Buoyed by a rising oil price, growing production and a stabilising backdrop for its operations in Iraqi Kurdistan, Genel Energy (GENL) looks to be in recovery mode. One related party who doesn’t need convincing is Emma Gudgeon, the wife of non-executive director Martin Gudgeon, who has sunk £230,000 into the explorer-producer.
In her first purchase of Genel shares, Mrs Gudgeon bought in at a price last seen in late 2015. Since then, improving fiscal conditions for the Kurdistan Regional Government, Genel’s sole customer, have meant consistent cash payments and an agreement that effectively allows Genel to claw back unpaid receipts.
Mr Gudgeon, the London-based head of European restructuring and special situations at investment bank PJT Partners, is yet to buy any shares since he joined Genel’s board in September 2017.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Better Capital | Jonathan Moulton | 30 Apr 18 | 525,000 | 64.1 | 336,525 | 10,989,995 | 31.166 |
Capita | Jonathan Lewis (ceo) | 26 Apr 18 | 21,500 | 183.75 | 39,506 | 160,369 | 0.024 |
Clarkson | Peter Backhouse | 27 Apr 18 | 4,000 | 2,459.90 | 98,396 | 10,000 | 0.033 |
Corero Network Security* | Jens Montanana (ch) | 27 Apr 18 | 16,382,609 | 5.75 | 942,000 | 154,382,609 | 40.101 |
Corero Network Security* | Richard Last | 27 Apr 18 | 683,333 | 5.75 | 39,292 | 2,000,000 | 0.520 |
Directa Plus♥ | Giulio Cesareo (ceo) | 02 May 18 | 29,400 | 51 | 14,994 | 3,205,791 | 7.251 |
Drax | Will Gardiner (ceo) | 26 Apr 18 | 31,386 | 318.6 | 99,996 | 88,778 | 0.022 |
Faroe Petroleum | Brent Cheshire | 27 Apr 18 | 15,000 | 130.5 | 19,575 | 15,000 | 0.004 |
Feedback | Simon Sturge | 27 Apr 18 | 500,000 | 3.5 | 17,500 | 6,500,000 | 2.308 |
Genel Energy♥ | Martin Gudgeon | 02 May 18 | 100,000 | 230 | 230,000 | 100,000 | 0.036 |
Interserve | Debbie White (ceo) | 30 Apr 18 | 56,364 | 105.8972 | 59,688 | 121,772 | 0.084 |
Interserve | Mark Whiteling (cfo) | 30 Apr 18 | 30,000 | 93.75 | 28,125 | 30,000 | 0.021 |
Kenmare Resources | Steven McTiernan (ch) | 30 Apr 18 | 47,619 | 210 | 100,000 | 117,215 | 0.107 |
Luceco | Matt Webb (cfo) | 01 May 18 | 65,894 | 75.5 | 49,750 | 65,894 | 0.041 |
Odyssean Investment Trust | Peter Hewitt | 01 May 18 | 35,000 | 102.67 | 35,935 | 65,000 | 0.074 |
Odyssean Investment Trust | Richard King | 26 Apr 18 | 30,000 | 100 | 30,000 | 30,000 | 0.034 |
Odyssean Investment Trust | Arabella Cecil | 26 Apr 18 | 100,000 | 100 | 100,000 | 100,000 | 0.114 |
Odyssean Investment Trust | Jane Tufnell (ch) | 26 Apr 18 | 500,000 | 100 | 500,000 | 500,000 | 0.572 |
P2P Global Investments | Michael Cassidy | 30 Apr 18 | 6,000 | 795 | 47,700 | 21,000 | 0.027 |
Petropavlovsk♥ | Bektas Mukazhanov | 27 Apr 18 | 226,380 | 6.9 | 15,620 | 1,152,406 | 0.035 |
Pittards | Stephen Yapp (ch) | 01 May 18 | 23,880 | 83.75 | 20,000 | 84,111 | 0.606 |
Polar Capital Technology Trust | Stephen White | 26 Apr 18 | 10,000 | 1,115.36 | 111,536 | 10,000 | 0.007 |
Porta Communications | Emma Kane | 01 May 18 | 1,538,462 | 3.25 | 50,000 | 1,538,462 | 0.334 |
River and Mercantile | Kevin Hayes (cfo) | 27 Apr 18 | 8,000 | 310 | 24,800 | 260,865 | 0.318 |
