It’s been an eventful year for Flowgroup (FLOW). The group's smart energy division became vulnerable when the government capped the number of energy-efficient micro-CHP boilers that could receive feed-in tariff payments, prohibiting a UK rollout of the group's main product. In February, management announced its intention to sell the energy business to fund the launch of its boilers across Europe instead. By May, the board said it wanted to raise money as an alternative to this disposal. In June, it successfully raised more than £25m, recapitalising the balance sheet.
IC TIP:
Hold
at
0.9p
Following this turbulence, chief executive Tony Stiff has increased his shareholding. On 19 September, he bought 11.2m shares equivalent to £97,456 – taking his ownership to 1.18 per cent. Mr Stiff said he had taken the opportunity to triple his holding given the group's "considerable potential". Having positioned itself as a challenger to the 'big six' energy groups Mr Stiff said he remains "extremely excited" about the group's ability to grow its customer base.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Anpario | Peter Lawrence (ch) | 19 Sep 17 | 3,334 | 368.6 | 12,289 | 36,684 | 0.160 |
| Anpario | Peter Lawrence (ch) | 20 Sep 17 | 26,666 | 380 | 101,331 | 63,350 | 0.276 |
| Diversified Gas & Oil | Martin Thomas | 14 Sep 17 | 33,500 | 74.68 | 25,018 | 2,033,500 | 1.402 |
| Diversified Gas & Oil | David Johnson | 14 Sep 17 | 33,500 | 74.68 | 25,018 | 133,500 | 0.092 |
| Empiric Student Property | Paul Hadaway (ceo) | 14 Sep 17 | 46,000 | 107.185 | 49,305 | 1,532,775 | 0.254 |
| FBD | Liam Herlihy (ch) | 18 Sep 17 | 5,000 | 823.8671 | 41,193 | 8,000 | 0.023 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 861,379 | 0.87 | 7,494 | 10,432,515 | 0.733 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 1,115,277 | 0.8961 | 9,994 | 6,731,023 | 0.473 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 1,150,057 | 0.869 | 9,994 | 11,582,572 | 0.814 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 1,150,189 | 0.8689 | 9,994 | 12,732,761 | 0.894 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 1,175,764 | 0.85 | 9,994 | 16,848,877 | 1.184 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 2,840,113 | 0.88 | 24,993 | 9,571,136 | 0.672 |
| Flowgroup | Tony Stiff (ceo) | 19 Sep 17 | 2,940,352 | 0.85 | 24,993 | 15,673,113 | 1.101 |
| Forbidden Technologies | Ian McDonough (ceo) | 14 Sep 17 | 762,862 | 5.24 | 39,974 | 762,862 | 0.423 |
| Franchise Brands | Chris Dent (cfo) | 14 Sep 17 | 15,000 | 64.5 | 9,675 | 15,000 | 0.019 |
| Franchise Brands | David Poutney | 14 Sep 17 | 85,000 | 62 | 52,700 | 2,118,970 | 2.726 |
| Franchise Brands | Nigel Wray | 14 Sep 17 | 85,000 | 62 | 52,700 | 21,628,120 | 27.824 |
| Franchise Brands | Stephen Hemsley (ch) | 14 Sep 17 | 85,000 | 62 | 52,700 | 20,548,117 | 26.435 |
| Galileo Resources♥* | Colin Bird (ch & ceo) | 14 Sep 17 | 2,500,000 | 2 | 50,000 | 51,935,000 | 20.399 |
| Greencore♥ | Eoin Tonge (cfo) | 15 Sep 17 | 25,000 | 187 | 46,750 | 421,818 | 0.060 |
| Hunters Property | Ed Jones (cfo) | 15 Sep 17 | 13,091 | 49 | 6,415 | 3,736,129 | 11.757 |
| Hunters Property | Kevin Hollinrake (ch) | 15 Sep 17 | 8,227 | 49 | 4,031 | 4,223,185 | 13.290 |
| Hunters Property | Glynis Frew (ceo) | 15 Sep 17 | 13,091 | 49 | 6,415 | 1,757,122 | 5.530 |
| Ingenta♥ | Max Royde | 14 Sep 17 | 12,000 | 152 | 18,240 | 4,494,254 | 26.562 |
