Investec (INVP) was resilient in the face of hostile trading conditions last year, and while the share price has remained pretty volatile this year too, it has stabilised over the summer. Regardless, director Ian Kantor chose to offload a chunk of the Johannesberg-listed shares worth 474p apiece, or £11.4m in total, and buy 600,000 call options at 379p each, which will expire in March 2021.
Despite weakness in the South African rand and political and social issues in the country, the group posted a rise in pre-tax profits of a third during the 12 months to the end of March 2016. Strong loan book growth in its South African specialist banking business was helped by Investec's wealthier clients emerging relatively unscathed from the country's economic downturn. However, the wealth and investment business suffered as a result of currency depreciation, market volatility and weaker performance fees triggered by reduced assets under management, sending operating profits down a tenth to £135m.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AA | Martin Clarke (cfo) | 28 Sep 16 | 200,000 | 292.625 | 585,250 | 988,686 | 0.162 |
Allergy Therapeutics | Manuel Llobet (ceo) | 26 Sep 16 | 100,000 | 18 | 18,000 | 3,275,000 | 0.555 |
Allergy Therapeutics | Nicholas Wykeman (fd) | 27 Sep 16 | 150,000 | 17.75 | 26,625 | 150,000 | 0.025 |
Altitude | Peter Hallett (ch) | 23 Sep 16 | 55,000 | 42.85 | 23,568 | 195,000 | 0.454 |
BAE Systems | Charles Woodburn | 22 Sep 16 | 26,498 | 536 | 142,029 | 26,538 | 0.001 |
Big Yellow | Timothy Clark | 22 Sep 16 | 1,963 | 776.17 | 15,236 | 20,615 | 0.013 |
Brewin Dolphin Holdings | David Nicol (ceo) | 28 Sep 16 | 10,000 | 270.5 | 27,050 | 83,000 | 0.029 |
C4X Discovery Holdings* | Clive Dix (ceo) | 27 Sep 16 | 465,686 | 102 | 475,000 | 1,156,936 | 3.094 |
Compass | Ireena Vittal | 22 Sep 16 | 1,863 | 1490.9456 | 27,776 | 1,863 | 0.000 |
Cropper (James)♥ | M A J Cropper (ch) | 26 Sep 16 | 1,000 | 962.5 | 9,625 | 1,243,703 | 13.169 |
Driver | Hugh Cawley (fd) | 26 Sep 16 | 21,191 | 47 | 9,960 | 21,191 | 0.067 |
Eagle Eye Solutions | Tim Mason (ceo) | 27 Sep 16 | 41,764 | 130.38 | 54,452 | 116,764 | 0.471 |
Ecofin Global Utilities and Infrastructure Trust | Martin Nѐgre | 26 Sep 16 | 359,500 | 135.5442 | 487,281 | 1,617,871 | 1.761 |
Firestone Diamonds | Raffaele Genovese (ch) | 22 Sep 16 | 1,000,000 | 44.5 | 445,000 | 2,846,944 | 0.907 |
Highcroft Investments | John Hewitt (ch) | 23 Sep 16 | 2,000 | 883.5 | 17,670 | 26,485 | 0.513 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 23 Sep 16 | 50,000 | 2099 | 1,049,500 | 6,367,450 | 2.654 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 26 Sep 16 | 50,000 | 2078 | 1,039,000 | 6,417,450 | 2.675 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 27 Sep 16 | 50,000 | 2094 | 1,047,000 | 6,467,450 | 2.696 |
Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 28 Sep 16 | 10,000 | 2085 | 208,500 | 6,477,450 | 2.700 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 23 Sep 16 | 50,000 | 2099 | 1,049,500 | 7,842,956 | 3.269 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 26 Sep 16 | 50,000 | 2078 | 1,039,000 | 7,892,956 | 3.290 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 27 Sep 16 | 50,000 | 2094 | 1,047,000 | 7,942,956 | 3.311 |
