Director Trades: Who’s buying and who’s selling?
Director Trades
Director Trades
Here’s our weekly look at which ASX small cap directors bought or sold their own stock:
Three small cap directors reported sales last week: Jumbo Interactive chief Mike Veverka, Terry Dodd at Sealink Travel and Envirosuite boss Robin Ormerod.
Jumbo runs lotteries and Mr Veverka must have felt like he’d won one after collecting a $1 million payday.
He exercised 150,000 options, paying $4 for each new share, and then sold 260,000 shares for $6.39.
>> Scroll down for a table of recent ASX small cap director trades
Mr Ormerod agreed to part with $350,000 of stock to two of his colleagues.
Envirosuite directors had a dabble last week after producing annual results that included a 72 per cent drop in revenue to $4.5 million and a wider loss.
Envirosuite last year sold a consulting division that made 80 per cent of its money to focus on environmental management software. They reckon they’re doing ok, hitting a $3 million recurring revenue target.
The stock surged in July to 10c as the company revealed a $10 million investment from institutional investors.
Mr Dodd’s latest sale was of 49,777 shares. It’s the fifth time he’s sold since 2016 (he’s bought once in that period) and it finally takes him out of the substantial shareholder register.
He has made a total of $2.9 million over the last two years.
Buyers
The most active mining executive in director trades was back: Reward Mineral’s Michael Ruane spent $1.5 million in a rights issue.
Last week Mr Ruane told Stockhead there was no major reason behind his constant buying other than a belief that the potash play’s stock is cheap.
Printer equipment seller CSG’s Tom Cowan and Mark Baylis also sank a fair chunk of cash into a cap raise, spending $1.2 million and $210,227 respectively on an $18 million rights issue.
The raising was to recapitalise the company after falling printer sales led to a company-wide strategic review.
The company’s full year loss blew out by 65 per cent to $105 million and it has $62.5 in cash and debt available.
Matador Mining director Grant Davey was trading again. He lifted his stake in the company to 2.7 million. A few weeks ago he received a $9.5 million windfall at one of his other companies, Boss Resources, when he sold to institutional investors.
There were somer ten other large trades above $100,000 last week.
Among those, the only people to buy on market were Valmec’s Stephen Zurhaar, PolyNovo’s Bruce Rathie, Collection House’s Leigh Berkley and Thorney Opportunity fund boss Alex Waislitz.
Mr Waislitz owns 29 per cent of the listed fund after topping up last week.
Indago Energy’s Stephen Mitchell, Otto Energy’s John Jetter, and Bronwyn Barnes, chairperson of Indiana Resources, bought into capital raisings.
Ms Barnes fought off a disgruntled shareholder late last year to turn the company into a Mali-focused gold explorer this year.
The chairman of global water tech business Fluence, Richard Irving, and Jervois Mining director Stephen van der Sluys exercised options to bump up their shareholdings.
Administrative oversights
It being the final week of reporting season, we only picked up one “administative oversight” last week.
Copper Strike (ASX:CSE) offere “administrative oversight” as the reason for director Harry Hatch’s notice being lodged a month late.
“The company notes that the notice was not lodged within the requisite time frame due to an administrative oversight,” Copper Strike said in an ASX announcement. “The notice was prepared and lodged as soon as practicable once the company became aware of the oversight.”
Copper Strike’s only asset is a shareholding in Syrah Resources.
