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Confidence vote for Cambian

Directors at Cambian have added to their holdings in the group as the company re-builds its trust with the market.
November 18, 2015

Chief executive Saleem Asaria and non-executive director Graham Rich are trying to shore up confidence in health services provider Cambian (CMBN) following a surprise profit warning in October. The group said adjusted cash profits for the full year "wouldn’t be less than £49m", but that number falls short of Numis forecasts by a sizeable 15.5 per cent.

IC TIP: Hold at 136p

Reasons for this include the surge in the group's capex requirements this year, resulting in development losses, and the impact of staff vacancies which has reduced admission numbers to Cambian’s schools and demand for its children's services.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Abcam Alan Hirzel (ce)11 Nov 153,33558019,34326,5400.013
Amec Foster Wheeler John Connolly (ch)09 Nov 1550,000547.31273,657106,3530.027
Cambian  Saleem Asaria (ce)06 Nov 15130,000151.96197,5511,636,4940.888
Cambian  Dr. Graham Rich06 Nov 156,000151.969,1186,0000.003
Camellia Malcolm Perkins (ch)11 Nov 151009,0999,0991,6730.061
City of London Investment  Mark Dwyer09 Nov 1515,00033650,40025,0000.093
Empiric Student Property Alexandra Mackesy05 Nov 1523,000108.9425,05623,0000.008
EPE Special Opportunities Clive Spears09 Nov 1520,000108.521,70065,2550.240
FastJet Tim Ingram06 Nov 15150,0006090,000188,3410.284
Gfinity *Tony Collyer (ch)09 Nov 15131,5791925,0001,034,5791.329
Gfinity *Neville Upton (ce)09 Nov 15131,5791925,00014,710,57918.897
Go-Ahead  (The) Lady Innes-Ker05 Nov 151162,523.672,927116<0.001
Grafenia Alan Roberts (fd)09 Nov 15180,00015.728,260500,0001.051
Grafenia Peter Gunning (ce)09 Nov 15201,93515.531,300886,5811.864
Gresham Computing ♥MME Royde06 Nov 1525,00010827,0006,269,6649.915
Hibernia REIT †Kevin Nowlan (ce)10 Nov 154,101,17982.5253,384,5024,249,2370.624
Hibernia REIT †William Nowlan10 Nov 152,050,58982.5251,692,2512,650,5890.389
International Personal Finance Antony Hales 09 Nov 1525,000379.8594,96475,0000.033
International Personal Finance Jayne Almond05 Nov 1521,30036978,59721,3000.009
International Personal Finance Jayne Almond05 Nov 1521,30036978,59741,3000.018
Laird Jack Boyer10 Nov 157,000345.724,19917,0000.006
Laird Kjersti Wiklund10 Nov 152,800350.779,8223,8000.001
Laird Kjersti Wiklund10 Nov 156,200347.521,54510,0000.004
Laird Michael Parker 11 Nov 1517,000346.5958,92018,0000.007
Limitless Earth Guido Contesso (ce)11 Nov 151,186,4402.7532,6271,186,4401.814
Meggitt Colin Day09 Nov 1525,000383.995,97525,0000.003
National Express  Mike McKeon09 Nov 155,000311.915,5955,0000.001
Persimmon ♥ ΩJeff Fairburn (ce)10 Nov 154041,874.557,573154,3150.050
President Energy ♥Peter Levine (ch & ce)09 Nov 1524,457,8847.0751,730,395191,625,15639.962
Redx Pharma Norman Molyneux05 Nov 156,250805,000254,8650.392
Redx Pharma Dr. Frank Armstrong (ch)05 Nov 156,250805,00018,0150.028
Redx Pharma Dr. Peter Jackson05 Nov 155,625804,5003,273,9995.038
Rolls-Royce Holdings Ruth Cairnie09 Nov 15275705.51,9407,121<0.001
Rolls-Royce Holdings Ian Davis (ch)09 Nov 15280705.51,97537,1540.002
Rolls-Royce Holdings Sir Frank Chapman09 Nov 15561705.53,95814,3030.001
Safestyle UK Steve Birmingham (ce)06 Nov 1540,000218.287,2803,933,8895.052
SDL Chris Batterham10 Nov1513,105407.7453,434100,0000.123
SDL David Clayton (ch)06 Nov 1573,950402.37297,553113,9500.140
Smurfit Kappa  Jim Lawrence06 Nov 1575,0001,8551,391,250150,0000.064
Smurfit Kappa  Jim Lawrence06 Nov 1575,0001,8311,373,25075,0000.032
Spirent Communications Jonathan Silver05 Nov 1530,00068.4120,52430,0000.005
Spirent Communications Alex Walker (ch)06 Nov 1550,0006934,500270,9590.044
Synairgen Simon Shaw (ch)11 Nov 1565,2172315,0001,474,0961.614
Synairgen Dr Philip Monk11 Nov 1521,729234,998183,4390.201
Synairgen John Ward (fd)11 Nov 1532,594237,497276,5060.303
Synairgen Richard Marsden (ce)11 Nov 1543,460239,996154,4320.169
TalkTalk Telecom  Dido Harding (ce)11 Nov 1540,966244.199,9984,295,7600.450
TechFinancials IncAsaf Lahav (ce)05 Nov 15269,83014.539,1259,322,07513.671
TechFinancials IncJeremy Lange05 Nov 15220,26014.531,9387,309,41210.719
URU Metals * David Subotic (ch)05 Nov 155,000,0000.420,00010,350,0004.520
W Resources *Michael Masterman (ch)10 Nov 1515,000,0000.575,000932,215,83526.084
Zoltav Resources IncMarcus Rhodes10 Nov 1515,000324,80015,0000.011

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint ♥ AJ Scull05 Nov 1511,3831,286.0146,385121,6170.435
City of London Investment  Carlos Yuste09 Nov 1527,42533692,14800.000
FastJet ♥Bryan Collings05 Nov 157,646,281604,587,76900.000
International Personal Finance David Broadbent06 Nov 1520,58537577,194237,4040.106
International Personal Finance ♥David Broadbent06 Nov 1529,415375110,306207,9890.093
Smurfit Kappa  Ian Curley (cfo)06 Nov 15130,0001,8282,376,40084,2670.036
Somero Enterprises IncLawrence Horsch (ch)05 Nov 155,0001316,550147,0000.262
Somero Enterprises IncLawrence Horsch (ch)10 Nov 1555,00012970,95092,0000.164
* placing/tender/open offer ♥ spouse/connected party Ω ISA/SIPP/Trust † issued as consideration for the internalisation of the Investment Manager