M N Donaldson

Filings by M N Donaldson span 2 companies, the busiest being Baillie Gifford Shin Nippon PLC (BGS) and Baillie Gifford Shin Nippon PLC. In total, 16 filings cover trades dated from 22 May 2018 to 5 July 2019.

Purchases make up the whole of the open-market record (3 purchases, €26k). A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 13 share grants. In 2019 alone, the filings show 1 purchase and no sales.

The median purchase comes to €1,675. On 1 out of 3 purchases, another insider of the same company was buying within the same 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. Looking at 3 purchases old enough to measure, the stock rose over the following 90 days in 33% of cases; the median change was -5.2%. This is a record of the past, not a forecast.

On 8 July 2019 came the latest disclosure, a share grant for €1,663 in Baillie Gifford Shin Nippon PLC (BGS). The last purchase on record was published on 17 January 2019, which is 2,852 days ago. Between a trade and the moment it shows up on RNS (LSE), the median delay is 3 days. Under the UK Market Abuse Regulation, managers have three business days to notify their trades. Every figure here comes from the filings published by RNS (LSE) and describes the past, not future prices; it is not investment advice.