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.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| 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 |
Other buyers
A significant portion of directors who bought came from the coal and gold sectors.
New Hope (ASX:NWH) directors Thomas and Robert Millner both chipped in with $191,930 being bought indirectly and Robert buying another $120,450 directly and $199,270 indirectly.
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.
Peter Tomsett from gold miner Newcrest (ASX:NCM) bought just over $500,000 on market.
At the other end of the gold industry, explorer Labyrinth (ASX:LRL) had three directors buy into a placement, although just one, Ross Graham, exceeded $100,000, purchasing $480,000.
Brian Rodan from Siren Gold (ASX:SNG) bought $124,444 in a capital raising while Norman Seckold from Sky Metals (ASX:SKY) bought $133,555 on market.
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.
Sellers
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.
There were two sales over $40 million – first Gary Fisher from Objective Corp (ASX:OCL). The second came from Michael Anghie of recent listee APM Human Services (ASX:APM).
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.
Anthony Rozic from real estate investor Goodman Group (ASX:GMG) parted with just over $8 million in shares in an on market trade.