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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
Woomera Mining WML $9.9M Adelaide Equity Partners 7.24% Increasing
Black Dragon Gold BDG $14.0M Delphi 6.53% Becoming
Yandal Resources YRL $20.1M Au Xingao Investments 15.83% Increasing
Caravel Minerals CVV $13.9M Alasdair Cooke 8.12% Increasing
Maxitrans MXI $32.4M TelstraSuper 5.99% Becoming
Auroch Minerals AOU $16.4M MIMO Strategies 8.70% Becoming
Seven West Media SWM $184.6M Spheria Asset Management 8.77% Increasing
Infomedia IFM $625.3M First State Super 5.11% Becoming
Enero Group EGG $138.6M Regal Funds Management 13.07% Increasing
Cassini Resources CZI $94.7M Brahman Capital Management 7.23% Increasing
Aurelia Metals AMI $432.6M Perennial Value Management 5.12% Becoming
Viva Leisure VVA $198.8M Wilson Asset Management 6.44% Increasing
Select Harvests SHV $525.7M Yarra Funds Management 5.58% Becoming
ReadyTech RDY $144.0M Microequities Asset Management 10.82% Increasing
Security Matters SMX $49.7M Star Resources 6.61% Becoming
Emerald Resources EMD $319.2M Sprott 11.12% Becoming
Alta Zinc AZI $16.5M Gayle McGarry 5.87% Becoming
Azure Minerals AZS $284.4M Delphi 18.04% Increasing
Ridley Corporation RID $239.7m Spheria Asset Management 6.45% Becoming
Bisalloy Steel BIS $48.6M Southern Steel Investments 19.10% Increasing
Oliver's Real Foods OLI $12.5M Gelba - Michael Gregg 14.02% Increasing
JCurve Solutions JCS $10.8M Phillip Ewart 13.52% Increasing
Tasfoods TFL $28.9M CVC 17.43% Increasing
Shriro Holdings SHM $61.3M Greig & Harrison 5.35% Becoming
Azure Minerals AZS $284.4M Yandal Investments 19.08% Becoming
Euroz EZL $185.3M Ice Cold Investments 6.53% Increasing
Victory Offices VOL $21.7M Collins St Asset Management 7.80% Becoming
Chorus CNU UniSuper 6.46% Increasing
Probiotec PBP $144.3M Pie Funds Management 6.02% Becoming
Life360 360 $599.3M Paradice Investment Management 5.03% Becoming
Tesserent TNT $166.2M Scott Ceely 6.70% Becoming
Rhythm Biosciences RHY $21.1M Otto Buttula 13.61% Becoming
Fitzroy River Corporation FZR $11.2M Noontide Investments 11.20% Increasing
Schrole Group SCL $39.0M Capital H Management 13.20% Increasing
Spirit Telecom ST1 $199.0M Regal Funds Management 16.47% Increasing
A2B Australia A2B $121.0M Samuel Terry Asset Management 5.40% Becoming
Schrole Group SCL $39.0M Faria Education 18.50% Becoming
Bod Australia BDA $27.0M SG Hiscock 8.60% Increasing
BlueChiip BCT $36.8M One Funds Management 10.12% Increasing
Emeco Holdings EHL $462.4M Vinva Investment Management 5.47% Becoming
Motorcycle Holdings MTO $114.5M Auscap Asset Management 7.94% Increasing
Todd River Resources TRT $17.1M Marlee Minerals 16.37% Becoming
Todd River Resources TRT $17.1M Avenger Projects 8.19% Becoming
Emeco Holdings EHL $462.4M Perennial Value Management 5.37% Becoming
Linius Technologies LNU $36.0M Gerard Bongiorno 5.14% Becoming
Huon Aquaculture HUO $318.8M AustralianSuper 9.36% Becoming
DomaCom DCL $26.5M Talal Yassine 7.40% Becoming
City Chic Collective CCX $810.1M Pendal 5.05% Becoming
Hot Chili HCH $98.5M Murray Black 7.78% Increasing
Bravura Solutions BVS $855.2M Mawer Investment Management 6.17% Becoming
Regeneus RGS $50.0M Brian Sherman 5.67% Becoming
Universal Biosensors UBI $60.3M Viburnum Funds 21.99% Increasing
Think Childcare TNK $48.2M Regal Funds Management 9.11% Becoming
BTC Health BTC $22.2M Naos Asset Management 26.20% Increasing
Devex Resources DEV $60.7M Timothy Goyder 21.69% Increasing
Empire Energy ERL $11.8M Elphinstone Group 6.63% Increasing
Auteco Minerals AUT $227.2M 1832 Asset Management 7.57% Increasing
Genesis Minerals GMD $146.6M Alkane Resources 19.90% Increasing
Victory Mines VIC $17.1M Serena Minerals 11.70% Becoming
Brookside Energy BRK $5.8M Jason Peterson 5.07% Becoming
Rhythm Biosciences RHY $24.2M Loumea Investments - Richard Vom 6.85% Increasing
Faster Enterprises FE8 $5.4M FEL Consultants 15.75% Becoming

 

This fortnight’s list of substantial holder buys depicts trades occuring in the wash-up of earnings season. Several of the stocks in this edition’s list reported solid results despite COVID-19.

