There has been steady institutional demand for shares in Hibernia REIT (HBRN), and chief executive Kevin Nowlan has added some liquidity by selling off 3.4m shares, although he still owns over 5m shares.
And it’s not hard to see why Hibernia REIT is attracting attention. Dublin’s property market is performing very strongly right now, as demand for decent office space is accelerating after a period following the financial crash where there was little or no investment in new stock.
The Dublin government has not been slow to recognise this, and last October it pushed stamp duty on commercial property transactions up from 2 per cent to 6 per cent. However, this seems unlikely to dampen demand, especially with some lettings coming as a result of the UK’s planned exit from the EU. Hibernia has an extensive development arm, but operating with long leases and securing pre-let agreements suggest that the growth story has further to run.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Asian Income Fund | Peter Arthur (ch) | 22 Jan 18 | 453 | 220.77 | 1,000 | 58,634 | 0.032 |
Aukett Swanke | Nicholas Thompson (ceo) | 23 Jan 18 | 125,000 | 2.5 | 3,125 | 16,802,411 | 10.170 |
Benchmark | Kevin Quinn | 23 Jan 18 | 35,929 | 69.55 | 24,989 | 60,929 | 0.012 |
Brave Bison | Claire Hungate (ceo) | 18 Jan 18 | 1,248,506 | 0.8 | 9,988 | 1,248,506 | 0.217 |
Brave Bison | Paul Campbell-White (cfo) | 18 Jan 18 | 628,930 | 0.795 | 5,000 | 628,930 | 0.110 |
Brave Bison | Paul Marshall | 18 Jan 18 | 1,346,153 | 0.78 | 10,500 | 1,346,153 | 0.234 |
Brave Bison | Robin Miller (ch) | 18 Jan 18 | 1,900,000 | 0.8 | 15,200 | 3,593,243 | 0.626 |
Cabot Energy* | Jon Murphy (ch) | 18 Jan 18 | 300,462 | 5 | 15,023 | 2,704,160 | 0.417 |
Cabot Energy* | Iain Lanaghan | 18 Jan 18 | 53,379 | 5 | 2,669 | 480,411 | 0.074 |
Cabot Energy* | Keith Bush (ceo) | 18 Jan 18 | 140,047 | 5 | 7,002 | 940,426 | 0.145 |
Cabot Energy* | Nick Morgan (fd) | 18 Jan 18 | 111,029 | 5 | 5,551 | 999,266 | 0.154 |
Cabot Energy* | Paul Lafferty | 18 Jan 18 | 100,000 | 5 | 5,000 | 671,269 | 0.104 |
Carclo | Chris Malley (ceo) | 24 Jan 18 | 100,000 | 83.87 | 83,870 | 259,726 | 0.354 |
Carclo | Mark Rollins | 24 Jan 18 | 35,000 | 84 | 29,400 | 70,000 | 0.096 |
Connect | Gary Kennedy (ch) | 23 Jan 18 | 30,000 | 75.99 | 22,797 | 60,000 | 0.024 |
Dunelm | Andy Harrison (ch) | 18 Jan 18 | 77,449 | 640.77 | 496,270 | 280,381 | 0.139 |
FFI♥ | James Terlizzi (ch) | 18 Jan 18 | 225,000 | 77 | 173,250 | 10,308,184 | 6.564 |
FFI | Timothy Trankina (cfo) | 19 Jan 18 | 225,000 | 77 | 173,250 | 225,000 | 0.143 |
Franchise Brands | David Poutney | 19 Jan 18 | 490,000 | 59.5 | 291,550 | 2,750,791 | 3.539 |
