Here’s our weekly look at which ASX small cap directors bought or sold their own stock (August 6-10):
More than a dozen heavy hitters reported trades bigger than $100,000 last week.
Who’s selling
Mark Lawrenson — who goes by his middle name, Cliff — did well in the Atlas Iron (ASX:AGO) takeover, making almost $5 million from the sale of his shares to Australia’s richest woman, Gina Rinehart.
Mr Lawrenson’s boardroom buddy Cheryl Edwards made $8740 from the takeover.
Ms Edwardes, a former Attorney General for WA, also heads the board of Croplogic (ASX:CLI) and the West Australian Football Commission.
The only real sale last week was IOT Group’s (ASX:IOT) Sean Neylon, who sold 11.7 million shares for $23,334.
The sale represented 26 per cent of his total holdings.
>> Scroll down for a table of all the small cap trades reported until 5pm Friday last week.
Who’s buying
The other big hitters were all spending as part of corporate share purchase plans or capital raisings.
The largest on-market trade was by OBJ (ASX:OBJ) director Steven Schapera. He bought $71,000 of shares which makes his total holding worth about $226,000.
OBJ is a biotech researcher but it works in a particularly interesting area: using magnetic fields to control how drugs are introduced to the body.
While Mr Schapera is strongly backing the business — this is this third on-market buy in four months — the shares have been in decline for the past two years.
Anthony Leibowitz watch
If Ensurance’s (ASX:ENA) Anthony Leibowitz isn’t supporting a capital raising, he’s buying in.
The chairman is the insurance underwriter’s biggest champion, investing nine times this year.
He owns 38 per cent of Ensurance.
Mr Leibowitz was an early investor in Pilbara Minerals (ASX:PLS) and chairman of recruiter Chandler Macleod.
Touching base with Reward Minerals
The last time we touched base with Reward Minerals (ASX:RWD), in July, the first director since 2016 who wasn’t Michael Ruane had bought in.
But Mr Ruane is back, reporting his 72nd trade in the company last week. His stake is sitting at 26 per cent after a rights issue in July — he had briefly owned 30 per cent of the company.
Multi-buys
Only one of miner Terracom’s (ASX:TER) seven directors didn’t report a trade last week — but the company also copped its second ‘please explain’.
Director Matthew Hunter made two trades in May, included in the total in the table below, for 100,000 shares.
“The non-disclosure of the Appendix 3Y in May 2018, as required under listing rule 3.19A, was an administrative oversight of the company secretary,” Terracom said in an ASX announcement. “Matthew provided the company secretary with the details of these share purchases within the required time frame as required under listing rule 3.19B.
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This follows an ASX announcement on August 2 where Terracom explained why it let independent director James Soorley trade in a closed period.
“Mr Soorley, nor the board of directors, were not in possession of any material price sensitive information at the time of requesting clearance and acquiring shares, the chairman, after making reasonable enquiries, provided written clearance,” it told the ASX.
Pro-Pac Packaging (ASX:PPG) also noted the “late advice” about Rupert Harrington’s May trade last week due to “an inadvertent oversight”.
And finally, Neil Biddle at Spitfire Materials (ASX:SPI) is active again.
Mr Biddle wants to get to 20 million shares in the company he joined after Spitfire bought Admiral Gold in march last year.
Mr Biddle founded Pilbara Minerals, so he knows a thing or two about a promising miner.
