Pic: DKosig / iStock / Getty Images Plus via Getty Images
Trading Places: The substantial holders that were buying and selling this week
News
share
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 |
