Director Trades: Who’s buying and selling their own stock?
Director Trades
Director Trades
Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Sep 3):
SELLERS
More than a dozen ASX small cap directors sold their stock last week. The four biggest trades of the week — each worth more than $1 million — were all sales.
Audio software maker Audinate (ASX:AD8) was front and centre, with early investors Starfish Ventures and Innovation Capital selling 21.5 million shares to new and existing institutional investors, representing 34.7 per cent of the company.
Starfish’s John Dyson sold 10.6 million shares totalling $37.2 million. It left him with 182,000 shares.
Audinate thanked the outgoing venture capital funds. “We welcome several new shareholders to the register at what is an exciting stage for the company’s growth,” it said in a statement.
Kogan (ASX:KGN) head honcho Ruslan Kogan and fellow board member David Shafer collectively sold 6.2 million shares in 0ff-market transactions, worth about $40 million. The sale sent Kogan shares down 10 per cent, but the pair remain the two biggest shareholders.
Kogan chairman Greg Ridder said it was part of a plan and that investors would enjoy added liquidity.
“It’s great to see our work continue to attract significant interest from both domestic and international shareholders who value our business strategy and execution,” he told investors.
A statement to the ASX said Mr Kogan and Mr Shafer “continue to have the majority of their personal wealth invested in the company”.
Scott McMillan, director at Alliance Aviation (ASX:AQZ), sold nearly 600,000 shares, worth $1.3 million.
There was no reason given for the sale. Mr McMillan was also active just a fortnight ago, when he and chairman Stephen Padgett sold $1.5 million worth of stock.
BUYERS
On the buy side, KGL Resources (ASX:KGL) directors were picking up plenty of stock during the week. Denis Wood, Peter Hay and Fiona Murdoch bought about $120,000 worth of stock, totalling 380,140 shares.
It was a similar story at Redflex (ASX:RDF), with directors buying over $807,000 worth of stock. That was mostly thanks to Adam Gray buying 1.9 million shares, with Clare Davey and Robert DeVincenzi buying smaller amounts.
Robert Schuitema, a director at Phoslock Water Solutions (ASX:PET), sold 1.7 million shares, making a tidy profit of $717,825. The off-market sale was for “family matter, taxes and other purposes”.
Back in March, Mr Schuitema sold $441,630 worth of stock to fund tax payments for his company Sail Ahead. He told Stockhead at the time that it was the first time he’d sold in 12 years aside from exercising options.
He said he found it frustrating when staff or managers of listed companies were made to feel guilty for selling down — when often they were paid largely in performance options.
He now controls 11 million shares.
Alex Waislitz was at it again, with the Thorney Opportunities (ASX:TOP) director buying 92,258 shares on market for $62,735.
More than $87 million worth of stock was bought and sold since the market opened on Monday the 3rd of September, with each trade being worth more than $760,000.
Here is a list of recent ASX small cap director trades:
Swipe or scroll to reveal full table. Click headings to sort.
