In the last fortnight the top buyers among ASX directors bought $4.26 million of their companies’ shares but the top sellers parted with $46.3 million.

This occurred despite the slim majority of trades over $100,000 (14 of the 27) being purchases.

But the handful of sales above $5 million were more than enough to outnumber the volume made by the buyers.

Code Company Director Change Date Volume $ What
RDY ReadyTech Mark Summerhayes Buy 19 February 100,000 $187,250 On market
AMS Atomos Jeromy Young Sell 22 February 10,000,000 $10,200,000 On market
LRK Lark Distilling Geoff Bainbridge Buy 23 February 200,000 $330,000 On market
ARX Aroa Biosurgery John Diddams Buy 22 February 200,000 $238,680 On market
WGX Westgold Resources Peter Cook Buy 22 February 500,000 $981,280 On market
STG Straker Translations Grant Straker Sell 24 February 236,323 $429,402 On market
CUP CountPlus Raymond Kellerman Buy 24 February 135,000 $161,616 On market
PWH PWR Holdings Kees Weel Sell 23 February 2,000,000 $10,180,000 On market
FZR Fitzroy River Corporation Susan Thomas Buy 26 February 4,536,295 $544,355.40 Rights Issue
NGI Navigator Global Investments Andrew Bluhm Sell 26 February 3,000,000 $5,280,000 Off market
MP1 Megaport Bevan Slattery Sell 1 March 1,000,000 $13,130,000 Off market
AMI Aurelia Metals Bob Vassie Buy 26 February 250,000 $100,000 On market
JIN Jumbo Interactive Susan Forrester Buy 24 February 7,500 $101,506 On market
ODM Odin Metals Jason Bontempo Buy 25 February 3,333,333 $100,000 Off market
ALG Ardent Leisure Gary Weiss Buy 2 March 500,000 $314,500 On market
SES Secos Stephen Walters Sell 2 March 1,000,000 $306,791 On market
STG Straker Translations Steve Donovan Sell 26 February 764,100 $1,337,175 Off market
CPT CPT Global Gerry Tuddenham Sell 26 February 495,000 $212,850 On market
TPG TPG Telecom Robert Millner Buy 1 March 100,000 $686,615 On market
360 Life360 James Synge Buy 2 March 40,000 $171,000 On market
HNG HGL Alexander Beard Buy 3 March 1,200,000 $150,000 Placement
MSV Mitchell Services Nathan Mitchell Buy 3 March 465,000 $193,724 On market
CUV Clinuvel Philippe Wolgen Sell 3 March 104,000 $2,564,744 On market
SZL Sezzle Paul Lahiff Sell 4 March 42,627 $413,036 On market
CCE Carnegie Clean Energy Anthony Shields Sell 4 March 224,314,810 $1,662,211.84 On market
CCE Carnegie Clean Energy Grant Mooney Sell 4 March 163,141,390 $908,673 On market
INA Ingenia Communities Simon Owen Sell 3 March 41000 $202,323 On market

 

The top sellers

In recent months Bevan Slattery has been best known for a buyer in taking stakes in Rent.com.au (ASX:RNT)intelliHR (ASX:IHR), and Pointerra (ASX:3DP).

However in this edition he is on the other side of the ledger having parted with approximately $13 million worth of Megaport (ASX:MP1).

The notice lodged with the ASX explained this was part of a loan arrangement with the company.

Slattery’s colleague Vincent English sold $6,700,000 worth of shares after exercising options in order to pay a tax bill.

Autoparts company PWR (ASX:PWH) saw a $10m sale of shares owned by Paul Weel, the son of Kees Weel who is managing director.

The company still had to lodge a 3Y notice under Kees’ name being a transaction by a related entity but noted Paul was no longer actively involved while Kees was fully committed and held over 20 per cent of the company.

Video tech stock Atomos (ASX:AMS) say Jeromy Young sold approximately $10 million in shares the family trust held. The company said it would help the family fulfil tax obligations and buy another house.

One of the smaller sales came from Gerard Tuddenham from IT consultant CPT Global (ASX:CPT) who sold just over $200,000 in shares.

The company’s explanation was that investors wanted to buy in but promised Tuddenham would participate in the upcoming dividend reinvestment plan.

(Pic: CPT Global)

 

The top buyers

The biggest buy was made by Peter Cook from gold developer Westgold Resources (ASX:WGX). He purchased $981,280 worth of shares on market.

Other energy and resources buyers included Aurelia Metals (ASX:AMI) director Bob Vassie who bought $100,000 and Fitzroy River (ASX:FZR) Susan Thomas who bought just over $500,000 in her company’s rights issue.

James Synge of Life360 (ASX:360) bought $171,000 of shares in his San Francisco tech company which in recent weeks has been approaching levels not seen since its 2019 IPO.

The company, which runs an app allowing parents to track their children,  has grown thanks to substantial revenue growth in recent months. It has also reported receiving M&A interest without being specific about potential partners.

Medtech Aroa Biosurgery (ASX:ARX), which is a more recent listee having debuted in July last year, saw John Diddams buy $238,680 in shares.

And Nathan Mitchell from mining services stock Mitchell Services (ASX:MSV) bought $193,724.