While specialist plastics maker Victrex (VCT) gets closer to an investment decision on new polymer manufacturing capacity, chief executive Jakob Sigurdsson has made his own spending call.
The company is watching developments (or lack of developments) from Westminster closely, as its supply chain will be heavily impacted if the UK falls out of the customs union in a hard Brexit.
To help mitigate the risk here, Victrex opened a warehouse in Germany in February and also has more space in China. Despite the Brexit uncertainty and falls in automotive and consumer electronics revenue in the first six months of its financial year, Victrex is thinking about expansion, with a new plant possible alongside "debottlenecking" work over the next two years.
Mr Sigurdsson, who is also on the Victrex board, bought 3,000 shares in the company this month at 2,092p each, for an investment of £62,753. This is the third major purchase by Mr Sigurdsson in the past six months, although this transaction is at a 13 per cent and 17 per cent discount to the February (3,000 shares) and December (1,950 shares) buys because of Victrex’s recent share price falls.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Adept Technology | Philip John Race (ce) | 10 May 19 | 2,778 | 360 | 10,001 | 2,778 | 0.012 |
| Air Partner | Edmond William Warner (ch) | 13 May 19 | 25,000 | 88 | 22,000 | 25,000 | 0.048 |
| Air Partner | Edmond William Warner (ch) | 13 May 19 | 25,000 | 88.5 | 22,125 | 50,000 | 0.096 |
| Air Partner | Edmond William Warner (ch) | 13 May 19 | 25,000 | 92 | 23,000 | 75,000 | 0.144 |
| Air Partner | Joanne Elizabeth Estell (cfo) | 13 May 19 | 11,363 | 88 | 9,999 | 11,363 | 0.022 |
| Air Partner | Paul Bernard Dollman | 13 May 19 | 44,000 | 89 | 39,160 | 44,000 | 0.084 |
| Alumasc | Jonathan Peter Pither | 09 May 19 | 20,000 | 92.5 | 18,500 | 318,986 | 0.883 |
| Barclays | Crawford Scott Gillies | 09 May 19 | 30,000 | 158.04 | 47,412 | 122,172 | 0.001 |
| Bidstack* | Donald John Stewart (ch) | 14 May 19 | 160,000 | 12.5 | 20,000 | 1,149,733 | 0.478 |
| Bidstack* | John McIntosh (fd) | 14 May 19 | 200,000 | 12.5 | 25,000 | 200,000 | 0.083 |
| BT♥ | Matthew Key | 13 May 19 | 18,500 | 204.7 | 37,870 | 49,500 | 0.000 |
| Card Factory | Karen Hubbard (ce) | 15 May 19 | 8,412 | 187.813 | 15,799 | 138,822 | 0.041 |
| Diageo | Javier Ferran (ch) | 10 May 19 | 254 | 3258 | 8,275 | 216,677 | 0.009 |
| EnQuest | Amjad Bseisu (ce) | 10 May 19 | 483,688 | 19.7 | 95,287 | 159,789,240 | 9.430 |
| Hammerson | Andrew James Formica | 09 May 19 | 22,000 | 289.595 | 63,711 | 44,000 | 0.006 |
| Hammerson | David John Atkins (ce) | 14 May 19 | 17,000 | 295.1 | 50,167 | 1,166,437 | 0.152 |
| Indivior | Lorna Parker | 13 May 19 | 11,529 | 43.3655 | 5,000 | 17,608 | 0.002 |
| InnovaDerma | Ross Martin Hilton Andrews | 13 May 19 | 15,000 | 94.4 | 14,160 | 30,000 | 0.207 |
| John Lewis of Hungerford | Gary O'Brien (ch) | 10 May 19 | 5,382,315 | 0.55 | 29,603 | 5,382,315 | 2.882 |
