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Hochschild chairman keeps control

Eduardo Hochschild has sold shares in the precious metals miner worth £42m.
March 30, 2017

More than a century after Hochschild Mining (HOC) was founded by the German-born tin baron Moritz Hochschild, the company is still in his descendants' hands. While the focus may have switched to gold and silver, it appears that current chairman Eduardo Hochschild is keen to retain his great uncle's legacy and keep the family name on the door.

IC TIP: Hold at 266p

That's because despite Mr Hochschild's sale of shares worth £41.9m on 17 March, the Peruvian retains a 51 per cent majority stake in the group through Pelham Investment Corporation, a Cayman-based holding company.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
1Spatial Andy Roberts (ch)16 Mar 172,000,0003.056361,1262,000,0000.271
1Spatial Andy Roberts (ch)21 Mar 171,100,0003.538,5003,100,0000.420
Abcam Gavin Wood (cfo)17 Mar 175,815842.6348,9996,2720.003
Abcam Murray Hennessy (ch)20 Mar 175,922847.086350,16443,2450.021
Abcam Alan Hirzel (ceo)17 Mar 176,000839.550,37043,9310.022
Abcam Alan Hirzel (ceo)22 Mar 176,00080948,54049,9310.025
Abcam Mara Aspinall20 Mar 172,370848.846220,1183,4180.002
Aviva Andrew Briggs22 Mar 176,562530.534,811229,6490.006
Aviva♥ Andrew Briggs22 Mar 1711,438531.460,782241,0870.006
Bacanora Minerals James Strauss16 Mar 1727,0007921,33027,0000.024
Bacanora Minerals James Strauss20 Mar 1733,00082.527,22560,0000.054
BlackRock World Mining Trust Ian Cockerill (ch)17 Mar 174,000362.62514,50540,7890.023
Bodycote Patrick Larmon16 Mar 175,000820.7541,0385,0000.003
CRH Lucinda Riches16 Mar 173,000284385,2905,0000.001
EKF Diagnostics Holdings♥ Christopher Mills (ch)20 Mar 178,000,00019.51,560,000138,000,00029.725
Eagle Eye Solutions  William Currie16 Mar 17275,000144.5397,3752,615,38511.799
Eagle Eye Solutions  William Currie17 Mar 1725,000144.536,1252,640,38511.912
Eagle Eye Solutions  Terry Leahy16 Mar 17275,000144.5397,3751,952,0308.806
Eagle Eye Solutions  Terry Leahy17 Mar 1725,000144.536,1251,977,0308.919
Electrocomponents Peter Johnson (ch)17 Mar 173,00049414,820159,4000.036
Great Portland Estates Richard Mully22 Mar 1720,000635127,00020,0000.006
Hansard Global Timothy Davies (cfo)17 Mar 1723,00088.687520,39823,0000.017
Haynes Publishing  Alex Kwarts16 Mar 1715,00015623,40015,0000.099
Inchcape Jerry Buhlmann16 Mar 1715,000803120,45015,0000.004
North Atlantic Smaller Companies Inv Trust Christopher Mills (ceo)21 Mar 1724,0002,500600,0003,664,00025.399
Pets at Home  Michael Iddon (cfo)16 Mar 1713,536184.424,96013,5360.003
Pets at Home  Michael Iddon (cfo)17 Mar 1732,460184.259,79145,9960.009
Phoenix  HoldingsWendy Mayall21 Mar 178,00079563,60018,0000.005
Real Estate Investors Marcus Daly (fd)22 Mar 17100,0005858,0001,640,0000.880
Real Estate Investors Paul Bassi (ceo)22 Mar 17100,0005858,00010,120,0005.429
SThree Denise Collis20 Mar 175,000312.12515,6065,0000.004
SafeCharge International  Yuval Ziv22 Mar 175,09523511,9735,0950.003
Segro Soumen Das (cfo)17 Mar 177,268452.656132,89916,3220.002
Segro♥ Soumen Das (cfo)17 Mar 178,000455.536,44024,3220.003
Segro Soumen Das (cfo)17 Mar 179,054452.840,9979,0540.001
Speedy Hire David Shearer20 Mar 1750,0004924,500150,0000.029
Spirax-Sarco Engineering Jane Kingston16 Mar 171,0804786.539851,6951,0800.001
Telit Communications Oozi Cats (ceo)22 Mar 1710,00031931,90022,972,21919.833
XLMedia Ory Weihs (ceo)16 Mar 17110,000111122,1002,566,6671.281

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Billington Holdings John Gordon21 Mar 1740,00022590,000307,2702.376
Cropper (James)♥ Phil Wild (ceo)22 Mar 1720,0001,400280,00000.000
Dechra Pharmaceuticals Anthony Griffin21 Mar 173,5001,67658,66064,3200.069
Eagle Eye Solutions  Steve Rothwell16 Mar 17100,000144.5144,5001,511,6726.820
Equiniti  John Stier (cfo)20 Mar 17115,000195.4224,710333,9100.111
Hochschild Mining♥ Eduardo Hochschild (ch)17 Mar 1715,500,00027041,850,000258,565,37350.976
Howden Joinery♥  Mark Robson (cfo)16 Mar 1770,000424.53297,1712,147,4690.340
Howden Joinery♥  Mark Robson (cfo)16 Mar 1770,000424.55297,1852,077,4690.329
Howden Joinery♥  Mark Robson (cfo)16 Mar 1780,000426.03340,8241,997,4690.317
Howden Joinery♥  Mark Robson (cfo)16 Mar 1790,000425.37382,8331,167,4690.185
Howden Joinery♥  Mark Robson (cfo)16 Mar 1790,000425.56383,0041,907,4690.302
Howden Joinery♥  Mark Robson (cfo)16 Mar 17150,000425.11637,6651,017,4690.161
Howden Joinery♥  Mark Robson (cfo)16 Mar 17150,000425.32637,9801,257,4690.199
Howden Joinery♥  Mark Robson (cfo)16 Mar 17500,000425.152,125,7501,407,4690.223
Kingspan  Eugene Murtagh (ch)20 Mar 171,000,0002,604.526,045,00029,018,00016.290
SThree Justin Hughes17 Mar 177,000310.821,756243,8980.188
SThree Justin Hughes20 Mar 1710,00030730,700233,8980.180
SThree Justin Hughes21 Mar 1781,250310.4956252,278152,6480.118
Taptica International Hagai Tal (ceo)20 Mar 1750,000300150,00011,025,50918.240
*Placing/tender/open offer ♥Spouse/connected party