Shares in Hargreaves Lansdown (HL.) have more than doubled in the past couple of years and Mrs H Gorham - wife of chief executive Ian Gorham - sold 110,000 shares at 1,166p earlier this month. That raised a cool £1.28m, although Mr Gorham still has a beneficial shareholding relating to 332,628 shares (or around 0.07 per cent of the issued share capital).
Hargreaves Lansdown provides investment management services and the group recently announced that assets under administration stood at a record £45.7bn, up £2.3bn in the first quarter of the year. Clients using the group's Vantage trading platform rose by 33,000 over the same period, bringing the total number of active clients to 617,000, or a 28 per cent rise on the year. This helped to push net revenue up by 6 per cent in the first quarter to £73.7m. Trading has been boosted by a steady switch into defined contribution pensions where individuals take an active interest in how their funds are invested. Self investment levels are less than half those in the US and the group's sophisticated trading platform means that new business levels are likely to continue growing.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Armadale Capital | Justin Lewis | 20 May 14 | 23,000,000 | 0.1 | 23,000 | 83,000,000 | 2.270 |
Amara Mining | John McGloin (ch) | 19 May 14 | 587,841 | 17 | 99,933 | 871,906 | 0.265 |
Amara Mining | Pete Gardner (cfo) | 19 May 14 | 261,820 | 16.98 | 44,457 | 430,109 | 0.131 |
Amara Mining | Pete Gardner (cfo) | 20 May 14 | 325,000 | 16.98 | 55,185 | 755,109 | 0.230 |
Amino Technologies | Keith Todd (ch) | 19 May 14 | 120,424 | 89 | 107,177 | 281,983 | 0.512 |
Avanti Communications | David Williams (ce) | 16 May 14 | 9,550 | 259 | 24,735 | 1,705,651 | 1.527 |
Babcock International | J Randall | 20 May 14 | 3,000 | 1187 | 35,610 | 3,000 | <0.001 |
Development Securities | Michael Marx (ce) | 15 May 14 | 21,030 | 236.75 | 49,789 | 550,555 | 0.441 |
Development Securities | Marcus Shepherd (fd) | 15 May 14 | 10,000 | 233.5 | 23,350 | 38,347 | 0.031 |
Experian | Jan Babiak | 16 May 14 | 11,000 | 1,042.91 | 114,720 | 11,000 | 0.001 |
Grafton | Roderick Ryan | 21 May 14 | 10,000 | 575 | 57,500 | 35,000 | 0.015 |
Gresham Computing ♥ | Max Royde | 19 May 14 | 50,000 | 131.95 | 65,973 | 5,494,354 | 8.689 |
Gresham Computing ♥ | Max Royde | 20 May 14 | 50,000 | 131.95 | 65,974 | 5,544,354 | 8.768 |
GVC Holdings | Lee Feldman (ch) | 15 May 14 | 23,875 | 435 | 103,856 | 122,575 | 0.201 |
Keywords Studios | Ross Graham (ch) | 19 May 14 | 30,490 | 164 | 50,004 | 30,490 | 0.065 |
Lenta † | John Oliver (ch) | 16 May 14 | 15,000 | 994 | 149,100 | 525,000 | 0.122 |
Lloyds Banking | Carolyn Fairbairn | 21 May 14 | 40,000 | 73.99 | 29,596 | 40,000 | <0.001 |
Lloyds Banking | Nick Luff | 16 May 14 | 120,000 | 73.71 | 88,452 | 200,000 | <0.001 |
Marshalls | Mark Edwards | 21 May 14 | 29,000 | 173 | 50,170 | 78,000 | 0.039 |
Marston's | Roger Devlin (ch) | 16 May 14 | 150,000 | 150.75 | 226,125 | 150,000 | 0.026 |
NetPlay TV (ce) | Charles Butler (ce) | 21 May 14 | 1,500,000 | 17.25 | 258,750 | 3,000,000 | 1.013 |
Ocado | Ruth Anderson | 16 May 14 | 10,000 | 303.48 | 30,348 | 70,000 | 0.011 |
