Insider Trades: Directors bought and sold shares in these 6 ASX 200 stocks last week
CEOs from REA Group and JB Hi-Fi offloaded shares at record highs while Incitec Pivot's largest shareholder purchased another parcel.
Source: iStock
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 and 9 and 15 November 2024. Directors have up to 5 business days to notify the ASX of their trades.
Top ASX 200 Insider Buys
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
Incitec Pivot | 12/11/24 | $3.01 | $4,817,214 | ||
Incitec Pivot | 13/11/24 | $2.99 | $200,129 | ||
Nine Entertainment Co | 11/11/24 | $1.13 | $49,500 | ||
Corporate Travel | 11/11/24 | $12.60 | $12,600 |
Interesting Takeaways
Incitec's Non-Executive Director John Ho is also the Founder and Chief Industrialist Investor of Janchor Partners, a global equities fund based in Hong Kong. Through Janchor's, he controls 173 million shares (9.15% ownership). Incitec's shares have risen 11.8% this year, buoyed by stabilising urea and ammonia prices. The company's FY24 results (November 11) showed:
EBITDA down 23.8% to $925 million
NPAT (excluding material items) down 31% to $401 million
Total FY24 dividend down 29% to 10.6 cents per share
While these numbers reflect substantial year-over-year declines, they exceeded market expectations, driven by strong performance in both Fertiliser and Explosives divisions. However, analysts have raised concerns about weak cash flow and Fertiliser division impairments. Looking ahead, the company maintains cautious optimism, with transformation benefits expected to materialize in FY26, though near-term challenges remain around Fertiliser separation and DNA headwinds.
Top ASX 200 Insider Sells
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
REA Group | 11/11/24 | $236.67 | $3,076,719 | ||
JB Hi-Fi | 11/11/24 | $81.84 | $531,948 | ||
REA Group | 15/11/24 | $247.82 | $495,634 | ||
Bendigo and Adelaide Bank | 14/11/24 | $12.58 | $314,500 |
Interesting Takeaways
REA Group CEO Owen Wilson has sold 15,000 shares worth $3.5 million, representing 16% of his holdings. He retains 78,874 shares valued at approximately $20 million. REA's stock price has climbed 38% year-to-date.
JB Hi-Fi CEO Terry Smart disposed of 6,500 shares ($531,948), a modest 3.3% of his overall stake in the company, leaving him with 186,973 shares. The company's stock has surged 71% this year, supported by strong earnings in both February and August.
