Legal firm Keystone Law (KEYS) has yet to reach its one-year anniversary as a listed entity, but directors are saying demand for shares is already outstripping supply. At least, that was the reasoning given for two high-profile – not to mention high-value – stock sales from chief executive James Knight and the Root Capital Fund II Limited Partnership. Simon Philips, a non-executive director at Keystone, is the managing partner of Root Capital. Mr Knight netted himself £2.5m, while Root Capital earned £5m from the sale of 1.8m shares.
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Is it little wonder that people are clamouring for the shares? For the year ended January 2018, sales rose by a quarter, while profits rose by 61 per cent to £1.9m.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Better Capital | Jonathan Moulton | 30 Apr 18 | 525,000 | 64.1 | 336,525 | 10,989,995 | 31.166 |
| Capita | Jonathan Lewis (ceo) | 26 Apr 18 | 21,500 | 183.75 | 39,506 | 160,369 | 0.024 |
| Clarkson | Peter Backhouse | 27 Apr 18 | 4,000 | 2,459.90 | 98,396 | 10,000 | 0.033 |
| Corero Network Security* | Jens Montanana (ch) | 27 Apr 18 | 16,382,609 | 5.75 | 942,000 | 154,382,609 | 40.101 |
| Corero Network Security* | Richard Last | 27 Apr 18 | 683,333 | 5.75 | 39,292 | 2,000,000 | 0.520 |
| Directa Plus♥ | Giulio Cesareo (ceo) | 02 May 18 | 29,400 | 51 | 14,994 | 3,205,791 | 7.251 |
| Drax | Will Gardiner (ceo) | 26 Apr 18 | 31,386 | 318.6 | 99,996 | 88,778 | 0.022 |
| Faroe Petroleum | Brent Cheshire | 27 Apr 18 | 15,000 | 130.5 | 19,575 | 15,000 | 0.004 |
| Feedback | Simon Sturge | 27 Apr 18 | 500,000 | 3.5 | 17,500 | 6,500,000 | 2.308 |
| Genel Energy♥ | Martin Gudgeon | 02 May 18 | 100,000 | 230 | 230,000 | 100,000 | 0.036 |
| Interserve | Debbie White (ceo) | 30 Apr 18 | 56,364 | 105.8972 | 59,688 | 121,772 | 0.084 |
| Interserve | Mark Whiteling (cfo) | 30 Apr 18 | 30,000 | 93.75 | 28,125 | 30,000 | 0.021 |
| Kenmare Resources | Steven McTiernan (ch) | 30 Apr 18 | 47,619 | 210 | 100,000 | 117,215 | 0.107 |
| Luceco | Matt Webb (cfo) | 01 May 18 | 65,894 | 75.5 | 49,750 | 65,894 | 0.041 |
| Odyssean Investment Trust | Peter Hewitt | 01 May 18 | 35,000 | 102.67 | 35,935 | 65,000 | 0.074 |
| Odyssean Investment Trust | Richard King | 26 Apr 18 | 30,000 | 100 | 30,000 | 30,000 | 0.034 |
| Odyssean Investment Trust | Arabella Cecil | 26 Apr 18 | 100,000 | 100 | 100,000 | 100,000 | 0.114 |
| Odyssean Investment Trust | Jane Tufnell (ch) | 26 Apr 18 | 500,000 | 100 | 500,000 | 500,000 | 0.572 |
| P2P Global Investments | Michael Cassidy | 30 Apr 18 | 6,000 | 795 | 47,700 | 21,000 | 0.027 |
| Petropavlovsk♥ | Bektas Mukazhanov | 27 Apr 18 | 226,380 | 6.9 | 15,620 | 1,152,406 | 0.035 |
| Pittards | Stephen Yapp (ch) | 01 May 18 | 23,880 | 83.75 | 20,000 | 84,111 | 0.606 |
| Polar Capital Technology Trust | Stephen White | 26 Apr 18 | 10,000 | 1,115.36 | 111,536 | 10,000 | 0.007 |
| Porta Communications | Emma Kane | 01 May 18 | 1,538,462 | 3.25 | 50,000 | 1,538,462 | 0.334 |
| River and Mercantile | Kevin Hayes (cfo) | 27 Apr 18 | 8,000 | 310 | 24,800 | 260,865 | 0.318 |
| River and Mercantile | Kevin Hayes (cfo) | 30 Apr 18 | 24,110 | 309 | 74,500 | 284,975 | 0.347 |
