skip to Main Content
 

Director Dealings: UK Oil & Gas, Supreme and EnQuest

*

James Norris reviews directors buying and selling shares in their own company in his weekly column.

  • Cambridge Cognition CEO and CFO add to holdings after trading update
  • UK Oil & Gas chief exec increases his stake
  • CFO sells DWF Group shares to cover tax bill
  • Good performance see EnQuest CEO up his stake
  • Supreme chairman shows faith amidst variable outlook

Cambridge Cognition (LON:COG), a brain health assessment company, has announced that chief executive Matthew Stork bought 22,950 shares at 113p, for GBP 25,933, and chief financial officer Stephen Symonds also bought 22,950 shares for 113p. In a trading update the day before, COG had reported “considerable growth in revenues” to GBP 5.9m in the first half of 2022, which is up 31% on H1 2021, while like-for-like sales orders were up 44% to GBP 7.2m. At close of trading yesterday, the stock was priced at 128.5p, a return of 1.38% YTD and -26.51% over 12 months.

UK Oil & Gas (LON:UKOG) chief executive Steve Sanderson, bought 942,507 shares in the company at 10.6p each, paying GBP 10,599. Sanderson has been building his stake in the company, each month this year buying a tranche of about 800,000 shares. On 30 June, UKOG announced a discovery of an active light oil petroleum system in an unused seismic drill hole on the Resan licence in Turkey, in which it has a 50% interest. The company expects to be able to add near-term oil production in H1 2023, subject to necessary funding. At close of trading yesterday, the stock was priced at 11.0p, a return of 7.96% YTD and -35.03% over 12 months.

DWF Group (LON:DWF), a global provider of integrated legal and business services, has announced that chief finance director Chris Stefani sold 107,501 shares at 96.0p, for GBP 102,986. He sold the shares to cover tax liabilities, after being automatically vested a third tranche of IPO restricted shares. The transaction follows a year of strong growth for the company, which reported a “record set of results” for FY22, “in line with market expectations, and reflecting significant progress towards medium term targets”. At close of trading in London yesterday, the stock was priced at 93.2p, a return of -18.25% YTD and -12.08% over 12 months.

EnQuest (LON:ENQ), an oil and gas exploration and production company with assets in the UK’s North Sea and in Malaysia, has announced that chief executive Amjad Bseisu bought 720,625 shares at 25.0p for GBP 179,436, through Double A Ltd, a company owned by the Bseisu family. The transaction is part of a series of acquisitions, which in this month alone saw him buy almost 10 million ordinary shares in the company. In a statement yesterday, EnQuest said it remains on track to deliver against its FY 2022 targets, due in particular to a strong performance at its Kraken well. At close of trading yesterday, the stock was priced at 26.9p, a return of 42.2% YTD and 23.1% over 12 months.

Supreme (LON:SUP) non-executive chairman Paul McDonald bought a total of 50,000 shares over two days at between 95.75p and 103.0p, for a total of GBP 50,393. Supreme, a UK battery and lighting distributor, and a leading name in the e-cigarette and vaping market, is expecting “another solid, profitable year”, but warned both revenue and Ebitda will be “below financial 2022 levels, as well as previous market expectations”. At close of trading yesterday, the stock was priced at 98.5p, a return of -59.7% YTD and -52.8 % over 12 months.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

The Armchair Trader's 'How to' Guides

In-depth Reports

Detailed reviews of selected companies and investment trusts.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
IG
Pepperstone
WisdomTree
CME Group
Back To Top