The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company, taking more than £550,000 of shares.
He took 500,000 at 110.9p a time and now has a personal holding of 1m shares. However, including "his connected persons" El-Raghy has 71.2m shares in the company, which is 6.5% of the company.
Centamin operates the Sukari gold mine in Egypt's Eastern Desert.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price has risen since El-Raghy's last big purchase earlier this month, benefiting from the higher gold price as investors seek safe assets amid turmoil in the markets. On 5 and 6 September, he took 500,000 shares at between 104.2p and 106.4p.
Top Director Buys
IFG Group (IFP)
Director name: Mr Declan Kenny
Amount purchased: 479,167 @ 105.94p
Value: £507,630
Centamin Egypt Ltd. (CEY)
Director name: Mr Josef El-Raghy
Amount purchased: 500,000 @ 110.76p
Value: £553,800
Sable Mining Africa Ltd. (DI) (SBLM)
Director name: Mr Andrew Stuart Groves
Amount purchased: 500,000 @ 11.25p
Value: £56,250
Sable Mining Africa Ltd. (DI) (SBLM)
Director name: Mr Phil Edmonds
Amount purchased: 500,000 @ 11.25p
Value: £56,250
Firestone Diamonds (FDI)
Director name: Mr Philip Kenny
Amount purchased: 175,000 @ 17.25p
Value: £30,188
Diploma (DPLM)
Director name: Mr I Henderson
Amount purchased: 10,000 @ 290.00p
Value: £29,000
Firestone Diamonds (FDI)
Director name: Mr Tim Wilkes
Amount purchased: 150,000 @ 17.13p
Value: £25,695
Avesco Group (AVS)
Director name: Mr Richard A Murray-Obodynski
Amount purchased: 16,000 @ 121.50p
Value: £19,440
European Investment Trust (EUT)
Director name: Mr Michael Moule
Amount purchased: 2,500 @ 454.53p
Value: £11,363
Sinclair Is Pharma (SPH)
Director name: Mr Christophe Foucher
Amount purchased: 35,000 @ 26.27p
Value: £9,194
Top Director Sells
Amec (AMEC)
Director name: Mr Ian P McHoul
Amount sold: 83,295 @ 896.50p
Value: £746,740
Burberry Group (BRBY)
Director name: Mr David A Tyler
Amount sold: 20,000 @ 1,461.70p
Value: £292,340
Zohran Mamdani, "Trump's worst nightmare", wows New York
What's behind the big shift in Japanese government bonds?
