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Trading Places: Perennial Value Management bought over 8pc of the ASX’s only smart homes stock
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If you want to know where famous investors and fund managers such as Perennial Value Management are putting their money, we’ve been keeping track of substantial holder buys (and sells).
Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.
Substantial shareholders are those holding 5 per cent or more of a company’s shares — 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, as well as any change in their holdings while they remain above 5 per cent.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Nusantara Resources | NUS | $71.1M | Lion Selection Group | 21.77% | Increasing |
| Urbanise | UBN | $64.2M | Jencay Capital | 6.49% | Increasing |
| Clover Corp | CLV | $302.7M | Perpetual | 6.63% | Becoming |
| Archtis | AR9 | $84.2M | SG Hiscock | 6.67% | Increasing |
| TasFoods | TFL | $40.5M | Ag Food Opportunities Fund | 8.52% | Becoming |
| Surefire Resources | SRN | $37.2M | Vladimir Nikolaenko | 16.05% | Increasing |
| Cohiba Minerals | CHK | $20.0M | Mordechai Benedikt | 6.16% | Becoming |
| Marley Spoon | MMM | $509.5M | Perennial Value Management | 8.49% | Increasing |
| AML3D | AL3 | $64.3M | Perennial Value Management | 9.00% | Increasing |
| Black Dragon Gold | BDG | $10.7M | Delphi | 7.61% | Increasing |
| MCS Services | MCS | $7.1M | Adam and Renee Goulding | 5.95% | Becoming |
| Sparc Technologies | SPN | $9.3M | Jones Family Trust | 5.10% | Becoming |
| Tao Commodities | TAO | $22.1M | Ian Middlemas | 6.30% | Becoming |
| Elementos | ELT | $22.7M | Andrew Greig | 12.07% | Increasing |
| Senex Energy | SXY | $504.8M | Paradice Investment Management | 6.04% | Increasing |
| Viking Mines | VKA | $7.5M | Syracuse Capital | 5.54% | Increasing |
| Healius | HLS | $2.2B | Yarra Funds Management | 6.92% | Increasing |
| PNX Metals | PNX | $20.5M | Delphi | 44.38% | Increasing |
| Tao Commodities | TAO | $23.8M | DITM Holdings - Todd Hannigan | 5.30% | Becoming |
| E2 Metals | E2M | $101.8M | Martin Donohue | 7.06% | Increasing |
| New Age Exploration | NAE | $15.4M | Northern Star - Adrien Wing | 8.92% | Increasing |
| New Age Exploration | NAE | $15.4M | Bodie Investments - Stephen Layton | 5.90% | Becoming |
| Auteco Minerals | AUT | $156.7M | 1832 Asset Management | 9.95% | Increasing |
| Hot Chili | HCH | $136.9M | GS Group Australia | 6.38% | Becoming |
| MMA Offshore | MRM | $122.2M | Black Crane Asia Fund | 8.27% | Increasing |
| Tao Commodities | TAO | $22.1M | Syracuse Capital | 5.54% | Increasing |
| Greenvale Mining | GRV | $47.8M | Gun Capital Management | 12.21% | Increasing |
| TNT Mines | TIN | $28.4M | Alexander Hewlett | 5.26% | Becoming |
| Musgrave Minerals | MGV | $203.0M | Invesco | 5.00% | Becoming |
| Jervois Mining | JRV | $308.4M | AustralianSuper | 13.71% | Increasing |
| Argo Exploration | AXT | $2.7M | James Bales and Wong Peck Ling | 5.13% | Becoming |
| Deterra Royalties | DRR | $2.7B | Schroder | 5.24% | Becoming |
| TNT Mines | TIN | $28.4M | Anthony Barton | 5.52% | Increasing |
| Kleos Space | KSS | $89.3M | Stephen Silver | 15.85% | Increasing |
| MMA Offshore | MRM | $122.2M | Halom Investments | 8.14% | Increasing |
