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Micro Focus chairman buys in

Kevin Loosemore purchased the equivalent of £1.1m of shares in the software group following encouraging annual results
July 27, 2017

It doesn't come as a huge surprise that chairman Kevin Loosemore boosted his stake in Micro Focus (MCRO). We noted only a couple of weeks ago that Micro Focus will become one of the world’s largest dedicated software companies if the acquisition of Hewlett Packard’s software business completes as planned.

IC TIP: Buy at 2,240p

Micro Focus’s recent full-year results showed a good reduction in net debt and analysts at Numis forecast pre-tax profit and EPS to rise during FY2019 following the integration of the HPE business. Mr Loosemore bought 49,000 shares - costing him £1.1m - which takes his share ownership up to 0.3 per cent, suggesting Mr Loosemore is encouraged by the company's ability to generate a decent return on equity. 

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Japan Investment Trust♥ Neil Gaskell (ch)19 Jul 1717,57856699,49135,0780.234
Animalcare*  Edwin Torr13 Jul 1785,455350299,093107,4550.179
Animalcare*  Jan Boone (ch)13 Jul 1750,171350175,59950,1710.084
Apax Global Alpha Sarah Evans13 Jul 1720,000152.330,46040,0000.008
Apax Global Alpha♥ Sarah Evans13 Jul 1735,000152.553,37575,0000.015
Autins  Adam Attwood (ch)19 Jul 1735,778139.449,875455,4282.061
Autins  Ian Griffiths19 Jul 1714,311139.419,95014,3110.065
Autins  Michael Jennings (ceo)19 Jul 1771,557139.499,75071,5570.324
Bahamas Petroleum* Edward Shallcross19 Jul 172,750,000127,5003,070,0000.203
Bahamas Petroleum* Adrian Collins19 Jul 172,000,000120,0002,200,0000.146
Bahamas Petroleum* James Smith 19 Jul 171,850,000118,5001,850,0000.122
Bahamas Petroleum* William Schrader (ch)19 Jul 172,825,000128,2503,075,0000.204
Bahamas Petroleum* Ross McDonald19 Jul 171,850,000118,5002,100,0000.139
Bahamas Petroleum* Simon Potter (ceo)19 Jul 172,000,000120,0004,000,0000.265
Dixons Carphone Ian Livingston (ch)14 Jul 1719,08726049,62650,9760.004
GB  David Rasche (ch)13 Jul 1714,695338.87549,798855,4730.562
Imperial Brands Simon Langelier19 Jul 1724,1003,446.75830,66624,1000.003
Inspired Energy* Mark Dickinson18 Jul 17344,82814.550,000689,6550.125
Inspired Energy* Richard Logan18 Jul 17344,82814.550,000344,8280.062
Intercede  Chuck Pol17 Jul 1770,5375538,79570,5370.142
Micro Focus International Kevin Loosemore (ch)18 Jul 1749,0002,170.601,063,594750,4180.327
Mid Wynd International Inv Trust David Kidd17 Jul 177,500446.733,50317,5000.054
NCC  Brian Tenner (cfo)18 Jul 1727,493180.9149,73827,4930.010
NCC  Brian Tenner (cfo)18 Jul 1727,499180.8749,73783,8100.030
NCC  Brian Tenner (cfo)18 Jul 1727,499180.8749,737111,3090.040
NCC  Brian Tenner (cfo)18 Jul 1728,818179.551,72856,3110.020
NCC  Chris Batterham18 Jul 1728,000179.550,26050,0000.018
NCC  Chris Stone18 Jul 1750,000180.7590,37550,0000.018
NCC  Jonathan Brooks18 Jul 1730,000179.553,85030,0000.011
NCC  Thomas Chambers18 Jul 178,234181.0914,91129,1340.011
NCC♥  Debbie Hewitt 18 Jul 176,946179.9612,50051,2890.019
NCC♥  Debbie Hewitt 18 Jul 176,954179.4512,47944,3430.016
Northgate Andrew Page (ch)18 Jul 1730,000422.22126,66640,0000.030
Omega Diagnostics*  Jag Grewal19 Jul 1753,333189,600153,2460.121
Omega Diagnostics*  Andrew Shepherd (ceo)19 Jul 17111,1111820,0002,819,2912.222
Omega Diagnostics*  Colin King19 Jul 17277,7771850,000277,7770.219
Omega Diagnostics*  David Evans (ch)19 Jul 171,111,11118200,0004,154,7453.274
Personal Assets Trust Jean Sharp17 Jul 17440,572.311,6239520.047
Personal Assets Trust Hamish Buchan (ch)18 Jul 17440,756.901,6301,1280.056
Personal Assets Trust Robin Angus18 Jul 17440,756.901,6304,5490.226
Personal Assets Trust♥ Robin Angus18 Jul 17540,8002,0404,5650.227
Personal Assets Trust Robin Angus18 Jul 17540,868.602,0434,5540.226
Personal Assets Trust♥ Robin Angus18 Jul 17640,756.902,4454,5600.226
Polar Capital Tom Bartlam (ch)18 Jul 1750,000430215,000100,0000.109
QinetiQ  Steve Wadey (ceo)13 Jul 1715,000261.681639,25237,0690.007
Renewi♥ Toby Woolrych (fd)13 Jul 1758,41385.1549,739149,9080.019
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Animalcare*  Ian Menneer13 Jul 17305,0003501,067,500601,9321.005
Animalcare*  Nick Wills 13 Jul 17250,000350875,00060,4460.101
Animalcare*  Chris Brewster13 Jul 17164,000350574,000280,5130.468
Conviviality♥ Diana Hunter (ceo)19 Jul 1730,000337.1101,130763,4760.442
IronRidge Resources Geoffrey Crow19 Jul 171,000,00035350,00000.000
Kalibrate Technologies Neville Davis13 Jul 1725,00085.521,37500.000
Kalibrate Technologies Philip Lawler13 Jul 1763,53285.554,32000.000
Premier Technical Services  Roger McDowell17 Jul 17269,828115310,30200.000
Wizz Air Tierry de Preux19 Jul 175,0002,600130,00056,3840.078
Wizz Air Tierry de Preux19 Jul 175,0002,626131,30061,3840.085
Wizz Air Tierry de Preux19 Jul 175,0002,644132,20051,3840.071
YouGov Doug Rivers14 Jul 17250,000260650,0001,238,1351.178
        

*Placing/tender/open offer

♥Spouse/connected party