Trading Places: Here are this week’s substantial holder movements
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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.
As we reported on Monday, Tim Goyder put another $520,000 into one of his mining companies – DevEx Resources (ASX:DEV). You’d probably know him better for Liontown Resources (ASX:LTR) and Strike Energy (ASX:STX).
DevEx is a New South Wales-focused gold and copper explorer drilling in the same neighbourhood as New York-listed miner Newmont (NYSE:NEM). Goyder now owns 21.7 per cent of DevEx.
Retail tech play Onemarket (ASX:OMN), which was spun out of Westfield, told shareholders it was seeking to delist. But that did not stop Sydney-based investment trust Nordlys Investments buying a 7.3 per cent stake in the company.
Alex Waislitz’ Thorney Technologies bought stocks in Prime Media Group (ASX:PRT) and Jayride Group (ASX:JAY).
Money manager Viburnum Funds topped up its holdings in Ashley Services Group (ASX:ASH) and Integral Diagnostics (ASX:IDX).
AustralianSuper did likewise with Orecorp (ASX:ORR) and Paringa Resources (ASX:PNL).
The company once known as a battery explorer called Hylea Metals is now a uranium explorer called Lotus Metals (ASX:LOT). News that it was forking out $10m on a Malawi mine sent it surging in June.
Existing shareholder Copia Investment Partners bought more of the stock and now owns 6.99 per cent.
Regal Funds Management cut its stake in know-your-customer fintech Kyckr (ASX:KYK) to 4.74 per cent.
Spheria Asset Management reduced its holdings in City Chic Collective (ASX:CCX), a plus size retailer which rose from 11c to $2.76 yesterday.
Spheria still holds 8.72 per cent but in the last few months has sold a parcel of shares worth $5m now which would have been worth only $200,000 just two years ago.
Another stock that has gone viral is burn treating stock Avita Medical (ASX:AVH). Hong Kong-based investor Karst Peak Capital cut its stake to 7.06 per cent. It sold a package worth over $4m that at the start of the year was worth little over $500,000.