The collapse of the Mediclinic (MDC) and Spire (SPI) merger has left both companies’ share prices nursing hangovers. What better time for an injection of confidence by senior management. Spire’s new chief executive, Justin Ash – who took the top job in early October – spent £199,843 on 84,000 new shares, while Mediclinic’s chief financial officer doubled his holding on the Johannesburg Stock Exchange.
It's been a tough year for both healthcare companies, despite wider, positive global trends for the sector. Spire suffered a decline in NHS outsourcing amid ongoing UK political uncertainty and had to fork out £27.6m for the victims of former consultant Ian Patterson. Mediclinic, meanwhile, has been forced to battle a tough regulatory environment in the Middle East, after acquiring a business in the region in early 2016. Both companies have endured major management changes, with Mediclinic’s chief executive quitting his role suddenly soon after the merger fell through.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Arrow Global | Lee Rochford (ce) | 20 Nov 17 | 24,810 | 400 | 99,240 | 200,164 | 0.114 |
| Bakkavor | Simon Burke (ch) | 17 Nov 17 | 50,000 | 189.75 | 94,875 | 50,000 | 0.009 |
| Bunzl | Frank van Zanten (ce) | 17 Nov 17 | 9,000 | 2,135 | 192,150 | 31,542 | 0.009 |
| Cenkos Securities | Andrew Boorman | 21 Nov 17 | 28,000 | 99.65 | 27,902 | 28,000 | 0.049 |
| Cenkos Securities | Andrew Boorman | 21 Nov 17 | 9,500 | 99.65 | 9,467 | 37,500 | 0.066 |
| Cenkos Securities♥ | Anthony Hotson (ce) | 21 Nov 17 | 27,140 | 99.65 | 27,045 | 60,000 | 0.106 |
| ClearStar Inc | Barney Quinn (ch) | 16 Nov 17 | 39,000 | 38 | 14,820 | 244,555 | 0.674 |
| Cropper (James)♥ | Mark Cropper (ch) | 20 Nov 17 | 8,194 | 1,647 | 134,955 | 1,747,849 | 18.464 |
| CYBG | Tim Wade | 22 Nov 17 | 20,000 | 321 | 64,200 | 20,000 | 0.002 |
| Derriston Capital | Rodger Sargent (ce) | 22 Nov 17 | 300,000 | 11.05 | 33,150 | 1,450,000 | 5.800 |
| DFS Furniture | Ian Durant (ch) | 21 Nov 17 | 15,000 | 192.5 | 28,875 | 15,000 | 0.007 |
| Essentra | Tommy Breen | 16 Nov 17 | 10,000 | 510 | 51,000 | 10,000 | 0.004 |
| Falanx | Mike Read (ch & ce) | 16 Nov 17 | 350,000 | 5.2 | 18,200 | 2,577,273 | 1.639 |
| Grafenia | Conrad Bona | 22 Nov 17 | 25,000 | 11 | 2,750 | 615,000 | 1.354 |
| Hill & Smith | JF Lennox (ch) | 22 Nov 17 | 2,500 | 1,296 | 32,400 | 7,500 | 0.010 |
| Hunters Property | Edward Jones (cfo) | 22 Nov 17 | 20,000 | 44.5 | 8,900 | 3,756,129 | 11.806 |
| Hydrodec | Lord Moynihan (ch) | 16 Nov 17 | 471,845 | 2.113 | 9,970 | 11,818,895 | 1.583 |
| Inmarsat | Dr. Abraham Peled | 21 Nov 17 | 8,000 | 480.22 | 38,418 | 38,000 | 0.008 |
| Joules | Marc Dench (cfo) | 22 Nov 17 | 9,400 | 265 | 24,910 | 98,023 | 0.112 |
| Kier | Haydn Mursell (ce) | 17 Nov 17 | 1,905 | 1,047 | 19,945 | 74,435 | 0.076 |
| Kier♥ | Haydn Mursell (ce) | 17 Nov 17 | 1,912 | 1,046 | 20,000 | 76,347 | 0.078 |
| Kier♥ | Nigel Brook | 22 Nov 17 | 875 | 1,022 | 8,943 | 22,213 | 0.023 |
| Kier♥ | Claudio Veritiero | 17 Nov 17 | 1,931 | 1,030 | 19,889 | 25,928 | 0.027 |
| Learning Technologies | Harry Hill | 21 Nov 17 | 15,000 | 56 | 8,400 | 2,236,000 | 0.391 |
| Learning Technologies | Jonathan Satchell (ce) | 21 Nov 17 | 100,000 | 56 | 56,000 | 103,139,995 | 18.052 |
