Back in March, online hybrid estate agent Purplebricks (PURP) announced that German digital publisher Axel Springer was making a strategic investment of £125m. Around £100m of this was spent on 27.7m new ordinary shares issued, while the balance, comprising 6.94m shares, was bought from shares held by the current directors.
IC TIP:
Buy
at
348p
Group chief executive Michael Bruce sold 4.44m, global sales director Kenny Bruce 2.27m, and non-executive director William Whitehorn 225,000, all at 360p a share. That’s a pretty good deal considering that at flotation in December 2015 the shares were just 100p. Following the sale, Michael and Kenny Bruce, together with existing directors of the company, still hold nearly 18 per cent of the issued share capital. The new funds will augment existing cash resources of £51m, and will be used to accelerate the roll-out into the US market – around £50m being invested – while the balance will be used to fund entry into new markets and to expand Purplebrick’s service offering.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Capita | Lucy Neville-Rolfe | 23 Apr 18 | 5,537 | 180.59 | 9,999 | 5,537 | 0.001 |
| Capita | Jonathan Lewis (ceo) | 23 Apr 18 | 138,500 | 179.15 | 248,123 | 138,869 | 0.021 |
| Capita | Gillian Sheldon | 23 Apr 18 | 2,000 | 179.15 | 3,583 | 5,000 | 0.001 |
| Capita | Ian Powell (ch) | 23 Apr 18 | 3,600 | 177.75 | 6,399 | 12,000 | 0.002 |
| Capita | Andrew Williams | 23 Apr 18 | 30,000 | 179.15 | 53,745 | 40,000 | 0.006 |
| City Pub Group (The) | Alex Derrick (md) | 20 Apr 18 | 6,104 | 170 | 10,377 | 431,786 | 0.739 |
| City Pub Group (The) | Clive Watson (ch) | 20 Apr 18 | 20,000 | 172 | 34,400 | 2,546,475 | 4.361 |
| Cronin | Laurence Ede | 23 Apr 18 | 357,142 | 2.8 | 10,000 | 801,586 | 0.146 |
| Dunedin Income Growth Inv Trust | Howard Williams | 19 Apr 18 | 10,000 | 248.998 | 24,900 | 10,000 | 0.007 |
| Energean Oil & Gas | Simon Heale (ch) | 20 Apr 18 | 20,000 | 467.5 | 93,500 | 41,978 | 0.027 |
| Energean Oil & Gas♥ | Simon Heale (ch) | 25 Apr 18 | 10,500 | 468.9 | 49,235 | 52,478 | 0.034 |
| GBGI♥ | David Gibson | 23 Apr 18 | 100,000 | 80 | 80,000 | 100,000 | 0.115 |
| GBGI♥ | David Gibson | 23 Apr 18 | 250,000 | 80 | 200,000 | 350,000 | 0.402 |
| GBGI♥ | David Gibson | 24 Apr 18 | 650,000 | 80 | 520,000 | 1,000,000 | 1.150 |
| GBGI♥ | David Gibson | 25 Apr 18 | 200,000 | 80 | 160,000 | 1,200,000 | 1.380 |
| Gresham House Strategic | David Potter (ch) | 23 Apr 18 | 2,406 | 831.29 | 20,001 | 17,125 | 0.469 |
| Hunting | Keith Lough | 23 Apr 18 | 2,000 | 785 | 15,700 | 2,000 | 0.001 |
| Intercede | Chuck Pol (ch) | 24 Apr 18 | 62,500 | 29 | 18,125 | 133,037 | 0.264 |
| Invesco Asia Trust | Fleur Meijs | 24 Apr 18 | 7,758 | 282 | 21,878 | 13,406 | 0.019 |
| Jupiter European Opportunities Trust | Norman Lamont | 19 Apr 18 | 1,980 | 742.3799 | 14,699 | 14,660 | 0.013 |
| Oakley Capital Investments | Peter Dubens | 25 Apr 18 | 5,446,885 | 164.82 | 8,977,556 | 7,585,052 | 3.704 |
| Old Mutual | Ingrid Johnson (fd) | 19 Apr 18 | 40,862 | 242.9 | 99,254 | 108,155 | 0.002 |
| Omega Diagnostics | Colin King (ceo) | 20 Apr 18 | 190,476 | 10.5 | 20,000 | 468,253 | 0.369 |
