It's all change at Ibstock (IBST), with some directors selling shares and some buying. Chief executive Wayne Sheppard, together with a "person closely associated" with him, has sold 3.73m shares at 207p a share, but he still holds 7.57m shares. Chief financial officer Kevin Sims sold 2.42m shares, leaving him with 4.92m.
IC TIP:
Buy
at
211p
Ibstock floated in October 2015 and directors were subject to a lock-in period - now expired - and this is the first sale that Mr Sheppard and Mr Sims have made. At the same time, chairman Jamie Pike bought 72,500 shares and non-executive director Justin Read bought 10,000. Founder shareholder Bain Capital Private Equity Europe recently reduced its stake from 37 per cent to 25 per cent through the sale of just under 50m shares. Trading at the UK's largest clay brick manufacturer has been brisk now that last year's de-stocking by merchants and distributors has reversed. And with the undiminished appetite for bricks from housebuilders, trading at the start of 2017 has been encouraging.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| 7digital* | Matthew Honey (cfo) | 29 Mar 17 | 153,847 | 6.5 | 10,000 | 353,847 | 0.221 |
| 7digital* | Mark Foster | 29 Mar 17 | 153,847 | 6.5 | 10,000 | 171,090 | 0.107 |
| 7digital* | Eric Cohen | 29 Mar 17 | 316,556 | 6.5 | 20,576 | 316,556 | 0.198 |
| 7digital* | Simon Cole (ceo) | 29 Mar 17 | 250,000 | 6.5 | 16,250 | 2,731,046 | 1.709 |
| 7digital* | Paul McGowan | 29 Mar 17 | 1,538,462 | 6.5 | 100,000 | 1,788,462 | 1.119 |
| 7digital* | Donald Cruickshank (ch) | 29 Mar 17 | 769,231 | 6.5 | 50,000 | 1,712,231 | 1.071 |
| Babcock International | Mike Turner (ch) | 27 Mar 17 | 10,000 | 887.5 | 88,750 | 75,384 | 0.015 |
| Babcock International♥ | Archie Bethel (ceo) | 27 Mar 17 | 792 | 882.81 | 6,992 | 351,333 | 0.069 |
| Babcock International | Archie Bethel (ceo) | 27 Mar 17 | 1,165 | 883.52 | 10,293 | 345,252 | 0.068 |
| Babcock International♥ | Archie Bethel (ceo) | 27 Mar 17 | 1,585 | 882.875 | 13,994 | 350,541 | 0.069 |
| Babcock International♥ | Archie Bethel (ceo) | 27 Mar 17 | 3,704 | 883.52 | 32,726 | 348,956 | 0.069 |
| Babcock International | Archie Bethel (ceo) | 27 Mar 17 | 5,672 | 881.47 | 49,997 | 344,087 | 0.068 |
| Berendsen | Iain Ferguson (ch) | 24 Mar 17 | 15,000 | 785 | 117,750 | 140,000 | 0.081 |
| Capital Gearing Trust | Jean Matterson | 28 Mar 17 | 1,500 | 3842 | 57,630 | 7,000 | 0.157 |
| Computacenter | Gregory Lock (ch) | 24 Mar 17 | 50,000 | 724.5 | 362,250 | 650,000 | 0.530 |
| Greggs | Richard Hutton (fd) | 23 Mar 17 | 3,008 | 1,012.5773 | 30,458 | 32,732 | 0.032 |
| Greggs | Raymond Reynolds | 23 Mar 17 | 2,684 | 1,012.5773 | 27,178 | 67,168 | 0.066 |
| Greggs | Roger Whiteside (ceo) | 23 Mar 17 | 11,701 | 1,012.5773 | 118,482 | 147,270 | 0.146 |
| Ibstock♥ | Jamie Pike (ch) | 24 Mar 17 | 72,500 | 207 | 150,075 | 98,500 | 0.024 |
| Jackpotjoy | James Ryan | 29 Mar 17 | 10,000 | 564.94 | 56,494 | 10,000 | 0.014 |
| LondonMetric Property* | Andrew Livingston | 23 Mar 17 | 32,895 | 152 | 50,000 | 68,898 | 0.010 |
| Low & Bonar♥ | Michael Powell | 28 Mar 17 | 11,000 | 70.5 | 7,755 | 25,000 | 0.008 |
| Low & Bonar♥ | Michael Powell | 28 Mar 17 | 14,000 | 71 | 9,940 | 14,000 | 0.004 |
