In this week’s recap of substantial holders, a Dubai executive bought into Prospect Resources (ASX: PSC), Salt Funds Management sold $8.3 million of Monash IVF (ASX: MVF) and a tin company raised $20 million to save itself from the ‘three-year suspension’ axe.

Substantial shareholders are shareholders holding 5 per cent or more of a company’s shares and these can be directors, individual investors or institutional investors.

Shareholders are required to announce to the exchange when they cross above or below the 5 per cent threshold and any change in their holdings while they remain above 5 per cent.


Any stocks that have been suspended for three years are removed by the ASX. Consolidated Tin (ASX: CSD) was facing the axe but raised $19.95 million just in the nick of time. Although this was almost their entire market capitalisation pre-suspension, this investment will only give the investors 5.64 per cent.

The investor is a private Hong-Kong domiciled company called Wealth Pointer. Perhaps the Hong Kong protests really are forcing investors to move money out of the territory.

African-focused explorer Prospect Resources (ASX: PSC) is another stock that welcomed an international substantial holder. A Dubai-based company called ‘Lord of Seven Hills Holdings’ bought a 10.98 per cent stake for nearly $4.4 million.

The person behind this company is Guarav Gupta; not the Indian fashion designer, rather the managing director of commodity trader Global Natural.

Vango Mining (ASX: VAN) director Shengqiang Zhou nearly doubled his holdings having bought $5.4 million to take an 8.64 per cent stake.

Late last week, the Woolworths-Marley Spoon (ASX: MMM) partnership became official, with the grocery giant investing $4 million on a 5.52 per cent stake. All up it will invest $30 million, with most of the funds commercial notes.

Among the fund manager trades this week, troubled dental stock Smiles Inclusive (ASX: SIL), raised $1.2 million thanks to 2020 Asset Management buying an 8.71 per cent stake for $861,000. New York based fund manager Bonafide Wealth Management increased its stake in Clean Seas Seafood (ASX: CSS) to 8.8 per cent, buying $642,000 in shares.

Spheria Asset Management increased its stake in Gage Roads Brewing (ASX: GRB), GBST Holdings (ASX: GBT) and Austin Engineering (ASX: ANG). All up Spheria spent $10 million on these three stocks. The latter is most noteworthy because Spheria doubled its stake from 5.12 per cent to 11.22 per cent.

Regal Funds Management bought into Midway (ASX: MWY) with an 8.03 per cent for $10.2 million and topped up its stake in Stanmore Coal (ASX: SMC) by $6.8 million to 10.95 per cent.

CompanyCodeMarket CapHolderStakeStatus
Middle Island ResourcesMDI$5.2MKeogh Super Fund0.07Increasing
Kin MiningKIN$26.5MDelphi0.1696Increasing
Kin MiningKIN$26.5MHarmanis Holdings - Grant Bayne0.138Increasing
TNGTNG$112.5MSparta AG0.1014Becoming
OvatoOVT$45.4MWentworth Williamson Management0.0681Increasing
Amaysim AustraliaAYS$212.5MInvestmentakiengelsellschaft 0.18Increasing
Prospect ResourcesPSC$30.7MLord of Seven Hills Holdings0.1098Becoming
ImmuronIMC$18.8MPeter Anastasiou0.1093Increasing
Intermin ResourcesIRC$42.4MOrion Mine Finance0.079Becoming
ImpedimedIPD$43.7MKinetic Investment Partners0.0556Becoming
Osprey MedicalOSP$38.0MKinetic Investment Partners0.055Becoming
TinybeansTNY$43.8MJohn McBain0.0507Becoming
Australis Oil & GasATS$248.4MKinetic Investment Partners0.0578Becoming
Fraser Range MetalsFRN$3.5MFuturity Private0.057Becoming
Blue EnergyBLU$51.7MGreig & Harrison0.0941Increasing
MidwayMWY$299.3MRegal Funds Management0.0803Becoming
Otto EnergyOEL$118.1MIOOF0.1285Increasing
Urbanise.comUBN$20.5MAustralian Ethical Investment0.0648Increasing
Renegade ExplorationRNX$1.4MPaul Bennett0.0649Increasing
Marley SpoonMMM$90.5MWoolworths0.0552Becoming
Noni B NBL$287.2MLHC Capital Partners0.1342Increasing
Food Revolution GroupFOD$50.0MTao (Norman) Li0.2737Increasing
Donaco InternationalDNA$86.5MVincent Pirina and Mitchell Mansfield0.08Becoming
TerraComTER$238.3MNoble Resources0.1488Increasing
Cervantes CorporationCVSSuspendedAzolia (Alan Smith Super Fund)0.1439Increasing
Stanmore CoalSMR$358.6MRegal Funds Management0.1095Increasing
People InfrastructurePPE$238.5MIOOF0.0893Increasing
National Veterinary CareNVL$138.7MIOOF0.131Increasing
Latin ResourcesLRS$3.7MLind Asset Management0.0911Increasing
1st Group Ltd1ST$25.6MFocus Asset Management0.0791Increasing
Oakajee Corporation$5.9MCesare Michael Ceniviva0.1034Increasing
Swift MediaSW1$24.7MSchroder Investment Management0.0552Becoming
Pacific EnergyPEA$277.4MIOOF0.11Increasing
Stealth Global HoldingsSGI$11.1MIOOF0.121Increasing
Clean Seas SeafoodCSS$74.3MBonafide Wealth Mangement0.088Increasing
GBST HoldingsGBT$183.4MSpheria Asset Management0.1242Increasing
Base ResourcesBSE$276.5MSustainable Capital0.1905Increasing
Factor TherapeuticsFTT$4.2MAssociates0.0626Becoming
Energy Resources of AustraliaERA$101.1MZentree Investments0.1594Increasing
Smiles InclusiveSIL$7.7M2020 Asset Management0.0871Becoming
IncentiaPayINP$10.4MSuzerain Investment Holdings0.1998Becoming
HealthiaHLA$49.7MGlen Richards0.0792Increasing
Gage Roads BrewingGRB$98.5MIOOF0.0826Increasing
Gage Roads BrewingGRB$98.5MSpheria Asset Management0.0877Increasing
Austin EngineeringANG$101.3MSpheria Asset Management0.1122Increasing
Vango MiningVAN$106.8MShengqiang Zhou0.0864Becoming
Consolidated Tin MinesCSDSuspendedWealth Pointer0.0564Becoming
Advale ResourcesADD$1.1MPerfect Attempt0.3197Increasing
Universal BiosensorsUBI$37.2MJencay Capital0.1172Increasing


