Investing in a bookmaker is a risk given that the UK government is due to release the outcome of its inquiry into fixed-odds betting terminals this autumn. But this has not stopped a William Hill non-executive director — John O’Reilly — from buying 92,000 shares at 275p for a total of £252,773.

Mr O’Reilly, previously managing director at Coral Interactive, joined William Hill towards the end of 2016 at a rather rocky time for the gambling company. Former chief executive Ralph Topping had recently left the board after a failed attempt to merge with Pokerstars owner Amaya. He was briefly replaced by James Henderson before concerns around digital strategy saw him step down. Things are now looking more stable after Philip Bowcock was promoted to chief executive in March this year.

William Hill said that during the annual general meeting board members were asked if they would buy shares in the company, and so it appears that Mr O’Reilly is delivering on his bullish sentiment at the time.

Directors in Howden Joinery have been busy dumping shares in the kitchen specialist. Rachel Robson, wife of Mark Robson, deputy chief executive and chief financial officer at the company, sold 989,007 shares raising £4.2m (Mr Robson transferred 337,892 shares from his name to his wife’s name in late July). Mr Robson himself sold a more modest 5,209 shares at the same time. His total holding (including shares in his wife’s name) is now 200,000 shares.

This follows the sale of 270,000 shares by chief executive Matthew Ingle, taking his total holding (including shares in his wife’s name) down to just over 3m shares. Profits at the half-year to June were down 12 per cent, mainly as a result of higher operating costs and adverse currency movements. There was also a £124m hole in the pension fund that will need to be filled at some point.

Directors’ Deals, August 7 2017
Company Director Date No of shares Price (p) Value (£) Holding (shares)
BUY
AstraZeneca  Philip Broadley 27 Jul 17 2,300 4282 98,486 2,300
AstraZeneca  Nazneen Rahman 27 Jul 17 461 4,335.48 19,987 461
Blue Star Capital*  Anthony Fabrizi (ceo) 27 Jul 17 5,242,041 2 104,841 25,000,000
CityFibre Infrastructure Holdings*  Chris Stone (ch) 28 Jul 17 181,818 55 100,000 181,818
CityFibre Infrastructure Holdings*  Stephen Charlton 28 Jul 17 200,000 55 110,000 431,781
CityFibre Infrastructure Holdings*♥  Sally Davis 28 Jul 17 15,000 55 8,250 74,906
CityFibre Infrastructure Holdings*  Sally Davis 28 Jul 17 23,000 55 12,650 59,908
Diageo  A Stewart 28 Jul 17 4,076 2465 100,473 6,636
Eagle Eye Solutions Bill Currie 28 Jul 17 58,500 270 157,950 3,013,322
Eagle Eye Solutions Terry Leahy 28 Jul 17 58,500 270 157,950 2,270,970
Equiniti Guy Wakeley (ceo) 28 Jul 17 3,795 262 9,943 1,341,289
Equiniti Philip Yea 31 Jul 17 40,000 262.3 104,920 40,000
European Wealth* John Morton (ceo) 27 Jul 17 322,464 12.8 41,275 2,754,820
European Wealth* Buzz West (ch) 27 Jul 17 935,025 12.8 119,683 1,281,331
European Wealth* Simon Ray 27 Jul 17 132,813 12.8 17,000 392,149
Pendragon  Chris Chambers 02 Aug 17 500,000 30.2 151,000 1,490,000
Quartix  Jim Warwick 31 Jul 17 20,833 360 74,999 73,333
Quartix  Ed Ralph 31 Jul 17 27,778 360 100,001 97,573
Quartix  Paul Boughton (ch) 31 Jul 17 13,889 360 50,000 53,889
SDL  Adolfo Hernandez (ceo) 02 Aug 17 20,000 496.375 99,275 120,000
SDL  David Clayton (ch) 02 Aug 17 20,000 503 100,600 133,950
SDL  Glenn Collinson 02 Aug 17 10,000 504.61 50,461 22,000
St James’s Place  Roger Yates 31 Jul 17 10,000 1218 121,800 20,000
TP* Andrew McCree (ch) 28 Jul 17 153,847 6.5 10,000 333,847
TP* Dreen Stroud (cfo) 28 Jul 17 153,847 6.5 10,000 653,847
TP* Jeremy Warner-Allen 28 Jul 17 135,714 6.5 8,821 1,854,945
TP* Jeremy Warner-Allen 28 Jul 17 769,231 6.5 50,000 1,719,231
TP* Phil Cartmell (ceo) 28 Jul 17 615,385 6.5 40,000 3,136,105
TP* Phil Holland 28 Jul 17 307,693 6.5 20,000 407,693
TP* Simon Kings 28 Jul 17 307,693 6.5 20,000 1,557,693
UBM  Warren Finegold 28 Jul 17 20,000 703.33 140,666 20,000
William Hill  John O’Reilly 02 Aug 17 92,000 274.7533 252,773 92,000
SELL
AdEPT Telecom  Dusko Lukic 02 Aug 17 47,500 327.5 155,563 0
AdEPT Telecom  Ian Fishwick (ceo) 02 Aug 17 500,000 327.5 1,637,500 695,977
AdEPT Telecom  Roger Wilson (ch) 02 Aug 17 350,000 327.5 1,146,250 438,300
Cropper (James)♥  Isabelle Maddock (fd) 01 Aug 17 644 1,711 11,019 7,682
Dignity  Andrew Davies 02 Aug 17 5,000 2570 128,500 132,254
Dignity  Andrew Davies 02 Aug 17 7,500 2573 192,975 124,754
Dignity  Andrew Davies 02 Aug 17 12,500 2,567.70 320,963 112,254
Howden Joinery Matthew Ingle (ce) 31 Jul 17 270,000 427.52 1,154,304 3,003,796
Howden Joinery Mark Robson (cfo) 01 Aug 17 5,209 426.25 22,203 1,189,007
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 70,000 425.46 297,822 200,000
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 80,000 425.04 340,032 909,007
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 100,000 425.91 425,910 989,007
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 100,000 426.72 426,720 1,089,007
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 180,000 425.11 765,198 270,000
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 209,007 425.05 888,384 450,000
Howden Joinery♥ Mark Robson (cfo) 01 Aug 17 250,000 425.13 1,062,825 659,007
Ideagen  Barney Kent 28 Jul 17 245,000 82.5 202,125 1,772,660
Jarvis Securities  Nick Crabb 31 Jul 17 5,000 510 25,500 5,000
Quartix Holdings  David Bridge (fd) 31 Jul 17 62,500 360 225,000 2,600,500
Workspace Graham Clemett (cfo) 01 Aug 17 20,000 912.6455 182,529 213,204
Workspace♥ Graham Clemett (cfo) 01 Aug 17 30,000 912.6455 273,794 183,204
Workspace♥ Jamie Hopkins (ceo) 01 Aug 17 30,000 912.6455 273,794 195,183
Workspace Jamie Hopkins (ceo) 01 Aug 17 30,000 912.6455 273,794 225,183
Young & Co’s Brewery  Torquil Sligo-Young 01 Aug 17 2,000 1,311 26,220 303,016
* Placing/tender/open offer ♥ spouse/connected party; Source: Morningstar/Investors Chronicle



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