ASX code | Company | Director | Change | Date | Volume | $ | What | Total holdings controlled |
---|---|---|---|---|---|---|---|---|
ACF | Acrow | Peter Lancken | Buy | 29-Aug | 345,000 | 152058 | On-market | 5.8M |
AD8 | Audinate | John Dyson | Sell | 30-Aug | 10.6M | 37185952 | Special crossing | 182K |
AGY | Argosy Minerals | Alex Molyneux | Buy | 3-Sep | 5M | 0 | Performance rights | 25M |
AIS | Aeris Resources | Mark Derwin | Buy | 30-Aug | 183,500 | 51553 | On-market | 183K |
AVG | Australian Vintage | John Davies | Buy | 3-Sep | 100,000 | 0.57 | Not specified | 400K |
CGR | CML Group | Geoffrey Sam | Buy | 30-Aug | 25,000 | 13496 | On-market | 1.9M |
CND | Clarius Group | Craig Saphin | Buy | 3-Sep | 80,000 | 3760 | On-market | 231K |
CRD | Credible Labs | Sally Chaplain | Buy | 31-Aug | 25,000 | 24050 | On-market | 66K |
HXG | Hexagon Resources | Charles Whitfield | Buy | 31-Aug | 4,641 | 696 | On-market | 4.1M |
IMA | Image Resources | Li Huang Cheng | Buy | 30-Aug | 208,390 | 28133 | On-market | 132M |
MAG | Magmatic Resources | David Berrie | Buy | 30-Aug | 675,000 | 27000 | Rights issue | 12.7M |
MAG | Magmatic Resources | David Richardson | Buy | 30-Aug | 5M | 200000 | Rights issue | 32.2M |
MEA | McGrath | Peter Lewis | Buy | 3-Sep | 86,662 | 32167 | On-market | 87K |
PPK | PPK Group | Robin Levison | Buy | 30-Aug | 20,000 | 6900 | On-market | 4.4M |
PPK | PPK Group | Glenn Molloy | Buy | 29-Aug | 50,000 | 17500 | On-market | 14.2M |
RZI | Raiz Invest | Peter Fay | Buy | 3-Sep | 25,000 | 23750 | On-market | 3M |
SDX | Sienna Cancer Diagnostics | Geoffrey Cumming | Buy | 28-Aug | 282,954 | 16977 | Rights issue | 1.3M |
SDX | Sienna Cancer Diagnostics | David Earp | Buy | 28-Aug | 44,445 | 2667 | Rights issue | 178K |
SDX | Sienna Cancer Diagnostics | John Chiplin | Buy | 28-Aug | 40,000 | 2400 | Rights issue | 240K |
SDX | Sienna Cancer Diagnostics | Carl Stubbins | Buy | 28-Aug | 64,659 | 2680 | Rights issue | 179K |
SLM | Salmat | Bart Vogel | Buy | 31-Aug | 100,000 | 71078 | On-market | 100K |
EXU | Explaurum | Chris Baker | Buy | 31-Aug | 1.2M | 37440 | Exercise options | 1.4M |
GMR | Golden Rim | Kathryn Davies | Buy | 31-Aug | 300,000 | 7020 | On-market | 300K |
WCN | White Cliff Minerals | Michael Langoulant | Buy | 31-Aug | 15.4M | 46147 | Off-market | 90.6M |
SLR | Silver Lake Resources | Luke Tonkin | Sell | 29-Aug | 846,353 | 412619 | On-market | 1.4M |
AQZ | Alliance Aviation Services | Scott McMillan | Sell | 31-Aug | 596,208 | 1340062 | On-market | 3.8M |
BID | BidEnergy | Guy Maine | Buy | 31-Aug | 95,500 | 12893 | On-market | 650K |
BWF | BlackWall | Robin Tedder | Buy | 31-Aug | 191,707 | 173466 | On-market | 9.2M |
CCV | Cash Converters | Andrea Walters | Buy | 4-Sep | 50,000 | 16250 | On-market | 119K |
CND | Clarius Group | Jennifer Elliott | Buy | 4-Sep | 200,000 | 9200 | On-market | 250K |
CYG | Coventry Group | Neil Cathie | Buy | 29-Aug | 3,000 | 3930 | On-market | 260K |
IKE | ikeGPS Group | Bruce Harker | Buy | 29-Aug | 63,825 | 33203 | Share placement | 380K |
