Directors’ Trades: Which big bank directors topped up their holdings this past fortnight?
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Only a few weeks after big bank Westpac (ASX:WBC) downgraded its profit, two directors took a leap of faith by purchasing shares on market.
Its shares have dropped 13% over the past month and it is the only big bank to be below its mid-February 2020 peak.
But three of the company’s directors betted on the company to bounce back. John McFarlane bought $115,911, Audette Excel bought $101,015 and Michael Hawker bought $198,881. All three bought on market.
|AT1||Atomo Diagnostics||John Kelly||Sell||3 November||1,040,000||$286,896||On market|
|RF1||Regal Investment Fund||Michael O'Brien||Buy||4 November||36,666||$138,964||Top up facility|
|SKY||Sky Metals||Norman Seckold||Buy||5 November||1,669,437||$133,555||On market|
|HLS||Healius||Malcolm Parmenter||Sell||8 November||143,193||$713,101||On market|
|FZO||Family Zone||Matthew Stepka||Sell||5 November||1,000,000||$300,000||On market|
|IAG||Insurance Australia||Thomas Pockett||Buy||1 November||25,000||$120,000||On market|
|DMN||Dominion Minerals||David Brookers||Buy||8 October||2,500,000||$100,000||Public Offer|
|NWC||New Hope||Robert Millner||Buy||8 November||250,000||$511,650||On market|
|NWC||New Hope||Thomas Millner||Buy||8 November||100,000||$191,930||On market|
|AUZ||Aurizon||Timothy Poole||Buy||4 November||45,000||$153,000||On market|
|GMG||Goodman Group||Anthony Rozic||Sell||5 November||375,000||$8,976,360||On market|
|GWR||GWR Group||Tien Seng Law||Buy||25 August||11,900,000||$2,142,000||Off market|
|LRL||Labyrinth Resources||Ross Graham||Buy||8 Nov||16,000,000||$480,000||Placement|
|WBC||Westpac||Audette Exel||Buy||5 November||4,450||$101,015||On market|
|WBC||Westpac||Michael Hawker||Buy||3 November||8,655||$198,881||On market|
|OCL||Objective Corporation||Gary Fisher||Sell||9 November||2,000,000||$40,400,000||On market|
|SHJ||Shine Justice||Simon Morrison||Buy||5 November||275,000||$371,003||On arket|
|HMC||Home Consortium||Christopher Saxon||Buy||9 November||18,825||$150,977||On market|
|SNG||Siren Gold||Brian Rodan||Buy||8 November||324,000||$124,444||On market|
|LKE||Lake Resources||Nicholas Lindsay||Buy||9 November||600,000||$637,267||On market|
|IMA||Image Resources||Li Huang Cheng||Buy||8 November||2,500,000||$501,078||On market|
|ORE||Orocobre||Martin Perez de Solay||Sell||10 November||50,000||$459,500||On market|
|HNR||Hannans||Markus Bachmann||Buy||8 November||8,112,839||$203,821||Rights Issue|
|DEG||De Grey Mining||Simon Lill||Sell||11 November||500,000||$598,564||On market|
|AFR||African Energy Resources||Alasdair Cooke||Buy||21 October||5,000,000||$100,000||Placement|
|GNG||GR Engineering Services||Geoffrey Jones||Sell||9 November||878,102||$1,571,890||Of market|
|E2M||E2 Metals||Todd Williams||Buy||11 November||400,000||$100,000||Off market|
|MBH||Maggie Beer||Maggie Beer||Buy||12 November||400,000||$180,415||On market|
|SWM||Seven West Media||David Evans||Buy||11 November||470,000||$274,950||On market|
|SDF||Steadfast Group||Robert Kelly||Sell||9 November||291,000||$1,455,000||On market|
|NCM||Newcrest Mining||Peter Tomsett||Buy||11 November||20,000||$512,356||On market|
|MTO||Motio||Harley Grosser||Buy||10 November||2,321,791||$209,010||On market|
