At the announcement of the half-year results in August, Clarkson (CKN) was optimistic about the remainder of the year. The Baltic Dry Index, which monitors shipping activity, had begun to recover after having been 40 per cent weaker during the first half of 2019 than at the 2018 year-end. The International Maritime Organisation regulations limiting the amount of sulphur that can be released from fuel oil is set to take effect at the beginning of 2020, and is expected to reduce the oversupply of ships in the market, as some ships will be taken out of service to be fitted with the necessary sulphur reducing scrubbers.
Such optimism could be tainted by a continuation of the US-China trade wars that has delayed some projects in the investment banking division.
Norway-based Birger Nergaard, a director of the company, reduced his shareholding in the company by 71 per cent to hold a remaining 30,869 shares. The 75,000 shares were sold at 2,326.25p each, for a total of £1.74m, via 'Acane AS' – an investment company in which Mr Nergaard has a 100 per cent interest. The disposal was done for personal tax planning purposes.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Acorn Income Fund | Nigel Ward (ch) | 25 Sep 19 | 7,000 | 340.5 | 23,835 | 7,000 | 0.044 |
AFH Financial | Mark Chambers | 23 Sep 19 | 8,620 | 290 | 24,998 | 58,223 | 0.136 |
Airtel Africa | Liisa Poutiainen | 20 Sep 19 | 11,000 | 62.94 | 6,923 | 11,000 | 0.000 |
Amigo | Richard Price | 19 Sep 19 | 126,569 | 73.2 | 92,649 | 460,000 | 0.097 |
Angus Energy♥ | George Lucan | 25 Sep 19 | 719,082 | 1.384 | 9,952 | 2,174,880 | 0.402 |
Asiamet Resources | Antony Manini (ch) | 19 Sep 19 | 200,000 | 3.25 | 6,500 | 33,892,183 | 3.090 |
Aviva | Glyn Barker | 20 Sep 19 | 25,000 | 390.528 | 97,632 | 47,700 | 0.001 |
Belvoir* | Michael Stoop (ch) | 23 Sep 19 | 10,000 | 105 | 10,500 | 20,000 | 0.057 |
Belvoir* | Paul George | 23 Sep 19 | 10,000 | 105 | 10,500 | 20,000 | 0.057 |
Bigblu Broadband | Francis Waters (cfo) | 20 Sep 19 | 9,100 | 109.75 | 9,987 | 305,580 | 0.531 |
Bonhill | David Brown (fd) | 23 Sep 19 | 192,307 | 52 | 100,000 | 983,973 | 2.025 |
Boot (Henry) | Darren Littlewood (fd) | 19 Sep 19 | 5,000 | 237.5 | 11,875 | 152,500 | 0.115 |
Cambridge Cognition | Steven Powell (ch) | 20 Sep 19 | 25,000 | 26.5 | 6,625 | 116,375 | 0.481 |
Cambridge Cognition | Steven Powell (ch) | 20 Sep 19 | 25,000 | 27.5 | 6,875 | 141,375 | 0.585 |
Cambridge Cognition | Matthew Stork (ceo) | 24 Sep 19 | 50,000 | 28.5 | 14,250 | 50,000 | 0.207 |
Cenkos Securities | Jeremy Miller | 19 Sep 19 | 20,000 | 51.75 | 10,350 | 20,000 | 0.035 |
City of London Investment | Susannah Nicklin | 19 Sep 19 | 1,175 | 422 | 4,959 | 4,309 | 0.016 |
Clinigen | Nicholas Keher (cfo) | 19 Sep 19 | 3,900 | 893 | 34,827 | 3,900 | 0.003 |
Coral Products | Joseph Grimmond (ch) | 25 Sep 19 | 250,000 | 5.69 | 14,225 | 5,623,337 | 6.807 |
Coral Products | Paul Freud | 25 Sep 19 | 100,000 | 5.69 | 5,690 | 2,048,333 | 2.479 |
Coral Products | Joseph Grimmond (ch) | 25 Sep 19 | 250,000 | 5.799 | 14,498 | 5,873,337 | 7.109 |
Falanx | Alexander Hambro (ch) | 24 Sep 19 | 250,000 | 1.75 | 4,375 | 500,000 | 0.125 |
Falanx | Michael Read (ceo) | 24 Sep 19 | 400,000 | 1.789 | 7,156 | 11,053,940 | 2.761 |
Falanx | Alexander Hambro (ch) | 24 Sep 19 | 750,000 | 1.975 | 14,813 | 1,250,000 | 0.312 |
