Trading Places: More investors follow WiseTech founder into Kyckr
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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.
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.
|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|
|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|
|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|
|Eureka Holdings||EGH||$67.9M||Naos Asset Management||6.32%||Becoming|
|Ooh! Media||OML||$711.7M||HMI Capital||15.12%||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|
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|
|Paladin Energy||PDN||$217.5M||China Investment Corporation||0%||Ceasing|
|Focus Minerals||FML||$54.8M||Neil Subin||12.97%||Decreasing|
|Motorcycle Holdings||MTO||$130.2M||Naos Asset Management||5.54%||Decreasing|
|Byron Energy||BYE||$264.5M||Keybridge Capital||6.00%||Decreasing|
|Droneshield||DRO||$92.3M||Regal Funds MAnagement||14.49%||Decreasing|