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HSBC's Flint offloads £1m

The outgoing chairman at the universal banking group has offloaded part of his stake
May 18, 2017

It will soon be the end of an era at HSBC (HSBA), when chairman Douglas Flint hands over the reins to current AIA Group chief executive Mark Tucker in October. Before departing, Mr Flint has offloaded some of his holding in the banking giant, selling almost £1m-worth of shares.

IC TIP: Buy at 688p

Mr Flint has been in his current role since 2010 and was finance director during the 15 years prior to this. Under his tenure as chairman, the banking group has focused investment on growth in Asia. The region accounted for 83 per cent of pre-tax profits during the first three months of the year. It is perhaps for that reason that the market greeted the announcement of Mr Tucker as replacement chairman so positively. In addition to his role at AIA, he was previously chief executive at Asia-focused life assurer Prudential (PRU) until 2009. Mr Tucker's most pressing task will be to find a replacement for the bank's chief executive, Stuart Gulliver, when he retires next year.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint  Paul Moody (ch)10 May 175,0001,82891,4005,0000.018
Advanced Oncotherapy Chris Nutting08 May 17202,50024.6749,957217,3160.287
Arix Bioscience Joe Anderson (ceo)08 May 1721,532202.3943,579299,3100.311
Arix Bioscience Jon Peacock (ch)08 May 1711,484202.3923,242567,0400.590
Arix Bioscience James Rawlingson (cfo)08 May 1711,484202.3923,24211,4840.012
Better Capital  Jonathan Moulton08 May 171,100,000107.51,182,50025,723,80912.440
Countrywide Natalie Ceeney05 May 171,751159.862,79923,0670.011
Countrywide Natalie Ceeney05 May 1721,316160.9134,30021,3160.010
Directa Plus♥ Giulio Cesareo (ceo)09 May 1729,4116819,9993,160,8917.149
Directa Plus Marco Ferrari (cfo)04 May 174,500673,01511,1660.025
Directa Plus Richard Hickinbotham04 May 1729,0006719,43029,0000.066
Downing Strategic Micro-Cap Investment Trust♥ Hugh Aldous09 May 1719,79110019,791120,0910.216
Downing Strategic Micro-Cap Investment Trust Diana Hunter09 May 174,7261024,82129,7260.053
Downing Strategic Micro-Cap Investment Trust Diana Hunter09 May 1718,94110219,32048,6670.088
Frontier Developments Charles Cotton08 May 174,00033513,40099,3390.291
Henderson Diversified Income Trust Ian Wright09 May 1730,00092.4427,73230,0000.016
Hydrogen  Stephen Puckett (ch)10 May 17100,00036.7536,750550,0002.297
International Public Partnerships Giles Frost08 May 17300,000150450,000813,2740.060
International Public Partnerships John Le Poidevin08 May 1732,00015048,00032,0000.002
International Public Partnerships John Whittle08 May 176,6661509,99958,8640.004
International Public Partnerships Rupert Dorey (ch)08 May 17129,000150193,500922,6870.068
International Public Partnerships Claire Whittet08 May 176,5321509,79865,4550.005
International Public Partnerships Claire Whittet08 May 176,6661509,99958,9230.004
Invesco Asia Trust Fleur Meijs08 May 175,64826414,9115,6480.007
JPMorgan American Investment Trust Nadia Manzoor10 May 172,631377.4449,9312,6310.001
Monchhichi Jean-Pascal Tranié (ceo)04 May 17700,00037259,0001,410,0003.212
Octagonal Martin Davison08 May 17700,0002.5517,85021,765,0003.885
Octagonal Martin Davison09 May 17300,0002.557,65022,065,0003.939
Ortac Resources* Anthony Balme (ch)08 May 171,000,000330,0009,588,9026.444
Ortac Resources* Nick von Schirnding08 May 17333,333310,000593,3330.399
Ortac Resources* Vassilios Carellas (ceo)08 May 17166,66735,000936,6670.629
Pearson Coram Williams (cfo)05 May 175,00075537,75015,0100.002
Pearson John Fallon (ceo)05 May 1723,728754.4179,004326,7840.040
Produce Investments Neil Davidson  (ch)04 May 1737,50019372,37582,5000.306
Produce Investments Neil Davidson  (ch)05 May 1726,00020052,000108,5000.403
Regency Mines* Andrew Bell (ch)08 May 172,222,2220.920,0002,222,2220.398
Rentokil Initial Chris Geoghegan04 May 1719,830249.140949,40519,8300.001
Ricardo William Spencer09 May 178,00091573,2008,0000.015
Shearwater* Giles Willits09 May 17625,000425,0006,250,0000.651
Shearwater* Christopher Eadie09 May 17625,000425,0005,750,0010.598
Shearwater* David Williams (ch)09 May 1712,500,0004500,000113,583,99411.823
Shearwater* Michael Stevens (ceo)09 May 17625,000425,00011,250,0001.171
Shearwater* Robin Southwell 09 May 17625,000425,00011,250,0001.171
Shearwater* Stephen Ball09 May 17625,000425,00011,250,0001.171
VPC Specialty Lending Investments♥ Richard Levy09 May 1773,81781.2559,9761,507,7030.399
William Hill Mark Brooker10 May 1711,500301.1634,63311,5000.001

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
4imprint  Andrew Scull10 May 1715,0001,828274,20070,0000.249
4imprint♥  Andrew Scull10 May 1715,0001,828274,20085,0000.303
Capita Andy Parker (ceo)05 May 1755,686570.09317,46061,5960.009
Gamma Communications Andrew Stone05 May 1770,000575402,500780,5000.848
HSBC  Douglas Flint (ch)05 May 17150,000661991,500252,3620.001
Redrow Barbara Richmond (fd)09 May 1760,000582349,200431,4460.117
Redrow♥ Barbara Richmond (fd)09 May 1760,000582.1349,260431,4460.117
Waterman  Nick Taylor (ceo)09 May 1742,43814059,4134,8080.016
Waterman  Nick Taylor (ceo)09 May 17123,640140173,09690,0390.293

* placing/tender/open offer ♥ spouse/connected party