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.


Ian Gandel has been on the board of Alliance Resources (ASX:AGS) since 2003 and he is not going anywhere anytime soon. He now owns 35 per cent of the company and put another $275,000 into the gold explorer in the last week.

A few days after Rural Funds Group (ASX:RFF) rebutted short seller allegations, Daiwa Asset Management took a 5 per cent stake in it. The allegations made the stock fall 40 per cent on the same day but it has been recovering since.

Three fund managers bought into Medibio (ASX:MEB) in the last week: Chelodina Master Fund, Fidelity and Regal Funds Management.

Additionally in gold buys, Regal has become a substantial holder of Bellevue Gold (ASX:BGL) and hedge fund Maso Capital bought a 6.22 per cent stake in Echo Resources (ASX:EAR).

Even Australia’s largest super fund participated in this week’s gold rush. Australian Super now owns nearly 9 per cent of Orecorp (ASX:ORR).

IOOF became a substantial holder of Sealink Travel Group (ASX:SLK) and 3P Learning (ASX:3PL). It also topped up its stake in PKS Holdings (ASX:PKS) to 6.93 per cent.

When we last checked in on ASX dental stocks Pacific Smiles Group (ASX: PSQ), it had lost 10 per cent in 2019. Since its annual results it now is 19 per cent higher than eight months ago.

One of the recent success stories in the funds space, TDM Asset Management, increased its holdings in Pacific Smiles to 22.8 per cent.

Company Code Market Cap Holder Stake Status
Enhanced Oil and Gas Recovery EOR Suspended Tasman Pacific Investments 11.19% Becoming
Swick Mining Services SWK $62.5M Castle Point Funds Management 6.93% Becoming
Smart Parking SPZ $73.6M Viburmum Funds 6.07% Increasing
Orecorp ORR $117.7M Australian Super 8.97% Increasing
Vysarn VYS $136.2M P Hutchinson 12.47% Increasing
Azure Minerals AZS $17.8M Teck Resources 19.90% Becoming
3P Learning 3PL $123.3M IOOF 5.01% Becoming
ERM Power EPW $613.2M L1 Capital 5.93% Becoming
Collaborate CL8 $7.9M Willoughby Capital Trust 25.10% Increasing
Powerhouse Ventures PVL $2.4M United World Group 18.10% Increasing
Medibio MEB $4.9M Chelodina Master Fund 8.81% Becoming
Prodigy Gold PRX $52.9M St Barbara 8.10% Increasing
Echo Resources EAR $224.6M Maso Capital Investments 6.22% Becoming
Rural Funds Group RFF $720.1M Daiwa Securities 5.02% Becoming
Gateway Mining GML $24.1M Harmanis Holdings 11.50% Increasing
Pacific Smiles Group PSQ $228.0M TDM Asset Management 22.80% Increasing
SECOS Group SES $22.7M Belgravia Strategic Equities 14.60% Increasing
Family Insights FAM $4.0M Merchant Funds Management 5.00% Becoming
Fraser Range Metals Group FRN $5.3M Jane Whiddon 7.93% Increasing
Rectifier Technologies RFT $83.5M Pudu Investment 16.41% Increasing
Medibio MEB $12.9M Regal Funds Management 10.05% Becoming
Medibio MEB $12.9M Fidelity 9.22% Increasing
Yowie YOW $17.0M Trojan Retirement Fund 7.38% Increasing
Wellness & Beauty Solutions WNB $4.6M Geoffrey Pearce 9.94% Increasing
Metminco MNC $11.3M RMB Australia 15.10% Becoming
Infomedia IFM $725.0M Selector Funds Management 6.64% Increasing
BSA BSA $160.5M NAOS Asset Management 20.69% Increasing
Bounty Mining B2Y $28.5M Christopher Wallin 5.03% Becoming
Class CL1 $150.6M Pinnacle Investment Mangement 9.22% Increasing
Sealink Travel Group SLK $366.2M IOOF 5.88% Becoming
PKS Holdings PKS $21.2M IOOF 6.93% Increasing
Bellevue Gold BGL $324.7M Regal Funds Management 5.05% Becoming
South Pacific Resources SPB Suspended Domenic Martino 19.84% Becoming
PKS Holdings PKS $21.2M Bombora Investment Management 10.39% Increasing
Alliance Resources AGS $21.4M Ian Gandel 34.65% Increasing
Golden Rim Resources GMR $14.5M Acorn Capital 7.90% Becoming
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Less than two months after departing as CEO, Declan McEvoy sold his entire stake in Flamingo AI (ASX:FGO) which was over 10 per cent.

Opthea (ASX:OPT) is now nearly a billion dollars in market capitalisation a month on from its clinical trial breakthrough.

While the big investment banks including Goldman Sachs and JP Morgan have been looking into the stock, some shareholders are cashing out. BVF Partners cut its stake to 5.25 per cent.

Amaysim (ASX:AYS) fell over 30 per cent last week upon its earnings release and Fidelity reduced its stake to 9.97 per cent.

Regal Funds Management reduced its stake, while remaining substantial holders, in Wiseway Group (ASX:WWG), Ive Group (ASX:IGL) and De Grey Mining (ASX:DEG).

Company Code Market Cap Holder Current Stake Status
Wiseway Group WWG $43.6M Roger Shigang Tong 19.25% Decreasing
Amaysim AYS $141.7M Fidelity 9.97% Decreasing
Opthea OPT $776.9M BVF Partners 5.25% Decreasing
Ive Group IGL $318.6M Regal Funds Management 6.06% Decreasing
Wiseway Group WWG $43.6M Regal Funds Management 5.16% Decreasing
Flamingo AI FGO $3.4M Declan McEvoy 0% Ceasing
Swick Mining Services SWK $55.6M IOOF 13.34% Decreasing
Blackstone Minerals BSX $26.6M Goldbridge Mining 2.02% Ceasing
Sunland Group SDG $255.6M Renaissance Smaller Companies 4.00% Ceasing
Superior Lake Resources SUP $18.4M Tribeca Investment Partners 4.43% Ceasing
MNF Group MNF $370.7M Naos Asset Management 13.95% Decreasing
De Grey Mining DEG $42.4M Regal Funds Management 5.40% Decreasing
K2 Energy KTE $1.8M Asia Union Investments 4.59% Ceasing
Phoslock Environmental Technologies PET $693.7M ZZL 5.55% Decreasing
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