Director trades: who is buying and selling their own stock
The biggest sale of the week goes to the boss of retail credit provider Zip Co.
Larry Diamond sold 6.6 million Zip Co (ASX:Z1P) shares off market, pocketing nearly $7m. He now owns 61 million shares.
Capilano Honey (ASX:CZZ) managing director Benjamin McKee got a nice payday after accepting the $21-per share takeover offer made by a Chinese-backed private equity fund and a local outfit.
He received roughly $1.2m for his 55,530 shares.
Watpac (ASX:WTP) managing director Martin Monro also accepted a takeover offer, from its biggest shareholder. The 92c-per-share-offer netted him $414,000 for his share package.
>> Scroll down to find out who the movers and shakers were last week.
The biggest buy of the week, meanwhile, was done by Phylogica (ASX:PYC) chairman Alan Tribe. He sunk a hefty $3.7m to pick up an extra 124.5 million shares in a capital raising.
Phylogica non-executive director Bernard Hockings also participated in the capital raising, contributing $1m to add another 33.3m shares to his portfolio.
The ones to keep an eye on
Falling outside our $100,000+ club are a handful of traders who have been active recently.
Biotron’s (ASX:BIT) Robert Thomas has made his fourth sale since the company’s share price surged following indications that its drug might help with HIV.
He started in October with 8m shares and a 2.1m pile of options. In the ensuing weeks he’s converted a sizeable chunk of those options and sold the stock, as well as selling down his shares generally.
Mr Thomas now owns 2.7 million shares and no options.
In total, since October Mr Thomas has spent $115,287 exercising options and made $1.6m selling off stock while the sun shines on Biotron.
Tamawood (ASX:TWD) founder Lev Mizikovsky has made his third purchase in the company in the last two weeks.
This one was just a small purchase of $38,164, but in total it adds up to $442,216.
Before November, the only other time Mr Mizikovsky traded in 2018 was in May.
And is Transcendence Technologies (ASX:TTL) about to do something?
All three directors just got a pile of performance-linked incentive options.
New director Patrick Burke and his colleague got 3 million each, while Perth lawyer Peter Wall got 5.5 million.
Transcendence mentioned in February that it wanted to join the blockchain bandwagon, but nothing came of it. It’s now reviewing whether it wants to keep its only other asset, software for the self-managed-funds sector.