Trading Places: James Baillieu is betting on Candy Club to bounce back
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In this week’s recap of substantial holders, James Baillieu has bought into Candy Club (ASX: CLB), WiseTech’s Michael Gregg bought into Oliver’s Real Foods (ASX: OLI) and Delphi bought a 14.6 per cent stake in Variscan Mines (ASX: VAR).
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.
While most of 2019’s IPOs have performed well, ‘sweets as a service’ firm Candy Club (ASX: CLB) has been one of the few exemptions, falling over 70 per cent since its IPO.
But James Baillieu has taken a $174,000 punt and became a substantial holder – holding 5.67 per cent. Also buying was director Chi Kan Tang who took his stake to 18.38 per cent and he forked out $565,000.
As we mentioned last Friday, Oliver’s Real Foods (ASX: OLI) welcomed WiseTech executive and investor Michael Gregg. He bought $704,000 in stock for a 6.82 per cent stake.
German institutional investor Delphi bought a 14.6 per cent stake in Variscan Mines (ASX: VAR) and increased its stake in TNG (ASX: TNG) to 12.28 per cent. The former is closer to Delphi than you may think. It just bought advanced zinc projects in Spain.
PointsBet (ASX: PBH) welcomed its new business partner Penn Interactive as a 5.57 per cent shareholder. The latter will help the former roll out gaming operations into five US states.
Among fund managers, Ethical Partners Funds Management bought a 7.77 per cent stake in Nick Scali (ASX: NCK) and Spheria Asset Management took its stake in GBST Holdings (ASX: GBT) to 17.99 per cent. The latter bought $5.3 million this week.
Naos Asset Management now has a 19.65 per cent stake in BTC Health (ASX: BTC) and Westoz Funds Management increased its stake in Zenith Energy (ASX: ZEN) to nearly 9 per cent.
Microequities Asset Management bought $870,000 in UCW (ASX: UCW) stock and now holds a 5.25 per cent stake. After a record quarterly, Redbubble (ASX: RBL) saw Challenger take a 5.11 per cent stake.
Alex Waislitz’ Tiga Trading bought a 6.35 per cent stake in Sundance Energy (ASX: SEA). In the company’s own words it overachieved last quarter, selling over a million barrels of oil equivalent.
|HRL Holdings||HRL||$56.7M||Viburnum Finds||21.87%||Increasing|
|Reffind||RFN||$1.8M||First State Super||5.66%||Becoming|
|Alliance Mineral Assets||A40||$121.1M||Weier Antriebe||9.06%||Increasing|
|Vimy Resources||VMY||$39.1M||Acorn Capital||5.17%||Decreasing|
|Yellow Brick Road||YBR||$20.8M||Mercantile Investment Comnapy||21.43%||Increasing|
|Comet Resources||CRL||$8.3M||Alberta Resources||10.01%||Increasing|
|GTI Resources||GTI||$3.4M||Jason Peterson||11.61%||Increasing|
|GBST Holdings||GBT||$264.2M||Spheria Asset Management||17.99%||Increasing|
|Oro Verde||OVL||$14.1M||JGM Property Investments||7.55%||Increasing|
|A2B Australia||A2B||$208.4M||Edgbaston Investment Partners||8.27%||Increasing|
|Oliver's Real Foods||OLI||$10.3M||Michael Gregg||6.82%||Becoming|
|Spectrum Metals||SPX||$101.2M||Chalice Gold Mines||5.21%||Becoming|
|MCS Services||MSG||$4.3M||Capital H Management||8.53%||Becoming|
|Nick Scali||NCK||$498.2M||Ethical Partners Funds Management||7.77%||Becoming|
|UCW||UCW||$20.0M||Microequities Asset Management||5.25%||Becoming|
|Zenith Energy||ZEN||$85.4M||Westoz Funds Management||8.91%||Increasing|
|GBST Holdings||GBT||$263.5M||Pinnacle Investment Management||5.00%||Becoming|
|Northern Minerals||NTU||$151.6M||Liu Xiaohua||5.00%||Becoming|
|Aeris Environmental||AEI||$62.5M||Link Enterprises||6.97%||Increasing|
|Venus Metals Corporation||VMC||$26.0M||Christopher Wallin||5.03%||Becoming|
|Consolidated Zinc||CZL||$13.0M||Copulos Group||29.51%||Increasing|
|Registry Direct||RD1||$1.5M||Donald McLay||27.89%||Increasing|
|Registry Direct||RD1||$1.5M||Ian Roe||41.59%||Increasing|
|Temple & Webster||TPW||$188.0M||Ice Investors||7.57%||Increasing|
|Genesis Minerals||GMD||$41.4M||Alkane Resources||5.82%||Becoming|
|BTC Health||BTC||$24.3M||Naos Asset Management||19.65%||Increasing|
|Australian Pacific Coal||AQC||$19.2M||Buguo Wang||7.69%||Increasing|
|PointsBet||PBH||$360.3M||Penn Interactive Ventures||5.57%||Becoming|
|Sudance Energy||SUD||$120.3M||Tiga Trading||6.35%||Becoming|
|Boom Logistics||BOL||$68.1M||Greig and Harrison||7.70%||Increasing|
|Vimy Resources||VMY||$39.1M||Forrest Family Investments||12.71%||Increasing|
|Kingwest Resources||KWR||$13.5M||Bank of Nova Scotia||7.29%||Becoming|
|Candy Club Holdings||CLB||$8.9M||Chi Kan Tang||18.38%||Increasing|
|Candy Club Holdings||CLB||$8.9M||James Baillieu||5.67%||Becoming|
|Admedus||AHZ||Suspended||Star Bright Group||22.62%||Increasing|
|Agency Group||AU1||$7.9M||Magnolia Equities||7.65%||Becoming|
Among this weeks sellers, CBC sold out of Carawine Resources (ASX: CWX). The gold miner was spun off from Sheffield Resources (ASX: SFR) two years ago.
Another sell-out occurred in Hammer Metals (ASX: HMX) with Resource Capital selling all its shares – nearly $500,000.
IOOF decreased its stake in Imdex (ASX: IMD) to 5.3 per cent while Perpetual ceased to be substantial holders of McGrath (ASX: MEA).
|Company||Code||Market Cap||Holder||Current Stake||Status|
|Invigor Group||IVO||$8.6M||Yun Cong Ye & Min Hua Huang||0%||Ceasing|
|GBST Holdings||GBT||$264.2M||Microequities Asset Management||3.07%||Ceasing|
|VRX Silica||VRX||$54.6M||Goldfire Enterprises||4.95%||Ceasing|
|Hammer Metals||HMX||$9.3M||Resource Capital Fund||0%||Ceasing|
|GBST Holdings||GBT||$264.2M||Burgundy Asset Management||6.94%||Decreasing|
|XPlore Wealth||XPL||$28.8M||Argo Investments||4.25%||Ceasing|
|TV2U||TV2||$18.0M||Lind Asset Management||8.03%||Decreasing|
|Venturex Resources||VXR||$51.8M||Regent Pacific||12.59%||Decreasing|