Directors Trades: These familiar big buyers bought another $1.7m in stock last week
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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.
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.
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.
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.