A post-referendum dip left shares in telecom specialist Gamma Communications (GAMA) relatively cheap. But it didn't take long for the market to realise its mistake. Since July, the share price has risen dramatically, and now stands at an all-time high of 515p. It's hardly surprising, therefore, that non-executive director Andrew Stone - who bought into the company at the December 2014 IPO - has decided to let go of another 300,000 shares, cashing in £1.45m. Considering the shares were floated at 187p, he has made a decent profit.
Mr Stone does retain a holding worth 1.9 per cent, however, and no one can blame him for wanting to hold on to a portion of the shares. There's clear momentum behind the share price and the current demand for internet-enabled voice, data and cloud services hints at future growth opportunities. Recent interim results reported rocketing revenues and profits as Gamma signed up new customers and generated higher margins on its new bundled products.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Smaller Co Income Trust | David Fletcher | 12 Sep 16 | 4,917 | 202.359 | 9,950 | 4,917 | 0.022 |
AdEPT Telecom* | Richard Burbage | 08 Sep 16 | 85,000 | 235 | 199,750 | 210,000 | 0.934 |
Beazley♥ | Catherine Woods | 13 Sep 16 | 30,000 | 403.07 | 120,921 | 30,000 | 0.006 |
Beazley♥ | J P Sauerland | 13 Sep 16 | 10,000 | 407.31 | 40,731 | 20,000 | 0.004 |
Beazley♥ | J P Sauerland | 13 Sep 16 | 10,000 | 408.07 | 40,807 | 10,000 | 0.002 |
Beazley♥ | J P Sauerland | 13 Sep 16 | 10,000 | 408.07 | 40,807 | 30,000 | 0.006 |
Carr's | Ian Wood | 12 Sep 16 | 9,000 | 156.7 | 14,103 | 10,000 | 0.011 |
Christie | David Rugg (ceo) | 14 Sep 16 | 15,000 | 90 | 13,500 | 2,811,046 | 10.597 |
Conviviality | Jennifer Laing | 13 Sep 16 | 11,401 | 219.12 | 24,982 | 11,401 | 0.007 |
Cropper (James)♥ | M A J Cropper (ch) | 08 Sep 16 | 3,150 | 985 | 31,028 | 1,242,703 | 13.199 |
Forterra | Stephen Harrison (ceo) | 08 Sep 16 | 3,000 | 166.35 | 4,991 | 14,388 | 0.007 |
Frontier Developments♥ | David Gammon (ch) | 09 Sep 16 | 14,300 | 188 | 26,884 | 341,720 | 1.002 |
Frontier Developments♥ | David Gammon (ch) | 09 Sep 16 | 15,700 | 185 | 29,045 | 327,420 | 0.960 |
Genus | Bob Lawson (ch) | 08 Sep 16 | 1,356 | 1972 | 26,740 | 8,557 | 0.014 |
Greencoat UK Wind | Tim Ingram (ch) | 12 Sep 16 | 13,923 | 113.213 | 15,763 | 300,387 | 0.050 |
Hikma Pharmaceuticals | Mohammed Al-Husry | 09 Sep 16 | 150,000 | 2162 | 3,243,000 | 6,147,199 | 2.562 |
Hikma Pharmaceuticals | Mazen Darwazah | 09 Sep 16 | 150,000 | 2162 | 3,243,000 | 7,622,705 | 3.177 |
Hikma Pharmaceuticals | Said Darwazah (ch & ceo) | 09 Sep 16 | 150,000 | 2162 | 3,243,000 | 13,692,217 | 5.707 |
Huntsworth | Neil Jones (cfo) | 09 Sep 16 | 45,000 | 42.15 | 18,968 | 330,000 | 0.100 |