Here is a list of recent ASX small cap director trades:
Swipe or scroll to reveal the full table. Click on headings to sort. Best viewed on a desktop or laptop
ASX code | Company | Director | Change | Date | Volume | $ Value | Where | Total holdings controlled |
---|---|---|---|---|---|---|---|---|
SRG | SRG | David Macgeorge | Buy | August 22 | 2.3m | 0 | Convert performance rights | 3.6m |
LEX | Lefroy Exploration | Gordon Galt | Buy | August 23 | 200,000 | 32000 | Share placement | 2.9m |
LEX | Lefroy Exploration | Wade Johnson | Buy | August 23 | 350,000 | 56000 | Share placement | 6.7m |
LEX | Lefroy Exploration | Geoffrey Pigott | Buy | August 23 | 250,000 | 40000 | Share placement | 2.9m |
CL1 | Class | Christopher Cuffe | Buy | August 22 | 20,000 | 43883 | On market | 30,000 |
EML | EML Payments | Melanie Wilson | Buy | August 22 | 40,000 | 71960 | On market | 40,000 |
GTE | Great Western Exploration | Kevin Somes | Buy | August 20 and 21 | 5.1m | 36184 | On market | 59.3m |
IDA | Indiana Resources | Bronwyn Barnes | Buy | August 21 | 1.7m | $105,121 | Entitlement offer | 4.4m |
INK | Indago Energy | Stephen Mitchell | Buy | August 17 | 1.8m | 133200 | Rights issue | 9.9m |
MRL | Mayur Resources | Paul Mulder | Buy | August 24 | 8,505 | 5598 | On market | 50.3m |
ORN | Orion Minerals | Denis Waddell | Buy | August 23 | 6.8m | 250000 | Approved by shareholders | 109.7m |
PGM | Platina Resources | John Anderson | Buy | August 24 | 104,340 | 11999 | On market | 104,340 |
PNV | PolyNovo | Bruce Rathie | Buy | August 24 | 318265 | 170812 | On market | 3.1m |
RWD | Reward Minerals | Michael Ruane | Buy | August 24 | 8.3m | $1.5m | Rights issue | 58.6m |
SVS | Sunvest Corporation | Bruce Burrell | Buy | August 23 | 1333 | 359 | On market | 299,201 |
SXY | Senex Energy | Ralph Craven | Buy | August 22 | 34,000 | 15810 | On market | 355,000 |
SXY | Senex Energy | Trevor Bourne | Buy | August 22 | 50,000 | 22750 | On market | 502,619 |
TNG | TNG | Greg Durack | Buy | August 23 | 300,000 | 39042 | On market | 300,000 |
UBN | Urbanise.com | Johan Strauss | Buy | August 26 | 1.61m | 47978 | On market | 1.61m |
TRM | Truscott Mining | Peter Smith | Buy | August 22 and 24 | 55,000 | 896 | On market | 31.7m |
TOP | Thorney Opportunities | Alex Waislitz | Buy | August 20 | 231,596 | $155,864 | On market | 59.3m |
CYG | Coventry Group | Neil Cathie | Buy | August 27 | 18,865 | 25524 | On market | 256,823 |
EAR | Echo Resources | Simon Coxhell | Buy | August 22-24 | 137,931 | 20000 | On market | 217,931 |
EVS | Envirosuite | Robin Ormerod | Sell | August 28 | 4.8m | 360000 | Off market | 46.5m |
EVS | Envirosuite | David Johnstone | Buy | August 28 | 1.345m | 100875 | Off market | 3.1m |
EVS | Envirosuite | Adam Gallagher | Buy | August 28 | 250,000 | 18750 | Off market | 602,941 |
FGF | First Growth Funds | Annosh Manzoori | Buy | August 28 | 45m | 0 | Milestone shares | 60m |
GCS | Global Construction Services | Vincenzo Gullotti | Buy | August 27 | 1.35m | 0 | Convert performance rights | 5.9m |
MCP | McPherson's | Graham Cubbin | Buy | August 24 and 27 | 50,000 | 83041 | On market | 200,000 |
RAC | Race Oncology | Peter Molloy | Buy | August 27 | 45,000 | 6373 | On market | 4.165m |
AGE | Alligator Energy | Gregory Hall | Buy | August 28 | 600,000 | 6021 | On market | 3.1m |
CAI | Calidus Resources | David Reeves | Buy | August 28 | 2m | 67061 | On market | 16.5m |
CGS | Cogstate | Richard Mohs | Buy | August 24 | 25,000 | 18100 | On market | 55,000 |
CLH | Collection House | Anthony Rivas | Buy | August 28 | 3000 | 4400 | On market | 6690 |