IKE | ikeGPS Group | Frederick Lax | Buy | 29-Aug | 63,825 | 33203 | Share placement | 236K |
IKE | ikeGPS Group | Glenn Milnes | Buy | 29-Aug | 63,825 | 33203 | Share placement | 871K |
IKE | ikeGPS Group | Richard Christie | Buy | 29-Aug | 19,155 | 9961 | Share placement | 144K |
IKE | ikeGPS Group | Chris Birkett | Buy | 29-Aug | 31,926 | 16602 | Share placement | 122K |
MEL | Metgasco | Philip Amery | Buy | 4-Sep | 100,000 | 5800 | On-market | 4.1M |
MYQ | MyFiziq | Vlaso Bosanac | Buy | 3-Sep | 2M | 0 | Performance rights | 2.4M |
PBP | Probiotec | Wesley Stringer | Buy | 3-Sep | 1M | 500000 | Exercise options | 2M |
PPE | People Infrastructure | Elizabeth Savage | Buy | 29-Aug | 19,490 | 39760 | On-market | 19K |
PSY | Panorama Synergy | Julie King | Buy | 28-Aug | 375,000 | 15000 | SPP | 119M |
RBO | Robo 3D | Braydon Moreno | Buy | 28-Aug | 500,000 | 0 | Approved by shareholders | 18.5M |
RBO | Robo 3D | Ryan Legudi | Buy | 28-Aug | 3.7M | 92000 | Approved by shareholders | 97.7M |
RBO | Robo 3D | Tim Grice | Buy | 28-Aug | 1.4M | 35500 | Approved by shareholders | 10.6M |
RDF | Redflex Holdings | Clark Davey | Buy | 4-Sep | 104,200 | 41236 | On-market | 349K |
SMR | Stanmore Coal | Stewart Butel | Buy | 31-Aug | 100,950 | 89526 | On-market | 301K |
STM | Sunstone Metals | Malcolm Norris | Buy | 31-Aug | 200,000 | 6200 | On-market | 12.6M |
VMX | Valmec | Steve Dropulich | Buy | 31-Aug | 150,000 | 42281 | On-market | 6M |
HIP | Black Mountain Resources | Maurice Feilich | Buy | 3-Sep | 1M | 14500 | On-market | 16.5M |
ISD | Isentia | Travyn Rhall | Buy | 3-Sep | 300,000 | 111000 | On-market | 600K |
KGL | KGL Resources | Peter Hay | Buy | 30-Aug | 292,000 | 99280 | On-market | 2.1M |
KGL | KGL Resources | Fiona Murdoch | Buy | 4-Sep | 30,000 | 1568 | On-market | 30K |
KGL | KGL Resources | Denis Wood | Buy | 3-Sep | 58,140 | 19768 | On-market | 22.4M |
3PL | 3P Learning | Rebekah O'Flaherty | Buy | 5-Sep | 12,000 | 14934 | On-market | 12K |
AGE | Alligator Energy | Andrew Vigar | Buy | 31-Aug | 1M | 10000 | On-market | 7.3M |
AHX | Apiam Animal Health | Jan Tennent | Buy | 31-Aug | 35,000 | 19791 | On-market | 35K |
ANO | Advance Nanotek | Lev Mizikovsky | Buy | 5-Sep | 7,183 | 7117 | On-market | 25M |
LCT | Living Cell Technologies | Robert Elliott | Buy | 4-Sep | 123,000 | 3567 | On-market | 4.9M |
LON | Longtable Group | Tony Robinson | Buy | 3-Sep | 90,000 | 40383 | On-market | 920K |
MRC | Mineral Commodities | Colin Hastings | Buy | 5-Sep | 1M | 0 | Performance rights | 1.2M |
MRC | Mineral Commodities | Peter Torre | Buy | 5-Sep | 1M | 0 | Performance rights | 1.6M |
PPG | Pro-Pac Packaging | Darren Brown | Buy | 5-Sep | 465,368 | 100000 | On-market | 496K |
PRT | Prime Media | John Hartigan | Buy | 5-Sep | 42,750 | 10046 | On-market | 43K |
SIO | Simonds Group | Kelvin Ryan | Buy | 30-Aug | 39,141 | 16244 | On-market | 39K |
SXA | Strata-X | Ron Prefontaine | Buy | 5-Sep | 4M | 200000 | Approved by shareholders | 12M |
AOW | American Patriot | Alexis Clark | Buy | 4-Sep | 1M | 25000 | Off-market | 4.7M |
