In a five-week period while Australians were hoarding toilet paper, 76 directors bought $100,000 more of shares in their own company.

Six months later since the COVID-induced market crash, the majority of those directors have come out on top – 70 per cent (53 of the 76) have seen a return on their investment.

Code Company Director Change Date Volume $ What Price now Value
ASX ASX Rob Woods Buy 19-Feb 3,000 $245,000 On market 82.68 $ 248,040.00 $3,040 1%
CGL Citadel Group Mark McConnell Buy 19-Feb 104,600 $499,162 On market 5.58 $ 583,668.00 $84,506 17%
CGL Citadel Group Mark Mcconnell Buy 20-Feb 27,900 $125,429 On market 5.58 $ 155,682.00 $30,253 24%
PGH Pact Group Holdings Margaret Cattermole Buy 20-Feb 40,980 $100,001 On market 2.24 $ 91,795.20 ($8,206) -8%
OBM Ora Banda Mining Peter Mansell Buy 21-Feb 1,170,555 $198,994.35 On market 0.35 $ 409,694.25 $210,700 106%
BOE Boss Resources Peter O'Connor Buy 24-Feb 2,000,000 $114,359 On market 0.073 $ 146,000.00 $31,641 28%
BPL Broken Hill Prospecting Geoffrey Hill Buy 24-Feb 29,600,347 $444,005.21 Rights Issue 0.035 $ 1,036,012.15 $592,007 133%
FAR FAR Nicholas Limb Buy 24-Feb 10,000,000 $310,000 On market 0.011 $ 110,000.00 ($200,000) -65%
NEA Nearmap Susan Klose Buy 24-Feb 100,000 $184,703 On market 2.29 $ 229,000.00 $44,297 24%
PGH Pact Group Carmen Chua Buy 25-Feb 105,000 $102,000 On market 2.24 $ 235,200.00 $133,200 131%
PTB PTB Group Craig Baker Buy 25-Feb 434,783 $300,000 Rights Issue 0.74 $ 321,739.42 $21,739 7%
PTB PTB Group Andrew Kemp Buy 25-Feb 626,683 $432,411 Rights Issue 0.74 $ 463,745.42 $31,334 7%
PTB PTB Group Prince Gunasekara Buy 25-Feb 1,157,080 $798,385 Rights Issue 0.74 $ 856,239.20 $57,854 7%
SIQ Smartgroup Corporation Michael Carapiet Buy 25-Feb 100,000 $694,272 On market 5.72 $ 572,000.00 ($122,272) -18%
AV1 Adveritas Matthew Ratty Buy 26-Feb 1,470,589 $250,000 Placement 0.14 $ 205,882.46 ($44,118) -18%
AV1 Adveritas Mark Mcconnell Buy 26-Feb 1,470,589 $250,000 Placement 0.14 $ 205,882.46 ($44,118) -18%
MNF MNF Group Rene Sugo Buy 26-Feb 100,000 $420,000 On market 4.64 $ 464,000.00 $44,000 10%
SPZ Smart Parking Christopher Morris Buy 26-Feb 572,523 $104,739 On market 0.1 $ 57,252.30 ($47,487) -45%
SRV Servcorp Alfred Moufarrige Buy 26-Feb 200,000 $800,000 On market 2.44 $ 488,000.00 ($312,000) -39%
EVS Envirosuite Hugh Robertson Buy 27-Feb 8,000,000 $2,000,000 Placement 0.2 $ 1,600,000.00 ($400,000) -20%
KPG Kelly Partners Group Brett Kelly Buy 27-Feb 123,622 $112,759 On market 1.19 $ 147,110.18 $34,351 30%
KSL Kina Securities Greg Pawson Buy 27-Feb 134,229 $109,117 On market 0.74 $ 99,329.46 ($9,788) -9%
STX Strike Energy Neville Power Buy 27-Feb 2,000,000 $320,000 On market 0.26 $ 520,000.00 $200,000 63%
TLX Telix Pharmaceuticals Mark Nelson Buy 27-Feb 400,000 $576,000 On market 1.76 $ 704,000.00 $128,000 22%
ATL Apollo Tourism & Leisure Karl Trouchet Buy 28-Feb 674,114 $205,210 On market 0.26 $ 175,269.64 ($29,940) -15%
BFG Bell Financial Group Alistair Provan Buy 28-Feb 100,000 $113,000 On market 1.24 $ 124,000.00 $11,000 10%
OTW Over the Wire Michael Omeros Buy 28-Feb 52,000 $171,369 On market 4.09 $ 212,680.00 $41,311 24%
WPP WPP John Steedman Buy 28-Feb 320,000 $190,742 On market 0.34 $ 108,800.00 ($81,942) -43%
360 Life360 James Synge Buy 2-Mar 40,000 $103,700 On market 4.1 $ 164,000.00 $60,300 58%
AMA AMA Group Anthony Day Buy 2-Mar 200,000 $105,375 On market 0.63 $ 126,000.00 $20,625 20%
CCX City Chic Collective Michael Kay Buy 2-Mar 80,000 $240,229 On market 3.08 $ 246,400.00 $6,171 3%
PNV PolyNovo David Williams Buy 2-Mar 100,000 $221,000 On market 2.17 $ 217,000.00 ($4,000) -2%
KKO Kinetiko Energy Adam Sierakowski Buy 3-Mar 7,435,683 $148,714 Rights Issue 0.075 $ 557,676.23 $408,962 275%
KKO Kinetiko Energy Agapitos Michael Buy 3-Mar 5,000,000 $100,000 Rights Issue 0.075 $ 375,000.00 $275,000 275%
MYX Mayne Pharma Bruce Mathieson Buy 3-Mar 3,687,274 $1,170,433 On market 0.37 $ 1,364,291.38 $193,858 17%
OTW Over the Wire John Puttick Buy 3-Mar 32,965 $104,438 On market 4.09 $ 134,826.85 $30,389 29%
