Trading Places: These investors are betting on a tourism comeback
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Want to know where fund managers are putting their money? We’ve been keeping track so you don’t have to.
Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.
Substantial shareholders are those holding 5 per cent or more of a company’s shares — 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, as well as any change in their holdings while they remain above 5 per cent.
However, several buys this week were in tourism stocks as investors continued to take a punt on a strong comeback.
Naos Asset Management upped its stake in Experience Co (ASX:EXP) to 18.63 per cent.
Meanwhile, the Burnes family, led by husband and wife duo Andrew & Cinzie, injected $5m in travel agency Helloworld Travel (ASX:HLO) as part of a capital raising.
All up the pair own 28.15 per cent between them, a stake actually lower than before due to the deal’s dilution of their holdings.
One of 2020’s under the radar gold stories has been Chile-focused Tesoro Resources (ASX:TSO).
It entered the bourse in January as part of a reverse takeover of jeweller Plukka at 3c per share and is now at 13c following exploration success.
Earlier this month it undertook a $6m capital raising and Chilean mining services firm Scion bought nearly $700,000 more in shares, taking its holdings to just over 6 per cent.
Also in gold, one stock that missed much of 2020’s price action is Kula Gold (ASX:KGD), having been suspended for several months as it searched for a project.
The ASX permitted it to recommence trading and three of its substantial holders, entities owned by its directors, raised their collective stakes to 39.1 per cent.
Other notable trades included in stocks facing takeovers.
Alex Waislitz’s Thorney Opportunities bought more of digital wealth management stock OneVue Holdings (ASX:OVH) and now owns 17.5 per cent.
Regal Funds Management bought more shares, taking its stake to 15.8 per cent.
Child tracking app Life360 (ASX:360) is still below its listing price but has begun to gain momentum in recent weeks with solid financial updates.
US home security firm ADT, which is a substantial holder having bought in back in 2014, opted to sell its $46m stake last week. This was just over 10 per cent of Life360.