| Virtus Health | VRT | $457.4M | Paradice Investment Management | 7.70% | Increasing |
| Red Emperor Energy | RMP | $14.2M | Kenneth Baker | 7.26% | Increasing |
| Huon Aquaculture | HUO | $293.4M | AustralianSuper | 12.62% | Increasing |
| Aussie Broadband | ABB | $397.8M | Challenger | 7.03% | Increasing |
| Terragen | TGH | $58.5M | One Funds Management | 8.74% | Increasing |
| Dropsuite | DSE | $59.0M | Topline Capital Partners | 15.60% | Increasing |
| Chesser Resources | CHZ | $94.4M | 1832 Asset Management | 5.34% | Becoming |
| Vanadium Resources | VR8 | $12.0M | Faldi Ismail | 5.29% | Becoming |
| Prophecy International | PRO | $42.3M | Topline Capital Partners | 8.10% | Increasing |
| Auctus Investment Group | AVC | $36.6M | Dorman Capital | 10.46% | Increasing |
| New World Resources | NWX | $73.0M | Perennial Value Management | 6.85% | Increasing |
| Aeris Resources | AIS | $161.3M | Paradice Investment Management | 7.05% | Becoming |
| Smartpay | SMP | $144.5M | Moelis | 5.33% | Becoming |
| Peet | PPC | $546.1M | 360 Capital Whiskey | 5.00% | Becoming |
| Ainsworth Game Technology | AGI | $160.0M | Spheria Asset Management | 7.35% | Increasing |
| Boadicea Resources | BOA | $15.5M | Ulysses Ganas | 5.79% | Becoming |
| Lefroy Exploration | LEX | $21.5M | Noontide Investments | 10.05% | Increasing |
| Dragontail Systems | DTS | $35.8M | Goudy Park Management | 13.97% | Increasing |
| PTB Group | PTB | $94.0M | Asir and Nek Private | 11.57% | Increasing |
| Michael Hill | MHJ | $225.0M | Spheria Asset Management | 9.93% | Increasing |
| Nova Eye | EYE | $48.1M | Australian Ethical | 16.40% | Increasing |
| Sprintex | SIX | $11.0M | Michael Wilson | 21.84% | Increasing |
| BrainChip Holdings | BRN | $554.2M | Anil Shamro Mankar | 7.17% | Increasing |
| Karoon Energy | KAR | $539.7M | Aviva Investors | 5.37% | Becoming |
| Pilbara Minerals | PLS | $2.5B | Resource Capital Fund | 7.19% | Increasing |
| Bowen Coking Coal | BCB | $39.4M | Cape Coal/Redel Resources | 11.92% | Increasing |
| IPH | IPH | $1.4B | Invesco | 6.15% | Increasing |
| Quantify | QFY | $11.4M | Perennial Value Management | 8.32% | Becoming |
This week’s most notable buy was Perennial Value Management, buying into Quantify Technology (ASX:QFY) which is the ASX’s only pure-play smart homes stock.
Perennial bought an 8.32 per cent stake in Quantify, forking out $1.25 million.
The buy in occurred only a few weeks after Quantify undertook a share consolidation and an $4.8 million acquisition of private smart home company GSM.
Quantify projects by 2025, 49 per cent of Australian houses will have some type of smart home device. It told shareholders the deal would create “Australia’s leading electrical Internet of Things provider”.
Speaking of stocks that are unique, Chicago-based hedge fund Goudy Park Management took its stake in Dragontail Systems (ASX:DTS) which is the ASX’s only “food delivery tech” stock. Australian Ethical topped up its holdings in eye care company Nova Eye Medical (ASX:EYE).
Spheria Asset Management upped its stakes in jewellery shop operator Michael Hill (ASX:MHJ) and Ainsworth Game Technology (ASX:AGI).
Challenger bought more of the ASX’s newest broadband stock Aussie Broadband (ASX:ABB) – now owning 7 per cent.
