Alloggio (ASX:ALO) spent much of its first week trading at a discount to its IPO price (Image via Getty)
Director Trades: Alloggio sunk on debut but one director quickly bought more shares on market
Director Trades
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Alloggio Group (ASX:ALO), didn’t have a positive debut on the ASX last week but that didn’t stop one director from buying more on market.
The holiday accommodation manager listed at 20 cents per share but fell as low as 15 cents on debut amidst fears over the Omicron variant.
However it is in stark contrast to this years’ other IPO in the “local holiday” space Camplify (ASX:CHL) which has more than doubled.
Just a couple of days after Alloggio’s debut, one of its directors John Murphy bought more shares on market – 1.15 million for $194,924.
This trade left him with a total of ~4.7 million shares, just under half of which are in escrow for the first couple of years of the company’s listed life.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| IMU | Imugene | Axel Hoos | Sell | 17 November | 10,000,000 | $565,000 | On market |
| SKY | Sky Metals | Norman Seckold | Buy | 19 November | 2,000,000 | $170,000 | On market |
| SEG | Sports Entertainment Group | Jodie Simm | Sell | 19 November | 400,000 | $100,000 | Off market |
| DDR | Dicker Data | Vladimir Mitnovetski | Sell | 22 November | 25,000 | $367,250 | On market |
| CLW | Charter Hall Long WALE REIT | David Harrison | Sell | 22 November | 190,000 | $919,600 | On market |
| AND | Andromeda Metals | James Marsh | Sell | 22 November | 730,000 | $120,450 | On market |
| SYA | Sayona Mining | Paul Crawford | Sell | 16 November | 2,500,000 | $400,000 | On market |
| MHJ | Michael Hill | Robert Fyfe | Buy | 23 November | 400,000 | $508,000 | On market |
| EM2 | Eagle Mountain Mining | Charles Bass | Buy | 23 November | 1,538,462 | $1,000,000 | Placement |
| MTR | Mont Royal Resources | Michael O'Keeffe | Buy | 25 November | 1,000,000 | $200,000 | Placement |
| NCM | Newcrest Mining | Sandeep Biswas | Sell | 22 November | 54,401 | $1,324,839 | On market |
| MVP | Medical Developments International | Gordon Naylor | Buy | 26 November | 62,000 | $306,280 | On market |
| TIE | Tietto Minerals | Caigen Wang | Sell | 22 November | 3,000,000 | $1,170,000 | Off market |
| TIE | Tietto Minerals | Francis Harper | Sell | 22 November | 1,000,000 | $390,000 | Off market |
| FGI | Future Generation | Geoff Wilson | Buy | 26 November | 174,524 | $245,042 | Dividend Reinvestment Plan |
| MFG | Magellan Financial | Colette Garnsey | Buy | 23 November | 28,710 | $999,969 | Share Purchase Plan |
| GES | Genesis Minerals | Tommy McKeith | Buy | 25 November | 3,750,000 | $225,000 | Placement |
| AMS | Atomos | Stephen Stanley | Buy | 23 November | 183,946 | $210,729 | On market |
| AMS | Atomos | Christopher Tait | Buy | 23 November | 100,000 | $118,196 | On market |
| BKW | Brickworks | Lindsay Partridge | Sell | 24 November | 25,000 | $591,500 | On market |
| ONT | 1300Smiles | Robert Jones | Sell | 1 December | 37,521 | $300,168 | Takeover |
| SOM | Somnomed | Gaetano Russo | Buy | 29 November | 217,000 | $499,100 | On market |
| COG | COG financial Services | Cameron McCullagh | Buy | 1 December | 3,068,746 | $4,142,807 | Placement & off market |
| HMY | Harmoney | David Stevens | Buy | 29 November | 73,200 | $134,619 | On market |
| NXL | Nuix | Sue Thomas | Buy | 1 December | 67,000 | $149,372 | On market |
| ADH | Adairs | Trent Peterson | Buy | 30 November | 135,000 | $496,843 | On market |
| LEP | Lepidico | Gary Johnson | Sell | 25 November | 6,500,000 | $302,901 | On market |
| LOV | Lovisa | Victor Herrero | Buy | 1 December | 49,800 | $1,000,901 | On market |
| ALO | Alloggio Group | John Murphy | Buy | 1 December | 1,150,000 | $194,925 | On market |
