You can't make money by growing it on trees, but it seems a sure bet you will if Bevan Slattery buys in (Pic: Getty)
Trading Places: Bevan Slattery’s $2m buy into Rent.com.au is now worth over $10m just one week later
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If you to know where fund managers and famous investors such as Bevan Slattery and Geoff Wilson are putting their money, 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.
Substantial holder buys
| Company | Code | Market Cap | Shareholder | Stake (%) | Status |
|---|---|---|---|---|---|
| Enterprise Metals | ENT | $10.3M | Robert McKenna | 6.43% | Becoming |
| MCS Services | MSG | $8.9M | Richard Batrachenko | 5.04% | Becoming |
| SelfWealth | SWF | $128.4M | LGGC | 8.77% | Increasing |
| Kaiser Reef | KAU | $15.1M | Bath Resources | 5.80% | Becoming |
| Davenport Resources | DAV | $21.8M | Merchant Funds Management | 5.85% | Becoming |
| Tao Commodities | TAO | $43.9M | DITM Holdings | 8.10% | Increasing |
| Vortiv | VOR | $24.2M | Trojan Capital Fund | 8.78% | Becoming |
| European Lithium | EUR | $58.0M | Dempsey Resource & Cyclone Metals | 7.06% | Increasing |
| Woomera Mining | WML | $8.6M | Adelaide Equity Partners | 8.31% | Increasing |
| Pilbara Minerals | PLS | $3.0B | AustralianSuper | 8.30% | Increasing |
| Metals X | MLX | $154.2M | Old Peak Group | 12.03% | Increasing |
| MCS Services | MCS | $9.1M | Capital H Management | 20.60% | Increasing |
| AMA Group | AMA | $504.3M | CI Investments | 5.23% | Becoming |
| Norwest Minerals | NWM | $9.7M | YF Chee Holdings | 8.88% | Increasing |
| American Pacific Borate | ABR | $605.8M | Virtova Capital Management | 13.75% | Becoming |
| Select Harvest | SHV | $647.2M | Yarra Funds Management | 7.71% | Increasing |
| Jadar Resources | JDR | $27.6M | Sunshore Holdings | 9.06% | Increasing |
| YPB Group | YPB | $12.7M | John Houston | 25.35% | Increasing |
| The Agency Group | AU1 | NA | Peters Investments - Robert Peters | 30.24% | Becoming |
| Comms Group | CCG | $34.0M | Greig & Harrisons | 6.81% | Increasing |
| 333D | T3D | $1.6M | Nigel Finch | 10.70% | Increasing |
| 333D | T3D | $1.6M | John Conidi | 7.74% | Becoming |
| 333D | T3D | $1.6M | Ever Wise Ventures | 7.99% | Becoming |
| Calix | CXL | $225.7M | Thorney Technologies | 7.03% | Increasing |
| Norwest Energy | NWE | $30.4M | 3C Group IC | 7.89% | Increasing |
| Lefroy Exploration | LEX | $24.0M | Noontide Investments | 10.93% | Increasing |
| Ridley Corporation | RIC | $330.3M | Tattarang - John Andrew Henry Forrest | 5.12% | Becoming |
| Tempo Australia | TPP | $25.4M | Anthony Barton | 16.02% | Increasing |
| Ansila Energy | ANA | $59.2M | Andrew Matharu | 6.61% | Becoming |
| Viking Mines | VKA | $36.4M | ING Investment Fund | 9.26% | Becoming |
| Pilot Energy | PGY | $10.7M | Pine St Trust | 6.76% | Becoming |
| Ansila Energy | ANA | $59.2M | Christopher Lewis | 12.50% | Becoming |
| amaysim | AYS | $242.8M | Wilson Asset Management | 32.93% | Increasing |
| Ausmex Mining Group | AMG | $36.3M | Wayne McCrae | 20.56% | Increasing |
| Mithril Resources | MTH | $45.9M | Trimin | 9.43% | Increasing |
| NewPeak Metals | NPM | $14.0M | David Mason | 6.78% | Increasing |
| Calix | CXL | $252.0M | AustralianSuper | 7.11% | Increasing |
| Elixinol Global | EXL | $65.3M | Regal Funds Management | 10.17% | Increasing |
| Grand Gulf Energy | GGE | $6.5M | Sacha Investments | 7.13% | Increasing |
| Cluey | CLU | $153.0M | Thorney Technologies | 7.55% | Becoming |
| Rent.com.au Ltd | RNT | $77.1M | Bevan Slattery | 10.06% | Becoming |
| DUG Technology | DUG | $103.4M | Perennial Value Management | 13.87 | Increasing |
| Centaurus Metals | CTM | $268.7M | McCusker Holdings | 6.72% | Increasing |
| Micro-X | MX1 | Perennial Value Management | 12.24% | Increasing | |
| Davenport Resources | DAV | $29.4M | Merchant Funds Management | 6.86% | Increasing |
| Big River Gold | BRV | $94.8M | Dundee Resources | 19.40% | Becoming |
| King Island Scheelite | KIS | $67.0M | Chrysalis Investments | 20.35% | Increasing |
| Protean Energy | POW | $9.8M | Jason Peterson | 11.79% | Increasing |
| Viking Mines | VKA | $38.2M | Vanguard Superannuation | 9.59% | Increasing |
The biggest trade was Bevan Slattery spending $2m for a 10 per cent stake in rental platform Rent.com.au (ASX:RNT).
