Outgoing Persimmon (PSN) chief executive Dave Jenkinson has sold shares worth £1.3m in the group, leaving him with a 0.2 per cent stake in the housebuilder. Mr Jenkinson announced that he would step-down as chief executive in February, after just over a year in the role, and is set to be replaced by National Express (NEX) boss Dean Finch.
Those that have held the shares since the start of Mr Jenkinson’s appointment have not done too badly, with the shares up almost 8 per cent since the end of February last year and outperforming rival FTSE 100 housebuilder Taylor Wimpey (TW.) during that period. Persimmon’s shares have regained almost two-thirds of the value lost when the UK entered lockdown and the housing market was effectively frozen.
However, the group has reported a sharp rebound in activity since activity restarted in mid-May. Average weekly net private sales reservations in the six weeks since mid-May were 30 per cent higher than the same time last year and it reported a 2 per cent rise in the average price of the 5,150 private homes that it had forward sold at the end of June, compared with the same time last year. Sales prices have also held firm, management said.
| Buys | ||||||
| Company | Director/PDMR | Date | No. of shares | Price (p) | Aggregate value (£) | Comments |
| AO World | John Roberts (ceo) | 14 Jul 20 | 154,495 | 143.97 | 222,426 | Residual interest of 22.58% |
| Babcock International | David Lockwood | 15 Jul 20 | 110,000 | 289.2 | 318,120 | CEO-designate |
| Babcock International | Ruth Cairnie (ch) | 15 Jul 20 | 10,000 | 286.2 | 28,620 | |
| Babcock International | Carl-Peter Forster | 15 Jul 20 | 10,000 | 288.2 | 28,820 | |
| Boohoo | Mahmud Kamani (ch) | 16 Jul 20 | 5,000,000 | 214.28 | 10,714,050 | Residual interest of 12.5% |
| Boohoo | Carol Kane | 16 Jul 20 | 2,000,000 | 214.28 | 4,285,620 | Residual interest of 2.6% |
| Boohoo | Iain McDonald | 16 Jul 20 | 50,000 | 226.5 | 113,250 | Acquired via a contract for difference |
| ULS Technology | Oliver Scott | 20 Jul 20 | 20,000 | 58.5 | 11,700 | Purchased by Kestrel Partners |
| MetalNRG | Pierpaolo Rocco | 20 Jul 20 | 2,733,000 | 0.47-0.5 | 13,046 | Residual interest of 2.27% |
| DCC | Caroline Dowling | 20 Jul 20 | 500 | 6,898 | 34,490 | |
| Midwich | Stephen Fenby | 21 Jul 20 | 25,000 | 377.36 | 94,340 | |
| Sumo Group | Andrea Dunstan | 21 Jul 20 | 33,333 | 180 | 59,999 | Residual interest of 0.033% |
| Sells | ||||||
| Company | Director/PDMR | Date | No. of shares | Price (p) | Aggregate value (£) | Comments |
| MJ Hudson | Charles Spicer | 15 Jul 20 | 87,720 | 47.2 | 41,404 | |
| Honye Financial Services | Wanbao Xu | 16 Jul 20 | 5,627,000 | 35 | 1,969,450 | |
| Jarvis Securities | Jolyon Head | 16 Jul 20 | 7,500 | 600 | 45,000 | |
| Jarvis Securities | Jolyon Head | 16 Jul 20 | 2,500 | 623 | 15,575 | |
| Persimmon | Dave Jenkinson (ceo) | 16 Jul 20 | 50,000 | 2,621.67 | 1,310,835 |
