Insider Trades: 4 ASX 200 directors bought shares last week
Another quiet week for director transaction volumes, likely weighed by Trump's looming tariff deadline and blackout trading periods.
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Mentioned
Welcome back to the Insider Trades Series – a weekly summary of on-market ASX 200 director transactions valued at more than $10,000. The trades have all taken place between 29 June and 2 July 2025. Directors have up to 5 business days to notify the ASX of their trades.
Transaction volumes among ASX directors were almost non-existent last week, likely driven by multiple factors, including:
Trump's reciprocal tariff deadline of July 9th (now extended to August 1st) is creating uncertainty for both specific companies and the broader market.
The market is hovering around record levels, with the ASX 200 hovering around record levels at a forward PE ratio of 18.9x, which may warrant some caution for directors.
The approaching August reporting season also means most companies are entering blackout trading periods, further restricting director activity.
Top ASX 200 Insider Trades
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Amplitude Energy | 30/6/25 | Buy | $0.20 | $129,365 | ||
Westgold Resources | 1/7/25 | Buy | $2.91 | $99,958 | ||
Aurizon Holdings | 30/6/25 | Buy | $3.02 | $9,966 | ||
Idp Education | 30/6/25 | Buy | $3.64 | $9,704 |
Key takeaways
All transactions were made by Non-Executive Directors.
Amplitude Energy shares are trading 8.5% higher year-to-date and up 20% over the past month, with recent momentum driven by strong operational updates. The company issued guidance in late May showing production tracking toward the top end of its 69-73 TJe/day range, while outlining long-term growth potential through its East Coast Supply Project that could push group production above 100 TJ/day and double revenues from FY24 levels.
Aurizon released FY25 earnings guidance on June 30th alongside a leadership restructure, with EBITDA coming in slightly below consensus. While the update removed near-term uncertainty, it confirmed softer profitability due to bad debt provisions and network under-recovery. Analysts viewed the result as largely expected, with attention now turning to the FY26 outlook. Sentiment remained balanced, with some broker viewing FY25 as a trough and highlighted valuation appeal, while others stayed cautious on medium-term coal and bulk risks. The street generally expects stronger FY26 earnings supported by stabilisation and cost control. Shares initially fell 2.7% but have since recovered to 5% from the June 26th announcement.
IDP Education continues to see directors accumulating around the $4 level following the stock's 48% single-day plunge on June 3rd. The selloff was triggered by management's warning that student placement volumes would fall 28-30% year-on-year in FY25, pushing EBIT guidance to $115-125 million or 25-30% below analyst expectations. While overall sentiment turned cautious with multiple downgrades reflecting execution risk and earnings uncertainty, some brokers argued the valuation now reflects a trough scenario, offering long-term upside if recovery materialises.
