Glencore director backs company to the tune of nearly half a million pounds
Glencore nearly bounced to pre-slump levels on Thursday, and director John Mack showed investors he’s still backing the mining company.
Access Intelligence
54.50p
16:55 28/03/24
Appreciate Group
42.20p
16:30 27/02/23
Financial Services
14,827.91
17:14 28/03/24
Flutter Entertainment (DI)
15,790.00p
16:59 28/03/24
FTSE 100
7,952.62
17:14 28/03/24
FTSE 350
4,383.21
17:14 28/03/24
FTSE AIM All-Share
743.26
16:50 28/03/24
FTSE All-Share
4,338.05
16:50 28/03/24
Glencore
435.30p
17:05 28/03/24
GSK
1,708.60p
17:14 28/03/24
Mining
9,418.88
17:14 28/03/24
Pharmaceuticals & Biotechnology
21,366.25
17:14 28/03/24
Software & Computer Services
2,487.67
17:14 28/03/24
Travel & Leisure
7,949.88
17:14 28/03/24
Shares in the FTSE 100-listed company dropped dramatically on Monday after Investec warned the stock holds little value for shareholders.
But John Mack is putting nearly half a million pounds on the line after purchasing 550,000 shares as it looks to bounce back.
Also betting on a healthy return was Stewart Kenny, non-executive director and co-founder of Paddy Power, who picked up €287,277 worth of shares.
The biggest director sale of the day was Access Intelligence chairman Michael Jackson´s, who sold five million of his nearly 26m shareholding to pay for an accelerated payment notice from HMRC over his personal tax affairs.
And with it being the start of a new quarter, a number of directors were awarded shares as part of incentive schemes, including directors of GlaxoSmithKline and Park Group. However, a number of Park Group directors cashed in part or all of their allocation.
Top Director Buys
Glencore (GLEN)
Director name: Mr John J Mack
Amount purchased: 550,000 @ 80.78p
Value: £444,290
Paddy Power (PAP)
Director name: Mr Stewart Kenny
Amount purchased: 2,781 @ € 103.30
Value: € 287,277
Barclays (BARC)
Director name: Mr Tushar Morzaria
Amount purchased: 76,191 @ 246.10p
Value: £187,506
GlaxoSmithKline (GSK)
Director name: Sir Sir Deryck Maughan
Amount purchased: 3,658 @ 1,251.28p
Value: £45,772
GlaxoSmithKline (GSK)
Director name: Dr Stephanie Burns
Amount purchased: 3,104 @ 1,251.28p
Value: £38,840
GlaxoSmithKline (GSK)
Director name: Ms Lynn Elsenhans
Amount purchased: 3,104 @ 1,251.28p
Value: £38,840
GlaxoSmithKline (GSK)
Director name: Dr Daniel (Dan) Podolsky
Amount purchased: 2,744 @ 1,251.28p
Value: £34,335
GlaxoSmithKline (GSK)
Director name: Mr Philip R Hampton
Amount purchased: 3,497 @ 1,251.00p
Value: £43,747
River and Mercantile Group (RIV)
Director name: Mr Kevin Hayes
Amount purchased: 14,000 @ 232.00p
Value: £32,480
ITV (ITV)
Director name: Mr Archie Norman
Amount purchased: 12,675 @ 247.88p
Value: £31,419
Top Director Sells
Access Intelligence (ACC)
Director name: Mr Michael Jackson
Amount sold: 5,000,000 @ 4.00p
Value: £200,000
Experian (EXPN)
Director name: Mr Lloyd Pitchford
Amount sold: 18,082 @ 1,069.07p
Value: £193,309
Park Group (PKG)
Director name: Mr Marti Stewart
Amount sold: 212,494 @ 70.00p
Value: £148,746
Park Group (PKG)
Director name: Mr Christopher Houghton
Amount sold: 122,453 @ 70.00p
Value: £85,717
Park Group (PKG)
Director name: Mr Gary Woods
Amount sold: 100,881 @ 70.00p
Value: £70,617