Trading Places: Here are this week’s substantial holder movements
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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.
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.
|Boom Logistics||BOL||$63.1M||Castle Point Funds Management||7.31%||Increasing|
|Australian Finance Group||AFG||$545.4M||Wilson Asset Management||6.13%||Increasing|
|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|
|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|
|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|
|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|
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|
|Benetic Biopharma||BLT||$14.4M||Sabby Management||5.62%||Decreasing|
|Enero Group||EGG||$158.4M||Forager Funds Management||6.33%||Decreasing|
|Pacific Smiles Group||PSQ||$257.6M||Alexander Abrahams||20.87%||Decreasing|