Last month, the share price of Hochschild Mining (HOC) pulled back after it announced plans to generate around £65m through a 3-for-8 rights issue, the proceeds of which would be utilised to retire a portion of the silver miner's debt overhang and increase cash reserves. A group of directors duly exercised their rights, most notably chairman and eponymous principal shareholder, Eduardo Hochschild, who alone parted with £35m for another 74.7m shares in the Peru-based miner.
Hochschild was in hock to the tune of $456m at the half-year mark with the bulk of borrowings ploughed into the Inmaculada plant. Capital budgets are out of fashion in mining circles at the moment, but Inmaculada has the potential to transform Hochchild's operating profile, both in terms of scale and costs.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Albion Technology & General VCT | PH Reeve | 30 Oct 15 | 6,392 | 77.94 | 4,982 | 559,337 | 0.667 |
Ariana Resources | Michael de Villiers (ch) | 02 Nov 15 | 4,588,888 | 1 | 45,889 | 24,500,000 | 3.055 |
B.P. Marsh & Partners Ω | Daniel Topping | 30 Oct 15 | 2,606 | 152.5 | 3,974 | 28,384 | 0.097 |
Banco Santander SA | Ignacio Cabeza de Vaca | 02 Nov 15 | 1,592,793 | 367.73 | 5,857,111 | 2,926,372 | 0.020 |
BlackRock Income Strategies Trust | James Long (ch) | 29 Oct 15 | 7,225 | 138.4 | 9,999 | 37,336 | 0.014 |
BT | Michael Inglis | 02 Nov 15 | 1,200 | 464.4 | 5,573 | 1,200 | <0.001 |
C&C | Joris Brams | 30 Oct 15 | 13,700 | 365.54 | 50,079 | 91,477 | 0.027 |
Candover Investments | Malcolm Fallen (ce) | 02 Nov 15 | 2,454 | 223 | 5,472 | 66,522 | 0.305 |
Equiniti | Guy Wakeley (ce) | 29 Oct 15 | 63,291 | 158 | 100,000 | 1,196,712 | 0.399 |
Equiniti | John Parker | 04 Nov 15 | 31,439 | 158 | 49,674 | 57,020 | 0.019 |
Equiniti | Dr Tim Miller | 29 Oct 15 | 63,291 | 158 | 100,000 | 63,291 | 0.021 |
FlowGroup | Clare Spottiswoode (ch) | 03 Nov 15 | 187,623 | 16 | 30,020 | 939,910 | 0.296 |
FlowGroup ♥ | Clare Spottiswoode (ch) | 03 Nov 15 | 187,623 | 16 | 30,020 | 1,127,533 | 0.355 |
Gaming Realms | Michael Buckley (ch) | 04 Nov 15 | 1,000,000 | 25 | 250,000 | 21,000,000 | 8.427 |
Genel Energy | Ben Monaghan (cfo) | 30 Oct 15 | 20,000 | 258 | 51,600 | 20,000 | 0.008 |
Genel Energy | Murat Ozgul (ce) | 30 Oct 15 | 30,000 | 260 | 78,000 | 37,942 | 0.015 |
Hochschild Mining * | Nigel Moore | 04 Nov 15 | 18,750 | 47 | 8,813 | 68,750 | 0.019 |
Hochschild Mining * | Dr Graham Birch | 04 Nov 15 | 3,750 | 47 | 1,763 | 13,750 | 0.004 |
Hochschild Mining * | Eduardo Hochschild (ch) | 04 Nov 15 | 74,745,101 | 47 | 35,130,197 | 274,065,373 | 74.537 |
Hochschild Mining * | Ignacio Bustamante (ce) | 04 Nov 15 | 45,466 | 47 | 21,369 | 166,710 | 0.045 |
Hochschild Mining * | Roberto Danino | 04 Nov 15 | 75,000 | 47 | 35,250 | 275,000 | 0.075 |
Hochschild Mining * | Sir Malcolm Field | 04 Nov 15 | 5,356 | 47 | 2,517 | 19,641 | 0.005 |
HSBC Holdings | Sir Simon Robertson | 04 Nov 15 | 9,770 | 511.62 | 49,985 | 33,812 | <0.001 |
Inchcape | Alison Cooper | 03 Nov 15 | 181 | 797.5 | 1,443 | 4,134 | 0.001 |
Inchcape | Coline McConville | 03 Nov 15 | 181 | 797.5 | 1,443 | 717 | <0.001 |
Inchcape | John Langston | 03 Nov 15 | 214 | 797.5 | 1,707 | 2,146 | <0.001 |
Inchcape | Nigel Northridge | 03 Nov 15 | 250 | 797.5 | 1,994 | 27,182 | 0.006 |
Inchcape | Till Vestring | 03 Nov 15 | 273 | 797.5 | 2,177 | 62,742 | 0.014 |
Jardine Lloyd Thompson | Mark Drummond-Brady | 04 Nov 15 | 1,760 | 881.9 | 15,521 | 113,478 | 0.052 |
Jardine Lloyd Thompson ♥ | Mark Drummond-Brady | 04 Nov 15 | 1,742 | 888.54 | 15,478 | 115,220 | 0.053 |
