One Nuix (ASX:NXL) director bought over $500,000 in shares
Directors’ Trades: As Nuix recovers from last month’s lows, one director made a $501,180 buy
Director Trades
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The most intriguing big buy from a director last week came for forensic data company Nuix (ASX:NXL).
After briefly falling below its $5 IPO price, Nuix is now slightly above that watermark. Buying $501,180 in shares off market was board member and CEO Rodney Vawdrey.
Another buyer of an under pressure tech stock was John Wylie of BNPL company Humm (ASX:HUM) – he bought $485,397 on market.
Humm has actually gone backwards in two years having seen the spike in bad debts lead to the broad BNPL sell off when COVID-19 first broke out.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| SOM | SomnoMed | Hamish Corlett | Buy | 17 March | 1,071,253 | $2,035,381 | On market |
| FZR | Fitzroy River Corporation | Malcolm McComas | Buy | 23 March | 937,830 | $112,540 | Rights Issue |
| FZR | Fitzroy River Corporation | Susan Thomas | Buy | 23 March | 2,992,341 | $359,081 | Rights Issue |
| BID | Bill Identity | Guy Maine | Sell | 23 March | 700,000 | $602,000 | On market |
| PPC | Pro-Pac Packaging | Jonathan Ling | Buy | 18 March | 515,159 | $100,042 | On market |
| HUM | Humm | John Wylie | Buy | 23 March | 495,000 | $485,397 | On market |
| DRR | Deterra Royalties | Graeme Devlin | Buy | 19 March | 40,000 | $158,000 | On market |
| CI1 | Credit Intelligence | Russell Goodman | Sell | 22 March | 4,250,000 | $140,250 | On market |
| DDR | Dicker Data | Vladimir Mitnovetski | Buy | 24 Mar | 10,000 | $101,000 | On market |
| CST | Castile Resources | Mark Hepburn | Buy | 24 March | 810,000 | $175,498 | On market |
| MCP | McMillan Shakespeare | John Bennetts | Buy | 25 March | 148,648 | $1,675,455 | On market |
| ZBT | Zebit | Miriam Rivera | Buy | 22 March | 89,620 | $121,611 | On market |
| WWI | West Wits Mining | Jacobus van Heerden | Sell | 19 March | 2,700,000 | $227,480 | On market |
| RDY | ReadyTech | Mark Summerhayes | Buy | 25 March | 66,220 | $110,961 | On market |
| VAN | Vango Mining | Bruce McInnes | Buy | 23 March | 3,125,000 | $181,250 | Off market |
| NXL | Nuix | Rodney Vawdrey | Buy | 25 March | 100,000 | $501,180 | On market |
| INA | Ingenia | John McLaren | Buy | 25 March | 317,315 | $1,538,470 | Dividend Reinvestment plan |
| INA | Ingenia | Gary Shiffman | Buy | 25 March | 317,315 | $1,538,470 | Dividend Reinvestment plan |
| PNV | PolyNovo | Bruce Rathie | Sell | 26 March | 200,000 | $571,221 | On market |
| TSI | Top Shelf International | Adem Karafili | Buy | 26 March | 115,500 | $249,630 | On market |
| BOL | Boom Logistics | Stephen Grove | Buy | 26 March | 1,500,000 | $200,000 | On market |
| OBL | Omni Bridgeway | Hugh McLernon | Buy | 23 March | 209,008 | $752,429 | On market |
| TWD | Tamawood | Lev Mizikovsky | Buy | 31 March | 480,813 | $1,634,764 | Dividend Reinvestment plan |
| PAL | Palla Pharma | Simon Moore | Buy | 8 March | 3,025,951 | $672,435 | Placement |
| EXP | Experience Co | Anthony Bocaut | Buy | 29 March | 500,000 | $124,750 | On market |
| DYL | Deep Yellow | Christophe Urtel | Sell | 29 March | 935,424 | $645,503 | SPP |
| PKD | Parkd | Bronte Howson | Buy | 29 March | 3,598,449 | $179,922 | Rights Issue |
| WHC | Whitehaven Coal | Paul Flynn | Buy | 30 March | 1,000,000 | $1,766,355 | On market |
| ESK | Etherstack | Peter Stephens | Buy | 31 March | 229,818 | $143,855 | On market |
| ASB | Austal | John Rothwell | Buy | 30 March | 454,000 | $999,962 | On market |
| CDY | Cellmid | Maria Halasz | Buy | 1 April | 1,427,639 | $107,073 | Rights Issue |
| CDY | Cellmid | Dennis Eck | Buy | 1 April | 5,185,036 | $388,878 | Rights Issue |
| MAD | Mader Group | Luke Mader | Buy | 31 March | 390,000 | $331,500 | On market |
| DCC | DigitalX | Peter Rubinstein | Buy | 31 March | 3,000,000 | $191,994 | On market |
The biggest buyers
But neither Vawdrey or Wylie came close to being the biggest buyers.
That title belonged to Paul Flynn from Whitehaven Coal (ASX:WHC) who bought over $1.7 million of his company’s shares on market last week.
Another three directors chipped in over $1.5 million in as part of a dividend reinvestment plan – a scheme where shareholders can use dividends to buy further shares in the company.
Lev Mizikovsky of Queensland homebuilder Tamawood (ASX:TWD) was one while the other two were John McLaren and Gary Shiffman from lifestyle community operator Ingenia Communities (ASX:INA).
Rounding out the list of $1m+ buyers was John Bennetts of McMillan Shakespeare (ASX:MCP) who made an on market purchase of $1,675,455.
His company is a provider of financial products such as salary packaging, novated leasing and asset management.
Sellers
There were only a handful of sales in the last fortnight.
The biggest sale came from a director of Bill Identity (ASX:BID) which is an expense management software company once headed by James Baillieu.
Guy Maine sold just over $600,00 in shares a move the company said was to meet tax obligations and “to part-fund the purchase of a primary residence”.
Bruce Rathie from PolyNovo (ASX:PNV) parted with just over $500,000 in shares – again to meet tax obligations.
And Jac van Heerden of West Wits Mining (ASX:WWI) sold over $200,000 in shares to pay a tax bill – shares which the company noted he periodically received in lieu of a cash salary to ensure cash was free for the company’s project.