LMS Capital | Rod Birkett | 12 Sep 16 | 25,000 | 59.25 | 14,813 | 25,000 | 0.024 |
Marlowe | Charles Skinner | 09 Sep 16 | 29,941 | 170 | 50,900 | 438,274 | 1.783 |
Marlowe | Derek O'Neill (fd) | 09 Sep 16 | 72,636 | 170 | 123,481 | 739,303 | 3.008 |
Marlowe | Peter Gaze | 09 Sep 16 | 76,351 | 170 | 129,797 | 526,976 | 2.144 |
McBride | Chris Smith (cfo) | 08 Sep 16 | 4,198 | 173.63 | 7,289 | 41,011 | 0.023 |
McBride | Rik De Vos (ceo) | 08 Sep 16 | 10,000 | 174.75 | 17,475 | 40,000 | 0.022 |
McBride | Neil Harrington | 12 Sep 16 | 3,000 | 176.18 | 5,285 | 30,000 | 0.016 |
McBride | Neil Harrington | 12 Sep 16 | 7,000 | 176.0305 | 12,322 | 27,000 | 0.015 |
Microsaic Systems* | A Holmes | 13 Sep 16 | 300,000 | 5 | 15,000 | 3,182,111 | 4.337 |
Microsaic Systems* | C Nicholl (ch) | 13 Sep 16 | 500,000 | 5 | 25,000 | 4,303,559 | 5.866 |
Microsaic Systems* | E Yeatman | 13 Sep 16 | 500,000 | 5 | 25,000 | 3,896,632 | 5.311 |
Microsaic Systems* | J Ramage (ceo) | 13 Sep 16 | 500,000 | 5 | 25,000 | 798,579 | 1.088 |
Microsaic Systems* | B Metcalf (fd) | 13 Sep 16 | 300,000 | 5 | 15,000 | 300,000 | 0.409 |
Microsaic Systems* | C Buckley | 13 Sep 16 | 300,000 | 5 | 15,000 | 300,000 | 0.409 |
Microsaic Systems* | G Tracey | 13 Sep 16 | 300,000 | 5 | 15,000 | 300,000 | 0.409 |
Mporium | Aidan Casey | 09 Sep 16 | 49,793 | 7.25 | 3,610 | 4,111,355 | 0.803 |
Mporium | Barry Moat (ceo) | 08 Sep 16 | 285,000 | 7 | 19,950 | 9,707,196 | 1.896 |
Mporium | Barry Moat (ceo) | 09 Sep 16 | 200,000 | 7 | 14,000 | 9,907,196 | 1.935 |
Mporium | Nigel Walder (ch) | 09 Sep 16 | 139,715 | 7.25 | 10,129 | 8,451,943 | 1.651 |
Octagonal | Martin Davison | 14 Sep 16 | 1,750,000 | 1.7 | 29,750 | 16,765,000 | 2.993 |
Plastics Capital | Keith Butler-Wheelhouse | 12 Sep 16 | 50,000 | 111.25 | 55,625 | 197,500 | 0.554 |
Telit Communications | Oozi Cats (ceo) | 12 Sep 16 | 100,000 | 229 | 229,000 | 22,961,977 | 20.008 |
Trakm8 | William Duffy | 14 Sep 16 | 20,000 | 200 | 40,000 | 40,000 | 0.123 |
TyraTech | Jim Hills | 14 Sep 16 | 500,000 | 2.5 | 12,500 | 3,029,957 | 1.386 |
Ubisense♥ | O Scott | 12 Sep 16 | 12,500 | 35.2 | 4,400 | 15,614,993 | 27.959 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Gamma Communications | Andrew Stone | 08 Sep 16 | 300,000 | 485 | 1,455,000 | 1,700,000 | 1.857 |
Gear4music♥ | Peter Armitage | 12 Sep 16 | 1,760,000 | 210 | 3,696,000 | 3,069,482 | 15.228 |
Gear4music♥ | Peter Armitage | 14 Sep 16 | 240,000 | 210 | 504,000 | 2,829,482 | 14.038 |
ITV | Ian Griffiths (fd) | 12 Sep 16 | 500,000 | 199.3 | 996,500 | 1,254,554 | 0.031 |
Shawbrook | Robin Ashton | 12 Sep 16 | 6,427 | 234 | 15,039 | 590,405 | 0.236 |
* placing/tender/open offer ♥ spouse/connected party |