Trading Places: Who chipped $2.2m+ into Sky and Space to help its ASX relisting?
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If you to know where fund managers and famous investors such as Geoff Wilson, Alex Waislitz and Tolga Kumova are putting their money, we’ve been keeping track of substantial holder buys (and sells).
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.
|Amaysim||AYS||$241.3M||Wilson Asset Management||53.61%||Increasing|
|MCS Services||MSG||$10.8M||Richard/Jackie Batrachenko||6.59%||Becoming|
|Big River Industries||BRI||$114.7M||SG Hiscock||5.05%||Becoming|
|Living Cell Technologies||LCT||$12.6M||Jimmy Thomas & Ivy Ruth||8.50%||Increasing|
|Indiana Resources||IDA||$18.9M||Peter Koller||6.37%||Becoming|
|Valor Resources||VAL||$22.7M||Skyharbour Resources||8.23%||Becoming|
|MNF Group||MNF||$358.2M||Australian Ethical||6.07%||Increasing|
|Prospect Resources||PSC||$454.8M||CBM SuperFund||5.71%||Increasing|
|BlackEarth Minerals||BEM||$26.7M||Lithium Australia||8.47%||Increasing|
|Bulletin Resources||BNR||$13.5M||Goldfire Enterprises||26.00%||Increasing|
|Experience Co||EXP||$105.6M||Naos Asset Management||19.93%||Increasing|
|Beston Global Food Company||BFC||$58.1M||Regal Funds Management||9.13%||Becoming|
|Whispir||WSP||$438.0M||Regal Funds Management||5.85%||Becoming|
|Senex||SXY||$497.9M||Paradice Investment Management||7.39%||Increasing|
|Geopacific Resources||GPR||$203.4M||Spheria Asset Management||12.24%||Increasing|
|Candy Club||CLB||$69.3M||James Baillieu||26.53%||Increasing|
|Atomos||AMS||$240.3M||Regal Funds Management||5.33%||Becoming|
|Hillgrove Resources||HGO||$33.7M||Munro Family Super||6.72%||Increasing|
|Orcoda||ODA||$25.6M||Alium Alpha Fund||7.71%||Increasing|
|Vortiv||VOR||$24.6M||Trojan Capital Fund||10.11%||Increasing|
|Experience Co||EXP||$127.8M||Thorney Opportunities||6.29%||Becoming|
|Eureka Group||EGH||$108.1M||Ethical Partners Funds Management||6.62%||Becoming|
|ELMO Software||ELO||$543.4M||Immersion Capital Master Fund||14.89%||Increasing|
|Terragen Holdings||TGH||$87.3M||Scobie Ward||13.15%||Increasing|
|Baby Bunting||BBN||$741.9M||Bennelong Funds Management||9.29%||Increasing|
|The Reject Shop||TRS||$279.4M||Wilson Asset Management||7.87%||Increasing|
|CV Check||CV1||$58.6M||Australian Ethical||13.22%||Increasing|
|Navarre Minerals||NML||$76.3M||Stephen Nordstrom||8.44%||Increasing|
|Nickel Mines||NIC||$3.3B||PT Karunia Bara Perkasa||15.05%||Increasing|
|AML3D||AL3||$53.1M||Perennial Value Management||10.13%||Increasing|
|Hillgrove Resources||HGO||$35.6M||FreePoint Metals||5.90%||Becoming|
|Hillgrove Resources||HGO||$35.6M||Acorn Capital||5.16%||Becoming|
|Experience Co||EXP||$125.1M||Thorney Opportunities||8.40%||Increasing|
|Sky and Space||SAS||TBC||Merchant Funds Management||5.13%||Becoming|
|Sky and Space||SAS||TBC||Thorney Opportunities||11.00%||Becoming|
|Bannerman Resources||BMN||$142.7M||Tribeca Investment Partners||6.26%||Becoming|
Satellite company Sky and Space Global (ASX:SAS) has been recapitalised and is seeking a relisting on the ASX. It has three new substantial holders, two of which contributed $2.2 million between them.
Two were Merchant Funds Management with a 5.13 per cent stake it bought for $700,000 and Thorney Investment Group (billionaire investor Alex Waislitz’s private vehicle) which has an 11 per cent stake for $1.5 million.
The third is new business partner Virgin Orbit which has a 16.13 per cent stake in it – issued without cash consideration, according to the document lodged with the ASX.
But Sky and Space remains in a race against the clock for relisting on the ASX. It is set to be delisted on April 8 if its suspension isn’t lifted on or before that date – two years from when it was suspended.
Among other trades, Wilson Asset Management kept chipping away at acquisition target amaysim (ASX:AYS), and now holds more than 53 per cent of the company.
|Company||Code||Market Cap||Holder||Current Stake||Status|
|Doctor Care Anywhere||DOC||$420.7M||Perennial Value Management||<5%||Ceasing|
|Veem||VEE||$107.9M||Perennial Value Management||13.12%||Decreasing|
|GrainCorp||GNC||$1.1B||Ethical Partners Funds Management||7.52%||Decreasing|
|Alterity Therapeutics||ATH||$93.8M||Regal Funds Management||8.87%||Decreasing|
|Shriro Holdings||SHM||$92.7M||Spheria Asset Management||<5%||Ceasing|
|Reckon||RKN||$98.6M||Australian Ethical Investment||<5%||Ceasing|
|Midway||MWY||$74.7M||ET & EW Murnane||<5%||Ceasing|
|Eureka||EGH||$108.1M||Naos Asset Management||16.78%||Decreasing|
|Cryosite||CTE||$9.8M||Cell Care Australia||18.55%||Decreasing|
|Vintage Energy||VEN||$36.2M||Regal Funds Management||10.62%||Decreasing|
|Nitro Software||NTO||$561.6M||Regal Funds Management||6.99%||Decreasing|
|Perpetual Resources||PEC||$40.6M||Regal Funds Management||7.13%||Decreasing|
|Aussie Broadband||ABB||$510.1M||John Reisinger||9.43%||Decreasing|
|Aussie Broadband||ABB||$510.1M||Phillip Britt||9.43%||Decreasing|
|EML Payments||EML||$1.8B||Retail Employees Superannuation||<5%||Ceasing|
|Ava Risk Group||AVA||$145.0M||Alkasab United Company||5.55%||Decreasing|
Video tech company Atomos (ASX:AMS) saw the family trust of co-founder Jeromy Young part with $10 million in shares. The company said the proceeds would help the family pay a tax bill and buy a house.
Other co-founders who sold down were John Reisinger and Phillip Britt of Aussie Broadband (ASX:ABB) who sold just over $4 million each off market to institutional investors – but both still own over 9 per cent each.
Speaking of sellers of recently listed stocks, Perennial Value Management ceased to be a substantial holder of Doctor Care Anywhere (ASX:DOC) and GTR Ventures sold $1 million of its stake in BikeExchange (ASX:BEX).