Director dealings: IHG boss's wife checks out, Curtis and Banks eye bargain

1st Nov 2016 16:13

(ShareCast News) - The wife of Intercontinental Hotels chief executive, Richard Solomons, has sold almost £1.2m worth of shares in the company despite the confident language employed by her husband in recent weeks.Karin Solomons sold 37,340 shares at a price of 3,156.69p, a drop in the ocean of the family's stake in the company, with the recent annual report and accounts noting that the CEO holds well over 1,000% over the value of his annual salary in shares.At the Holiday Inn owner's third quarter results in less than two weeks ago, Solomons esquire said that, while growth in the industry's revenue per available room (revpar) has slowed, "the fundamentals for the sector, and particularly for IHG, remain compelling" and that the company looked forward to sustainable growth on into the future."Despite the uncertain environment in some markets, we remain confident in the outlook for the remainder of the year."Elsewhere, as shares in Curtis Banks fell to their lowest level since last year's flotation, four directors showed their confidence by buying close to £268,000 shares in the self invested personal pensions (SIPP) administrator.The quartet bought at an average price of 186.07p per share, led by co-founder and current executive chairman Chris Banks, who spent roughly £150,000, with chief executive Rupert Curtis and finance director Paul Tarran both spending £50,000 and chief information officer Kristian Morgans shelling out around £20,000.At the company's September interim results Banks hailed the "transformational" acquisition of Suffolk Life, which he said presented considerable long term opportunities for the group."It is equally important to recognise the progress within the business aside from the Suffolk Life headlines. Curtis Banks has successfully integrated the previous acquisitions and is in a very strong position to continue as a specialist administrator in a changing market. We are all very optimistic about our prospects."Yet, after floating at 190p in May 2015 and surging up to top 400p this April shares in the company have come back to below where they started, with the interim results perhaps not as strong as some had hoped.With the Suffolk Life regulatory approval delaying completion until 25 May there was only been a limited contribution in the first half of the year, while the incremental earnings arising from integration were pushed back as a consequence of the longer than expected completion time and yet the costs were inflated. Top Director BuysRiverstone Energy Limited (RSE)Director name: Leuschen,David MAmount purchased: 15,000 @ 1,240.81pValue: £186,121.50Curtis Banks Group (CBP)Director name: Banks,Christopher CharlesAmount purchased: 79,900 @ 186.07pValue: £148,669.93Riverstone Energy Limited (RSE)Director name: Leuschen,David MAmount purchased: 10,000 @ 1,239.71pValue: £123,971.00Riverstone Energy Limited (RSE)Director name: Ryan,KenAmount purchased: 10,000 @ 1,239.71pValue: £123,971.00Riverstone Energy Limited (RSE)Director name: Lapeyre Jr.,Pierre FAmount purchased: 10,000 @ 1,239.71pValue: £123,971.00Curtis Banks Group (CBP)Director name: Tarran,Paul JamesAmount purchased: 26,631 @ 186.07pValue: £49,552.30Curtis Banks Group (CBP)Director name: Curtis,Rupert Amount purchased: 26,631 @ 186.07pValue: £49,552.30Clearstar Inc. (di / Reg S) (CLST)Director name: Dawson ,Kenneth WayneAmount purchased: 118,500 @ 38.00pValue: £45,030.00Clearstar Inc. (di / Reg S) (CLST)Director name: Pattillo,DavidAmount purchased: 118,500 @ 38.00pValue: £45,030.00Parity Group (PTY)Director name: Firth,DavidAmount purchased: 100,000 @ 8.75pValue: £8,750.00Legal & General Group (LGEN)Director name: Markham,RudyAmount purchased: 2,376 @ 208.80pValue: £4,961.09Travis Perkins (TPK)Director name: Walker,Robert MAmount purchased: 353 @ 1,332.84pValue: £4,704.93Legal & General Group (LGEN)Director name: Meddings,Richard HAmount purchased: 1,317 @ 208.80pValue: £2,749.90Legal & General Group (LGEN)Director name: Popham,StuartAmount purchased: 972 @ 208.80pValue: £2,029.54Legal & General Group (LGEN)Director name: Bradley ,Carolyn Amount purchased: 857 @ 208.80pValue: £1,789.42Travis Perkins (TPK)Director name: McConville,ColineAmount purchased: 63 @ 1,332.84pValue: £839.69Travis Perkins (TPK)Director name: Anderson,RuthAmount purchased: 63 @ 1,332.84pValue: £839.69Travis Perkins (TPK)Director name: Redfern,PeterAmount purchased: 58 @ 1,332.84pValue: £773.05Travis Perkins (TPK)Director name: Rogers,JohnAmount purchased: 51 @ 1,332.84pValue: £679.75Walker Crips Group (WCW)Director name: Fitzgerald,Rodney ArnoldAmount purchased: 630 @ 47.50pValue: £299.25Walker Crips Group (WCW)Director name: Rushton,MarkAmount purchased: 628 @ 47.50pValue: £298.30Walker Crips Group (WCW)Director name: Lam,Sean Kin WaiAmount purchased: 628 @ 47.50pValue: £298.30Walker Crips Group (WCW)Director name: Elliott,RobertAmount purchased: 628 @ 47.50pValue: £298.30Walker Crips Group (WCW)Director name: Gelber,DavidAmount purchased: 628 @ 47.50pValue: £298.30Travis Perkins (TPK)Director name: Rogers ,Christopher Amount purchased: 63 @ 332.84pValue: £209.69Walker Crips Group (WCW)Director name: Fitzgerald,Rodney ArnoldAmount purchased: 315 @ 47.50pValue: £149.62Walker Crips Group (WCW)Director name: Rushton,MarkAmount purchased: 314 @ 47.50pValue: £149.15Walker Crips Group (WCW)Director name: Elliott,RobertAmount purchased: 314 @ 47.50pValue: £149.15Aberdeen Smaller Companies Income Trust (ASCI)Director name: Fletcher,DavidAmount purchased: 42 @ 197.46pValue: £82.93Top Director SellsIntercontinental Hotels Group (IHG)Director name: Solomons,RichardAmount sold: 37,340 @ 3,156.69pValue: £1,178,706.20Eg Solutions (EGS)Director name: Payne,NigelAmount sold: 16,450 @ 49.50pValue: £8,142.75Eg Solutions (EGS)Director name: Rolls,George HenryAmount sold: 16,450 @ 49.50pValue: £8,142.75Raven Russia Ltd (RUS)Director name: Sinclair,MarkAmount sold: 42,495 @ n/aValue: n/aRaven Russia Ltd (RUS)Director name: Jewson,Richard WAmount sold: 2,811 @ n/aValue: n/aRaven Russia Ltd (RUS)Director name: Coe,Stephen CharlesAmount sold: 1,417 @ n/aValue: n/aRaven Russia Ltd (RUS)Director name: Hirsch,Glyn VincentAmount sold: 91,005 @ n/aValue: n/aRaven Russia Ltd (RUS)Director name: Smith,Colin AndrewAmount sold: 23,747 @ n/aValue: n/aRaven Russia Ltd (RUS)Director name: Bilton,Anton John GodfreyAmount sold: 603,465 @ n/aValue: n/a