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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.
| Company | Code | Market Cap | Holder | Stake | Status |
|---|---|---|---|---|---|
| Kathmandu | KMD | $907.5M | Accident Compensation Corporation | 5.03% | Becoming |
| Connexion Telematics | CXZ | $13.5M | Vaighan Kent | 5.25% | Becoming |
| Canterbury Resources | CBY | $12.3M | African Energy Resources | 6.93% | Becoming |
| Yojee | YOJ | $224.4M | Thorney Opportunities | 8.32% | Increasing |
| Pacific Smiles Group | PSQ | $368.6M | MA Financial | 5.50% | Becoming |
| Jindalee Resources | JRL | $193.3M | Perennial | 7.09% | Increasing |
| 4D Medical | 4DX | $312.3M | Perennial | 6.76% | Increasing |
| MedAdvisor | MDR | $134.0M | Perennial | 14.92% | Increasing |
| Atomos | AMS | $333.2M | Regal Funds Management | 8.33% | Increasing |
| Aspen | APZ | $174.6M | Resolution Capital | 5.88% | Becoming |
| Lynch Group | LGL | $463.9M | Fidelity | 9.99% | Increasing |
| HRL Holdings | HNG | $41.2M | AustralianSuper | 10.90% | Increasing |
| Nobleoak Life | NOL | $176.2M | Magellan | 5.03% | Becoming |
| Smart Parking | SPZ | $84.4M | Microequities | 11.42% | Increasing |
| The Reject Shop | TRS | $229.6M | Bennelong Funds | 15.54% | Increasing |
| Aspen Group | APZ | $172.2M | Cooper Investors | 7.07% | Increasing |
| Viva Energy | VEA | $3.3B | Yarra Management | 5.00% | Becoming |
| Firefly Resources | FFR | $35.5M | Delphi | 6.41% | Increasing |
| RPM Global | RUL | $439.8M | Perennial | 8.03% | Increasing |
| 29Metals | 29M | $1.2B | AustralianSuper | 8.01% | Increasing |
| RPM Automotive | RPM | $44.3M | Collins St Value Fund | 6.25% | Becoming |
| Kip McGrath | KME | $56.9M | Regal Funds Management | 10.20% | Increasing |
| McMillan Shakespeare | MMS | $906.3M | L1 Capital | 5.93% | Becoming |
| Brookside Energy | BRK | $103.2M | Merchant Funds Management | 6.65% | Increasing |
| Baby Bunting | BBN | $690.5M | AustralianSuper | 12.57% | Increasing |
| Silk Laser | SLA | $212.2M | Wilson Asset MAnagement | 9.56% | Becoming |
The most notable trade came from Wilson Asset Management which became a substantial holder of Silk Laser (ASX:SLA).
Wilson bought a 9.56% share of the laser clinic operator, crossing the line with $7 million in purchases on August 27, just two days after its annual results.
Also making similar post-earnings season buys from companies with brick and mortar outlets were AustralianSuper, buying more of Baby Bunting (ASX:BBN), and Regal, topping up its stake in Kip McGrath Education Centres (ASX:KME).
MA Financial Group just became a substantial holder of dental outlet Pacific Smiles (ASX:PSQ) with a 5.5% stake.
Magellan Financial Group became a substantial holder of recent listed insurer Nobleoak Life (ASX:NOL), taking a stake of just over 5% that cost more than $9 million to accumulate.
There were also a handful of trades in the resources sector as well. One was in lithium stock Jindalee Resources (ASX:JRL) which saw Perennial increase its stake to just over 7%.
And 29Metals (ASX:29M) convinced AustralianSuper to up its shareholding to 8%.
Among small cap resources stocks, Delphi bought more of Tolga Kumova-backed gold play Firefly (ASX:FFR).
| Company | Code | Market Cap | Holder | Current Stake | Status |
|---|---|---|---|---|---|
| Santana Minerals | SMI | $12.6M | Regal Funds Management | 7% | Decreasing |
| Costa Group | CGC | $1.5B | ECP Asset Management | <5% | Ceasing |
| HRL Holdings | HNG | $41.2M | Perennial | 7.94% | Decreasing |
| PWR Holdings | PWH | $825.5M | Perpetual | 5.10% | Decreasing |
| AML3D | AL3 | $18.4M | Perennial | 8.20% | Decreasing |
| Corporate Travel MAnagement | CTM | $326.5M | Pherous Holdings | 12.79% | Decreasing |
| Janison | JAN | $195.4M | Perennial | 6.40% | Decreasing |
| Dicker Data | DDR | $2.2B | David Dicker | 33.60% | Decreasing |
There were only a handful of sales in the past week and just one that resulted in a shareholder going below the 5% mark.
That trade was ECP Asset Management cutting its stake in Costa Group (ASX:CGC).
Another trade came from Dicker Data’s (ASX:DDR) CEO David Dicker who sold over $42 million in shares but this was just 1.6% of the company’s shares on issue. He still holds over 33% of the company.
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