GCP Infrastructure Investments | Clive Spears | 23 Jan 18 | 25,000 | 120.82 | 30,205 | 51,942 | 0.006 |
Hollywood Bowl♥ | Ivan Schofield | 23 Jan 18 | 9,650 | 205 | 19,783 | 75,000 | 0.050 |
Hollywood Bowl♥ | Ivan Schofield | 23 Jan 18 | 15,350 | 205 | 31,468 | 65,350 | 0.044 |
Hotel Chocolat | Matt Pritchard (cfo) | 24 Jan 18 | 9,500 | 332 | 31,540 | 26,392 | 0.023 |
Keystone Investment Trust | Katrina Hart | 19 Jan 18 | 1,091 | 1,809.50 | 19,742 | 1,091 | 0.008 |
Lakehouse | Derek Zissman | 23 Jan 18 | 100,000 | 39.5 | 39,500 | 100,000 | 0.063 |
New Century AIM VCT | Michael Barnard | 22 Jan 18 | 3,223 | 77 | 2,482 | 1,877,342 | 21.494 |
Oxford BioMedica | Lorenzo Tallarigo (ch) | 22 Jan 18 | 23,941 | 11.1 | 2,657 | 2,197,028 | 0.071 |
Palace Capital | Stanley Davis (ch) | 18 Jan 18 | 100,000 | 330 | 330,000 | 1,665,287 | 3.633 |
Shoe Zone | Jonathan Fearn | 24 Jan 18 | 350 | 167 | 585 | 350 | 0.001 |
Shoe Zone♥ | Nick Davis (ceo) | 24 Jan 18 | 11,000 | 167 | 18,370 | 33,700 | 0.067 |
Staffline | Christopher Pullen (cfo) | 24 Jan 18 | 5,043 | 991.37 | 49,995 | 12,000 | 0.043 |
Touchstar* | Ian Martin (ch) | 22 Jan 18 | 333,333 | 60 | 200,000 | 668,583 | 9.634 |
Touchstar* | John Christmas | 22 Jan 18 | 33,333 | 60 | 20,000 | 33,333 | 0.480 |
Touchstar* | Mark Hardy | 22 Jan 18 | 33,000 | 60 | 19,800 | 33,000 | 0.476 |
Velocity Composites | Mark Mills (ch) | 24 Jan 18 | 50,000 | 95 | 47,500 | 1,934,024 | 5.403 |
Volex | Adrian Chamberlain | 24 Jan 18 | 24,986 | 80 | 19,989 | 24,986 | 0.028 |
XLMedia | Ory Weihs (ceo) | 18 Jan 18 | 31,580 | 188 | 59,370 | 4,031,820 | 1.830 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Clipper Logistics | Antony Mannix (ceo) | 24 Jan 18 | 498,237 | 430 | 2,142,419 | 860,376 | 0.858 |
Clipper Logistics | David Hodkin (cfo) | 24 Jan 18 | 498,237 | 430 | 2,142,419 | 860,376 | 0.858 |
Clipper Logistics | Steven Parkin (ch) | 24 Jan 18 | 4,872,000 | 430 | 20,949,600 | 25,128,000 | 25.055 |
Cranswick | John Bottomley (fd) | 24 Jan 18 | 908 | 3,112.08 | 28,258 | 85,965 | 0.169 |
Globalworth Real Estate Investments | Ioannis Papalekas (ceo) | 24 Jan 18 | 1,000,000 | 832.2 | 8,322,000 | 24,129,187 | 18.241 |
Hibernia REIT | Kevin Nowlan (ceo) | 24 Jan 18 | 3,407,251 | 132.6 | 4,518,932 | 5,002,918 | 0.723 |
Hilton Food | Robert Watson (ceo) | 19 Jan 18 | 24,850 | 835 | 207,498 | 3,005,015 | 3.694 |
Park Group | Gary Woods | 18 Jan 18 | 206,139 | 84.5 | 174,187 | 1,000,000 | 0.539 |
Taptica International♥ | Hagai Tal (ceo) | 22 Jan 18 | 1,650,000 | 450 | 7,425,000 | 9,375,509 | 13.879 |
*Placing/tender/open offer ♥Spouse/connected party |