The biggest insider deals of the last week were at house builder Berkeley Group (BKG) where Rob Perrins, group chief executive, bought almost £3 million worth of shares in two tranches last Friday and this Monday.
Perrins, who started at the firm as a qualified accountant in 1994, has been a seller of Berkeley shares on balance this year but timed his purchase neatly as the shares are now trading 7% above his average price.
According to the filing, Perrins now holds just under 1.1 million shares or 0.9% of Berkeley Group, worth a cool £49 million at today’s price. He was joined by non-executive chairman Glyn Barker who bought a more modest £111,000 worth of stock last Friday and now owns 47,700 shares, worth just over £2.3 million.
Berkeley increased its net asset value per share by around 6% in the year to April with net cash on the books of £1.1 billion and cash due on forward sales of £1.7 billion, while the estimated future gross margin on its land holdings rose to £6.9 billion.
Gavin Rochussen, who swapped his role as chief executive of JO Hambro for the top job at Polar in 2017, sold £377,000 worth of shares in the asset management firm on Monday, while executive director John Mansell, a near-20 year veteran of the group, offloaded £212,000 worth of stock.
The sales leave Rochussen with just under 1.5 million shares in Polar or 1.5% of the firm, worth roughly £13 million, while Mansell holds 2 million shares or 2% worth £17.6 million at today’s price.
Meanwhile, at Premier Miton, chief executive Mike O’Shea – one of the founding directors of Premier Fund Managers way back in 1988 – lightened up his holding with the sale of roughly £247,000 worth of shares a week ago.
O’Shea remains a significant stakeholder in the fund group he helped found with a holding of 3.64 million shares or 2.3%, worth just under £6.5 million at the current price.