Berkeley (BKG) is one of the few UK-listed housebuilders not to be punished by investors over the past 12 months, as concerns mount that we may have reached peak cycle. That is despite the high-end London housebuilder warning that profits had probably maxed out in 2018, subsequently reporting a decline in pre-tax profits of around a fifth during the 12 months to April.
So should investors be concerned that just weeks after chairman Tony Pidgley banked £37m in shares in the group he founded, chief executive Robert Perrins has sold shares worth almost £12m? Given Mr Perrins – who has been at the helm for around a decade – receives around two-thirds of his annual remuneration in shares, some semi-regular selling would seem par for the course. He also retains a stake of around 0.84 per cent of the group’s £5.2bn share capital.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
888 Holdings | Mark Summerfield | 11 Sep 19 | 30,000 | 154 | 46,200 | 30,000 | 0.008 |
Abcam | Alan Hirzel (ceo) | 10 Sep 19 | 4,350 | 11.3895 | 49,544 | 142,558 | 0.069 |
Arena Events | Gregory Lawless (ceo) | 10 Sep 19 | 200,000 | 21 | 42,000 | 6,924,088 | 4.534 |
Associated British Foods | Ruth Cairnie | 11 Sep 19 | 1,110 | 2,231 | 24,764 | 4,110 | 0.001 |
Associated British Foods ♥ | Ruth Cairnie | 11 Sep 19 | 1,113 | 2,236 | 24,887 | 5,223 | 0.001 |
BMO Commercial Property Trust | Linda Wilding | 6 Sep 19 | 40,000 | 109.5 | 43,800 | 40,000 | 0.005 |
City Merchants High Yield Trust | Stuart McMaster | 9 Sep 19 | 25,000 | 192.333 | 48,083 | 25,000 | 0.025 |
Dunelm | William Reeve | 5 Sep 19 | 1,000 | 815.15 | 8,152 | 16,000 | 0.008 |
EnQuest | Helmut Langanger | 5 Sep 19 | 200,000 | 19.8 | 39,600 | 700,000 | 0.041 |
Imperial Brands | Simon Langelier | 6 Sep 19 | 281 | 2,121 | 5,960 | 24,656 | 0.003 |
Imperial Brands | Jonathan Stanton | 6 Sep 19 | 76 | 2,121 | 1,612 | 76 | 0.000 |
Imperial Brands | Mark Williamson (ch) | 6 Sep 19 | 1,489 | 2,121 | 31,582 | 22,678 | 0.002 |
Imperial Brands | Sue Clark | 6 Sep 19 | 217 | 2,121 | 4,603 | 217 | 0.000 |
Imperial Brands | Karen Witts | 6 Sep 19 | 272 | 2,121 | 5,769 | 1,266 | 0.000 |
Keras Resources * † | Brian Moritz (ch) | 10 Sep 19 | 26,000,000 | 0.4 | 104,000 | 102,960,512 | 4.133 |
Keras Resources * † | David Reeves | 10 Sep 19 | 88,725,000 | 0.4 | 354,900 | 470,400,491 | 18.881 |
Luceco ♥ | William Hoy | 11 Sep 19 | 12,500 | 79.99 | 9,999 | 35,139 | 0.022 |
Luceco | William Hoy | 11 Sep 19 | 22,639 | 80.89 | 18,311 | 22,288 | 0.014 |
McColl's Retail | Jonathan Miller (ceo) | 5 Sep 19 | 250,000 | 46 | 115,000 | 11,649,500 | 10.115 |
Midwich | Stephen Fenby | 10 Sep 19 | 30,000 | 510 | 153,000 | 19,100,000 | 23.883 |
MySale * | Carl Jackson (ceo) | 11 Sep 19 | 100,000,000 | 2 | 2,000,000 | 103,745,000 | 14.513 |
MySale * | Jamie Jackson | 11 Sep 19 | 10,000,000 | 2 | 200,000 | 57,469,189 | 8.039 |
Oxford BioDynamics ♥ | Stephen Diggle (interim ch) | 10 Sep 19 | 10,000 | 85 | 8,500 | 11,793,361 | 12.741 |
Oxford BioDynamics ♥ | Stephen Diggle (interim ch) | 9 Sep 19 | 11,406 | 87 | 9,923 | 11,783,361 | 12.731 |
Oxford BioDynamics ♥ | Stephen Diggle (interim ch) | 6 Sep 19 | 10,000 | 89 | 8,900 | 11,771,955 | 12.718 |
