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Directors Trades: Uniti directors have added to their pile of shares again
Director Trades
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It’s been a while between drinks but Uniti Group’s (ASX:UWL) directors are back investing in their own company.
The telco, which was 2019’s most successful IPO, had been quieter on the acquisition front in 2020 after a busy 2019, made possible through multiple capital raisings in which its directors participated.
In June, Uniti got back to it, announced the snap up of fellow 2019 telco ASX debutante OptiComm (ASX:OPC).
Uniti’s focus is the business-to-business market segment, while OptiComm targets planned lifestyle communities such as retirement villages.
Its directors once again bought shares as part of the capital raising to make the deal possible.
Leading was Vaughan Bowen who bought another $3.75 million, Michael Simmons who bought $250,600 and Graeme Barclay who bought $603,400.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| VVA | Viva Leisure | Susan Forrester | Buy | 1 July | 63,335 | $139,337 | Rights Issue |
| MDI | Middle Island Resources | Bradley Marwood | Sell | 2 July | 5,500,000 | $120,131 | On market |
| RFF | Rural Funds Group | Michael Carroll | Buy | 6 July | 124,862 | $249,724 | On market |
| VEN | Vintage Energy | Neil Gibbins | Buy | 7 July | 3,305,556 | $119,000 | Placement |
| VEN | Vintage Energy | Reginald Nelson | Buy | 7 July | 4,083,333 | $147,000 | Placement |
| MGX | Mt Gibson Iron | Lee Seng Hui | Buy | 8 July | 989,676 | $643,576 | On market |
| GTE | Great Western Exploration | Grey Egerton-Warburton | Buy | 9 July | 12,000,000 | $120,000 | Rights Issue |
| GTE | Great Western Exploration | Ross Williams | Buy | 9 July | 12,018,156 | $120,182 | Rights Issue |
| HTG | Harvest Technology Group | Paul Guilfoyle | Sell | 6 July | 500,000 | $121,426 | On market |
| KLL | Kalium Lakes | Brett Hazelden | Buy | 9 July | 2,589,604 | $388,441 | Placement |
| UWL | Uniti Group | Vaughan Bowen | Buy | 13 July | 2,676,112 | $3,757,026 | Rights Issue |
| UWL | Uniti Group | Michael Simmons | Buy | 13 July | 179,000 | $250,600 | Rights Issue |
| UWL | Uniti Group | Graeme Barclay | Buy | 13 July | 431,000 | $603,400 | Rights Issue |
| BCB | Bowen Coking Coal | Matthew Latimore | Buy | 13 July | 12,000,000 | $648,000 | On market |
| BBX | BBX Minerals | Jeffrey McKenzie | Buy | 8 July | 2,750,000 | $192,150 | Off market |
| CLB | Candy Club | James Baillieu | Buy | 13 July | 813,272 | $116,135 | On market |
| RDH | Redhill Education | Henry Deane | Buy | 10 July | 168,001 | $100,801 | Rights Issue |
| ADA | Adacel Technologies | Michael McConnell | Buy | 15 July | 320,000 | $182,119 | On market |
| NVX | Novonix | Robert Natter | Sell | 14 July | 250,000 | $248,332 | On market |
Other buyers
James Baillieu-backed Candy Club (ASX:CLB) did not have a good start to listed life last year but earlier this month had good news for shareholders as it announced a significant jump in revenue.
It also undertook a capital raising, tapping investors for $2.45 million. Baillieu bought another $116,135 in Candy Club shares but chose to buy on market to “make room for new institutional investors”.
The last fortnight’s second biggest buyer, after Uniti’s Vaughan Bowen, was Mt Gibson Iron (ASX:MGX) director Lee Seng Hui who purchased $643,576 on market.
Mt Gibson is one of the few small caps that can produce high-grade direct shipping ore. It sold 1 million tonnes of iron ore in the March quarter and banked $82m in revenue.
After last month buying $1.66 million, director of potash stock Kalium Lakes (ASX:KLL) Brett Hazelden bought another $388,441 of Kalium shares as contingency shares in the placement.
Private educator Redhill Education (ASX:RDH) also raised capital – $9.8 million in a rights issue. All up, four directors participated although only Henry Deane exceeded $100,000.
Having a heavy focus on the international student market, it was heavily hit by Australia’s border closure.
Despite joining industry calls for a “travel bubble” allowing select student to return subject to completing quarantine on arrival, it said the raise would set it up well for the future.
After spending several months suspended Kula Gold (ASX:KGD) will recommence trading and directors Mark Stowell and John Hannaford bought $228,786 and $100,000 respectively in the rights issue that made it possible.
The company offloaded its gold project last July and spent several months searching for another – a significant part of it suspended after the ASX formed the view its activities were adequate to warrant a public listing.
It has since gained tenement around Lake Rebecca and says it is looking forward to commencing exploration “in the near future.
Sellers
Three directors sold over $100,000 in shares this week but all were after exercising of the options.
Two of them explicitly stated it was to pay the consequential tax bill: namely Middle Island Resources’ (ASX:MDI) Brad Marwood and Harvest Technology’s (ASX:HTG) Paul Guilfoyle. The third was Novonix’s (ASX:NVX) Robert Natter.