Petroceltic International * | Brian O'Cathain (ce) | 21 May 14 | 23,536 | 157 | 36,952 | 194,609 | 0.105 |
Petroceltic International * | TG Hickey (cfo) | 21 May 14 | 23,536 | 157 | 36,952 | 272,850 | 0.148 |
Pittards | Godfrey Davis | 15 May 14 | 31,000 | 157.75 | 48,903 | 31,000 | 0.335 |
Premier Foods | Ian Krieger | 15 May 14 | 200,000 | 54.25 | 108,500 | 304,000 | 0.037 |
President Energy | Peter Levine (ch) | 20 May 14 | 250,000 | 30 | 75,000 | 76,662,209 | 19.380 |
Staffline * | Andrew Hogarth (ce) | 16 May 14 | 46,875 | 800 | 375,000 | 1,615,504 | 5.835 |
Staffline * | Diane Martyn | 16 May 14 | 3,750 | 800 | 30,000 | 3,750 | 0.014 |
Staffline * | Nicholas Keegan | 16 May 14 | 3,000 | 800 | 24,000 | 36,750 | 0.133 |
Telecom plus | Andrew Lindsay (ce) | 21 May 14 | 3,000 | 1,490.39 | 44,712 | 135,312 | 0.169 |
Telecom plus | Julian Schild | 21 May 14 | 17,000 | 1,490.39 | 253,366 | 133,682 | 0.167 |
Telecom plus | Melvin Lawson | 21 May 14 | 3,000 | 1,490.39 | 44,712 | 2,064,869 | 2.581 |
Telecom plus | Charles Wigoder (ch) | 21 May 14 | 5,000 | 1,490.39 | 74,520 | 12,993,183 | 16.238 |
Tethys Petroleum | Julian Hammond (ce) | 19 May 14 | 100,000 | 22.75 | 22,750 | 225,000 | 0.074 |
Thomas Cook | Harriet Green (ce) | 19 May 14 | 32,700 | 154.17 | 50,414 | 732,700 | 0.050 |
Thomas Cook | Michael Healy (cfo) | 19 May 14 | 19,700 | 150.52 | 29,652 | 43,701 | 0.003 |
Thomas Cook | Martine Verluyten | 19 May 14 | 25,000 | 153.26 | 38,315 | 165,000 | 0.011 |
Travis Perkins | R M Walker (ch) | 16 May 14 | 3,000 | 1,628.64 | 48,859 | 89,007 | 0.036 |
Travis Perkins | Tony Buffin (cfo) | 16 May 14 | 3,000 | 1611 | 48,330 | 43,807 | 0.018 |
Trinity Mirror | Simon Fox (ce) | 19 May 14 | 12,659 | 158 | 20,001 | 87,861 | 0.034 |
W Resources ♥ * | Michael Masterman (ch) | 19 May 14 | 22,500,000 | 0.8 | 180,000 | 771,594,339 | 35.323 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Anglo American | Mark Cutifani (ce) | 20 May 14 | 4,693 | 1,537 | 72,131 | 32,890 | 0.002 |
Hargreaves Lansdown ♥ | Ian Gorham (ce) | 21 May 14 | 110,000 | 1,166 | 1,282,600 | 332,628 | 0.070 |
Prudential | MGA McLintock | 16 May 14 | 72,188 | 1,398.10 | 1,009,260 | 440,087 | 0.017 |
Prudential | NA Nicandrou (cfo) | 16 May 14 | 116,106 | 1,398.10 | 1,623,278 | 286,700 | 0.011 |
Prudential (ce) | TC Thiam | 16 May 14 | 380,000 | 1,398.10 | 5,312,780 | 684,284 | 0.027 |
Prudential † | B L Stowe | 16 May 14 | 216,000 | 1,397.50 | 3,018,602 | 274,784 | 0.011 |
Prudential † | M Wells | 16 May 14 | 300,000 | 1,399.65 | 4,198,935 | 436,534 | 0.017 |
Rolls-Royce Holdings | Colin Smith | 16 May 14 | 70,000 | 1,000.59 | 700,413 | 193,305 | 0.010 |
Rolls-Royce Holdings ♥ | Colin Smith | 16 May 14 | 30,000 | 1,000.59 | 300,177 | 193,305 | 0.010 |
Stobart | Andrew Tinkler (ce) | 21 May 14 | 1,000,000 | 135 | 1,350,000 | 31,179,442 | 9.413 |
Synthomer | AM Whitfield (ce) | 15 May 14 | 90,976 | 267.99 | 243,811 | 197,388 | 0.058 |
TT electronics | Geraint Anderson (ce) | 15 May 14 | 70,000 | 212 | 148,400 | 700,573 | 0.441 |
UBM | Robert Gray (cfo) | 20 May 14 | 13,514 | 648.86 | 87,688 | 17,503 | 0.007 |
* placing/tender/open offer ♥ spouse/connected party † depositary receipts |