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Chairman benefits from rising value of Eco Animal Health

The animal medicines business has seen its share price soar in the last year, prompting chairman Pater Lawrence to cash in some profits and free up shares
July 12, 2016

Fears surrounding antibiotic resistance have provided a favourable marketplace for Eco Animal Health (EAH). As demand for the group's efficient animal antibiotic, Aivlosin, has risen, so has its share price – so much so that the company is now worth 50 per cent more than it was this time last year.

IC TIP: Hold at 439p

That's excellent news for executive chairman and major shareholder Peter Lawrence who recently sold a little over one million shares cashing in more than £4m in the process. For investors this could also be good as, according to house broker Peel Hunt, this has helped increase the liquidity of the shares, although the seven-digit payday likely sweetened the deal. That's not to say Mr Lawrence isn't still committed to the group's future - he still retains a 16 per cent stake in the business.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Advanced Oncotherapy Michael Bradfield06 Jul 1610,00011211,2005,040,7408.878
Advanced Oncotherapy Michael Bradfield06 Jul 1650,000102.551,2505,030,7408.860
Aldermore  Glyn Jones (ch)30 Jun 16100,000118.883118,883881,4880.256
Apax Global Alpha♥ Tim Breedon (ch)04 Jul 1630,00011634,80070,0000.014
Apax Global Alpha♥ Susie Farnon04 Jul 1620,00011623,20020,0000.004
Ashtead  Wayne Edmunds04 Jul 167,000107975,5307,0000.001
BAE Systems  Elizabeth Corley 30 Jun 1610,00051151,10010,0000.000
Clarkson♥ James Hughes-Hallett (ch)05 Jul 166631808.0511,9872,1630.007
Clarkson James Hughes-Hallett (ch)05 Jul 161,500180027,0001,5000.005
Clarkson Peter Backhouse05 Jul 1618518153,3585,5000.018
Clarkson Peter Backhouse05 Jul 1631518005,6705,3150.018
Clarkson Peter Backhouse05 Jul 1650018009,0006,0000.020
Clarkson Peter Backhouse05 Jul 161,5001863.82327,9575,0000.017
Costain  Paul Golby (ch)30 Jun 1635,000317.44111,10435,0000.034
Dixons Carphone Andrea Joosen05 Jul 163,0002998,9709,0760.001
Dixons Carphone Lord Livingston01 Jul 1615,236325.749,62415,2360.001
Greene King Lynne Weedall06 Jul 161,000720.827,2083,0510.001
Greene King Philip Yea (ch)05 Jul 1610,000747.302374,73040,0000.013
Gresham Computing♥ Max Royde30 Jun 1690,00095.333385,8007,229,66411.382
Highcroft Investments♥ John Hewitt (ch)30 Jun 161,0009079,07024,4850.474
Highcroft Investments John Hewitt (ch)30 Jun 161,50090713,60523,4850.454
Highcroft Investments Roberta Miles (fd)30 Jun 165009054,5253,2000.062
Hiscox Anne Macdonald30 Jun 162,19599721,8849,2450.003
Hiscox Ernst Jansen30 Jun 162,28899722,81183,9310.029
Hiscox Colin Keogh30 Jun 161,31699713,1218,1010.003
Immunodiagnostic Systems Holdings Peter Kaspar30 Jun 166,000136.58,1906,0000.020
Immunodiagnostic Systems Holdings Peter Kaspar01 Jul 165,0001386,90011,0000.037
Lloyds Banking  Simon Henry30 Jun 16100,00053.58753,587200,0000.000
LondonMetric Property Andrew Livingston06 Jul 1635,669140.250,00835,6690.006
LondonMetric Property Alec Pelmore06 Jul 1625,000139.934,975145,5000.023
Morgan Sindall  Malcolm Cooper30 Jun 167,000641.544,90510,0000.022
North Atlantic Smaller Companies Inv Trust The Lord Charles Howard of Rising01 Jul 163,000218065,4003,0000.021
Ocado  Duncan Tatton-Brown (cfo)01 Jul 16100,000226.7226,700624,6040.099
Paragon Group of Companies (The) Robert Dench (ch)05 Jul 1643,278231.0699,99873,2780.026
Redrow Andrew Hewson01 Jul 161,500318.24,77320,5000.006
Redrow♥ Debbie Hewitt 01 Jul 169,082330.3230,00030,6870.008
Ricardo Malin Persson30 Jun 161,500764.235711,4641,5000.003
Ricardo Terry Morgan  (ch)06 Jul 165,00069834,90015,0000.028
Securities Trust of Scotland John Evans06 Jul 1650,00014874,00050,0000.045
St Modwen Properties Richard Mully05 Jul 1610,00023023,00070,0000.032
St Modwen Properties Lesley James 05 Jul 1610,00024024,00030,0000.014
Stagecoach♥  Martin Griffiths (ceo)01 Jul 1620,000209.373141,875460,6830.080
Symphony International Holdings Anil Thadani30 Jun 16125,5047594,12861,657,07211.675
Symphony International Holdings Sunil Chandiramani30 Jun 1694,1287570,59617,916,9183.393
Telford Homes James Furlong04 Jul 1648,917301147,2401,205,7061.608
U and I  Richard Upton01 Jul 1630,85016049,3602,944,5622.354
Urban&Civic Duncan Hunter06 Jul 16100,000198198,000650,0000.449
Urban&Civic June Barnes06 Jul 165,55619710,94510,0000.007
Vietnam Enterprise Investments Gordon Lawson06 Jul 1625,000263.8865,97025,0000.011
Witan Investment Trust Andrew Bell (ceo)05 Jul 1610,00074674,600140,0000.076
Zegona Communications Eamonn O'Hare (ch & ceo)06 Jul 1650,00010954,5001,574,9990.803

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AB Dynamics Tim Rogers 01 Jul 1634,748395137,255422,9532.381
Eco Animal Health  Peter Lawrence (ch)05 Jul 161,043,553418.54,367,26910,353,47716.120
Fulcrum Utility Services Stephen Gutteridge01 Jul 1625,00039.159,788344,1660.217
Fulcrum Utility Services Stephen Gutteridge04 Jul 1615,00039.15,865329,1660.207
Homeserve♥ Mark Morris04 Jul 1614,218513.472,99545,8750.015
M P Evans  J D Shaw01 Jul 1615,00040060,000333,0650.598
M Winkworth♥ Chris Neoh (fd)06 Jul 1657,00011062,70012,5000.098

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