Trading Places is Stockhead’s weekly recap of substantial holder movements focusing on fund managers.

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

If you want to be Australia’s next tech success story there’s no better endorsement than someone who’s been there and done that investing in you. WiseTech’s (ASX:WTC) Richard White bought nearly 20 per cent of Kyckr (ASX:KYK) by partaking in a $5.2m capital raise.

He invested a total of $2.97m. A week on, his stake is worth $12.1m as shareholders followed his lead. Regal Funds Management also got in, buying a 5.07 per cent stake.

Regal also bought 5.9 per cent of Quickstep Holdings (ASX:QHL) and DGO Gold (ASX:DGO).

Spheria has been continuing to buy A2B Australia (ASX:A2B) shares. It now owns 17.23 per cent of this company, once a large cap known as Cabcharge.

Vinva Asset Management bought 5.19 per cent of Baby Bunting (ASX:BBN),while Selector Funds Management topped up its holdings in OFX Group (ASX:OFX) to 8.58 per cent.

Paradice Investment Management became a substantial holder of Probiotec (ASX:PBP), putting $9m into the stock for an 8.78 per cent stake.

IOOF became a substantial holder of global traffic networking stock GTN (ASX:GTN) with a 5.31 per cent stake and it increased its holdings in Alliance Aviation (ASX:AVQ) to 12.93 per cent.

Davenport Resources (ASX:DAV) welcomed two substantial holders which now own over 15 per cent between them. First was Victoria-based resources investor Lions Bay Capital and second German institutional investor Delphi.

2019’s hottest IPO, Uniti Group (ASX:UWL), raised $100m to fund its latest acquisition. Its only two substantial holders, Cornish Group Investments and Capital J Investments, both took up their rights but their stakes decreased to 9.25 per cent and 5.76 per cent, respectively.

Company Code Market Cap Holder Stake Status
Parkway Minerals PWN $5.1M Activated Logic 16.78% Becoming
Metro Performance Glass MPP $53.8M Schroder Investment Management 5.13% Becoming
Wellness & Beauty Solutions WNB $4.6M Geoffrey Pearce 12.47% Increasing
DGO Gold DGO $28.9M Regal Funds Management 11.95% Becoming
Rectifier Technologies RFT $82.1M Yung Shing 10.96% Becoming
MetalsTech MTC $2.0M Jason Peterson 5.02% Becoming
Azumah Resources AZM $27.4M IGIC 17.66% Becoming
Kyckr KYK $44.0M Richard White 19.62% Becoming
Davenport Resources DAV $7.4M Delphi 9.15% Becoming
Davenport Resources DAV $7.4M Lions Bay Capital 6.06% Becoming
Echo Resources EAR $231.6M Maso Capital Investments 7.82% Increasing
Centaurus Metals CTM $50.8M Twynam Investments 5.21% Becoming
Redflex Holdings RDF $84.0M Coliseum Capital Management 28.66% Increasing
GTN GTN $184.8M IOOF 5.31% Becoming
Alliance Aviation AQZ $299.2M IOOF 12.93% Increasing
Babylon Pump and Power BPP $10.2M FGI Holdings - Richard Harding 8.01% Increasing
Locality Planning Energy Holdings LPE $33.6M EGP Capital 6.10% Becoming
Range Resources RRS Suspended Sramek BioDynamics Holdings 13.04% Becoming
Uniti Group UWL $379.3M Cornish Group Investments 9.25% Increasing
Baby Bunting BBN $422.3M Vinva Asset Management 5.19% Becoming
Probiotec PBP $113.8M Paradice Investment Management 8.78% Becoming
A2B A2B $178.8M Spheria Asset Management 17.23% Increasing
Buddy Technologies BUD $42.9M Fidelity 9.08% Increasing
Eureka Holdings EGH $67.9M Naos Asset Management 6.32% Becoming
Windlab WND $56.6M Jencay Capital 5.04% Becoming
Tambla TBL $8.9M John Plummer 5.10% Becoming
Ooh! Media OML $711.7M HMI Capital 15.12% Increasing
Redbubble RBL $386.5M Challenger 6.68% Increasing
Quickstep Holdings QHL $88.8M Regal Funds Management 5.90% Becoming
Kyckr KYK $64.2M Regal Funds Management 5.07% Becoming
OFX OFX $375.2M Selector Funds Managment 8.58% Increasing
Uniti Group UWL $379.3M Capital J Investments 5.76% Increasing

 

Sellers

IOOF halved its holdings in Kyckr from 13.4 per cent to 6.34 per cent. It also cut its stake in Amaysim (ASX:AYS), which has more than halved since mid-July after disappointing results.

Regal decreased its stake in Droneshield (ASX:DRO) and Alpha HPA (ASX:A4N).

Rhythm Biosciences’ (ASX:RHY) largest shareholder, Merchants Funds Management cut its stake to 6.5 per cent.

Big River Gold (ASX:BRV) sold out of Meteoric Resources (ASX:MEI) for $2.75m. Big River received the shares as compensation for the sale of its projects to Meteoric. It was able to negotiate an early release from escrow to sell the shares.

Company Code Market Cap Holder Current Stake Status
Meteoric Resources MEI $63.0M Big River Gold 0% Ceasing
Alpha HPA A4N $102.4M Regal Funds Management 12.86% Decreasing
Rhythm Biosciences RHY $18.1M Merchant Funds Management 6.55% Decreasing
Clover Corporation CLV $453.2M Washington H Soul Pattinson 24.05% Decreasing
QuickStep Holdings QHL $88.8M Washington H Soul Pattinson 2.73% Ceasing
BlueChiip BCT $94.9M Belltether Super 5.60% Decreasing
Paladin Energy PDN $217.5M China Investment Corporation 0% Ceasing
Focus Minerals FML $54.8M Neil Subin 12.97% Decreasing
Veris VRS $21.7M IOOF 12.60% Decreasing
PKS Holdings PKS $23.0M IOOF 4.9% Ceasing
Amaysim AYS $113.6M IOOF 8.58% Decreasing
Motorcycle Holdings MTO $130.2M Naos Asset Management 5.54% Decreasing
Byron Energy BYE $264.5M Keybridge Capital 6.00% Decreasing
Kyckr KYK $64.2M IOOF 6.34% Decreasing
Droneshield DRO $92.3M Regal Funds MAnagement 14.49% Decreasing