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Hunting director buys on warning

The oil and gas company is vulnerable to falls in capital investment
January 2, 2020

Hunting (HTG) non-executive director Jay Glick bought 18,373 shares in the oil and gas services company in December at a price of 383.89p per share, amounting to a total purchase of £70,532.

IC TIP: Sell at 422p

Mr Glick’s purchase took place on 17 December, which is the same day that Hunting warned on its 2019 profits. The group said it would need a good performance in December to reach its expected cash profits for the year. The warning followed a pullback in spending from US onshore clients that took place over October and November. On 17 December, it was also announced that Mr Glick had been appointed director of troubled oil and gas company Weatherford International, which filed for bankruptcy in the summer.

Hunting did not return a request for comment regarding Mr Glick’s share-dealing. The director now holds 41,373 Hunting shares, which represents 0.02 per cent of the company’s share capital.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Beazley Christine LaSala16 Dec 195,00055527,75040,0000.008
BlackRock Energy and Resources Income TrustAdrian  Brown 16 Dec 1914,60368.0539,93814,6030.013
Brunner Investment Trust (The)Amanda Aldridge16 Dec 194,00089435,7604,0000.009
BTSimon Lowth (cfo)19 Dec 19318,201204649,130582,436na
BT ♥Simon Lowth (cfo)19 Dec 19106,856204217,986475,580na
Corero Network Security *Jens Montanana (ch)13 Dec 1910,000,0003.5350,000164,382,60933.219
Corero Network Security * ♥Jens Montanana (ch)13 Dec 1922,917,7973.5802,123187,300,40637.850
Corero Network Security *Richard Last13 Dec 19500,0003.517,5002,500,0000.505
Domino's Pizza Ian Bull16 Dec 1910,000311.6931,16930,0000.006
Fox Marble *Roy Harrison27 Dec 193,773,5852.65100,00010,088,5543.840
Fox Marble *Chris Gilbert (ce)27 Dec 191,886,7932.6550,00021,384,4568.170
Great Western Mining Brian Hall (ch)12 Dec 192,966,6840.1333,94648,000,2004.278
Greencoat Renewables *Rónán Murphy17 Dec 1922,12396.621,374170,5710.030
Greencoat Renewables *Emer Gilvarry17 Dec 198,84996.68,54967,8320.010
Greencoat Renewables *Kevin McNamara17 Dec 198,84996.68,54968,3270.010
Gresham House Gareth Davis13 Dec 1911,400611.569,71116,4000.059
HuntingJay Glick (ch)17 Dec 1918,373383.8970,53241,3730.020
Journeo *James Cumming13 Dec 1925,0005012,50025,0000.304
Journeo *Mark Elliott (ch)13 Dec 19100,0005050,000100,0001.215
Journeo *Russell Singleton (ceo)13 Dec 19112,2505056,125300,0003.640
JPMorgan American Investment Trust Simon Bragg16 Dec 1910,000467.146,71086,0530.041
Kape Technologies Theodore  Kim 16 Dec 19627,59777483,250627,5970.410
Miton Global OpportunitiesMichael Phillips16 Dec 1910,000276.727,670117,7950.421
Mortgage Advice Bureau Lucy Tilley (fd)16 Dec 194073429417,4770.034
Mortgage Advice Bureau Benjamin Thompson16 Dec 1940734294113,0860.219
SEC Newgate SpAEmma Kane 13 Dec 1922,7274410,000425,4493.151
Segro Susan Clayton13 Dec 197,000860.398560,2287,0000.001
Starcom Igor Vatenmacher (cfo)12 Dec 19250,0001.2673,168250,0000.072
U and I Richard Upton13 Dec 1915,432161.824,9693,547,0112.828
Vp Allison Bainbridge (fd)12 Dec 196006003,60068,1500.170
Vp Neil Stothard12 Dec 196006003,600790,7641.969
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Onesavings Bank April Talintyre (cfo)13 Dec 19100,000434434,000305,7460.069
Onesavings BankAndrew Golding (ceo)16 Dec 19250,0004381,095,000645,5480.145
Whitbread Nicholas Cadbury (fd)13 Dec 196,5004,943321,295c. 14,0000.010
Whitbread ♥Nicholas Cadbury (fd)13 Dec 196,5004,943321,295c. 7,5000.006
        
* placing/tender/open offer ♥ spouse/connected party