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.
Buyers
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.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Eclipx Group | ECX | $530.6M | Yarra Funds Management | 11.35% | Increasing |
| Damstra Holdings | DTC | $147.1M | PErennial Value Management | 5.16% | Becoming |
| AusQuest | AQD | $9.5M | Chrysalis Investments | 23.05% | Increasing |
| 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 |
| Onemarket | OMN | $96.7M | Nordlys Investments | 7.30% | Becoming |
| Orecorp | ORR | $104.2M | AustralianSuper | 9.99% | Increasing |
| Paringa Resources | PNL | $28.6M | AustralianSuper | 14.77% | 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 |
| Cellmid | CDY | $23.2M | Dennis Eck | 8.47% | 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 |
| Vortiv | VOR | $21.7M | Ilewa/Quentin Flannery | 8.15% | Increasing |
| 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 |
| CardieX | CDX | $20.8M | C2Ventures | 22.17% | 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 |
| Diatreme Resources | DRX | $18.3M | Illewa | 13.66% | Becoming |
| Pylogica | PYC | $173.6M | David Sietsma | 9.97% | Increasing |
| Retail Food Group | RFG | $16.1M | Invesco | 19.90% | Increasing |
Sellers
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 |
| BluGlass | BLG | $52.4M | SPP Technologies | 10.26% | Decreasing |
| Kyckr | KYK | $25.2M | Regal Funds Management | 4.74% | Ceasing |
| Avita Medical | AVH | $1.2B | Karst Peak Capital | 7.06% | Decreasing |
| OptiComm | OPC | $405.9M | Paul Cross | 8.92% | Decreasing |
| City Chic Collective | CCX | $557.4M | Spheria Asset Management | 8.72% | Decreasing |
| FBR | FBR | $89.6M | Fidelity | 7.99% | Decreasing |
Read More: The Explorers: Tim Goyder and the secret behind his magical small cap ‘four-peat’