HEAR IT FIRST WITH OUR DAILY NEWSLETTER



We don't spam. Learn more about our Privacy Policy

Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Oct 1):

There were only about 11 small cap director trades last week but two cracked the million-dollar mark.

The biggest deal was Capitol Health (ASX:CAJ) managing director Andrew Harrison’s sale of $1.8 million worth of stock.

Mr Harrison had converted 10 million options and to pay for it, then sold off 6.5 million. He is still up 3.5m shares and owns less than 1 per cent of the company.

Capitol Health unsuccessfully tried to buy larger rival Integral Diagnostics this year.

>> Scroll down for a table of major ASX small cap director trades reported last week

The other million dollar deal was Pierre Goosen’s buy-in to an Urbanise (ASX:UBN) capital raising.

Technically he didn’t actually spend the money — his UK-based financial services firm Argosy underwrote an entitlement offer. The $4 million offer saw a 56 per cent shortfall.

Mr Goosen lives in the Isle of Man and his company bought into Urbanise in January last year, and now owns 43 per cent of the company.

The buyers

Homeloans (ASX:HOM) directors Michael Jefferies and Robert Scoot swapped $620,000 worth of stock, with the latter selling 1m share to the former.

Melbourne banker David Williams was active again, spending a total of $308,000 on real estate rating site RMA Global (ASX:RMY) and medical products seller Medical Developments International (ASX:MVP)

It comes a week after it bought $84,000 worth of PolyNovo (ASX:PNV) shares.

Mr Williams now owns 30 per cent of RMA, 15 per cent of Medical, and just 2.5 per cent of PolyNovo.

Paul Atherley has made his first purchase of Pensana Metals (ASX:PM8) since joining the board in May. Usually his name pops up in relation to Berkeley Energia (ASX: BKY) where he is the chief and managing director.

Until last month Pensana was Rift Valley Resources.

Mr Artherley spent $150,000 on 10m shares as part of a recent capital raising, and that buy-in has just been approved by shareholders.

And the former Nufarm boss and wine maker has made a $107,000 purchase of Leaf Resources (ASX:LER) shares.

He bought $100,000 via a capital raising in the company he chairs.

EOFY gifts

Four directors received nig piles of stock last week in lieu of fees and as performance rights have vested.

Performance rights are an incentive given to managers and executives if the company meets set performance criteria are met, such as earnings per share targets.

The biggest winners were Base Resources’ (ASX:BSE) Colin Bwye and managing director Tim Carstons, who were the happy recipients of $2m worth of stock.

The rights were part of a long term incentive plan set up in 2015.

Immutep’s (ASX:IMM) Pete Meyers and Grant Chamberlain made the equivalent of $134,000 and and $232,000 respectively from exercising performance rights, after taking all of their fees in rights.

Screening and shade products maker Gale Pacific’s (ASX:GAP) managing director Nicholas Pritchard had 913,000 performance rights vest, worth $324,000.

Here’s a table of major ASX small cap director trades reported last week:

Swipe or scroll for full table. Click headings to sort

ASX codeCompanyDirectorChangeDateVolume$WhereTotal holdings controlled
CAJCapitol HealthAndrew HarrisonSellSept 24-286.5m1788095On market7m
JLGJohns Lyng GroupScottt DidierBuySept 25150,000131974On market58m
PM8Pensana MetalsPaul AtherleyBuySept 2510m150000Placement10m
RMYRMA GlobalDavid WilliamsBuySept 27 and Oct 1500,000118645On market109.2m
IMMImmutepPete MeyersBuyOct 22.7m0Convert performance rights5.5m
IMMImmutepGrant ChamberlainBuyOct 24.7m0Convert performance rights4.7m
HOMHomeloansMichael JefferiesBuyOct 11m620000Off market1.7m
HOMHomeloansRobert ScottSellOct 11m620000Off market12.1m
LERLeaf ResourcesDouglas RathboneBuyMay 71.4m107000Placement and on market2.8m
BSEBase ResourcesTim CarstonsBuyOct 47m0Convert performance rights9.6m
BSEBase ResourcesColin BwyeBuyOct 47m0Convert performance rights10.1m
GAPGale PacificNicholas PritchardBuyOct 1913,0000Vesting performance rights1.4m
LPDLepidicoGary JohnsonBuyOct 18.7m165192Entitlement offer362m
UBNUrbanise.comPierre GoosenBuyOct 351.2m1381451Entitlement offer230m
SVHSilver Heritage GroupMatthew HunterBuyOct 15.6m111640Entitlement offer20.9m
MVPMedical Developments InternationalDavid WilliamsBuyOct 550,406189198Dividend reinvestment plan9.5m
SRSSpicersGabriel BergerSellOct 1-54.5m234315On and off market73.4m