Director Trades: Mining entrepreneur Tolga Kumova buys more New Century
Well-known mining entrepreneur and New Century Resources (ASX:NCZ) director Tolga Kumova has bought another sizeable chunk of the company he helped take to market.
Mr Kumova bought another 100,000 shares for $112,507.
In May he spent a total of $1.4 million on shares in the company.
The new boss of appliance rental business Thorn Group (ASX:TGA) put a cool million into the business last week, after a case brought against its subsidiaries by ASIC was resolved.
Tim Luce, managing director and CEO since February, bought 1.2 million shares for $1 million. It was his first purchase of Thorn shares.
Thorn’s subsidiary was ordered to pay a total $22.1 million in fines, fees and refunds after the Federal Court found it had lent to people without first finding out if they could pay.
Fiji-focused Dome Gold Mines (ASX:DME) director Tadao Tsubata splurged $4 million on shares just as a major shareholder sold down.
Mr Tsubata bought 20 million shares at 20c a piece, meaning he now owns 47 million shares in the company or 18 per cent.
It came exactly a week before Precious Tori, a company with little information available about it bar an address at a serviced office building in central Hong Kong, pulled half of its investment in Dome.
Precious Tori became a substantial shareholder in January, sold out in March, and bought back in during May to hold 13.24 per cent.
Then on Friday they sold $4 million worth of shares to sit at 5.8 per cent of the register.
Incoming CEO of vet chain Greencross (ASX:GXL) Timothy Hickey also bought his first stake in the company.
He spent $249,881 on 58,112 shares.
Over at homeswares retaile Adairs (ASX:ADH) another big seller appeared.
Ex-CEO and managing director David Maclean sold $3.67 million of stock on-market.
That’s 1.6 million shares, leaving him with 3 million.
Last week director Trent Peterson sold $25.3 million of shares from his company Catalyst to a new investor.
Last month Adairs upgrade its FY18 earnings guidance due to sales growth in the second half “and in particular over the last two months as customers have responded well to the autumn and winter range”.
Meanwhile Alan Davies, the former Rio Tinto exec removed last year following a controversial multi-million deal concerning an iron ore project in Guinea, moved a big chunk of shares in his new company Global Geosciences (ASX:GSC).
Mr Davies joined the Sydney-based explorer six months after he was stood down by Rio.
He moved $212,980 of shares out of his name into his super fund.