Pic: Stevica Mrdja / EyeEm / EyeEm via Getty Images
News
If you to know where fund managers and famous investors 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.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Tanga Resources | TRL | $6.8M | Capital Di | 13.03% | Increasing |
| Carnavale Resources | CAV | $36.7M | Vienna Holdings | 5.92% | Increasing |
| Eclipx Group | ECX | $556.2M | Yarra Funds Management | 12.62% | Increasing |
| Select Harvests | SHV | $635.9M | Yarra Funds Management | 6.69% | Increasing |
| Brookside Energy | BRK | $7.7M | Oklahoma Energy Consultants | 5.04% | Becoming |
| Bionomics | BNO | $91.4M | BVF Partners | 16.98% | Increasing |
| Cooper Energy | COE | $577.5M | L1 Capital | 8.62% | Increasing |
| Carnarvon Petroleum | CVN | $359.8M | Russell Delroy | 8.79% | Becoming |
| Aruma Resources | AAJ | $11.1M | Copulos Group | 15.79% | Increasing |
| Corporate Travel Management | CTD | $1.9B | Pherous Holdings | 16.63% | Increasing |
| iCandy | ICI | $27.8M | Animoca Brands | 9.93% | Increasing |
| Xanadu Mines | XAM | $45.9M | Copper Plate Success | 20.62% | Increasing |
| Cape Lambert Resources | CFE | $14.6M | Jason Peterson | 5.65% | Becoming |
| BSA | BSA | $129.9M | Naos Asset Management | 26.88% | Increasing |
| Golden Deeps | GED | $8.6M | Daniel Raihani | 5.89% | Becoming |
| FYI Resources | FYI | $50.9M | Regal Funds Management | 11.24% | Increasing |
| Village Roadshow | VRL | $423.8M | Spheria Asset Management | 6.20% | Becoming |
| RXP Services | RXP | $64.1M | Ross Fielding | 5.37% | Increasing |
| Environmental Clean Technologies | ECT | $2.4M | LJ & K Thomson | 18.68% | Increasing |
| Firefly Resources | FFR | $57.0M | Tolga Kumova | 6.55% | Increasing |
| Norwest Minerals | NWE | $18.9M | Ching Hong Loong | 6.39% | Increasing |
| Kazia Therapeutics | KZA | $92.1M | Quest Asset Partners | 6.27% | Becoming |
| Simble Solutions | SIS | $7.7M | Daniel Tillett | 8.97% | Increasing |
| Webcentral Group | WCG | $19.5M | 5G Networks | 34.95% | Increasing |
| BCI Minerals | BCI | $143.6M | Australian Capital Equity | 39.57% | Increasing |
| Ardea Resources | ARL | $65.7M | Ian Buchhorn | 10.05% | Increasing |
| Carawine Resources | CWX | $25.5M | Ilwella | 5.84% | Becoming |
| Peako | PKO | $6.1M | Albers Group | 45.60% | Increasing |
| BMG Resources | BMG | $24.0M | John Dawson | 12.23% | Becoming |
| BMG Resources | BMG | $24.0M | John Prineas | 18.26% | Becoming |
| Prominence Energy | PRM | $2.8M | GTT Global Opprtunities | 11.05% | Increasing |
| Siren Gold | SRN | $17.0M | Perennial Value Management | 5.31% | Becoming |
| GTN | GTN | $73.2M | Perennial Value Management | 14.34% | Increasing |
| Onevue Holdings | OVH | $92.4M | Thorney Technologies | 19.27% | Increasing |
| Gascoyne Resources | GCY | $195.6M | NWR Holdings | 14.72% | Increasing |
| Prophecy International | PRO | $40.7M | Topline Capital Partners | 7.01% | Increasing |
| Northern Minerals | NTU | $150.8M | Vastness Investment Group | 8.45% | Increasing |
| GTN | GTN | $80.7M | Spheria Asset Management | 11.14% | Increasing |
| Australian Finance Group | AFG | $609.2M | Milford Asset Management | 5.13% | Becoming |
| Metalsearch | MSE | $20.7M | Davanna | 6.09% | Increasing |
| Thomson Resources | TMZ | $15.0M | Syndicate Minerals | 6.94% | Becoming |
| Coventry Group | CYG | $73.8M | Castle Point Funds Management | 6.90% | Increasing |
| Wingara | WNR | $23.9M | Naos Asset Management | 26.45% | Increasing |
| DomaCom | DCL | $21.4M | Brown River Super Fund | 6.20% | Becoming |
| QuickFee | QFE | $118.3M | Thorney Technologies | 10.20% | Increasing |
| Service Stream | SSM | $901.5M | Fidelity | 6.49% | Increasing |
| Pacific Current Group | PAC | $316.2M | Fidelity | 8.52% | Increasing |
| Benjamin Hornigold | BHD | $5.9M | Dawney & Co | 7.10% | Increasing |
| Northern Minerals | NTU | $155.3M | Yongquan He | 5.64% | Becoming |
| Integrated Payment Technologies | IP1 | $21.8M | Andrew Blair | 5.23% | Becoming |
| Evolve Education | EVO | $101.7M | Wilson Asset Management | 7.80% | Increasing |
| Norwest Minerals | NWM | $13.1M | Merit Grace Global | 6.36% | Increasing |
| GTN | GTN | $81.8M | Viburnum Funds | 25.46% | Increasing |
| Diatreme Resources | DRX | $27.8M | Ilwella | 19.00% | Increasing |
| Frontier Digital Ventures | FDV | $459.2M | Catcha Group | 26.90% | Increasing |
| MNF Group | MNF | $413.9M | Cathedrine Salisbury | 5.13% | Becoming |
| FlexiGroup | FXL | $544.8M | Renaissance Smaller Companies | 5.90% | Increasing |
The most notable of substantial holder buys this fortnight came from Melbourne-based resources investor Tolga Kumova.
