Cashed up and ready to roll Pic: Getty
Trading Places: This shareholder invested $150k in Predictive Discovery and made $2m
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Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve keen keeping track so you don’t have to.
Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last fortnight.
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 |
|---|---|---|---|---|---|
| Dubber | DUB | $165.4M | Thorney Opportunities | 5.11% | Becoming |
| Zenith Energy | ZEN | $149.4M | Apex Opportunities Fund | 15.45% | Becoming |
| Story-I | SRY | $4.4M | Harry Vui Khiun Lee | 5.33% | Becoming |
| Wattle Health | WHA | $105.3M | Mason Strategic Investments | 8.37% | Becoming |
| Arrow Minerals | AMD | $3.8M | Capital Di | 11.48% | Increasing |
| oOh!Media | OML | $430.0M | Allan Gray | 6.48% | Increasing |
| Simavita | SVA | $32.1M | Thorney Opportunities | 9.86% | Increasing |
| Mainstream Group Holdings | MAI | $48.8M | John Plumer | 9.90% | Increasing |
| CV Check | CV1 | $19.0M | Australian Ethical Investment | 5.51% | Becoming |
| Neurotech | NTI | $2.6M | Bandy Pension Fund | 10.85% | Becoming |
| The Reject Shop | TRS | $106.9M | Shine Wing | 15.56% | Increasing |
| Metalsearch | MSE | $9.4M | UniQuest | 7.85% | Becoming |
| Carbonxt | CG1 | $22.5M | Pie Funds Management | 8.91% | Increasing |
| Otto Energy | OEL | $22.6M | Molton Holdings | 42.56% | Increasing |
| Love Group | LVE | $1.8M | JM Financial | 24.95% | Increasing |
| Ellex Medical Lasers | ELX | $80.4M | Jencay Capital | 7.98% | Increasing |
| Indoor Skydive | IDZ | $673K | AD & MP Beard | 12.97% | Increasing |
| Village Roadshow | VRL | $372.3M | Spheria Asset Management | 6.40% | Increasing |
| Swift Networks | SW1 | $4.4M | Robert & Wendy Sofoulis | 30.00% | Increasing |
| Southern Hemisphere Mining | SUH | $1.2M | Euroz | 14.40% | Increasing |
| Champion Iron | CIA | $794.5M | William O'Keeffe | 9.99% | Increasing |
| Swift Media | SW1 | $4.4M | Pure Asset Management | 12.91% | Becoming |
| Apollo Consolidated | AOP | $59.2M | Yarraandoo | 9.39% | Increasing |
| IDT Australia | IDT | $35.9M | Regal Funds Management | 11.01% | Increasing |
| Impedimed | IPD | $30.6M | Australian Ethical Investment | 7.84% | Increasing |
| Alto Metals | AME | $17.6M | Adaman Minerals | 10.30% | Becoming |
| Hansen Technologies | HSN | $543.1M | Long Path Partners | 7.34% | Increasing |
| Alto Metals | AME | $19.1M | Harvest Lane Asset Management | 8.59% | Increasing |
| Impedimed | IPD | $30.6M | Allan Gray | 18.28% | Increasing |
| Impedimed | IPD | $30.6M | Paradice Investment Management | 8.63% | Increasing |
| Chant West | CWL | $9.3M | DMX Asset Management | 8.42% | Increasing |
| Redbubble | RBL | $202.5M | Perennial Value Management | 13.13% | Increasing |
| Atomo Diagnostics | AT1 | $260.9M | Perennial Value Management | 6.41% | Becoming |
| White Energy Company | WEC | $36.1M | Ilwella | 19.70% | Increasing |
| White Energy Company | WEC | $36.1M | Gaffwick | 20.50% | Increasing |
| CFOAM | CFO | $8.9M | Oakhurst Enterprises | 6.58% | Becoming |
| AIC Mines | A1M | $14.0M | Nordana and Josef El-Raghy | 19.13% | Increasing |
| Viking Mines | VKA | $2.2M | Syracuse Capital | 6.04% | Becoming |
| MMA Offshore | MRM | $78.7M | Blossomvale Investments | 6.40% | Becoming |
| Swift Media | SW1 | $4.2M | L1 Capital | 6.35% | Becoming |
| People Infrastructure | PPE | $121.5M | Perennial Value Management | 10.27% | Increasing |
| Predictive Discovery | PDI | $44.8M | Capital Di | 14.69% | Increasing |
| Los Cerros | LCL | $8.9M | Lizeng | 9.11% | Becoming |
| Alto Metals | AME | $19.1M | Goldsea Australia | 6.30% | Increasing |
| Volpara Health Technologies | VHT | $273.1M | Harbour Asset Management | 9.01% | Increasing |
One of 2020’s biggest success stories is Africa-focused gold explorer Predictive Discovery (ASX:PDI). It rose from 0.5c to 6.9c following strong exploration results.
