It was with relief that investors in Nostrum Oil & Gas (NOG) greeted last month’s favourable deal to purchase and process third-party production. Prior to that tie-up, shares in the Kazakh driller had been drifting lower on rising costs, unfulfilled promises and lofty debts.
Now, with the oil price pushing above $80 (£61), long-time backer Baring Vostok has increased its stake by $5m, taking its holding to 16.2 per cent. Of interest to those who follow board-level purchases and sales for signs of near-term prospects is the transaction’s connection to non-executive director Michael Calvey.
That’s because Mr Calvey, who joined Nostrum’s board last year, is the founder and senior partner of Baring Vostok – a Russia-focused private equity fund with more than $3bn in assets under management.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
3i Infrastructure♥ | Robert Jennings | 19 Sep 18 | 11,000 | 245.7941 | 27,037 | 60,000 | 0.007 |
Abcam | Peter Allen | 13 Sep 18 | 12,000 | 1,304 | 156,480 | 12,000 | 0.006 |
Abcam | Louise Patten | 13 Sep 18 | 8,038 | 1,306.30 | 105,000 | 48,561 | 0.024 |
Avon Rubber | Nick Keveth (fd) | 17 Sep 18 | 2,202 | 1,388.41 | 30,573 | 8,370 | 0.027 |
Bidstack* | Francesco Petruzzelli | 19 Sep 18 | 7,250,000 | 6 | 435,000 | 7,250,000 | 3.426 |
Bidstack* | James Draper | 19 Sep 18 | 41,260,562 | 6 | 2,475,634 | 41,260,562 | 19.497 |
Bidstack | John Taylor | 19 Sep 18 | 500,000 | 6 | 30,000 | 560,000 | 0.265 |
Bidstack* | Lindsay Mair | 19 Sep 18 | 291,666 | 6 | 17,500 | 541,666 | 0.256 |
Bidstack | Lindsay Mair | 19 Sep 18 | 500,000 | 6 | 30,000 | 1,041,666 | 0.492 |
Bidstack*♥ | Donald Stewart (ch) | 19 Sep 18 | 333,333 | 6 | 20,000 | 489,733 | 0.231 |
Bidstack♥ | Donald Stewart (ch) | 19 Sep 18 | 500,000 | 6 | 30,000 | 989,733 | 0.468 |
Biffa | Richard Pike | 17 Sep 18 | 70,000 | 251 | 175,700 | 175,000 | 0.070 |
Biffa | Richard Pike | 14 Sep 18 | 105,000 | 254 | 266,700 | 105,000 | 0.042 |
F&C Commercial Property Trust | Paul Marcuse | 14 Sep 18 | 29,753 | 144.2 | 42,904 | 29,753 | 0.004 |
Frontier Developments♥ | James Mitchell | 18 Sep 18 | 15,610 | 1,126.50 | 175,847 | 15,610 | 0.040 |
Frontier Developments♥ | James Mitchell | 19 Sep 18 | 4,382 | 1,140.80 | 49,990 | 19,992 | 0.052 |
Henderson European Focus Trust | Vicky Hastings | 13 Sep 18 | 5,000 | 1245 | 62,250 | 5,000 | 0.023 |
Herald Investment Trust | Ian Russell | 19 Sep 18 | 7,500 | 1,343.75 | 100,781 | 7,500 | 0.011 |
LondonMetric Property♥ | Rosalyn Wilton | 17 Sep 18 | 50,000 | 182.5 | 91,250 | 100,000 | 0.014 |
Lowland Investment Co | Robert Robertson (ch) | 13 Sep 18 | 5,000 | 1510 | 75,500 | 49,225 | 0.182 |
Metro Bank | Lord Howard Flight | 14 Sep 18 | 1,800 | 2,784 | 50,112 | 27,316 | 0.028 |
Metro Bank | David Arden | 18 Sep 18 | 3,400 | 2,894 | 98,396 | 3,400 | 0.003 |
Nostrum Oil & Gas♥ | Michael Calvey | 14 Sep 18 | 1,067,210 | 247 | 2,636,009 | 1,538,000 | 0.825 |
Nostrum Oil & Gas♥ | Michael Calvey | 13 Sep 18 | 470,790 | 249 | 1,172,267 | 470,790 | 0.253 |
