Everyone was buying last week, from the smallest to the handful who chipped in more than $100,000 on their companies.

Hastings Technology Metals (ASX:HAS) director Charles Lew tried to backstop a very under-supported cap raise last week, buying $1m of a $16m raising.

  • Scroll down to check out who bought what (because no one was selling)>>>

The rare earths explorer only raised 15 per cent — $2.5m — from a rights issue, meaning it will be short $10m.

Devex Resources (ASX:DEV) is the company Barry FitzGerald reckons could have another Coronation Hill on its books, and clearly so does Perth mining identity Tim Goyder.

Goyder chairs the little uranium-copper-gold explorer and spent $243,653 in a capital raising last week.

Unlike Hastings, it got $1.19m over and above the $1.1m it was looking for to pay for the drilling program in West Arnhem, Northern Territory.

Goyder is one of the made men of Perth mining. He chairs Chalice Gold Mines (ASX:CHN), lithium play Liontown (ASX:LTR), and is a director of east coast gas explorer Strike Energy (ASX:STX) and PhosEnergy, an unlisted company developing energy tech that does things like recover uranium from phosphate fertiliser production.

If you’re *sure* they can’t go any lower…

Directors at Adslot (ASX:ADJ), a company that automates the buying and selling of display ads on the interwebs, went into an on-market buy frenzy just after the company finished a $4m cap raise for sophisticated investors.

Two spent over $100,000: Andrew Dyer, a Boston Consulting Group partner, and Andrew Barlow, the chairman and founder.

The company’s shares are near 52-week lows which means they’re also at 10-year lows.

In 2009 a company called Webfirm said it was merging with Adslot. The following year it was all done and the shares were off to a great start, with deals with Carsales.com.au and realestate.com.au being signed.

But it’s been a wild ride since then and not one that is proving very profitable for shareholders right now: Adslot posted a $4.3m half year loss, although a review of operations and a “significant cost cutting program” means it’s in a better place than it was a year ago.

The Russians are coming!

Dicker Data (ASX:DDR) COO Vladimir Mitnovetski bought $122,500 of stock on market. He’s no stranger to big buys, sinking $560,000 into the company at one point last year too.

But earlier this month the Australian software seller nabbed a partnership with Kaspersky Lab, the Russian company which is reputed to be the best cybersecurity supplier in the world.

Last week Kapersky Lab reported that mobile banking malware was on the rise and it had detected attacks on 300,000 users of its products in the first quarter.

In 2017 its software was banned from US government computers on suspicion it’d been used by Russian government hackers to obtain classified documents from a National Security Agency employee. The Australian government did not do the same.

Finishing on a high

Anthony Day, a director at automotive parts supplier AMA Group (ASX:AMA), invested $199,000 in an on-market purchase of shares in the company. He faced one of the perils of on-market buying: AMA shares are currently at 52-weeks highs.

And Sensera (ASX:SE1) director Allan Brackin went large in a $3m capital raising the company was running back in March, to basically keep the books in order.

Code Company Director Change Date Volume $ What Total holdings
HAS Hastings Technology Metals Foon Keong (Charles) Lew Buy 23 May 5,882,353 $1,000,000 Capital raising 103,289,155
DEV Devex Resources Tim Goyder Buy 20 May 6091333 $243,653 Capital raising 30769157
ADJ Adslot Andrew Dyer Buy 20 May 7,000,000 $175,000 On market 35,659,342
GUL Gullewa Anthony Howland-Rosa Buy 21 May 403,462 $131,000 On market 14,401,490
ADJ Adslot Andrew Barlow Buy 20 May 4,928,000 $123,200 On market 48,102,668
DDR Dicker Data Vladimir Mitnovetski Buy 23 May 25,000 $122,500 On market 628,713
AMA AMA Group Anthony Day Buy 17 May 100,000 $119,000 On market 100,000
SE1 Sensera Allan Brackin Buy 23 May 909091 $100,000 Capital raising 1909091
Wordpress Table Plugin

Featured Companies

You might be interested in