Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UK - Director Deals - Big Yellow executive chairman and CEO sell shares  Join our daily free Newsletter

MENAFN - ProactiveInvestors - UK - 20/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - ProactiveInvestors - UK) The executive chairman of Big Yellow (LON:BYG) picked an opportune time to reduce his holding in the self storage group with shares just coming off an all-time high

Nicholas Vetch sold 50,000 at a fiver each, netting him a very handy 250,000. Whether this should be interpreted as a sell signal only time will tell

Vetch still has plenty of skin in the game with a 6.41% share of the business worth 45mln at today's prices. And while his CEO made 229,000 selling stock, his was a share option trade therefore not a particularly strong indicator

That said, it will be worth seeing whether Vetch and Gibson's share sales prompt some profit-taking on an investment that has gone up 32% in the past year

For a change the buyers outstripped the sellers (in number at least) this week, which must mean we are through the quarterly results season

The most notable boardroom acquisition was made by Andrew Austin, boss of IGas (LON:IGAS), one of the firms at the forefront of Britain's nascent shale revolution

He acquired 300,000 shares in the business he runs at 135.38p each. To do so he agreed a loan facility using 7.5mln shares he already owns as security

The purchase takes Austin's interest to 5.41% of the company and comes in the week the group was involved in farm-out of shale assets in Lincolnshire that brought in almost US50mln of new investment from France's Total

The French giant's move came as Prime Minister David Cameron said the coalition is "going all out for shale"

This week IGas has galloped ahead 38% on the back of Total's involvement, while Egdon (LON:EDR), the other UK listed shale play is up almost 170%

And finally Peter Jones bought almost 579,000-worth of shares in eXpansys (LON:XPS), the e-commerce, wireless and consumer technology group where he is deputy chairman and 50% shareholder.

Perhaps the Dragon sniffs a bargain with the stock down 37% in the last year


ProactiveInvestors - UK

  MENA News Headlines
 Oct 21 2016 - Loan demand in UAE to grow in Q4MENAFN
(MENAFN) The demand for lending by businesses is predicted to grow in the last quarter of this year after facing a decline from March to Sep end period.Moreover, 40 percent respondents see demand for ...

 Oct 21 2016 - Egypt's economy to grow by 3.5pctMENAFN
(MENAFN) Egypt's economy will grow to 3.5 percent in the 2016-2017 years, missing the government"s target of almost 5 percent.The country has been struggling to stimulate its economy amid severe ...

 Oct 21 2016 - Saudi's Kingdom Holding posts 38.3pct fall in profitMENAFN
(MENAFN) Saudi Arabia's Kingdom Holding recorded a 38.3 percent decline in third quarter net profit.Moreover, the firm's revenue reached USD48.0mn in the cited period, against 291.5mn riyals a year ...

 Oct 21 2016 - Pause in strikes on Aleppo holds into second day AFPGulf Times
(MENAFN - Gulf Times) A pause in Russian and Syrian strikes on Aleppo was holding for a second day yesterday, ahead of a brief unilateral ceasefire aimed at allowing civilians and rebels to quit the ...

 Oct 21 2016 - 'East Aleppo ceasefire has begun, promises safe exit'Gulf Times
(MENAFN - Gulf Times) * Syrian army says corridors opened for rebels and civilians * Rebels say preparations under way for major assault on army The Syrian military said on Thursday a ...

 Oct 21 2016 - Lebanon detains 8 Syrians for plotting attacksGulf Times
(MENAFN - Gulf Times) Lebanon has detained eight Syrians accused of plotting suicide bomb attacks at popular tourist spots and on Lebanon's United Nations peacekeeping force, Lebanon's intelligence ...

 Oct 21 2016 - Missiles fromYemen injures Saudi civiliansGulf Times
(MENAFN - Gulf Times) A number of civilians in the southern Saudi Arabian province of Jazan have been injured by missiles fired from Yemen, the Saudi civil defense unit was quoted as saying by the ...

 Oct 21 2016 - Deadly Turkish raids on US-backed Kurd fightersGulf Times
(MENAFN - Gulf Times) Turkish warplanes carried out deadly strikes on US-backed militias in northern Syria, including Syrian Kurdish fighters, a monitor said Thursday, action that is likely to raise ...

 Oct 21 2016 - Use truce to leave Aleppo, junta tells local residentsGulf Times
(MENAFN - Gulf Times) A 'humanitarian pause” in the Syrian army";s Russian-backed assault on Aleppo took effect yesterday, but despite a drop in violence there was little sign residents were ...

 Oct 21 2016 - For Kenya's child brides, school offers a break from traditionMuscat Daily
(MENAFN - Muscat Daily) Halima's future at 13 was foretold: A pastoralist's daughter, she was married to a man 12 years her senior. Next would surely come the first of many pregnancies, and a life ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help