ASG | Autosports Group | Marina Go | Buy | 6-Sep | 20,000 | 30400 | On-market | 40.8K |
ASG | Autosports Group | Nick Pagent | Buy | 3-Sep | 204,500 | 330172 | On-market | 104M |
CAB | Cabcharge | Louise McCann | Buy | 5-Sep | 4,966 | 10759 | On-market | 29K |
CGS | Cogstate | David Dolby | Buy | 5-Sep | 1.6M | 920550 | Off-market | 21.4M |
CGS | Cogstate | Martyn Myer | Buy | 5-Sep | 1.6M | 920550 | Off-market | 21.4M |
DTL | Data#3 | Will Powell | Sell | 4-Sep | 62,366 | 102642 | On-market | 3.1M |
ICG | Inca Minerals | Justin Walawski | Buy | 5-Sep | 277,773 | 1389 | Entitlement offer | 3.3M |
ICG | Inca Minerals | Ross Brown | Buy | 5-Sep | 2.5M | 12500 | Entitlement offer | 33.9M |
IHL | Impression Healthcare | Peter Widdows | Buy | 29-Aug | 4M | 100000 | Approved by shareholders | 4M |
IKE | ikeGPS | Alex Knowles | Buy | 29-Aug | 721,154 | 375000 | Placement | 6.5M |
ISX | iSignthis | Nick Karantzis | Buy | 5-Sep | 149.6M | 0 | Approved by shareholders | 223M |
KGN | Kogan | Ruslan Kogan | Sell | 3-Sep | 4.5M | 28854391 | Off-market | 24.9M |
KGN | Kogan | David Shafer | Sell | 3-Sep | 1.7M | 11208109 | Off-market | 9.5M |
LVE | Love Group | Michael Ye | Buy | 5-Sep | 267,502 | 25854 | On-market | 6.6M |
MZN | Marindi Metals | Simon Lawson | Buy | 5-Sep | 2.6M | 20800 | On-market | 2.6M |
NTC | NetComm Wireless | David Spence | Buy | 6-Sep | 60,000 | 46776 | On-market | 85K |
RDF | Redflex Holdings | Adam Gray | Buy | 31-Aug | 1.9M | 754948 | On-market | 37.8M |
RHT | Resonance Health | Simon Panton | Buy | 6-Sep | 1.3M | 31765 | On-market | 72.5M |
RIM | Rimfire Pacific Mining | Ian McCubbingBuy | Buy | 3-Sep | 1M | 11450 | On-market | 3.6M |
SIO | Simonds Group | Kelvin Ryan | Buy | 3-Sep | 7,736 | 3210 | On-market | 47K |
TOP | Thorney Opportunities | Alex Waislitz | Buy | 4-Sep | 92,258 | 62735 | On-market | 59M |
VEE | Veem | Michael Bailey | Buy | 5-Sep | 31,384 | 17647 | On-market | Not specified |
SIV | Silver Chef | Allan English | Buy | 4-Sep | 23,809 | 49993 | On-market | 8.9M |
VMC | Venus Metals | Alan Birchmore | Buy | 5-Sep | 500,000 | 100550 | On-market | 1.6M |
NTC | NetComm Wireless | Stuart Black | Buy | 1-Sep | 20,000 | 15303 | On-market | 220K |
PET | Phoslock Water Solutions | Brenda Shanahan | Buy | 5-Sep | 300,000 | 126000 | Off-market | 1.3M |
PET | Phoslock Water Solutions | Robert Schuitema | Sell | 5-Sep | 1.7M | 717825 | Off-market | 11M |
RDF | Redflex Holdings | Robert DeVincenzi | Buy | 31-Aug | 28,000 | 11171 | On-market | 178K |
GO2 | The Go2 People | Darren Cooper | Buy | 6-Sep | 100,000 | 9600 | On-market | 500K |
KNM | Kneomedia | Jeff Bennett | Buy | 6-Sep | 1M | 24000 | On-market | 809K |
8IH | 8I Holdings | Ken Chee | Buy | 6-Sep | 172,818 | 27927 | On-market | 87M |
PPK | PPK Group | Robin Levison | Buy | 6-Sep | 10,000 | 3300 | On-market | 4.4M |
CGR | CML Group | Geoffrey Sam | Buy | 7-Sep | 40,000 | 21180 | On-market | 1.9M |
ADH | Adairs | Michele Cherubino | Sell | 5-Sep | 150,000 | 370595 | On-market | 2.1M |
MNS | Magnis Resources | Warwick Smith | Buyu | 7-Sep | 138,200 | 50000 | On-market | 138K |