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

Australia’s secondary share market, the NSX (ASX:NSX), welcomed a new substantial holder this week. Hong Kong-based company United Capitals bought an 11.9 per cent share.

While Gina Rinehart’s Hancock Prospecting is a private company, she owns stakes in a few ASX small caps. One of these is gold explorer Catalyst Metals (ASX:CYL) and she put more of her money into it last week – upping her ante to 14.78 per cent.

Ed-tech stock Schrole Group (ASX:SCL) saw Capital H Management increase its stake to 12.2 per cent.

Also among fund manager trades this week, Perpetual topped up its holdings in furniture retailer Nick Scali (ASX:NCK) and Samuel Terry Asset Management bought more of digital marketing play Salmat (ASX:SLM).

Mariner Corporation (ASX:MCX) recently raised $2.4m to extinguish its debts, and taking a whopping 71.41 per cent stake was Panshan Capital. Little information is available about Panshan except that it is based in Sydney.

Company Code Market Cap Holder Stake Status
Boom Logistics BOL $63.1M Castle Point Funds Management 7.31% Increasing
Australian Finance Group AFG $545.4M Wilson Asset Management 6.13% Increasing
NSX NSX $38.9M United Capitals 11.90% Becoming
Macquarie Telecom MAQ $492.2M Viburnum Funds 9.80% Increasing
Advanced Braking Technology ABV $11.2M Keith Knowles 18.30% Increasing
Siburan Resources SBU Suspended Ace Solution Investments 12.53% Becoming
Desane Group Holdings DGH $58.9M Felice Montrone 6.67% Increasing
Nick Scali NCK $507.9M Perpetual 11.22% Increasing
Retail Food Group RFG $177.0M Regal Funds Management 14.23% Increasing
Empire Energy Group EEG $111.6M Elphinstone Group 5.05% Becoming
Catalyst Metals CYL $230.4M Gina Rinehart 14.78% Increasing
Simble Solutions SIS $4.8M 19.71% Increasing
Electro Optic Systems EOS $757.1M Regal Funds Management 6.14% Becoming
Alliance Aviation Services AQZ $336.5M Remco Properties 5.69% Increasing
Mitchell Services MSV $102.8M Scott Tumbridge 7.20% Becoming
Onevue Holdings OVH $100.4M Moelis 6.17% Increasing
Splitit SPT $247.7M Gil Don 5.38% Becoming
Salmat SLM $136.8M Samuel Terry Asset Management 10.40% Increasing
Mincor Resources MCR $205.4M Squadron Resoures 6.17% Becoming
Universal Biosensors UBI $37.3M Viiburnum Funds 20.65% Increasing
PYC Therapeutics PYC $173.0M Australian Land 27.11% Increasing
RBR Group RBR $12.4M Athol Emerton 12.30% Increasing
Empire Energy Group EEG $123.4M Global Energy and Resources Development 9.79% Increasing
Aus Tin Mining ANW $3.7M Karl and Lisa Hamann 10.02% Increasing
Schrole Group SCL $19.5M Capital H Management 12.20% Increasing
Alchemy Resources ALY $6.6M Stephen Nordstrom 5.09% Becoming
Enero Group EGG $158.4M Wilson Asset Managment 8.78% Increasing
Rafaella Resources RFR $5.0M Ulex Recursos 6.21% Becoming
Mariner Corporaration MCX $893.0K Panshan Capital 71.41% Becoming
Pacific Smiles Group PSQ $257.6M QVG Capital 5.08% Becoming
Tikforce Stuart Usher 18.82% Becoming

 

Sellers

Nearly two years after Rhythm Biosciences (ASX:RHY) listed, 38 per cent of its capital is due to come out of escrow.

Formerly its largest holder, Merchant once held as much as 8 per cent of this company. But it has been gradually selling and has fallen below 5 per cent.

Australian Ethical Investment reduced its stake in Prescient Therapeutics (ASX:PTX), while Regal Funds Management did likewise with Wellness and Beauty Solutions (ASX:WNB).

Company Code Market Cap Holder Current Stake Status
MMA Offshore MMA $162.0M Tribeca Investment Partners 4.32% Ceasing
Wellness and Beauty Solutions WNB $4.0M Regal Funds Management 12.39% Decreasing
1414 Degrees 14D $28.5M Harold Tomblin 5.26% Decreasing
Ennox Group EXO Suspended MMRW Holding 8.96% Decresing
Prescient Therapeutics PTX $34.7M Australian Ethical Investment 9.47% Decreasing
Salmat SLM $136.8M Allan Gray 14.75% Decreasing
Benetic Biopharma BLT $14.4M Sabby Management 5.62% Decreasing
Rhythm Biosciences RHY $14.6M Merchant 4.90% Ceasing
Salmat SLM $135.8M Allan Gray 13.45% Decreasing
Enero Group EGG $158.4M Forager Funds Management 6.33% Decreasing
Atomos AMS $275.4M Ellerston Capital 7.41% Decreasing
Pacific Smiles Group PSQ $257.6M Alexander Abrahams 20.87% Decreasing

Read More: 

The how, what and why of the NSX – the evolution of an Australian secondary market 

At Stockhead we tell it like it is. While Schrole Group is a Stockhead advertiser, it did not sponsor this article.