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ABF chairman doubles his stake

The Primark-owner's chairman has spent north of £200,000 doubling his stake in the company
April 26, 2018

It was a game of two halves when Associated British Foods (ABF) announced its half-year results just a week ago. The Primark owner blamed the abolishment of sugar quotas by the EU last year for a sudden oversupply of the commodity, which hurt prices and thus, ABF’s sugar division. In fact, ABF’s sugar division reported a 12 per cent decline in sales at constant currency to £938m during the first half, while operating profit fell by a quarter to £90m. 

IC TIP: Hold at 2367p

Now it seems chairman Michael McLintock is doing his bit to buck up confidence among investors by spending over £200,000 on doubling his holding in the group. But, considering the 1.5 per cent decline in underlying sales at retail chain Primark during the first half, it might take more than this to soothe investors’ concerns.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AA Simon Breakwell (ceo)17 Apr 1817,00611719,897142,2490.023
AA Simon Breakwell (ceo)17 Apr 18125,243119149,039125,2430.020
AIB♥Carolan Lennon13 Apr 185,700516.529,4417,7000.000
Amerisur Resources Dana Coffield16 Apr 18233,00015.1135,206384,0000.032
Amerisur Resources Dana Coffield18 Apr 18216,00015.8234,171600,0000.049
Amerisur Resources♥John Wardle (ceo)17 Apr 18322,00015.549,91021,494,5051.772
Amerisur Resources Chris Jenkins16 Apr 18200,00015.0630,1201,250,0000.103
Associated British Foods Michael McLintock (ch)18 Apr 187,5002,687.88201,59115,0000.002
Athelney Trust S Moore13 Apr 188,00023518,80040,0001.854
C4X Discovery  Clive Dix (ceo)16 Apr 1820,000101.520,3001,344,9362.889
C4X Discovery  Clive Dix (ceo)17 Apr 1810,000108.510,8501,354,9362.910
C4X Discovery  Clive Dix (ceo)17 Apr 1860,00011367,8001,414,9363.039
ClearStar Barney Quinn (ch)18 Apr 1833,6604414,810278,2150.766
Computacenter Peter Ryan13 Apr 189001235.411,1199000.001
Ebiquity Michael Higgins (ch)12 Apr 1816,0006911,04080,5000.109
Ferguson John Martin (ceo)18 Apr 185,5235418299,236112,2290.045
Grafenia*Conrad Bona13 Apr 18250,0001230,000865,0001.819
Grafenia*Peter Gunning (ceo)13 Apr 18175,0001221,0001,625,0003.417
Midwich♥Andrew Herbert (ch)13 Apr 1810,00056056,00030,0000.038
NetScientific*Barry Wilson17 Apr 1830,9525.51,70267,3100.086
NetScientific*Stephen Smith17 Apr 1828,57152.515,00028,5710.036
NetScientific*Richard Sykes (ch)16 Apr 1830,95252.516,25093,4520.119
Old Mutual Alan Gillespie 16 Apr 18835,000233.91,953,065848,0000.017
Old Mutual Alan Gillespie 17 Apr 18835,000236.161,971,9361,683,0000.034
Personal Assets Trust Iain Ferguson 13 Apr 185039,271.3319,636580.003
Personal Assets Trust♥Iain Ferguson 13 Apr 185039,271.3319,6361080.005
Petropavlovsk♥Bektas Mukazhanov17 Apr 18926,0266.9664,451926,0260.028
Petropavlovsk Adrian Coates16 Apr 18142,2556.9959,951142,2550.004
Primorus Investments Jeremy Taylor-Firth (ch)16 Apr 1812,500,0000.158519,81312,500,0000.447
Raven Russia Anton Bilton18 Apr 181,250,00042.5531,25043,867,6766.641
Rotala Graham Peacock12 Apr 1850,0005427,0002,791,6665.813
Saga Lance Batchelor (ce)12 Apr 1815,629127.3219,899178,8540.016
Saga♥Lance Batchelor (ce)12 Apr 1815,711126.6619,900194,5650.017
Schroder UK Growth Fund Andrew Westenberger13 Apr 1811,37918220,71020,0000.013
Schroder UK Growth Fund Carolan Dobson (ch)13 Apr 1810,98918220,00026,9490.018
Solid State Tony Frere (ch)13 Apr 185,00028514,25013,0040.154
Solid State John Macmichael13 Apr 182,0002795,580122,2221.446
Solid State Matthews Richards13 Apr 182,4002826,7684,8000.057
Solid State Peter Haining13 Apr 181,7362854,94854,2370.642
Solid State Pete James (fd)13 Apr 186842851,9496840.008
Standard Life Private Equity Trust Calum Thomson18 Apr 183,700322.311,92513,7000.009
Tavistock Investments Brian Raven (ceo)13 Apr 18328,3333.0510,01463,855,71211.887
Time Out  Julio Bruno Castellanos (ceo)18 Apr 1821,50011624,94092,1240.069
Walker Crips♥Lim Hua Min17 Apr 1830,0003711,10010,099,16323.950
XLMedia Ory Weihs (ceo)17 Apr 1832,25815550,0004,215,1871.913
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Crest Nicholson  Stephen Stone (ch)18 Apr 18250,000482.8751,207,1883,520,0801.376
Ergomed Miroslav Reljanovic16 Apr 184,000,0001907,600,00011,132,23724.898
Huntsworth Neil Jones (cfo)16 Apr 18144,59096.87140,064255,4100.077
Ideagen Jonathan Wearing (ch)16 Apr 18150,000109163,5004,189,0662.067
Independent Investment Trust (The) D McDougall (ch)13 Apr 1835,000717.15251,0038,209,50014.800
Independent Investment Trust (The) D McDougall (ch)18 Apr 1850,000727.5363,7508,159,50014.710
Mid Wynd International Inv Trust Russell Napier12 Apr 184,100470.519,291175,2250.506
Mid Wynd International Inv Trust♥Russell Napier12 Apr 1815,300470.571,987159,9250.462
Ubisense♥Oliver Scott16 Apr 181,600,00045720,00019,045,49326.062
*Placing/tender/open offer ♥Spouse/connected party