Hikma Pharmaceuticals♥ | Mazen Darwazah | 28 Sep 16 | 10,000 | 2085 | 208,500 | 7,952,956 | 3.315 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 23 Sep 16 | 50,000 | 2099 | 1,049,500 | 13,912,468 | 5.799 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 26 Sep 16 | 50,000 | 2078 | 1,039,000 | 13,962,468 | 5.819 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 27 Sep 16 | 50,000 | 2094 | 1,047,000 | 14,012,468 | 5.840 |
Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 28 Sep 16 | 10,000 | 2085 | 208,500 | 14,022,468 | 5.844 |
IndigoVision | Chris Lea (cfo) | 23 Sep 16 | 5,000 | 163 | 8,150 | 15,000 | 0.197 |
Informa | John Rishton | 23 Sep 16 | 6,945 | 714.5 | 49,622 | 6,945 | 0.001 |
Marlowe | Charles Skinner | 27 Sep 16 | 28,882 | 170 | 49,099 | 467,156 | 1.701 |
Marlowe | Derek O'Neill (fd) | 27 Sep 16 | 89,129 | 170 | 151,519 | 828,432 | 3.016 |
Marlowe | Peter Gaze | 27 Sep 16 | 73,649 | 170 | 125,203 | 600,625 | 2.187 |
McKay Securities | Viscount Lifford | 22 Sep 16 | 15,000 | 200 | 30,000 | 100,000 | 0.107 |
Ocado | Andrew Harrison | 22 Sep 16 | 11,500 | 257.626 | 29,627 | 11,500 | 0.002 |
Onesavings Bank | Andrew Doman | 26 Sep 16 | 15,000 | 259.6 | 38,940 | 15,000 | 0.006 |
OneSavings Bank | Andrew Doman | 27 Sep 16 | 85,499 | 261.25 | 223,366 | 100,499 | 0.041 |
River and Mercantile UK Micro Cap Investment Co | Trudi Clark | 27 Sep 16 | 16,885 | 118.45 | 20,000 | 16,885 | 0.025 |
Safestyle UK | Steve Birmingham (ceo) | 26 Sep 16 | 17,500 | 280.6 | 49,105 | 4,149,846 | 5.011 |
Sanditon Investment Trust♥ | Christopher Keljik | 26 Sep 16 | 65,000 | 105 | 68,250 | 265,000 | 0.530 |
Smart Metering Systems | Miriam Greenwood | 23 Sep 16 | 4,650 | 545.5 | 25,366 | 14,650 | 0.016 |
Vectura | Bruno Angelici (ch) | 26 Sep 16 | 80,000 | 142.6673 | 114,134 | 92,903 | 0.014 |
WYG | Jeremy Beeton | 26 Sep 16 | 10,000 | 118.499 | 11,850 | 15,000 | 0.022 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Alliance Pharma | John Dawson (ceo) | 22 Sep 16 | 3,000,000 | 45.25 | 1,357,500 | 56,576,402 | 12.000 |
Close Brothers | Elizabeth Lee | 27 Sep 16 | 20,000 | 1417 | 283,400 | 45,292 | 0.030 |
Eco Animal Health | Peter Lawrence (ch) | 28 Sep 16 | 415,000 | 488 | 2,025,200 | 9,938,477 | 15.362 |
Finsbury Food | Paul Monk | 28 Sep 16 | 146,000 | 124 | 181,040 | 145,547 | 0.112 |
Fisher (James) & Sons♥ | N P Henry (ceo) | 22 Sep 16 | 3,940 | 1650 | 65,010 | 191,022 | 0.380 |
GB♥ | Dave Wilson (fd) | 26 Sep 16 | 50,000 | 346.2 | 173,320 | 245,592 | 0.183 |
Galliford Try♥ | Andrew Jenner | 22 Sep 16 | 12,433 | 1335.9 | 166,092 | 1,000 | 0.001 |
Hansard Global | Gordon Marr (ceo) | 22 Sep 16 | 75,000 | 115 | 86,250 | 225,000 | 0.164 |
Hargreaves Lansdown♥ | Ian Gorham (ceo) | 22 Sep 16 | 155,000 | 1304 | 2,021,200 | 139,628 | 0.029 |
Investec | Ian Kantor | 23 Sep 16 | 2,400,000 | 474 | 11,376,000 | 1,009,045 | 0.154 |
MJ Gleeson♥ | Chris Mills | 28 Sep 16 | 1,000,000 | 600 | 6,000,000 | 10,055,000 | 18.579 |
WYG | David Jeffcoat | 26 Sep 16 | 40,000 | 116.42 | 46,568 | 152,916 | 0.223 |
WYG | David Jeffcoat | 27 Sep 16 | 5,000 | 115.26 | 5,763 | 147,916 | 0.215 |
Walker Crips | Robert Elliott | 23 Sep 16 | 40,000 | 46 | 18,400 | 369,794 | 0.965 |
Walker Crips | Robert Elliott | 27 Sep 16 | 100,000 | 46.5 | 46,500 | 271,094 | 0.707 |
XP Power | James Peters (ch) | 26 Sep 16 | 120,000 | 1700 | 2,040,000 | 1,929,279 | 10.026 |
* placing/tender/open offer ♥ spouse/connected party |