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Here is Stockhead’s weekly recap of substantial holder transactions among ASX small caps from gold miners to travel agencies.
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.
One of Canadian billionaire investor Eric Sprott’s holdings is uranium explorer Deep Yellow (ASX:DYL). Now Sprott owns 12.22 per cent of the company.
The company recently reported positive drilling results from its Tumas 1 East project in Namibia and is working to deliver a resource.
Read: Uranium stocks guide: Here’s all you need to know
Billionaire Alex Waislitz’s Tiga Trading became substantial holders of Quickfee (ASX:QFE), buying a 5.54 per cent stake. Quickfee shares shot up soon after its IPO and have held their ground since.
Another buy of Waislitz was Southern Cross Electrical Engineering (ASX:SXE). He now owns 17.25 per cent. The engineering company’s annual results have lifted the company 20 per cent in the last fortnight.
IOOF’s sole buy this week was Ireland-based med-tech stock Oneview Healthcare (ASX:ONE). It took a 6.81 per cent stake.
Days after announcing it was interested, Northern Star Resources (ASX:NST) began buying into Echo Resources (ASX:EAR) and it now owns 21.58 per cent.
Regal Funds Management’s latest foray is into PR and marketing. It bought 7.25 per cent of Enero Group (ASX:EGG), which is the holding company for several PR agencies including Frank PR and Hotwire.
Perpetual became substantial holders in retailer Noni B (ASX:NBL), acquiring 5.46 per cent. It also increased its holdings in Redhill Education (ASX:RDH) and Nick Scali (ASX:NCK).
Also buying into Nick Scali was Airlie Funds Management, which took a 6.47 per cent stake at a cost of $11m.
Monaco headquartered private equity firm Crown Ocean Capital bought a 5.51 per cent in satellite stock Speedcast (ASX:SDA).
The company has seen sharp drops multiple times due to poor financial results which has left even globally renowned hedge fund managers out of pocket.
Spheria Asset Management increased its holdings in software stock GBST Holdings (ASX:GBT) and A2B Australia (ASX:A2B).
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Oneview Healthcare | ONE | $42.0M | IOOF | 6.81% | Becoming |
| MOQ | MOQ | $41.9M | Ward Dearness Family Trust | 8.77% | Becoming |
| SpeedCast | SDA | $272.1M | Crown Ocean Capital | 5.51% | Becoming |
| Rafaella Resources | RFR | $9.9M | Transamine Holdings & Investments | 7.61% | Becoming |
| Indoor Skydive Australia | IDZ | $3.4M | Beard Superannuation Fund | 11.48% | Increasing |
| Podium Minerals | POD | $5.4M | Elizabeth Dodd | 13.11% | Becoming |
| Sealink Travel Group | SLK | $376.8M | Sarto | 5.27% | Becoming |
| National Veterinary Care | NVL | $169.5M | Grandeur Peak Advisors | 6.21% | Increasing |
| Avira Resources | AVW | $2.0M | Great Southern Flour Mills | 13.50% | Increasing |
| Alliance Aviation Services | AQX | $12.3M | Remco | 5.27% | Increasing |
| Nick Scali | NCK | $554.9M | Perpetual | 10.10% | Increasing |
| Redhill Education | RDH | $69.0M | Perpetual | 11.01% | Increasing |
| Nick Scali | NCK | $554.9M | Airlie Funds Management | 6.47% | Becoming |
| Apollo Consolidated | AOP | $57.6M | Capricorn Group | 8.38% | Increasing |
| Lustrum Minerals | LRM | Suspended | Twentieth Century Motor Company | 6.19% | Becoming |
| A2B Australia | A2B | $179.4M | Spheria Asset Management | 16.18% | Increasing |
