ASX fund managers are buying return to office stocks (Image via Getty)
Trading Places: Who’s betting on return to office stocks?
News
share
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 |
|---|---|---|---|---|---|
| IDT Australia | IDT | $94.7M | One Funds Management | 11.67% | Increasing |
| Benjamin Hornigold | BHD | $8.2M | Glennon Capital | 19.99% | Increasing |
| Metallica Minerals | MLM | $23.9M | Ilwella | 19.99% | Increasing |
| VRX Silica | VRX | $125.1M | Delphi | 6.08% | Increasing |
| Healius | HLS | $3.0B | Vinva Investment Management | 5.07% | Becoming |
| Nobleoak Life | NOL | $166.6M | Ethical Partners Funds Management | 5.67% | Becoming |
| Allegience Coal | AHQ | $203.4M | Regal Funds Management | 6.25% | Increasing |
| Betmakers | BET | $796.5M | Paradice Investment Management | 5.21% | Becoming |
| Pureprofile | PPL | $31.7M | Jencay Capital | 8.39% | Increasing |
| Sky Network Television | SKT | $288.2M | Accident Compensation Corporation | 9.39% | Increasing |
| Sigma Healthcare | SIG | $641.0M | Allan Gray | 10.15% | Increasing |
| BWX | BWX | $723.5M | Regal Funds Management | 5.04% | Becoming |
| Duketon Mining | DKM | $42.3M | Harman Family | 18.49% | Increasing |
| Strickland Metals | STK | $41.8M | L11 Capital (Gascoyne Family) | 6.15% | Increasing |
| Metgasco | MEL | $20.2M | Glennon Capital | 7.11% | Becoming |
| Cycliq Group | CYQ | $8.1M | Jason Peterson | 6.49% | Becoming |
| NewPeak Metals | NPM | $13.6M | Neil Stuart | 6.95% | Increasing |
| Urbanise | UBN | $77.3M | Naos Asset Management | 9.04% | Increasing |
| Syntonic | SYT | Suspended | Jason Peterson | 5.88% | Becoming |
| Patrys | PAB | $81.9M | Mason Stevens | 6.26% | Increasing |
| PVW Resources | PVW | $11.8M | Jason Peterson | 6.85% | Becoming |
| Capricorn Metals | CMM | $785.4M | Clark Family Trust | 5.99% | Becoming |
| Nova Eye Medical | EYE | $45.6M | Australian Ethical | 19.20% | Increasing |
| TerraCom | TER | $94.5M | Javelin Global Commodities | 8.53% | Becoming |
| Emperor Energy | EMP | $5.4M | Carl Dumbrell | 5.41% | Increasing |
| SRG Global | SRG | $250.6M | Perennial | 14.99% | Increasing |
| Jindalee Resource | JRL | $144.2M | Perennial | 6.07% | Increasing |
| Valmec | VMX | $49.7M | Harvest Lane Asset Management | 5.20% | Becoming |
| Jayride | JAY | $31.3M | Acorn Capital | 8.76% | Becoming |
| Prominence Energy | PRM | $10.2M | David Neate | 17.28% | Increasing |
| Oventus Medical | OVN | $24.6M | Thorney Opportunities | 19.90% | Increasing |
| Syrah Resources | SYR | $24.6M | Paradice Investment Management | 9.01% | Increasing |
| Toro Energy | TOE | $52.1M | Sentient | 19.91% | Increasing |
| Doctor Care Anywhere | DOC | $256.6M | Perennial | 11.75% | Increasing |
| Micro-X | MX1 | $144.8M | Perennial | 13.50% | Increasing |
| Pivotal Systems | PVS | $171.8M | Viburnum Funds | 16.42% | Increasing |
| Mighty Craft | MCL | $88.7M | Christopher Malcolm | 5.17% | Increasing |
| ArchTIS | AR9 | $86.3M | Kurt Mueffelmann | 7.62% | Increasing |
| K2Fly | K2F | $33.9M | Tribeca | 6.68% | Increasing |
| 8Common | 8CO | $41.1M | Microequities | 9.73% | Increasing |
| ServCorp | SRV | $309.8M | Fidelity | 9.57% | Increasing |
| Immutep | IMU | $1.5B | Fidelity | 6.21% | Becoming |
| Lumos Diagnostics | LDX | $186.9M | Perennial | 9.14% | Increasing |
| Propell Holdings | PHL | $9.4M | Adman Lanes | 10.04% | Increasing |
| Charger Metals | CHR | $9.0M | Lind Partners | 7.34% | Becoming |
| Caspin Resources | CPN | $60.6M | Tinci | 7.55% | Increasing |
| Firefly Resources | FFR | $35.3M | Delphi | 5.33% | Increasing |
| Athena Resources | AHN | TBD | Edmond Edwards | 16.06% | Increasing |
| Rural Funds | RFF | $918.7M | Argo Investments | 5.04% | Becoming |
| Saferoads | SRH | $8.1M | Cimteck Super | 11.58% | Increasing |
| Firstwave Cloud Technology | FCT | $49.4M | Perennial | 14.99% | Increasing |
One of the worst hit sectors is serviced offices generally as people shifted to working from home. But Fidelity recently tipped up its stake in one ASX-listed company, ServCorp (ASX:SRV), to 9.57%.
