Trading Places is Stockhead’s weekly recap of substantial holder movements focusing on fund managers.

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.

 

Buyers

This week many of the fund managers familiar to this column were back from holidays.

Perennial Value Management bought more of the ASX’s newest fintech MoneyMe (ASX:MME) and water treatment stock De.Mem (ASX:DEM).

The latter company has filtering technology which it applies at the end of typical treatment where the water is passed through a membrane. Only water molecules pass through.

While miners are its main client base, it has sought to expand into food.

Visioneering Technologies (ASX:VTI), one of the few small caps involved in eye care raised capital in recent months. Existing holders Regal Funds Management and Alex Waislitz’s Thorney Technologies both increased their holdings and own nearly 30 per cent between them.

Last year, Ian Gandel put enough money into one of his companies to take it private. This week he put more money into another one of his gold stocks, Alkane Resources (ASX:ALK). This company is focused on regional New South Wales – which is a prominent gold region.

Vinva Asset Management, typically an investor in large caps, took its holdings in marketing and communications firm IVE Group (ASX:IGL) to just over 6 per cent.

Arguably the most notable buy was Grahger Retail Securities’ buy into The Reject Shop (ASX:TRS) which triggered a rise in the discount retailers’ share price and earnt the company a speeding ticket from the ASX.

While the company denied it was withholding price-sensitive information, it had previously revealed signs that gave investors hope things were turning around after years of misfortune.

Company Code Market Cap Holder Stake Status
Aura Energy AEE $10.0M Asean Deep Value Fund 17.09% Increasing
The Reject Shop TRS $111.6M Grahger Retail Securities 8.13% Increasing
Tempo Australia TPP $14.8M Bontempo Nominees 12.34% Increasing
Force Commodities 4CE $6.7M Jihad Malaeb 6.57% Increasing
Hotcopper HOT $24.5M Danielle Sanger 6.11% Becoming
Hotcopper HOT $24.5M David Argyle 35.01% Increasing
First Au FAU $3.0M Bryan Frost 9.80% Increasing
De.Mem DEM $43.8M Perennial Value Management 14.22% Increasing
MoneyMe MME $244.0M Perennial Value Management 8.29% Increasing
GetSwift GSW $81.1M Charles Frischer 10.13% Increasing
Monash IVF MVF $238.1M Allan Gray 8.83% Increasing
IntelliHR IHR $12.6M Colinton Capital Partners 8.90% Becoming
Oliver's Real Foods OLI $19.0M Gelba 6.33% Increasing
Visioneering Technologies VTI $21.9M Thorney Technologies 15.17% Increasing
Visioneering Technologies VTI $21.9M Regal Funds Management 13.87% Increasing
Ausgold AUC $14.9M Timothy Kestell 5.73% Becoming
Ioneer INR $310.6M Centaurus Capital 7.84% Becoming
Cyclopharm CYC $99.4M Anglo Australian Christian and Charitable Fund 16.89% Increasing
Big River Gold BRV $25.0M SG Hiscock and Company 5.62% Becoming
Mobilicom MOB $33.5M Zelwer Superannuation 5.04% Becoming
AppsVillage APV $19.9M PAC Capital 12.32% Increasing
CML Group CGR $117.5M Moelis Australia 6.18% Increasing
NTM Gold NTM $48.5M DGO Gold 12.14% Increasing
Dotz Nano DTZ $18.9M Ariel Malik 6.53% Becoming
IVE Group IGL $369.0M Vinva Investment Management 6.36% Increasing
Metgasco MEL $18.0M Melbana Energy 22.83% Increasing
Alkane Resources ALK $360.0M Ian Gandel 23.45% Increasing
Family Insights Group FAM $3.9M Territory Trading Group 5.30% Becoming
Praemium PPS $222.6M Milford Asset Management 5.08% Becoming
Adslot ADJ $63.5M Peter & Diana Diamond 10.75% Increasing

Sellers

Damstra Holdings (ASX:DTC) only listed in September but already Regal Funds Management is selling down. This stock, an API integration software provider, sits 7 per cent higher than when it listed — at 97c.

Right in time for Christmas, eye laser maker Ellex Medical Lasers (ASX:ELX) got a takeover offer for most of its assets from French-listed eyecare giant Lumibird. The company will still be listed on the ASX but will change its name.

Fund manager Investors Mutual reduced its stake in Ellex as well as building fixtures supplier GWA Group (ASX:GWA).

West Australian nickel and gold explorer Fraser Range Metals Group (ASX:FRN) saw a selldown from a private company called Croesus Mining.

While there once was an ASX small cap under this name, this company appears to be a private company of the Steinepreis family – which founded the locally headquartered law firm Steinepreis Paganin.

Company Code Market Cap Holder Current Stake Status
Fraser Range Metals Group FRN $6.7M Croesus Mining 11.44% Decreasing
Damtra Holdings DTC $135.4M Regal Funds Management 7.60% Decreasing
QMS Media QMS $418.9M Ellerston Capital 6.20% Decreasing
GWA Group GWA $913.3M Investors Mutual 7.12% Decreasing
Aura Energy AEE $10.0M Lind Partners 6.06% Decreasing
Ellex ELX $110.6M Investors Mutual 6.85% Decreasing