In this week’s recap of substantial holders, Jamie Pherous bought a 5.3 per cent stake in State Gas for $4.9m, Lombard Odier bought more of Salt Lake Potash, and Regal sold out of Visioneering Technologies and increased its stake in Nickel Mines by $11m.

Substantial shareholders are defined as those holding 5 per cent or more of a company’s shares and these could be directors, individual investors or institutional investors.

Shareholders are required to announce to the exchange when their shareholding becomes substantial, when they have ceased to be substantial shareholders or any change in their holdings above 5 per cent.

Buyers

Jamie Pherous is a Queensland business magnate who founded Corporate Travel in 1994 and is still managing director of the company.

On Monday he bought a 5.3 per cent stake in Queensland gas play State Gas (ASX:GAS) for $4.9m.

It is an exciting time in Queensland’s gas market. This company fracks for coal seam and conventional gas and Jamie’s money will help them fund the project’s next stage.

Interestingly, Tony Ballas, chairman of State Gas, is also chairman of Corporate Travel.

Billionaire investor Alex Waislitz’s Thorney Technologies became substantial holders in Visioneering Technologies (ASX:VTI), taking a 10.64 per cent stake. He paid just under $1m in a recent placement after previously spending $97,000 in February to initially buy in.

Remember Tolga Kumova? He’s a successful investor who profited from Syrah Resources (ASX:SYR). This week he has taken a gamble on Six Sigma Metals (ASX:SI6) taking a 5.34 per cent stake, paying $120,000.

Among the fund manager buys this week were Regal Funds Management spending $11m to increase their stake in Indonesian-focused base metals explorer Nickel Mines (ASX: NIC). They now hold 7.36 per cent.

Paradice Investment Management increased their holdings in Eneco Holdings (ASX:EHL) and Deep Yellow (ASX:DYL).  IOOF did likewise with their stake in Otto Energy (ASX:OEL) spending $1.2m to take their stake to 11.63 per cent.

IOOF also bought into recently IPO’d Victory Offices (ASX:VIC), acquiring a 6.72 per cent stake for $5.5m. Perpetual likewise bought in although they only acquired a 5.5 per cent stake and spent $4.5m.

Vibumum Funds spent $8m to take its stake in Ardent Leisure Group (ASX:ALG) (the owner of Dreamworld) to 14.48 per cent. One of their executives, Gary Weiss has been on Ardent’s board for the last two years, joining in the aftermath of the Dreamworld disaster.

CompanyCodeMarket CapHolderStakeStatus
TerraComTER$238.3MBonython Coal0.1695Increasing
GI DynamicsGID$14.7MCystal Atiher Fund0.4878Increasing
SkyfiiSKF$50.6MJagafil0.0997Increasing
Aspen GroupAPZ$98.7MBrahman Capital Management0.173Increasing
Venture MineralsVMS$12.4MEphinsture Group0.0723Increasing
Deep YellowDYL$77.2MParadice0.077Becoming
BWXBWX$263.4MBennelong0.2218Increasing
Eneco HoldingsEHL$568.9MParadice0.0905Increasing
EmpiredEPD$43.2MMicroequities Asset Management0.0831Increasing
Qantm IPQTM$27.5MFidelity0.0536Becoming
Volpara Health TechnologiesVHT$351.9MHarbour Asset Management0.0647Increasing
Visioneering TechnologiesVTI$20.0MThorney Technology0.1064Becoming
Peel MiningPEX$74.0MSt Barbara 0.161Increasing
Boart LongyearBLY$94.7MCentrebridge0.5384Increasing
Latin ResourcesLRS$3.6MLind Asset Management0.0559Becoming
Ora Banda MiningOBMSuspGR Engineering Services0.0634Becoming
iCar AsiaICQ$93.1MPM Capital 0.107Increasing
Magnetic ResourcesMAU$78.8MDale Alcock0.0578Becoming
1st Group1ST$17.8MJohn Plummer; Gold Tiger Investments0.2758Increasing
Ardent Leisure GroupALG$513.3MVibumum Funds0.1448Increasing
Nickel MinesNIC$564.4MRegal Funds Management0.0736Increasing
Urbanise.comUBN$20.5MAustralian Ethical Investment0.0504Becoming
Venture MineralsVMS$12.4MDelphi0.0625Becoming
Strandline ResourcesSTA$51.3MTembo Capital0.3369Increasing
Ora Banda MiningOBMSuspNPS Mining Alliance0.0805Becoming
Victory OfficesVOL$92.0MIOOF0.0672Becoming
Victory OfficesVOL$92.0MPerpetual0.055Becoming
ReffindRFN$2.6MRyan Yarsley0.0514Becoming
Otto EnergyOEL$108.3MIOOF0.1163Increasing
Harris TechnologyHT8$5.0MFirst Growth Fund0.1622Becoming
State GasGAS$99.6MJamie Pherous0.053Becoming
Six Sigma MetalsSI6$2.5MTolga Kumova0.0534Becoming
K2 EnergyK2F$2.1MBalander Pty Ltd - Sam Gazel0.0598Becoming
Salt Lake PotashSO4$176.7MLombard Odier0.1501Increasing
Winchester EnergyWEL$11.2MLarry Liu and Yang Xiangyang0.1599Increasing
Intermin ResourcesIRC$42.8MAshok Parekh0.0537Becoming

Sellers

Two weeks after Ron Brierley announced he was retiring, he sold $9m of his Mercantile (ASX:MVT) shares. While he still owns 24.73 per cent, this was a significant sell down from his previous 54.3 per cent stake. But rather than being paid in cash, he was paid in Sandon Capital shares.

QVG sold down their stake in traffic information supplier GTN (ASX:GTN) by $3.8m, but they still hold 5.18 per cent.

While Thorney bought into Visioneering Technologies (ASX:VTI), Regal Funds Management cut their stake to 9.24 per cent, selling $151,000 in shares throughout May — although a dilution due to Thorney’s buy also impacted.

Although People Infrastructure (ASX: PPE) completed a $20m raise, IOOF used it as a chance to sell $3.1m, shrinking their stake to 10.46 per cent.

Also selling were AustralianSuper who decreased their stake in Audinate Group (ASX:AD8) to 5.02 per cent after selling $4.3m in six weeks. The Mizikovsky Group (led by prominent businessman Lev Mizikovsky) sold $1.8m in Collection House (ASX: CLH) shares, thus reducing their stake to 8.42 per cent.

CompanyCodeMarket CapHolderCurrent StakeStatus
GTNGTN$224.0MQVG0.0518Decreasing
ImpedimedIPD$47.5MKinetic Investment Partners0Ceasing
UUV AquabotixUUV$2.3MLonghill Capital0.2748Decreasing
Mitchell ServicesMSV$107.8MWashington H Soul Pattison0.0978Decreasing
Visioneering TechnologiesVTI$20.0MRegal Funds Management0.0924Decreasing
E2 MetalsE2M$16.4MMartin Dohohue0.0501Decreasing
Venture MineralsVMS$12.4MMolton Holdings0Ceasing
MercantileMVT$44.9MSiblow - Ron Brierley0.2473Decreasing
Collection HouseCLH$175.5MMizikovsky Group0.0842Decreasing
Audinate GroupAD8$512.8MAustralianSuper0.0502Decreasing
People InfrastucturePPE$204.1MIOOF0.1046Decreasing
Evolve Education EVO$116.8MAccident Compensation Corporation (NZ)0.0498Ceasing