The CEO of marketing consulting group Trimantium GrowthOps (ASX:TGO) Paul Mansfield just became a major stakeholder in the company, in a trade that actually sees him poorer by about $8000.

He bought 17m shares for $17m from Forci Alternative Strategies, giving him 13 per cent of the company and reducing the seller below the substantial shareholder threshold.

Managing director Phillip Kingston also bought last week, but it was a minor $1.8m compared to his buddy’s buy.

Both men bought the stock at $1 a share in the off market trades. The stock was trading under 50c all last week and hit all time lows of 45c on Friday.

If they’d been able to buy that stock on market the day the trade went through, they’d have got it for $7.65m and $823,070 respectively.

“I’m a huge believer in the future of the company, and an off-market trade is the only pathway to take a large position given the lack of liquidity,” Mr Mansfield said.

He didn’t say before deadline why he bought in at twice the price, but a spokeswoman later said “as you’d know, an off market trade is a negotiated price” so he had to pay double.

Directors at ApplyDirect (ASX:AD1) and lender Resimac (ASX:RMC) bagged second and third prize, respectively, in the high roller stakes.

Job board ApplyDirect director Mike Norster (who has more of a background in renewable energy and telecoms than internet services) now owns 40 per cent of the company after it bought his company Utility Software Services.

He already was the company’s largest investor with only 11 per cent.

On paper it looks like Resimac director Duncan Saville reinvested $2.5m worth of dividends into the non-bank lender.

In reality, Mr Saville is the boss of investor Ingot Capital Management which owns 63 per cent of Resimac. He’s got a board seat as representative for that stake, but the proceeds of those dividends go to Ingot’s investors, not him.

Liontown Resources (ASX:LTR) chairman bought into a cap raise not enough to maintain his 20+ per cent stake. He bought just over $900,000 of stock in the $7.9m raising to fund their WA lithium projects but his interest dropped to 19 per cent anyway.

New Zealand jeweller Michael Hill (ASX:MHJ) has struggled with the transition to online or ‘omnichannel’ selling, but the half year results last month indicate they may have turned a corner.

So that means, surely, it’s time to buy? So thinks director Rob Fyfe, former Air NZ boss, Icebreaker chair, and Antarctica New Zealand director.

He bought $NZ525,000 ($502,000) of stock on market, doubling his stake in the company.

There were five other $100,000-plus purchases last week:

Code Company Director Change Date Volume $ What Total holdings controlled
MHJ Michael Hill Robert Fyfe Buy 20 March 763,640 $502,621 On market 1,513,640
AD1 ApplyDirect Michael Norster Buy 22 March 107,270,254 $2,896,297 Capital raising 127,060,887
RMC Resimac Group Duncan Saville Buy 25 March 5,119,342 $2,488,000 Dividend Reinvestment plan 253,913,646
LTR Liontown Resources Timothy Goyder Buy 22 March 45,236,998 $904,740 Capital raising 262,565,896
HLA Healthia Glen Richards Buy 22 March 300,090 $270,081 On market 4629659
ACF Acrow Formwork and Construction Srvc Peter Lancken Buy 20-22 March 280,269 $203,676 On market 6,305,662
EZL Euroz Robert Black Buy 26 March 100,000 $114,000 On market 4,200,000
AJM Altura Mining James Brown Buy 26 March 770000 $100,000 Capital raising 30088301
PAA PharmAust Roger Aston Buy 26 March 4,298,519 $107,462 Capital raising 15,044,815
TGO Trimantium GrowthOps Phillip Kingston Buy 29 March 1,829,045 $1,829,045 Off market 27,599,751
TGO Trimantium GrowthOps Paul Mansfield Buy 29 March 17,000,000 $17,000,000 Off market 18, 238, 450