Two recent ASX IPOs had on market top ups from existing investees (Image via Getty)
Trading Places: Which recent ASX IPO saw investees top up their holdings on market?
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Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight.
Specifically, Stockhead tracks substantial shareholder movements, being shareholders 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 |
|---|---|---|---|---|---|
| Deep Yellow | DYL | $385.6M | Collines Investments | 7.59% | Increasing |
| Duke Exploration | DEX | $21.2M | Misty Grange | 7.19% | Increasing |
| Immutep | IMM | $482.4M | Fidelity | 7.41% | Increasing |
| Triton Minerals | TON | $59.1M | SG Hiscock | 6.65% | Increasing |
| Monadelphous | MND | $895.1M | Allan Gray | 5.08% | Becoming |
| SiteMinder | SDR | $1.8B | AustralianSuper | 6.79% | Becoming |
| Australian Agricultural Company | AAC | $1.0B | Heytesbury Group | 6.04% | Becoming |
| GTI Resources | GTR | $35.0M | Tolga Kumova | 5.41% | Increasing |
| City Chic Collective | CCX | $1.5B | Bennelong Funds MAnagement | 5.72% | Becoming |
| RPMGlobal | RUL | $477.5M | Regal Funds Management | 6.43% | Increasing |
| Allegience Coal | AHQ | $213.2M | Regal Funds Management | 8.34% | Increasing |
| Carawine Resources | CWX | $27.2M | Christopher Wallin | 19.90% | Increasing |
| Xtek | XTE | $24.2M | Regal Funds Management | 10.01% | Becoming |
| MoneyMe | MME | $342.0M | Perennial | 10.02% | Increasing |
| Cygnus Gold | CY5 | $21.5M | John Huizenga | 6.72% | Increasing |
| Vista Group | VGL | $587.2M | Spheria Asset Management | 9.13% | Increasing |
| MultiStack International | MSI | $7.2M | Jin Qiao | 17.60% | Increasing |
| Judo Capital | JDO | $2.5B | UniSuper | 6.76% | Increasing |
| Propell Holdings | PHL | $7.5M | Danny Segman | 13.41% | Increasing |
| Tissue Repair | TRP | $39.9M | Tony Charara & Spark Capital | 8.10% | Becoming |
| Vita Group | VTG | $78.7M | Spheria Asset Management | 19.16% | Increasing |
| Universal Stores | UNI | $565.1M | Spheria Asset Management | 5.07% | Becoming |
| MSL Solutions | MSL | $94.6M | Microequities | 10.07% | Increasing |
| Service Stream | SSM | $508.2M | Allan Gray | 6.72% | Increasing |
| A2B Australia | A2B | $165.0M | Spheria Asset Management | 18.25% | Increasing |
| Monadelphous | MND | $878.9M | Spheria Asset Management | 5.03% | Becoming |
| BWX | BWX | $725.6M | QVG Capital | 5.11% | Becoming |
| Resources & Energy Group | REZ | $26.5M | Magnolia Capital | 9.21% | Becoming |
| Experience Co | EXP | $242.1M | Richmond Hill Capital | 6.75% | Increasing |
| Lycaon Resources | LYN | $16.5M | Inyati Fund | 7.26% | Becoming |
| Australian Rare Earths | AR3 | $40.8M | IOOF | 5.90% | Becoming |
| A2B Australia | A2B | $163.8M | Pinnacle | 5.15% | Becoming |
| Advanced Braking Technology | ABV | $12.2M | Keith Knowles | 30.11% | Increasing |
| Orora | ORA | $2.9B | Yarra Management | 5.10% | Becoming |
| Genworth | GMA | $948.8m | Vinva Investment Management | 5.01% | Becoming |
| Adairs | ADH | $578.2M | Vinva Investment Management | 5.05% | Becoming |
| Inghams | ING | $1.3B | Vinva Investment Management | 5.04% | Becoming |
| Emeco | EHL | $556.9M | Vinva Investment Management | 5.10% | Becoming |
| Virtus | VRT | $461.0M | Vinva Investment Management | 5.14% | Becoming |
| Super Retail Group | SUL | $2.8B | Vinva Investment Management | 5.09% | Becoming |
The hot run of ASX IPOs continued in November and two recent listees saw shareholders that bought in at IPO, top up their holdings on market.
Neobank Judo (ASX:JDO) counts UniSuper as a substantial holder and in the first fortnight of its listing, it increased its holdings from 5.69% to 6.76%. It bought nearly 12 million more shares and forked out ~$26.73 million.
Another was biotech Tissue Repair (ASX:TRP) which dropped on debut but saw co-founder Tony Charara buy another $49,365 in the first four days of trading, taking his stake to over 8%.
Spheria Asset Management made a number of moves including accumulating a 5.03% stake in casual fashion retailer Universal Stores (ASX:UNI) and mining engineering company Monadelphous (ASX:MND).
Bennelong Funds Management became a 5.72% shareholder in City Chic Collective (ASX:CCX) while Perennial took its existing stake in MoneyMe (ASX:MME) to just over 10%.
GTI Resources (ASX:GTR), a company with interests in uranium and gold, saw Tolga Kumova top up his holdings by ~$509,000.
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Cashrewards | CRW | $87.1M | Alium Alpha Fund | 8.56% | Decreasing |
| Austin Engineering | ANG | $122.1M | Spheria Asset Management | 6.65% | Decreasing |
| Green Technology Metals | GTG | $38.8M | Perennial | 6.10% | Decreasing |
| Imdex | IMD | $1.1B | L1 Capital | 8.95% | Decreasing |
| Nuheara | NUH | $34.5M | Perennial | 5.72% | Decreasing |
| Booktopia | BKG | $309.1M | Perennial | 5.96% | Decreasing |
| Lynch Group | LGL | $413.8M | Bennelong Funds Management | 5.13% | Decreasing |
| Westgold Resources | WGX | $923.3M | Fidelity | 5.75% | Decreasing |
| Inghams | ING | $1.3B | Yarra Management | <5% | Ceasing |
| Vita Group | VTG | $78.7M | Ryder Capital | <5% | Ceasing |
| Nine | NEC | $5.1B | Fidelity | <5% | Ceasing |
| Imdex | IMD | $1.1B | L1 Capital | 7.65% | Decreasing |
| ImpediMed | IPD | $310.8M | Allan Gray | 5.37% | Decreasing |
Sales by Perennial included in hearing aids company Nuheara (ASX:NUH) and online book outlet Booktopia (ASX:BKG).
Bennelong reduced its stake in Lynch Group (ASX:LGL) while Fidelity ceased to be a substantial holder in Nine (ASX:NEC).