Auckland-based Salt Funds Management were the most notable seller – selling $8.6 million Monash IVF (ASX: MVF) shares. They are no longer substantial holders but still hold 4.6 per cent.

Sydney-based Candence Asset Management sold $4.4 million in its Noni B (ASX: NBL) stake consequently taking it to only 4.12 per cent.

Other substantial holders completely sold out of their holdings. While a Catholic university in Indiana are investors in Amaysim (ASX: AYS), Challenger are not anymore because it completely sold out. Similarly, Force Commodities sold out of Marquee Resources (ASX: MQR).

Brisbane-headquartered Discovery Asset Management had made few moves in the last months but sold $2.7 million in its Austin Engineering (ASX: ANG) stake taking it to 0.94 per cent. It also decreased its stake in RPMGlobal Holdings (ASX: RUL).

Fidelity reduced its stake in IVE Group (ASX: IVE) to 5.59 per cent by selling $3.6 million.

Altura Mining (ASX: AJM) saw Shaanxi completely sell out. But while some companies may be concerned when a large holder sells out, it welcomed the move. Another Chinese substantial holder, Ningbo Shanshan, a battery materials supplier, bought those shares and it now owns 11.8 per cent.

CompanyCodeMarket CapHolderCurrent StakeStatus
Wellness and Beauty SolutionsWNB$4.9MAlium Alpha Fund0Ceasing
WhitehawkWHK$16.4MRiverfort Global Opportunities0.0642Decreasing
Nick ScaliNCK$579.2MPerpetual0.0846Decreasing
Aura EnergyAEE$13.5MLind Global Macro Fund0.0497Ceasing
Red 5RED$217.6MRegal Funds Management0.0704Decreasing
Noni BNBL$287.2MCandence Asset Management0.0412Ceasing
Altura MiningAJM$286.9MShaanxi J&R Optimum Energy0Ceasing
IVE GroupIVL$299.3MFidelity0.0559Decreasing
Monash IVFMVF$339.5MSalt Funds Management0.046Ceasing
Venture MineralsVMS$13.0MRepublic Investment Management0.1337Decreasing
RPMGlobal HoldingsRUL$125.5MDiscovery Asset Management0.0656Ceasing
Austin EngineeringANG$101.3MDiscovery Asset Management0.0094Ceasing
Capitol HealthCAJ$165.8MParadice Investment Management0.0766Decreasing
IncentiaPayINP$10.4MNew Gold Coast Holdings0Ceasing
Marquee ResourcesMQR$4.7MForce Commodities0Ceasing
Dacian GoldDCN$127.5MIOOF0.0594Decreasing