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Director takes a cut as Gamma shares surge

The telecoms company has had an exceptional run since it joined Aim in 2014 and a non-executive director is reaping the rewards
September 22, 2016

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.

IC TIP: Hold at 515p

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       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Smaller Co Income Trust David Fletcher12 Sep 164,917202.3599,9504,9170.022
AdEPT Telecom* Richard Burbage08 Sep 1685,000235199,750210,0000.934
Beazley♥ Catherine Woods13 Sep 1630,000403.07120,92130,0000.006
Beazley♥ J P Sauerland13 Sep 1610,000407.3140,73120,0000.004
Beazley♥ J P Sauerland13 Sep 1610,000408.0740,80710,0000.002
Beazley♥ J P Sauerland13 Sep 1610,000408.0740,80730,0000.006
Carr's  Ian Wood12 Sep 169,000156.714,10310,0000.011
Christie  David Rugg (ceo)14 Sep 1615,0009013,5002,811,04610.597
Conviviality Jennifer Laing13 Sep 1611,401219.1224,98211,4010.007
Cropper (James)♥ M A J Cropper (ch)08 Sep 163,15098531,0281,242,70313.199
Forterra Stephen Harrison (ceo)08 Sep 163,000166.354,99114,3880.007
Frontier Developments♥ David Gammon (ch)09 Sep 1614,30018826,884341,7201.002
Frontier Developments♥ David Gammon (ch)09 Sep 1615,70018529,045327,4200.960
Genus Bob Lawson (ch)08 Sep 161,356197226,7408,5570.014
Greencoat UK Wind Tim Ingram (ch)12 Sep 1613,923113.21315,763300,3870.050
Hikma Pharmaceuticals Mohammed Al-Husry09 Sep 16150,00021623,243,0006,147,1992.562
Hikma Pharmaceuticals Mazen Darwazah09 Sep 16150,00021623,243,0007,622,7053.177
Hikma Pharmaceuticals Said Darwazah (ch & ceo)09 Sep 16150,00021623,243,00013,692,2175.707
Huntsworth Neil Jones (cfo)09 Sep 1645,00042.1518,968330,0000.100
LMS Capital Rod Birkett12 Sep 1625,00059.2514,81325,0000.024
Marlowe Charles Skinner09 Sep 1629,94117050,900438,2741.783
Marlowe Derek O'Neill (fd)09 Sep 1672,636170123,481739,3033.008
Marlowe Peter Gaze09 Sep 1676,351170129,797526,9762.144
McBride Chris Smith (cfo)08 Sep 164,198173.637,28941,0110.023
McBride Rik De Vos (ceo)08 Sep 1610,000174.7517,47540,0000.022
McBride Neil Harrington12 Sep 163,000176.185,28530,0000.016
McBride Neil Harrington12 Sep 167,000176.030512,32227,0000.015
Microsaic Systems* A Holmes13 Sep 16300,000515,0003,182,1114.337
Microsaic Systems* C Nicholl (ch)13 Sep 16500,000525,0004,303,5595.866
Microsaic Systems* E Yeatman13 Sep 16500,000525,0003,896,6325.311
Microsaic Systems* J Ramage (ceo)13 Sep 16500,000525,000798,5791.088
Microsaic Systems* B Metcalf (fd)13 Sep 16300,000515,000300,0000.409
Microsaic Systems* C Buckley13 Sep 16300,000515,000300,0000.409
Microsaic Systems* G Tracey13 Sep 16300,000515,000300,0000.409
Mporium  Aidan Casey09 Sep 1649,7937.253,6104,111,3550.803
Mporium  Barry Moat (ceo)08 Sep 16285,000719,9509,707,1961.896
Mporium  Barry Moat (ceo)09 Sep 16200,000714,0009,907,1961.935
Mporium  Nigel Walder (ch)09 Sep 16139,7157.2510,1298,451,9431.651
Octagonal Martin Davison14 Sep 161,750,0001.729,75016,765,0002.993
Plastics Capital Keith Butler-Wheelhouse12 Sep 1650,000111.2555,625197,5000.554
Telit Communications Oozi Cats (ceo)12 Sep 16100,000229229,00022,961,97720.008
Trakm8 William Duffy14 Sep 1620,00020040,00040,0000.123
TyraTech Jim Hills14 Sep 16500,0002.512,5003,029,9571.386
Ubisense♥  O Scott12 Sep 1612,50035.24,40015,614,99327.959

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Gamma Communications Andrew Stone08 Sep 16300,0004851,455,0001,700,0001.857
Gear4music♥ Peter Armitage12 Sep 161,760,0002103,696,0003,069,48215.228
Gear4music♥ Peter Armitage14 Sep 16240,000210504,0002,829,48214.038
ITV Ian Griffiths (fd)12 Sep 16500,000199.3996,5001,254,5540.031
Shawbrook  Robin Ashton12 Sep 166,42723415,039590,4050.236
* placing/tender/open offer ♥ spouse/connected party