Trading Places is Stockhead’s weekly recap of substantial holder movements among ASX small caps, and fund managers feature prominently in this week’s edition.
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
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| FAR | FAR | $389.2M | Allan Gray | 8.37% | Becoming |
| COSOL | COS | $45.2M | Microequities Asset Management | 6.67% | Becoming |
| CML Group | CGR | $116.4M | Consolidated Operations Group | 17.36% | Becoming |
| Mobilicom | MOB | $27.1M | Zelwer Super Fund | 6.10% | Increasing |
| Saturn Metals | STN | $34.4M | Wythenshawe | 8.84% | Increasing |
| Mosaic Brands | MOZ | $169.4M | Perpetual | 9.08% | Increasing |
| Inventis | IVT | $3.8M | Toveken Properties | 11.36% | Increasing |
| Inventis | IVT | $3.8M | Ren Nominees | 32.01% | Increasing |
| Galilee Energy | GLL | $162.9M | CGS-CIMB Securities | 7.06% | Becoming |
| 1ST Group | 1ST | $26.3M | John Plummer | 18.85% | Increasing |
| The Reject Shop | TRS | $140.5M | Grahger Retail Securities | 11.63% | Increasing |
| Cooper Energy | COE | $919.0M | Greencape Capital | 6.02% | Increasing |
| PWR Holdings | PWH | $473.4M | Perennial Value Management | 9.75% | Increasing |
| CardieX | CDX | $20.3M | Paul Cozzie | 12.96% | Increasing |
| Myanmar Metals | MYL | $90.2M | Perilya | 18.08% | Increasing |
| Citadel Group | CGL | $236.2M | Pie Funds Management | 8.45% | Increasing |
| JCurve Solutions | JCS | $9.2M | Phillip Ewart | 11.02% | Increasing |
| Alexium International Group | AJX | $39.3M | Stuart Phillips | 6.46% | Increasing |
| Aura Energy | AEE | $7.7M | Asean Deep Value Fund | 18.02% | Increasing |
| Adherium | ADR | $17.9M | Philip Thematic Fund | 6.71% | Becoming |
| Red 5 | RED | $373.5M | Regal Funds Management | 9.32% | Increasing |
| dorsaVi | DVL | $5.7M | AR BSM | 5.96% | Becoming |
| Orcoda | ODA | $20.1M | CGS-CIMB Securities | 5.99% | Becoming |
| Adherium | ADR | $17.9M | Trudell Medical | 17.98% | Becoming |
| Adherium | ADR | $17.9M | Fidelity | 8.89% | Increasing |
| Greenvale Energy | GRV | $1.7M | Font Super Fund | 6.78% | Increasing |
| Castle Minerals | CDT | $1.9M | Stepstone | 13.26% | Increasing |
| Aurelia Metals | AMI | $368.6M | Perennial Value Management | 5.02% | Becoming |
| Oneview Healthcare | ONE | $26.3M | Perennial Value Management | 14.16% | Increasing |
| Castle Minerals | CDT | $1.9M | Michael Atkins | 5.41% | Becoming |
| Wingara | WNR | $29.7M | Naos Asset Management | 27.80% | Increasing |
| Xantippe Resources | XTC | $5.7M | Slipstream Resources Investments | 11.57% | Becoming |
| QuickFee | QFE | $50.3M | Thorney Technologies | 6.91% | Increasing |
| Emeco Holdings | EHL | $698.1M | Paradice Investment Management | 5.91% | Becoming |
| UUV Aquabotix | UUV | $1.2M | Azalea Investments | 18.08% | Becoming |
| Xantippe Resources | XTC | $5.7M | Gregory Cunnold | 11.57% | Becoming |
WA-based private equity firm Azalea Investments spent $77,500 in a placement for underwater drone maker UUV Aquabotix (ASX:UUV).
With the company’s long, spectacular decline from 20c to 0.2c, the purchase took Azalea’s stake to 18 per cent.
The share purchase came only a few days after the company revealed it was being sued by the licensor of its technology over an alleged breach of the licence agreement.
Paradice Investment Management accumulated a 5.91 per cent stake in mining and earthmoving equipment rental firm Emeco Holdings (ASX:EHL).
Perennial Value Management’s purchases this week included shares in gold miner Aurelia Metals (ASX:AMI) and Ireland-domiciled medtech stock Oneview Healthcare (ASX:ONE).
Regal Funds Management increased its holding in gold producer Red 5 (ASX:RED), while Perpetual took another leap of faith in women’s’ fashion retailer Mosaic Brands (ASX:MOZ) despite a horror couple of months for the firm.
New Zealand-based Pie Funds Management topped up its holdings in IT play Citadel Group (ASX:CGL) to 8.45 per cent.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Lovisa Holdings | LOV | $1.2B | Fidelity | 7.29% | Decreasing |
| Baumart Holdings | BMH | $30.4M | Mutual Street | 0.84% | Ceasing |
| Infigen Energy | IFN | $726.4M | Vinva Investment Management | 0% | Ceasing |
| Select Harvests | SHV | $808.9M | Perpetual | 7.99% | Decreasing |
| White Cliff Minerals | WCN | $1.9M | Denman Income | 2.82% | Ceasing |
| XRF Scientific | XRF | $32.1M | Skye Alba | 4.93% | Ceasing |
| Aura Energy | AEE | $9.2M | Lind Partners | 7.86% | Ceasing |
| Metgasco | MEL | $17.6M | Bentley Capital | 0% | Ceasing |
| Titan Minerals | TTM | $93.7M | Tribeca Investment Partners | 3.93% | Ceasing |
| Red 5 | RED | $358.0M | Saracen Mineral Holdings | 0.00% | Ceasing |
| GWA Group | GWA | $935.7M | Investors Mutual | 6.00% | Decreasing |
| Neurotech International | NTI | $1.1M | Pyxis Holdings | 1.62% | Ceasing |
Last week Neurotech International (ASX:NTI) shareholders got the terrible news that the company’s device was dropped from the Therapeutic Goods Administration’s (TGA) register of therapeutic goods.
Pyxis Holdings made a large sell down of its stake and now only holds 1.62 per cent.
Almond seller Select Harvests (ASX:SHV) had another strong half-yearly and Perpetual cashed out some of its holdings, reducing its stake to 7.99 per cent.