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
There were a high number of buys in tech. One was HR tech playform Xref (ASX:XRF) which welcomed Australian Ethical Investment as a substantial holder with a fresh 5.24 per cent stake.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Metro Performance Glass | MPP | $46.2M | Schroder Investment Management | 6.11% | Decreasing |
| Rhipe | RHP | $299.9M | Regal Funds Management | 4.60% | Ceasing |
| EML Payments | EML | $1.8B | Greencape Capital | 5.28% | Decreasing |
| Orcoda | ODA | $21.7M | Alium Alpha Fund | 8.72% | Decreasing |
| Steadfast Group | SDF | $3.5B | Investors Mutual | 5.19% | Ceasing |
| Carbonxt Group | CG1 | $50.3M | Walker Group Holdings | 6.81% | Decreasing |
| QMS Media | QMS | $424.0M | Burgundy Asset Management | 3.16% | Decreasing |
| Wisr | WZR | $294.2M | Adcock Private Equity | 26% | Decreasing |
| Namoi Cotton | NAM | $51.9M | Kaplan Equity | 0.00% | Ceasing |
| Beston Global Food Company | BFC | $39.6M | Mackenzie Financial Corporation | 0.17% | Ceasing |
| Carbonnxt Group | CG1 | $50.3M | Walker Group Holdings | 2.81% | Ceasing |
| Nick Scali | NCK | $646.8M | Ethical Partners Funds Management | 6.72% | Decreasing |
| Janison Education Group | JAN | $82.7M | Australian Ethical Investment | 6.99% | Decreasing |
| Nick Scali | NCK | $646.8M | Magellan Financial Group | 5.24% | Decreasing |
| Base Resources | BSE | $281.2M | Regal Funds Management | 10.63% | Decreasing |
| Tinybeans | TNY | $69.3M | Jason Kurtini and Sarah-Jane Kurtini | 5.42% | Decreasing |
| Tinybeans | TNY | $69.3M | Stephen O'Young | 12.18% | Decreasing |
| BWX | BWX | $534.3M | NN Group | 12.29% | Decreasing |
| National Veterinary Care | NVL | $246.8M | Grandeur Peak Global Advisors | 5.94% | Decreasing |
Australian Ethical also bought into document management software stock Nitro Software (ASX:NTO).
Manufacturer of liquid nitrogen-resistent tracking devices BlueChiip (ASX:BCT) has retreated since its disappointing quarterly. But Saville Capital took its holdings over the 5 per cent threshold as the price dipped.
Banking stock 9Spokes (ASX:9SP) welcomed Alium Alpha Fund with a 10.46 per cent stake.
Resources stocks were popular buys as well, particularly gold, with Bellevue Gold (ASX:BGL) and Emerald Resources (ASX:EMR) seeing existing substantial holders buy more.
Samuel Terry Asset Management bought into Namoi Cotton (ASX:NAM) despite the company suffering the effects of drought for many months.
Vinva Investment Management became a substantial holder of wind energy play Infigen Energy (ASX:IFN) and almond grower Select Harvests (ASX:SHV).
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| MC Mining | MCM | $65.5M | Ying He Yuan Investment | 15.20% | Becoming |
| PointsBet | PBH | $790.0M | Regal Funds Management | 6.72% | Increasing |
| FSA Group | FSA | $172.0M | Microequities Asset Management | 5.03% | Becoming |
| Carbonnxt Group | CG1 | $42.8M | Pie Funds Management | 7.74% | Becoming |
| Flexigroup | FXL | $735.5M | Renaissance Smaller Companies | 5.38% | Becoming |
| Nitro Software | NTO | $302.3M | Australian Ethical Investment | 5.04% | Becoming |
| 9Spokes | 9SP | $19.9M | Alium Alpha Fund | 10.46% | Becoming |
| Pacific Current Group | PAC | $315.7M | Fidelity | 7.23% | Increasing |
| Impelus | IMS | $5.6M | Brandan Birthistle | 33.62% | Increasing |
| Bellevue Gold | BGL | $290.7M | 1832 Asset Management | 13.71% | Increasing |
| XREF | XRF | $30.1M | Australian Ethical Investment | 5.20% | Becoming |
| The Reject Shop | TRS | $126.0M | Gragher Retail Securities | 12.77% | Increasing |
| Emerald Resources | EMR | $174.9M | Tazga Two | 9.36% | Increasing |
| Emerald Resources | EMR | $174.9M | Morgan Hart & Simore | 10.36% | Increasing |
| SciDev | SDV | $91.7M | Perennial Value Management | 9.32% | Increasing |
| Base Resources | BSE | $292.9M | Sustainable Capital | 22.25% | Increasing |
| Big River Gold | BRV | $27.7M | Sg Hiscock | 7.06% | Increasing |
| Diatreme Resources | DRX | $20.4M | Ilwella | 14.82% | Increasing |
| Musgrave Minerals | MGV | $42.6M | Westminex | 5.07% | Becoming |
| Tietto Minerals | TIE | $108.7M | HongKong Ausino Investment | 13.08% | Increasing |
| Infigen Energy | IFN | $663.9M | Vinva Investment Management | 5.50% | Becoming |
| Select Harvests | SHV | $875.2M | Vinva Investment Management | 5.05% | Becoming |
| Monash IVF | MVF | $234.6M | Allan Gray | 10.16% | Increasing |
| Yowie Group | YOW | $13.1M | Keybridge Capital | 22.94% | Increasing |
| Sudance Resources | SDL | Suspended | AustSino Resources Group | 5.46% | Becoming |
| Namoi Cotton | NAM | $49.1M | Samuel Terry Asset Management | 8.40% | Becoming |
| Pure Minerals | PM1 | $11.3M | Andrew Matheson | 7.50% | Becoming |
| Bluechiip | BCT | $71.2M | Saville Capital Emerging Companies | 5.73% | Becoming |
| Yowie Group | YOW | $13.1M | Bentley Capital | 15.35% | Increasing |
Sellers
Following another solid half yearly from Nick Scali (ASX:NCK) two fund managers, Magellan Financial Group and Ethical Partners Funds Management, cashed out but still kept some skin in the game.
Regal Funds Management sold shares in Madagascar-focused mineral sands explorer Base Resources (ASX:BSE) and subscription software licence provider Rhipe (ASX:RHP).
As part of Tinybeans’ (ASX:TNY) recent capital raise, co-founders Stephen O’Young and Sarah-Jane Kurtini sold down some of their holdings, which amounted to just over $4m between them.