Trading Places: More investors follow WiseTech founder into Kyckr

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