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Directors give a standing Avation

Two of Avation's board members have increased their stakes, as the deals keep flying in for the aircraft leasing company.
January 13, 2016

A high-flying favourite of Simon Thompson, Avation (AVAP), has delivered a third aircraft to UK low-cost airline Flybe Group (FLYB), on behalf of Scandinavian Airlines System (SAS) under a contract between the two carriers. The aircraft, a turbo-prop ATR 72-600, is the 26th such model purchased by Avation since 2011, making the firm the second largest leaser of this line of aircraft globally. The deal comes on top of a December mandate from Vietjet Air for the lease of four new Airbus A321 aircraft during 2016, with an option for a fifth.

IC TIP: Buy at 151p

This progress hasn't gone unnoticed. In a recent online column, Simon highlighted that New Jersey-based fund Ocean Capital Management had increased its stake in Avation from 23.5 per cent to 28 per cent. Avation's directors have also been boosting their exposure: chairman Jeff Chatfield forked out just over £180,000 for another 139,635 shares in the aircraft leasing company, while executive director Rodney Mahoney added 20,000 shares to his personal holding.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Asset Management Richard Mully06 Jan 1610,000266.826,68060,0000.005
Access Intelligence Michael Jackson (ch)04 Jan 161,425,0003.549,87529,098,96110.165
Akers Biosciences Dr. Raymond Akers (co-ch & ce)06 Jan 162,10091.340391,91872,1001.455
Alliance Trust Katherine Garrett-Cox (ce)05 Jan 161,810507.59,1861,336,2360.254
Alliance Trust ΩJohn Hylands05 Jan 16373507.51,89386,9400.017
Alliance Trust ΩJohn Hylands05 Jan 16279507.51,41687,2190.017
Alliance Trust ΩKatherine Garrett-Cox (ce)05 Jan 161,279507.56,491448,2530.085
Avation Roderick Mahoney31 Dec 1520,00012925,800300,0000.574
Avation Jeff Chatfield (ch)31 Dec 15139,635129180,12910,370,00120.150
Candover Investments Malcolm Fallen (ce)04 Jan 162,5582155,50071,6230.329
CLS Holdings Sten Mortstedt (ch)04 Jan 162331,6943,94721,361,19350.690
Coms Mark Braund04 Jan 161,388,8881.8926,25010,238,8880.737
Constellation Healthcare Tech *John Johnston (ch)06 Jan 1625,00016040,00054,6300.062
Constellation Healthcare Tech *Paul Parmar (ce)06 Jan 161,658,7501602,654,00041,892,83347.442
Constellation Healthcare Tech *Sotirios Zaharis (cfo)06 Jan 16310,625160497,000310,6250.352
Constellation Healthcare Tech *Sir Rod Aldridge OBE06 Jan 16312,500160500,0001,053,2411.193
Egdon Resources Andrerw Lodge04 Jan 16500,0009.547,500500,0000.226
Electra Private Equity Edward Bramson05 Jan 1617,5003,741654,67510,854,50126.887
European Investment Trust (The) MB Moule05 Jan 161,500714.0410,7119,0000.021
First Quantum Minerals Peter St George31 Dec 154,723317.5114,996483,1630.071
GlaxoSmithKline ψHans Wijers31 Dec 155201,3837,1924,670<0.001
GlaxoSmithKline ψVindi Banga31 Dec 151,5371,38321,2571,537<0.001
GlaxoSmithKline ψVindi Banga31 Dec 155661,2517,0812,103<0.001
GlaxoSmithKline ψStacey Cartwright31 Dec 155201,3837,1928,104<0.001
GlaxoSmithKline ψUrs Rohner31 Dec 156101,3838,4362,064<0.001
GlaxoSmithKline ψProf Sir Roy Anderson31 Dec 156551,3839,05922,787<0.001
GlaxoSmithKline ψSir Philip Hampton (ch)31 Dec 153,1631,38343,7449,730<0.001
GlaxoSmithKline † ψJudy Lewent31 Dec 157971,38311,02334,6290.001
GlaxoSmithKline † ψLynn Elsenhans31 Dec 151,8251,38325,24028,5920.001
GlaxoSmithKline † ψDr Daniel Podolsky Jr31 Dec 151,6661,38323,04172,3790.001
GlaxoSmithKline † ψDr Stephanie Burns31 Dec 158211,38311,35439,1410.001
GlaxoSmithKline † ψSir Deryck Maughan31 Dec 152,2211,38330,71698,6310.002
GLI Finance Andrew Whelan (ce)06 Jan 1643,53936.3915,8443,730,0001.622
GLI Finance Andrew Whelan (ce)06 Jan 1670,00036.525,5503,800,0001.653
Harbourvest Global Private Equity Keith Corbin06 Jan 163,257906.529,52525,0000.031
InterQuest  David Bygrave (cfo)04 Jan 1612,5008510,62512,5000.035
John Laing  Jeremy Beeton05 Jan 164,000206.388,25514,2560.004
Lookers Andy Bruce (ce)05 Jan 1615,34058.668,998657,4260.166
Lookers Robin Gregson (fd)05 Jan 1615,34058.668,998373,1550.094
M Winkworth Dominic Agace (ce)04 Jan 164,5001386,210550,6284.324
Mercantile Investment Trust (The) AG Lennox06 Jan 165,0001,80390,1505,0000.005
Non-Standard Finance Heather McGregor31 Dec 155,26984.754,46532,5190.011
Non-Standard Finance Heather McGregor31 Dec 154,42084.753,74636,9400.013
Petroneft Resources Dennis Francis (ce)06 Jan 161,500,0002.2533,75025,890,4163.661
Plant Impact John Brubaker (ce)05 Jan 1614,000567,840660,0000.811
Provexis Dawson Buck (ch)06 Jan 162,093,5670.2655,54815,000,0000.911
PZ Cussons Richard Harvey (ch)31 Dec 154,300289.612,45387,5430.020
Schroders Nichola Pease06 Jan 16922,139.101,968353<0.001
Schroders Robin Buchanan06 Jan 161162,139.102,4818,9610.004
Sunrise Resources ΩPatrick Cheetham (ch)06 Jan 16750,0000.2071,55326,725,9513.867
Treatt Daemmon Reeve (ce)06 Jan 164,245167.57,110139,1210.265
U and I  Richard Upton06 Jan 165,47723112,6522,854,3012.284
United Cacao  Dennis Melka (ch & ce)05 Jan 165,0001437,1505,239,82127.331

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
APR Energy ★Laurence Anderson (ce)05 Jan 162,429,5121754,251,6464,511,9514.787
APR Energy ★John Campion (ch)05 Jan 162,429,5121754,251,6464,511,9514.787
Assura Jonathan Murphy (fd)06 Jan 161,064,35455585,395876,2500.054
China Nonferrous Gold Abuali Ismatov06 Jan 16100,0002424,0002,502,6030.654
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/SippP/Trust †Depositary receipts ★Pursuant to Apple Bidco bid ψReinvestment of dividends