Director dealings: Londonmetric chairman lowers stake
Londonmetric revealed on Thursday that chairman Patrick Vaughan had disposed of 500,000 ordinary shares in the FTSE 250-listed property company.
FTSE 250
20,508.75
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
LondonMetric Property
188.30p
15:45 15/11/24
Real Estate Investment Trusts
2,144.53
15:44 15/11/24
Vaughan, who took over as chairman following the group's merger with London and Stamford in 2013, sold the shares on Wednesday at an average price of 230.0p each, for a total value of £1.14m.
Back in November, Londonmetric increased its dividend as it reported strong rent collection and higher revenue in the first half.
Rent collection was "strong" during the Covid-19 crisis with 98% of third-quarter rents received with 1% deferred. The FTSE 250 property group increased its first-half dividend by 5% to 4.2p a share.
As of 1640 GMT, Londonmetric shares were up 1.99% at 235.60p.
Top Director Buys
Smith (ds) (SMDS)
Director name: Marsh ,Adrian
Amount purchased: 55,893 @ 382.40p
Value: £213,734.83
Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 377,738 @ 36.83p
Value: £139,124.68
Compass Group (CPG)
Director name: Witts,Karen
Amount purchased: 7,011 @ 1,415.50p
Value: £99,240.70
City Of London Investment Group (CLIG)
Director name: Aling,Barry
Amount purchased: 20,000 @ 429.73p
Value: £85,945.10
Cyanconnode Holdings (CYAN)
Director name: Cronin ,John
Amount purchased: 1,467,391 @ 4.60p
Value: £67,499.99
Lloyds Banking Group (LLOY)
Director name: Chalmers,William
Amount purchased: 181,314 @ 36.83p
Value: £66,779.76
Proactis Holdings (PHD)
Director name: Brown,Nick
Amount purchased: 67,415 @ 44.50p
Value: £29,999.67
Proton Motor Power Systems (PPS)
Director name: Kotlarzewski,Roman
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00
Proton Motor Power Systems (PPS)
Director name: Gierse,Helmut
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00
Proton Motor Power Systems (PPS)
Director name: Limbrunner,Manfred
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00
Income & Growth Vct (IGV)
Director name: Helfgott,Maurice
Amount purchased: 30,000 @ 66.56p
Value: £19,968.00
Non-standard Finance (NSF)
Director name: Gregson,Charles Henry
Amount purchased: 272,600 @ 3.13p
Value: £8,532.38
City Of London Inv Trust (CTY)
Director name: Wren,Samantha
Amount purchased: 133 @ 364.46p
Value: £484.73
Sthree (STEM)
Director name: Smith,Alex
Amount purchased: 61 @ 301.03p
Value: £183.63
Funding Circle Holdings (FCH)
Director name: Desai,Samir
Amount purchased: 179 @ 83.80p
Value: £150.00
Funding Circle Holdings (FCH)
Director name: White,Oliver
Amount purchased: 179 @ 83.80p
Value: £150.00
Severfield (SFR)
Director name: Cochrane,Ian
Amount purchased: 177 @ 70.60p
Value: £124.96
Severfield (SFR)
Director name: Dunsmore,Alan
Amount purchased: 177 @ 70.60p
Value: £124.96
Victrex Plc (VCT)
Director name: Court ,Martin
Amount purchased: 5 @ 2,276.00p
Value: £113.80
Top Director Sells
Ceres Power Holdings (CWR)
Director name: Caldwell ,Philip
Amount sold: 387,007 @ 1,017.10p
Value: £3,936,248.01
Londonmetric Property (LMP)
Director name: Vaughan,Patrick
Amount sold: 500,000 @ 230.00p
Value: £1,149,999.98
Ceres Power Holdings (CWR)
Director name: Preston,Richard
Amount sold: 102,158 @ 1,017.10p
Value: £1,039,048.97
Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 30,000 @ 1,550.00p
Value: £465,000.00
Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 30,000 @ 1,500.35p
Value: £450,105.00
Smith (ds) (SMDS)
Director name: Marsh ,Adrian
Amount sold: 105,659 @ 383.00p
Value: £404,673.96
Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 20,000 @ 1,520.16p
Value: £304,032.19
Nakama Group (NAK)
Director name: Sheffield,Tim
Amount sold: 28,430,000 @ 0.50p
Value: £142,150.00
Uls Technology (ULS)
Director name: Williams,John
Amount sold: 86,304 @ 80.30p
Value: £69,302.11
Ceres Power Holdings (CWR)
Director name: Preston,Richard
Amount sold: 29,625 @ 85.00p
Value: £25,181.25