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Restaurant Group's Hughes tucks in

Non-executive sees strong performance of shares in early October as opportunity to lock in gains
October 29, 2015

A run-up in the share price of Restaurant Group (RTN) in October prompted non-executive director Tony Hughes to lock in recent gains. Mr Hughes, a former managing director of the restaurants division at Mitchells & Butlers (MAB), cashed in half of his 400,000 shares - equivalent to 0.2 per cent of the group's shares in issue.

IC TIP: Buy at 700p

The group operates a number of restaurant chains, including Frankie & Benny's and Chiquito. The prevailing view is that the hospitality sector will be adversely affected by the implementation of the national living wage in April. But the group's chief executive predicted just a £2m impact in the first year, given many of his staff were already paid above the proposed hourly rate of £7.20. In a sense, the group has stolen a march over some of its rivals.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Amara Mining Pete Gardner (cfo)15 Oct 1587,18311.4710,0001,223,9480.291
Athelney Trust S Moore16 Oct 155,00024012,0005,0000.252
Bunzl Vanda Murray 21 Oct 153,0001,79953,9703,0000.001
CLS Philip Mortstedt15 Oct 151,2501,79722,4631,5660.004
Computacenter Greg Lock (ch)21 Oct 152,500745.518,638437,5000.357
Development Securities Matthew Weiner (ce)21 Oct 1515,000243.7536,563195,7130.157
Development Securities Richard Upton21 Oct 1515,00024937,3502,787,6992.231
Development Securities Marcus Shepherd (fd)21 Oct 1541,884238.7599,998110,6660.089
Dillistone  Jason Starr (ce)19 Oct 1512,63279.169,9993,577,06518.291
Dillistone  Julie Pomeroy (fd)19 Oct 1512,63279.169,99963,7330.326
Dillistone  Dr Mike Love (ch)19 Oct 15126,5007999,935929,7544.754
Dunelm  Andy Harrison (ch)16 Oct 1553,433928.8496,28653,4330.026
Empresaria* Anthony Martin (ch)19 Oct 151,000,00075750,00013,924,59528.406
European Wealth  Kenneth West16 Oct 157,50078.55,888326,3061.406
GAME Digital Lesley Watkins15 Oct 152,0002004,0005,0000.003
GAME Digital Martyn Gibbs (ce)21 Oct 1515,000200.630,0901,459,9110.867
GAME Digital Mark Gifford (cfo)21 Oct 1510,000200.620,06010,0000.006
GAME Digital Caspar Woolley16 Oct 155,000199.29,96010,0000.006
Genesis Emerging Markets Fund Helene Ploix20 Oct 157,310468.3434,23615,0000.011
Greenko  John Rennocks20 Oct 1530,4698726,50874,9900.048
Greenko  Vin Murria21 Oct 15152,00088133,760452,0000.290
Home Retail  Cath Keers21 Oct 155,670131.47,45048,2070.006
Home Retail  Ian Durant21 Oct 155,418131.47,11945,4210.006
Home Retail  Mike Darcey21 Oct 155,418131.47,11959,7190.007
Home Retail♥ Jacqueline de Rojas21 Oct 155,418131.47,11926,0930.003
Home Retail♥ John Coombe (ch)21 Oct 1510,412131.413,681151,8030.019
Hutchison China Meditech♥Christopher Nash19 Oct 154,5122,19599,03836,4420.064
Ilika Mike Inglis (ch)21 Oct 1565,00075.549,07565,0000.099
KBC Advanced Technologies♥Oliver Scott16 Oct 1512,50012015,00010,857,55013.188
London Stock Exchange  Donald Brydon (ch)15 Oct 155,0002,477.63123,8815,0000.001
Menhaden Capital Howard Pearce20 Oct 154,957100.854,9994,9570.006
Mercantile Investment Trust (The) Jeremy Tigue15 Oct 159101,66515,1529,2970.010
RM2 International*John Walsh (ce)20 Oct 154,187,037401,674,81526,439,7176.648
RM2 International*Ian Molson (ch)20 Oct 151,600,00040640,00011,000,0002.766
Satellite Solutions Worldwide  Paul Howard19 Oct 151,050,0003.9541,4751,550,0000.503
Sopheon Barry Mence (ch)16 Oct 1544,40684.7537,6341,348,97618.532
Sopheon Barry Mence (ch)19 Oct 1522,60082.518,6451,371,57618.843
Sopheon Stuart Silcock19 Oct 152,40082.51,980254,6273.498
Sopheon Dr Bernard Al16 Oct 155,59484.754,741100,0001.374
Strat Aero*Gerard Dempsey (cfo)21 Oct 15400,000520,000400,0000.350
Strat Aero*Tony Dunleavy (ce)21 Oct 151,000,000550,0001,330,0001.164
Strat Aero*Captain Graham Peck (ch)21 Oct 15799,955539,9986,669,5515.835
Strat Aero*Paul Ryan21 Oct 15400,000520,000400,0000.350
Tissue Regenix  Alan Miller21 Oct 15400,00016.7567,00021,886,9882.881
Transense Technologies Nigel Rogers21 Oct 15500,0001.47,0002,500,0000.529
Transense Technologies♥Nigel Rogers21 Oct 15500,0001.47,0003,000,0000.635
Vela Technologies Antony Laiker16 Oct 152,900,0000.174,93028,316,7244.848
Vela Technologies Brent Fitzpatrick (ch)16 Oct 152,900,0000.174,9304,400,0000.753

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
7digital  Ben Drury16 Oct 152,000,00010200,00010,038,6319.279
Bioventix Ian Nicholson (ch)19 Oct 155,0001,11555,75027,0000.535
City of London Investment  Carlos Yuste20 Oct 15300,000325975,00027,4250.102
DJI Rodney Davis20 Oct 1525,00043.910,9752,768,7021.887
Mattioli Woods Nathan Imlach (fd)16 Oct 1515,600612.595,550152,3110.609
Mattioli Woods Murray Smith16 Oct 1510,000612.561,250213,8140.855
Mattioli Woods♥Nathan Imlach (fd)16 Oct 1514,400612.588,200137,9110.552
Netcall Michael Jackson (ch)21 Oct 15470,00053249,100800,0000.584
Restaurant Group (The) Tony Hughes15 Oct 15200,0007051,410,000200,0000.100
SuperGroup James Holder20 Oct 1517,8751,403.84250,9369,649,31511.885
Whitbread Christopher Rogers21 Oct 1525,7514,846.051,247,90675,0000.041
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust †Depositary receipts