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.
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.