Directors Trades: The repeat big buyers come back for more this week
Link copied to
Last week 17 ASX small cap directors made trades over $100,000 and a handful of them are regular big buyers.
A few weeks ago we interviewed mining executive and investor Tim Goyder. Its fair to say he has had success with Liontown Resources (ASX:LTR) and Strike Energy (ASX:STX) in 2019 – two companies that are up 249 and 156 per cent respectively.
He has had more modest success with Chalice Gold Mines (ASX:CHN) and DevEx Resources (ASX:DEV).
Last week he put another $520,000 into Devex which, among other projects, is searching for copper and gold in New South Wales.
He told Stockhead he believed the secret to his success was the people and that DevEx was no different. In relation to DevEx, he noted that it helped that New-York listed Newmont (NYSE:NEM) was drilling less than a kilometre away from his boundary as did the success of small cap peers Alkane (ASX:ALK) and Stavely (ASX:SVY).
Another buyer you may remember is Hot Chili’s (ASX:HCH) Murray Black. His company is also a copper and gold explorer, but in Chile.
Black made a $500,000 investment into his company in late March and he tripled it in less than four months. Last week he bought another $400,000 worth of shares.
Cogstate’s (ASX:CGS) David Dolby put $760,000 into his company’s rights issue last month, and last week chipped in another $105,828 to make up the shortfall in the retail offer.
Two directors of small business lender Prospa (ASX:PGL) bought on market this week a few days after it announced cuts to its revenue and earning forecasts. Aviad Eyal bought $382,860 and Gail Pemberton bought $100,000.
FIFO services airline Alliance Aviation (ASX:AQZ) directors Stephen Pagett and Scott McMillan both participated in the dividend reinvestment plan, buying $648,137 and $353,986 respectively.
Meanwhile, Connexion Telematics (ASX:CXZ) is one of the best performing tech stocks, up over 300 per cent in the last 12 months. Director Aaryn Nania bought $116,056 worth of shares.
Kalium Lakes (ASX:KLL) is all set to become the first potash producer in Australia next year. Director Stephen Dennis invested $250,000 in a placement.
Only two directors sold over $100,000 last week. The first was Reffind’s (ASX:RFN) Eugene Loy who sold $175,000 off market. According to the directors interest form lodged with the ASX, that was his entire stake in the company.
Second was Data#3’s (ASX:DTL) Laurence Baynham, who sold $1.5m to meet a “family-related funding requirement”. But the company told shareholders not to despair – he intends to make up for it by exercising his performance rights.
Speaking of sellers, we reported last week Robert Hosking from Karoon Energy (ASX:KAR) sold 2 million shares to exercise his rights in the entitlement offer.
True to his word, he bought $1.9m. His colleague Mark Smith chipped in as well, to the tune of $1.19m.
|ACF||Acrow Formwork and Construction Services||Maraget Prokop||Buy||15 November||330,873||$102,571||Dividend reinvestment plan|
|FHS||Freehill Mining||Samuel Duddy||Buy||12 November||55,579,875||$611,379||Placement|
|KLL||Kalium Lakes||Stephen Dennis||Buy||15 November||500,000||$250,000||Placement|
|CXZ||Connexion Telematics||Aaryn Nania||Buy||14 November||4,939,198||$116,056||On market|
|ATC||Altech Chemicals||Tuku Yaacob Khyra||Buy||18 November||18,433,180||$2,000,000||Placement|
|RVR||Red River Resources||Mark Hanlon||Buy||18 November||1,000,000||$151,545||On market|
|AQZ||Alliance Aviation Services||Stephen Padgett||Buy||14 November||277,551||$648,137||Dividend reinvestment plan|
|AQZ||Alliance Aviation Services||Scott McMillan||Buy||14 November||151,587||$353,986||Dividend reinvestment plan|
|HCH||Hot Chili||Murray Black||Buy||15 November||11,111,112||$400,000||Placement|
|RFN||Reffind||Eugene Loy||Sell||12 November||26,772,984||$175,000||Off market|
|DTL||Data#3||Laurence Baynham||Sell||20 November||400,000||$1,525,200||On market|
|KAR||Karoon Energy||Mark Smith||Buy||19 November||1,276,146||$1,186,816||Rights Issue|
|KAR||Karoon Energy||Robert Hosking||Buy||19 November||2,060,215||$1,916,000||Rights Issue|
|DEV||Devex Resources||Tim Goyder||Buy||21 November||6,250,000||$525,000||Placement|
|CGS||Cogstate||David Dolby||Buy||15 November||391,957||$105,828||Rights Issue|
|PGL||Prospa||Aviad Eyal||Buy||21 November||150,000||$382,860||On market|
|PGL||Prospa||Gail Pemberton||Buy||19 November||34,829||$100,000||On market|
|PSQ||Pacific Smiles Group||Mark Bloom||Buy||21 November||100,000||$184,000||On market|
|PAL||Palla Pharma||Simon Moore||Buy||18 November||871,884||$610,319||Rights Issue|
|PAL||Palla Pharma||Jarrod Ritchie||Buy||18 November||603,981||$422,787||Rights Issue|