Directors’ Trades: A year on from COVID-19, who’s still eyeing a recovery and who’s targeting more growth?
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In a week that mark almost a year to the day equity markets began the climb back from the COVID-19 crash, 34 directors made trades above $100,000.
The buyers ranged from COVID beneficiaries eyeing growth to companies still lagging and eyeing off a recovery.
|ZBT||Zebit||Miriam Rivera||Buy||5 March||528,204||$596,617||On market|
|CUP||CountPlus||Raymond Kellerman||Buy||5 March||250,000||$312,500||On market|
|AJY||Asaplus Resources||Ding Poi Bor||Buy||9 February||10,000,000||$500,000||Off market|
|DBI||Dalyrmple Bay Infrastructure||Anthony Timbrell||Buy||5 March||360,000||$719,974||On market|
|MTO||MotorCycle Holdings||David Ahmet||Buy||2 March||100,000||$238,000||On market|
|MTO||MotorCycle Holdings||Robert Cassen||Buy||2 March||50,000||$119,000||On market|
|MAD||Mader Group||Craig Burton||Buy||9 March||200,000||$180,959||On market|
|RDY||ReadyTech||Mark Summerhayes||Buy||5 March||116,006||$208,449||On market|
|ALG||Ardent Leisure Group||Brad Richmond||Buy||10 Mar||190,000||$122,322||On mrket|
|CGS||Cogstate||Bradley O'Connor||Sell||9 March||2,250,000||$2,025,000||On market|
|BSE||Base Resources||Colin Bwye||Buy||10 March||896,820||$283,036||On market|
|TKM||Trek Metals||Tony Leibowitz||Buy||10 March||5,833,333||$350,000||Placement|
|IVC||InvoCare||Richard Davis||Buy||15 March||30,000||$335,000||On market|
|DDR||Dicker Data||Vladimir Mitnovetski||Sell||12 March||231,444||$2,575,972||On market|
|ZBT||Zebit||Miriam Rivera||Buy||11 March||471,796||$562,244||On market|
|CLB||Candy Club||James Baillieu||Buy||9 March||755,657||$188,918||On market|
|CCX||City Chic Collective||Michael Kay||Buy||9 March||40,906||$151,138||On market|
|BET||BetMakers||Nicholas Chan||Sell||10 March||400,000||$367,910||On market|
|BET||BetMakers||Simon Dulhunty||Sell||12 March||1300000||$1,248,000||Off market|
|QFE||QuickFee||Bruce Coombes||Buy||15 March||300,000||$102,000||On market|
|VEA||Viva Energy Group||Scott Wyatt||Buy||12 March||75,000||$131,316||On market|
|ANO||Advance Nanotek||Lev Mizikovsky||Buy||15 March||39,200||$156,800||Off market|
|ANO||Advance Nanotek||Geoff Acton||Sell||15 March||46,700||$186,800||Off market|
|SRV||ServCorp||Alfred Moufarrige||Buy||10 March||50,000||$170,500||Off market|
|KME||Kip McGrath Education Centres||Storm McGrath||Sell||11 March||69,265||$103,897||On market|
|AQZ||Alliance Aviation||Scott McMillan||Sell||15 March||531,025||$2,212,836||Off market|
|AUK||AuMake||Jacky Yang||Buy||17 March||1,666,667||$100,000||Placement|
|AUK||AuMake||Keong Chan||Buy||17 March||1,666,667||$100,000||Placement|
|AUK||AuMake||Quentin Flannery||Buy||17 March||8,333,333||$500,000||Placement|
|MCP||McMillan Shakespeare||John Bennetts||Sell||17 March||126,352||$1,469,133||On market|
|NEA||Nearmap||Peter James||Sell||15 March||382,075||$809,999||On market|
|MNF||MNF Group||Andy Fung||Sell||17 March||2,168,249||$10,955,052||On market|
|CCG||Comms Group||Peter McGrath||Buy||16 March||1,574,175||$114,915||On market|
|CLB||Candy Club||James Baillieu||Buy||12 March||422,810||$100,856||On market|
One company in the latter category, at least from a share price perspective is AuMake (ASX:AUK), which has never recovered since our borders closed to China. This is because China is its core market – AuMake has run stores focused on the daigou trade.
The company undertook a capital raising in which three directors made big buys. Keong Chan and Jacky Yang bought $100,000 each while Quentin Flannery bought $500,000.
Venue operator Ardent Leisure (ASX:ALG) suffered too, dropping from $1.63 to 18 cents between late January and late March 2020. It has recovered somewhat – reaching 87 cents on Friday. Brad Richmond bought $122,322 in shares on market.
One surprise laggard is funeral provider InvoCare (ASX:IVC) which has seen revenues fall through the double whammy of restrictions and deaths actually going down. InvoCare’s Richard Davis bought $335,000 on market.
Ecommerce play Zebit (ASX:ZBT) saw two big buys from Miriam Rivera – $596,617 on March 5 and $562,244 on March 11. The group has lagged since its ASX listing despite continuing to perform amidst COVID-19.
Service office provider Servcorp (ASX:SRV) saw a $170,500 buy from founder Alfred Moufarrige.
This industry has had a difficult 12 months with people working from home but the company told shareholders it remained optimistic thanks to its virtual office offerings.
Other companies were able to thrive through COVID, with some examples being niche retailers.
One was plus-size fashion retailer City Chic Collective (ASX:CCX) whose director Michael Kay bought $151,138 on market.
Two of its directors chipped in big – David Ahmet, who bought $238,000, and Robert Cassen who bought $119,000.
Candy supplier Candy Club (ASX:CLB) lagged for many months after its ASX listing but has recovered since pivoting to the business to business space.
Chairman James Baillieu bought two $100k+ parcels of shares in the last two weeks – $188,918 and $100,856.
While the majority of traders were buyers, the sellers made up a high volume of the trades.
Leading the pack was Andy Fung from communications tech stock MNF Group (ASX:MNF) who parted with over $10 million in shares.
The company said the trade was “to facilitate the purchase of property assets and to satisfy personal tax obligations”.
Vladimir Mitnovetski from data services stock Dicker Data (ASX:DDR) was next, selling $2.5 million to purchase a house.
Scott McMillan, from charter flight operator and aircraft lessor Alliance Aviation (ASX:AQZ) also parted with over $2 million of shares in an off-market trade.
Nicholas Chan and Simon Dulhunty of BetMakers (ASX:BET) sold $367,910 and $1,248,000 respectively.
While a reason for the trade was not given, the announcement was accompanied with a statement from CEO Todd Buckingham noting the pair hadn’t sold shares since joining six years ago and remained committed to the next phase of the company’s growth.