Morgan Sindall’s (MGNS) chief executive John Morgan has sold 300,000 shares in the construction and regeneration group, worth around £4.1m. He retains a 9.42 per cent stake in the company. No comment was given regarding the reason for the transaction.
The sale came just days after a trading update raised the group’s 2019 outlook for the second time this year. With the construction and infrastructure division on course to improve margins and the office fit-out business benefiting from more stable market conditions, Morgan Sindall expects the full-year performance to be “slightly above” previous expectations.
The total secured workload as at 30 September was £7.3bn, up 10 per cent versus the 2018 year-end position, although slightly down from the half-year stage. The group’s balance sheet continues to stand out from its construction peers – full-year average daily net cash is expected to exceed £100m, ahead of the previously guided bottom limit of £90m.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
1pm | Ronald Russell | 08 Nov 19 | 68,916 | 28.945 | 19,948 | 10,909,081 | 12.454 |
1pm♥ | Ronald Russell | 08 Nov 19 | 68,886 | 28.945 | 19,939 | 10,977,967 | 12.300 |
1Spatial | Claire Milverton (ceo) | 08 Nov 19 | 46,357 | 32.349 | 14,996 | 446,498 | 0.403 |
Aberforth Smaller Companies Trust | Martin Warner | 07 Nov 19 | 5,000 | 1,319.67 | 65,983 | 7,000 | 0.008 |
AFC Energy | John Rennocks (ch) | 12 Nov 19 | 114,044 | 10.199 | 11,631 | 114,044 | 0.025 |
Ashmore | Clive Adamson | 11 Nov 19 | 1,066 | 490.202 | 5,226 | 2,000 | 0.000 |
Bank of Georgia | Archil Gachechiladze (ceo) | 07 Nov 19 | 1,500 | 1,385 | 20,775 | 1,500 | 0.003 |
Bank of Georgia | Archil Gachechiladze (ceo) | 08 Nov 19 | 2,000 | 1,476.74 | 29,535 | 5,000 | 0.011 |
Bank of Georgia | Archil Gachechiladze (ceo) | 08 Nov 19 | 1,500 | 1,485.75 | 22,286 | 3,000 | 0.006 |
Beazley | David Roberts (ch) | 13 Nov 19 | 9,450 | 531.8501 | 50,260 | 50,750 | 0.010 |
Bonhill | Simon Stilwell (ceo) | 13 Nov 19 | 74,500 | 39.77 | 29,627 | 720,500 | 1.483 |
Bovis Homes* | Gregory Fitzgerald (ceo) | 11 Nov 19 | 37,335 | 1,130 | 421,886 | 426,898 | 0.317 |
Bovis Homes*♥ | Gregory Fitzgerald (ceo) | 11 Nov 19 | 1,582 | 1,130 | 17,877 | 428,480 | 0.289 |
Centamin | Marna Cloete | 08 Nov 19 | 15,000 | 112.462 | 16,869 | 15,000 | 0.001 |
Centaur Media | Colin Jones (ch) | 07 Nov 19 | 20,000 | 33.7 | 6,740 | 100,000 | 0.069 |
Centaur Media | Colin Jones (ch) | 08 Nov 19 | 20,000 | 34.5 | 6,900 | 120,000 | 0.083 |
Domino's Pizza† | Usman Nabi | 12 Nov 19 | 2,826,446 | 275.98 | 7,732,589 | na | na |
Domino's Pizza† | Usman Nabi | 13 Nov 19 | 1,429,242 | 279.35 | 3,974,376 | na | >7.000 |
Empresaria | Tim Anderson (cfo) | 13 Nov 19 | 10,000 | 49.75 | 4,975 | 10,000 | 0.020 |
Empresaria | Tim Anderson (cfo) | 13 Nov 19 | 15,000 | 50.986 | 7,648 | 25,000 | 0.051 |
Energean Oil & Gas | Panos Benos (cfo) | 12 Nov 19 | 4,989 | 885.36 | 44,171 | 4,060,702 | 2.648 |
GCP Student Living | David Hunter | 12 Nov 19 | 10,585 | 178.4979 | 18,894 | 10,585 | 0.003 |
GCP Student Living♥ | David Hunter | 12 Nov 19 | 10,585 | 178.5 | 18,894 | 21,170 | 0.005 |
Hiscox | Hamayou Hussain (cfo) | 08 Nov 19 | 4,000 | 1,267.12 | 50,685 | 108,667 | 0.038 |
Hiscox | Caroline Foulger | 08 Nov 19 | 5,000 | 1,274.29 | 63,714 | 13,231 | 0.005 |
Hiscox♥ | Bronek Masojada (ceo) | 08 Nov 19 | 12,500 | 1,275.59 | 159,449 | 3,049,410 | 1.057 |
