Trading Places is Stockhead’s weekly recap of substantial holder transactions among ASX small caps.

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

Last week we observed four Cogstate (ASX:CGS) directors spending $1.6m between them on their own stock.

Japanese pharmaceutical company Eisai also bought $1.6m. In doing so it crossed the substantial holder threshold with 7.16 per cent.

Former QBE executive Karl Hamann bought a 6.91 per cent stake in Aus Tin Mining (ASX:ANW). The $250,000 purchase was a private placement.

The company is seeking to raise more capital but has placed its Tasmanian tin mine on temporary care and maintenance after a few months of underperformance.

Seattle-based investor Charles Fischer bought more GetSwift (ASX:GSW) stock and now owns 9.13 per cent.

Among fund managers purchases this week, Sydney-based Samuel Terry Asset Management now holds 6.9 per cent of Matrix Composites & Engineering (ASX:MCE), spending $1.1m.

TelstraSuper and Spheria Asset Management both bought into Geopacific Resources (ASX:GPR). This was part of a $45m capital raising for the gold miner, which has projects in Papua New Guinea and Cambodia.

Viburnum Funds Management increased its stake in HRL Holdings (ASX:HRL) to 23.08 per cent. HRL is one of the few stocks involved in infant formula that did well last month, but infant formula is one of many trades for this company.

It owns laboratories which among other things test milk and dairy products for undesirable residues.

Company Code Market Cap Holder Stake Status
Aus Tin Mining ANW $4.7M Karl & Lisa Hamann 6.91% Becoming
Parkway Minerals PWN $8.5M Bahay Ozcakmak 17.13% Increasing
Geopacific Resources GPR $82.8M TelstraSuper 5.46% Becoming
Azumah Resources AZM $32.3M Harvest Lane Asset Management 8.78% Increasing
VitalHarvest Freehold Trust VTH $146.2M Regal Funds Management 6.09% Becoming
Redbubble RBL $497.3M Challenger 7.85% Increasing
Genex Power GNX $108.5M First Sentier Investors 5.21% Increasing
GWA Group GWA $765.5M Investors Mutual 8.14% Increasing
Magmatic Resources MAG $19.3M Gold Fields Australia 14.11% Increasing
Empire Resources ERL $6.2M Michael Ruane 22.08% Increasing
AusCann Group Holdings AC8 $88.8M Merchant Funds Management 13.43% Increasing
Stonehorse Energy SHE $4.0M Merchant Funds Management 11.40% Increasing
Bathurst Resources BRL $157.0M Crocodile Capital 5.40% Becoming
Alpha HPA A4N $94.8M Regal Funds Management 13.89% Increasing
Bigtincan BTH $207.1M Australian Ethial Investment 10.87% Increasing
Tanga Resources TRL $3.2M Capital DI 14.28% Becoming
Matrix Composites & Engineering MCE $35.3M Samuel Terry Asset Management 6.90% Becoming
Tamaska Oil and Gas TMK $5.5M Craig Burton 25.12% Increasing
HRL Holdings HRL $54.3M Viburnum Funds 23.08% Increasing
GetSwift GSW $104.6M Charles Fischer 9.13% Increasing
Geopacific Resources GPR $82.8M Spheria Asset Management 8.95% Increasing
Karoon Energy KAR $424.5M Firetrail Investments 5.84% Becoming
BSA BSA $168.5M Naos Asset Management 21.73% Increasing
GTN GTN $165.5M Harbour Asset Management 8.53% Increasing
Auroch Minerals AOU $9.3M MIMO Strategies 8.91% Increasing
Aspen Group APZ $113.7M Brahman Capital Management 18.52% Increasing
Cogstate CGS $57.4M Eisai 7.16% Becoming

 

Sellers

Redbubble founder Martin Hosking (ASX:RBL) sold $11m worth of shares but still owns 13 per cent.

The company released a statement in conjunction with the required notices saying,”It is great that he can realise a portion of the value he has helped create”.

As IT service provider CSG (ASX:CSV) is swallowed up, the holders are gradually parting with their shares. This week William Wentworth Management did this. At its last substantial holder notice update in June it had 8.43 per cent.

Another notable trade was Coal Development Holdings reducing its stake in coal miner Universal Coal (ASX:UNV) from 33 per cent to 7.5 per cent for $34.6m.

This was an off-market sale to fellow coal stock Terra Com (ASX:TER). Terra Com told its shareholders this purchase provided the company with greater geographic diversification and an expanded production foot print.

Company Code Market Cap Holder Current Stake Status
XRF Scientic XRF $30.8M Skye Alba 6.42% Decreasing
Aspen APZ $113.7M Mill Hill Capital 9.54% Decreasing
Clover Corporation CLV $520.6M Washington H Soul Pattinson & company 22.92% Decreasing
Stavely Minerals SVY $271.5M Greenstone Property 8.48% Decreasing
DroneShield DRO $99.7M Bergen Opportunities Fund 7.97% Decreasing
Atomos AMS $292.7M Ellerston Capital 9% Decreasing
Universal Coal UNV $128.0M Coal Development Holdings 7.46% Decreasing
Quickstep Holdings QHL $106.7M Perpetual 4.71% Ceasing
Redbubble RBL $487.8M Martin Hosking 13% Decreasing
Infomedia IFM $729.0M Pendal Group 0% Ceasing
Pursuit Minerals PUR $3.0M Jamber Investments 5.23% Decreasing
Wiseway Group WWG $18.2M Regal Funds Management 3.95% Ceasing
Chase Mining CML $5.2M Hustler Investments - John Zadesh 4.86% Ceasing
Baby Bunting BBN $488.6M Australian Super 10.74% Decreasing
CSG CSV $135.7M William Wentworth Management 0% Ceasing