| Marks & Spencer | AJ Norman (ch) | 22 Nov 17 | 33,000 | 300 | 99,000 | 43,000 | 0.003 |
| Mediclinic International | Petrus Jurgens Myburgh (cfo) | 21 Nov 17 | 30,000 | 541.42 | 162,425 | 60,000 | 0.008 |
| Meggitt | Sir Nigel Rudd (ch) | 20 Nov 17 | 1,500 | 476.7 | 7,151 | 123,500 | 0.016 |
| Meggitt♛ | Sir Nigel Rudd (ch) | 20 Nov 17 | 1,150 | 476.7 | 5,482 | 124,650 | 0.016 |
| Morrison (Wm) Supermarkets | Tony van Kralingen | 17 Nov 17 | 13,000 | 210.55 | 27,371 | 13,000 | 0.001 |
| National Grid† | Pierre Dufour | 20 Nov 17 | 12,500 | 893.07 | 111,634 | 18,500 | 0.001 |
| NEX | Robert Standing | 21 Nov 17 | 10,000 | 584.5 | 58,450 | 15,714 | 0.004 |
| PCI-PAL | William Good (cfo) | 17 Nov 17 | 25,000 | 50.6 | 12,650 | 125,000 | 0.396 |
| Proxama | Mark Slade (ce) | 16 Nov 17 | 76,000,000 | 0.03 | 20,140 | 176,000,000 | 1.280 |
| QinetiQ | David Smith (cfo) | 20 Nov 17 | 14,519 | 206.62 | 29,999 | 53,253 | 0.009 |
| QinetiQ | Mark Harper | 20 Nov 17 | 5,000 | 204.18 | 10,209 | 40,000 | 0.007 |
| QinetiQ | Steve Wadey (ce) | 20 Nov 17 | 50,000 | 206.62 | 103,310 | 102,444 | 0.018 |
| RELX | Marike Van Lier Lels | 16 Nov 17 | 5,000 | 1,705.74 | 85,287 | 5,000 | <0.001 |
| Rotork | Martin Lamb (ch) | 21 Nov 17 | 11,253 | 261 | 29,370 | 118,060 | 0.014 |
| Softcat | Peter Ventress | 16 Nov 17 | 18,202 | 556.57 | 101,307 | 48,202 | 0.024 |
| Spirax-Sarco Engineering♥ | James Pike | 21 Nov 17 | 1,720 | 5,825 | 100,190 | 4,540 | 0.006 |
| U+I ♥ | Matthew Weiner (ce) | 22 Nov 17 | 36,040 | 192 | 69,197 | 336,620 | 0.269 |
| Ultra Electronics | Amitabh Sharma (fd) | 20 Nov 17 | 846 | 1,170 | 9,898 | 2,573 | 0.003 |
| Ultra Electronics Holings | Sir Robert Walmsley KCB | 16 Nov 17 | 1,000 | 1,196 | 11,960 | 3,000 | 0.004 |
| Ultra Electronics | Victoria Hull | 17 Nov 17 | 1,684 | 1,181 | 19,888 | 1,684 | 0.002 |
| Vitesse Media | Anne Donoghue | 16 Nov 17 | 181,363 | 2.75 | 4,987 | 181,363 | 0.105 |
| Wilmington | Paul Dollman | 22 Nov 17 | 15,000 | 224 | 33,600 | 25,000 | 0.029 |
| Wynnstay Properties | Toby Parker (fd) | 20 Nov 17 | 2,000 | 590 | 11,800 | 18,583 | 0.685 |
| Zinc Media* | Nicholas Taylor | 17 Nov 17 | 2,777,780 | 0.9 | 25,000 | 2,777,780 | 0.204 |
| Zinc Media* | David Galan (cfo) | 17 Nov 17 | 2,777,780 | 0.9 | 25,000 | 4,652,547 | 0.342 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Hiscox | Robert Childs (ch) | 21 Nov 17 | 30,000 | 1,416.47 | 424,940 | 1,379,610 | 0.482 |
| Personal Group♛ | Ken Rooney | 20 Nov 17 | 4,405 | 465 | 20,483 | 12,719 | 0.041 |
| Schroders | Michael Dobson (ch) | 20 Nov 17 | 22,485 | 3,499 | 786,750 | 203,072 | 0.090 |
| Schroders | Michael Dobson (ch) | 17 Nov 17 | 9,822 | 3,512 | 344,949 | 225,557 | 0.100 |
| TBC Bank | Giorgi Shagidze (cfo) | 22 Nov 17 | 467 | 1,650.20 | 7,706 | 5,103 | 0.010 |
| TBC Bank | Giorgi Shagidze (cfo) | 21 Nov 17 | 28,277 | 1,650.07 | 466,590 | 5,570 | 0.011 |
| TBC Bank | Giorgi Shagidze (cfo) | 20 Nov 17 | 10,392 | 1,664.93 | 173,020 | 33,847 | 0.064 |
| TBC Bank | Giorgi Shagidze (cfo) | 17 Nov 17 | 16,233 | 1,670.83 | 271,226 | 44,239 | 0.084 |
| *Placing/tender/open offer ♥Spouse/connected party † depositary receipts ♛Closely associated person(s) | |||||||
