Trading Places: The stocks small cap fund managers were buying and selling this week
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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.
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.
|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|
|Azure Minerals||AZS||$17.8M||Teck Resources||19.90%||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|
|Yowie||YOW||$17.0M||Trojan Retirement Fund||7.38%||Increasing|
|Wellness & Beauty Solutions||WNB||$4.6M||Geoffrey Pearce||9.94%||Increasing|
|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|
|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|
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|
|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|