CLH | Collection House | Leigh Berkley | Buy | August 28 | 67,500 | 101256 | On market | 71,200 |
DEV | Devex Resources | Richard Hacker | Buy | August 24 | 900,000 | 5400 | On market | 10m |
DEV | Devex Resources | Tim Goyder | Buy | August 24-27 | 6.3m | 37412 | On market | 269.3m |
FLC | Fluence Corp | Richard Irving | Buy | August 27 | 1m | 350000 | Exercise options | 37.3m |
HGL | HGL | Julian Constable | Buy | August 28 | 8118 | 3409 | On market | 6.6m |
MEA | McGrath | Andrew Robinson | Buy | August 23 | 52,631 | 19999 | On market | 52,631 |
MYE | Mastermyne Group | Julie Whitcombe | Buy | August 23 | 32,000 | 44000 | On market | 32,000 |
,ZZ | Matador Mining | Grant Davey | Buy | August 22-29 | 1.12m | 303727 | On and off market | 2.7m |
IME | ImExHS | Howard Digby | Buy | August 28 | 6m | 25000 | Fees and capital raising | 7.6m |
POS | Poseidon Nickel | Chris Indemaur | Buy | August 24 | 19.1m | 0 | Convert performance rights | 24.2m |
POS | Poseidon Nickel | David Singleton | Buy | August 24 | 3.7m | 0 | Convert performance rights | 12.6m |
SIL | Smiles Inclusive | David Herlihy | Buy | August 27 and 28 | 24,750 | 23160 | On market | 524,750 |
TPW | Temple & Webster | Conrad Yiu | Buy | August 27 | 50,841 | 49976 | On market | 6.1m |
VMX | Valmec | Stephen Zurhaar | Buy | August 28 | 641,680 | $173,026 | On market | 18.6m |
XAM | Xanadu Mines | Andrew Stewart | Buy | August 27 | 137,000 | 19865 | On market | 4.3m |
XAM | Xanadu Mines | Daryl Clark | Buy | August 23 | 200,000 | 25000 | On market | 1.9m |
A3D | Aurora Labs | Mel Ashton | Buy | August 30 | 50,000 | 19581 | On market | 50,000 |
AD8 | Audinate Group | Alison Legder | Buy | August 29 | 1500 | 5849 | On market | 1500 |
AGI | Ainsworth Game Technology | Daniel Gladstone | Buy | August 30 | 30,000 | 34500 | On market | 82,868 |
AIR | Astivita | Lez Mizikovsky | Buy | August 29 | 26,731 | 1737 | On market | 37.7m |
AXP | AirXpanders | Zita Peach | Buy | August 30 | 78,125 | 5859 | Rights issue | 151,458 |
CSV | CSG | Robin Low | Buy | August 27 | 95,238 | 20097 | On market | 252,338 |
CSV | CSG | Mark Bayliss | Buy | August 27 | 1.1m | 210227 | Rights issue | 5.1m |
CSV | CSG | Tom Cowan | Buy | August 27 | 6.5m | $1.2m | Rights issue | 31.5m |
JIN | Jumbo Interactive | Mike Veverka | Buy | August 24 | 150,000 | 600000 | Exercise options | 9.9m |
JIN | Jumbo Interactive | Mike Veverka | Sell | August 29 | 260,000 | $1.7m | On market | 9.7m |
JRV | Jervois Mining | Stephen van der Sluys | Buy | August 29 | 2.5m | 200000 | Exercise options | 4.6m |
OEL | Otto Energy | John Jetter | Buy | August 29 | 2.2m | 127481 | Entitlement offer | 21.6m |
OEL | Otto Energy | Matthew Allen | Buy | August 29 | 766,667 | 45233 | Entitlement offer | 7.7m |
OEL | Otto Energy | Ian Macliver | Buy | August 29 | 600,763 | 35445 | Entitlement offer | 6m |
OEL | Otto Energy | Ian Boserio | Buy | August 29 | 230,397 | $13,593 | Entitlement offer | 2.8m |
OEL | Otto Energy | Paul Senycia | Buy | August 29 | 361,310 | 21317 | Entitlement offer | 3.6m |
PNV | PolyNovo | David McQuillan | Buy | August 28 | 162,000 | 86860 | On market | 1.2m |
PPC | Peet | Brendan Gore | Buy | August 30 | 288,589 | 0 | Convert performance rights | 3.5m |
RAC | Race Oncology | William Garner | Buy | August 28 | 50,000 | 7184 | On market | 25.2m |
CSE | Copper Strike | Harry Hatch | Buy | July 16 | 4590 | 918 | On market | 23.1m |
EOL | Energy One | Shaun Ankers | Buy | August 31 | 100,000 | 0 | Convert performance rights | 692,500 |