- Compass director buys £60,929 shares
- Elementis CEO sells £523,653 shares
- Baron Oil director buys amid falling share price
Arlene Isaacs-Lowe, non-executive director of food service giant Compass Group (CPG) has bought 2,800 shares at £21.76 for a total value of £60,929 on 30 May.
Isaacs-Lowe’s move comes after the company delivered strong first half growth in all regions driven by new contracts and price increases.
Compass has also increased the interim dividend by 15.6%.
A few analysts have upgraded the stock including Shore Capital and Citigroup in recent months which may have encouraged Isaacs-Lowe’s purchase.
ELEMENTIS CEO SELLS £523,653 SHARES
Paul Waterman, CEO of specialty chemicals company Elementis (ELM) has sold 350,000 shares at 149p for a total value of £523,653 on 29 May.
Waterman’s latest share sale could be seen as controversial by Elementis shareholders.
Over a month ago, Elementis shareholders expressed dissatisfaction with the specialty chemicals company by writing an open letter to the board calling for change.
Liad Meidar, managing partner at Gatemore Capital Management - Gatemore Special Opportunities Fund (GSOF) currently holds over four million shares in Elementis - referred to the gulf between the fundamental strength of Elementis and the company’s persistently weak share price.
Over the past six months, however, Elementis’ share price has rallied, gaining 28% to sit at the 152p mark.
Waterman has defied calls for his resignation by activist investors.
BARON OIL DIRECTOR BUYS £2,028,000 SHARES
Gerald Aherne, independent non-executive chairman of oil and gas exploration company Baron Oil (BOIL: AIM) has bought 30,000,000 shares at 0.07p for a total value of £2,028,000 on 28 May.
Aherne's total beneficial shareholding in the company now stands at 30,000,000 ordinary shares, which represents approximately 0.12% of the company's current voting rights.
The oil and gas company recently reported a pre-tax loss of £1.71 million for the year ending 31 December 2023 compared to £1.39 million in the same year ago period.
The shares are down 30% over the past year.