Petrofac | David Davies | 18 Sep 18 | 15,651 | 638.8539 | 99,987 | 16,066 | 0.005 |
Solo Oil* | Daniel Maling | 13 Sep 18 | 790,000 | 2.25 | 17,775 | 7,900,847 | 1.251 |
Solo Oil* | Alastair Ferguson (ch) | 13 Sep 18 | 634,921 | 2.25 | 14,286 | 13,968,255 | 2.211 |
Solo Oil* | Alastair Ferguson (ch) | 13 Sep 18 | 3,809,523 | 2.25 | 85,714 | 17,777,778 | 2.814 |
Solo Oil* | Donald Strang | 13 Sep 18 | 2,000,000 | 2.25 | 45,000 | 3,891,111 | 0.616 |
Solo Oil* | Jonathan Fitzpatrick | 13 Sep 18 | 1,875,975 | 2.25 | 42,209 | 26,280,820 | 4.160 |
Solo Oil* | Jonathan Fitzpatrick | 13 Sep 18 | 2,666,667 | 2.25 | 60,000 | 28,947,487 | 4.582 |
Tarsus | Daniel O'Brien (fd) | 14 Sep 18 | 19,907 | 270 | 53,749 | 312,752 | 0.255 |
Tarsus | David Gilbertson | 14 Sep 18 | 18,518 | 270 | 49,999 | 44,518 | 0.036 |
Tarsus | James Emslie | 14 Sep 18 | 38,426 | 270 | 103,750 | 1,549,630 | 1.266 |
Tarsus | Keith Mansfield | 14 Sep 18 | 77,778 | 270 | 210,001 | 91,028 | 0.074 |
Tarsus | Neville Buch (ch) | 14 Sep 18 | 37,037 | 270 | 100,000 | 9,082,955 | 7.418 |
Tarsus | Robert Ware | 14 Sep 18 | 25,000 | 270 | 67,500 | 300,000 | 0.245 |
TP ICap | Nicolas Breteau | 18 Sep 18 | 15,000 | 285.6889 | 42,853 | 15,000 | 0.003 |
Trufin | James van den Bergh | 13 Sep 18 | 75,000 | 222 | 166,500 | 150,000 | 0.154 |
UDG Healthcare | Peter Gray (ch) | 19 Sep 18 | 14,000 | 631 | 88,340 | 114,000 | 0.046 |
UIL | Christopher Samuel | 18 Sep 18 | 20,000 | 182 | 36,400 | 60,000 | 0.067 |
UIL | Peter Burrows (ch) | 18 Sep 18 | 100,000 | 182 | 182,000 | 639,617 | 0.715 |
Vodafone | Michel Demaré | 18 Sep 18 | 50,000 | 167.8011 | 83,901 | 100,000 | 0.000 |
Walker Crips | Lim Hua Min | 14 Sep 18 | 34,184 | 36 | 12,306 | 10,208,347 | 24.209 |
Walker Crips | Lim Hua Min | 19 Sep 18 | 295,475 | 37.5 | 110,803 | 10,503,822 | 24.910 |
*Placing/tender/open offer ♥Spouse/connected party |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Ashmore | Thomas Shippey (fd) | 17 Sep 18 | 82,747 | 356 | 294,579 | 169,180 | 0.024 |
CLS | Henry Klotz (ch) | 19 Sep 18 | 50,630 | 220.0333 | 111,403 | 400,000 | 0.098 |
Everyman Media | Adam Kaye | 17 Sep 18 | 250,000 | 223 | 557,500 | 5,134,682 | 7.233 |
Everyman Media♥ | Paul Wise | 17 Sep 18 | 250,000 | 223 | 557,500 | 2,285,992 | 3.220 |
Hastings | Gary Hoffman | 19 Sep 18 | 545,187 | 269 | 1,466,553 | 7,731,437 | 1.176 |
Hastings | Toby van der Meer (ceo) | 18 Sep 18 | 129,536 | 269 | 348,452 | 0 | 0.000 |
Hilton Food | Robert Watson (ceo) | 13 Sep 18 | 75,000 | 990 | 742,500 | 2,930,015 | 3.592 |
HSBC | Iain Mackay (fd) | 14 Sep 18 | 24,021 | 657 | 157,818 | 1,286,509 | 0.006 |
Hunting♥ | Richard Hunting | 14 Sep 18 | 70,000 | 787.82 | 551,474 | 11,470,070 | 6.948 |
Intermediate Capital | Philip Keller (fd) | 17 Sep 18 | 102,972 | 1054 | 1,085,325 | 641,438 | 0.221 |
UNITE | Joe Lister (cfo) | 13 Sep 18 | 35,000 | 911.5 | 319,025 | 440,848 | 0.167 |
UNITE | Richard Smith (ceo) | 13 Sep 18 | 35,000 | 911.5 | 319,025 | 217,452 | 0.083 |
*Placing/tender/open offer ♥Spouse/connected party |