A high proportion of this week’s directors trades among ASX small caps happened at interesting times for their companies.

Five directors sold shares because their company was being taken over.

Software stock GBST (ASX:GBT) is being taken over by FNZ. The directors all sold their shares and three of them were trades above $100,000.

Deborah Page sold $113,750, Allan Brackin sold $910,000 and CEO Robert DeDominicis sold $4.16m. They all held their shares until the final days of the company’s listed life.

Also being taken over is West Australian gold miner Azumah Resources (ASX:AZM). Michael Atkins and Stephen Stone sold $174,402 and $385,992 respectively.


Strong mining results are a sign to buy

A week after Aurelia Metals (ASX:AMI) gave solid gold results (6m at 196 grams per tonne), acting CEO Colin Johnstone bought $118,750. He told shareholders the company was very excited by the results and remained committed to unlocking value.

Another mining director who bought big after good results was Sovereign Metals’ (ASX:SVM) Ian Middlemas, who bought $130,673.

This company is drilling for a titanium oxide mineral called rutile. It reported results including 13m at 1.08 per cent and 5m at 1.16 per cent.


A husband and wife go in together

The husband and wife founders of logistics company Wiseway Group (ASX:WWG) bought $267,580 each on market. The company recently hit its one-year anniversary of listing and it had been a poor 12 months with shares listing at 50c and sitting at 12c last Monday.

But in the past week, when news of their trades came through, the share price jumped to 16c.

Among other trades, Cash Converters (ASX:CCV) director Peter Cumins bought $141,600 on market two weeks after a three-year legal battle ended. The company had been sued for charging excessive interest rates and settled the case without admitting liability.

Italian focused oil and gas play Po Valley Energy (ASX:PVE) just completed a capital raise. Michael Masterman bought $250,000 while Kevin Bailey bought $300,000.

Code Company Director Change Date Volume $ What
CCV Cash Converters Peter Cumins Buy 4 November 600,000 $141,600 On market
GBT GBST Deborah Page Sell 5 November 32,500 $113,750 Takeover
GBT GBST Allan Brackin Sell 5 November 260,000 $910,000 Takeover
GBT GBST Robert DeDominicis Sell 5 November 1,189,067 $4,161,735 Takeover
WWG Wiseway Group Florence Tong Buy 1 November 1,574,000 $267,580 On market
WWG Wiseway Group Roger Tong Buy 1 November 1,574,000 $267,580 On market
AMI Aurelia Metals Colin Johnstone Buy 31 October 249,999 $118,750 On market
SVM Sovereign Metals Ian Middlemas Buy 6 November 1,440,000 $130,673 On market
PVE Po Valley Energy Michael Masterman Buy 6 November 4,545,455 $250,000 Placement
PVE Po Valley Energy Kevin Bailey Buy 6 November 5,454,545 $300,000 Placement
ANO Advance Nanotek Geoff Acton Sell 6 November 19,000 $104,500 Off market
AZM Azumah Resources Michael Atkins Sell 1 November 5,284,919 $174,402 Takeover
AZM Azumah Resources Stephen Stone Sell 1 November 11,696,725 $385,992 Takeover
FZO Family Zone Cyber Security Peter Pawlowitsch Buy 8 November 3,571,428 $500,000 Placement
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