| Ingenta♥ | Max Royde | 18 Sep 17 | 20,000 | 152 | 30,400 | 4,514,254 | 26.681 |
| Intermediate Capital | Peter Gibbs | 15 Sep 17 | 30,000 | 841.53 | 252,459 | 30,000 | 0.010 |
| Interserve♥ | Debbie White (ceo) | 15 Sep 17 | 65,408 | 76.0521 | 49,744 | 65,408 | 0.045 |
| Interserve | Glyn Barker (ch) | 18 Sep 17 | 62,500 | 89.714 | 56,071 | 88,300 | 0.061 |
| Interserve | Gareth Edwards | 18 Sep 17 | 21,350 | 98 | 20,923 | 21,350 | 0.015 |
| Joules | Marc Dench (cfo) | 14 Sep 17 | 6,363 | 275 | 17,498 | 88,863 | 0.102 |
| Land Securities | Alison Carnwath (ch) | 18 Sep 17 | 10,050 | 978.02 | 98,291 | 163,742 | 0.021 |
| Majestic Wine♥ | Jennifer Crawford (cfo) | 14 Sep 17 | 3,500 | 314 | 10,990 | 45,797 | 0.064 |
| National Express | Dean Finch (ceo) | 18 Sep 17 | 14,200 | 347.39 | 49,329 | 151,798 | 0.030 |
| Oakley Capital Investments | Caroline Foulger | 14 Sep 17 | 61,000 | 164 | 100,040 | 122,000 | 0.060 |
| Ovoca Gold | Kirill Golovanov | 18 Sep 17 | 3,250,000 | 8.5 | 276,250 | 19,506,203 | 23.915 |
| Personal Assets Trust♥ | Jean Sharp | 19 Sep 17 | 4 | 40436 | 1,617 | 972 | 0.046 |
| Personal Assets Trust | Robin Angus | 19 Sep 17 | 4 | 40436 | 1,617 | 4,579 | 0.219 |
| Personal Assets Trust♥ | Robin Angus | 19 Sep 17 | 4 | 40436 | 1,617 | 4,583 | 0.219 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 703 | 811 | 5,701 | 3,164,128 | 0.736 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 1,982 | 812 | 16,094 | 3,200,709 | 0.744 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 3,929 | 811.5 | 31,884 | 3,198,727 | 0.744 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 10,670 | 811.5 | 86,587 | 3,174,798 | 0.738 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 12,716 | 809.5 | 102,936 | 3,163,425 | 0.735 |
| Polymetal International | Vitaly Nesis (ceo) | 19 Sep 17 | 20,000 | 812.5 | 162,500 | 3,194,798 | 0.743 |
| Polymetal International | Marina Grönberg | 19 Sep 17 | 1,400 | 817 | 11,438 | 17,400 | 0.004 |
| Polymetal International♥ | Marina Grönberg | 19 Sep 17 | 6,000 | 812.3 | 48,738 | 23,400 | 0.005 |
| Regional REIT | William Eason | 19 Sep 17 | 100,000 | 100.75 | 100,750 | 200,000 | 0.067 |
| Rolls-Royce | Beverly Goulet | 15 Sep 17 | 4,250 | 885.34 | 37,627 | 4,250 | 0.000 |
| Tatton Asset Management | Lothar Mentel | 19 Sep 17 | 50,000 | 180 | 90,000 | 513,419 | 0.918 |
| Tatton Asset Management | Lothar Mentel | 19 Sep 17 | 65,615 | 178 | 116,795 | 579,034 | 1.036 |
| Tatton Asset Management | Lothar Mentel | 20 Sep 17 | 10,000 | 179.72 | 17,972 | 589,034 | 1.054 |
| Tatton Asset Management | Lothar Mentel | 20 Sep 17 | 10,000 | 179.7625 | 17,976 | 599,034 | 1.071 |
| Tatton Asset Management | Lothar Mentel | 20 Sep 17 | 13,000 | 180 | 23,400 | 612,034 | 1.095 |
| Ten Entertainment | Robert McWilliam | 14 Sep 17 | 10,000 | 174.6725 | 17,467 | 10,000 | 0.015 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Cropper (James)♥ | Dave Watson | 14 Sep 17 | 1,100 | 1900 | 20,900 | 257 | 0.003 |
| Gamma Communications | Andrew Stone | 18 Sep 17 | 32,000 | 580 | 185,600 | 648,500 | 0.695 |
| Gamma Communications | Andrew Stone | 19 Sep 17 | 18,000 | 580.75 | 104,535 | 630,500 | 0.676 |
| Metro Bank | Stuart Bernau | 19 Sep 17 | 4,000 | 3424 | 136,960 | 53,654 | 0.061 |
| Stobart | Andrew Tinkler | 19 Sep 17 | 1,250,000 | 291.05 | 3,638,125 | 27,226,811 | 7.734 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
