3421.787
Tritax Big Box REIT* R W Jewson (ch)11 Feb 164,5451245,63654,5450.007
Witan Investment Trust A L C Bell (ceo)12 Feb 165,000687.22534,361130,0000.065

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
LivaNova Daniel Moore (ch)16 Feb 161,0005687.656,87666,4370.136
London & Associated Properties A K Thapar (fd)11 Feb 16111,8472527,962120,0000.141
Matchtech♥  A S Dyer (fd)11 Feb 163,70844516,501306,2480.990
Matchtech  A S Dyer (fd)11 Feb 168,42744537,500301,5330.975
* placing/tender/open offer ♥ spouse/connected party Ω tender offer