ShareCast News for Highland Gold (HGM)
Mon, 16th Jul 2012 15:52
Robert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter.
Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 shares for 1,818p each.
Last week the firm posted a 31% rise in first-quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30th.
UK retail sales for the three months increased 8.0% and International sales jumped 49%.
Although he no longer holds any ordinary shares, Bready was earlier this year granted 788,604 ordinary shares of 3.5p each, of which half will vest in September this year and half 12 months later.
Shares in ASOS are down more than 22% over the past year, equivalent to 529p. However, since late April things have picked up and in the last month alone shares are up 12.5%, or 207p.
Top Director Buys
Highland Gold Mining Ltd. (HGM)
Director name: Mr Eugene Shvidler
Amount purchased: 2,037,794 @ 110.00p
Value: £2,241,573
Obtala Resources Ltd (OBT)
Director name: Mr Simon Rollason
Amount purchased: 175,000 @ 19.84p
Value: £34,720
VP (VP.)
Director name: Mr Allison Bainbridge
Amount purchased: 8,000 @ 298.00p
Value: £23,840
Equatorial Palm Oil (PAL)
Director name: Mr Michael Frayne
Amount purchased: 100,000 @ 12.70p
Value: £12,700
Software Radio Technology (SRT)
Director name: Mr Andrew Christopher Lapping
Amount purchased: 50,000 @ 20.90p
Value: £10,450
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 143,125 @ 1,818.00p
Value: £2,602,012
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Christopher M Gradel
Amount sold: 353,151 @ $1.42
Value: $501,474
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Anthony M Miller
Amount sold: 72,577 @ $1.42
Value: $103,059
Wetherspoon (J.D.) (JDW)
Director name: Mr John Hutson
Amount sold: 3,500 @ 441.70p
Value: £15,460
NR
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation.
[24 Apr '13]AIM-listed Highland Gold Mining has reported that conveyance, screening and milling construction works at its new stand-alone processing facility at Belaya Gora have been concluded successfully.
[16 Apr '13]Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating.
[3 Apr '13]Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation.
[13 Mar '13]AIM-listed mining company Highland Gold Mining has acquired a license for exploration and mining rights for the Western Flank, a property located adjacent to the company's existing Mnogovershinnoye mine operations in Russia.
[10 Dec '12]Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating.
[29 Nov '12]Russian gold miner Highland Gold said first half net profit fell to 45m dollars from 70.3m dollars a year earlier while pre-tax profit fell by a third due to the higher cost of sales.
[19 Sep '12]It sounds like something from a Sherlock Holmes novel, but a letter from a lawyer claiming to be acting for a South African tribe has caused a big drop in the share price of iron ore explorer Mercury Recycling. Mercury is buying a site owned by Sylvania Platinum in the Northern Limb of the Bushveld Complex in South Africa. The Tribesman claim they have occupancy rights over the land. Mercury says its lawyers think the claim is a load of nonsense. The market is not impressed.
[10 Aug '12]