The company’s last financial update was at its half-yearly results in February. It said when the pandemic ends “flexible workspaces will be more important than ever”.
On the theme of returning to normality more generally, Saferoads (ASX:SRH), a company that makes road safety equipment also had a substantial shareholder top up its holdings – Cimteck Super now holds 11.58%.
And transport company Jayride (ASX:JAY) welcomed Acorn Capital as substantial shareholder taking an 8.76% stake for approximately $2.5 million.
Elsewhere on the bourse, Betmakers (ASX:BET) welcomed Paradice Investment Management which accumulated a stake of just over 5% (accumulated through $13 million of trades since March) by July 22 and then paid another $9 million to reach over 6.2%.
Perennial increased its holdings in a number of health stocks including Lumos Diagnostics (ASX:LDX), Doctor Care Anywhere (ASX:DOC) and Micro-X (ASX:MX1).
Notable resources trades included Paradice buying more of Syrah Resources (ASX:SYR) and Delphi upping its stake in Firefly Resources (ASX:FFR).
Sellers
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Empired | EPD | $210.0M | Australian Ethical | 9% | Decreasing |
| Kaiser Reef | KAU | $25.2M | Regal Funds Management | 7.29% | Decreasing |
| Keytone Dairy | KTD | $37.0M | Bergen Asset Management | 13.13% | Decreasing |
| Kogan | KGN | $1.1B | Fidelity | 6.98% | Decreasing |
| Veem | VEE | $158.6M | Perennial | 11.78% | Decreasing |
| Yandal Resources | YRL | $47.7M | Michael Ruane | <5% | Ceasing |
| Temple & Webster | TPW | $1.5B | Kinderhook | 11.80% | Decreasing |
| Lynas Rare Earths | LYC | $6.7B | Ausbil | 6.78% | Decreasing |
| Schrole Group | SCL | $15.7M | Capital H Management | 8.90% | Decreasing |
| Micro-X | MX1 | $140.2M | Regal Funds Management | 8.93% | Decreasing |
| Mighty Kingdom | MKL | $13.0M | Regal Funds Management | 9.83% | Decreasing |
| Hub24 | HUB | $1.7B | Pinnacle | 5.90% | Decreasing |
| Kogan | KGN | $1.1B | Fidelity | <5% | Ceasing |
| Austin Engineering | ANG | $95.7M | Perennial | 11.39% | Decreasing |
| MoneyMe | MME | $401.2M | Perennial | 11.72% | Decreasing |
| Elmore | ELE | $15.4M | First Samuel | 9.96% | Decreasing |
| Audinate | AD8 | $758.2M | Smallco | 6.60% | Decreasing |
| Empired | EPD | $209.2M | Microequities | 15.33% | Decreasing |
High-flying retailers Kogan (ASX:KGN) and Temple & Webster (ASX:TPW) saw sales by substantial shareholders Fidelity and Kinderhook respectively with the latter being a US investment fund.
Sales by Regal Funds Management included games developer Mighty Kingdom (ASX:MKL) and portable X-ray maker Micro-X (ASX:MX1).
Perennial meanwhile sold Austin Engineering (ASX:ANG) and Veem (ASX:VEE).
share
Featured Companies
- ASX: LDX Lumos Diagnostics
- ASX: MKL Mighty Kingdom
- ASX: DOC Doctor Care Anywhere Group PLC
- ASX: VEE Veem
- ASX: FFR FireFly Resources
- ASX: BET Betmakers Technology Group
- ASX: JAY Jayride
- ASX: SRH Saferoads
- ASX: SRV Servcorp
- ASX: MX1 Micro X
- ASX: ANG Austin Engineering
- ASX: KGN Kogan
- ASX: SYR Syrah Resources
