Trading Places: The stocks fund managers were buying in the last week
News
News
It may seem retail investors are buying nothing but stocks getting into hand sanitisers. But the fund managers are heading in a different direction for a bargain.
In Trading Places, Stockhead recaps substantial holder movements among ASX small caps in the last week.
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.
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
Adairs | ADH | $270.5M | Perennial Value Management | 5.04% | Becoming |
PWR Holdings | PWH | $402.4M | Perennial Value Management | 10.90% | Increasing |
EnviroSuite | EVS | $127.3M | Perennial Value Management | 9.76% | Increasing |
Apollo Consolidated | AOP | $53.8M | Yi Weng and Ning Li | 14.99% | Increasing |
MMA Offshore | MRM | $87.0M | Black Crane Asia Pacific Opportunities | 12.18% | Increasing |
Mincor Resources | MCR | $193.7M | Squadron Resources | 13.78% | Increasing |
Aura Energy | AEE | $8.2M | Asean Deep Value Fund | 18.53% | Increasing |
Spectrum Metals | SPX | $180.1M | Ramelius Resources | 34.54% | Increasing |
AMA Group | AMA | $314.6M | CDAM (UK) | 7.95% | Increasing |
Nitro Software | NTO | $180.4M | Australian Ethical Investment | 6.84% | Increasing |
G8 Education | GEM | $513.1M | Allan Gray | 6.84% | Increasing |
Motorcycle Holdings | MTO | $77.1M | Auscap Asset Management | 6.86% | Increasing |
Olivers Real Foods | OLI | $24.4M | Butof Holdings | 9.64% | Increasing |
Nuchev | NUC | $72.1M | Mithaq Capital | 18.47% | Increasing |
Nick Scali | NCK | $462.5M | Challenger | 5.05% | Becoming |
Volpara Health Technologies | VHT | $251.3M | Harbour Asset Management | 7.96% | Increasing |
MNF Group | MNF | $269.6M | Naos Asset Management | 13.24% | Increasing |
Total Brain | TTB | $37.9M | Zoltan Varga | 19.99% | Increasing |
Panoramic Resources | PAN | $145.0M | Squadron Resources | 5.89% | Becoming |
Aerometrex | AMX | $123.7M | Perennial Value Management | 6.28% | Increasing |
Aurelia Metals | AMI | $231.6M | Perennial Value Management | 7.51% | Increasing |
Emeco Holdings | EHL | $368.6M | Perennial Value Management | 6.56% | Increasing |
Cooper Energy | COE | $732.0M | Challenger | 7.06% | Increasing |
MMA Offshore | MMA | $80.5M | Thorney Opportunities | 8.49% | Increasing |
Enero Group | EGG | $111.5M | Regal Funds Management | 11.49% | Increasing |
Huon Aquaculture | HUO | $347.6M | Regal Funds Management | 8.47% | Increasing |
Medical Developments International | MVP | $381.8M | Regal Funds Management | 7.12% | Increasing |
Atrum Coal | ATU | $71.7M | Regal Funds Management | 14.65% | Increasing |
Middle Island Resources | MDI | $14.1M | Lomacott (Keogh Super Fund) | 8.22% | Increasing |
MMA Offshore | MMA | $80.5M | Halom Investments | 15.39% | Increasing |
Tyro Payments | TYR | $1.1B | Fidelity | 6.30% | Increasing |
Peet | PPC | $454.3M | L1 Capital | 11.86% | Increasing |
MG Unit Trust | MGC | $92.2M | Ayersland | 11.56% | Increasing |
Rhinomed | RNO | $16.9M | Whitney George | 29.13% | Increasing |
Rhipe | RHP | $216.5M | Regal Funds Management | 5.96% | Becoming |
Senex | SXY | $262.2M | Regal Funds Management | 8.30% | Increasing |
Veris | VRS | $10.1M | Sherkane | 16.45% | Increasing |
Viva Energy | VVR | $1.7B | Resolution Capital | 6.40% | Increasing |
Pact Group | PGH | $490.2M | Kin Group | 44.26% | Increasing |
Mount Burgess Mining | MTB | $1.1M | Russell McCrory | 11.45% | Increasing |
Mach7 Technologies | M7T | $97.8M | Clime Investment Management | 6.38% | Increasing |
