Director Transactions

Insider Trades: Directors bought and sold shares in these 5 ASX 200 stocks last week

Mon 06 Jan 25, 12:32pm (AEDT)
REIT 24 office CBD towers
Source: iStock

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 23 December 2024 and 2 January 2025. Directors have up to 5 business days to notify the ASX of their trades.

Top ASX 200 Insider Buys

Ticker

Company

Date

Director

Price

Value

WBC

Westpac

31/12/24

Andy Maguire

$32.40

$214,311

ARF

Arena REIT

24/12/24

Helen Thornton

$3.92

$35,161

ILU

Iluka Resources

27/12/24

Peter Smith

$4.89

$34,197

Interesting Takeaways

  • Not a whole lot. Westpac's Andy Maguire and Iluka's Peter Smith made their initial share purchases in December after joining the company's board in recent months.

Top ASX 200 Insider Sells

Ticker

Company

Date

Director

Price

Value

HVN

Harvey Norman

23/12/24

Kay Page

$4.73

$1,408,923

HVN

Harvey Norman

27/12/24

Kay Page

$4.73

$1,392,630

HVN

Harvey Norman

24/12/24

Kay Page

$4.76

$445,659

SCG

Scentre Group

23/12/24

Elliott Rusanow

$1.735

$173,500

SCG

Scentre Group

24/12/24

Elliott Rusanow

$3.50

$101,500

Interesting Takeaways

  • Harvey Norman CEO Kay Page has sold shares worth approximately $3.24 million since December 20, 2024, significantly exceeding the 250,908 shares she received through exercised options on January 2. The company's most recent update came at its November 27 AGM, which reported year-to-date sales revenue growth of 1.7% from July to October. In response, UBS analysts downgraded the stock to Neutral from Buy while maintaining a $5.00 target price, citing caution due to the company's product mix being weighted toward late-cycle consumer upturn categories. The analysts view the company's property portfolio as a key valuation support, with a gross asset value of $3.39 per share.

  • Scentre Group CEO Elliott Rusanow has sold $275,000 worth of shares across two transactions since December 23, following earlier sales totaling $692,000 on December 18 and 20, 2024. This marks his first share sale since becoming CEO in October 2022. The retail REIT enjoyed strong performance in 2024 with a 20.9% gain, driven largely by falling bond yields and increasing expectations of rate cuts. Morgan Stanley maintains an Overweight rating on the stock with a $4.35 target price as of November 26, 2024.

 

 

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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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