Romane Miradoli of France competes during the Audi FIS Alpine Ski World Cup Women's Downhill (Picture: Getty)
Directors Trades: Who bought and sold during the slide last week?
Director Trades
share
Last week the ASX shed about a tenth of its value, and it led to the most large directors trades so far this year: 18.
Maybe they were back from holidays a month later than the rest of us, or they thought they could nab a long-term bargain.
| Code | Company | Director | Change | Date | Volume | $ | What |
|---|---|---|---|---|---|---|---|
| EHL | Emeco Holdings | Ian Testrow | Sell | 19 February | 1,500,000 | $3,450,000 | On market |
| BOE | Boss Resources | Peter O'Connor | Buy | 24 February | 2,000,000 | $114,359 | On market |
| NEA | Nearmap | Susan Klose | Buy | 24 February | 100,000 | $184,703 | On market |
| SIQ | Smartgroup Corporation | Michael Carapiet | Buy | 25 February | 100,000 | $694,272 | On market |
| OBM | Ora Banda Mining | Peter Mansell | Buy | 21 February | 1,170,555 | $198,994.35 | On market |
| PGH | Pact Group Holdings | Margaret Cattermole | Buy | 20 February | 40,980 | $100,001 | On market |
| CGL | Citadel Group | Mark Mcconnell | Buy | 20 February | 27,900 | $125,429 | On market |
| MAI | Mainstream Group Holdings | Bryan Johnston | Sell | 25 February | 500,000 | $285,000 | On market |
| ZNO | Zoono Group | Paul Hyslop | Sell | 25 February | 16,800,000 | $23,228,067 | On market & Cross trade |
| MNF | MNF Group | Rene Sugo | Buy | 26 February | 100,000 | $420,000 | On market |
| PTB | PTB Group | Craig Baker | Buy | 25 February | 434,783 | $300,000 | Rights Issue |
| PTB | PTB Group | Andrew Kemp | Buy | 25 February | 626,683 | $432,411 | Rights Issue |
| PTB | PTB Group | Prince Gunasekara | Buy | 25 February | 1,157,080 | $798,385 | Rights Issue |
| AV1 | Adveritas | Matthew Ratty | Buy | 26 February | 1,470,589 | $250,000 | Placement |
| AV1 | Adveritas | Mark Mcconnell | Buy | 26 February | 1,470,589 | $250,000 | Placement |
| 5GN | 5G Networks | Joseph Demase | Sell | 24 February | 2,000,000 | $2,000,000 | Off market |
| FAR | FAR | Nicholas Limb | Buy | 24 February | 10,000,000 | $310,000 | On market |
| STX | Strike Energy | Neville Power | Buy | 27 February | 2,000,000 | $320,000 | On market |
| BFG | Bell Financial Group | Alistair Provan | Buy | 28 February | 100,000 | $113,000 | On market |
| KPG | Kelly Partners Group | Brett Kelly | Buy | 27 February | 123,622 | $112,759 | On market |
Buyers
The biggest buy came from Prince Gunasekara of PTB Group (ASX:PTB) who bought $800,000 in the company’s right’s issue. Also buying was Craig Baker and Andrew Kemp, who bought $300,000 and $432,411 respectively.
PTB Group is based in Brisbane and services turbine engines and components for aeroplanes. It claims to have one of the largest parts inventories in the Southern Hemisphere.
We love seeing our customers aircraft. Image via @seaplanemechanic @transmaldivian .
.
.
.
.#pacificturbinebrisbane #pt6 #pt6a #tpe331 #airplane #prattandwhitney #turbine #engine #brisbane #photooftheday #tourism #travelling #fun #vacation #aviationdaily #fiji #travel pic.twitter.com/tqx6WOw4qm— Pacific Turbine Brisbane (@pacificturbine) September 26, 2019
If you thought last week’s dip was bad, you clearly weren’t paying attention to the slide uranium has endured since 2007. Once fetching over $US140 ($215) per pound, the radioactive material now sells for a little over $US20 per pound.
Aspiring uranium miner Boss Resources (ASX:BOE) is one company waiting on prices to recover. The company reckons it has one of the world’s most advanced uranium developments that can be fast-tracked to restart production within 12 months.
Last week one of its directors, Peter O’Connor, bought $114,359 worth of shares only a month after Boss released its latest feasibility study.
Digital ad fraud fighter Advertisas (ASX:AV1) saw two directors, CEO Matthew Ratty and Mark McConnell, buying $250,000 each in a capital raising
Among energy directors, FAR’s (ASX:FAR) Nicholas Limb bought $310,000 and Strike Energy’s (ASX:STX) Neville Power bought $320,000.
The latter was one of 2019’s best performing gas plays with a significant discovery at West Erregulla. But an absence of news this year and market sentiment has seen it retreat.
One of the few beneficiaries in 2020 has been gold. This week only one director of a gold play picked up shares. Ora Banda Mining (ASX:OBM) chairman Peter Mansell shelled out $198,994.
The Western Australian miner is aiming to get back into production this year.
Sellers
Four directors made big sales this week.
Easily the most notable was Zoono (ASX:ZNO) boss Paul Hyslop, who sold $23,228,067 worth of shares in a block trade to Regal Funds Management.
Shareholders were told funds would be used to retire loans he made to the company over the years and he still owned 41 per cent of the firm.
This company has been the biggest ASX winner from the coronavirus, surging from 8c five months ago to nearly $2 on strong demand for its products.
For weeks one could argue people were just panic buying but on Friday it showed clinical trial results demonstrating its technology could fight the virus.
Two other directors sold over a million shares. Emeco Holdings’ (ASX:EHL) Ian Testrow sold $3.4m worth to pay a tax bill resulting from the vesting of recent performance rights.
Meanwhile, 5G Networks’ (ASX:5GN) Joseph Demase sold $2m. But Demase was left with only $500,000 less than a week ago because he exercised $1.5m worth of performance rights.
Finally, Mainstream Group (ASX:MAI) Bryan Johnston sold $285,000. According to the ASX notice he sold to an unnamed strategic investor.