Among resources juniors, stocks that welcomed new substantial holders include copper play Aeris Resources (ASX:AIS) which welcomed Paradice Investment Management and Chesser Resources (ASX:CHZ) which welcomed 1832 Asset Management.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Acumentis Group | ACU | $18.7M | White Valuations | 5.74% | Decreasing |
| Clean Teq Holdings | CLQ | $218.8M | AustralianSuper | 7.58% | Decreasing |
| Tombador Iron | TI1 | $94.9M | Regal Funds Management | <5% | Ceasing |
| Latin Resources | LRS | $34.3M | Lind Asset Management | <5% | Ceasing |
| Boss Energy | BOE | $135.5M | Tribeca | 7% | Decreasing |
| Fleetwood | FWD | $202.5M | Perennial Value Management | 10.72% | Decreasing |
| Primero Group | PGX | $94.4M | Perennial Value Management | 8.21% | Decreasing |
| Piedmont Lithium | PLL | $491.1M | Fidelity | 5.22% | Decreasing |
| Oneview Healthcare | ONE | $11.7M | Novatrust | <5% | Ceasing |
| Vintage Energy | VEN | $33.0M | Regal Funds Management | 10.07% | Decreasing |
| Credit Clear | CCR | $158.0M | Belinda Nixon | <5% | Ceasing |
| GTN | GTN | $99.0M | Renaissance Smaller Companies | <5% | Ceasing |
| Sunshine Gold | SHN | $6.0M | Torresan Group | 13.60% | Decreasing |
| SRG Global | SRG | $191.7M | Wentworth Williamson Management | <5% | Ceasing |
| Alexium International | AJX | $43.1M | Wentworth Williamson Management | 7.14% | Decreasing |
| Atomos | AMS | $203.2M | Perennial Value Management | <5% | Ceasing |
| PWR Holdings | PWH | $497.9M | Perennial Value Management | <5% | Ceasing |
| Fleetwood | FWD | $196.8M | Perennial Value Management | 7.75% | Decreasing |
| Damstra Holdings | DTC | $257.8M | Regal Funds Management | 5.78% | Decreasing |
| Chalice Mines | CHN | $1.4B | Franklin Resources | <5% | Ceasing |
| Alligator Energy | AGE | $19.2M | Lindsay Carthew | <5% | Ceasing |
| SRG Global | SRG | $191.7M | Perennial Value Management | 10.54% | Decreasing |
| Candy Club | CLB | $37.5M | Como Super Fund | 5.42% | Decreasing |
| Village Roadshow | VRL | $582.0M | Spheria Asset Management | <5% | Ceasing |
| Lithium Power International | LPI | $73.6M | Regal Funds Management | 9.27% | Decreasing |
| Medadvisor | MDR | $130.8M | Regal Funds Management | <5% | Ceasing |
| Adairs | ADH | $576.4M | Pendal | <5% | Ceasing |
| Stemcell | SCU | $20.8M | Jimmy Thomas | <5% | Ceasing |
| Piedmont Lithium | PLL | $485.5M | Alyeska Master Fund | <5% | Ceasing |
| 4D Medical | 4DX | $569.2M | Perennial Value Management | <5% | Ceasing |
| Synertec | SOP | $20.7M | Kerry Abdallah | 13.89% | Decreasing |
| Elixinol | EXL | $51.8M | Regal Funds Management | 13.97% | Decreasing |
| Alpha A4 | A4N | $207.7M | Regal Funds Management | 11.79% | Decreasing |
| Immutep | IMM | $262.0M | Perennial Value Management | <5% | Ceasing |
| Right Crowd | RCW | $76.6M | Australian Ethical | <5% | Ceasing |
Spheria Asset Management sold its entire stake in theme park operator and takeover target Village Roadshow (ASX:VRL), netting approximately $50 million.
Regal Funds Management sold its stake in cannabis stock Elixinol Global (ASX:EXL) and high purity alumina (HPA) stock Alpha HPA (ASX:A4N).
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Featured Companies
- ASX: EXL Elixinol Wellness
- ASX: ZMM Zimi
- ASX: ABB Aussie Broadband
- ASX: EYE Nova Eye Medical
- Village Roadshow
- ASX: DTS Dragontail Systems
- ASX: MHJ Michael Hill
- ASX: CHZ Chesser Resources
- ASX: A4N Alpha HPA
- ASX: AGI Ainsworth Game Technology
- ASX: AIS Aeris Resources
- ASX: EXL Elixinol Global
- ASX: QFY Quantify Technology Holdings
