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Purplebricks chair builds up holding

Purplebrick's chair shows faith
August 11, 2022

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     
CompanyDirector/PDMRDatePrice (p)Aggregate value (£)Stake size
Airtel Africa John Danilovich28 Jul 2215997,000n/d
Alfa FinancialChristopher Sullivan29 Jul 22149238,196n/d
Arecor TherapeuticsChristine Soden **04 Aug 2230020,0010.10%
Arecor TherapeuticsSam Fazeli **04 Aug 2230023,2680.40%
BPTushar Morzaria02 Aug 2240681,249n/d
BridgepointRaoul Hughes (PDMR)02-03 Aug 22251502,1840.01%
British American TobaccoKaren Guerra03 Aug 223,26497,911n/d
Card FactoryKristian Lee (cfo)01 Aug 225442,0000.05%
ConduitTrevor Carvey (ce)28 Jul 2235576,6000.16%
FoxtonsNigel Rich (ch)02 Aug 224263,300n/d
GreggsMatthew Davies (ch-d)02 Aug 222,12642,518n/d
GSKDiana Conrad (PDMR)27 Jul 223,571 †189,277 †n/d
HaleonBryan Supran01 Aug 22601150,331n/d
HaleonJohn Young02 Aug 22312251,288n/d
HaleonVindi Banga01 Aug 22291285,180n/d
Hill & Smith Alan Giddins (ch)03 Aug 221,16649,5550.03%
Integrated DiagnosticsDr Hend El Sherbini (ce) *29 Jul-03 Aug 2274 †2,874,246 †n/d
IntertekGraham Allan01 Aug 224,24384,8600.00%
Jupiter Fund ManagementDavid Cruickshank01 Aug 2213239,600n/d
Kerry GroupChristopher Rogers29 Jul 228,646 †86,456 †n/d
LSL Property Services David Stewart (ce)04 Aug 2231724,7500.02%
ProCookDaniel O'Neill (ce)29 Jul 2235175,00035.10%
PurplebricksPaul Pindar (ch)02 Aug 2215369,0004.59%
Rio TintoDominic Barton (ch)29 Jul 225,634 †371,817 †n/d
Robert WaltersMatt Ashley *03 Aug 2251749,9780.01%
Rolls-RoyceAnita Frew (ch)04 Aug 228281,895n/d
S4 CapitalScott Spirit (PDMR)02 Aug 2213144,3800.06%
Sabien TechnologyRichard Parris (ch) **03 Aug 2210115,000n/d
SDX EnergyMark Reid (ce)02 Aug 221020,3450.44%
SeraphineSharon Flood (ch)02 Aug 222933,5000.47%
SeraphineDavid Williams (ce)02 Aug 2229244,3755.30%
SynthomerRoberto Gualdoni02 Aug 2221442,800n/d
SynthomerMichael Willome (ce)04 Aug 22189132,476n/d
SynthomerAlexander Catto03 Aug 22201100,376n/d
Taylor Wimpey Mark Castle04 Aug 2212549,999n/d
VianetStella Panu01 Aug 226720,1000.10%
XP PowerJamie Pike *01-02 Aug 222,58499,1920.00%

 

Sells

     
CompanyDirector/PDMRDatePrice (p)Aggregate value (£)Stake size
DarktraceNicole Eagan PDMR)04 Aug 22399999,997n/d
Lloyds Antonio Lorenzo (PDMR)28 Jul 22451,232,000n/d
Lloyds David Oldfield (coo)29 Jul 2245494,978n/d
Redx PharmaDr. Richard Armer (PDMR) **05 Aug 2259295,0001.82%
SoftlineIgor Borovikov (ch)01 Apr 22171 †48,788 †n/d
Stanley GibbonsHarry Wilson (ch)04 Aug 22230,0000,00%
*Spouse/Family/Close Associate. ** placing / open offer † Converted from € / $ / AUS$