- Chairman of carmaker tops up holdings
- Eagle Eye stake changes hands
- Swiss asset manager backs Seeing Machines
WHO HAS BEEN BUYING AND SELLING?
It has been a busy month for the board at luxury carmaker Aston Martin Lagonda (ASL), with billionaire Canadian businessman and company chairman Lawrence Stroll and non-executive director Michael de Picciotto increasing their stakes.
Having already added to their holdings during the last financing round in September, Stroll and de Picciotto have acquired a further 2 million and 665,000 shares respectively this month at prices ranging from 90p up to 141p as the stock price rallied.
According to the latest regulatory announcement, these purchases take Mr Stroll’s stake to just over 26% of the company.
Meanwhile, William Currie, chairman of marketing technology firm Eagle Eye Solutions (EYE:AIM), disposed of 1.078 million shares for just under £6 million last week leaving him with 2.334 million shares or around 8.4% of the company.
Interestingly, the firm announced the same day that asset management group Liontrust (LIO) had amassed a stake of 5.14% having not been on the shareholder list previously.
WHO IS THE MOST ACTIVE INSIDER?
Investors in AIM-listed infrastructure technology firm Seeing Machines (SEE:AIM) may have noticed trading volumes soar this month with non-executive director Michael Brown carrying out no fewer than 11 separate deals in the last fortnight.
Mr Brown is a portfolio manager on the Volantis team at Lombard Odier Asset Management, part of the Swiss private bank.
According to Seeing Machines, Lombard Odier Asset Management, ‘acting in its capacity as discretionary investment manager for the account and on behalf of funds or accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp, acting as discretionary investment manager for the account and on behalf of funds or accounts managed by them’, has traded in and out of more than 300 million shares in the company as it reorganizes certain funds.
The asset manager currently owns 15.04% of Seeing Machines and says it remains ‘extremely supportive of the company and its prospects, particularly following the recent investment by Magna International and has no intention of, or requirement to, reducing its holding in Seeing Machines in the foreseeable future’.
