Trading Places is Stockhead’s weekly recap of substantial holder transactions among ASX small caps.

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.



Victorian corporate magnate Geoff Lord has had a long and illustrious career from Elders to Foster’s and has included stints on the boards of Hawthorn and the Melbourne Victory.

He now holds 19.5 per cent of Babylon Pump and Power (ASX:BPP) and is the company’s largest shareholder. This week he was formally engaged as a strategic advisor.

Investor Chris Retoz, who is better known for fast food retail (particularly KFC franchises) crossed the substantial holder threshold and owns 5.15 per cent of Technology Metals (ASX:TMT). He bought around $60,000 in the last couple of weeks.

Among fund managers this week, Yarra Funds Management took its holding in vehicle lessor Eclipx Group (ASX:ECX) to 10.38 per cent. It made net purchases of over $15m.

Regal Funds Management increased its holdings in NTM Gold (ASX:NTM) and Wellness & Beauty Solutions (ASX:WNB).

Spheria Asset Management became a substantial holder in National Tyre & Wheel (ASX:NTD) and increased its stake in GR Engineering Services (ASX:GNG).

Wilson Asset Management accumulated a 5.82 per cent stake in skincare company BWX (ASX:BWX).

Company Code Market Cap Holder Stake Status
PKS Holdings PKS $20.6M JM Financial Group 5.93% Becoming
BWX BWX $494.5M Wilson Asset Management 5.82% Becoming
Emeco Holdings EHL $578.5M Perennial Value Management 5.44% Becoming
Superloop SLC $365.9M Perennial Value Management 5.58% Becoming
Panterra Gold PGI $7.0M Moonstar Investments 34.16% Increasing
GR Engineering Services GNG $129.8M Spheria Asset Management 12.04% Increasing
Elmore ELE Suspended First Samuel 32.78% Increasing
Aura Energy AEE $6.6M Asean Deep Value Fund 16.46% Increasing
Babylon Pump & Power BPP $14.5M Geoffrey Lord 19.50% Increasing
Eureka Group EGH $75.9M Naos Asset Management 13.73% Increasing
Technology Metals TMT $11.8M Chris Retzos 5.15% Becoming
Paragon Care PGC $145.3M Pioneer Pharma 16.07% Increasing
HotCopper HOT $25.7M Somers 22.91% Increasing
Wellness & Beauty Solutions WNB $4.8M Regal Funds Management 15.90% Increasing
NTM Gold NTM $33.7M Regal Funds Management 6.40% Becoming
Silver City Minerals SCI $3.5M Gavin Wates & Upsky Equity 7.72% Increasing
SenSen Networks SNS $38.8M JM Financial Group 6.20% Becoming
Emperor Energy EMP $3.2M Carl Dumbrell 7.15% Increasing
JVG Global JVG Suspended Kevin Leary 14.90% Increasing
NTM Gold NTM $33.7M Empire Resources 10.53% Increasing
Australis Oil and Gas ATS $128.2M Westoz Funds Management 6.26% Increasing
HotCopper HOT $25.7M ROI Capital & Marcus New 9.75% Becoming
HotCopper HOT $25.7M David Argyle 36.40% Increasing
Wolf Minerals WLF Suspended Synergy Investment 94.82% Becoming
Starpharma Holdings SPL $476.1M UIL 5.12% Becoming
QMS Media QMS $420.6M Sand Grove Capital Management 6.74% Becoming
PointsBet PBH $469.3M Brett Paton 7.41% Increasing
Zenith Energy ZEN $94.1M Moelis Australia 7.41% Increasing
Vmoto VMT $39.3M Raymond And Susan Munro 7.80% Increasing
MyFiziq MYQ $30.4M The Rain Maker Mgmt 8.80% Increasing
Amani Gold ANL $12.1M Maosen Zhong 12.01% Increasing
Auroch Minerals AOU $9.6M MIMO Strategies 7.64% Increasing
Swick Mining Services SWK $49.4M Kent Swick 10.97% Increasing
GWA Group GWA $810.3M Ethical Partners Funds Management 7.41% Increasing
National Tyre & Wheel NTD $44.2M Spheria Asset Management 5.51% Becoming
Barra Resources BAR $14.3M FMR Investments 14.71% Increasing
Eclipx Group ECX $542.4M Yarra Funds Management 10.38% Increasing
WiseWay Group WWG $21.1M SG Hiscock and Company 5.06% Becoming
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Harvest Lane Asset Management had a stake of 6.82 per cent in Azumah Resources (ASX:AZM) but sold out this week for just over $2m. The Africa-focused gold miner is being taken over by Ibaera Capital.

Milford Asset Management ceased to be substantial holders of mortgage broking group Australian Finance Group (ASX:AFG).

Fund managers that reduced their holdings while remaining substantial holders included Challenger in SeaLink Group (ASX:SLK), Perennial Value Management in baby retail chain Baby Bunting (ASX:BBN) and Regal Funds Management in QMS Media (ASX:QMS).

Company Code Market Cap Holder Current Stake Status
Antisense Therapeutics ANP $44.1M Australian Ethical Investment 17.12% Decreasing
Genetic Signatures GSS $116.1M Asia Union Investments & Christopher Abbott 31.69% Decreasing
SeaLink Group SLK $733.5M Challenger 5.20% Decreasing
Baby Bunting BBN $473.3M Perennial Value Management 6.34% Decreasing
Azumah Resources AZM $31.3M Harvest Lane Asset Management 0.00% Ceasing
Australian Finance Group AFG $590.7M Milford Asset Management 0% Ceasing
Novita Healthcare NHL $53.2M Peter & Diana Diamond 6.16% Decreasing
QMS Media QMS $420.6M Regal Funds Management 6.23% Decreasing
RPMGlobal Holdings RUL $192.2M Perennial Value Management 10.48% Decreasing
MNF Group MNF $368.3M Naos Asset Management 12.01% Decreasing
BWX BWX $519.4M NN Group 14.59% Decreasing
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