Industrials
Insider buying at BNZL has picked up significantly in recent months - Richard Howes (CFO since 2019) bought £300k of shares at an average price of £23.21 in Apr, followed by a £100k purchase at £22.19 on Jun 18th. Peter Ventress (Chair since 2020) purchased £200k on Jun 24th at £23.52. This is his second purchase and four times larger than his Jun 2020 buy at £21.60. Jacqueline Simmonds (Director since 2023) made her second purchase on Jun 23rd, spending £51k at £23.28. Since early Mar, 6 insiders have purchased a total of £2.5m in shares, mostly around the £23 level. Given the breadth and scale of buying, Smart Insider upgrades the stock further to +1 (highest conviction rating).
Edition: 214
- 27 June, 2025
Merger and Acquisition scoops
Darktrace (DARK LN) - on Aug 15th with the shares trading at 420p Betaville revealed that the company was at the centre of takeover speculation. DARK subsequently confirmed it had received an approach from US PE firm Thoma Bravo, pushing the cybersecurity company's shares ~25% higher.
Micro Focus (MCRO LN) - on Feb 10th with the shares trading at 466p Betaville revealed that the company was under the spotlight amid takeover talk. Canadian software company Open Text and MCRO have just announced a recommended takeover offer at 532p a share.
Bunzl (BNZL LN) - one of Betaville's latest alerts reveals the FTSE 100-listed distribution giant to be the centre of takeover speculation. This story is yet to be confirmed...
Edition: 143
- 02 September, 2022