Trading Places: Here are this week’s substantial shareholder movements

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In this new weekly column, Stockhead overviews all substantial holder filings of ASX small caps. Substantial shareholders are those holding 5% or more and these could be directors, individual investors or institutions.

Companies are required to announce when new substantial holders have come on board, when they have ceased to be shareholders or when they change their holdings. While some of these may seem minor at first glance, these show the level of confidence (or lack of) that investors hold in the Company.

Been and Gone

Animoca Brands (ASX: AB1) gained and lost a substantial holder this week.

Hong Kong investor Katherine Ching Yip bought $4.14m in shares to boost her stake from 1% to 7.7%. This transaction diluted the holdings of angel investor Startive Ventures below the 5% threshold.

After raising $417,000 and announcing it was looking for new opportunities, Factor Therapeutics (ASX: FTT) had a group of existing shareholders (led by Pura Vida Energy [ASX: PVD]) up their stake from 12% to 14.9%.

Explaurum (ASX: EXU) have been slowly been bought by aspiring acquirer Ramelius Resources (ASX: RMS) 88.9% to 92.1%. Having crossed the 90% barrier, they have announced they will acquire the Company and will complete the Offer next Friday (22 February).

Here is a wrap of all becoming or ceasing to be substantial holder notices lodged with the ASX in the last week, among small cap companies. 

Swipe or Scroll to reveal the full table. Click headings to sort.

Changers

In light of concerns over the future of the mortgage broking industry in Australia, the Commonwealth Bank reduced their stake in Mortgage Choice (ASX: MOC) from 19.81% to 18.46% – a sign that the bank has not given up on the industry but intend to hedge its bets.

Curiously, only a week ago, their primary research provider Morningstar announced their rating of Mortgage Choice was ‘Under Review’, previously ‘Buy’ with a price target of $1.50.

Additionally, the bank increased their 12.12% stake in Australian Financial Group (ASX: AFG) from 12.12% to 13.92%. While AFG could be hit by any changed, they offer a wider range of services – including insurance and business advisory. Since the Royal Commission findings were released, Hartley and Macquarie have adjusted their respective price targets to $1.42 and $1.17 respectively, both above its current price of 96 cents.

Only a few days after announcing it was looking for cannabis crop land, CropLogic (ASX: CLI) saw LTL Capital increase its stake from 5% to 8.4%.

IncentiaPay (ASX: INP) has received recapitalisation offers and while it has not revealed the identity or decided on a course of action, there are indications.

Two investors bought 18.86% stakes each in the Company, indicating they might be about to launch a bid for a greater stake.

Dateline Resources’ (ASX: DTR) two biggest shareholders, fellow miner Southern Cross Exploration and Chairman Mark Johnson increased their collective holdings from 50% to 80%.

Wilson Asset Management reduced their stake in media advertising platform provider GTN (ASX: GTN) from 6.64% to 5.63%.

Here is a wrap of all changes substantial holder notices lodged with the ASX in the last week, among small cap companies. 

Swipe or Scroll to reveal the full table. Click headings to sort.

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