The top directors trade last week was a $5.6m cash injection into prawn farmer Seafarms Group (ASX:SFG).

The buyer was chairman Ian Traher, with his buy accounting for nearly half of a capital raising.

While he had committed to pay in March, he had to wait for shareholders to give their blessing last week because he already owned over 24 per cent of the company.

Seafarms is building a prawn farm off the coast of Queensland, which when complete will produce 150,000 tonnes annually. It is targeting export markets which post-COVID have been tipped to be a big opportunity for companies like Seafarms.

At its meeting last week the company told shareholders it believed Asian consumers would turn away from wet markets and towards food that remained safe and clean throughout the supply chain.

“We estimate that PSD [Project Sea Dragon] will be coming into production just as the world economy rises from the pandemic,” Seafarms said.

The company also believes local demand for seafood as a protein source will be an opportunity too.

Code Company Director Change Date Volume $ What
JAY Jayride Group Rodney Cuthbert Buy 18 June 500,000 $100,000 Off market
SVM Sovereign Metals Ian Middlemas Buy 22 June 500,000 $100,000 On market
INR ioneer John Hofmeister Buy 23 June 950,000 $116,090 On market
LTR Liontown Resources Timothy Goyder Buy 19 June 3,000,000 $315,000 On market
TIG Tigers Realm Coal Bruce Gray Buy 24 June 1,370,404,436 $13,704,044.36 Rights Issue
SRY Story-I Michael Chan Buy 25 June 15,150,000 $181,800 Off market
BSA BSA David Prescott Buy 26 June 3,971,903 $1,063,278 On market
AV1 Adveritas Matthew Rutty Buy 26 June 2,727,273 $150,000 Placement
DCG Decmil Group Dickie Dique Buy 25 June 3,789,129 $205,306 On market
RNO Rhinomed Ron Dewhurst Buy 26 June 4,250,000 $327,250 Rights Issue
NVX Novonix Robert Natter Buy 25 June 750,000 $217,500 Rights Issue
NOX Noxopharm Frederick Bart Buy 23 June 2,538,462 $330,000 Off market
WKT Walkabout Resources Trevor Benson Sell 29 June 836,567 $130,421 On market
VYS Vysarn James Clement Buy 30 June 8,700,177 $391,507 Rights Issue
BNK BNK Banking John Kolenda Sell 25 June 744,526 $294,088 Off market
SSM Stream Group Christian Bernecker Buy 29 June 19,175,944 $113,516 Dividend Reinvestment Plan
SSM Stream Group Lawrence Case Buy 29 June 43,791,384 $109,478 Dividend Reinvestment Plan
SFG Seafarms Group Ian Traher Buy 30 June 187,979,999 $5,639,400 Placement
ENE Enevis Greg Jinks Buy 22 June 10,156,858 $457,059 Rights Issue
BSA BSA David Prescott Buy 30 June 626,000 $174,028 On market
PET Phoslock Zhigang Zhang Sell 1 July 1,500,000 $435,000 On market
IVT Inventis Peter Bobbin Buy 1 July 239,600,000 $718,800 Rights Issue
RAP Resapp Tony Keating Sell 2 July 10,000,000 $1,500,000 Off market

 

Small cap directors buying

One stock that has had a tough year is industrial play Decmil (ASX:DCG).

In March it reported a half-yearly loss of $75m because of two particularly troublesome clients that weren’t paying.

Executive director Dickie Dique, who also became CEO in May, took another leap of faith by purchasing $205,306 on market last week.

Another company that’s had a tough year and saw a director tip more cash in is airport transfer booking service Jayride (ASX:JAY). Rodney Cuthbert bought $100,000 off market.

The company’s bookings plunged 95 per cent in April 2020 compared with last year but it told shareholders its recovery in May and June had exceeded expectations. It says demand for “health-secure door-to-door travel” would rise as restrictions gradually eased.

Timothy Goyder bought another $300,000 of shares in Liontown Resources (ASX:LTR). Share-price wise Liontown has had a quieter 2020 than in 2019, but the company still busy from an operational perspective.

The company is looking to do work at its Moora nickel project — located in the same geological terrain as Chalice Gold Mines’ (ASX:CHN) Julimar discovery, 95km to the south.

Liontown is also hoping to complete a pre-feasibility study for its Kathleen Valley lithium project, which sent it flying last year.

 

Small cap directors selling

Meanwhile a handful of directors were selling to pay tax bills.

Sellers who attributed their trades to potential tax liabilities included Walkabout Resources’ (ASX:WKT) Trevor Benson, who sold over $130,000 and Resapp’s (ASX:RAP) Tony Keating, who sold $1.5m.

Zhigang Zhang, deputy chairman of water cleaning tech stock Phoslock (ASX:PET), parted with $435,000 worth of shares. The company said it was for “personal reasons” but noted he had sold off market to an unnamed family member.