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Director Dealings: JTC, Chariot Transitional Gas, Dunelm Group

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In our weekly series, James Norris looks at directors buying and selling shares in their own companies over the last week.

  • Chief Executive and CEO buy shares in JTC
  • Chariot Transitional Gas board members buy shares on fundraising
  • Non exec buys 138k shares in Dunelm Group
  • Venture Life Group Chairman increases holding to 287k shares
  • Chairman buys 40k Redcentric shares

JTC (LON: JTC), a global professional services business specialising in fund, corporate and private client services, yesterday announced that chief executive Nigel Le Quesne had bought 30,062 shares at 662p, paying £198,998.57. Chief financial officer Martin Fotheringham bought 11,651 shares at 641p for £74,625. JTC has also announced that it will be increasing its dividend on the 8th of July on the strength of FY21 results, which feature net organic revenue growth of +9.6% YoY and adjusted EPS +17%, seven acquisitions, which have added exposure to the US market, and two fundraises that added £145m of gross proceeds. At close of trading yesterday, the JTC stock was priced at 669p, a return of -30.24% YTD and -1.08% over 12 months.

Chariot Transitional Gas (LON: CHAR), the Africa-focused transitional energy company, has announced the issuance of new ordinary shares following the fundraising announced yesterday.  Chief executive Adonis Pouroulis has acquired 2.2 million shares at 18p each, worth £400,000; chairman George Canjar has bought 177,777 shares at the same price, for £32,000; chief financial officer Julian Maurice-Williams has taken 27,777 shares, worth just under £5,000; technical director Duncan Wallace bought 55,555 shares for £10,000 and non-executive director Chris Zeal bought 111,111 for £20,000. At close of trading yesterday, the Chariot stock was priced at 19.5p, a return of 167.9% YTD and 223.5% over 12 months.

Dunelm Group (LON: DNLM), the UK home furnishings retailer, has announced that non-executive director Arja Taaveniku yesterday bought 6,000 shares at 807p each, paying £48,438. On Friday last week, the company announced the acquisition of the latest batch of shares as part of a share buy-back programme. So far this month, the company has bought back 240,725 shares, with a value of more than £2m. The purchased shares are held in treasury and may be used to satisfy employee share-based award obligations. At close of trading yesterday, the Dunelm stock was priced at 799p, a return of -42.6% YTD and -44.9% over 12 months.

Venture Life Group (LON: VLG) non-executive chairman Paul McGreevy on 10 June bought 138,571 shares at 35p each, for £48,500. The acquisition follows another McGreevy made on 30 May for 148,868 ordinary shares at 33.59p per share. The AIM-traded OTC consumer care products company said now McGreevy has a beneficial interest in 287,439 of its shares, representing 0.23% of its issued share capital. At close of trading yesterday, the Venture Life stock was priced at 38.2p, a return of 33.5% YTD and -60.8% over 12 months.

Redcentric (LON: RCN), the managed IT service provider, announced on 9 June that non-executive chairman Nick Bate bought 40,000 shares in the company on Tuesday for 123.75p each, spending a total of £49,500. The transaction gives him a total interest in the company of 40,000 shares, representing 0.026% of its total voting rights. Bate bought the shares on the same day that the company announced the conditional acquisition of three Sungard data centres, as well as colocation and network services from Sungard UK, for an initial price of £22m. At close of trading yesterday, the Redcentric shares were worth 124.7p, a return of 3.69% YTD and -12.5% over 12 months.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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