Trading Places: AustralianSuper is investing in a West Australian brewer

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In this week’s recap of substantial holders, Australian Super became an substantial holder in Gage Roads Brewing (ASX: GRB), a prominent Sydney property magnate bought 16 per cent of Collaborate Corporation, and we look at a number of purchases by Australian Ethical Investing.

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.

Buyers

Australia’s largest super fund AustralianSuper bought into Gage Roads Brewing (ASX: GRB). It had been buying since April but crossed the line last Thursday with a $356,000 purchase.

Back in April it raised $8 million and announced a capital expenditure program in which it will invest in new equipment. Its own brand is the fifth largest in the Australian market.

Australian Ethical Investing made investments in four companies this week. It increased its stakes in Somnomed (ASX: SOM) and Pacific Smiles (ASX: PSQ) to 10.48 per cent and 6.71 per cent respectively.

It became substantial holders in Janison Education (ASX: JAN) and Immutep (ASX: IMM) with stakes of 5.04 per cent and 5.06 per cent.

Delphi now holds 16.20 per cent of Geopacific Resources (ASX: GPR). The German institutional investor has invested approximately $800,000 into the company in the last four months although a recent capital raise has diluted its holdings.

Paradice Investment Management became substantial holders of Capricorn Metals (ASX: CMM) while property magnate Michael Abolakian bought a 16.09 per cent stake in Collaborate Corporation (ASX: CL8). The latter would have cost over $11 million.

Taurus Funds Management increased its stake in Tiger Resources (ASX: TGS) to 12.3 per cent while Hong-Kong based Talaxis bought a 5.23 per cent stake in Arafura Resources (ASX: ARU) for $4.7 million.

Finally we noticed DMX Asset Management become substantial holders in software stock Tambla (ASX: TBL). Visit DMX’s website and it’ll tell you it is, “a fresh approach to value investing in undiscovered, quality businesses”.

DMX says it asks two questions prior to purchasing a company’s shares. First, if it’s a high quality company, and second if it’s an under-valued stock. Evidently, it has answered yes because it has bought into Tambla.

Sellers

Sheffield Resources’ spin-off Carawine Resources (ASX: CWX) saw private equity firm CVC reduce its stake to 6.18 per cent.

IOOF ceased to be substantial in Integral Diagnostics (ASX: IDX) and Redbubble (ASX: RBL). Between these two firms’ shares, it engaged in sales above $5.5 million.

The Melbourne-based fund manager also reduced its stake in Imdex (ASX: IMD) to 9.18 per cent.

Australian Pacific Coal subsidiary Area Coal ceased to be substantial holders in Bowen Coking Coal (ASX: BCB) as a consequence of selling $1.6 million of its shares.  

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