Trading Places is Stockhead’s weekly recap of substantial holder movements focusing on fund managers.
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
Alex Waislitz’ Thorney Group spent another $900,000 on NSX (ASX:NSX) stock. The exchange is attempting to become an alternative market to the ASX, but by managements’ own admission is held back by a lack of liquidity.
The other two purchases by Thorney this week included a 5.57 per cent stake in enviro-tech stock Calix (ASX:CXL) and a topping up of its stake in Southern Cross Electrical Engineering (ASX:SXE).
This week GBST (ASX:GBT) shareholders voted overwhelmingly in favour of an acquisition. Buying in only a few days before was London-based fund manager Samson Rock Capital, taking a 5.39 per cent stake.
The only timber stock on the ASX, Kangaroo Island Plantation Timber (ASX:KPT), saw Washington H Soul Pattison increase its holdings to 10.57 per cent.
Merchant Funds Management bought a 11.43 per cent stake in pot stock AusCann Group (ASX:AC8) while Regal Funds Management increased its stake in Medadvisor (ASX:MDR) to 7.38 per cent.
Australian Ethical Investment’s buys this week included Janison Education (ASX:JAN) taking a 7.99 per cent stake and consumer tech stock Shriro Holdings (ASX:SHM) now owning 11.63 per cent.
Challenger bought into SeaLink Travel Group (ASX:SLK) as part of a capital raising to help with an acquisition.
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
Shriro Holdings | SHM | $67.0M | Australian Ethical Investment | 11.63% | Increasing |
Credit Intelligence | CI1 | $14.2M | Tan Biing Gim | 7.96% | Becoming |
Hansen Technologies | HSN | $702.8M | Fidelity | 10.00% | Increasing |
Advanced Braking Technology | ABV | $7.5M | Keith Knowles | 16.52% | Increasing |
Spectrum Metals | SPX | $110.8M | Chalice Gold Mines | 7.01% | Increasing |
GBST Holdings | GBT | $260.1M | Samson Rock Capital | 5.05% | Becoming |
Wingara Ag | WNR | $30.5M | Naos Asset Management | 26.48% | Increasing |
AusCann Group Holdings | AC8 | $98.3M | Merchant Funds Management | 11.43% | Becoming |
Southern Cross Electrical Engineering | SXE | $141.1M | Thorney Opportunities | 18.53% | Increasing |
Motorcycle Holdings | MTO | $147.5M | Auscap Asset Mangement | 5.51% | Becoming |
Gale Pacific | GAP | $83.4M | Castle Point Funds Management | 5.03% | Becoming |
Millennium Servives Group | MIL | $13.3M | Wayne & Eileen Crewes | 13.90% | Increasing |
Zenith Energy | ZEN | $96.4M | Pendal Group | 8.76% | Increasing |
Lefroy Energy | LEX | $21.6M | Michael Davies | 13.91% | Increasing |
Sealink Travel Group | SLK | $497.0M | Challenger | 5.11% | Becoming |
NSX | NSX | $33.3M | Thorney Group | 7.45% | Increasing |
Todd River Resources | TRT | $6.6M | S2 Resources | 30.62% | Increasing |
Kangaroo Island Plantation Timbers | KPT | $140.2M | Washington H Soul Pattison | 10.57% | Increasing |
Thorn Group | TGA | $87.0M | Investor Mutual | 9.98% | Increasing |
Eagle Health Holdings | EHH | $43.7M | Chen Linxiang | 18.21% | Becoming |
Hansen Technologies | HSN | $702.8M | Franklin Resources | 5.68% | Becoming |
Theta Gold Mines | TGM | $69.9M | Xinzhou Li | 6.11% | Becoming |
Anova Metals | AWV | $7.0M | Jetosea - Charles Arve | 5.39% | Becoming |
Aurora Minerals | ARM | $2.7M | Jetosea - Charles Arve | 9.09% | Becoming |
Medadvisor | MDR | $89.4M | Regal Funds Management | 7.38% | Increasing |
Calix | CXL | $101.3M | Thorney Technologies | 5.57% | Becoming |
Janison Education | JAN | $57.2M | Australian Ethical nvestment | 7.99% | Becoming |
Sellers
San Francisco-based Osium Partners cut its stake in online market place Redbubble (ASX:RBL) to 7.9 per cent. After retreating during the last quarter of 2018, the stock has bounced back gaining 60 per cent this year.
Challenger cut its stake in EML Payments (ASX:EML) to 7.73 per cent while PM Capital reduced its stake in iCar Asia (ASX:ICQ) to 9.64 per cent.
Among fund managers that ceased to be substantials were Lowell Resources Fund, selling out of gold miner Santana Minerals (ASX:SMI). Naos Asset Management now holds only 4.28 per cent of Motorcycle Holdings (ASX:MTO) after sales over the last week.
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Antisense Therapeutics | ANP | $41.2M | Australian Ethical Investment | 18.50% | Decreasing |
Santana Minerals | SMI | $2.7M | Lowell Resources Fund | 0% | Ceasing |
Leigh Creek Energy | LCK | $123.7M | Crown Ascent Development | 5.20% | Decreasing |
Oilex | OEX | $11.5M | Republic Investment Management | 13.72% | Decreasing |
BWX | BWX | $505.7M | NN Group | 16.93% | Decreasing |
Beston Global Food Company | BFC | $44.3M | Mackenzie Financial Corporation | 7.81% | Decreasing |
Konekt | KKT | $51.3M | Alan Berrick | 1.38% | Ceasing |
Davenport Resources | DAV | $7.6M | Parkway Minerals | 20.80% | Decreasing |
Boss Resources | BOE | $101.4M | Davey Management | 6.11% | Decreasing |
Pearl Global | PG! | $21.1M | Erasmus Technologies | 4.41% | Ceasing |
Apollo Minerals | AON | $8.3M | Juniper Capital Partners | 9.76% | Ceasing |
EML Payments | EML | $1.0B | Challenger | 7.73% | Dereasing |
iCar Asia | ICQ | $118.8M | PM Capital Asian Opportunities Fund | 9.64% | Decreasing |
Vimy Resources | VMY | $32.4M | Michael Fewster | 6.40% | Decreasing |
Redbubble | RBL | $383.9M | Osium Partners | 7.90% | Decreasing |
Motorcycle Holdings | MTO | $145.6M | NAOS Asset Management | 4.28% | Ceasing |
Millennium Servic | MIL | $13.3M | Royce Galea | 14.85% | Decreasing |