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Directors Trades: There’s been an avalanche of big trades in recent days
Director Trades
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In the past fortnight there were over 30 directors trades of $100,000 or more among ASX small cap directors.
The list included multiple groups of directors. Five directors from water treatment stock Phoslock (ASX:PET) put in $1.3m between them as part of a placement.
More than half of the investment came from deputy chairman Zhigang Zhang. Another $250,000 came from newcomer Lachlan McKinnon, who replaced departing company veteran Robert Schuitema.
Mortgage broker Australian Finance Group (ASX:AFG) saw four directors sink over six figures into a capital raising of its own.
Tipping in the most was Malcolm Watkins with over $3m and Brett McKeon with $1m. Craig Carter bought $146,364 worth of shares, while Anthony Gill bought $235,228.
Two directors of Queensland renewable energy play Genex Power (ASX:GNX) sold down their shareholdings.
Company founders Simon Kidston and Michael Addison sold $500,750 and $800,000 respectively. According to Genex, it was to pay tax liabilities and fund property renovations.
Finally, coal stock TerraCom (ASX:TER) saw multiple directors, including Craig Ransley and Glen Lewis, buy $11.4m in shares.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| GMV | G Medical Innovations | Yacov Geva | Sell | 22 May | 41,125,000 | $3,330,000 | Off market |
| PSC | Prospect Resources | Hugh Warner | Buy | 18 May | 4,091,668 | $204,583 | Rights Issue |
| AO1 | Assetowl | Simon Trevisan | Buy | 25 May | 15,112,500 | $120,900 | Rights Issue |
| AGY | Argosy Minerals | Alexander Molyneux | Sell | 21 May | 3,550,000 | $184,275 | On market |
| CLB | Candy Club | James Baillieu | Buy | 26 May | 1,274,442 | $125,632.00 | On market |
| AFG | Australian Finance Group | Anthony Gill | Buy | 25 May | 204,546 | $235,228 | Rights Issue |
| AFG | Australian Finance Group | Malcolm Watkins | Buy | 25 May | 2,686,506 | $3,089,482 | Rights Issue |
| AFG | Australian Finance Group | Brett McKeon | Buy | 25 May | 869,566 | $1,000,001 | Rights Issue |
| AFG | Australian Finance Group | Craig Carter | Buy | 25 May | 127,273 | $146,364 | Rights Issue |
| CIO | Champion Iron | David Cataford | Sell | 21 May | 300,000 | CA$690,000 | On market |
| EVS | Envirosuite | Hugh Robertson | Buy | 27 May | 1,277,659 | $169,436 | Off market |
| LTR | Liontown Resources | Timothy Goyder | Buy | 26 May | 2,400,000 | $300,000 | On market |
| OSL | Oncosil Medical | Roger Aston | Buy | 28 May | 1,137,869 | $102,408 | Rights Issue |
| DGO | DGO Gold | Brue Parncutt | Sell | 28 May | 100,000 | $150,000 | Off market |
| UCM | Uscom | Xianhui Meng | Buy | 22 May | 544,559 | $122,696 | On market |
| MVF | Monash IVF | Richard Henshaw | Buy | 27 May | 335,517 | $174,469 | Rights Issue |
| EXP | Experience Co | Anthony Boucaut | Sell | 26 May | 713,000 | $103,385 | On market |
| OFX | OFX | Grant Murdoch | Buy | 21 May | 100,000 | $135,033 | On market |
| TER | TerraCom | Craig Ransley & Glen Lewis | Buy | 29 May | 67,359,578 | $11,451,128 | Off market |
| MCP | McPhersons | Laurence McAllister | Sell | 28 May | 50,000 | $134,676 | On market |
| DDR | Dicker Data | Fiona Brown | Buy | 1 June | 14,700 | $103,448 | Dividend Reinvestment Plan |
| AVH | Avita Medical | Michael Perry | Sell | 2 June | 4,953,151 | $2,382,961 | On market |
| PET | Phoslock Environmental Technologies | Brenda Shanahan | Buy | 3 June | 200,000 | $100,000 | Placement |
| PET | Phoslock Environmental Technologies | Lachlan McKinnon | Buy | 3 June | 500,000 | $250,000 | Placement |
| PET | Phoslock Environmental Technologies | Zhigang Zhang | Buy | 3 June | 1,500,000 | $750,000 | Placement |
| PET | Phoslock Environmental Technologies | Ningping Ma | Buy | 3 June | 200,000 | $100,000 | Placement |
| PET | Phoslock Environmental Technologies | Laurence Freedman | Buy | 3 June | 200,000 | $100,000 | Placement |
| GTG | Genetic Technologies | Jerzy Muchnicki | Buy | 29 May | 41,733,332 | $200,000 | On market |
| AGS | Alliance Resources | Ian Gandel | Buy | 4 June | 18,281,154 | $1,462,492 | Rights Issue |
| GNX | Genex Power | Simon Kidston | Sell | 3 June | 2,500,000 | $500,750 | Off market |
| GNX | Genex Power | Michael Addison | Sell | 2 June | 4,000,000 | $800,000 | Off market |
The solo traders
The biggest solo trade came from Ian Gandel, who continues buying more of gold junior Alliance Resources (ASX:AGS). He acquired another $1.46m in shares as part of a rights issue.
Last year he made a bid to acquire the whole company which resulted in him gaining a hefty stake in the company, but not quite 100 per cent.
Another notable resources identity, Timothy Goyder, took another leap of faith in lithium play Liontown Resources (ASX:LTR), purchasing $300,000 worth of shares.
Consumer stocks saw notable buyers too. Victorian business identity James Baillieu made another vote of confidence in sweet distributor Candy Club (ASX:CLB), buying just over $125,000.
Monash IVF’s (ASX:MVF) Richard Henshaw bought $174,469 of the IVF provider’s shares while AssetOwl’s (ASX:AO1) Simon Trevisan bought $120,900. Both buys were part of a rights issue.
Grant Murdoch, of forex service provider OFX (ASX:OFX), bought $135,033 on market.
Among the solo sellers, the biggest was G Medical Innovations (ASX:GMV) chief Yacov Geva, who parted with $3.3m worth of shares.
G Medical told shareholders the sale was to an institutional investor and done to repay a third party loan which he secured to advance funds to the company.
Avita Medical (ASX:AVH) boss Michael Perry sold $2.3m to pay a tax bill. However, thanks to the vesting of restricted stock units (having served the company for three years), he finished last week with more shares than what he began with.
