Directors’ Trades: This ex-NRL player chipped $6.8m more into his industrial company

Director Trades Nick Sundich
Multimillion dollar traders directors

Wes Maas in action during the South Sydney Rabbitohs pre season training in preparation for the 2002 NRL season held at Erskinville Oval in Sydney. Australia (Pic: Getty)

The most noteworthy directors trade over $100,000 was a $6.8 million buy made by a former NRL player.

Wes Maas played two first-grade games for South Sydney in 2002 but after that founded civil and mining construction company Maas Group (ASX:MGH), It listed on the ASX in December last year and is a $1.3 billion company.

During the IPO Maas sold down his holdings from 77.4 per cent to 55.6 per cent.

But earlier this month he chipped a bit more into his company, investing over $6 million into his company through a Dividend Reinvestment Plan and off-market trade.

A number of Maas’ colleagues also participated in the Dividend Reinvestment Plan but none of them came close to matching their boss’ investment due to their smaller stakes in the company.

Code Company Director Change Date Volume $ What
PWR PWR Holdings Kees Weel Sell 30 April 689,531 $4,213,034 On market
M7T Mach7 Technologies Mike Lampron Sell 30 April 116,607 $140,745 On market
BPT Beach Energy Richard Richards Buy 3 May 200,000 $256,000 On market
NTO Nitro Software John Dyson Sell 30 April 17,393,001 $54,787,953 Off market
MGH Maas Group Wesley Maas Buy 30 April 2,059,932 $6,824,324 Dividend Reinvestment Plan & Off market
SGF SG Fleet Robbie Blau Buy 30 April 706,342 $1,730,538 Rights Issue
ALK Alkane Resources Ian Gandel Buy 3 May 3,400,000 $2,920,940 On market
MNB Minbos Resources Peter Wall Buy 30 April 1,250,000 $100,000 Placement
HUM Humm Andrew Abercrombie Buy 4 May 1,135,105 $1,042,412 On market
NIB Nib Mark Fitzgibbon Sell 30 April 45,000 $275,063 On market
NEA Nearmap Ross Nogard Buy 7 May 500,000 $928,496 On market
BDM Burgundy Diamond Mines Michael O'Keeffe Buy 11 May 327,941 $111,500 On market
TPG TPG Telecom Robert Millner Buy 7 May 100,000 $544,050 On market
KP2 Kore Potash David Hathorn Buy 6 May 23,056,653 $350,000 Placement
AMA AMA Group Carl Bizon Buy 11 May 200,000 $100,880 On market
TPG TPG Telecom Inaki Berroeta Buy 11 May 116,000 $599,580 On market
CCE Carnegie Clean Energy Michael Fitzpatrick Sell 11 May 563,051,281 $1,709,459 On market
UOS United Overseas Australia Kong Choong Soon Buy 13 May 1,000,000 $725,000 Off market
MNS Magnis Frank Poullas Buy 13 May 616,074 $184,773 On market
CAV Carnavale Resources Ron Gajewski Buy 13 May 15,000,000 $105,000 Capital raising
AIM Access Innovations Holdings Anthony Abrahams Buy 10 May 250,000 $200,000 Rights Issue
AIM Access Innovations Holdings Deanne Weir Buy 11 May 2,500,750 $2,000,600 Rights Issue
SLK SeaLink Travel Group Lance Hockridge Buy 12 May 32,500 $317,525 On market
AIM Access Innovations Holdings John Martin Buy 10 May 188,023 $150,418 Rights Issue
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Multimillion dollar traders

Sticking with directors who used to be footy players; one is Mike Fitzpatrick of Carnegie Clean Energy (ASX:CCE).

You may remember him as chairman of the AFL Commission but he was also a player representing Subiaco in the WAFL between 1970 and 1974 followed by Carlton in the VFL between 1975 and 1983.

Fitzpatrick parted ways with over $1.7 million in shares of the microcap renewable energy play in an on-market trade.

But this trade was not the biggest of the fortnight. That mantle belonged to Nitro Software (ASX:NTO) director John Dyson who sold nearly $55 million of shares in an off-market trade.

These shares were owned by his venture capital firm Starfish Ventures.

Returning to the buyers and the next biggest was Ian Gandel of porphyry hunter Alkane Resources (ASX:ALK) who chipped in $2.9 million.

Other big buyers were Andrew Abercrombie of Humm (ASX: HUM) and Robbie Blau of SG Fleet (ASX:SGF) who both chipped in over $1 million.

Of directors who stumped up six figures, some of the larger trades included a $725,000 off-market buy by Malaysian millionaire Kong Choong Soon of Malaysian property developer United Overseas Australia (ASX:UOS) as well as Inaki Berroeta of telco TPG (ASX:TPG) who bought $599,580 of shares on-market right before the stock was removed with its acquisition by Vodafone taking effect.

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