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.
|Eclipx Group||ECX||$530.6M||Yarra Funds Management||11.35%||Increasing|
|Damstra Holdings||DTC||$147.1M||PErennial Value Management||5.16%||Becoming|
|Yellow Brick Road||YBR||$21.8M||Magnetar Financial||12.33%||Becoming|
|Devex Resources||DEV||$15.8M||Timothy Goyder||21.71%||Increasing|
|Altech Chemicals||ATC||$85.3M||Melewar Equities||9.12%||Increasing|
|Western Areas||WSA||$776.9M||Vinva Investment Management||5.00%||Becoming|
|Jayride Group||JAY||$27.1M||Thorney Technologies||5.26%||Becoming|
|Exore Resources||ERX||$39.7M||Bank of Nova Scotia||9.01%||Increasing|
|Ashley Services Group||ASH||$55.4M||Viburnum Funds||8.41%||Increasing|
|Jayride Group||JAY||$17.7M||Yifat Shibren||12.34%||Increasing|
|Jayride Group||JAY||$17.7M||Andrey Shirben||12.34%||Increasing|
|Lotus Resources||LOT||$16.3M||Copia Investment Partners||6.99%||Increasing|
|GTN||GTN||$167.8M||Spheria Asset Management||5.33%||Becoming|
|Prime Media Group||PRT||$73.3M||Thorney Technologies||13.89%||Increasing|
|Thomson Resources||TMZ||$3.9M||Bacchus Resources||13.27%||Becoming|
|Thomson Resources||TMZ||$3.9M||Australian Mineral & Waterwell Drilling||13.30%||Increasing|
|Lindian Resources||LIN||$10.7M||KAbunga Family||14.27%||Increasing|
|Altura Mining||AJM||$146.2M||Alan Buckler||14.52%||Increasing|
|Raiden Resources||RDN||$3.0M||Faldi Ismail||5.45%||Becoming|
|Orion Minerals||ORN||$72.3M||United Super||5.61%||Becoming|
|Integral Diagnostics||IDX||$663.4M||Viburnum Funds||9.68%||Increasing|
|Australian Finance Group||AFG||$538.9M||Milford Asset Management||5.86%||Becoming|
|Calidus Resources||CAI||$49.4M||Eleanor Jean Reeves||7.36%||Becoming|
|Auris Minerals||AUR||$5.7M||Goldfire Enterprises||8.84%||Increasing|
|Eureka Group Holdings||EGH||$78.2M||Naos Asset Management||14.94%||Increasing|
|STEMify||SF1||$4.1M||Parry Capital Management||9.22%||Increasing|
|Retail Food Group||RFG||$16.1M||Invesco||19.90%||Increasing|
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.
|Company||Code||Market Cap||Holder||Current Stake||Status|
|Acrow Formwork and Construction||ACF||$56.6M||Perennial Value Management||13.84%||Decreasing|
|Atomos||AMS||$309.3M||Perennial Value Management||7.88%||Decreasing|
|Enero Group||EGG||$157.1M||Forager Funds Management||7.49%||Decreasing|
|Eureka Group Holdings||EGH||$78.2M||Salt Funds Management||6.13%||Decreasing|
|Kyckr||KYK||$25.2M||Regal Funds Management||4.74%||Ceasing|
|Avita Medical||AVH||$1.2B||Karst Peak Capital||7.06%||Decreasing|
|City Chic Collective||CCX||$557.4M||Spheria Asset Management||8.72%||Decreasing|