Directors Trades: Even in a big crowd you can still stand out
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This week’s field of directors saw nearly $45m in shares change hands among 20 directors – but $35m was from just four.
You may remember from last week that two Kogan.com (ASX: KGN) directors sold nearly $30m in stock because shareholders asked them to, for more liquidity.
This week, four Phoslock Environmental Technologies (ASX:PET) directors outdid them for the exact same reason – someone wanted to buy in.
The group was led by chairman Laurence Freedman who sold nearly $26m. Following behind was Robert Schuitama with $4.3m, Zhigang Zhang who sold $3.7m and Ninping Ma who sold $1.2m.
But Freedman said the stake was “a relatively small part of our holdings”. They still own over 20 per cent of the company between them.
How else do you stand out from a crowd of trades if you can’t go that big? Maybe go in twice in a week as Pointsbet’s (ASX:PBH) Brett Paton did. He bought $1.08m all up.
Liontown Resources’ (ASX:LTR) Timothy Goyder bought $174,090. While the share price of the lithium miner has retreated in recent weeks, it has still enjoyed a stellar 2019.
When Rural Funds Group (ASX:RFF) was accused of fraud, directors bought in to the tune of $1.2m. A month on, the company has been cleared by its auditors and is now suing the short sellers over their claims. And Brett Paton bought in again, to the tune of $497,263.
Ian Gandel bought another $502,795 of Alliance Resources (ASX:AGS) shares. A similarly well known figure, Lev Mizikovsky, bought another $150,088 of Advance NanoTek (ASX:ANO) shares.
Three Regeneus (ASX:RGS) directors, Glen Richards, Leo Lee and Barry Sechos bought $1.75m between them in the company’s rights issue.
While Southern Cross Electrical Engineering’s (ASX:SXE) Karl Paganin bought $200,000, David Hammond sold nearly $1.7m – to pay a tax bill.
Pacific Smiles Group (ASX:PSQ) Benjamin Gisz bought $1.6m, but Alexander Abrahams sold $750,000 held in his wife’s name. This company had an average start to 2019, losing 10 per cent in 6 months, but has gained 26 per cent in the last fortnight.
|PSQ||Pacific Smiles Group||Benjamin Gisz||Buy||20 August||1,231,987||$1,638,543||On market|
|PET||Phoslock Environmental Technologies||Laurence Freedman||Sell||26 August||19,258,824||$25,961,510||Off market|
|PET||Phoslock Environmental Technologies||Robert Schuitema||Sell||26 August||3,200,000||$4,315,804||Off market|
|PET||Phoslock Environmental Technologies||Zhigang Zhang||Sell||30 August||2,950,732||$3,683,136||Off market|
|PET||Phoslock Environmental Technologies||Ninping Ma||Sell||31 August||938,576||$1,167,708||Off market|
|LTR||Liontown Resources||Timothy Goyder||Buy||30 August||2,000,000||$174,090||On market|
|PSQ||Pacific Smiles Group||Alexander John Abrahams||Sell||30 August||500,000||$750,000||On market|
|NVA||Novita Healthcare||Jefferson Harcourt||Buy||28 August||10,000,000||$100,000||Rights Issue|
|RGS||Regeneus||Glen Richards||Buy||3 September||1,875,000||$150,000||Rights Issue|
|RGS||Regeneus||Leo Lee||Buy||3 September||12,500,000||$1,000,000||Rights Issue|
|RGS||Regeneus||Barry Sechos||Buy||3 September||7,500,000||$600,000||Rights Issue|
|NTM||NTM Gold||Eduard Eshuys||Buy||30 August||14,434,200||$469,111||Placement|
|SXE||Southern Cross Electrical Engineering||David Hammond||Sell||3 September||3,240,496||$1,689,417||On market|
|SXE||Southern Cross Electrical Engineering||Karl Paganin||Buy||3 September||400,000||$200,000||Off market|
|PBH||PointsBet||Brett Paton||Buy||6 September||400,000||$1,084,000||On market|
|AGS||Alliance Resources||Ian Gandel||Buy||3 September||3,591,391||$502,795||On market|
|GSN||Great Southern Mining||John Terpu||Buy||4 September||39,103,118||$391,031||Rights Issue|
|ALG||Ardent Leisure Group||David Haslingden||Buy||30 August||192,307||$198,076||On market|
|ANO||Advance Nanotek||Lev Mizikovsky||Buy||5 September||33,818||$150,088||On market|
|RFF||Rural Funds Group||Brett Paton||Buy||6 September||252,418||$497,263||On market|