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Chi Med slumps as non-exec sells down

After listing on Nasdaq the pharma company has seen a big share price fall
October 20, 2016

Shares in Hutchison China Meditech (HCM) have taken a bit of a battering, falling by a third since the start of the year. That's despite decent financial results from the group's commercial arm, the renegotiation of a deal with AstraZeneca (AZN) and a successful Nasdaq listing that supported a $95.9m (£77.9m) fundraising.

IC TIP: Buy at 1,820p

It's the US shares' trading that has had a negative impact on the London share price in recent months. The company believes that some US investors have already lost patience with Chi-Med considering the host of other biotech investment opportunities available stateside. For those patient investors sitting tight as the share price has plummeted, news that a non-executive director has sold 15,000 of his shares is unlikely to raise spirits. Michael Howell earned himself £268,500 in the share sale, but retains a 0.23 per cent holding.

 

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AEW UK REIT Bim Sandhu10 Oct 1625,00098.2524,563575,0000.465
BlackRock Frontiers Investment Trust♥ Lynn Ruddick10 Oct 168,957136.2512,20470,6900.043
BlackRock Frontiers Investment Trust Lynn Ruddick10 Oct 1616,043136.2521,85961,7330.038
BlackRock Frontiers Investment Trust♥ Lynn Ruddick11 Oct 1619,796138.5627,429150,4860.092
BlackRock Frontiers Investment Trust♥ Lynn Ruddick11 Oct 1621,497138.2529,720130,6900.080
BlackRock Frontiers Investment Trust Lynn Ruddick11 Oct 1635,454138.5649,125185,9400.113
BlackRock Frontiers Investment Trust Lynn Ruddick11 Oct 1638,503138.2553,230109,1930.066
Capita Nick Greatorex (fd)10 Oct 161,671593.929,92410,6950.002
DP Poland* Christopher Moore10 Oct 16187,5004890,0003,842,8332.807
DP Poland* Gerald Ford10 Oct 1672,9164835,0001,001,0380.731
Dunelm  John Browett (ceo)06 Oct 167248205,93728,5090.014
Dunelm♥  John Browett (ceo)06 Oct 1617,450821143,26545,9590.023
Dunelm  William Reeve06 Oct 162,500822.820,5705,0000.002
e-Therapeutics Trevor Jones 12 Oct 1641,20411.3274,66770,5800.026
Gresham House Strategic David Potter (ch)07 Oct 162,47580819,99814,2850.387
Haydale Graphene Industries* John Knowles (ch)12 Oct 166,25016010,000155,4640.913
Haydale Graphene Industries* Matthew Wood (fd)12 Oct 166,25016010,0009,8210.058
Haydale Graphene Industries* Raymond Gibbs (ceo)12 Oct 166,0001609,600482,0002.830
Haydale Graphene Industries* Roger Humm12 Oct 166,25016010,00034,7090.204
Highbridge Multi-Strategy Fund♥ Victor Holmes (ch)06 Oct 1625,250197.549,86925,2500.020
ITV Anna Manz07 Oct 1627,282181.949,62630,4490.001
Intu Properties♥ John Whittaker12 Oct 1610,000287.391428,739336,644,72225.034
Intu Properties♥ John Whittaker12 Oct 1614,000287.391440,235336,634,72225.033
Intu Properties♥ John Whittaker12 Oct 1624,000287.391468,974336,540,72225.027
Intu Properties♥ John Whittaker12 Oct 1624,000287.391468,974336,620,72225.032
Intu Properties♥ John Whittaker12 Oct 1656,000287.3914160,939336,596,72225.031
Intu Properties♥ John Whittaker12 Oct 1674,417287.3914213,868336,719,13925.040
Merlin Entertainments Anne-Francoise Nesmes (cfo)10 Oct 164,50044019,8004,5000.000
Polymetal International Marina Grönberg11 Oct 162,50086621,65013,5000.003
PureCircle Rakesh Sinha (cfo)11 Oct 165,000279.9313,99725,0000.014
Rolls-Royce Holdings Ian Davis (ch)07 Oct 162547781,97641,4850.002
Rolls-Royce Holdings Ruth Cairnie07 Oct 162497781,93710,4890.001
Rolls-Royce Holdings Sir Frank Chapman07 Oct 165097783,96020,6930.001
Rosslyn Data Technologies Hugh Cox07 Oct 1640,00010.1254,0509,735,09012.849
Secure Trust Bank Michael Forsyth 12 Oct 1610024002,4002,0000.011
Secure Trust Bank Michael Forsyth 12 Oct 16700240016,8001,9000.010
Shanks  Colin Matthews (ch)11 Oct 16100,000114.5114,500100,0000.025
Standard Life European Private Equity Trust Alan Devine06 Oct 165,511274.9415,1525,5110.004
StratMin Global Resources*Brett Boynton (ceo)07 Oct 164,352,6902.5108,8174,352,6902.460
StratMin Global Resources*♥Shishir Poddar07 Oct 161,972,3872.549,3101,972,3871.115
Union Jack Oil Raymond Godson10 Oct 165,000,0000.1989,90030,764,7060.932
Witan Pacific Investment Trust Sarah Bates (ch)07 Oct 168,000295.1523,61297,2000.149
Witan Pacific Investment Trust Sarah Bates (ch)07 Oct 1625,00029674,00089,2000.137

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
CityFibre Infrastructure Holdings Mark Collins10 Oct 16210,00060126,000162,9870.061
CityFibre Infrastructure Holdings Gary Mesch10 Oct 161,080,00060648,0001,166,8310.439
CityFibre Infrastructure Holdings Greg Mesch (ceo)10 Oct 16210,00060126,000572,8030.216
Goodwin♥ B Goodwin07 Oct 165,1652275117,50439,3330.546
Goodwin♥ J Goodwin (ch)07 Oct 166,1212275139,25329,1310.405
Goodwin♥ M Goodwin07 Oct 165,1652275117,50470,5030.979
Goodwin♥ R Goodwin07 Oct 166,1142275139,09410.000
Goodwin♥ S Goodwin07 Oct 165,1652275117,50492,1421.280
Goodwin♥ T Goodwin07 Oct 165,1652275117,504129,3301.796
Hutchison China Meditech Michael Howell07 Oct 1615,0001790268,500138,6000.229
* placing/tender/open offer ♥ spouse/connected party