And Mauritius-domiciled drilling firm Capital Drilling bought 30 million shares at 0.5c each, which cost it $150,000.
But now that purchase is worth $2.1m and Capital Drilling’s total 90 million share package is worth over $6m. Every shareholder’s dream.
Other companies, meanwhile, have become known for success over a longer period period of time. One is Australian Ethical Investment (ASX:AEF), which has grown since its 1986 founding thanks to the rising trend of ethical investing.
Substantial stakes acquired in recent days included by recruitment solution CV Check (ASX:CV1) and fluid-measurement device maker Impedimed (ASX:IPD), which have accumulated stakes of 5.51 per cent and 7.84 per cent respectively.
Alex Waislitz’s Thorney Opportunities upped its stake in telco play Dubber (ASX:DUB) and nappy-tech Simavita (ASX:SVA). The latter jumped 480 per cent in November last year when its product gained European approval.
Perennial Value Management invested $7m in Atomo Diagnostics (ASX:AT1) in pre-IPO and IPO funding, giving it a 6.41 per cent stake in the company. On listing the HIV & COVID-19 test kit maker doubled and has remained above 40c this week.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Red 5 | RED | $311.7M | Regal Funds Management | 7.76% | Decreasing |
| Andromeda Metals | ADN | $47.1M | Buratu (Connolly Super Fund) | 8.72% | Decreasing |
| Horizon Minerals | HRZ | $27.2M | Orion Mine Finance | 6% | Decreasing |
| Bigtincan | BTH | $188.6M | Regal Funds Management | 15.88% | Decreasing |
| Western Areas | WSA | $564.5M | Paradice Investment Management | 5.46% | Decreasing |
| Class | CL1 | $178.6M | Hyperion Asset Management | 4.95% | Ceasing |
| Santana Minerals | SMI | $8.1M | Merchant Funds Management | 5.17% | Decreasing |
| Maxitrans Industries | MXI | $30.5M | Telstra Super | 4.77% | Ceasing |
| Southern Cross Media | SXL | $119.2M | Investors Mutual | 0.25% | Ceasing |
| Titomic | TTT | $133.6M | Richard Fox | 17.26% | Decreasing |
| Kogan | KGN | $622.8M | Challenger | 6.43% | Decreasing |
| Pioneer Credit | PNC | $17.1M | ACE Group Entities | 4.22% | Ceasing |
| G8 Education | GEM | $428.0M | Sumitomo Mitsui Trust | 8.56% | Decreasing |
| Jayride | JAY | $7.3M | Zhongyuan Lin | 8.95% | Decreasing |
| Homestay Care | HSC | $13.4M | Kyle Hayres | 0.11% | Ceasing |
| Senex Energy | SXY | $312.1M | Regal Funds Management | 6.02% | Decreasing |
| Pioneer Credit | PNC | $17.1M | Copia Investment Partners | 5.84% | Decreasing |
| Liquified Natural Gas | LNG | $29.0M | The Baupost Group | 6.15% | Decreasing |
| DroneShield | DRO | $22.2M | Regal Funds Management | 14.36% | Decreasing |
With oil prices dropping into negative territory, energy stocks were clear sell-off targets. Regal Funds Management cut its holdings in Senex Energy (ASX:SXY) while the Baupost Group did likewise to its shares in Liquified Natural Gas (ASX:LNG).
Radio station operator Southern Cross Media (ASX:SXL) is currently undertaking a $169m capital raising. But Investors Mutual sold almost all of its holdings.
