Overcapacity in the European short-haul aviation market is a sensitive subject, especially in light of the recent collapse of multiple budget airlines. But this hasn’t deterred Wizz Air (WIZZ) from expanding. By February, the airline had increased capacity by more than a fifth year on year, serving 29.1m passengers – a quarter more than the year before. During the third quarter alone, 39 new routes were announced and a further four in February, taking the current total network past 600.
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So far, so good: the share price has doubled over the past 12 months, which could leave some investors wondering if this is an opportunity to bank some profits. Chief executive József Váradi seems to think so. Vaxco, a Malta-based holding company associated with the Wizz Air boss, sold 150,000 shares for £5.4m at the end of last month. A company spokesperson had “no comment” about the transaction.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AdEPT Telecom | Christopher Kingsman | 22 Feb 18 | 100,000 | 305.125 | 305,125 | 4,249,357 | 17.928 |
| AdEPT Telecom | Christopher Kingsman | 28 Feb 18 | 800,000 | 305 | 2,440,000 | 5,049,357 | 21.304 |
| Associated British Foods | Michael McLintock | 27 Feb 18 | 7,500 | 2716 | 203,700 | 7,500 | 0.001 |
| BCA Marketplace♥ | Avril Palmer-Baunack (ch) | 23 Feb 18 | 11,783 | 169.728 | 19,999 | 13,825,638 | 1.719 |
| BGEO | Alasdair Breach | 28 Feb 18 | 7,600 | 3385 | 257,260 | 44,000 | 0.112 |
| Barclays | Mike Turner | 23 Feb 18 | 10,000 | 209.7 | 20,970 | 10,000 | 0.000 |
| British American Tobacco | Richard Burrows (ch) | 22 Feb 18 | 4,000 | 4,235.70 | 169,428 | 19,000 | 0.001 |
| Centrica | Jeff Bell (cfo) | 28 Feb 18 | 40,000 | 141.1 | 56,440 | 356,622 | 0.006 |
| Coats | Simon Boddie (cfo) | 28 Feb 18 | 100,000 | 83 | 83,000 | 300,000 | 0.021 |
| Devro | Gerard Hoetmer (ch) | 27 Feb 18 | 25,000 | 199.54 | 49,885 | 235,000 | 0.141 |
| easyHotel | Guy Parsons (ceo) | 22 Feb 18 | 27,273 | 110 | 30,000 | 254,158 | 0.253 |
| easyHotel♥ | Jonathan Lane (ch) | 22 Feb 18 | 47,000 | 110 | 51,700 | 600,000 | 0.597 |
| easyHotel | Marc Vieilledent (cfo) | 22 Feb 18 | 5,000 | 110 | 5,500 | 15,000 | 0.015 |
| easyHotel | Scott Christie | 22 Feb 18 | 10,000 | 110 | 11,000 | 86,456 | 0.086 |
| Eckoh | Christopher Humphrey (ch) | 26 Feb 18 | 50,000 | 39.349 | 19,675 | 400,000 | 0.159 |
| Eckoh | Nik Philpot (ceo) | 26 Feb 18 | 50,000 | 39.4 | 19,700 | 6,926,285 | 2.747 |
| Hammerson | David Tyler (ch) | 27 Feb 18 | 15,000 | 467.8 | 70,170 | 77,370 | 0.010 |
| Hammerson | David Atkins (ceo) | 27 Feb 18 | 15,000 | 467.9 | 70,185 | 628,599 | 0.079 |
| Hammerson | Timon Drakesmith (cfo) | 27 Feb 18 | 15,000 | 461 | 69,150 | 430,861 | 0.054 |
| Hammerson | Terry Duddy | 28 Feb 18 | 15,000 | 454.5 | 68,175 | 35,000 | 0.004 |
| Hays | Andrew Martin | 26 Feb 18 | 35,000 | 195.8723 | 68,555 | 35,000 | 0.002 |
| Perpetual Income & Growth Investment Trust | Micahel Balfour | 28 Feb 18 | 20,000 | 352 | 70,400 | 20,000 | 0.008 |
| PowerHouse Energy | James Greenstreet | 26 Feb 18 | 1,000,000 | 0.5632 | 5,632 | 1,000,000 | 0.071 |