Lloyds Banking | Alan Dickinson | 30 Oct 15 | 50,000 | 74.40 | 37,199 | 50,000 | <0.001 |
Lombard Risk Management | Steve Rogers | 03 Nov 15 | 125,000 | 93 | 116,250 | 344,984 | 0.113 |
Meggitt | Douglas Webb (cfo) | 30 Oct 15 | 30,000 | 352.67 | 105,801 | 78,240 | 0.010 |
Meggitt | Guy Berruyer | 02 Nov 15 | 10,000 | 355.43 | 35,543 | 13,000 | 0.002 |
Meggitt | Sir Nigel Rudd (ch) | 29 Oct 15 | 27,300 | 348.76 | 95,211 | 67,300 | 0.009 |
Meggitt ♥ | Stephen Young (ce) | 30 Oct 15 | 100,000 | 352.67 | 352,670 | 637,419 | 0.082 |
Meggitt ♥ | Sir Nigel Rudd (ch) | 29 Oct 15 | 29,700 | 348.76 | 103,582 | 97,000 | 0.013 |
Mortgage Advice Bureau (Holdings) | Nathan Imlach | 29 Oct 15 | 423 | 315 | 1,332 | 16,807 | 0.033 |
Mortgage Advice Bureau (Holdings) | Richard Verdin | 29 Oct 15 | 366 | 315 | 1,153 | 13,032 | 0.026 |
Nanoco | Gordon Hall | 29 Oct 15 | 100,000 | 44.75 | 44,750 | 200,000 | 0.084 |
Northbridge Industrial Services Ω | David Marshall | 02 Nov 15 | 600,000 | 70 | 420,000 | 2,500,000 | 13.568 |
Northbridge Industrial Services Ω | Eric Hook (ce) | 02 Nov 15 | 150,000 | 70 | 105,000 | 500,000 | 2.714 |
Northbridge Industrial Services Ω | Peter Harris (ch) | 02 Nov 15 | 100,000 | 70 | 70,000 | 1,235,000 | 6.703 |
Plutus PowerGen | Paul Lazarevic | 02 Nov 15 | 1,083,928 | 1.4 | 15,175 | 31,441,071 | 5.502 |
Plutus PowerGen | Paul Lazarevic | 30 Oct 15 | 357,143 | 1.38 | 4,929 | 30,357,143 | 5.312 |
Plutus PowerGen | Paul Lazarevic | 03 Nov 15 | 142,308 | 1.29 | 1,836 | 31,583,379 | 5.527 |
Plutus PowerGen | Paul Lazarevic | 04 Nov 15 | 620,000 | 1.29 | 7,998 | 32,203,379 | 5.636 |
Schroders | Robin Buchanan | 04 Nov 15 | 108 | 2,292.99 | 2,476 | 8,738 | 0.004 |
Shoe Zone | Nick Davis (cfo) | 29 Oct 15 | 15,700 | 190 | 29,830 | 15,700 | 0.031 |
Smith & Nephew | R A D Freestone | 30 Oct 15 | 15,000 | 1,101 | 165,150 | 15,000 | 0.002 |
Smith & Nephew † | Vinita Bali | 04 Nov 15 | 1,200 | 1,118.84 | 13,426 | 6,186 | 0.001 |
Trinity Mirror * | L D Ginsberg | 30 Oct 15 | 10,000 | 158 | 15,800 | 10,000 | 0.004 |
Trinity Mirror * | David Kelly | 30 Oct 15 | 10,000 | 158 | 15,800 | 10,000 | 0.004 |
Trinity Mirror * | David Grigson (ch) | 30 Oct 15 | 20,000 | 158 | 31,600 | 220,000 | 0.085 |
Trinity Mirror * | Helen Stevenson | 30 Oct 15 | 25,000 | 158 | 39,500 | 35,000 | 0.014 |
Trinity Mirror * | Simon S R Fox (ce) | 30 Oct 15 | 25,000 | 158 | 39,500 | 87,659 | 0.034 |
Trinity Mirror * | Vijay Vaghela (fd) | 30 Oct 15 | 25,000 | 158 | 39,500 | 527,873 | 0.205 |
U and I | Richard Upton | 02 Nov 15 | 6,250 | 240 | 15,000 | 2,793,949 | 2.236 |
Union Jack Oil * | Joe O'Farrell | 03 Nov 15 | 8,705,883 | 0.17 | 14,800 | 118,870,063 | 4.916 |
Union Jack Oil * | Raymond Godson | 03 Nov 15 | 11,764,706 | 0.17 | 20,000 | 25,764,706 | 1.065 |
Waterman | Nicholas Taylor (ce) | 30 Oct 15 | 2,704 | 83.89 | 2,268 | 178,246 | 0.579 |
William Hill | Gareth Davis (ch) | 30 Oct 15 | 31,600 | 316.19 | 99,916 | 146,488 | 0.017 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Boxhill Technologies | Lord Razzall (ch) | 02 Nov 15 | 14,000,000 | 0.32 | 44,800 | 62,965,986 | 4.325 |
Moneysupermarket.com | Peter Plumb (ce) | 30 Oct 15 | 400,000 | 330.3 | 1,321,200 | 895,142 | 0.164 |
Nakama | EK Ford (ch) | 30 Oct 15 | 500,000 | 4 | 20,000 | 13,499,997 | 11.461 |
Proton Power Systems | Thomas Melczer | 30 Oct 15 | 200,000 | 5.25 | 10,500 | 0 | 0.000 |
Shoe Zone | Charles Smith | 29 Oct 15 | 1,108,528 | 190 | 2,106,203 | 11,109,408 | 22.219 |
Shoe Zone | Anthony Smith (ce) | 29 Oct 15 | 1,386,472 | 190 | 2,634,297 | 13,895,592 | 27.791 |
*Placing/tender/open offer ♥Spouse/connected party Ω ISA/SIPP/Trust †Depositary receipts |