Investors are betting on a tourism comeback with a number of buys in ASX-listed stocks this week. Getty Images.
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.
Buyers
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Pure Alumina | PUA | $9.0M | Keith Knowles | 5.12% | Increasing |
| Home Consortium | HMC | $702.6M | Spotlight Group | 43.51% | Increasing |
| Patrys | PAB | $13.9M | Mason Stevens | 5.24% | Becoming |
| Victory Offices | VOL | $30.7M | Regal Funds Management | 9.78% | Becoming |
| Kin Mining | KIN | $85.6M | Delphi | 23.05% | Increasing |
| Victory Offices | VOL | $30.7M | Perennial Value Management | 13.49% | Increasing |
| Boom Logistics | BOL | $42.8M | Grove Investment Group | 5.17% | Becoming |
| MyFiziq | MYQ | $32.6M | The Rain Maker | 11.95% | Increasing |
| Empired | EPD | $56.0M | Thorney Opportunities | 15.51% | Increasing |
| Ragnar Metals | RAG | $1.9M | John Gaffney | 6.54% | Becoming |
| Benjamin Hornigold | BHD | $4.8M | Glennon Capital | 6.98% | Becoming |
| Kleos Space | KSS | $31.5M | Janet Cameron | 14.52% | Increasing |
| White Rock Minerals | WRM | $27.5M | Palisades GoldCorp | 10.69% | Increasing |
| Catapult Group International | CAT | $242.4M | One Managed Investment Funds | 5.03% | Becoming |
| Iselect | ISU | $44.8M | Thorney Opportunities | 11.04% | Increasing |
| Black Cat Syndicate | BC8 | $82.0M | Les Davis | 5.24% | Becoming |
| Vault Intelligence | VLT | $57.0M | Regal Funds Management | 12.96% | Increasing |
| Integrated Payment Technologies | IPT | $11.9M | Paul Collins | 7.79% | Becoming |
| Pointerra | 3DP | $82.9M | Bevan Slattery | 7.54% | Becoming |
| Anteris Technologies | AVR | $25.4M | Constellation Immunotherapy | 5.53% | Becoming |
| Iselect | ISU | $44.8M | Thorney Opportunities | 13.23% | Increasing |
| Vault Intelligence | VLT | $57.0M | Pie Funds Management | 5.20% | Becoming |
| Benjamin Hornigold | BHD | $5.0M | Glennon Capital | 8.18% | Increasing |
| Alchemy Resources | ALY | $10.5M | Stephen Nordstrom | 7.27% | Increasing |
| Spirit Telecom | ST1 | $126.5M | Peter & Diana Diamond | 21.31% | Increasing |
| Experience Co | EXP | $66.7M | Naos Asset Management | 18.63% | Increasing |
| Strategic Energy Resources | SER | $5.9M | 1215 Capital | 5.20% | Becoming |
| Integrated Payment Technologies | IP1 | $11.9M | Colin Scully | 25.80% | Increasing |
| Integrated Payment Technologies | IP1 | $11.9M | Don Sharp | 18.83% | Increasing |
| Matador Mining | MZZ | $71.5M | Nero Resource Fund | 6.21% | Increasing |
| Kula Gold | KGD | $5.5M | Bowman Gate | 18.70% | Increasing |
| Kula Gold | KGD | $5.5M | Riverview Corporaiton | 8.80% | Increasing |
| Gateway Mining | GML | $31.8M | Omni Geox | 8.47% | Increasing |
| Pure Foods Tasmania | PUA | $10.6M | Illewa | 6.76% | Increasing |
| Kula Gold | KGD | $5.5M | Merchant Holdings | 11.60% | Increasing |
| Dark Horse Resources | DHR | $7.9M | David Mason | 6.70% | Increasing |
| Dark Horse Resources | DHR | $7.9M | Neil Stuart | 8.37% | Increasing |
| Dark Horse Resources | DHR | $7.9M | DGR Global | 10.23% | Increasing |
| Spirit Telecom | ST1 | $128.8M | Regal Funds Management | 17.77% | Increasing |
| DTI Group | DTI | $8.0M | Permanent Mutual | 32.82% | Increasing |
| First AU | FAU | $8.0M | Bryan Frost | 7.04% | Increasing |
| Lotus Resources | LOT | $54.3M | Copia Investment Partners | 5.95% | Increasing |
| Powerwrap | PWL | $55.4M | Praemium | 15.10% | Increasing |
| Warrego Energy | WGO | $141.2M | Dennis Donald | 17.45% | Increasing |
| Homestay Care | HSC | $13.4M | Kyle Haynes | 6.39% | Increasing |
| Calidus Resources | CAI | $129.6M | Elanwi Trust | 6.32% | Increasing |
| Northern Minerals | NTU | $84.5M | Vastness Investment Group | 7.10% | Increasing |
| Imdex | IMD | $512.2M | L1 Capital | 8.17% | Increasing |