ASX code | Company | Director | Change | Date | Volume | $ | Where | Total holdings controlled |
---|---|---|---|---|---|---|---|---|
AS1 | Angel Seafood | Timothy Goldsmith | Buy | August 1 and 2 | 200,000 | 27560 | On market | 3.44m |
ASP | Aspermont Ltd | Geoff Donohue | Buy | August 3 | 2.3 million | 25000 | Salary sacrifice share plan | 42.2m |
AZM | Azumah Resources | Debra Bakker | Buy | August 3 | 400,000 | 10400 | On market | 400,000 |
BXN | Bioxyne | Anthony Ho | Buy | August 2 | 300,000 | 12780 | On market | 26m |
ENA | Ensurance | Anthony Leibowitz | Buy | August 3 | 598,912 | 22788 | On market | 58.8m |
GBZ | GBM Resources | Peter Thompson | Buy | August 6 | 3 million | 150000 | Share purchase plan | 14.2m |
GBZ | GBM Resources | Neil Norris | Buy | August 6 | 3 million | 150000 | Share purchase plan | 14.1m |
GBZ | GBM Resources | Hun Seng Tan | Buy | August 6 | 3 million | 150000 | Share purchase plan | 21.7m |
HLX | Helix Resources | Timothy Kennedy | Buy | August 3 | 300,000 | 10200 | On market | 3.3m |
KOV | Korvest | Graeme Billings | Buy | August 1 | 8000 | 20800 | On market | 8,667 |
SCI | Silver City Minerals | Robert Besley | Buy | August 3 | 310,109 | 9179 | On market | 3m |
SPI | Spitfire Materials | Neil Biddle | Buy | August 2 | 500,000 | 40123 | On market | 17.7m |
TER | Terracom | Phillip Forrest | Buy | August 3 | 50,000 | 24250 | On market | 1.1m |
UOS | United Overseas Australia | Kong Pak LIm | Buy | July 30 | 441,346 | 300115 | Off market | 791.5m |
WCN | White Cliff Minerals | Todd Hibberd | Disposed | August 6 | 86.5 million | 0 | Rights cancelled | 76m |
YOW | Yowie Group | Mark Schuessler | Buy | August 3 | 600,000 | 50400 | Performance rights conversion | 942,428 |
AGO | Atlas Iron | Cheryl Edwards | Sold | August 3 | 208,100 | 8740 | Accept takeover offer | 0 |
AGO | Atlas Iron | Mark Lawrenson | Sold | August 3 | 117 million | 4914599 | Accept takeover offer | 0 |
AME | Alto Metals | Terry Streeter | Buy | August 1 | 500,000 | 5247 | On market | 1.55m |
AUR | Auris Minerals | Robert Martin | Buy | August 3 and 6 | 500,000 | 34999 | On market | 31.2m |
COB | Cobalt Blue | Hugh Keller | Buy | August 6 | 10,020 | 4161 | On market | 755,000 |
DCN | Dacian Gold | Rohan Williams | Buy | August 3 and 7 | 205,555 | 14,998 | Exercised performance rights and share purchase plan | 8.3m |
DCN | Dacian Gold | Robert Reynolds | Buy | August 3 | 5555 | 14998 | Share purchase plan | 2.7m |
DCN | Dacian Gold | Ian Cochrane | Buy | August 3 | 5555 | 14998 | Share purchase plan | 265,295 |
FEL | FE | Antony Sage | Buy | August 6 | 2.5 million | 50000 | Off market | 6.4m |
KIS | King Island Scheelite | Johann Jacobs | Buy | August 1 | 1.4 million | 77104 | Rights offer | 3.9m |
KIS | King Island Scheelite | Christopher Ellis | Buy | August 1 | 6.4 million | 356844 | Rights offer | 58.6m |
KIS | King Island Scheelite | Allan Davies | Buy | August 1 | 442,949 | 24362 | Rights offer | 7.5m |
MDX | Mindax | Benjamin Chow | Buy | August 7 | 10 million | 50000 | Shares issued at AGM | 10.196m |
TER | Terracom | James Soorley | Buy | August 3 | 100,000 | 47000 | On market | 592,000 |
TER | Terracom | Wallace King | Buy | August 3 | 102,000 | 49874 | On market | 1.1m |
UOS | United Overseas Australia | Kong Chong Soon | Buy | August 7 | 257,955 | 162859 | Off market | 1b |
CLL | Collerina Cobalt | Rimas Kairaitis | Buy | August 6 | 30,000 | 2400 | Rights offer | 330,000 |
CLL | Collerina Cobalt | Peter Nightingale | Buy | August 6 | 1.2 million | 99000 | Rights offer | 13.6m |
