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
Company | Code | Market Cap | Holder | Stake | Status |
---|---|---|---|---|---|
Impedimed | IPD | $66.4M | Australian Ethical Investment | 5.43% | Becoming |
NZME | NZM | $72.7M | Forager Funds Management | 7.68% | Increasing |
Elsight | ELS | $40.0M | Li Kwok Po David | 11.40% | Increasing |
NTM Gold | NTM | $48.3M | Empire Resources | 11.82% | Increasing |
Middle Island Resources | MDI | $7.1M | Copulos Group | 9.03% | Increasing |
PS&C | PSZ | $11.6M | Paul Fielding | 6.77% | Becoming |
Sienna Cancer Diagnostics | SDX | $15.4M | Merchant Funds Management | 16.06% | Increasing |
Myanmar Metals | MYL | $84.9M | Yandal Investments | 11.48% | Increasing |
Hills | HIL | $97.4M | Wilson Asset Management | 5.03% | Becoming |
Wolf Minerals | WLF | Suspended | Skybird Group | 10.60% | Becoming |
Peet | PPC | $645.2M | L1 Capital | 10.43% | Increasing |
FAR | FAR | $268.3M | Meridian Capital International Fund | 19.21% | Increasing |
Sienna Cancer Diagnostics | SDX | $15.4M | JEffrey Emmanuel | 8.49% | Increasing |
Experience Co | EXP | $113.9M | Naos Asset Management | 10.34% | Increasing |
Nuchev | NUC | $157.1M | Mithaq Capital | 13.70% | Increasing |
Rent.com.au | RNT | $13.1M | SG Hiscock and Company | 8.59% | Increasing |
Peel Mining | PEX | $56.1M | William Hodgson | 7.50% | Increasing |
Amplia Therapeutics | ATX | $5.3M | Platinum Investment Maangement | 8.60% | Becoming |
Capral | CAA | $58.1M | Spheria Asset Management | 5.04% | Becoming |
Genetic Signatures | GSS | $142.3M | Perennial Value Managment | 8.37% | Increasing |
This week a couple of well known mining investors caught Stockhead’s eye – one being Mark Creasy. His investment vehicle, Yandal Investments owns over $190 million in ASX mining stocks according to Bloomberg.
One of these is base metals explorer Myanmar Metals (ASX:MYL). Last week, Creasy bought another $7 million in shares and now owns 11.48 per cent of the company.
Another well known investor is Stephen Copulos who took his stake in gold explorer Middle Island Resources (ASX:MDI) to 9 per cent.
Institutional fund managers made some trades as well. Australian Ethical Investment (ASX:AEF) became substantial holders in ImpediMed (ASX:IPD) – taking a 5.43 per cent stake.
This company makes medical devices which can track and measure fluids in the body.
Another med tech firm (albeit a distributor), Hills (ASX:HIL) also welcomed a new substantial holder in Wilson Asset Management, which accrued 5.03 per cent of the company’s shares.
Saudi Arabian conglomerate Mithaq Capital bought more of goat-milk infant formula stock Nuchev (ASX:NUC) and now owns 13.7 per cent.
Merchant Funds Management took up a $1 million in Sienna Cancer Diagnostics (ASX:SDX) and now holds over 16 per cent.
Sellers
Company | Code | Market Cap | Holder | Current Stake | Status |
---|---|---|---|---|---|
Virtus Health | VRT | $348.1M | Challenger | 0% | Ceasing |
Xref | XRF | $33.2M | Fidelity | 7.14% | Decreasing |
Technology One | TNE | $2.8B | Pinnacle Investment Management | 8.03% | Decreasing |
Bigtincan | BTH | $271.4M | Australian Ethical Investment | 9.69% | Decreasing |
Silver Lake Resources | SLR | $1.4B | Ruffer | 7.36% | Decreasing |
There were few sellers this week.
One notable decrease was Australian Ethical Investment selling down its stake in Bigtincan (ASX:BTH). Its stake is only 9.7 per cent.
This company, which makes sales development software, released its quarterly report last week and the results impressed investors.