EAX Energy Action Murray Bleach Buy 6-Mar 2,000,000 $400,000 On market 0.22 $ 440,000.00 $40,000 10%
MNF MNF Group David Stewart Buy 6-Mar 50,000 $185,500 On market 4.64 $ 232,000.00 $46,500 25%
PSI PSC Insurance Group Brian Austin Buy 6-Mar 47,300 $135,856 On market 2.86 $ 135,278.00 ($578) 0%
SSG Shaver Shop Craig Mathieson Buy 6-Mar 160,000 $100,000 On market 0.84 $ 134,400.00 $34,400 34%
EM2 Eagle Mountain Mining Charles Bass Buy 9-Mar 5,000,000 $750,000 Placement 0.26 $ 1,300,000.00 $550,000 73%
AV1 Adveritas Mark McConnell Buy 9-Mar 1,063,360 $155,778 On market 0.14 $ 148,870.40 ($6,908) -4%
SIQ Smartgroup Timothy Looi Buy 9-Mar 35,000 $209,180 On market 5.73 $ 200,550.00 ($8,630) -4%
ACF Acrow Formwork & Construction Peter Lancken Buy 10-Mar 333,334 $100,000 Off market 0.34 $ 113,333.56 $13,334 13%
ANO Advance Nanotek Lev Mizikovsky Buy 10-Mar 324,889 $1,793,130 On market 3.39 $ 1,101,373.71 ($691,756) -39%
ADH Adairs Michael Butler Buy 11-Mar 120,000 $201,242 On market 3.2 $ 384,000.00 $182,758 91%
ALC Alcidion Group Katrina Doyle Buy 11-Mar 1,000,000 $137,500 On market 0.13 $ 130,000.00 ($7,500) -5%
MYX Mayne Pharma Bruce Mathieson Buy 11-Mar 3,112,726 $982,336 On market 0.37 $ 1,151,708.62 $169,373 17%
SSG Shaver Shop Trent Peterson Buy 11-Mar 200,000 $121,750 On market 0.84 $ 168,000.00 $46,250 38%
ABA Auswide Bank Martin Barrett Buy 12-Mar 53,950 $277,843 Off market 4.71 $ 254,104.50 ($23,739) -9%
ANO Advance Nanotek Lev Mizikovsky Buy 12-Mar 129,517 $490,724 On market 3.39 $ 439,062.63 ($51,661) -11%
AVA AVA Risk Group Michael McGeever Buy 12-Mar 1,000,000 $117,000 On market 0.35 $ 350,000.00 $233,000 199%
AX1 Accent Group Daniel Agostinelli Buy 12-Mar 100,000 $117,539 On market 1.54 $ 154,000.00 $36,461 31%
MME MoneyMe Scott Emery Buy 12-Mar 170,000 $198,165 On market 1.45 $ 246,500.00 $48,335 24%
PGH Pact Group Holdings Raphael Geminder Buy 12-Mar 7,756,875 $14,738,063 Off market 2.21 $17,142,693.75 $2,404,631 16%
PSI PSC Insurance Group Anthony Robinson Buy 12-Mar 40,000 $100,000 On market 2.86 $ 114,400.00 $14,400 14%
PSI PSC Insurance Group Paul Dwyer Buy 12-Mar 160,000 $400,000 On market 2.86 $ 457,600.00 $57,600 14%
SIQ Smartgroup John Prediville Buy 12-Mar 20,000 $110,000.00 On market 5.73 $ 114,600.00 $4,600 4%
ADH Adairs Trent Peterson Buy 13-Mar 100,000 $169,874 On market 3.2 $ 320,000.00 $150,126 88%
AX1 Accent Group Daniel Agostinelli Buy 13-Mar 100,000 $103,000 On market 1.54 $ 154,000.00 $51,000 50%
AX1 Accent Group Brett Blundy Buy 13-Mar 1,003,058 $1,021,268.38 On market 1.54 $ 1,544,709.32 $523,441 51%
PPE People Infrastructure Thomas Reardon Buy 13-Mar 100,000 $247,855 On market 2.81 $ 281,000.00 $33,145 13%
SFR Sandfire Resources Karl Simich Buy 13-Mar 50,300 $181,714 On market 4.25 $ 213,775.00 $32,061 18%
AMA AMA Group Simon Moore Buy 16-Mar 900,000 $320,220 On market 0.63 $ 567,000.00 $246,780 77%
GSN Great Southern Mining John Terpu Buy 16-Mar 9,000,000 $360,000 Off market 0.12 $ 1,080,000.00 $720,000 200%
RFF Rural Funds Trust Julian Widdup Buy 16-Mar 60,416 $103,311 On market 2.33 $ 140,769.28 $37,458 36%
KAR Karoon Energy Bruce Phillips Buy 17-Mar 1,250,000 $489,236 On market 0.76 $ 950,000.00 $460,764 94%
RFF Rural Funds Trust David Bryant Buy 17-Mar 143,000 $242,542 On market 2.33 $ 333,190.00 $90,648 37%
SRV Servcorp Alfred Moufarrige Buy 17-Mar 100,000 $300,000 On market 2.44 $ 244,000.00 ($56,000) -19%
DDR Dicker Data Vladimir Mitnovetski Buy 19-Mar 36,410 $173,076 On market 7.9 $ 287,639.00 $114,563 66%
CCP Credit Corp Don McLay Buy 17-Mar 25,000 $514,034 On market 16.23 $ 405,750.00 ($108,284) -21%
JLG John Lyng Group Scott Didier Buy 16-Mar 70,000 $147,877 On market 2.67 $ 186,900.00 $39,023 26%
PVE Po Valley Energy Kevin Bailey Buy 31-Jan 2,071,559 $107,228.00 On market 0.032 $ 66,289.89 ($40,938) -38%
DDR Dicker Data David Dicker Buy 19-Mar 50,000 $239,185 ON market 7.9 $ 395,000.00 $155,815 65%
OVT Ovato Michael Hannan Buy 23-Mar 21,000,000 $232,906 ON market 0.011 $ 231,000.00 ($1,906) -1%
PNV PolyNono David Williams Buy 23-Mar 100,000 $140,000.00 On market 2.17 $ 217,000.00 $77,000 55%

