Directors Trades: Husband and wife drop nearly $5m on Helloworld

Director Trades Nick Sundich
asx news

Pic: Stevica Mrdja / EyeEm / EyeEm via Getty Images

This fortnight’s most interesting, and non-resources, trade was a nearly $5m spend on a travel stock by a husband and wife team.

Helloworld Travel (ASX:HLO) directors and travel industry veterans Andrew and Cinzia Burnes bought nearly $5m worth of shares in the company’s recent $50m capital raising.

Like its peers, the travel agency saw demand evaporate overnight as COVID-19 restrictions ramped up. But the stock has been recovering from its lows in March.

While demand will take time to return, the deal provides Helloworld sufficient liquidity to operate until October 2021 even in a zero revenue scenario.

Code Company Director Change Date Volume $ What
LTR Liontown Resources Timothy Goyder Buy 16 July 4,150,000 $503,000 On market
IP1 Integrated Payment Technologies Donald Sharp Buy 17 July 23,242,303 $348,635 Rights Issue
ALK Alkane Resources Ian Gandel Buy 20 July 11,371,363 $13,759,349 On market
ALK Alkane Resources Nicholas Earner Sell 17 July 5,000,000 $6,100,000 On market
JMS Jupiter Mines Brian Gilbert Buy 24 July 10,000,000 $2,900,000 On market
CLB Candy Club James Baillieu Buy 24 July 960,228 $131,926 On market
CLB Candy Club Chi Kan Tang Buy 22 July 874,294 $121,430 On market
SVY Stavely Minerals Chris Cairns Sell 28 July 1,200,000 $720,000 Off market
SVY Stavely Minerals Jennifer Murphy Sell 28 July 800,000 $480,000 Off market
RBR RBR Group Ian Macpherson Buy 27 July 14,300,000 $100,100 Placement
HLO Helloworld Travel Cinzia & Andrew Burnes Buy 27 July 3,030,303 $5,000,000 Rights Issue
PRU Perseus Mining Terence Harvey Sell 28 July 200,000 $294,000 On market
PRU Perseus Mining John McGloin Sell 24 July 641,507 $955,845 On market
MCE Matrix Composites & Engineering Aaron Begley Buy 29 July 2,630,278 $421,485 On market
PNW Pacific Star Network Craig Coleman Buy 28 July 4,932,401 $1,109,790 Rights Issue
DEG De Grey Mining Peter Hood Buy 15 July 1,000,000 $280,000 Placement
WordPress Table

 

Resources directors trades

The majority of other trades were among resources stocks.

New South Wales copper-gold play Alkane Resources (ASX:ALK) saw Ian Gandel buy over $13m worth of shares, while Nicholas Earner sold over $6m to pay a tax bill.

Liontown Resources’ (ASX:LTR) Timothy Goyder bought another $503,000 worth of shares in the company, which rose last year following lithium exploration success.

In more recent months, the company has been dipping its toe into nickel as well following Chalice Gold Mines’ (ASX:CHN) Julimar discovery.

Gold producer Perseus Mining (ASX:PRU) and explorer Stavely Minerals (ASX:SVY) also saw some of their directors sell shares. Terence Harvey and John McGloin sold down their stakes in Perseus, while Chris Cairns and Jennifer Murphy offloaded Stavely shares.

Peter Hood, a director of 2020’s greatest small cap success story De Grey Mining (ASX:DEG), bought another $280,000 of shares in the company.

 

Other traders

US-focused candy distributor Candy Club (ASX:CLB) saw James Baillieu buy another $131,926 worth of shares, while Chi Kan Tang chipped in $121,430.

After struggling on the ASX for much of 2019, it’s seen better fortunes this year following a pivot to the business-to-business market.

Radio station owner Pacific Star Network (ASX:PNW), which owns SEN and the AFL Record, had to undertake a capital raising last month after adding more radio stations to its portfolio. A number of directors chipped in, led by Craig Coleman who bought $1.1m.

Aaron Begley, director of industrial stock Matrix Composites & Engineering (ASX:MCE) bought $421,485 worth of shares on market. While many industrial stocks have been resurgent in recent weeks, Matrix has not been one of them due to its heavy focus on the oil and gas sector.

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