Auscap Asset Management topped up its stake in motorbike retailer Motorcycle Holdings (ASX:MTO) to nearly 8 per cent. The company reported strong trading since May, although when Victoria’s latest lockdown was first announced it estimated it would take a $9m hit.

Industrial equipment lessor Emeco Holdings (ASX:EHL) has enjoyed a solid 2020, particularly thanks to increased business from the gold sector due to the high price.

Vinva Asset Management and Perennial Value Management both became substantial holders, with the pair now owning over 10 per cent of the company between them.

City Chic Collective (ASX:CCX) has been one of the better performing retailers in 2020 because compared to many of its peers it has a more substantial online presence. Pendal has accumulated a stake of just over 5 per cent.

Other traders took a punt on stocks that have seen tough times but might have better days ahead. One Funds Management bought more shares in tracking tech stock Bluechiip (ASX:BCT) two months after the company lost a key client.

Cancer test developer Rhythm Bioscience (ASX:RHY) has lagged for several months, with progress slower than investors would have liked.

But chairman Otto Buttula now owns 13.61 per cent after participating in the company’s capital raising. Existing substantial holder Richard Vom also participated and now owns 6.85 per cent.

Serviced offices provider Victory Offices (ASX:VOL) saw demand dry up with people forced to work from home. But it has been telling shareholders it anticipates demand will return and Collins Street Asset Management obviously agrees, having bought a 7.8 per cent stake.

WiseTech (ASX:WTC) investor Michael Gregg bought more shares in healthy fast food retailer Oliver’s Real Foods (ASX:OLI), which saw demand hit by both COVID-19 and the summer bushfires.

Sellers

Company Code Market Cap Holder Current Stake Status
Big River Gold BRV $85.6M Copulous Group 37% Decreasing
COSOL Group COS $95.0M Microequities Asset Management 5.45% Decreasing
Redbubble RBL $1.0B Challenger 5.64% Decreasing
Nick Scali NCK $733.1M Eley Griffiths 4.67% Ceasing
Infomedia IFM $623.5M Pendal 5.08% Decreasing
Cygnus Gold CY5 $17.2M Resource Capital Fund 5.88% Decreasing
Mosaic Brands MOZ $47.0M LHC Capital Partners 8.01% Decreasing
Atomo Diagnostics AT1 $249.7M Perennial Value Management 6.35% Decreasing
Adairs ADH $591.8M Yarra Funds Management 4.99% Ceasing
LiveTiles LVT $198.4M Webtop Holding - John Wainer 7.06% Decreasing
Novonix NVX $578.4M Gregory Baynton 7.20% Decreasing
Grange Resources GRR $309.6M Pacific International 6.64% Decreasing
Stonehorse Energy SHK $23.4M Merchant Funds Management 7.81% Decreasing
Ava Risk Group AVA $70.7M Alkasab United 7.99% Decreasing
People Infrastructure PPE $251.3M Perennial Value Management 9.82% Decreasing
Terrain Minerals TMX $10.9M Jonathan Lim 10.23% Decreasing
Joyce Corporation JYC $42.4M John Westwood 7.65% Decreasing
VIP Gloves VIP $68.6M Choong Choy Lee 1.07% Ceasing
McPhersons MCP $348.9M Pie Funds Management 5.15% Decreasing
Prescient Therapeutics PTX $42.3M Australian Ethical Investment 5.52% Decreasing
Pure Profile PPL $2.6M FMG Holdings 2.39% Ceasing
Middle Island Resources MDI $51.8M Copulos Group 5.46% Decreasing
PTB Group PTB $94.1M Stephen Smith 1.62% Ceasing
Gage Roads Brewing GRB $62.2M Perennial Value Management 12.42% Decreasing
Integral Diagnostics IDX $627.6M Viburnum Funds 6.68% Decreasing
Eclipx Group ECX $471.5M Vinva Investment Management 5.08% Decreasing
Think Childcare TNK $43.7M Celeste Funds Management 0.00% Ceasing
Webcentral WCG $13.4M Merchant Funds Management 0.00% Ceasing
Nexus Minerals NXM $13.7M Graeme Kirke 0.52% Ceasing
3D Resources DDD $17.9M Peter Proksa 4.77% Ceasing
McPhersons MCP $330.7M Pie Funds Management 4.88% Ceasing
Northern Minerals NTU $137.3M Huatei Mining 4.27% Ceasing

 

A significant portion of sales were in retail and ecommerce stocks.

Challenger cut its stake in Redbubble (ASX:RBL), which is a pure online play targeted at independent artists.

Yarra Funds Management sold enough of its shares in furniture store Adairs (ASX:ADH) to fall below the 5 per cent threshold.

Similarly, Eley Griffiths fell below 5 per cent with the selldown of its shareholding in fellow furniture seller Nick Scali (ASX:NCK)