Directors’ Trades: The ASX directors that went on a new year’s buying spree
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A number of ASX directors bought themselves a Christmas present (in the form of stock), as buyers comfortably outweighed sellers over holiday break.
In addition, director buys were skewed heavily to resources and energy companies over the period.
All up, a total of 22 directors made trades of $100,000 or more — down from 30 in the fortnight before Christmas.
19 of those were for directors buying shares, while three transactions were for share sales.
|TIG||Tigers Realm Coal||Bruce Gray||Buy||24 December||2,143,895,694||$17,151,166||Rights Issue|
|NIC||Nickel Mines||Mark Lochtenberg||Buy||29 December||5,741,339||$5,396,859||Rights Issue|
|NIC||Nickel Mines||Peter Nightingale||Buy||29 December||5,336,341||$5,016,161||Rights Issue|
|NIC||Nickel Mines||Weifeng Huang||Buy||31 December||3,000,000||$3,240,000||Off market|
|NIC||Nickel Mines||Justin Werner||Buy||29 December||1,063,830||$1,000,000||Rights Issue|
|ORE||Orocobre||Richard Seville||Sell||31 December||208,656||$939,080||On market|
|HTG||Harvest Technology Group||Paul Guilfoyle||Sell||5 January||2,000,000||$620,478||On and off market|
|MNS||Magnis Energy Technologies||James Dack||Buy||30 December||2,941,176||$500,000||Placement|
|SNG||Siren Gold||Brian Rodan||Buy||31 December||500,000||$367,231||On market|
|TBR||Tribune Resources||Anthony Billis||Buy||24 December||60,000||$331,815||On market|
|ODY||Odyssey Energy||Levi Mochkin||Buy||30 December||12,500,000||$312,500||Capital raising|
|GWR||GWR Group||Gary Lyons||Buy||29 December||925,752||$287,869||On market|
|STX||Strike Energy||Neville Power||Buy||6 January||1,000,000||$270,000||On market|
|ODY||Odyssey Energy||Ian Middlemas||Buy||30 December||10,000,000||$250,000||Capital raising|
|ODY||Odyssey Energy||Matthew Syme||Buy||30 December||10,000,000||$250,000||Capital raising|
|SEG||Sports Entertainment Group||Craig Coleman||Buy||24 December||1,035,723||$233,037||On market|
|SUP||Superior Lake Resources||Grant Davey||Buy||5 January||1,458,333||$175,000||Placement|
|SOR||Strategic Elements||Elliot Nicholls||Sell||5 January||600,000||$143,342||On market|
|PLT||Plenti||Susan Forrester||Buy||30 December||103,020||$122,521||On market|
|AAP||Australian Agri Projects||Paul Challis||Buy||5 January||12,190,162||$121,902||Off market|
|AAP||Australian Agri Projects||Daniel Stefanetti||Buy||5 January||12,190,162||$121,902||Off market|
|VKA||Viking Mines||Raymond Whitten||Buy||23 December||11,481,574||$114,816||Rights Issue|
Tigers Realm Coal’s (ASX:TIG) Bruce Gray led the way on the buy-side, snapping up 2,143,895,694 shares at 0.8c a pop for a total consideration of $17,151,166..
The acquisition was made as part of the company’s $17.2m institutional share placement announced in December.
TIG is raising up to $30m to expand its Russian coal operation, from where it plans to ship finished product to customers in China, Japan and Korea.
Also buying up shares as part of a capital raising were a number of the directors in Nickel Mines Ltd (ASX:NIC).
The company completed a $275 million share placement to institutional investors at 94c per share, along with a retail entitlement offer which raised a further $64m.
Four NIC directors — Mark Lochtenberg, Peter Nightingale, Weifeng Huang and Justin Werner — all snapped up parcels of shares ranging from $1m (Werner) to $5.4m (Lochtenberg) as part of the company’s capital markets activity.
Switching to the sell-side, the largest seller was Orocobre (ASX:ORE) director Richard Seville, who unloaded 208,656 shares valued at $939,080 in an on-market sale on December 31.
Shares in the lithium miner have climbed from May lows of less then $2 to close last week at $5.
ORE shares closed on New Years Eve at $4.47, meaning the stock has added another 11.8 per cent since Seville sold up.