Oxford BioDynamics ♥ | Stephen Diggle (interim ch) | 5 Sep 19 | 10,500 | 90 | 9,450 | 11,761,955 | 12.710 |
Oxford Instruments | Neil Carson (ch) | 11 Sep 19 | 8,000 | 1,289.80 | 103,184 | 8,000 | 0.014 |
Park Group | Timothy Clancy (cfo) | 10 Sep 19 | 20,000 | 57 | 11,400 | 20,000 | 0.011 |
Polymetal International | Manuel De Sousa-Oliveira | 10 Sep 19 | 8,000 | 1,120.23 | 89,619 | 15,000 | 0.003 |
Regional REIT | Kevin McGrath (ch) | 10 Sep 19 | 19,350 | 104 | 20,124 | 353,508 | 0.095 |
Regional REIT ♥ | Kevin McGrath (ch) | 10 Sep 19 | 19,350 | 104 | 20,124 | 372,858 | 0.100 |
Renewables Infrastructure Group (The) | Helen Mahy (ch) | 6 Sep 19 | 15,471 | 128.75 | 19,919 | 111,272 | 0.008 |
Restaurant Group (The) | Andrew Hornby (ceo) | 10 Sep 19 | 232,471 | 128.4 | 298,493 | 232,471 | 0.047 |
Savills | Stacey Cartwright | 10 Sep 19 | 2,860 | 863 | 24,682 | 2,860 | 0.002 |
Schroder Asian Total Return Investment | David Brief (ch) | 10 Sep 19 | 11,000 | 367 | 40,370 | 47,171 | 0.050 |
Serco | Eric Born | 10 Sep 19 | 30,000 | 149.1 | 44,730 | 30,000 | 0.002 |
SimplyBiz Group (The) | Neil Stevens (joint CEO) | 10 Sep 19 | 25,000 | 205.3166 | 51,329 | 1,636,975 | 1.691 |
TalkTalk Telecom | Charles Dunstone (ch) | 10 Sep 19 | 3,870,639 | 103.64 | 4,011,530 | 338,953,838 | 29.577 |
TalkTalk Telecom | Charles Dunstone (ch) | 6 Sep 19 | 3,000,000 | 104.08 | 3,122,400 | 332,083,199 | 28.978 |
TalkTalk Telecom | Charles Dunstone (ch) | 9 Sep 19 | 3,000,000 | 104.92 | 3,147,600 | 335,083,199 | 29.239 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Berkeley Group (The) | Veronica Wadley | 6 Sep 19 | 1,500 | 3,951.28 | 59,269 | 2,500 | 0.002 |
Berkeley Group (The) | Robert Perrins (ceo) | 9 Sep 19 | 300,000 | 3,970.43 | 11,911,302 | 1,060,283 | 0.843 |
Big Yellow ♥ | Nicholas Vetch (ch) | 6 Sep 19 | 411,660 | 1,068 | 4,396,529 | 6,743,284 | 4.037 |
Hikma Pharmaceuticals | Said Darwazah (ch) | 6 Sep 19 | 150,000 | 2,007 | 3,011,121 | 14,416,396 | 5.970 |
Hiscox | Richard Watson | 11 Sep 19 | 10,000 | 1,585.15 | 158,515 | 585,891 | 0.203 |
Lloyds Banking | Antonio Horta-Osorio (ceo) | 11 Sep 19 | 93,930 | 53.0644 | 49,843 | 21,500,557 | 0.031 |
Motorpoint †† | David Shelton | 6 Sep 19 | 11,000,000 | 200 | 22,000,000 | 2,396,726 | 2.639 |
Paragon Banking | Hugo Tudor | 10 Sep 19 | 25,000 | 453.285 | 113,321 | 100,000 | 0.039 |
Regional REIT ♥ | Kevin McGrath (ch) | 10 Sep 19 | 19,350 | 104 | 20,124 | 353,508 | 0.095 |
Regional REIT ♥ | Kevin McGrath (ch) | 10 Sep 19 | 19,350 | 104 | 20,124 | 334,158 | 0.090 |
Trifast | Glenda Roberts | 11 Sep 19 | 53,209 | 198 | 105,354 | 237,571 | 0.195 |
United Utilities | Russ Houlden (cfo) | 10 Sep 19 | 7,700 | 764 | 58,828 | 44,349 | 0.007 |
United Utilities | Steven Mogford (ceo) | 11 Sep 19 | 41,000 | 770.41 | 315,868 | 70,034 | 0.010 |
*Placing/tender/open offer/right issue ♥Spouse/connected party | |||||||
† David Reeves and Brian Moritz agreed to convert £458,900 in loans due to them, primarily in respect of cash advanced to the company as working capital loans, into new ordinary shares in the company | |||||||
†† Shares sold by Shoby Investments Partnership (a partnership between David Shelton and his connected persons) in connection with divorce proceedings. |