We take a look at directors buying and selling shares in their own company in our weekly column.
- Segro Chair buys 115k shares
- Iofina Chairman buys 50,000 shares
- Treatt CEO discloses purchase of 3,460 shares
- Andrada Mining non-exec buys 563k shares
- Glantus CFO buys 125k shares
Segro LON:SGRO Chair Andy Harrison purchased on 20th February 115,379 shares at a price of 861p for a total consideration of £993,539. The property investment and development business posted year end results last week with pre-tax profits up 8.4% despite seeing its portfolio valuation fall in the second half of the year as “investment yields rose and values weakened across the sector in response to macroeconomic conditions.” However, the impact on its portfolio was mitigated by the “strong rental growth we delivered across all of our markets”.
Shares were trading at 842.2p today, up 7% this year and -31 over the last 12 months.
Iofina LON:IOF Non-Executive Chairman, Lance Baller, has purchased 50,000 shares at a price of 31 pence per share for a total cost of £15,500. Iofina, specialists in the exploration and production of iodine and manufacturers of specialty chemical products earlier this month released a trading update, noting that full year EBITDA is expected to be “materially ahead of the previous market forecast and no less than $10.5 million”. The AIM listed business announced in January that it would exceed production targets for 2H22 and was confident of bringing its new extraction plant online in 2Q23.
Shares were trading today at 30.75p, up 46% this year and 108% over the last 12 months.
Treatt LON:TET Chief Executive Officer Daemmon Reeve has disclosed a purchase by Gemma Reeve of 3,460 shares at a price of 574.8p for a total consideration of £19,888. The manufacturer and supplier of natural extracts and ingredients for the beverage, flavour and fragrance industries posted a trading update last month inidicating that the transition of production to a new UK facility will be completed by August and will offer at least double the production capacity when it comes online.
Shares were trading at 562p at the time of writing, down 8% on the year to date and -40% over the last 12 months.
- Small Cap Stocks: Mercantile Ports, Oncimmune, Ethernity Networks
- Three Quick Facts: SEGRO, Hargreaves Lansdown, Microsoft
- Three Quick Facts: Rockhopper, Andrada, Braveheart
Andrada Mining LON:ATM non-executive director, Michael Rawlinson, purchased 563,239 shares at a price of 4.97 pence on 17 February 2023 for a total cost of £27,993. The African technology metals mining company recently updated its lithium, tin, rubidium, and tantalum Mineral Resource Estimate (MRE), at its flagship Uis Mine in Namibia following its 7,000 metre drilling programme last year.
Shares were trading today at 4.97p, down 8% for the year to date and -30% over the last 12 months.
Glantus LON:GLAN Interim CFO and Executive Director, Diane Gray Smith has purchased on 20th February 125,000 shares at a price of 9p per share for a total consideration of £11,250. Glantus, a provider of Accounts Payable automation and analytics solutions recently published a trading update for the full year noting challenging conditions from its global restructuring which has impacted productivity, and a re-evaluation of expected revenue from two client contracts. The business highlights the restructuring to drive margins and scale and believes it is “poised to deliver strong margins and positive cash flow from operations in 2023”
At the time of writing, shares were trading at 8.3p, Down 10% for the year to date and -90% over the last 12 months.
Here’s why Director Dealings can play an important role in stock-picking
