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Big Yellow chairman cashes in

But he still owns over 4 per cent of the share capital with his wife
March 14, 2019

Big Yellow’s (BYG) executive chairman Nicholas Vetch sold 166,236 of company shares held in Byways Investments, a company beneficially owned by his children. On the same day, Mr Vetch and his wife disposed of 324,593 shares, although they still hold 4.52 per cent of the company’s issued share capital.

IC TIP: Hold at 972p

Trading remains brisk for the self-storage provider, with closing occupancy in the three months to December 2018 up at 82.1 per cent, while average rents were ahead by 3 per cent. Construction is well advanced on two new stores in Manchester and Camberwell, with the former expected to open in the summer and the latter in the spring of 2020. Consent has also been granted for a new store in Bracknell and a comprehensive redevelopment of its Battersea store.

Trading is traditionally stronger in the spring and summer and the company remains focused on its core objective of achieving 90 per cent occupancy.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Associated British Foods Graham Allan 1 Mar 193,000225067,5003,0000.000
Audioboom*Michael Tobin (ch)28 Feb 193,846,1601.350,0009,754,3880.757
Audioboom*Roger Maddock28 Feb 193,846,1601.350,00026,846,1602.083
Audioboom*Roger Maddock28 Feb 191,000,0001.919,00023,000,0001.960
BBA Aviation Victoria Jarman6 Mar 198,363237.819,8878,3630.001
British American Tobacco John Stevens (fd)5 Mar 19689288319,864126,6110.006
C4X Discovery Holdings Clive Dix (ceo)6 Mar 1940,65061.525,0001,455,5863.127
CRH Richard Boucher6 Mar 197,05027.94196,9777,0500.001
Curzon Energy*Brian James Kinane6 Mar 19632,9111.5810,000757,9110.913
Curzon Energy*Scott Kaintz (ceo)6 Mar 19949,3671.5815,000949,3671.143
Future Zillah Byng-Thorne (ceo)6 Mar 195,42575040,688224,2910.272
Gocompare.com  Peter Wood (ch)4 Mar 1917,783,58763.711,328,145125,058,56929.887
Gocompare.com  Angela Seymour-Jackson1 Mar 1922,94265.3714,99759,9150.014
Gocompare.com  Nick Hugh1 Mar 1921,10065.3913,79721,1000.005
Inchcape Nigel Stein (ch)5 Mar 1910,000590.0959,00946,8340.011
Inchcape Jane Kingston 4 Mar 193,500592.520,7383,5000.001
Jupiter Fund Management Andrew Formica (ceo)1 Mar 1966,173360238,22366,1730.014
Jupiter Fund Management Andrew Formica (ceo)4 Mar 19150,000368.9553,350216,1730.047
Metro Bank Craig Donaldson (ceo)1 Mar 1911,100903.2323100,259181,4420.186
Metro Bank Vernon Hill (ch)1 Mar 1911,000914.0771100,5485,021,3445.155
Metro Bank Vernon Hill (ch)1 Mar 1930,000918.9845275,6955,010,3445.144
Netcall Henrik Bang (ceo)5 Mar 19100,00032.932,9004,843,8893.388
Netcall James Ormondroyd (fd)5 Mar 19100,00032.932,9001,725,0001.206
Paddy Power Betfair Jonathan Hill (cfo)6 Mar 19700616043,1207000.001
Personal Group Holdings*Deborah Frost (ceo)28 Feb 19299,2373481,041,345300,0200.961
Playtech Andrew Smith (cfo)28 Feb 194,50041818,81022,0000.007
Playtech Mor Weizer (ceo)28 Feb 1914,75042562,688105,7500.033
Renewi Luc Sterckx1 Mar 19150,0002639,000150,0000.019
Rentokil Initial John Pettigrew4 Mar 1910,000353.1535,31510,0000.001
Scapa  Heejae Chae (ceo)6 Mar 1916,552302.0749,999871,7670.564
Scottish American Investment Co  Mariot Leslie28 Feb 195,000370.49418,5255,0000.004
Shanta Gold*Luke Leslie (cfo)6 Mar 192,862,5645.25150,2856,297,8940.800
Shanta Gold*Eric Zurrin (ceo)6 Mar 193,478,7355.25182,6349,005,6131.144
Spectris♥Derek Harding1 Mar 194,0002657.94106,3184,0000.003
Tungsten Corp Andrew Doman28 Feb 1941,66639.616,50041,6660.033
Tungsten Corp Duncan Goldie-Morrison 28 Feb 19219,33945.5999,997219,3390.174
Tungsten Corp Anthony Bromovsky 28 Feb 19219,33945.5999,997219,3390.174
Verona Pharma David Ebsworth (ch)6 Mar 1926,30056.314,807217,8870.207
Verona Pharma David Ebsworth (ch)4 Mar 1943,8005724,966147,7870.140
Victoria Philippe Hamers (ceo)4 Mar 1925,00032581,250125,0000.100
Vodafone  David Nish 6 Mar 1920,000131.9126,382107,0180.000
Volex Nathaniel Rothschild (ch & ceo)5 Mar 19249,01480199,21135,422,26424.037
Westmount Energy*Gerard Walsh (ch)4 Mar 193,250,0000.135438,7508,675,00015.970
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Air Partner Mark Briffa (ceo)5 Mar 1934,48079.127,274567,0001.086
Big Yellow♥Nicholas Vetch (ch)5 Mar 19166,236987.731,641,9637,854,9444.713
Big Yellow Nicholas Vetch (ch)5 Mar 19324,593987.733,206,1027,530,3514.518
CRH Richard Boucher6 Mar 191,79027.9249,97700.000
CRH Albert Manifold (ceo)5 Mar 19100,00028.132,813,000131,2550.016
GVC Holdings Kenneth Alexander (ceo)6 Mar 192,061,475665.974313,728,894666,6660.115
GVC Holdings Lee Feldman (ch)6 Mar 19900,000665.97435,993,769287,4080.049
Lok'n Store  Simon Thomas (ch)1 Mar 19250,0004651,162,5001,530,0005.177
Lok'n Store  Charles Peal1 Mar 1955,473466.395258,723565,3661.913
Tristel Bart Leemans28 Feb 19280,000299837,20000.000
Tullow Oil Angus McCoss 6 Mar 198,690230.320,013482,9850.035
*Placing/tender/open offer ♥Spouse/connected party