Join our community of smart investors

Hilton chairman sells down

The food packing company has its sights set on Australian expansion
January 24, 2019

A greater proportion of Hilton Food Group's (HFG) sales are derived Down Under now that the food packing company has taken full control of a joint venture in Australia. In a year-end update, Hilton bosses revealed “strong year-on-year double-digit growth” at its Australian division, driven by incremental volume improvements at its Brisbane facility and higher volumes at its Victoria site. Production at the new Queensland facility is also expected to start towards the end of the third quarter, ahead of schedule.

IC TIP: Buy at 914p

Hilton says it feels "positive" heading into the current financial year, with a "strong" financial position. So it's curious to see executive chairman Robert Watson sell 50,000 shares at 950p. A spokesperson for Hilton declined to comment on the £475,000 transaction. Mr Watson still owns nearly 2.9m shares in Hilton, or around 3.5 per cent of outstanding share capital.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Diversified Income and Growth Trust Julian Sinclair15 Jan 1940,00011546,000169,7140.052
ADVFN Clement Chambers (ceo)11 Jan 195,00027.9991,400523,1982.042
Alliance Trust Christopher Samuel11 Jan 1989715.747563740,4820.012
Biffa Richard Pike  (cfo)11 Jan 192,4581914,695327,4580.131
BlackRock Throgmorton TrustSimon Beart10 Jan 19159465.5574054,7480.075
Cohort Andrew Thomis (ceo)16 Jan 19425386.81,644142,4500.350
DekelOil Public Lincoln Moore10 Jan 19103,0000.3453554,575,2041.299
DekelOil Public Yehoshua Kol (cfo)10 Jan 19279,4000.3651,02027,581,8617.830
DekelOil Public Lincoln Moore10 Jan 19100,0003.33,3004,675,2041.327
DekelOil Public Lincoln Moore10 Jan 1982,0003.62,9524,472,2041.270
Futura Medical*John Clarke (ch)11 Jan 1957,25025.114,370256,2260.125
Futura Medical*Jonathan Freeman 11 Jan 1919,57825.14,91490,6210.044
Good Energy  John Maltby (ch)14 Jan 1915,000107.516,125195,7031.181
hVIVO*James Winschel 10 Jan 1914,11528.344,00093,6730.116
Jupiter European Opportunities Trust Andrew Sutch (ch)11 Jan 19817.43369,5580.008
Manchester & London Investment Trust Brett Miller 10 Jan 191,0004384,3801,0000.004
Manchester & London Investment Trust Daniel Wright 10 Jan 191,000441.864,4191,0000.004
NAHL  Russell Atkinson (ceo)14 Jan 1916,53589.814,848531,8661.152
NAHL  James Saralis (cfo)14 Jan 1916,6669014,99916,6660.036
Pantheon International Susannah Nicklin10 Jan 191391981.52,7541,1060.002
Phoenix Global Resources Michael Rake (ch)11 Jan 19201,99724.549,489330,0000.012
Restore♥Charles Skinner (ceo)14 Jan 1915,50033551,9251,554,0601.254
Restore♥Charles Skinner (ceo)14 Jan 1939,000338131,8201,593,0601.285
The Property Franchise  David Raggett (cfo)11 Jan 1910,00011511,500222,4000.861
U and I  Richard Upton16 Jan 191,9152053,9263,282,0202.617
Value and Income Trust Matthew Oakeshott14 Jan 1975,000263197,2509,251,00020.310
Value and Income Trust♥Matthew Oakeshott14 Jan 1975,000263197,2509,326,00020.474
Zegona Communications*Eamonn O'Hare (ch)14 Jan 19666,666105699,9991,365,5191.082
Zegona Communications*♥Mark Watts14 Jan 199,523,81010510,000,00132,538,22525.779
Zegona Communications*Robert Samuelson14 Jan 19142,857105150,000514,9960.408
Zegona Communications*Howard Kalika14 Jan 19142,858105150,001177,0340.140
Zegona Communications*Murray Scott14 Jan 1934,00010535,70032,1470.025
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Cohort Andrew Thomis (ceo)16 Jan 194373801,661142,0250.347
Hilton Food  Robert Watson (ch)10 Jan 1950,000950475,0002,882,1573.532
Polar Capital  Brian Ashford-Russell10 Jan 19250,0004851,212,5005,200,0005.520
* placing/tender/open offer ♥ spouse/connected party