| Premier Global Infrastructure Trust | Gillian Nott | 20 Apr 18 | 15,000 | 128.5 | 19,275 | 15,000 | 0.083 |
| Primary Health Properties* | Stephen Kell | 19 Apr 18 | 13,888 | 108 | 14,999 | 13,888 | 0.002 |
| Primary Health Properties* | Geraldine Kennell | 19 Apr 18 | 231,481 | 108 | 249,999 | 257,951 | 0.035 |
| Primary Health Properties* | Ian Krieger | 19 Apr 18 | 81,481 | 108 | 87,999 | 81,481 | 0.011 |
| Primary Health Properties♥ | Alun Jones | 19 Apr 18 | 9,259 | 108 | 10,000 | 177,777 | 0.024 |
| Primary Health Properties* | Alun Jones | 19 Apr 18 | 18,518 | 108 | 19,999 | 168,518 | 0.023 |
| Redx Pharma | Iain Ross (ch) | 25 Apr 18 | 150,000 | 11 | 16,500 | 600,000 | 0.474 |
| Rentokil Initial | Crispin Davis | 20 Apr 18 | 52,500 | 285.04 | 149,646 | 52,500 | 0.003 |
| Riverstone Energy♥ | Kenneth Ryan | 23 Apr 18 | 428,596 | 1,212 | 5,194,584 | 5,925,705 | 7.014 |
| Riverstone Energy♥ | David Leuschen | 23 Apr 18 | 428,596 | 1,212 | 5,194,584 | 5,925,705 | 7.014 |
| Riverstone Energy♥ | Pierre Lapeyre Jr | 23 Apr 18 | 428,596 | 1,212 | 5,194,584 | 5,925,705 | 7.014 |
| Scancell* | John Chiplin (ch) | 20 Apr 18 | 900,000 | 12 | 108,000 | 2,000,000 | 0.534 |
| SimplyBiz | Neil Stevens | 19 Apr 18 | 25,000 | 161 | 40,250 | 1,536,975 | 2.010 |
| Spirax-Sarco Engineering | Kevin Boyd (fd) | 25 Apr 18 | 750 | 5,657 | 42,428 | 2,750 | 0.004 |
| Spirax-Sarco Engineering♥ | Kevin Boyd (fd) | 25 Apr 18 | 750 | 5,657 | 42,428 | 3,500 | 0.005 |
| Taptica International | Tim Weller (ch) | 23 Apr 18 | 7,298 | 273.7 | 19,975 | 94,630 | 0.140 |
| Tarsus♥ | Neville Buch (ch) | 19 Apr 18 | 24,000 | 306.35 | 73,524 | 9,045,918 | 7.990 |
| Tarsus | Robert Ware | 19 Apr 18 | 25,000 | 307.5 | 76,875 | 275,000 | 0.243 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Ashmore♥ | Tom Shippey (fd) | 19 Apr 18 | 97,877 | 419 | 410,105 | 106,940 | 0.015 |
| Ashmore♥ | Tom Shippey (fd) | 20 Apr 18 | 10,716 | 420.8 | 45,093 | 96,224 | 0.014 |
| Barr (A G) | Jonathan Kemp | 25 Apr 18 | 3,400 | 688 | 23,392 | 11,530 | 0.010 |
| Barr (A G)♥ | Jonathan Kemp | 25 Apr 18 | 4,000 | 688 | 27,520 | 7,530 | 0.006 |
| Begbies Traynor | Mark Fry | 24 Apr 18 | 16,444 | 67 | 11,017 | 127,446 | 0.116 |
| Derwent London♥ | Simon Silver | 20 Apr 18 | 8,250 | 3,092 | 255,090 | 171,024 | 0.153 |
| Everyman Media | Charles Dorfman | 19 Apr 18 | 162,514 | 230 | 373,782 | 5,342,527 | 7.621 |
| Everyman Media | Adam Kaye | 19 Apr 18 | 327,848 | 230 | 754,050 | 5,358,432 | 7.643 |
| Everyman Media | Paul Wise (ch) | 19 Apr 18 | 327,848 | 230 | 754,050 | 2,535,992 | 3.617 |
| Gamma Communications | Andrew Stone | 24 Apr 18 | 28,500 | 728 | 207,480 | 445,000 | 0.477 |
| Independent Investment Trust (The) | D McDougall (ch) | 19 Apr 18 | 25,000 | 735 | 183,750 | 8,134,500 | 14.665 |
| Independent Investment Trust (The) | D McDougall (ch) | 20 Apr 18 | 25,000 | 742 | 185,500 | 8,109,500 | 14.620 |
| Purplebricks | Michael Bruce (ceo) | 19 Apr 18 | 4,444,444 | 360 | 15,999,998 | 33,218,147 | 11.005 |
| Purplebricks | William Whitehorn | 19 Apr 18 | 225,000 | 360 | 810,000 | 613,269 | 0.203 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
