Directors Trades: Husband and wife drop nearly $5m on Helloworld
Link copied to
This fortnight’s most interesting, and non-resources, trade was a nearly $5m spend on a travel stock by a husband and wife team.
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.
|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|
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.
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.