 

The biggest returns

Energy and resources stocks accounted for a significant proportion of the winners with retail following closely behind.

On a percentage basis the biggest return came from a pair of directors of South Africa-focused gas stock Kinetiko Energy (ASX:KKO). Agapitos Michael and Adam Sierakowski bought $100,000 and $148,714 respectively in the company’s rights issue back in March.

The company completed a high-resolution aeromagnetic survey on its flagship Amersfoort project after a lengthy hiatus of work on the project. Its contingent resource rose by 227 per cent from 1.5 trillion cubic feet to 4.9 trillion cubic feet.

The other director to net a gain of 200 per cent or better is Great Southern Mining’s (ASX:GSN) John Terpu off the back of exploration success at its Cox’s Find project.

Speaking of commodities, another March buyer was Peter O’Connor of uranium aspirant Boss Resources (ASX:BOE). After lagging for several years, uranium prices have risen in 2020.

While the company is waiting for the right prices to re-commence work at its Honeymoon project, it has approval to export more than 3mlb of uranium under the federal government’s Environment Protection (Impact of Proposals) Act.

It has recently managed to derive significant cost reductions by switching plans to an ion exchange process for mining that has lower energy costs.

Another notable energy player with directors on the link is Strike Energy (ASX:STX).

Last year, Strike and joint venture Warrego Energy (ASX:WGO) undertook a massively successful exploration campaign at West Eregulla – with the well springing forth 69 million standard cubic feet of gas.

By March, the stock had run out of puffbut it’s been regaining momentum in recent weeks as the next drilling campaign approaches.

Strike’s Neville Power bought $320,000 on the market and that is now worth $520,000 – 63 per cent higher.

 

Risk in retail reaps rewards

While other directors didn’t net as significant gains, others recorded gains that may not have been predicted as COVID-19 first broke out.

Many retailers had to move to online only and even then had to battle weak consumer sentiment.

Ultimately, the boredom of consumers ended up being a windfall for some niche retailers such as Shaver Shop (ASX:SSG).

Craig Mathieson and Trent Peterson both made $100,000 purchases back in March and netted returns over 30 per cent. Their company has benefited from hair-care hungry consumers being forced to DIY.

Peterson also sits on the board of online homewares retailer Adairs (ASX:ADH). He and his colleague Michael Butler made over 90 per cent returns on their on market investments six months ago.

Footware store owner Accent Group (ASX:AX1) also has provided a return for directors that backed the company six months ago. Daniel Agosteinelli and Brett Blundy both made 50 per cent returns.