Director dealings w/e 20 May: what company insiders are buying and selling
Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company directors for the week ending 20 May.
Company directors usually know more about the businesses they work for than regular investors, which is why it can be a good idea to keep an eye on director share deals.
An insider’s decision to buy or sell a security can be a sign that they believe the business is undervalued or overpriced, although these transactions should never be taken as gospel.
There are many reasons why directors might want to buy and sell shares. Some are completely unrelated to business performance. For example, a director might have to sell stock to meet a divorce settlement.
As it is illegal to trade on inside information, it is not likely a director will buy or sell a stock ahead of a major material announcement. However, a series of transactions by one or more directors can be a strong indication of insider sentiment.
As directors rarely reveal why they have been buying or selling, these transactions should only be used as a starting point for further research.
This list is not exhaustive. It excludes any deals with a value of less than £1,000, shares bought as part of a dividend reinvestment plan (DRIP), and option exercises.
Director buys for the week ending 20 May 2022
Date | Company | Director | Value | Shares | Total Held (%) |
16 May | Eurocell Plc | Mark Kelly | £74,254 | 38,674 | 0.21 |
16 May | Eurocell Plc | Michael Scott | £24,751 | 12,891 | 0.07 |
16 May | K3 Business Technology Group PLC | Oliver Scott | £3,011 | 2,007 | 25.25 |
16 May | Brand Architekts Group PLC | Roger McDowell | £34,000 | 50,000 | 7.77 |
16 May | Brand Architekts Group PLC | Roger McDowell | £26,000 | 40,000 | 7.48 |
16 May | Kromek Group PLC | Rakesh Sharma | £30,011 | 338,344 | 0.19 |
16 May | Gear4Music (Holdings) PLC | Andrew Wass | £92,500 | 50,000 | 22.68 |
16 May | Team PLC | Jonathan Clubb | £16,457 | 27,428 | 21.25 |
17 May | Bank Of Georgia Group PLC | Mel Carvill | £242,227 | 19,018 | 0.04 |
17 May | Victrex PLC | Martin Court | £153 | 9 | 0.03 |
17 May | Audioboom Group PLC | Michael Tobin | £19,522 | 1,176 | 4.23 |
18 May | Tpximpact Holdings PLC | Neal Gandhi | £89,797 | 45,238 | 9.79 |
18 May | Flowtech Fluidpower PLC | James Brooke | £18,000 | 15,000 | 0.15 |
18 May | Flowtech Fluidpower PLC | Ailsa Webb | £49,490 | 39,719 | 0.07 |
18 May | Christie Group PLC | David Rugg | £8,008 | 7,000 | 0.2 |
18 May | Christie Group PLC | David Rugg | £6,864 | 6,000 | 0.22 |
18 May | Christie Group PLC | David Rugg | £7,648 | 7,000 | 0.17 |
18 May | Okyo Pharma Corporation | Gabriele Cerrone | £96,871 | 1,625,000 | 36.24 |
18 May | Okyo Pharma Corporation | Gabriele Cerrone | £96,750 | 25,000 | 0 |
18 May | Audioboom Group PLC | Michael Tobin | £19,582 | 1,194 | 4.24 |
18 May | Mears Group PLC | Andrew Smith | £9,557 | 5,000 | 0.24 |
18 May | Mears Group PLC | Andrew Smith | £9,593 | 5,000 | 0.23 |
18 May | Mears Group PLC | Andrew Smith | £9,501 | 5,000 | 0.23 |
18 May | Mears Group PLC | Andrew Smith | £19,139 | 10,000 | 0.24 |
18 May | Volex PLC | Nathaniel Rothschild | £12,240 | 5,000 | 24.53 |
18 May | Bank Of Georgia Group PLC | Alasdair Breach | £306,954 | 22,788 | 3.44 |
18 May | Bank Of Georgia Group PLC | Alasdair Breach | £256,681 | 20,243 | 3.39 |
18 May | Rambler Metals & Mining PLC | Toby Bradbury | £11,700 | 50,000 | 0.48 |
18 May | Sureserve Group PLC | Nicholas Winks | £20,938 | 25,000 | 0.09 |
18 May | Hargreaves Services PLC | Christopher Jones | £50,796 | 9,000 | 0.25 |
18 May | Tpximpact Holdings PLC | Oliver Rigby | £150 | 79 | 4.7 |
19 May | Audioboom Group PLC | Michael Tobin | £59,022 | 3,901 | 4.26 |
19 May | Volex PLC | Nathaniel Rothschild | £77,970 | 30,000 | 24.55 |
19 May | Bank Of Georgia Group PLC | Alasdair Breach | £158,178 | 11,529 | 3.47 |
19 May | Premier Foods PLC | Alex Whitehouse | £10,996 | 9,663 | 0.05 |
19 May | Premier Foods PLC | Duncan Leggett | £19,849 | 17,442 | 0.01 |
19 May | Knights Group Holdings PLC | David Beech | £997,504 | 936,345 | 21.14 |
19 May | Angling Direct PLC | Andrew Torrance | £13,250 | 25,000 | 0.06 |
19 May | Darktrace PLC | Poppy Gustafsson | £99,254 | 29,496 | 0.37 |
19 May | Future PLC | Zillah Byng-Thorne | £99,123 | 5,182 | 0.27 |