He upped his stake in Firefly Resources (ASX:FFR) to 6.55 per cent. He bought 6.6 million shares at 15 cents a pop – worth $990,000 – in the WA gold explorer’s recent capital raising. Kumova’s buy came only two months after he first bought into Firefly.
https://twitter.com/KumovaTolga/status/1292998319203995649
While there’s no shortage of gold success stories in 2020, few reported higher grades than Firefly’s ‘bonanza’ hit of 1,439.55 grams per tonne last month.
The company said the $6m deal would help it step up exploration activities and define a JORC resource by years’ end.
Another notable substantial holder buy was Daniel Tillett – yes, the same one from Race Oncology (ASX:RAC) – upping his stake in tech micro-cap Simble Solutions (ASX:SIS) to nearly 9 per cent.
Among substantial holder buys by fund managers was Renaissance Smaller Companies taking its stake in FlexiGroup (ASX:FXL) to 5.9 per cent.
This company hasn’t seen the boom its peers had because it was hit by a bad debt spike as COVID-19 hit. But it is striving to turn things around, seeking to change its name to Humm (its BNPL product) and enter New Zealand.
Alex Waislitz’s Thorney Technologies now owns 10.2 per cent of QuickFee (ASX:QFE) while Geoff Wilson’s Wilson Asset Management has 7.8 per cent of childcare operator Evolve Education (ASX:EVO).
One of the larger stocks to see a new substantial holder buyer is Australian Finance Group (ASX:AFG). Milford Asset Management has accumulated a 5.13 per cent stake in the mortgage aggregator.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Adairs | ADH | $593.5M | Wilson Asset Management | <5% | Ceasing |
| Jaxsta | JXT | $24.2M | industry Super Holdings | <5% | Ceasing |
| Consolidated Financial Holdings | CWL | $2.2M | Andrea West | 8.48% | Decreasing |
| Millenium Services Group | MIL | $16.1M | Steven Lidbury | <5% | Ceasing |
| Damstra Holdings | DTC | $311.1M | Regal Funds Management | 6.35% | Decreasing |
| Andromeda Metals | ADN | $274.4M | Robert Connolly | 6.15% | Decreasing |
| Creso Pharma | CPH | $12.8M | L1 Capital | 10.45% | Decreasing |
| Cann Group | CAN | $102.6M | Aurora Cannabis | 0% | Ceasing |
| Bigtincan | BTH | $495.7M | Australian Ethical | 7.53% | Decreasing |
| Creso Pharma | CPH | $12.8M | Amber Schwarz Fam | <5% | Ceasing |
| Acrow Formwork & Construction Services | ACF | $78.9M | Perennial Value Management | 10.07% | Decreasing |
| Aurelia Metals | AMI | $458.8M | Perennial Value Management | <5% | Ceasing |
| OFX | OFX | $286.5M | Renaissance Smaller Companies | 10.05% | Decreasing |
| Thorn Group | TGA | $54.8M | Investors Mutual | <5% | Ceasing |
| Consolidated Financial Holdings | CWL | $2.2M | DMX Asset Management | <5% | Ceasing |
| FYI Resources | FYI | $53.7M | Regal Funds Management | 10.22% | Decreasing |
| Whispir | WSP | $454.6M | Regal Funds Management | <5% | Ceasing |
| Victory Offices | VOL | $16.8M | Regal Funds Management | 7.92% | Decreasing |
| Nitro Software | NTO | $647.2M | Regal Funds Management | 10.62% | Decreasing |
| PWR Holdings | PWR | $492.9M | Perennial Value Management | 6.10% | Decreasing |
| Baby Bunting | BBN | $617.0M | United Super | <5% | Ceasing |
| Accelerate Resources | AX8 | $15.0M | Syracuse Capital | <5% | Ceasing |
| Horizon Minerals | HRZ | $65.3M | Michael Ruane | <5% | Ceasing |
| Atomo Diagnostics | AT1 | $185.6M | Walker Group Holdings | 6.70% | Decreasing |
| Opthea | OPT | $627.1M | Regal Funds Management | 8.15% | Decreasing |
| Nitro Software | NTO | $662.4M | Regal Funds Management | 9.05% | Decreasing |
| Antisense Therapeutics | ANP | $63.6M | Australian Ethical | <5% | Ceasing |
| VitalHarvest Trust | VTH | $144.3M | Australian Ethical | <5% | Ceasing |
Australian Ethical Investment sold its holdings below 5 per cent in biotech Antisense Therapeutics (ASX:ANP) and agricultural trust Vitalharvest (ASX:VTH).
Regal Funds Management sales included COVID-19 winner Whispir (ASX:WSP) and biotech Opthea (ASX:OPT) as it eyes off a US listing.
Speaking of winners, retailers Baby Bunting (ASX:BBN) and Adairs (ASX:ADH) saw United Super and Wilson Asset Management respectively cease to be substantial holders – falling below 5 per cent ownership.
Long Shortz
Health & Biotech
Health & Biotech
