Directors Trades: There’s been an avalanche of big trades in recent days
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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.
|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 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.
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.