| Next | Michael Roney | 27 Mar 17 | 5,000 | 4,137.9 | 206,895 | 5,000 | 0.003 |
| Next | Michael Roney | 27 Mar 17 | 5,000 | 4,223 | 211,150 | 10,000 | 0.007 |
| North Atlantic Smaller Companies Inv Trust♥ | Peregrine Moncreiffe (ch) | 24 Mar 17 | 1,000 | 2,520 | 25,200 | 400,130 | 2.774 |
| North Atlantic Smaller Companies Inv Trust♥ | Peregrine Moncreiffe (ch) | 27 Mar 17 | 4,300 | 2,530 | 108,790 | 404,430 | 2.803 |
| North Atlantic Smaller Companies Inv Trust♥ | Peregrine Moncreiffe (ch) | 28 Mar 17 | 1,218 | 2,540 | 30,937 | 405,648 | 2.812 |
| Ortac Resources | Anthony Balme (ch) | 27 Mar 17 | 300,000 | 3.75 | 11,250 | 8,588,902 | 10.457 |
| Ortac Resources | Nick Von Schirnding | 27 Mar 17 | 260,000 | 3.5 | 9,100 | 260,000 | 0.317 |
| Personal Assets Trust♥ | Jean Sharp | 28 Mar 17 | 5 | 40,605 | 2,030 | 918 | 0.047 |
| Personal Assets Trust | Robin Angus | 29 Mar 17 | 10 | 40,700 | 4,070 | 4,506 | 0.233 |
| Produce Investments | Neil Davidson (ch) | 28 Mar 17 | 35,000 | 176 | 61,600 | 35,000 | 0.130 |
| Real Estate Credit Investments | Robert Cowdell (ch) | 29 Mar 17 | 5,000 | 162.435 | 8,122 | 14,060 | 0.016 |
| Real Estate Credit Investments | Robert Cowdell (ch) | 29 Mar 17 | 15,000 | 162.435 | 24,365 | 29,060 | 0.033 |
| Real Estate Credit Investments | Graham Harrison | 23 Mar 17 | 13,500 | 162.5 | 21,938 | 15,000 | 0.017 |
| Real Estate Credit Investments | John Hallam | 23 Mar 17 | 18,500 | 162.5 | 30,063 | 31,000 | 0.035 |
| Real Estate Credit Investments | Sarah Evans | 23 Mar 17 | 20,000 | 162.5 | 32,500 | 20,000 | 0.023 |
| Regional REIT♥ | Daniel Taylor | 24 Mar 17 | 100,000 | 102 | 102,000 | 250,000 | 0.083 |
| Sound Energy♥ | M Fumagalli | 29 Mar 17 | 300,000 | 74.81 | 224,430 | 67,017,162 | 10.077 |
| TP ICap | Andrew Baddeley (cfo) | 23 Mar 17 | 7,500 | 447 | 33,525 | 32,000 | 0.006 |
| TP ICap | Andrew Baddeley (cfo) | 23 Mar 17 | 9,500 | 447 | 42,465 | 24,500 | 0.004 |
| Ubisense♥ | Oliver Scott | 24 Mar 17 | 100,000 | 45 | 45,000 | 15,815,493 | 28.301 |
| Ubisense♥ | Oliver Scott | 28 Mar 17 | 100,000 | 45 | 45,000 | 15,915,493 | 28.480 |
| XLMedia | O Weihs (ceo) | 28 Mar 17 | 1,000,000 | 110 | 1,100,000 | 3,650,000 | 1.822 |
| Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Breedon | David Williams | 29 Mar 17 | 5,000,000 | 76 | 3,800,000 | 5,000,000 | 0.354 |
| Cambridge Cognition Holdings | Nicholas Kerton | 29 Mar 17 | 150,000 | 78 | 117,000 | 22,900 | 0.112 |
| Ibstock | Kevin Sims (cfo) | 24 Mar 17 | 2,425,529 | 207 | 5,020,845 | 4,924,558 | 1.212 |
| Ibstock | Wayne Sheppard (ceo) | 24 Mar 17 | 1,000,000 | 207 | 2,070,000 | 10,307,827 | 2.537 |
| Ibstock♥ | Wayne Sheppard (ceo) | 24 Mar 17 | 2,731,583 | 207 | 5,654,377 | 7,576,244 | 1.865 |
| LoopUp | Nico Goulet | 23 Mar 17 | 1,075,000 | 148 | 1,591,000 | 6,964,548 | 16.999 |
| Savills | Jeremy Helsby (ceo) | 23 Mar 17 | 32,454 | 897.2314 | 291,187 | 604,849 | 0.433 |
| Savills | Simon Shaw (cfo) | 23 Mar 17 | 23,423 | 876.1487 | 205,220 | 155,850 | 0.111 |
| Sirius Real Estate | Andrew Coombs (ceo) | 27 Mar 17 | 45,000 | 53.5 | 24,075 | 4,445,653 | 0.506 |
| * placing/tender/open offer ♥ spouse/connected party | |||||||
