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Directors Trades: These familiar big buyers bought another $1.7m in stock last week
Director Trades
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The most successful IPO of 2019 has been telco Uniti Wireless (ASX:UWL), building itself through market excitement and acquisitions.
But the latter has to be paid for and most recently it snapped up phone-word inventory 1300 Australia – paying $78m.
Once again, a group of directors chipped in. First was Vaughan Bowen who came to the company from Vocus Group in March. He bought $1.3m and now owns $12.5m worth of stock.
He bought $951,561 in March which was $4.4m by June, then be bought another $1.55m.
Barclay bought another $200,000 this week and now owns just over $6.5m worth of shares. Also, Michael Simmons bought another $162,000 taking his shareholding value to over $13m.
More group buying
A trio of directors from payments platform EML Payments’ (ASX:EML) also bought this week. In the company’s retail rights issue, David Liddy bought $568,000, Peter Martin bought $226,415 and Thomas Cregan bought almost $5.2m.
Two directors from Latin America-focused lithium play PepinNini Lithium (ASX:PNN) went shopping together as well. Rebecca Holland-Kennedy chipped in nearly $5m, while Sarah Clifton-Brown spent $100,000 on more shares.
Shaun Scott of coal seam gas play Comet Ridge (ASX:COI) bought $114,000 worth of shares and Alta Zinc’s (ASX:AZI) Geraint Harris bought $150,000.
Civil engineering firm MacMahon Holdings (ASX:MAH) saw Bruce Munro spend $125,000 on market.
Robert Sofoulis from digital media platform Swift Media (ASX:SW1) bought $325,000 worth in a placement.
Sellers
There were two sellers this week, first was Imdex’s (ASX:IMD) Bernie Ridgeway who sold $600,000 to pay a tax bill, although in the same week he also bought $100,000.
Second was AMA Group’s (ASX:AMA) Leath Nicholson, who sold $121,288 saying he had to meet a financial commitment. But in the same week, his colleague Andrew Hopkins bought $500,000.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| COI | Comet Ridge | Shaun Scott | Buy | 9 December | 600,000 | $114,000 | On market |
| CGR | CML Group | Geoffrey Sam | Buy | 5 December | 301,890 | $144,907 | Rights Issue |
| IMD | Imdex | Bernie Ridgeway | Sell | 6 December | 600,000 | $960,000 | On market |
| PNN | PepinNini Lithium | Rebecca Holland-Kennedy | Buy | 9 December | 29,410,765 | $4,999,830 | Rights Issue |
| PNN | PepinNini Lithium | Sarah Clifton-Brown | Buy | 9 December | 588,236 | $100,000 | Rights Issue |
| AMA | AMA Group | Leath Nicholson | Sell | 3 December | 100,000 | $121,288 | On market |
| AMA | AMA Group | Andrew Hopkins | Buy | 3 December | 500,000 | $504,070 | On market |
| EML | EML Payments | David Liddy | Buy | 6 December | 160,000 | $568,000 | Rights Issue |
| EML | EML Payments | Thomas Cregan | Buy | 6 December | 1,461,223 | $5,187,342 | |
| EML | EML Payments | Peter Martin | Buy | 6 December | 63,779 | $226,415.45 | |
| AZI | Alta Zinc | Geraint Harris | Buy | 6 December | 30,000,000 | $150,000 | Capital raising |
| MAH | MacMahon Holdings | Bruce Munro | Buy | 10 December | 500,000 | $125,000 | On market |
| UWL | Uniti Group | Graeme Barclay | Buy | 11 December | 125,000 | $202,500 | Rights Issue |
| UWL | Uniti Group | Michael Simmons | Buy | 11 December | 100,000 | $162,000 | Rights Issue |
| UWL | Uniti Group | Vaughan Bowen | Buy | 5 December | 818,490 | $1,325,954 | Rights Issue |
| SW1 | Swift Media | Robert Sofoulis | Buy | 12 December | 2,241,379 | $325,000 | Placement |
| SXY | Senex Energy | Trevor Bourne | Buy | 12 December | 500,000 | $175,419.91 | On market |
| CYM | Cyprium Metals | Gary Comb | Buy | 11 December | 476,190 | $100,439.89 | On market |
