One director is backing Tubi (ASX:2BE) hard, injecting $1.2m into the industrial pipemaker.

Anthony Willsallen showed his confidence in the company, increasing his shareholding in a rights issue.

Pipes have been in hot demand during COVID, with Tubi reporting recently that increased orders drove production up 55 per cent in the June quarter.

Marcello Russo also participated in Tubi’s capital raising, dropping in $200,000.

Michael Kay bought nearly $150,000 worth of shares in City Chic Collective (ASX:CCX) in a share purchase plan.

The fashion retailer reported a 31 per cent increase in revenues to $194.5m and a profit before tax of $16.7m for FY20.

While the company was forced to close many of its stores due to the pandemic, online sales continued unaffected and now account for two thirds of the company’s global business.

Online marketplace Redbubble (ASX:RBL) is also doing well, with its share price nearly quadrupling in six months and the company on the cusp of becoming a $1bn stock.

Redbubble is a global online marketplace for print-on-demand products based on user-submitted artwork.

Bean Heap, who only joined the company in April, opted to buy $186,759 on market.

Code Company Director Change Date Volume $ What
CL1 Class Matthew Quinn Buy 14 August 70,000 $139,300 On market
FXL Flexiroam Ong Thian Choy Buy 14 August 20,333,333 $203,333 Rights Issue
AMH AMCIL Rupert Myer Buy 12 August 389,536 $365,669 On market
2BE Tubi Anthony Willsallen Buy 12 August 13,333,334 $1,200,000 Rights Issue
2BE Tubi Marcello Russo Buy 12 August 2,222,222 $200,000 Rights Issue
SO4 Salt Lake Potash Tony Swiericzuk Buy 17 August 400,000 $200,000 Rights Issue
SO4 Salt Lake Potash Ian Middlemas Buy 17 August 2,750,000 $1,375,000 Rights Issue
KRR King River Resources Anthony Barton Buy 19 August 4,545,455 $150,000 SPP
MTH Mithril Resources Garry Thomas Buy 19 August 7,000,000 $126,000 Placement
BBN Baby Bunting Matthew Spencer Sell 17 August 250,000 $1,097,500 On market
GMR Golden Rim Resources Adonis Pouroulis Buy 18 August 24,600,000 $150,060 Placement
EHE Estia Health Warwick Smith Buy 21 August 65,000 $101,251 On market
BWX BWX Ian Campbell Sell 24 August 45,000 $201,685 On market
EOF Ecofibre Barry Lambert Sell 21 August 51,204 $143,371 On market
RBL Redbubble Ben Heap Buy 25 August 50,000 $186,759 On market
AJQ Armour Energy Stephen Bizzell Buy 25 August 7,575,000 $174,225 Rights Issue
RCP Redbank Copper Daryl Henthom Buy 26 August 6,621,073 $165,527 Rights Issue
CL1 Class Kathryn Sue Foster Sell 24 August 80,000 $152,775 On market
ANO Advance Nanotek Lev Mizikovsky Buy 26 August 61,090 $201,597 On market
WML Woomera Mining David Lindh Buy 19 August 13,045,685 $156,548 Rights Issue
CCX City Chic Collective Michael Kay Buy 24 August 49,180 $149,999 SPP
BIS Bisalloy Steel Phillip Cave Sell 26 August 7,016,575 $7,718,233 On market
CXZ Connexion Telematics Aaryn Nania Sell 26 August 101,647,641 $2,947,782 On market
TTM Titan Minerals Laurence Marsland Buy 25 August 3,846,154 $250,000 Placement
PSQ Pacific Smiles Group Benjamin Gisz Buy 27 August 941,653 $1,652,413 On market
SSG Shaver Shop Brian Singer Sell 25 August 3,000,000 $2,700,000 On market
SOM Somnomed Gaetano Russo Buy 28 August 130,000 $203,303 On market
NVX Novonix Gregory Baynton Sell 28 August 5,000,000 $8,150,000 On market

 

Mostly gold, but potash gets a look in

There were another handful of directors of small caps in the resources sector. This included buyers of a number of gold stocks despite the gold rally stalling in recent days.

West Australia-focused King River Resources’ (ASX:KRR) saw Anthony Barton buy $150,000 in a share purchase plan, while Golden Rim Resources’ (ASX:GMR), which is focused on West Africa, saw Adonis Pouroulis chip in another $150,060 in a placement.

Laurence Marsland, a director of Ecuador-focused Titan Minerals (ASX:TTM), bought $250,000 worth of shares in a placement.

In the potash sector, Tony Swiericzuk and Ian Middlemas topped up their shareholdings in Salt Lake Potash (ASX:SO4).

This company is on the cusp of bringing its Lake Way project in WA’s Goldfields region into production. Lake Way is expected to produce 245,000 tonnes per annum of sulphate of potash —  generating after tax free cash flow of $78m each year.

Another buyer was Daryl Henthom, a director of copper play Redbank (ASX:RCP) which has projects in South Australia and the Northern Territory. He bought $165,527 worth of shares in a rights issue.

 

Sellers

Last week’s biggest seller was Phillip Cave who hails from Anchorage Capital — Bisalloy Steel’s (ASX:BIS) former largest shareholder.

He stood down as Bisalloy chairman last week and all of Anchorage’s holdings were sold, amounting to $7.7m and accounting for over 15 per cent of the company.

Baby Bunting’s (ASX:BBN) Matthew Spencer sold just over $1m worth of shares, while Brian Singer sold $2.7m worth of Shaver Shop (ASX:SSG) shares.