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Svg Capital ShareCast News (SVI)
ShareCast News for Svg Capital (SVI)
| Share Price: 387.90 | Bid: 386.50 | Ask: 387.50 | Change: 2.30 (+0.60%) |  | ||||||
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Henderson director makes sale
Wed, 11th Apr 2012 15:28
David Jacob, Managing Director of Investment Management at fund manager Henderson Group, has sold 429,000 shares at 120.60p.
The £517,374 sale was made after the director acquired just over two million shares on the vesting of a share plan.
Following the transaction Jacob now holds around 2.466m shares. His wife continues to own 710,920 shares.
The stock has fallen over 28% in the past year, equivalent to 48.5p, and despite making gains in the last month of around 5%, has lost over 3% in the past week.
At the end of February the company said that while its acquisition of Gartmore in 2011 boosted income, outflows during the year were still 'significant'.
Underlying profits before tax were £159.2m, although when the Gartmore transaction and other items are taken into account, basic profit before tax fell to £13m.
Assets under management by the end of 2011 were £64.3bn an increase of 4% compared to December 31st 2010.
Top Director Buys
Computacenter (CCC)
Director name: Mr Greg Lock
Amount purchased: 6,562 @ 410.20p
Value: £26,917
Top Director Sells
Henderson Group (HGG)
Director name: Mr David Jacob
Amount sold: 429,000 @ 120.60p
Value: £517,374
SVG Capital (SVI)
Director name: Mr Edgar Koning
Amount sold: 4,587 @ 321.00p
Value: £14,724
Walker Crips Group (WCW)
Director name: Mr Stephen Bailey
Amount sold: 25,000 @ 45.00p
Value: £11,250
NR
The £517,374 sale was made after the director acquired just over two million shares on the vesting of a share plan.
Following the transaction Jacob now holds around 2.466m shares. His wife continues to own 710,920 shares.
The stock has fallen over 28% in the past year, equivalent to 48.5p, and despite making gains in the last month of around 5%, has lost over 3% in the past week.
At the end of February the company said that while its acquisition of Gartmore in 2011 boosted income, outflows during the year were still 'significant'.
Underlying profits before tax were £159.2m, although when the Gartmore transaction and other items are taken into account, basic profit before tax fell to £13m.
Assets under management by the end of 2011 were £64.3bn an increase of 4% compared to December 31st 2010.
Top Director Buys
Computacenter (CCC)
Director name: Mr Greg Lock
Amount purchased: 6,562 @ 410.20p
Value: £26,917
Top Director Sells
Henderson Group (HGG)
Director name: Mr David Jacob
Amount sold: 429,000 @ 120.60p
Value: £517,374
SVG Capital (SVI)
Director name: Mr Edgar Koning
Amount sold: 4,587 @ 321.00p
Value: £14,724
Walker Crips Group (WCW)
Director name: Mr Stephen Bailey
Amount sold: 25,000 @ 45.00p
Value: £11,250
NR
SVG Capital's first quarter NAV rises
Private equity firm SVG Capital unveiled a 13 per cent increase in net asset value (NAV) to 443p for the first three months of the year buoyed by strong performance of its investment partner Permira.[25 Apr '13]
SVG Capital reports success of tender offer
SVG Capital has said that 15.5m shares will be purchased at 420p each under the previously announced tender offer, completing the December 2011 capital return commitment.[16 Apr '13]
Wednesday broker round-up UPDATE
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation.[27 Feb '13]
London close: Stocks slip as growth concerns dampen sentiment
The FTSE 100 had picked up off its intraday low by the end of the session on Thursday, but a barrage of worse-than-expected economic growth figures from across the globe ensured that markets remained in negative territory.[14 Feb '13]
FTSE 250 movers: Bumi falls as infighting continues ahead of vote
Bumi plc shares tumbled as co-founders of the coal miner financier Nathanial Rothschild and the Bakrie Group continued to butt heads over fate of the business. Shareholders are meeting next Thursday to vote on a proposal by Rothschild to replace members of the board. Furthermore, overnight shares of PT Bumi Resources rose to the highest in more than four months, rocketing higher by 26 per cent in Jakarta trading, after it requested a takeover panel to expedite inquiry into t[14 Feb '13]
Thursday broker round-up UPDATE
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight.[14 Feb '13]
Tuesday broker round-up UPDATE
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p.[5 Feb '13]
SVG completes placement of remaining shares in Galaxy Entertainment
SVG, the FTSE 250 private equity investor, has completed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator.[8 Nov '12]
