For the fourth week in a row, investors kept selling but directors kept buying.

While in the early weeks of 2020 there were only a handful of directors making big trades, the past week has seen over 20 big trades.

Code Company Director Change Date Volume $ What
PPE People Infrastructure Thomas Reardon Buy 13 March 100,000 $247,855 On market
AX1 Accent Group Daniel Agostinelli Buy 13 March 100,000 $103,000 On market
AX1 Accent Group Brett Blundy Buy 13 March 1,003,058 $1,021,268.38 On market
SFR Sandfire Resources Karl Simich Buy 13 March 50,300 $181,714 On market
ABA Auswide Bank Martin Barrett Buy 12 March 53,950 $277,843 Off market
ADH Adairs Trent Peterson Buy 13 March 100,000 $169,874 On market
SIQ Smartgroup John Prediville Buy 12 March 20,000 $110,000.00 On market
AMA AMA Group Simon Moore Buy 16 March 900,000 $320,220 On market
SSG Shaver Shop Trent Peterson Buy 11 March 200,000 $121,750 On market
GSN Great Southern Mining John Terpu Buy 16 March 9,000,000 $360,000 Off market
BEE Broo Kent Grogan Sell 13 March 40,000,000 $400,000 Off market
RFF Rural Funds Trust David Bryant Buy 17 March 143,000 $242,542 On market
RFF Rural Funds Trust Julian Widdup Buy 16 March 60,416 $103,311 On market
PGH Pact Group Holdings Raphael Geminder Buy 12 March 7,756,875 $14,738,063 Off market
KAR Karoon Energy Bruce Phillips Buy 17 March 1,250,000 $489,236 On market
SRV Servcorp Alfred Moufarrige Buy 17 March 100,000 $300,000 On market
ANO Advance Nanotek Lev Mizikovsky Buy 12 March 129,517 $490,724 On market
DDR Dicker Data Vladimir Mitnovetski Buy 19 March 36,410 $173,076 On market
MSB Mesoblast Donal O'Dwyer Buy 18 March 85,250 $100,297 On market

A pair of big buying directors came from a company that is no stranger to a sudden share price plunge.

Last year Rural Funds Group (ASX:RFF) took a dive when it was accused of accounting fraud by short seller Bonitas Research.

The board topped up their holdings in the stock at the same time they refuted Bonitas’ allegations.

Now, the stock has fallen 8 per cent in the last month and David Bryant, who bought $500,000 last August, acquired another $242,542 worth of shares last week. His colleague Julian Widdup dropped another $103,311 to pick up more shares.

 

Can’t get enough of a good thing

Another repeat buyer was Servcorp’s (ASX:SRV) Alfred Moufarrige, who bought $800,000 in the first week of the plunge and last week snapped up another $300,000 worth of stock.

Trent Peterson made two big buys this week, tipping $169,874 into Adairs (ASX:ADH) followed by $121,750 into Shaver Shop (ASX:SSG).

A regular in Stockhead’s Director Trades column, Lev Mizikovsky, has bought nearly $500,000 in Advance Nanotek (ASX:ANO) stock.

But soon after he bought, the company was suspended by the ASX along with Astivita (ASX:AIR), pending queries. The two companies were reportedly about to launch new products although further details have not been released.

On the resources front, Karl Simich from copper miner Sandfire Resources (ASX:SFR) handed over $181,714 for more shares. While the company has nearly halved this year, it said on Friday that its DeGrussa operations in Western Australia were continuing with appropriate precautions.

Karoon Energy (ASX:KAR) has shed over two thirds of its value in two months but that didn’t stop director Bruce Phillips buying nearly $500,000 worth of stock last week.

This week’s sole seller was Broo’s (ASX:BEE) Kent Grogan, who parted with $400,000 off market.