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.