There's nothing like a bit of share buying by directors to boost confidence, but in the case of Capital & Counties (CAPC) something more might be needed to reverse a near-third drop in the share price in the past six months, which includes an 8 per cent drop on the day 2015 results were announced in late February.
The Covent Garden property estate is doing well, but the residential development in Earls Court is feeling the squeeze on expensive property exerted through a combination of higher taxes and weaker demand from overseas buyers. In fact, when phase two of the sales programme was launched last September, CapCo released 70 flats, and by 10 November had reservations/sales on around 28 of them. But the same statement accompanied the finals results in February, which suggests that in the five months since November nothing has been sold. Sales inducements are already coming into play and this can only squeeze margins. Gary Yardley, the chief investment officer responsible for the Earls Court development, has bought 30,000 shares and was accompanied by a similar purchase by Soumen Das, chief financial officer, and 50,000 by chief executive Ian Hawksworth.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Asian Income Fund | PAK Arthur (ch) | 19 Feb 16 | 345 | 144 | 497 | 48067 | 0.025 |
Aberdeen Asian Income Fund | PAK Arthur (ch) | 22 Feb 16 | 338 | 148 | 500 | 48405 | 0.025 |
Bank of Ireland ♥ | Andrew Keating (cfo) | 22 Feb 16 | 95,197 | 25.97 | 24,723 | 328,805 | 0.001 |
Bank of Ireland (Governor & Co of) | Richie Boucher (ce) | 22 Feb 16 | 190,398 | 25.97 | 49,446 | 571,355 | 0.002 |
Capital & Counties Properties | Soumen Das (fd) | 24 Feb 16 | 30,000 | 319.4609 | 95,838 | 282,018 | 0.033 |
Capital & Counties Properties | Gary Yardley | 24 Feb 16 | 30,000 | 322.8 | 96,840 | 472,972 | 0.056 |
Capital & Counties Properties | John Gerard Murphy | 24 Feb 16 | 30,000 | 332.3 | 99,690 | 30,000 | 0.004 |
Capital & Counties Properties | Ian Hawksworth (ceo) | 24 Feb 16 | 50,000 | 319.4609 | 159,730 | 820,604 | 0.097 |
Conygar Investment Company | Nigel Hamway (ch) | 24 Feb 16 | 10,000 | 166.93 | 16,693 | 1,009,700 | 1.293 |
Datatec♥ | C S Seabrooke | 18 Feb 16 | 200,000 | 209.3705 | 418,741 | 500,000 | 0.239 |
DDD | Sanji Arisawa | 24 Feb 16 | 400,000 | 2.5 | 10,000 | 2,889,200 | 1.518 |
eServGlobal♥ | John Conoley (ch) | 18 Feb 16 | 241,065 | 2.07 | 4,990 | 917,067 | 0.345 |
Gabelli Value Plus+ Trust | Andrew Bell (ch) | 18 Feb 16 | 25,000 | 86 | 21,500 | 100,000 | 0.100 |
Grainger | Helen Gordon (ce) | 23 Feb 16 | 3,637 | 216.25 | 7,865 | 57,423 | 0.014 |
Greene King♥ | Mike Coupe | 23 Feb 16 | 1,690 | 881.67 | 14,900 | 3,690 | 0.001 |
Hogg Robinson | Paul Williams | 24 Feb 16 | 35,000 | 66 | 23,100 | 135,000 | 0.041 |
Hogg Robinson | Nigel Northridge | 22 Feb 16 | 100,000 | 66 | 66,000 | 100,000 | 0.031 |
International Biotechnology Trust | Jim Horsburgh | 18 Feb 16 | 5,000 | 421.71 | 21,086 | 15,000 | 0.038 |
Jarvis Securities♥ | Andrew Grant (ch & ceo) | 19 Feb 16 | 18,500 | 337 | 62,345 | 5,857,150 | 53.130 |
McKay Securities | Viscount Lifford | 24 Feb 16 | 10,000 | 234 | 23,400 | 70,000 | 0.075 |
Morgan Advanced Materials | Douglas Caster | 24 Feb 16 | 18,000 | 214.1 | 38,538 | 18,000 | 0.006 |
MS International♥ | Michael Bell (ch) | 22 Feb 16 | 50,000 | 196 | 98,000 | 4,885,173 | 29.599 |
Oxford BioMedica | Lorenzo Tallarigo | 25 Feb 16 | 36,370 | 6.51 | 23,677 | 36,370 | 0.001 |
Oxford BioMedica♥ | Martin Diggle | 24 Feb 16 | 46,693 | 6.35 | 2,965 | 475,140,655 | 17.579 |
Redefine International* | Adrian Horsburgh | 23 Feb 16 | 10,000 | 42.5 | 4,250 | 10,000 | 0.001 |
Redefine International* | Robert Orr | 23 Feb 16 | 23,529 | 42.5 | 10,000 | 23,529 | 0.001 |
Redefine International* | Gavin Tipper | 23 Feb 16 | 100,000 | 42.5 | 42,500 | 508,630 | 0.029 |
Redefine International* | Marc Wainer | 23 Feb 16 | 195,000 | 42.5 | 82,875 | 1,676,545 | 0.095 |
Redefine International* | Michael Watters (ceo) | 23 Feb 16 | 352,941 | 42.5 | 150,000 | 6,515,638 | 0.369 |
Segro | Mark Robertshaw | 24 Feb 16 | 8,000 | 419.7 | 33,576 | 16,000 | 0.002 |
Segro | Christopher Fisher | 25 Feb 16 | 5,000 | 415.6 | 20,800 | 15,842 | 0.002 |
Shaftesbury | Hilary Riva | 24 Feb 16 | 6,000 | 823.95 | 49,437 | 16,479 | 0.006 |
Smurfit Kappa♥ | Christel Bories | 18 Feb 16 | 1,800 | 2261 | 40,698 | 1,800 | 0.001 |
SSE | Katie Bickerstaffe | 18 Feb 16 | 1,421 | 1393.99 | 19,809 | 5,079 | 0.001 |
Tungsten Corp | Nick Parker (ch) | 18 Feb 16 | 25,000 | 68 | 17,000 | 350,000 | 0.278 |
Vipera | Martin Perrin (cfo) | 19 Feb 16 | 150,000 | 3.25 | 4,875 | 1,070,000 | 0.414 |
Vipera | Marco Casartelli (ce) | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 30,694,303 | 11.874 |
Vipera | Mauro Duca | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 8,077,500 | 3.125 |
Vipera | Petter Neby | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 42,018,730 | 16.255 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Baronsmead VCT 3 | Andrew Karney | 24 Feb 16 | 40,000 | 98 | 39,200 | 64,340 | 0.086 |
Diverse Income Trust | Michael Wrobel (ch) | 19 Feb 16 | 10,000 | 90.4 | 9,040 | 241,539 | 0.063 |
MS International♥ | David Pyle | 22 Feb 16 | 50,000 | 196 | 98,000 | 1,790,359 | 10.848 |
*Placing/tender/open offer ♥Spouse/connected party ΩTender offer |