River and Mercantile | Kevin Hayes (cfo) | 30 Apr 18 | 24,110 | 309 | 74,500 | 284,975 | 0.347 |
Ruffer Investment Co | David Staples | 01 May 18 | 20,000 | 229.48 | 45,896 | 20,000 | 0.011 |
SQN Asset Finance Income Fund♥ | Peter Niven (ch) | 30 Apr 18 | 20,000 | 92.06 | 18,412 | 79,858 | 0.022 |
Senior | Susan Brennan | 26 Apr 18 | 5,900 | 295 | 17,405 | 5,900 | 0.001 |
SimplyBiz | Matthew Timmins | 01 May 18 | 25,000 | 162 | 40,500 | 1,536,975 | 2.010 |
SimplyBiz | Neil Stevens | 02 May 18 | 25,000 | 170 | 42,500 | 1,561,975 | 2.043 |
Sportech | Richard McGuire (ch) | 26 Apr 18 | 250,000 | 57 | 142,500 | 520,000 | 0.278 |
The Royal Bank of Scotland | Mike Rogers | 30 Apr 18 | 20,000 | 269.5 | 53,900 | 20,000 | 0.000 |
Touchstar | Ian Martin (ch) | 27 Apr 18 | 32,000 | 62 | 19,840 | 700,250 | 8.262 |
Urban Logistics REIT* | Richard Moffitt | 26 Apr 18 | 41,841 | 119.5 | 50,000 | 398,362 | 0.468 |
Urban Logistics REIT* | Nigel Rich (ch) | 26 Apr 18 | 41,841 | 119.5 | 50,000 | 225,536 | 0.265 |
Velocity Composites | Mark Mills (ch) | 01 May 18 | 90,000 | 55 | 49,500 | 2,124,024 | 5.934 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AB Dynamics | Anthony Best | 01 May 18 | 100,000 | 990 | 990,000 | 6,147,107 | 31.707 |
AB Dynamics | Matt Hubbard | 27 Apr 18 | 5,000 | 1,000 | 50,000 | 109,649 | 0.566 |
AB Dynamics♥ | Rob Hart (fd) | 27 Apr 18 | 1,180 | 1,001.40 | 11,817 | 13,012 | 0.067 |
AB Dynamics | Rob Hart (fd) | 27 Apr 18 | 1,180 | 1,001.40 | 11,817 | 14,192 | 0.073 |
Ashtead | Chris Cole (ch) | 26 Apr 18 | 40,000 | 2,040 | 816,000 | 70,082 | 0.014 |
Avingtrans | Graham Thornton | 30 Apr 18 | 20,000 | 215.6 | 43,120 | 0 | 0.000 |
Card Factory | Geoffrey Cooper (ch) | 26 Apr 18 | 100,000 | 234.15 | 234,150 | 218,828 | 0.064 |
GlobalData | Mike Danson (ceo) | 27 Apr 18 | 1,433,877 | 585 | 8,388,180 | 81,028,349 | 68.602 |
Independent Investment Trust (The) | D McDougall (ch) | 02 May 18 | 25,000 | 743 | 185,750 | 8,084,500 | 14.575 |
John Laing | Olivier Brousse (ceo) | 26 Apr 18 | 20,000 | 281 | 56,200 | 312,557 | 0.064 |
John Laing | Olivier Brousse (ceo) | 27 Apr 18 | 47,984 | 280.54 | 134,614 | 264,573 | 0.054 |
John Laing | Olivier Brousse (ceo) | 27 Apr 18 | 63,568 | 280 | 177,990 | 218,163 | 0.045 |
Keystone Law | James Knight (ceo) | 02 May 18 | 900,000 | 282 | 2,538,000 | 10,932,127 | 34.956 |
Keystone Law♥ | Simon Philips | 02 May 18 | 1,800,000 | 282 | 5,076,000 | 5,275,000 | 16.867 |
Satellite Solutions Worldwide | Andrew Walwyn (ceo) | 26 Apr 18 | 5,000,000 | 8.5 | 425,000 | 44,526,572 | 5.272 |
Satellite Solutions Worldwide | Simon Clifton | 26 Apr 18 | 6,000,000 | 8.5 | 510,000 | 27,990,450 | 3.314 |
St James's Place♥ | David Lamb | 27 Apr 18 | 15,000 | 1,126 | 168,900 | 431,318 | 0.082 |
Ten Entertainment* | Alan Hand (ceo) | 26 Apr 18 | 217,037 | 240 | 520,889 | 651,109 | 1.002 |
Ten Entertainment*♥ | Christopher Mills | 26 Apr 18 | 8,921,834 | 240 | 21,412,402 | 15,023,917 | 23.114 |
Ten Entertainment* | Graham Blackwell | 26 Apr 18 | 130,798 | 240 | 313,915 | 392,395 | 0.604 |
Ten Entertainment* | Nick Basing (ch) | 26 Apr 18 | 450,000 | 240 | 1,080,000 | 1,350,000 | 2.077 |
*placing/tender/open offer ♥spouse/connected party