Hunters Property | Harry Hill | 25 Sep 19 | 30,000 | 42.5 | 12,750 | 642,505 | 1.960 |
IG | June Felix (ceo) | 19 Sep 19 | 7,800 | 625.5 | 48,789 | 97,049 | 0.026 |
Inspiration Healthcare* | Mike Briant (cfo) | 24 Sep 19 | 34,323 | 58 | 19,907 | 34,323 | 0.089 |
Inspiration Healthcare* | Mark Abrahams (ch) | 24 Sep 19 | 86,047 | 58 | 49,907 | 241,201 | 0.628 |
Inspiration Healthcare* | Brook Nolson | 24 Sep 19 | 34,323 | 58 | 19,907 | 34,323 | 0.089 |
Landore Resources* | William Humphries (ceo) | 24 Sep 19 | 13,793,103 | 0.725 | 100,000 | 87,294,365 | 6.696 |
LoopUp | Stephen Flavell (co-ceo) | 23 Sep 19 | 89,285 | 56 | 50,000 | 2,625,875 | 4.763 |
LoopUp | Michael Hughes (co-ceo) | 23 Sep 19 | 133,500 | 56 | 74,760 | 2,606,627 | 4.728 |
LoopUp | Simon Healey (cfo) | 23 Sep 19 | 44,500 | 56 | 24,920 | 64,500 | 0.117 |
Menzies (John) | Philipp Joeinig (ch) | 23 Sep 19 | 1,200,000 | 390.3 | 4,683,600 | 1,300,000 | 1.543 |
Mereo BioPharma | Denise Scots-Knight (ceo) | 19 Sep 19 | 13,500 | 59 | 7,965 | 911,699 | 0.931 |
Murray Income Trust | Merryn Somerset Webb | 23 Sep 19 | 1,200 | 851.8999 | 10,223 | 1,200 | 0.002 |
Newmark Security | Robert Waddington | 20 Sep 19 | 1,000,000 | 0.695 | 6,950 | 2,800,000 | 0.597 |
Personal Group | Michael Dugdale (cfo) | 23 Sep 19 | 1,168 | 350.75 | 4,097 | 41,353 | 0.134 |
Quixant | Gaye Hudson | 19 Sep 19 | 5,000 | 164.5 | 8,225 | 7,350 | 0.011 |
Safestyle | Julia Porter | 21 Sep 19 | 9,671 | 55.8 | 5,396 | 9,671 | 0.012 |
Sage Group (The) | Jonathan Bewes | 23 Sep 19 | 10,000 | 680.4 | 68,040 | 10,000 | 0.001 |
Shearwater♥† | David Williams (ch) | 25 Sep 19 | 5,000,000 | 1.7 | 85,000 | na | na |
Shearwater♥† | Philip Higgins (ceo) | 25 Sep 19 | 5,000,000 | 1.72 | 86,000 | na | na |
Shires Income | Robin Archibald | 20 Sep 19 | 3,841 | 260.315 | 9,999 | 15,504 | 0.051 |
SVM UK Emerging Fund | Peter Dicks (ch) | 24 Sep 19 | 25,000 | 86.5 | 21,625 | 297,500 | 4.917 |
UIL | Peter Burrows (ch) | 19 Sep 19 | 60,000 | 248 | 148,800 | 799,617 | 0.911 |
Wameja♥ | John Conoley (ch) | 20 Sep 19 | 188,114 | 5.3 | 9,970 | 2,626,692 | 0.217 |
XLMedia | Ory Weihs (ceo) | 23 Sep 19 | 100,000 | 60 | 60,000 | 5,990,972 | 3.202 |
XLMedia | Ory Weihs (ceo) | 23 Sep 19 | 224,000 | 62 | 138,880 | 5,890,972 | 2.849 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Clarkson♥ | Birger Nergaard | 24 Sep 19 | 75,000 | 2,326.25 | 1,744,688 | 30,869 | 0.102 |
GAN | Dermot Smurfit (ceo) | 20 Sep 19 | 250,000 | 84.92 | 212,300 | 8,613,447 | 10.108 |
MJ Gleeson♥ | Christopher Mills | 20 Sep 19 | 50,000 | 792 | 396,000 | 6,059,640 | 11.101 |
MJ Gleeson♥ | Christopher Mills | 20 Sep 19 | 4,640 | 814.6733 | 37,801 | 6,055,000 | 11.092 |
Riverstone Energy♥†† | Ken Ryan/David Leuschen/Pierre Lapeyre, Jr | 19 Sep 19 | 130,874 | 662.99 | 867,682 | 6,791,494 | 8.500 |
Riverstone Energy♥††† | Ken Ryan/David Leuschen/Pierre Lapeyre, Jr | 19 Sep 19 | 169,126 | 662.99 | 1,121,288 | 6,803,242 | 8.515 |
*Placing/tender/open offer ♥Spouse/connected party | |||||||
†Share purchases were completed prior to the share capital consolidation of 100 to 1, effected on 26 Sep | |||||||
††Riverstone Energy Limited Capital Partners, LP – a personal closely associated (PCA) with three directors of Riverstone Energy – has sold 130,874 shares in the company. | |||||||
†††REL Coinvestment, LP – a PCA with three directors of Riverstone Energy – has sold 169,126 shares in the company. |