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OneSavings Bank directors sell down

The challenger bank's shares are recovering ground since the EU referendum, and some of the group's directors have noticed
December 15, 2016

You just can't keep a good challenger bank down. Shares in OneSavings Bank (OSB), which specialises in buy-to-let and small business lending, are now flat for the 2016 calendar year. That's despite the ramp-up in stamp duty for second homes, introduced in April, and the Brexit vote, which made investors nervy about the outlook for UK property.

IC TIP: Buy at 352p

Taking advantage of a recovery in the share price, chief financial officer April Talintyre, commercial director Jens Bech, and the spouses of two other executive team members have sold a total of just over 822,000 shares between them. Ms Talintyre's sale of 200,000 shares for a total value of £626,000 leaves her with a holding of 579,415 shares.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Avon Rubber♥ Paul Rayner01 Dec 164,650104948,7794,6500.015
Beazley Angela Crawford-Ingle07 Dec 165,157384.6819,83826,0070.005
Beazley Robert Stuchbery01 Dec 1610,600375.2239,77310,6000.002
Beazley Robert Stuchbery02 Dec 1610,600376.4439,90321,2000.004
Beazley Robert Stuchbery05 Dec 1610,600377.4740,01231,8000.006
Beazley Robert Stuchbery06 Dec 1610,600377.1439,97742,4000.008
Beazley Robert Stuchbery07 Dec 1610,600381.6740,45753,0000.010
CyanConnode Holdings* John Read01 Dec 16898,0720.181,61751,224,8230.325
CyanConnode Holdings* John Cronin (ch)01 Dec 1610,826,2070.1819,487336,375,5682.136
CyanConnode Holdings* Henry Berry01 Dec 164,157,5560.187,48479,929,0700.507
CyanConnode Holdings* Simon Smith (cfo)01 Dec 164,873,8220.188,773192,758,6651.224
GB  Richard Linford06 Dec 1630,000269.7580,925300,1830.224
Gaming Realms Michael Buckley (ch)06 Dec 16250,00016.441,00021,750,0007.934
Gaming Realms Michael Buckley (ch)07 Dec 16250,00016.2540,62522,000,0008.025
Gattaca Brian Wilkinson (ceo)07 Dec 1634,488288.599,498127,2100.410
Gattaca Patrick Shanley (ch)07 Dec 1615,000288.543,27515,0000.048
Horizon Discovery  Darren Disley (ceo)02 Dec 1625,00011729,250714,5230.750
Horizon Discovery  Ian Gilham (ch)01 Dec 1625,000117.929,47556,4880.059
Horizon Discovery♥  Jonathan Milner01 Dec 1691,000115104,6509,790,68010.281
Horizon Discovery  Susan Galbraith02 Dec 1640,000119.7547,90040,0000.042
Horizon Discovery  Richard Vellacott (cfo)01 Dec 1610,00011711,70017,0000.018
Horizon Discovery  Richard Vellacott (cfo)02 Dec 1610,00011711,70027,0000.028
Jersey Oil and Gas* Frank Moxon05 Dec 164,5451105,00084,9350.857
Jersey Oil and Gas* Andrew Benitz (ceo)05 Dec 1622,72711025,000627,1426.324
Jersey Oil and Gas* Marcus Stanton (ch)05 Dec 1622,72711025,00024,1920.244
Jersey Oil and Gas* Ronald Lansdell05 Dec 1645,45511050,001884,6638.921
Jersey Oil and Gas* Scott Richardson Brown (fd)05 Dec 169,09111010,00016,3910.165
Keller  James Hind (fd)07 Dec 166,25078749,188152,4350.212
Keller  James Hind (fd)07 Dec 166,25079049,375158,6850.221
Keller  Peter Hill (ch)07 Dec 166,000801.8148,10916,0000.022
Motorpoint  Gordon Hurst05 Dec 1640,00012550,00065,0000.065
NAHL  Russell Atkinson (ceo)05 Dec 1610,00014014,000350,7800.774
NAHL  Steve Dolton (cfo)05 Dec 1610,00014014,000661,4981.459
NAHL♥  Steve Dolton (cfo)05 Dec 1610,00014014,000671,4981.481
Netcall Michael Neville01 Dec 16100,0005555,000582,5480.420
NextEnergy Solar Fund Kevin Lyon (ch)07 Dec 1620,00010821,60080,0000.018
NextEnergy Solar Fund♥ Kevin Lyon (ch)07 Dec 1680,00010886,400160,0000.035
NextEnergy Solar Fund Vic Holmes07 Dec 16100,000107.7107,700110,0000.024
SDL Christopher Humphrey07 Dec 1615,000432.564,87515,0000.018
Saga Lance Batchelor (ceo)06 Dec 1626,256189.4849,75089,6170.008
Tasty*Jonny Plant02 Dec 1668,966145100,0014,263,8437.139
Tasty*Adam Kaye02 Dec 16517,241145749,9998,457,47914.161
Tasty*Keith Lassman (ch)02 Dec 1613,79314520,000148,4330.249
Tasty*Sam Kaye02 Dec 161,060,3491451,537,50610,750,58918.000
Upland Resources* George Staley (ceo)01 Dec 163,461,5381.345,00019,749,1025.154
Upland Resources* Bolhassan Bin Haji Di01 Dec 163,846,1601.350,0006,846,1601.787
Upland Resources* Jeremy King01 Dec 16769,2301.310,000769,2300.201
Upland Resources* Mohamad Zakaria (ch)01 Dec 1656,692,3021.3737,000119,568,94431.205
Urban&Civic Ian Barlow05 Dec 1610,00021021,00053,6000.037
Urban&Civic Nigel Hugill (ceo)02 Dec 162,440204.54994,9911,206,2120.833

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Breedon  Peter Tom (ch)07 Dec 167,000,00072.755,092,50041,091,8672.912
HSBC Holdings Iain Mackay (fd)06 Dec 1687,100652567,892373,0260.002
Investec Glynn Burger (fd)01 Dec 16221,5035041,116,3753,488,6750.531
Netcall Michael Jackson (ch)01 Dec 16100,0005555,000700,0000.505
Onesavings Bank April Talintyre (cfo)05 Dec 16200,000313626,000579,4150.238
*Placing/tender/open offer ♥Spouse/connected party