Hiscox | Robert Childs (ch) | 11 Nov 19 | 10,000 | 1,275.96 | 127,596 | 1,201,810 | 0.417 |
InnovaDerma | Ross Andrews | 07 Nov 19 | 44,860 | 47.5 | 21,309 | 74,860 | 0.516 |
InnovaDerma | Joseph Bayer (ch) | 13 Nov 19 | 4,660 | 56.6 | 2,638 | 147,839 | 1.020 |
InnovaDerma | Kieran Callan (ceo) | 08 Nov 19 | 3,500 | 65 | 2,275 | 19,300 | 0.133 |
InnovaDerma | Joseph Bayer (ch) | 08 Nov 19 | 21,666 | 65.25 | 14,137 | 143,179 | 0.988 |
McCarthy & Stone | Gill Barr | 13 Nov 19 | 7,366 | 134.996 | 9,944 | 7,366 | 0.001 |
Minds + Machines♥ | Henry Turcan | 12 Nov 19 | 1,750,000 | 6 | 105,000 | 122,706,652 | 13.352 |
Morgan Advanced Materials | Clement Woon | 11 Nov 19 | 45,281 | 269 | 121,806 | 45,281 | 0.016 |
Morgan Advanced Materials | Helen Bunch | 11 Nov 19 | 1,103 | 269.1385 | 2,969 | 2,028 | 0.001 |
Morgan Advanced Materials | Douglas Caster (ch) | 11 Nov 19 | 92,454 | 273.9 | 253,232 | 110,454 | 0.039 |
Newmark Security | Graham Feltham | 13 Nov 19 | 800,000 | 1.25 | 10,000 | 800,000 | 0.171 |
Rank Group (The) | John O'Reilly (ceo) | 12 Nov 19 | 92,500 | 215.5973 | 199,428 | 252,500 | 0.065 |
Rank Group (The) | Bill Floydd (cfo) | 11 Nov 19 | 25,000 | 215.75 | 53,938 | 25,000 | 0.006 |
Speedy Hire | David Shearer (ch) | 13 Nov 19 | 100,000 | 55.376 | 55,376 | 450,000 | 0.086 |
TalkTalk | Charles Dunstone (ch) | 15 Nov 19 | 1,000,000 | 105.42 | 1,054,200 | c. 340,000,000 | 29.660 |
Tatton Asset Management | Christopher Poil | 11 Nov 19 | 45,000 | 220.44 | 99,198 | 173,205 | 0.310 |
Tatton Asset Management | Lothar Mentel | 11 Nov 19 | 25,797 | 220.44 | 56,867 | 991,785 | 1.774 |
Tatton Asset Management | Paul Edwards (cfo) | 11 Nov 19 | 45,364 | 220.44 | 100,000 | 94,864 | 0.170 |
Tatton Asset Management | Paul Hogarth (ceo) | 11 Nov 19 | 90,726 | 220.44 | 199,996 | 10,575,358 | 18.916 |
Verona Pharma | David Ebsworth (ch) | 11 Nov 19 | 25,000 | 42 | 10,500 | 320,387 | 0.304 |
Verona Pharma | David Ebsworth (ch) | 12 Nov 19 | 25,000 | 43 | 10,750 | 345,387 | 0.328 |
Verona Pharma | David Ebsworth (ch) | 13 Nov 19 | 25,000 | 45 | 11,250 | 370,387 | 0.350 |
Xpediator | Charles McGurin | 13 Nov 19 | 19,047 | 31.5 | 6,000 | 62,762 | 0.046 |
Xpediator | Charles McGurin | 13 Nov 19 | 43,715 | 32 | 13,989 | 43,715 | 0.032 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
GAN | Dermot Smurfit (ceo) | 08 Nov 19 | 250,000 | 148.52 | 371,300 | 8,113,447 | 9.522 |
Hotel Chocolat | Sophie Tomkins | 07 Nov 19 | 5,000 | 445 | 22,250 | 8,514 | 0.007 |
Morgan Sindall | John Morgan (ceo) | 08 Nov 19 | 300,000 | 1,364 | 4,092,000 | 4,284,519 | 9.419 |
Schroders | Michael Dobson (ch) | 07 Nov 19 | 41,641 | 3,256.66 | 1,356,106 | 164,965 | 0.058 |
Softcat | Martin Hellawell (ch) | 11 Nov 19 | 1,000,000 | 1,046 | 10,460,000 | 5,235,889 | 2.641 |
Softcat | Martin Hellawell (ch) | 11 Nov 19 | 170,000 | 1,096 | 1,863,200 | 6,235,889 | 3.145 |
Ten Entertainment | Nicholas Basing (ch) | 13 Nov 19 | 25,000 | 261 | 65,250 | 1,225,000 | 1.885 |
Ten Entertainment | Nicholas Basing (ch) | 11 Nov 19 | 100,000 | 267 | 267,000 | 1,250,000 | 1.923 |
*Placing/tender/open offer/right issue ♥Spouse/connected party | |||||||
†Shares bought by Browning West LP, a Los-Angeles-based investment partnership of which Usman Nabi is founder, managing partner and chief investment officer. Purchase price shown is the average across multiple transactions. |