Director Trades: Which big wigs are buying and selling their own stock?
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Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Oct 8):
There were only two small cap directors on millionaire’s row last week but — as a pleasant change — one was a woman.
Women make up a tiny proportion of ASX small cap director trades.
It’s a factor that reflects the hundreds of small cap boards — yes, hundreds — that are haven’t yet considered the other 50 per cent of the talent pool.
This week Christine Parkes became a millionaire after Total Face Group (ASX:TFG) bought her company for 51.7m shares, worth $2.6m.
But did Total Face acquire Ms Parkes, or was it the other way around? Ms Parkes is now CEO and managing director of the listed company, which is worth about $13.8m.
Of the 30-odd million-dollar deals we’ve noted in this column over the past two months three have been made by women.
>> Scroll down for a list of notable ASX small cap director trades last week
And now back to #himtoo.
Jumbo Interactive (ASX:JIN) boss Mike Veverka last week exercised 150,000 options with a 29c strike price.
The stock was trading at $7.46 on Friday. He came out $2.1m up after selling just under 300,000 shares.
Avenira (ASX:AEV) directors David Mimran, Timothy Cotton and Farouk Chaouni have between them spent $1.3m in the miner, after companies they wholly control bought into a capital raising to support its Senegal phosphate project.
Mr Cotton and Mr Chaouni together own most or all of Vulcan Phosphates and Baobab Group, while Mr Chaouni owns Tablo Corp.
They are part of a massive seven-person board — the company is only worth $18m — as the three men control 44.14 per cent of Avenira.
One to watch is Alex Waislitz at Thorney Technologies (ASX:TEK).
While last week’s purchase wasn’t large, he has made a flurry of purchases in the tech investor since the end of September.
It’s diversion from his usual form: Thorney backdoor listed on to the ASX in 2016 and Mr Waislitz made only one trade a year until September 24 this year.
In three smallish trades, Mr Waislitz bought 525,000 shares, all for 24c each, or a total of $124,164.
He owns 22.3 per cent of Thorney.
Here’s a list of notable ASX small cap director trades made last week:
Swipe or scroll to reveal full table. Click headings to sort
|ASX code||Company||Director||Change||Date||Volume||$||Where||Total holdings controlled|
|CAY||Canyon Resources||Phillip Gallagher||Buy||Oct 5||5m||410000||Exercise options||12.4|
|CAY||Canyon Resources||Phillip Gallagher||Sell||Oct 5||2.4m||410000||Off market||7.4m|
|GMY||Goldfields Money||Simon Lyons||Buy||Sept 17||298,000||387400||Placement||929,333|
|MNY||Money 3||Scott Baldwin||Sell||Oct 2||180,938||402663||On market||4.4m|
|AEV||Avenira||Farouk Chaouni||Buy||Oct 8||33.3m||666666||Placement||14m|
|AEV||Avenira||David Mimran||Buy||Oct 8||33.3m||666666||Placement||225.6m|
|AEV||Avenira||Timothy Cotton||Buy||Oct 8||33.3m||666666||Placement||14m|
|EOS||Electro Optic Systems||Ian Dennis||Sell||Oct 5||85,025||266086||On market||290,180|
|BNR||Brainchip||Steven Liebeskind||Buy||Oct 9||900,000||108000||Convert performance rights||11.6m|
|BNR||Brainchip||Louis DiNardo||Buy||Oct 9||2m||$280,000||Convert performance rights||15m|
|BNR||Brainchip||Adam Osseiran||Buy||Oct 9||900,000||108000||Convert performance rights||9.3m|
|BYE||Byron Energy||William Sack||Buy||Oct 5||1.7m||452000||Exercise options||3.6m|
|ENM||Euro Manganese||Marco Romero||Buy||Oct 2,3,4||916,000||215735||On market||9.3m|
|GBZ||GBM Resources||Peter Thompson||Buy||Oct 9||10m||500000||Placement||24.2m|
|GBZ||GBM Resources||Neil Morris||Buy||Oct 9||10m||500000||Placement||24.1m|
|TFG||Total Face Group||Christine Parkes||Buy||Oct 8||51.7m||2586277||Acquisition||51.7m|
|TEK||Thorney Technologies||Aex Waislitz||Buy||Oct 9||75,687||18164||On market||57.4m|
|JIN||Jumbo Interactive||Mike Veverka||Buy||Oct 3||150,000||525000||Exercise options||9.5m|
|JIN||Jumbo Interactive||Mike Veverka||Sell||Oct 3||294,232||2317069||On market||9.4m|
|5GN||5G Networks||Albert Cheok||Buy||Oct 10||250,000||150000||Debt conversion to equity||2.5m|
|FDM||Freedom Oil and Gas||Nigel Smith||Buy||Oct 9,10,11||1m||182980||On market||6m|
|IOD||IODM||Mark Reilly||Buy||Oct 9||10m||140000||Off market||33.3m|