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

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

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.