Director Transactions

Insider Trades: 2 ASX directors selling into strength and buying into weakness

Mon 03 Feb 25, 10:28am (AEDT)
High-rise buildings in the financial district of the city, Shaoxing, China office
Source: Shutterstock

Welcome back to the Insider Trades Series – A weekly summary of on-market ASX director transactions valued at more than $10,000. The trades have all taken place between 22 and 30 January. Directors have up to 5 business days to notify the ASX of their trades.

The volume of ASX 200 director transactions has been non-existent ahead of February reporting season, as companies enforce blackout periods restricting directors from buying or selling stock before earnings announcements. This trend extends to smaller companies as well, with limited buying — even among explorers and those not reporting results in February.

For this week, we're observing all the transaction made between 22 and 30 January.

Top ASX Insider Buys

Code

Company

Date

Director

Price

Value

PLY

Playside Studios

30/01/25

Gerry Sakkas

$0.20

$20,165

TG1

Techgen Metals

24/01/25

Ashley Hood

$0.04

$17,370

NCC

Naos Emerging Opportunities Company

23/01/25

Sebastian Evans

$0.37

$8,979

NSC

Naos Small Cap Opportunities Company

23/01/25

Sebastian Evans

$0.43

$8,979

Playside CEO Buys the Dip

Shares in the video game developer tumbled 48% on Tuesday, 28 January after the company reported weaker-than-expected revenue for the first-half of FY25 and downgraded its full-year outlook. The key numbers include:

  • First-half FY25 revenue down 21% to $28.5m vs. $30m estimates (20% miss)

  • Full-year revenue guidance between $50-54m compared to prior guidance of $62-68m (20% downgrade)

  • Full-year EBITDA guidance between -$10m and -$6m compared to prior guidance of $0-5m

CEO Gerry Sakkas has stepped up with a small 100,000 parcel, representing the first insider buy since February 2024, when the stock was trading around 80 cents.

Top ASX 200 Insider Sells

Code

Company

Date

Director

Price

Value

CYL

Catalyst Metals

24/01/25

Robin Scrimgeour

$3.52

$263,703

CYL

Catalyst Metals

23/01/25

Robin Scrimgeour

$3.48

$260,652

CYL

Catalyst Metals

22/01/25

Robin Scrimgeour

$3.40

$272,013

CYL

Catalyst Metals

21/01/25

Robin Scrimgeour

$3.45

$274,477

Catalyst Metals' Non-Exec Selldown

Non-Executive Director Robin Scrimgeour has sold 309,499 shares worth over $1 million in company shares, marking the first insider sale since January 2022. The sale comes amid Catalyst's impressive performance as one of the standout gold stocks, with shares surging approximately 520% over the past twelve months.

The company maintains a strong position in the gold sector, operating two mines and controlling three Australian gold belts, with current annual production of 110,000 ounces. Looking ahead, Catalyst aims to significantly expand its operations, targeting annual gold production of 180-220,000 ounces by FY27 while reducing all-in sustaining costs from A$2,555 to A$2,000-2,200 per ounce.

While Scrimgeour's selldown might appear substantial, it's worth noting that he retains a significant stake in the company, still beneficially owning 10.1 million shares.

 

 

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Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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