19 May | Knights Group Holdings PLC | Kate Lewis | £39,899 | 38,643 | 0.12 |
19 May | Okyo Pharma Corporation | Gabriele Cerrone | £149,979 | 2,437,500 | 36.41 |
20 May | Benchmark Holdings PLC | Yngve Myhre | £4,214 | 9,469 | 0.16 |
20 May | Benchmark Holdings PLC | Yngve Myhre | £29,785 | 66,932 | 0.16 |
20 May | Ocean Wilsons (Holdings) LD | Fiona Beck | £38,800 | 4,000 | 0.03 |
20 May | Wood Group (John) PLC | Robin Watson | £6,568 | 2,783 | 0.07 |
20 May | Audioboom Group PLC | Michael Tobin | £19,725 | 1,351 | 4.27 |
20 May | Howden Joinery Group PLC | Paul Hayes | £1,805 | 286 | 0 |
20 May | Darktrace PLC | Gordon Hurst | £202,950 | 55,000 | 0.1 |
20 May | Ig Group Holdings PLC | Jonathan Moulds | £702,650 | 100,000 | 0.02 |
20 May | Oxford Biodynamics PLC | Matthew Wakefield | £4,350 | 25,000 | 0.7 |
20 May | Homeserve PLC | Ross Clemmow | £151 | 13 | 0 |
20 May | Shoe Zone PLC | Terry Boot | £37,875 | 25,000 | 0.07 |
*Acquired via a placing
Alasdair Breach, the Non-Executive Independent Director of Bank of Georgia, spent £2.6m to increase his stake in the lender in the week ended 13th May. He continued to buy last week, spending £158,178 to boost his holdings. The director now owns just under 3.5% of the group.
Roger McDowell, Non-Executive Chairman of Brand Architekts Group, has been taking advantage of the beauty brand’s recent issues to bulk up his stake in the business. The stock is off 62% over the past 12 months and McDowell has increased his holding to 7.8% of the enterprise.
Legal services group Knights Group Holdings has also seen its share price fall 60%+ over the past year. Chief Executive Officer David Beech spent nearly £1m to capitalise on this fall and increase his holdings of the company to 21.14% last week. Chief Financial Officer Kate Lewis was also buying.
Director sells for the week ending 20 May 2022
Date | Company | Director | Value | Shares | Total Held (%) |
16 May | Energean PLC | Efstathios Topouzoglou | £1,350,482 | 103,406 | 9.5 |
16 May | Goldplat PLC | Gerard Kisbey-Green | £19,500 | 250,000 | 1.25 |
16 May | Goldplat PLC | Gerard Kisbey-Green | £25,188 | 325,000 | 1.39 |
16 May | Cenkos Securities PLC | Julian Morse | £97,742 | 145,884 | 2.95 |
17 May | Team PLC | Jonathan Clubb | £150,791 | 251,318 | 16.85 |
17 May | Rotork PLC | Kiet Huynh | £31,961 | 11,820 | 0 |
17 May | Elixirr International PLC | Simon Retter | £99,999 | 13,793 | 0.77 |
17 May | Elixirr International PLC | Gavin Patterson | £250,002 | 34,483 | 1.34 |
17 May | Elixirr International PLC | Stephen Newton | £799,987 | 110,343 | 28.66 |
17 May | Elixirr International PLC | Graham Busby | £399,997 | 55,172 | 2.98 |
17 May | Rio Tinto PLC | Peter Cunningham | £40,919 | 762 | 0 |
18 May | Marshall Motor Holdings PLC | Richard Blumberger | £1,599,596 | 399,899 | 0 |
18 May | Clarkson PLC | Jeffrey Woyda | £39,404 | 1,211 | 0.34 |
18 May | Clarkson PLC | Andi Case | £156,281 | 4,803 | 1.82 |
18 May | Marshall Motor Holdings PLC | Daksh Gupta | £3,649,868 | 912,467 | 0 |
18 May | Hargreaves Services PLC | Christopher Jones | £50,760 | 9,000 | 0.22 |
19 May | Goldplat PLC | Gerard Kisbey-Green | £30,672 | 398,333 | 1.01 |
19 May | Premier Foods PLC | Alex Whitehouse | £10,808 | 9,514 | 0.05 |
19 May | Premier Foods PLC | Duncan Leggett | £20,052 | 17,651 | 0.01 |
20 May | Rockfire Resources PLC | David Price | £250,000 | 25,000,000 | 3.42 |
20 May | Premier Miton Group PLC | Michael O'Shea | £161,446 | 133,239 | 2.41 |
20 May | Goldplat PLC | Gerard Kisbey-Green | £27,720 | 360,000 | 0.79 |
Executive Chairman of Team PLC, and a major shareholder of the company, Jonathan Clubb dumped 251,318 shares in the financial services group last month, raising £150,791 in the process. Shares in the company are off around 17% in the past year.
Director selling at financial institutions seemed to be a major trend last week. Directors at Premier Miton and Cenkos Securities also reduced their holdings. This could be nothing more than a coincidence or it could be a sign these managers believe the outlook for smaller financial services groups is deteriorating.
Source: https://www.youinvest.co.uk/markets/directorsdeals
• SEE ALSO:
Britain's most-bought shares
Britain's ten most-hated shares
The ten highest dividend yields in the FTSE 100