| PowerHouse Energy | Keith Allaun (ceo) | 23 Feb 18 | 2,000,000 | 0.5095 | 10,190 | 2,000,000 | 0.141 |
| Royal Bank of Scotland | Lena Wilson | 26 Feb 18 | 6,000 | 268.9 | 16,134 | 6,000 | 0.000 |
| Royal Bank of Scotland | Yasmin Jetha | 26 Feb 18 | 20,000 | 269 | 53,800 | 20,000 | 0.000 |
| Senior | Ian King | 26 Feb 18 | 33,700 | 297 | 100,089 | 33,700 | 0.008 |
| Serco♥ | Roy Gardner (ch) | 23 Feb 18 | 25,000 | 93.1 | 23,275 | 100,000 | 0.009 |
| Smith & Nephew | Graham Baker (cfo) | 27 Feb 18 | 1,000 | 1,283.34 | 12,833 | 1,000 | 0.000 |
| Standard Life Aberdeen | Jutta af Rosenborg | 28 Feb 18 | 10,000 | 373.44 | 37,344 | 10,000 | 0.000 |
| Standard Life Aberdeen | Martin Gilbert | 26 Feb 18 | 25,000 | 372.09 | 93,023 | 264,185 | 0.009 |
| Standard Life Aberdeen | Martin Gilbert | 26 Feb 18 | 50,000 | 368.2 | 184,100 | 189,185 | 0.006 |
| Standard Life Aberdeen | Martin Gilbert | 26 Feb 18 | 50,000 | 372.1 | 186,050 | 239,185 | 0.008 |
| Standard Life Aberdeen | Simon Troughton | 27 Feb 18 | 20,215 | 379.62 | 76,740 | 73,205 | 0.002 |
| Trufin♥ | Penny Judd | 22 Feb 18 | 12,058 | 202 | 24,357 | 24,743 | 0.025 |
| Trufin♥ | Penny Judd | 22 Feb 18 | 12,685 | 202 | 25,624 | 12,685 | 0.013 |
| Unite* | Andrew Jones | 23 Feb 18 | 5,229 | 765 | 40,002 | 20,229 | 0.008 |
| Unite* | Joe Lister (cfo) | 23 Feb 18 | 1,961 | 765 | 15,002 | 468,549 | 0.178 |
| Unite* | Phil White (ch) | 23 Feb 18 | 2,614 | 765 | 19,997 | 13,566 | 0.005 |
| Unite* | Richard Simpson | 23 Feb 18 | 1,961 | 765 | 15,002 | 228,370 | 0.087 |
| Unite* | Richard Smith (ceo) | 23 Feb 18 | 3,268 | 765 | 25,000 | 236,997 | 0.090 |
| Unite* | Elizabeth McMeikan | 23 Feb 18 | 1,307 | 765 | 9,999 | 6,307 | 0.002 |
| Unite* | Ross Paterson | 23 Feb 18 | 1,307 | 765 | 9,999 | 7,163 | 0.003 |
| Wilmington | Pedro Ros (ceo) | 23 Feb 18 | 6,461 | 243.93 | 15,760 | 120,556 | 0.138 |
| Young & Co's Brewery | Nick Miller | 28 Feb 18 | 18,000 | 1,375 | 247,500 | 25,000 | 0.084 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Avon Rubber | David Evans (ch) | 23 Feb 18 | 10,000 | 1117.5 | 111,750 | 30,000 | 0.097 |
| Independent Investment Trust | Douglas McDougall (ch) | 27 Feb 18 | 50,000 | 740 | 370,000 | 8,501,250 | 15.326 |
| Independent Investment Trust | Douglas McDougall (ch) | 28 Feb 18 | 50,000 | 730 | 365,000 | 8,451,250 | 15.236 |
| Independent Investment Trust♥ | Maxwell Ward | 23 Feb 18 | 6,000 | 706.2 | 42,372 | 4,150,200 | 7.482 |
| MJ Gleeson♥ | Christopher Mills | 28 Feb 18 | 740,360 | 800 | 5,922,880 | 6,109,640 | 11.192 |
| MaxCyte | J Thompson (ch) | 28 Feb 18 | 24,000 | 246 | 59,040 | 110,918 | 0.218 |
| Sanderson | Christopher Winn (ch) | 27 Feb 18 | 100,000 | 85.5 | 85,500 | 11,686,924 | 19.597 |
| Wizz Air♥ | Jozsef Varadi (ceo) | 28 Feb 18 | 150,000 | 3,632 | 5,448,000 | 1,946,000 | 2.677 |
| Young & Co's Brewery♥ | Stephen Goodyear (ch) | 28 Feb 18 | 9,000 | 1,375 | 123,750 | 224,001 | 0.754 |
| Young & Co's Brewery | Stephen Goodyear (ch) | 28 Feb 18 | 9,000 | 1,375 | 123,750 | 233,001 | 0.784 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