| Life360 | 360 | $503.0M | Regal Funds Management | 10.58% | Increasing |
| Vault Intelligence | VLT | $70.4M | Regal Funds Management | 15.80% | Increasing |
| IXUP | IXU | $6.2M | Regal Funds Management | 14.75% | Increasing |
| Nick Scali | NCK | $554.0M | Eley Griffiths | 5.04% | Becoming |
| Onevue Holdings | OVH | $101.8M | Thorney Opportunities | 17.52% | Increasing |
| Redbank Copper | RCP | $4.6M | Jason Peterson | 7.92% | Becoming |
| Tesoro Resources | TSO | $61.9M | Scion HDG SPA | 6.01% | Becoming |
| Monash IVF | MVF | $212.4M | Perennial Value Management | 5.44% | Becoming |
| RBR Group | RBR | $7.1M | Ian Mcpherson | 8.02% | Increasing |
| Caravel Minerals | CVV | $8.7M | African Energy Resources Australia | 8.23% | Increasing |
| Helloworld | HLO | $250.4M | Burnes Group | 14.38% | Increasing |
| Audinate | AD8 | $385.2M | AustralianSuper | 6.42% | Increasing |
| Equus Mining | EQE | $16.9M | Tribeca Investment Partners | 6.31% | Becoming |
| Metalsearch | MSE | $17.9M | LL & P/ Andrew Solomons | 6.50% | Becoming |
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.
Investors still buying gold stocks
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.
Takeover targets
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.
Another stock in the same situation is workplace management software Vault Intelligence (ASX:VLT), which is facing acquisition by fellow listee Damstra Holdings (ASX:DTC) .
Regal Funds Management bought more shares, taking its stake to 15.8 per cent.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| DXN | DXN | $26.3M | Kenneth Baker | 4.99% | Ceasing |
| Oneview Healthcare | ONE | $7.0M | Perennial Value Management | 0.00% | Ceasing |
| Aurelia Metals | AMI | $489.4M | Perennial Value Management | 6% | Decreasing |
| Redbubble | RBL | $558.5M | Perennial Value Management | 5.58% | Decreasing |
| SciDev | SDV | $91.6M | Perennial Value Management | 11.61% | Decreasing |
| Uniti Group | UWL | $789.6M | Perennial Value Management | 0.00% | Ceasing |
| Anteris Technologies | AVR | $28.3M | Star Bright Holding | 12.35% | Decreasing |
| Sigma Healthcare | SIG | $736.3M | Allan Gray | 8.29% | Decreasing |
| Atomos | AMS | $94.8M | Domazet FT3 | 6.71% | Decreasing |
| Boom Logistics | BOL | $44.9M | Paradice Investment Management | 4.68% | Ceasing |
| New Zealand Coastal Seafoods | NZS | $13.8M | Bergen Global Opportunities Fund | 6.80% | Decreasing |
| Caravel Minerals | CVV | $8.1M | Copulos Group | 2.82% | Ceasing |
| DXN | DXN | $23.2M | Carason Ward | 0.00% | Ceasing |
| GWA Group | GWA | $670.4M | Ethical Partners Funds Management | 8.05% | Decreasing |
| Pursuit Minerals | PUR | $3.9M | Jamber Investments | 0.00% | Ceasing |
| Spectur | SP3 | $5.0M | Charles Wilkins | 5.47% | Decreasing |
| Nick Scali | NCK | $554.0M | Perpetual | 6.18% | Decreasing |
| Cygnus Gold | CY5 | $15.3M | John Huizenga | 10.54% | Decreasing |
| PRescient Therapeutic | PTX | $26.0M | Australian Ethical Investment | 6.48% | Decreasing |
| Little Green Pharma | LGP | $50.1M | Elixxir | 22.09% | Decreasing |
| Life360 | 360 | $503.1M | ADT Security | 0.00% | Ceasing |
| Aurelia Metals | AMI | $541.9M | Vinva Investment Management | 4.96% | Ceasing |
| Smart Parking | SPZ | $34.1M | Viburnum Funds | 4.95% | Ceasing |
| Family Zone Cyber Safety | FZO | $128.2M | Regal Funds Management | 8.97% | Decreasing |
| Imdex | IMD | $510.3M | Yarra Funds Management | 6.95% | Decreasing |
| Dragontail Systems | DTS | $31.4M | Internet Fund | 10.80% | Decreasing |
| Helloworld | HLO | $250.4M | Irene Alysandratos | 13.76% | Decreasing |
| YPB | YPB | $9.5M | Wuhang Zhang | 6.31% | Decreasing |
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.
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