In many ways, stock picking and sports gambling are similar. You’re hoping you can pick a winner but you have little to no control over it.

One of the few gambling stocks on the ASX is PointsBet (ASX:PBH) which has more than doubled since its June IPO. It is the third largest player in the US sports betting market which is over $100 billion.

Recently it undertook a $122m capital raising and three directors topped up their holdings. Peter McCluskey bought $183,574, Nicholas Fahey bought $140,608 and Brett Paton bought nearly $1.9m.

They bought at the capital raising price which was a discount to its current market price of over $4.

Read More: The US sports betting market is going to be huge, according to this expert

The biggest buyer this week was Phylogica’s (ASX:PYC) Alan Tribe who bought $6.16m. This biotech stock is trying to treat a retinal disease called retinitis pigmentosa, which is the leading cause of childhood blindness.

Among ASX tech stocks, four have quadrupled or better in 12 months and one of these is Connexion Telematics (ASX:CXZ),which specialises in smart car technology.

But Aaryn Nania evidently believes its got even more room to grow. He bought $246,000.

West Australian gold miner Gateway Mining (ASX:GML) is currently reshuffling its portfolio in divesting from non-core tenements.

Its flagship project, Gidgee recently made its maiden JORC resource of 240,000 ounces at 2.2 grams per tonne gold. Peter Langworthy and Scott Brown bought $200,000 and $150,000, respectively, in a rights issue.

While the pair had agreed to back in August they had to wait for shareholder approval at the AGM due to the 15 per cent rule.

 

The sellers

Another unique industry on the ASX is timber and there is only one stock – Kangaroo Island Plantation Timbers (ASX:KPT). A trio of directors from this company traded too, but they all sold.

Shauna Black and Graham Holdaway had tax bills to pay so they sold $135,000 and $112,500 respectively. John Sergeant sold $1.4m apparently to fund a house renovation. The shares were all sold to fellow substantial holder Washington H Soul Pattinson & Company.

Also selling shares this week was Robert Hosking from Karoon Energy (ASX:KAR) who sold 2 million shares in order to exercise his rights in its upcoming capital raise.

Last week, we reported Redbubble’s (ASX:RBL) founder Martin Hosking sold $11m in shares. This week another director made a big sale – Richard Cawsley who sold just over $1m.

Code Company Director Change Date Volume $ What
MSL MSL Solutions Richard Holzgrefe Buy 9 November 1,250,000 $111,250 On market
PBH PointsBet Brett Paton Buy 11 November 584,594 $1,877,100 Rights Issue
PBH PointsBet Peter MCCluskey Buy 11 November 57,367 $183,574 Rights Issue
PBH PointsBet Nicholas Fahey Buy 11 November 43,940 $140,608 Rights Issue
KAR Karoon Energy Bruce Phillips Buy 12 November 500,000 $518,422 On market
PYC Phylogica Alan Tribe Buy 10 November 111,913,250 $6,155,229 Rights Issue
GML Gateway Mining Peter Langworthy Buy 12 November 13,333,334 $200,000 Rights Issue
GML Gateway Mining Scott Brown Buy 12 November 10,000,000 $150,000 Rights Issue
KAR Karoon Energy Robert Hosking Sell 12 November 2,000,000 $1,986,190 On market - to exercise rights
CXZ Connexion Telematics Aaryn Nania Buy 11 November 8,200,000 $246,000 On market
RBL Redbubble Richard Cawsey Sell 13 November 562,000 $1,067,800 On market
KPT Kangaroo Island Plantation Timbers Shauna Black Sell 14 November 60,000 $135,000 On market
KPT Kangaroo Island Plantation Timbers Graham Holdaway Sell 14 November 50,000 $112,500 On market
KPT Kangaroo Island Plantation Timbers John Sergeant Sell 14 November 625,000 $1,406,250 On market