| GBST Holdings | GBT | $260.1M | Spheria Asset Management | 19.48% | Increasing |
| Echo Resources | EAR | $226.5M | Northern Star Reosurces | 21.58% | Becoming |
| Fe | FEL | $6.4M | Macarthur Minerals | 5.40% | Becoming |
| Blackham Resources | BLK | $48.0M | Lind Asset Management | 5.99% | Becoming |
| Leaf Resources | LER | $8.2M | Tribeca Investment Partners | 14.62% | Increasing |
| Noni B | NBL | $283.0M | Perpetual | 5.46% | Becoming |
| Pacifico Minerals | PMY | $23.3M | Villiers Queensland | 12.07% | Increasing |
| Aurorch Minerals | AOU | $11.8M | Minotaur Resources Investments | 13.95% | Becoming |
| Bowen Coking Coal | BCB | $53.8M | M Resources | 8.21% | Increasing |
| Deep Yellow | DYL | $68.9M | Sprott | 12.22% | Increasing |
| ISelect | ISU | $133.8M | Innovation Holdings Australia | 25.67% | Increasing |
| HRL Holdings | HRL | $54.3M | AustralianSuper | 6.58% | Becoming |
| QuickFee | QFE | $70.3M | Thorney Opportunities | 5.54% | Becoming |
| Yowie | YOW | $16.3M | Trojan Retirement Fund | 9.40% | Increasing |
| Celcius Resources | CLA | $11.6M | Andrew Palleson | 12.62% | Becoming |
| Southern Cross Electrical Engineering | SXE | $140.4M | Thorney Opportunities | 17.25% | Increasing |
| Enero Group | EGG | $197.3M | Regal Funds Management | 7.25% | Becoming |
| Rectifier Technologies | RFT | $79.4M | Songwu Lu | 6.58% | Becoming |
| Regeneus | RGS | $19.9M | Leo Lee | 5.03% | Becoming |
| Anson Resources | ASN | $19.8M | Chia Tai Xingye International | 19.58% | Increasing |
While some investors use reporting season to buy into a stock they predict will derive earnings in the future, others will sell out.
Chinese investor, Kuka Investment Management, bought their stake in Nick Scali (ASX:NCK) directly from the Scali family last year. While other fund managers have stuck by this stock, Kuka has sold out of its holdings.
BlueChiip (ASX:BCT) is three times higher than the start of the year and Jencay Capital sold enough to drop it below the substantial holder level.
Also of note, Regal Funds Management sold out of insurance broker network AUB Group (ASX:AUB).
Paradice Investment Management decreased its stake in Capricorn Metals (ASX:CMM) to 6.93 per cent. Canadian asset manager Burgundy Asset Management cut its stake in GBST to 5.71 per cent.
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Reverse Corp | REF | $1.1M | Phoenix Portfolios | 6.03% | Decreasing |
| Coventry Group | CYG | $87.5M | Spheria Asset Management | 5.59% | Decreasing |
| Simativa | SVA | $17.2M | WF Asian Reconaissance Fund | 4.34% | Ceasing |
| GBST | GBT | $260.1M | Burgundy Asset Management | 5.71% | Decreasing |
| Nick Scali | NCK | $554.9M | Kuka Investment Management | 0% | Ceasing |
| Capricorn Metals | CMM | $656.1M | Paradice Investment Management | 6.93% | Decreasing |
| People Infrastructure | PPE | $245.5M | IOOF | 7.62% | Decreasing |
| Investigator Resources | IVR | $19.1M | CITIC | 5.93% | Decreasing |
| Osprey Medical | OSP | $20.7M | Kinetic Investment Partners | 4.69% | Ceasing |
| Stavely Minerals | SVY | $28.4M | Christopher Cairns | 5.40% | Decreasing |
| BlueChiip | BCT | $87.0M | Jencay Capital | 4.99% | Ceasing |
| Enero Group | EGG | $197.3M | Forager Funds Management | 8.82% | Decreasing |
| AUB Group | AUB | $613.7M | Regal Funds Management | 0% | Ceasing |
| Galena Mining | G1A | $135.2M | Bloomgold Resources | 17.64% | Decreasing |
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