We take a look at directors buying and selling shares in their own company in our weekly column.
- Globaldata non-exec buys 2,500 shares
- Serica Energy non-exec buys 15,500 shares
- Inspired non-execs acquire shares following trading update
- FirstGroup non-exec buys 10,000 shares
- Close Brothers non-exec buys 10,000 shares
Globaldata LON:DATA Non Executive Director, Peter Harkness, has purchased on 27th January a combined total of 2,500 shares at an average price of 1,253.2p per share at a total cost of £31,330. Mike Danson, Group Chief Executive, sold on the previous day 2,788,833 shares at 1,150p for £32,071,579.50, retaining 71,135,516 shares in the company. The AIM listed industry intelligence provider released a full year trading update earlier this month announcing strong performance with revenue ahead of the top-end of the range of analysts’ forecasts. The business announced that revenue was expected to be ahead and adjusted EBITDA to be materially ahead of forecasts (as of 10th January) for the upcoming year.
At the time of writing, shares were tarding at 1,240p, up 5.5% on the year to date and -7.5% over the last 12 months.
Serica Energy LON:SQZ Non Executive Director David Latin has purchased on 30th January 15,500 shares at a price of 247.18p for a total consideration of £38,312 bringing his total shareholding to 30,000 shares. The AIM listed upstream oil and gas company with operations centred on the UK North Sea entered into an agreement to acquire Tailwind Energy Investments Ltd from Tailwind Energy Holdings LLP earlier this month in order to diversify and strengthen its portfolio whilst significantly increasing reserves and production.
Shares were trading at 246.12p at the time of writing, down 9.7% on the year to date and -4% over the last 12 months,
Inspired LON:INSE Non Executive Chair, Richard Logan has purchased 288,193 shares at a price of 10.375p on 30 January 2023 for a total consideration of £29,900. On the same date, Sangita Shah, Non-Executive Director, and her spouse, collectively purchased 287,769 shares at a price of 10.425p at a cost of £30,000. Dianne Walker, another Non-Executive Director, purchased 90,969 shares at a price of 10.32p per share for a total cost of £9,388. The AIM listed technology service provider supports businesses in their drive to net zero and yesterday announced its full year trading update highlighting a strong full year trading performance, an improved cash position and a sales pipeline at record levels.
At the time of writing, shares were trading at 9.63p, up 41% on the year to date and -48% on the last 12 months.
- Companies Reporting: Bellway, FirstGroup, Halma, Tesco
- Three Quick Facts: Wickes, Close Brothers, DFS
Firstgroup LON:FGP Non Executive Director, Claire Hawkings, has purchased on 30th January 10,000 shares at 107.87p per share for a total consideration of £10,787. The train operator which was the subject of a series of bids by Squared Capital Advisors announced in its half year report that expectations for their full year performance were broadly unchanged as the business navigates a challenging political, economic and industrial relations backdrop.
Shares were trading at 109.9p at the time of writing, up 6.9% on the year to date and 8.7% over the last 12 months.
Close Brothers LON:CBG Non Executive Director, Tracey Graham, has purchased on 30th January 1,000 shares at a price of 9,628.1p for a total consideration of £9,628. The FTSE 250 merchant banking group announced a trading update last week noting that there would be additional provisions to be recognised in H1 2023 to cover the remaining risk of credit losses for the loan book for Novitas, an acquisition dating back to 2017.
Shares were trading at 968.05p at the time of writing, down 11.8% on the year to date and -24.6% over the last 12 months.
Here’s why Director Dealings can play an important role in stock-picking
