North Sea oil and gas explorer and producer EnQuest is one of the best performers in the FTSE 250 index on the back of buying by non-executive director Alexandre Schneiter.
EnQuest was demerged from oil services provider Petrofac on 6 April. Petrofac stayed in the FTSE 100 index but EnQuest fell out. At the time of the demerger Lundin Petroleum injected its North Sea operations into the company and that is how Schneiter came on board.
Schneiter has acquired 117,417 shares at 99p each at a total cost of £1116,243.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
This is Schneiter's second purchase since the demerger. He bought an initial 136,212 shares at 109.35p each on the day of the demerger. He has invested a total of £265,000 in less than three weeks.
The share price has fallen back since EnQuest left the FTSE 100 index.
Top Director Buys
EnQuest (ENQ) Director name: Mr Alexandre SchneiterAmount purchased: 117,417 @ 99.00p Value: £116,243
Chrysalis VCT (CYS) Director name: Mr Peter HarknessAmount purchased: 50,000 @ 60.50p Value: £30,250
Microgen (MCGN) Director name: Mr Philip Wood ACAAmount purchased: 20,000 @ 84.00p Value: £16,800
Mavinwood (MVW) Director name: Mr Charles SkinnerAmount purchased: 3,200,000 @ 0.47p Value: £15,040
Mavinwood (MVW) Director name: Sir William WellsAmount purchased: 3,200,000 @ 0.47p Value: £15,040
Chrysalis VCT (CYS) Director name: Dr Martin KnightAmount purchased: 22,000 @ 62.00p Value: £13,640
Renishaw (RSW) Director name: Mr Geoff McFarlandAmount purchased: 2,000 @ 665.00p Value: £13,300
Top Director Sells
Tesco (TSCO) Director name: Mr David T PottsAmount sold: 784,752 @ 440.00p Value: £3,452,909
Tesco (TSCO) Director name: Mr Timothy J R MasonAmount sold: 157,520 @ 440.10p Value: £693,246
Hikma Pharmaceuticals (HIK) Director name: Mr Bassam KanaanAmount sold: 30,000 @ 642.69p Value: £192,807
Domino Printing (DNO) Director name: Mr Garry HavensAmount sold: 5,500 @ 406.00p Value: £22,330
-
Frozen thresholds could push ‘tax freedom day’ to latest date this centuryTax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
-
Family left with £20k IHT bill because of out-of-date tax adviceFrozen tax thresholds and dated guidance helped drag the estate into an inheritance tax liability despite extensive use of gifting to avoid a bill
