Trading Places: The substantial holders that bought and sold shares last week
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News
In this week’s recap of substantial holder movements a new investor bought $1m in Yowie (ASX:YOW) shares, various fund managers responded to Opthea’s (ASX:OPT) developments and Regal Funds Management buys into Spirit Telecom (ASX:ST1).
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.
The performance of Uniti Wireless (ASX: UWL) since listing would suggest telecommunications is a hot sector. Spirit Telecom has gained over 100 per cent but has only gained back ground it lost during last year’s fourth quarter market downturn.
Regal Funds Management has bought a 5.03 per cent stake in the company. It has accumulated this stake across the last three months – spending nearly $3.9m; and crossed the threshold last week.
Regal also bought more Opthea shares and now owns 11.55 per cent – this ‘top up’ cost $8m. Another firm that bought into Opthea was KiFin, taking a 5.36 per cent stake. This is the private investment vehicle of South African billionaire Nathan Kirsh.
Speaking of eye-care companies, Ellex (ASX:ELX) is another and it welcomed Jencay Capital, which bought a 5.52 per cent stake. Also buying Ellex stock was existing substantial holder Australian Ethical Investments, which now has 9.58 per cent.
PR Company Enero Group (ASX:EGG) welcomed Wilson Asset Management as a substantial holder. It bought a 6.28 per cent stake.
Chocolatier Yowie saw investor Troy Harry take a 5.33 per cent stake, costing $990,000. His vehicle is Trojan investment management, although it is a different company, Norfolk Enchants, that holds it as custodian for his personal retirement fund.
Gold explorer De Grey Mining (ASX:DEG) had two investors increase their holdings – Regal Funds Management and DGO Gold. The latter, a fellow gold explorer, spent over $2m and quadrupled its holdings in the company.
Indiana Resources (ASX:IDA) chair Bronwyn Barnes became a substantial shareholder after tipping in $183,106 to acquire a 5.94 per cent stake.
Paradice Investment Management increased its stake in almond-producer Select Harvests (ASX:SHV) to 7.07 per cent – spending $7.2m. The company’s most recent half yearly profit was $20m. It gave an update only yesterday that its yields are performing even better than last year.
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
Oilex | OEX | $7.8M | Republic Investment Management | 14.74% | Increasing |
Select Harvests | SHV | $693.1M | Paradice Investment Management | 7.07% | Increasing |
Opthea | OPT | $648.5M | KiFin | 5.36% | Becoming |
BTC Health | BTC | $23.8M | LHC Capital Partners | 10.72% | Becoming |
Northern Minerals | NTU | $187.1M | Conglin Yue | 8.58% | Increasing |
Bod Australia | BDA | $47.9M | SG Hiscock & Company | 5.75% | Becoming |
Uniti Group | UWL | $203.0M | Capital J Investments | 7.93% | Becoming |
Mako Gold | MKG | $7.5M | Resolute Mining | 17.00% | Increasing |
Opthea | OPT | $656.0M | Regal Funds Management | 11.55% | Increasing |
Adriatic Metals | ADT | $109.6M | Sandfire Resources | 12.78% | Increasing |
Eclipx Group | ECX | $479.5M | Wilson Asset Management | 6.18% | Increasing |
De Grey Mining | DEG | $46.1M | DGO Gold | 11.60% | Increasing |
De Grey Mining | DEG | $46.1M | Regal Funds Management | 6.48% | Becoming |
Alliance Aviation | AQZ | $319.3M | IOOF | 11.66% | Increasing |
Base Resources | BSE | $285.8M | Pacific Road Capital | 26.60% | Increasing |
Altech Chemicals | ATC | $78.0M | Delphi | 16.30% | Increasing |
Veris | VRS | $22.4M | Craig Chapman | 5.33% | Becoming |
Ellex | ELX | $83.3M | Australian Ethical Investment | 9.58% | Increasing |
Ellex | ELX | $83.3M | Jencay Capital | 5.52% | Becoming |
Sky Network Television | SKT | $455.3M | RugbyPass Investors | 6.06% | Becoming |
Wellness and Beauty Solutions | WNB | $4.6M | Geoffrey Pearce | 6.33% | Becoming |
Metal Search | MSE | $8.2M | Bin Lu | 5.09% | Becoming |
Betmakers Technology | BEt | $29.0M | JM Financial | 8.45% | Becoming |
Metminco | MNC | $2.4M | Sandfire Resources | 17.67% | Becoming |
Site Group International | SIT | $31.0M | Armada Trading | 6.38% | Becoming |
Powerwrap | PWL | $57.6M | SG Hiscock & Company | 6.71% | Increasing |
Wingara | WNR | $32.1M | Naos Asset Management | 25.27% | Increasing |
Enero Group | EGG | $154.1M | Wilson Asset Management | 6.28% | Becoming |
Cokal | CKA | $43.2M | Aahana Mineral Resources | 20.10% | Increasing |
Lifestyle Communities | LIC | $684.8M | Australian Super | 7.41% | Increasing |
Spirit Telecom | ST1 | $74.7M | Regal Funds Management | 5.03% | Becoming |
Indiana Resources | IDA | $3.0M | Bronwyn Barnes | 5.94% | Becoming |
Medusa Mining | MML | $157.9M | Ruffer | 14.94% | Increasing |
Powerhouse Ventures | PVL | $1.9M | Jun Hong Sheng | 9.65% | Becoming |
Yowie | YOW | $16.1M | Trojan Retirement Fund - Troy Harry | 5.33% | Becoming |
Stemify | SF1 | $3.8M | Parry Capital Management | 6.76% | Becoming |
The one substantial holder that completely sold its holdings was Walker Group (the company of property magnate Lang Walker) which sold out of BTC Health (ASX: TC) for $1.3m.
Malaysian investor AIMS Asset Management ceased to be a substantial holder in gold explorer Red 5 (ASX:RED). It sold $4m worth of shares this month.
While other fund managers bought Opthea, BVF Partners cashed out some of its earnings, $38m approximately but it still owns 9.45 per cent.
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Red5 | RED | $404.4M | AIMS Asset Management | 3.14% | Ceasing |
BTC Health | BTC | $23.8M | Walker Group Holdings | 0% | Ceasing |
Veris | VRS | $21.5M | IOOF | 13.76% | Decreasing |
OM Holdings | OMH | $470.5M | Stratford Sun | 7.69% | Decreasing |
Pacific Energy | PEA | $415.0M | IOOF | 5.37% | Decreasing |
HT&E | HT1 | $485.8M | Perpetual | 7.10% | Decreasing |
Western Areas | WSA | $675.7M | Schroder Investment Management | 4.99% | Ceasing |
Opthea | OPT | $656.0M | BVF Partners | 9.45% | Decreasing |
Nickel Mines | NIC | $949.3M | Regal Funds Management | 7.09% | Decreasing |
BluGlass | BLG | $52.3M | SPP Technologies | 11.40% | Decreasing |
UsCom | UCM | $14.5M | John Gleeson | 4.99% | Ceasing |