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.
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