| Kenmare Resources | Anthony McCluskey (fd) | 09 May 19 | 8,858 | 189.5 | 16,786 | 53,215 | 0.049 |
| Land Securities | Nicholas Cadbury | 14 May 19 | 3,000 | 887.55 | 26,627 | 7,481 | 0.001 |
| Minds + Machines | Henry Arthur James Turcan | 14 May 19 | 500,000 | 5.5 | 27,500 | 7,845,000 | 0.985 |
| Phoenix Global Resources | Sir Michael Derek Vaughan Rake (ch) | 10 May 19 | 130,000 | 20.68 | 26,884 | 460,000 | 0.017 |
| Pittards | Richard Briere (cfo) | 10 May 19 | 7,500 | 68 | 5,100 | 10,000 | 0.072 |
| Polar Capital | Quintin Rupert Salter Price | 09 May 19 | 10,000 | 600 | 60,000 | 10,000 | 0.010 |
| Scottish American Investment Co (The) | Karyn Elizabeth Lamont | 15 May 19 | 2,000 | 383.86 | 7,677 | 2,000 | 0.001 |
| Seneca Global Income & Growth Trust | Susan Inglis | 09 May 19 | 20,000 | 180.92 | 36,184 | 20,000 | 0.042 |
| Sigma Capital | David Sigsworth (ch) | 10 May 19 | 45,000 | 111 | 49,950 | 716,971 | 0.803 |
| Strategic Equity Capital | David John Morrison | 09 May 19 | 10,000 | 222 | 22,200 | 10,000 | 0.016 |
| Temple Bar Investment Trust | Arthur T Copple (ch) | 15 May 19 | 9,666 | 1294 | 125,078 | 72,309 | 0.108 |
| Trinity Exploration & Production | Angus Christian Winther | 14 May 19 | 427,350 | 11.7 | 50,000 | 30,102,994 | 7.838 |
| Tyman | Jason Ashton (cfo) | 10 May 19 | 12,500 | 246.5 | 30,813 | 12,500 | 0.006 |
| Tyman | Jo C Hallas (ce) | 10 May 19 | 48,162 | 246 | 118,479 | 48,162 | 0.025 |
| Victrex | Jakob Oskar Sigurdsson | 14 May 19 | 3,000 | 2091.76 | 62,753 | 11,200 | 0.013 |
| Wey Education | Anthony Gilbert Knowles | 14 May 19 | 133,186 | 75 | 99,890 | 133,186 | 0.102 |
| Woodbois | Miles Christian Pelham (ch) | 15 May 19 | 1,000,000 | 6.5 | 65,000 | 1,000,000 | 0.265 |
| WPP | Cindy Helen Rose | 13 May 19 | 8,000 | 951.45 | 76,116 | 8,000 | 0.001 |
| Yourgene Health | Dr Stephen Little | 09 May 19 | 448,452 | 11.2 | 50,227 | 6,026,736 | 1.006 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Brewin Dolphin† | Siobhan Boylan (cfo) | 15 May 19 | 18,134 | 303.2 | 54,982 | 20,282 | 0.007 |
| Fiske | Alexander Rupert Fiske Harrison | 10 May 19 | 34,000 | 60 | 20,400 | 265,000 | 2.281 |
| Grafton† | David Llewelyn Arnold (cfo) | 10 May 19 | 23,641 | 904.5 | 213,833 | 95,304 | 0.040 |
| Grafton† | Gavin Slark (ce) | 10 May 19 | 41,421 | 904.5 | 374,653 | 375,280 | 0.158 |
| James Halstead | Michael James Halstead | 10 May 19 | 100,000 | 510 | 510,000 | 808,117 | 0.388 |
| Morrison (Wm) Supermarkets | Trevor Strain (cfo) | 13 May 19 | 200,000 | 212.811 | 425,622 | 528,911 | 0.022 |
| Reckitt Benckiser† | Adrian Hennah (cfo) | 10 May 19 | 13,701 | 6143.02 | 841,655 | 120,142 | 0.017 |
| Reckitt Benckiser† | Rakesh Kapoor (ce) | 10 May 19 | 73,067 | 6143.02 | 4,488,520 | 710,987 | 0.100 |
| Savills† | Mark Ridley (ce) | 09 May 19 | 3,733 | 884.2013 | 33,007 | 182,961 | 0.128 |
| Savills† | Simon James Blouet Shaw (cfo) | 09 May 19 | 7,926 | 884.2013 | 70,082 | 155,864 | 0.109 |
*Placing † automatic sell provision to cover tax and/or discharge tax liabilities ♥Spouse/relative | |||||||