| Ruffer Investment Co | David Staples | 01 May 18 | 20,000 | 229.48 | 45,896 | 20,000 | 0.011 |
| SQN Asset Finance Income Fund♥ | Peter Niven (ch) | 30 Apr 18 | 20,000 | 92.06 | 18,412 | 79,858 | 0.022 |
| Senior | Susan Brennan | 26 Apr 18 | 5,900 | 295 | 17,405 | 5,900 | 0.001 |
| SimplyBiz | Matthew Timmins | 01 May 18 | 25,000 | 162 | 40,500 | 1,536,975 | 2.010 |
| SimplyBiz | Neil Stevens | 02 May 18 | 25,000 | 170 | 42,500 | 1,561,975 | 2.043 |
| Sportech | Richard McGuire (ch) | 26 Apr 18 | 250,000 | 57 | 142,500 | 520,000 | 0.278 |
| The Royal Bank of Scotland | Mike Rogers | 30 Apr 18 | 20,000 | 269.5 | 53,900 | 20,000 | 0.000 |
| Touchstar | Ian Martin (ch) | 27 Apr 18 | 32,000 | 62 | 19,840 | 700,250 | 8.262 |
| Urban Logistics REIT* | Richard Moffitt | 26 Apr 18 | 41,841 | 119.5 | 50,000 | 398,362 | 0.468 |
| Urban Logistics REIT* | Nigel Rich (ch) | 26 Apr 18 | 41,841 | 119.5 | 50,000 | 225,536 | 0.265 |
| Velocity Composites | Mark Mills (ch) | 01 May 18 | 90,000 | 55 | 49,500 | 2,124,024 | 5.934 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AB Dynamics | Anthony Best | 01 May 18 | 100,000 | 990 | 990,000 | 6,147,107 | 31.707 |
| AB Dynamics | Matt Hubbard | 27 Apr 18 | 5,000 | 1,000 | 50,000 | 109,649 | 0.566 |
| AB Dynamics♥ | Rob Hart (fd) | 27 Apr 18 | 1,180 | 1,001.40 | 11,817 | 13,012 | 0.067 |
| AB Dynamics | Rob Hart (fd) | 27 Apr 18 | 1,180 | 1,001.40 | 11,817 | 14,192 | 0.073 |
| Ashtead | Chris Cole (ch) | 26 Apr 18 | 40,000 | 2,040 | 816,000 | 70,082 | 0.014 |
| Avingtrans | Graham Thornton | 30 Apr 18 | 20,000 | 215.6 | 43,120 | 0 | 0.000 |
| Card Factory | Geoffrey Cooper (ch) | 26 Apr 18 | 100,000 | 234.15 | 234,150 | 218,828 | 0.064 |
| GlobalData | Mike Danson (ceo) | 27 Apr 18 | 1,433,877 | 585 | 8,388,180 | 81,028,349 | 68.602 |
| Independent Investment Trust (The) | D McDougall (ch) | 02 May 18 | 25,000 | 743 | 185,750 | 8,084,500 | 14.575 |
| John Laing | Olivier Brousse (ceo) | 26 Apr 18 | 20,000 | 281 | 56,200 | 312,557 | 0.064 |
| John Laing | Olivier Brousse (ceo) | 27 Apr 18 | 47,984 | 280.54 | 134,614 | 264,573 | 0.054 |
| John Laing | Olivier Brousse (ceo) | 27 Apr 18 | 63,568 | 280 | 177,990 | 218,163 | 0.045 |
| Keystone Law | James Knight (ceo) | 02 May 18 | 900,000 | 282 | 2,538,000 | 10,932,127 | 34.956 |
| Keystone Law♥ | Simon Philips | 02 May 18 | 1,800,000 | 282 | 5,076,000 | 5,275,000 | 16.867 |
| Satellite Solutions Worldwide | Andrew Walwyn (ceo) | 26 Apr 18 | 5,000,000 | 8.5 | 425,000 | 44,526,572 | 5.272 |
| Satellite Solutions Worldwide | Simon Clifton | 26 Apr 18 | 6,000,000 | 8.5 | 510,000 | 27,990,450 | 3.314 |
| St James's Place♥ | David Lamb | 27 Apr 18 | 15,000 | 1,126 | 168,900 | 431,318 | 0.082 |
| Ten Entertainment* | Alan Hand (ceo) | 26 Apr 18 | 217,037 | 240 | 520,889 | 651,109 | 1.002 |
| Ten Entertainment*♥ | Christopher Mills | 26 Apr 18 | 8,921,834 | 240 | 21,412,402 | 15,023,917 | 23.114 |
| Ten Entertainment* | Graham Blackwell | 26 Apr 18 | 130,798 | 240 | 313,915 | 392,395 | 0.604 |
| Ten Entertainment* | Nick Basing (ch) | 26 Apr 18 | 450,000 | 240 | 1,080,000 | 1,350,000 | 2.077 |
| *placing/tender/open offer ♥spouse/connected party | |||||||
