Sirius directors pick up 6m shares
A round-up of the biggest director buys today so far.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Sirius Petroleum is at its highest in 3 years on news that directors have bought £300,000 of shares in the AIM-listed oil company.
Mike Hirschfield, former group finance executive of Lupus Capital, snapped up 3.1m shares at 5p each, costing him £155,000.
Fellow director Toby Hayward shelled out £145,000 for 2.9m shares at the same price.
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
Between them, the pair now own almost 8% of the business; Hirschfield with 2.85% and Hayward 5.05%.
The shares doubled to 5p at the end of August after London-based Capital Investment Office guaranteed Sirius at least $80m of debt funding by for its first marginal oil field project.
"We now have a substantial funding line which will enable us to execute our first asset deal in line with our strategy to create shareholder value through the acquisition of proven marginal oil assets in Nigeria," said chairman Babatunde Agboola.
Top Director Buys
Value: £481,846
Value: £156,000
Value: £155,000
Value: £145,000
Value: £39,000
Value: £26,000
Value: £10,400
Top Director Sells
Value: £6,820,000
Value: £3,825,000
Value: £3,150,251
Value: £2,996,510
Value: $1,797,780
Value: £1,686,217
Value: £1,013,336
Value: £819,022
Value: £719,641
Value: £545,509
-
How a ‘great view’ from your home can boost its value by 35%A house that comes with a picturesque backdrop could add tens of thousands of pounds to its asking price – but how does each region compare?
-
What is a care fees annuity and how much does it cost?How we will be cared for in our later years – and how much we are willing to pay for it – are conversations best had as early as possible. One option to cover the cost is a care fees annuity. We look at the pros and cons.