Not for the first time for an ASX tech stock, Slattery’s purchase (at 5 cents per share) sent shares surging from 4 cents on Monday to over 26 cents yesterday afternoon. His stake is now worth approximately $10.4 million.
If you needed reminder of why he made that purchase he told shareholders last week, “I love disruptive platforms that have the ability to scale and Rent.com.au has great potential to achieve that goal.”
Another similar flagship purchase was made by Canadian resources investor Dundee Goodman Merchant Partners into Big River Gold (ASX:BRV). It bought a 19.4 per cent in the Brazilian focused gold play.
Turning to well known local fund managers, Perennial Value Management upped its stake of portable x-ray manufacturer Micro-X (ASX:MX1) to 12.24 per cent as well as its stake in supercomputer operator DUG Technology (ASX:DUG) to 13.87 per cent.
Regal Funds Management took its stake in pot stock Elixinol (ASX:EX1) to just over 10 per cent.
Wilson Asset Management is continuing to snap up shares of takeover target Amaysim (ASX:AYS), now owning just over 30 per cent.
And Alex Waislitz’s Thorney Technologies became a substantial holder of online K-12 tutoring company Cluey (ASX:CLU).
Substantial holder sales
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| CPT Global | CPT | $7.1M | Clapsy/Paul Young | 5.40% | Decreasing |
| Lion Energy | LIO | $6.0M | PT Senada Nusantara | <5% | Ceasing |
| Amaysim | AYS | $224.3M | Investoren TGV | 16.80% | Decreasing |
| Aussie Broadband | ABB | $479.7M | Regal Funds Management | 9.29% | Decreasing |
| Comms Group | CCG | $34.0M | Regal Funds Management | <5% | Ceasing |
| Western Areas | WSA | $687.7M | Paradice Investment Management | <5% | Ceasing |
| Amaysim | AYS | $239.8M | Investmentaktiengesellschaft | 14.89% | Decreasing |
| Navigator Global Investments | NGI | $409.4M | Perennial Value Management | 5.74% | Decreasing |
| Paragon Care | PGC | $94.6M | First Samuel | 7.89% | Decreasing |
| Vonex | VN8 | $61.8M | Regal Funds Management | <5% | Ceasing |
| Dragontail Systems | DTS | $51.5M | Alceon Liquid Strategies | <5% | Ceasing |
| Spirit Technology | ST1 | $208.0M | Perennial Value Management | 5.17% | Decreasing |
| Victoriy Offices | VOL | $26.6M | Perennial Value Management | 6.95% | Decreasing |
| Frugl | FGL | $13.1M | Merchant Funds Management | 6.44% | Decreasing |
| Cauldron Energy | CXU | $19.4M | Cyclone Metals | 7.85% | Decreasing |
Regal Funds Management ceased to be substantial holders of telco Vonex (ASX:VN8) which has had a rollercoaster ride in recent days.
It surged off the back of a new distribution deal but fell after releasing an updated announcement.
Perennial Value Management sales included part of its stakes in Victory Offices (ASX:VOL) and telco Spirit Technology (ASX:ST1).
