Directors Trades: This week a group of brokers joined in the action
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Ordinarily stockbroker involvement in this column is limited to facilitating the trades. But this week’s list includes a group from one of the ASX’s few brokerage stocks.
Four directors of West Australian broker Euroz (ASX:EZL) chipped in over $100,000 each, led by chairman Andrew McKenzie who bought $202,632 worth of company shares.
The group bought shares as part of the company’s Dividend Reinvestment Plan.
A DRP allows shareholders to buy more shares with their dividends rather then receiving cash back.
Two other notable groups were family members.
Brothers Greg and Douglas Solomon bought over $200,000 in South Australian-focused explorer Tasman Resources (ASX:TAS).
Mother and son duo Pnina and Sholom Feldman from pot stock Cann Global (ASX:CGB) bought $355,078 worth of shares in one trade between them.
The majority of other buyers came from the resources sector.
The biggest buyer this week was Josef El-Raghy, who hails from gold and copper explorer AIC Mines (ASX:A1M) and spent another $685,733 on shares in a rights issue.
Kobi Ben-Shabat from new WA strategic minerals explorer Suvo (ASX:SUV) bought $100,000 worth of shares.
Ian Middlemas, from one of the few lithium plays focused on North America — Piedmont Lithium (ASX:PLL), spent $188,182 to pick up more shares in a placement.
Bruce Coombes and Barry Lewin, of payment solution QuickFee (ASX:QFE), bought $210,000 worth of shares each in a capital raising.
On market sellers included Andrew Love and Gary Lawler from Champion Iron (ASX:CIA), who sold $277,000 worth of shares each and Alliance Aviation (ASX:AQZ) boss Stephen Padgett, who parted with $3.5m in shares.
Antanas Guoga, a director of one of the ASX’s few AI plays Houston We Have (ASX:HWH), sold $495,500 worth of shares as part of a block trade to institutional investors.