Trading Places: Bevan Slattery’s chipped another $667k into IntelliHR
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Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight.
Specifically, Stockhead tracks substantial shareholder movements, being shareholders 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.
|Vita Group||VTA||$145.7M||Spheria Asset Management||16.30%||Increasing|
|Lumos Diagnostics||LDX||$162.2M||Perennial Value Management||10.21%||Increasing|
|HRL Holdings||HRL||$54.4M||Perennial Value Management||14.92%||Increasing|
|Zoom2u||Z2U||$78.0M||Perennial Value Management||9.88%||Becoming|
|Red 5||RED||$506.6M||Victor Smorgon Partners||12.39%||Increasing|
|Service Stream||SSM||$486.6M||Allan Gray||5.09%||Becoming|
|Way2VAT||W2V||$45.3M||Regal Funds Management||9.80%||Becoming|
|Intega Group||ITG||$240.6M||Richmond Hill Capital||8.04%||Increasing|
|3P Learning||3PL||$337.3M||Australian Ethical||9.04%||Increasing|
|G8 Education||GEM||$851.6M||Sunsuper Superannuation Fund||5.48%||Becoming|
|Dreadnought Resources||DRE||$96.4M||Paul Chapman||10.93%||Increasing|
|Gentrack||GTK||$174.4M||Naos Asset Management||19.97%||Increasing|
|Burley Minerals||BUR||$8.8M||Nathan McMahon||10.10%||Increasing|
|Okapi Resources||OKR||$56.0M||Avalance Trust Fund||5.54%||Becoming|
|Senex Energy||SXY||$617.1M||Paradice Investment Management||8.46%||Increasing|
|Volpara Health Technologies||VHT||$284.0M||Harbour Asset Management||10.03%||Increasing|
|Mamba Exploration||M24||$6.4M||Juston Boylson||5.27%||Becoming|
|Connexion Telematics||CXZ||$15.0M||Graham Newman||8.18%||Increasing|
|Juno Minerals||JNO||$21.2M||Tiger Hill Globa fund||10.20%||Increasing|
|Maggie Beer||MBH||$151.0M||Perennial Value Management||7.91%||Increasing|
|Hot Chili||HCH||$174.7M||Murray Black||7.09%||Increasing|
|Nitro Software||NTO||$733.6M||Copia Investment Partners||5.00%||Becoming|
|Sandfire Resources||SFR||$1.1B||Vinva Investment Management||5.07%||Becoming|
|AMA Group||AMA||$400.0M||Mittleman Investment Management||12.88%||Increasing|
|Resolute Mining||RSG||$452.6M||L1 Capital||8.34%||Increasing|
|Genesis Minerals||GMD||$319.6M||Paradice Investment Management||7.61%||Becoming|
|Mt Gibson Iron||MGX||$564.3M||Fidelity||7.15%||Increasing|
|EnviroSuite||EVS||$208.9M||Perennial Value Management||11.87%||Increasing|
|HRL Holdings||HRL||$59.3M||Australian Ethical||8.25%||Increasing|
|Stealth Global||SGI||$16.4M||Narelle Edmunds||9.23%||Increasing|
|intelliHR||IHR||$72.2M||Slattery Family Trust||11.59%||Increasing|
Twelve months ago, tech entrepreneur and investor Bevan Slattery bought into HR tech company intelliHR (ASX:IHR), acquiring $2.5 million in shares at 7.5 cents each.
The stock rallied off the back of his investment and while it is off its all time high of 54 cents – reached in January – his stake has still nearly tripled with the share price at over 20 cents.
Last week he bought another 2.9 million shares for $667,000, taking his stake to 11.59%.
Victor Smorgon Partners, a botique investment manager run by the family of the late industrial businessman, chipped $10 million into aspiring gold producer Red 5 (ASX:RED), taking its stake to nearly 13%.
Melbourne based firm Copia Investment Partners became a substantial holder of Nitro Software (ASX:NTO), acquiring a 5% stake.
And Vinva Investment Management became a substantial holder of copper producer Sandfire Resources (ASX:SFR).
|Company||Code||Market Cap||Holder||Current Stake||Status|
|HRL Holdings||HRL||$54.4M||Viburnum Funds||<5%||Ceasing|
|DGL Group||DGL||$689.8M||Milford Asset Management||<5%||Ceasing|
|Motorcycle Holdings||MTO||$184.5M||Auscap Asset Management||6.90%||Decreasing|
|Swift Media||SW1||$13.3M||Regal Funds Management||<5%||Ceasing|
|Coronado Resources||CRN||$2.3B||L1 Capital||7.26%||Decreasing|
|IXUP||IXU||$132.3M||Regal Funds Management||<5%||Ceasing|
One of the most successful IPOs this year has been chemical services stock DGL (ASX:DGL) which has nearly tripled since its IPO.
Milford Asset Management ceased to be a substantial holder last week, gradually selling down its stake in September.