CLL | Collerina Cobalt | Normal Seckold | Buy | August 6 | 6.1 million | 489391 | Rights offer | 67.3m |
CLL | Collerina Cobalt | Anthony Segro | Buy | August 6 | 14,118 | 1129 | Rights offer | 155,297 |
CLL | Collerina Cobalt | Justin Werner | Buy | August 6 | 665,167 | 53213 | Rights offer | 7.3m |
HMX | Hammer Metals | Russel Davies | Buy | August 7 | 500,000 | 9500 | On market | 11m |
KNO | Knosys | Alan Stockdale | Buy | August 7 | 250,000 | 17500 | Rights offer | 250,000 |
KNO | Knosys | Peter Pawlowsitch | Buy | August 7 | 331,578 | 23210 | Rights offer | 1.2m |
KNO | Knosys | Richard Levy | Buy | August 7 | 145,000 | 10150 | Rights offer | 10m |
PRU | Perseus Mining | Jeffery Quartermaine | Disposed | August 7 | 833,333 | 0 | Rights cancelled | 1m |
PRU | Perseus Mining | Colin Carson | Disposed | August 7 | 200,000 | 0 | Rights cancelled | 1.5m |
RCL | ReadCloud | Darren Hunter | Buy | August 8 | 687,500 | 0 | Converting performance rights | 6.3m |
TER | Terracom | Craig Wallace | Buy | August 6 | 10,200 | 4881 | On market | 10,200 |
THD | Thred | David Wheeler | Buy | August 2 | 25 million | 62500 | On market | 25m |
AME | Alto Metals | Dermot Ryan | Buy | August 6 | 26,851 | 1315 | On market | 6.9m |
BTH | Bigtincan | Wayne Stevenson | Buy | August 7 | 42,858 | 15000 | Share purchase plan | 342,858 |
BTH | Bigtincan | Thomas Amos | Buy | August 7 | 28,572 | 10000 | Share purchase plan | 371,033 |
M7T | Mach7 Technologies | Michael Jackman | Buy | August 3 and 6, and November 22, 2017 | 504,340 | 89811 | Converting performance rights and on market | 1.9m |
OBJ | OBJ | Steven Schapera | Buy | August 7 | 2.5 million | 70879 | On market | 8.1m |
TER | Terracom | Matthew Hunter | Buy | May 22 and 23, August 3, 6 and 7 | 500,000 | 33500 | On market | 1.1m |
TER | Terracom | Paul Anderson | Buy | August 9 | 100,000 | 47945 | On market | 55.9m |
WLC | Wollongong Coal | Milind Oza | Buy | August 6 | 397,892 | 3182 | On market | 1.4m |
PPG | Pro-Pac Packaging | Rupert Harrington | Buy | May 23 and August 6 | 82,151 | 31354 | Dividend reinvestment plan and share purchase plan | 1.7m |
JAT | JatEnergy | Anthony Crimmins | Buy | August 10 | 1 million | 100000 | Share placement | 40.5m |
DGH | Desane | Felice Montrone | Buy | August 7 | 1.3 million | 1355618 | Rights issue | 14.2m |
DGH | Desane | John Bartholomew | Buy | August 7 | 41,779 | 43867 | Rights issue | 672,635 |
DGH | Desane | Riccardo Montrone | Buy | August 7 | 12,414 | 13000 | Rights issue | 136,545 |
DGH | Desane | John Sheehan | Buy | August 7 | 13,522 | 14198 | Rights issue | 148,735 |
ENE | Enevis | Thomas Krulis | Buy | August 10 | 500,000 | 100000 | Shares approved by shareholders | 2.1m |
JAT | JatEnergy | Wilton Yao | Buy | August 10 | 1 million | 100000 | Share placement | 19.8m |
EZL | Euroz | Andrew McKenzie | Buy | August 9 | 100,000 | 115000 | On market | 12.6m |
KYK | Kyckr | Benny Higgins | Buy | August 10 | 1m | 140000 | Off market | 1m |
RWD | Reward Minerals | Michael Ruane | Buy | August 1 and 7 | 290,000 | 52137 | On market | 41.8m |
BGL | Bellevue Gold | Raymond Shorrocks | Buy | August 6 and 7 | 100,000 | 18000 | On market | 1.4m |
IOT | IOT Group | Sean Neylon | Sold | August 8 | 11.7m | 23334 | On market | 32.8m |
NMT | Neometals | Christopher Reed | Buy | August 10 | 835,339 | 0 | Issue of performance rights | 3.9m |
RHP | Rhipe | Dominic O'Hanlon | Buy | August 10 | 500,000 | 225000 | Exercise options | 4.8m |