Havilah Resources | HAV | $18.9M | Republic Investment Management | 7.07% | Becoming |
Azure Minerals | AZS | $8.1M | Delphi | 16.45% | Increasing |
Posedion Nickel | POS | $59.5M | Edison Metals | 20.70% | Increasing |
Pantoro | PNR | $95.3M | Robmar Investments | 16.87% | Increasing |
RXP Services | RXP | $38.7M | Ross Fielding | 5.42% | Increasing |
Great Southern Mining | GSN | $13.3M | Terpu Group | 37.63% | Increasing |
Estia Health | EHE | $287.2M | Vinva Asset Management | 5.01% | Becoming |
CML Group | CGR | $104.4M | Harvest Lane Asset Management | 5.09% | Becoming |
Cryosite | CTE | $3.4M | Andrew Kroger | 40.05% | Increasing |
Rafaella Resources | RFR | $4.4M | Adam Blumenthal | 17.27% | Increasing |
SciDev | SDV | $51.4M | Perennial Value Management | 14.08% | Increasing |
Acrow Formwork & Construction | ACF | $43.3M | Perennial Value Management | 12.79% | Increasing |
Life360 | 360 | $293.2M | Challenger | 5.00% | Becoming |
De Grey Mining | DEG | $204.7M | DGO Gold | 12.54% | Increasing |
Australian Agricultural Projects | AAP | $2.4M | Daniel Stefanetti | 12.35% | Increasing |
Perennial Value Management bought shares in several companies in the past week. Furniture and homeware retailer Adairs (ASX:ADH) was the only stock in which it crossed the 5 per cent threshold for the first time.
Among other stocks that witnessed significant top ups was aerial mapping firm Aerometrex (ASX:AMX) and gold explorer Aurelia Metals (ASX:AMI).
Another big buyer was Regal Funds Management. It now has a 5.96 per cent stake in cloud software stock Rhipe (ASX:RHP) and an 8.3 per cent stake in Queensland-focused oil and gas stock Senex Energy (ASX:SXY).
Challenger’s buys included one of Silicon Valley’s ASX exports, Life360 (ASX:360) — which developed a child tracking app, and furniture retailer Nick Scali (ASX:NCK).
Saudi Arabian investor Mithaq Capital topped up its holdings in goat infant formula stock Nuchev (ASX:NUC), and now owns over 18 per cent
Australian Ethical Investment increased its holdings in Nitro Software (ASX:NTO) to 6.84 per cent and Alex Waislitz’s Thorney Opportunities took its holdings in marine services provider MMA Offshore (ASX:MRM) to 8.49 per cent.
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Fraser Range Metals | FRN | $6.7M | Croseus Mining - Steinepreis Family | 9.71% | Decreasing |
MMA Offshore | MRM | $80.5M | First Samuel | 6.73% | Decreasing |
Eureka Group | EGH | $73.6M | Salt Funds Management | 5.13% | Decreasing |
Mint Payments | MNW | $7.3M | Perennial Value Management | 11.97% | Decreasing |
Aurora Labs | A3D | $12.3M | Equities First Holdings | 5.78% | Decreasing |
Nextdc | NXT | $2.5B | Challenger | 5.28% | Decreasing |
Veris | VRS | $10.1M | Paradice Investment Manageement | 0.00% | Ceasing |
Zenith Energy | ZEN | $133.0M | Pendal | 5.62% | Decreasing |
Thorn Group | TGA | $14.5M | Investors Mutual | 8.64% | Decreasing |
MMA Offshore | MRM | $77.8M | Eley Griffiths | 4.86% | Ceasing |
Broo | BEE | $7.7M | Groges Holdings | 43.37% | Decreasing |
Althea | AGH | $46.7M | Pendal Group | 4.58% | Ceasing |
G8 Education | GEM | $368.1M | Legg Mason Asset Management | 6.73% | Decreasing |
One of the few shining lights in the current market has been the odd takeover offer. One target was Zenith Energy (ASX:ZEN). Pendal has begun selling some of its holdings, cutting its stake to 5.62 per cent.
Meanwhile, Paradice Investment Management sold out of land surveyor Veris (ASX:VRS).