Purplebricks (PURP) chairman Paul Pindar has increased his stake in the troubled online estate agency following a disappointing set of results after its ninth-largest shareholder called for him to resign. Paul Pindar and his wife now own 4.59 per cent of the company after he bought a further £369,000-worth of shares on 2 August. The decision to increase his exposure to the business came on the same day that the company posted a £42mn net loss for the year to 30 April.
The value of Purplebricks’ shares dropped by 7 per cent on the morning of the results but have since rallied to their highest level in two months as activist investor Lecram Holdings maintains its call for Pindar to step down over his handling of the company. Lecram currently owns a 4.2 per cent stake in Purplebricks.
The Pindar family remain the biggest shareholders connected to the board, with the other major owners including investors such as German media giant Axel Springer.
Buys | |||||
Company | Director/PDMR | Date | Price (p) | Aggregate value (£) | Stake size |
Airtel Africa | John Danilovich | 28 Jul 22 | 159 | 97,000 | n/d |
Alfa Financial | Christopher Sullivan | 29 Jul 22 | 149 | 238,196 | n/d |
Arecor Therapeutics | Christine Soden ** | 04 Aug 22 | 300 | 20,001 | 0.10% |
Arecor Therapeutics | Sam Fazeli ** | 04 Aug 22 | 300 | 23,268 | 0.40% |
BP | Tushar Morzaria | 02 Aug 22 | 406 | 81,249 | n/d |
Bridgepoint | Raoul Hughes (PDMR) | 02-03 Aug 22 | 251 | 502,184 | 0.01% |
British American Tobacco | Karen Guerra | 03 Aug 22 | 3,264 | 97,911 | n/d |
Card Factory | Kristian Lee (cfo) | 01 Aug 22 | 54 | 42,000 | 0.05% |
Conduit | Trevor Carvey (ce) | 28 Jul 22 | 355 | 76,600 | 0.16% |
Foxtons | Nigel Rich (ch) | 02 Aug 22 | 42 | 63,300 | n/d |
Greggs | Matthew Davies (ch-d) | 02 Aug 22 | 2,126 | 42,518 | n/d |
GSK | Diana Conrad (PDMR) | 27 Jul 22 | 3,571 † | 189,277 † | n/d |
Haleon | Bryan Supran | 01 Aug 22 | 601 | 150,331 | n/d |
Haleon | John Young | 02 Aug 22 | 312 | 251,288 | n/d |
Haleon | Vindi Banga | 01 Aug 22 | 291 | 285,180 | n/d |
Hill & Smith | Alan Giddins (ch) | 03 Aug 22 | 1,166 | 49,555 | 0.03% |
Integrated Diagnostics | Dr Hend El Sherbini (ce) * | 29 Jul-03 Aug 22 | 74 † | 2,874,246 † | n/d |
Intertek | Graham Allan | 01 Aug 22 | 4,243 | 84,860 | 0.00% |
Jupiter Fund Management | David Cruickshank | 01 Aug 22 | 132 | 39,600 | n/d |
Kerry Group | Christopher Rogers | 29 Jul 22 | 8,646 † | 86,456 † | n/d |
LSL Property Services | David Stewart (ce) | 04 Aug 22 | 317 | 24,750 | 0.02% |
ProCook | Daniel O'Neill (ce) | 29 Jul 22 | 35 | 175,000 | 35.10% |
Purplebricks | Paul Pindar (ch) | 02 Aug 22 | 15 | 369,000 | 4.59% |
Rio Tinto | Dominic Barton (ch) | 29 Jul 22 | 5,634 † | 371,817 † | n/d |
Robert Walters | Matt Ashley * | 03 Aug 22 | 517 | 49,978 | 0.01% |
Rolls-Royce | Anita Frew (ch) | 04 Aug 22 | 82 | 81,895 | n/d |
S4 Capital | Scott Spirit (PDMR) | 02 Aug 22 | 131 | 44,380 | 0.06% |
Sabien Technology | Richard Parris (ch) ** | 03 Aug 22 | 10 | 115,000 | n/d |
SDX Energy | Mark Reid (ce) | 02 Aug 22 | 10 | 20,345 | 0.44% |
Seraphine | Sharon Flood (ch) | 02 Aug 22 | 29 | 33,500 | 0.47% |
Seraphine | David Williams (ce) | 02 Aug 22 | 29 | 244,375 | 5.30% |
Synthomer | Roberto Gualdoni | 02 Aug 22 | 214 | 42,800 | n/d |
Synthomer | Michael Willome (ce) | 04 Aug 22 | 189 | 132,476 | n/d |
Synthomer | Alexander Catto | 03 Aug 22 | 201 | 100,376 | n/d |
Taylor Wimpey | Mark Castle | 04 Aug 22 | 125 | 49,999 | n/d |
Vianet | Stella Panu | 01 Aug 22 | 67 | 20,100 | 0.10% |
XP Power | Jamie Pike * | 01-02 Aug 22 | 2,584 | 99,192 | 0.00% |
Sells | |||||
Company | Director/PDMR | Date | Price (p) | Aggregate value (£) | Stake size |
Darktrace | Nicole Eagan PDMR) | 04 Aug 22 | 399 | 999,997 | n/d |
Lloyds | Antonio Lorenzo (PDMR) | 28 Jul 22 | 45 | 1,232,000 | n/d |
Lloyds | David Oldfield (coo) | 29 Jul 22 | 45 | 494,978 | n/d |
Redx Pharma | Dr. Richard Armer (PDMR) ** | 05 Aug 22 | 59 | 295,000 | 1.82% |
Softline | Igor Borovikov (ch) | 01 Apr 22 | 171 † | 48,788 † | n/d |
Stanley Gibbons | Harry Wilson (ch) | 04 Aug 22 | 2 | 30,000 | 0,00% |
*Spouse/Family/Close Associate. ** placing / open offer † Converted from € / $ / AUS$ |