Trading Places: The major investors that have bought and sold this week
Aftermarket
In this week’s recap of substantial holder movements backers have included Emanuel Datt, Anthony Barton and AustralianSuper. All of these put money into mining companies in the last week.
Substantial shareholders are shareholders holding 5 per cent or more of a company’s shares and these can be directors, individual investors or institutional investors.
Shareholders are required to announce to the exchange when they cross above or below the 5 per cent threshold and any change in their holdings while they remain above 5 per cent.
You’d probably recognised Tony Barton as CEO of King River Copper (ASX: KRC). But he also owns a stake in Spectrum Metals (ASX: SPX) which he increased to 8.5 per cent last week.
His investment has nearly doubled since then as the company announced significant gold intersections.
Another mining investor, Emanuel Datt, became a substantial holder of fellow gold explorer Yandal Resources (ASX: YRL). He bought a 7 per cent stake in the company as part of a capital raise.
Yandal’s managing director Lorry Hughes declared in its quarterly it would be “a transformational ear ahead”.
AustralianSuper bought a 5.93 per cent stake Jervois Mining (ASX: JRV) just as it completes a merger with eCobalt.
Among fund managers, Bennelong Investment Partners bought an 8.27 per cent stake in Viva Leisure (ASX: VVA) and IOOF increased its stake in satellite play Speedcast (ASX: SDA) to 12.48 per cent.
It also increased its stake in semiconductor stock Revasum (ASX: RVS) to 13.42 per cent. It has not been a happy time, having fallen over 30 per cent in its first six months after listing, but its recent quarterly has given shareholders hope it may be about to turn the corner.
Regal Funds Management increased its stake in Nickel Mines (ASX: NIC) to 8.27 per cent, putting a further $1.2 million into the company.
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
Spectrum Metals | SPX | $62.0M | Anthony Barton | 8.50% | Increasing |
Revasum | RVS | $46.2M | IOOF | 13.42% | Increasing |
Cycliq | CYQ | $1.9M | Merchant Funds Management | 18.99% | Increasing |
Orcoda | ODA | $18.4M | Alium Alpha Fund | 15.24% | Increasing |
Ausmex Mining Group | AMG | $64.9M | Wayne McCrae | 22.98% | Increasing |
Xanadu Mines | XAM | $37.2M | CAAF | 23.87% | Increasing |
Reffind | RFN | $1.8M | Rookesbury | 5.66% | Becoming |
Auroch Minerals | AOU | $8.7M | MIMO Strategies | 9.94% | Increasing |
Hills Ltd | HIL | $45.2M | Merchant Funds Management | 8.77% | Increasing |
AuStar Gold | AUL | $10.2M | Paul McNally | 12.52% | Increasing |
Salmat | SLM | $99.8M | Samuel Terry Asset Management | 6.90% | Increasing |
ParaZero | PRZ | $5.3M | Meah Plus Maarchot Betichot | 14.85% | Increasing |
Pacific American Holdings | PAK | $6.1M | Michael Antoska | 5.51% | Becoming |
Citadel Group | CGL | $219.2M | Montgomery Investment Management | 5.03% | Becoming |
Byron Energy | BYE | $170.4M | Metgasco | 7.14% | Increasing |
Tando Resources | TNO | $16.2M | Kumane Investments | 12.78% | Becoming |
Tando Resources | TNO | $16.2M | AMA Cas Props | 7.75% | Becoming |
Kogan | KGN | $466.8M | Challenger | 7.65% | Increasing |
Nickel Mines | NIC | $846.7M | Regal Funds Management | 8.43% | Increasing |
Sportshero | SHO | $19.5M | IPV Capital | 5.72% | Becoming |
Beacon Minerals | BCN | $80.4M | Graham McGarry | 9.29% | Increasing |
Viva Leisure | VVA | $59.4M | Bennelong Investment partners | 8.27% | Becoming |
Carnavale Resources | CAV | $4.5M | Vienna Holdings | 8.53% | Increasing |
Genex Power | GNX | $102.5M | Asia Ecoenergy | 8.88% | Increasing |
Yandal Resources | YRL | $9.1M | Datt Group | 7.26% | Becoming |
Silver Chef | SIV | $28.7M | Luke Trickett | 13.69% | Increasing |
County International | CCJ | $1.5M | Robert Cameron | 5.83% | Becoming |
Sunland Group | SDG | $241.1M | Phoenix Portfolios | 5.12% | Becoming |
Sun Resources | SUR | $1.9M | Ribblesdale Super Fund | 6.35% | Becoming |
Jervois Mining | JRV | $148.6M | AustralianSuper | 5.93% | Becoming |
CommsChoice | CCG | $7.1M | Greig & Harrison | 12.67% | Becoming |
Cassini Resources | CZI | $39.9M | Sufan Siauw an Lusmiati Marsudidjaja | 5.12% | Becoming |
Speedcast | SDA | $467.5M | IOOF | 12.48% | Increasing |
CV Check | CV1 | $51.9M | Bernard Stephens | 6.92% | Increasing |
Straker Translations | STG | $110.1M | SkyOne Capital | 8.53% | Increasing |
Elsight | ELS | $35.5M | Li Kwok Po David | 6.25% | Becoming |
Remember Family Zone (ASX: FZO), that company which has a thing or two to say about mobile phone bans in schools? Regal Funds Management ceased to be a substantial holder, now only holding 4.7 per cent. It did similarly with lithium explorer Ardiden (ASX: ADV), and now holds a 4.85 per cent stake.
Perpetual decreased its stake in Shaver Shop (ASX: SSG) to 13.28 per cent and Challenger completely sold out of Speedcast (ASX: SDA).
As we covered a few weeks ago, SDA crashed to a record low after an earnings downgrade. Other holders, such as UK hedge fund Portsea Asset Management, responded by buying more despite losing tens of millions.
Challenger, however, sold out last Friday – to the tune of $41 million.
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Imagion Biosystems | IBX | $15.2M | Kemper Shaw | 9.82% | Decreasing |
8IP Emerging Companies | 8EC | $33.4M | Aurora Funds Management | 13.32% | Decreasing |
Auroch Minerals | AOU | $8.7M | MIMO Strategies | 9.94% | Decreasing |
Family Zone | FZO | $47.2M | Regal Funds Management | 4.71% | Ceasing |
Imagion Biosystems | IBX | $15.2M | William Taylor | 6.70% | Decreasing |
Renascor Resources | RNU | $19.6M | Kabinnge Super Fund | 11.62% | Decreasing |
Nelson Resources | NES | $2.4M | Metals X | 7.35% | Decreasing |
Droneshield | DRO | $46.4M | Brian Hearing | 4.95% | Ceasing |
Hazer Group | HZR | $33.1M | Geoff Pocock | 4.93% | Ceasing |
Impedimed | IPD | $73.5M | Kinetic Investment Partners | 3.61% | Ceasing |
Ardiden | ADV | $5.1M | Regal Funds Management | 4.85% | Ceasing |
Imdex | IMD | $509.5M | IOOF | 6.69% | Decreasing |
Speedcast | SDA | $467.5M | Challenger | 0% | Ceasing |
Connexion Telematics | CXZ | $19.6M | Lucerne Group | 19.99% | Decreasing |
Shaver Shop Group | SSG | $57.7M | Perpetual | 13.28% | Decreasing |
WhiteHawk | WHK | $15.3M | RiverFort Global Opportunities | 4.99% | Ceasing |