Trading Places: Here are this week’s substantial holder movements
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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 |
|---|---|---|---|---|---|
| Musgrave Minerals | MGV | $41.4M | Westminex Group | 6.23% | Increasing |
| 8IP Emerging Companies | 8EC | $3.3M | Dawney & Co | 8.96% | Increasing |
| Aeris Resources | AIS | $27.8M | Tudor Court | 5.13% | Becoming |
| Aura Energy | AEE | $8.0M | Asean Deep Value Fund | 17.96% | Increasing |
| GTN | GTN | $196.4M | Dumac | 5.04% | Becoming |
| LawFinance | LAW | $39.9M | Mark Siegel | 22.24% | Becoming |
| Apollo Consolidated | AOP | $52.1M | Capricorn Group | 9.05% | Increasing |
| Superloop | SLC | $303.7M | Perennial Value Management | 9.27% | Increasing |
| BNK Banking | BBC | $59.8M | Calvin Ng | 9.24% | Increasing |
| LiveTiles | LVT | $261.2M | Webtop Holding | 9.98% | Increasing |
| BNK Banking | BBC | $59.8M | SF Legacy Investments | 9.76% | Becoming |
| Yojee | YOJ | $40.3M | Thorney Technologies | 7.12% | Increasing |
| Middle Island Resources | MDI | $17.7M | Twynam Investments | 5.66% | Increasing |
| Aura Energy | AEE | $8.0M | Asean Deep Value Fund | 18.10% | Increasing |
| Katana Capital | KAT | $32.6M | Brad Shallard | 11.36% | Increasing |
| Tikforce | TKF | Suspended | Asymmetric Credit Partners | 18.09% | Becoming |
| Tikforce | TKF | Suspended | B A Operations | 10.85% | Becoming |
| Middle Island Resources | MDI | $21.2M | Copulos Group | 13.18% | Increasing |
| LawFinance | LAW | $58.0M | Lucerne Asset Management | 16.61% | Increasing |
| Middle Island Resources | MDI | $21.2M | Richard Yates | 5.39% | Increasing |
| Great Northern Minerals | GNM | $1.7M | Ernst Kohler | 5.94% | Becoming |
| BWX | BWX | $509.2M | Wilson Asset Management | 7.06% | Increasing |
| Healius | HLS | $2.0B | EAB Holdings | 15.88% | Becoming |
| Aurelia Metals | AMI | $384.6M | Perennial Value Management | 6.34% | Increasing |
| Big River Gold | BRV | $43.5M | SG Hiscock & company | 8.48% | Increasing |
| Pure Alumina | PUA | $3.3M | Paul Knowles | 5.11% | Becoming |
| Fertoz | FTZ | $12.7M | Malcolm Weber | 6.20% | Becoming |
| Castille Resources | CST | $35.4M | Kingdon Capital Management | 5.42% | Becoming |
| LawFinance | LAW | $58.0M | EGP Capital | 9.00% | Increasing |
One of the ASX’s few plays in the legal business LawFinance (ASX:LAW) saw a lot of changes on its register following its recent capital raise.
It banked $21m in a rights issue, and taking up more stock was Lucerne Asset Management and EGP Capital.
Another company completing a capital raising is gold stock Middle Island Resources (ASX:MDI). Notable mining investor Stephen Copulos and managing director Richard Yeates both topped up their holdings.
Another gold stock witnessing substantial shareholder buying is Brazil-focused Big River Gold (ASX:BRV). S&G Hiscock topped its stake up to 8.48 per cent.
Meanwhile, Wilson Asset Management raised its stake in wellness and beauty product seller BWX (ASX:BWX) to 7.06 per cent.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Spectrum Metals | SPX | $210.8M | 1832 Asset Management | 8.21% | Decreasing |
| Integral Diagnostics | IDX | $801.5M | Perennial Value Management | 8.30% | Decreasing |
| GTN | GTN | $183.0M | Harbour Asset Management | 2.51% | Ceasing |
| BluGlass | BLG | $26.8M | SPP Technologies | 9.11% | Decreasing |
| Oncosil Medical | OSL | $91.5M | Regal Funds Management | 4.99% | Ceasing |
| Citadel Group | CGL | $259.1M | PJA Australia | 5.84% | Decreasing |
| Integral Diagnostics | IDX | $804.4M | Yarra Funds Management | 4.93% | Ceasing |
| MMA Offshore | MRM | $143.5M | First Samuel | 9% | Decreasing |
| Adairs | ADH | $429.5M | Brett Blundy | 0.00% | Ceasing |
| NTM Gold | NTM | $46.6M | Regal Funds Management | 5.30% | Decreasing |
| Ora Banda Mining | OBM | $99.7M | GR Engineering Services | 2.63% | Ceasing |
| Integral Diagnostics | IDX | $804.4M | Perennial Value Management | 7.09% | Decreasing |
| National Veterinary Care | NVL | $247.5M | Grandeur Peak Global Advisors | 1.06% | Ceasing |
| Alice Queen | AQX | $25.2M | Andrew Buxton | 6.17% | Decreasing |
| Astivita | AIR | $13.9M | Odalreach | 16.94% | Decreasing |
| Money3 | MNY | $521.5M | Thorney Opportunities | 15.00% | Decreasing |
| Adairs | ADH | $422.7M | Catalyst Investment Managers | 0.00% | Ceasing |
As National Veterinary Care (ASX:NVL) is gradually snapped up its shareholders are selling out. Grandeur Peak Global Advisors went from nearly 6 per cent to just over 1 per cent this week.
Alex Waislitz’s Thorney Opportunities cut its stake in fintech Money3 (ASX:MNY) to 15 per cent.
Both Yarra Funds Management and Perennial Value Management sold shares in Integral Diagnostics (ASX:IDX). Yarra fell below the 5 per cent threshold but Perennial still owns over 7 per cent.
Regal Funds Management sold stock in NTM Gold (ASX:NTM) and cancer fighter Oncosil Medical (ASX:OSL).
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