Trading Places: Australian Ethical takes 5.27 per cent stake in HiPages
Australian Ethical now owns over 5% of HiPages (ASX:HPG)
If you want to know which ASX stocks fund managers and famous investors are putting their money into we’ve been keeping track of substantial holder buys (and sells).
Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.
Substantial shareholders are those holding 5 per cent or more of a company’s shares — 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, as well as any change in their holdings while they remain above 5 per cent.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Vital Metals | VML | $176.6M | Thebes Offshore Master Fund | 5.58% | Becoming |
| Terragen Holdings | TGH | $63.7M | Scobie Dickinson Ward | 15.23% | Increasing |
| Vital Metals | VML | $176.6M | Transocean Private Investments | 5.04% | Becoming |
| Navigator Global Investments | NGI | $248.9M | Perennial Value Management | 10.08% | Increasing |
| Doctor Care Anywhere | DOC | $294.6M | Perennial Value Management | 7.32% | Increasing |
| Red 5 | RED | $414.7M | Regal Funds Management | 5.27% | Becoming |
| Infomedia | IFM | $570.3M | Viburmum Funds | 12.00% | Increasing |
| BWX | BWX | $669.8M | Eley Griffiths | 6.06% | Increasing |
| Adherium | ADR | $10.9M | Trudell Medical | 19.47% | Increasing |
| Chase Mining | CML | $5.9M | Syracuse Capital | 6.86% | Increasing |
| IXUP | IXU | $84.4M | Regal Funds Management | 8.03% | Increasing |
| Atrum Coal | ATU | $34.0M | Regal Funds Management | 5.33% | Becoming |
| Smart Parking | SPZ | $59.3M | Microequities Asset Management | 6.55% | Increasing |
| Rox Resources | RXL | $77.9M | Hawke's Point | 13.29% | Becoming |
| K-TIG | KTG | $57.3M | Alium Alpha Fund | 7.58% | Increasing |
| Farm Pride Foods | FRM | $19.3M | Capital H Management | 5.01% | Becoming |
| HiPages | HPG | $273.0M | Australian Ethical Investment | 5.27% | Becoming |
| Acros Formwork & Construction | ACW | $63.1M | Perennial Value Management | 11.03% | Increasing |
| Booktopia | BKG | $335.2M | Perennial Value Management | 7.83% | Increasing |
| SomnoMed | SOM | $165.5M | TDM Growth Partners | 25.01% | Increasing |
| Thomson Resources | TMZ | $41.9M | Silver Mines | 15.53% | Becoming |
| Intega Group | ITG | $191.4M | Alberta Investment Management Corp | 5.16% | Becoming |
| Catapult Group | CAT | $395.9M | ICE Investors | 6.77% | Increasing |
| Eagle Mountain Mining | EM2 | $124.6M | Paradice Investment Management | 5.24% | Becoming |
Australian Ethical has now established itself as a substantial holder of Hipages (ASX:HPG). It has been buying on market since it listed last November but crossed the threshold on March 23 after making over $2.2 million in trades.
Hipages is an online market place, similar to Airtasker (ASX:ART), but is exclusively focused on qualified tradies – operating as a subscription service for them.
Shares have mostly traded below its IPO price but have gained 20 per cent since Airtasker listed.
Another stock welcoming a major fund manager as a substantial holder was copper explorer Eagle Mountain (ASX:EM2) which is now 5.24 per cent owned by Paradice Investment Management.
One stock particularly under seige is Atrum Coal (ASX:ATU) which has a coal project threatened by regulations in Alberta – the Canadian province that plays host to it.
While Atrum shares fell by 80 per cent off the back of this news, Regal Funds Management bought 12 million shares for just under $800,000 and now has a 5.33 per cent stake.
Other buys by Regal included gold producer Red 5 (ASX:RED) and data analytics company IXUP (ASX:IXU).
Purchases made by Perennial Value Management include virtual GP service Doctor Care Anywhere (ASX:DOC) and scaffolding provider Acrow Formwork & Construction Services (ASX:ACF).
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Enegex | ENX | $13.1M | Ross Di Bartolo | 7.24% | Decreasing |
| Vintage Energy | VEN | $35.9M | Regal Funds Management | 5.40% | Decreasing |
| Atrum Coal | ATU | $34.0M | Perennial Value Management | <5% | Ceasing |
| Cettire | CTT | $535.6M | Regal Funds Management | <5% | Ceasing |
| BWX | BWX | $650.2M | Regal Funds Management | 5.73% | Decreasing |
| DigitalX | DCC | $46.4M | Armistice Capital Master Fund | <5% | Ceasing |
| 1st Group | 1ST | $10.3M | Anthony Gandel | <5% | Ceasing |
| Revasum | RVS | $40.5M | Perennial Value Management | 14.14% | Decreasing |
| VRX Silica | VRX | $146.4M | Peter Pawlositsch | <5% | Ceasing |
| Apiam Animal Health | AHX | $100.3M | Regal Funds Management | <5% | Ceasing |
| Hydrix | HYD | $35.0M | Perennial Value Management | 7.73% | Decreasing |
| Arrow Minerals | AMD | $10.7M | Capital Di | <5% | Ceasing |
While Regal bought more of Atrum Coal (ASX:ATU), Perennial Value Management opted to part with over $2.3 million in shares.
It also cut stakes in semiconductor stock Revasum (ASX:RVS) and engineering company Hydrix (ASX:HYD) although it is still a substantial holder of both.
Sales by Regal Funds Management included wellness product seller BWX (ASX:BWX) and fashion retailer Cettire (ASX:CTT).
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