|ORA||Orica||Boon Swan Foo||Buy||15 November||16,000||$334,315||On market|
|INA||Ingenia||James Hazel||Buy||15 November||20,904||$127,932||Rights Issue|
|RMG||Resource Mining Corporation||Zhang Chi||Sell||12 November||136,793,768||$1,000,000||Off market|
|NCM||Newcrest Mining||Sandeep Biswas||Sell||11 November||18,304||$468,411||On market|
|NCM||Newcrest Mining||Gerard Bond||Sell||11 November||6,031||$154,337||On market|
|LVH||Livehire||Michael Rennie||Buy||11 November||260,000||$100,145||On market|
|ICL||ICeni Gold||Brian Rodan||Buy||15 November||503,500||$123,086||On market|
|INA||Ingenia||Simon Owen||Sell||10 November||75,950||$500,192||On market|
|EPD||Empired||Richard Bevan||Sell||16 November||79,800||$107,730||Takeover|
|EPD||Empired||John Bardwell||Sell||16 November||4,300,000||$5,805,000||Takeover|
|EPD||Empired||Russel Baskerville||Sell||16 November||14,006,883||$18,909,292||Takeover|
|EPD||Empired||Cristiano Nicolli||Sell||16 November||373,500||$504,225||Takeover|
|EPD||Empired||Thomas Stianos||Sell||16 November||243,200||$328,320||Takeover|
|APM||APM Human Services||Megan Wynne||Sell||17 November||8,573,563||$30,436,149||Sell down|
|TAH||Tabcorp Holdings||Bruce Akhurst||Sell||12 November||30,000||$154,197||On market|
|APM||APM Human Services||Simone Blank||Sell||17 November||252,130||$895,062||Sell down|
|APM||APM Human Services||Robert Melia||Sell||17 November||700,000||$2,485,000||Sell down|
|APM||APM Human Services||Michael Anghie||Sell||17 November||11545462||$40,986,390||Sell down|
|MGH||Maas Group||Stephen Bizzell||Buy||12 November||36,363||$199,997||Placement|
|NHF||NIB||Mark Fitzgibbon||Buy||11 November||47,000||$340,265||On market|
|INA||Ingenia||John McLaren||Buy||15 November||7,897,300||$48,331,476||Rights Issue|
|INA||Ingenia||Gary Shiffman||Buy||15 November||7,897,300||$48,331,476||Rights Issue|
|LOT||Lotus Resources||Grant Davey||Sell||17 November||5,099,284||$1,730,034||Off market|
|3PL||3P Learning||Allan Brackin||Buy||12 November||72,895||$107,393||On market|
|AUZ||Aurizon||Andrew Harding||Buy||17 November||1,000,000||$3,414,000||On market|
A significant portion of directors who bought came from the coal and gold sectors.
Aurizon (ASX:AUZ), which is in the industry as a coal transportation firm, had two directors open their wallets. First Timothy Poole who bought $153,000, and a few days later Andrew Harding who bought $3.4 million.
Other commodities saw a handful of purchases too, including from Lake Resources’ (ASX:LKE) Nicholas Lindsay who bought $637,267 on market and David Brooks from lime explorer Dominion Minerals (ASX:DLM) who bought $2.5 million as part of the reverse takeover which saw it list.
Last week the takeover of Empired (ASX:EPD) finally went ahead and all directors sold their shares with the biggest two being Russell Baskerville who parted with $18.9 million and John Bardwell who sold $5.8 million.
The latter trade was part of a selldown as part of the IPO and three other APM directors also participated, with the next biggest being Megan Wynne who sold over $30 million.
Newcrest (ASX:NCM) directors Sandeep Biswas and Gerard Bond sold $468,411 and $154,337 respectively – both to pay a tax liability rising as a result of the release of ordinary shares under Newcrest’s Employee Share Scheme.