| PPE | People Infrastructure | Declan Sherman | Buy | 2 December | 1,500,000 | $6,000,000 | On market |
| VTG | Vita Group | Paul Mirabelle | Buy | 30 November | 625,000 | $250,000 | On market |
| EXP | Experience Co | Anthony Boucaut | Sell | 2 December | 10,000,000 | $3,100,000 | On market |
| MNY | Money 3 | Stuart Robertson | Buy | 2 December | 33,500 | $103,530 | On market |
| GUD | GUD Holdings | John Pollaers | Buy | 2 December | 9,050 | $101,153 | On market |
| GMG | Goodman Group | Greg Goodman | Buy | 2 December | 300,000 | $7,413,000 | On market |
| GLN | Galan Lithium | Daniel Jimenez | Sell | 3 December | 319,971 | $527,910 | On market |
| AFG | Australian Finance Group | Malcolm Watkins | Sell | 2 December | 1,000,000 | $2,630,000 | Off market |
| GLN | Galan Lithium | Chris Chalwell | Sell | 3 December | 659,020 | $1,086,471 | On market |
| VRC | Volt Resources | Asimwe Kabunga | Buy | 3 December | 28,000,000 | $700,000 | Placement |
| VR1 | Vection | Gianmarco and Lorenzo Biagi | Sell | 30 November | 15,000,000 | $3,000,000 | Off market |
Other buyers
Speaking of stocks going through tough times, another is Nuix (ASX:NXL) and it has hit the share price skids for the best part of 10 months, falling from nearly $12 in late January to little over $2 now.
Buying on market was Sue Thomas who bought $149,372 on market. She joined the company’s board just prior to listing but also is on the board of Temple & Webster (ASX:TPW) and was the founder of superannuation fund manager Flexiplan back in the 1990s which was snapped up by MLC before the end of that decade.
This week’s biggest buyer was Cameron McCullagh from COG Financial Services (ASX:COG) who chipped in over $4 million in a placement.
The one other seven-figure trade came from Eagle Mountain Mining’s (ASX:EM2) Charles Bass who bought $1 million in a placement in the US focused base and precious metals explorer.
Other resources sector trades included from Norman Seckold who bought $170,000 in Sky Metals (ASX:SKY), a NSW focused gold explorer.
Trent Peterson from homewares retailer Adairs (ASX:ADH) purchased just under $500,000 on market.
Colette Garnsey from financial services heavyweight Magellan Group (ASX:MFG) bought just under $1 million in a share purchase plan.
Sellers
Last week dental franchise 1300Smiles (ASX:ONT) was formally acquired resulting in all directors parting ways with all their shares.
Robert Jones was the only one who revealed how many shares he parted with as part of a 3Y Appendix – 37,521 at $8 per share. The rest submitted a 3Z notice (a disclosure of directors’ interests as they resign) before selling.
Daryl Holmes was left with 3.7 million shares but he would have only reaped $6.33 per share because the founders’ shares were agreed at a separate price. Nonetheless he would’ve netted over $23 million on that share price.
Still with takeovers, one set to occur in the next few weeks is ALE Property Group (ASX:LEP) by a consortium of which Charter Hall Long WALE REIT (ASX:CLW) is a part of, along with HostPlus.
Yet, CLW director David Harrison sold just over $900,000 of shares on market.
Two directors from goldie Tietto Minerals (ASX:TIE) sold shares off market – Caigen Wang sold $1.17 million while Paul Kitto and Francis Harper sold $390,000 each all of which were to institutional investors.
For the second fortnight in a row Newcrest (ASX:NCM) boss Sandeep Biswas sold shares – this time $1.3 million – to pay a tax bill accumulated as a result of shares being issued to him under the Employee Share Scheme.
Lorenzo and Gianmarco Biagi, directors of one of the few ASX stocks in the “metaverse”, Vection (ASX:VR1), sold an aggregate 15 million in shares as part of a selldown to institutional investors.
