Director Transactions

Insider Trades: Directors bought shares in these 11 ASX companies last week

Tue 23 Jan 24, 4:36pm (AEDT)
Office building towers
Source: Shutterstock

Key Points

  • Advance Zinctek's major shareholder continues to accumulate shares amid an ongoing off-market takeover
  • Global Lithium saw insider buying despite the stock's downward spiral
  • Drone technology specialist Elsight saw three unique directors buy shares last week

Welcome back to the Insider Trades Series – A summary of on-market director transactions valued at more than $10,000 that have taken place between 10 and 19 January 2024.


Top ASX Insider Buys

Code

Company

Date

Director

Type

Price

Value

ANO

Advance Zinctek

19/01/24

Lev Mizikovsky

Buy

$1.05

$328,466

GL1

Global Lithium Resources

15/01/24

Dianmin Chen

Buy

$0.65

$162,500

MI6

Minerals 260

17/01/24

Emma Scotney

Buy

$0.29

$120,363

CKA

Cokal

17/01/24

Karan Bangur

Buy

$0.10

$50,000

FCG

Freedom Care Group

10/01/24

Keith Glennan

Buy

$0.18

$36,173

NVA

Nova Minerals Ltd

12/01/24

Craig Bentley

Buy

$0.34

$33,927

NVA

Nova Minerals

12/01/24

Craig Bentley

Buy

$0.34

$33,927

WBC

Westpac

11/01/24

Nora Scheinkestel

Buy

$23.09

$29,670

BHD

Benjamin Hornigold

15/01/24

Sulieman Ravell

Buy

$0.26

$25,500

NVA

Nova Minerals Ltd

15/01/24

Christopher Gerteisen

Buy

$0.34

$15,220

TRM

Truscott Mining

10/01/24

Peter Smith

Buy

$0.05

$11,470

WAM

WAM Capital

10/01/24

Philippa Ryan

Buy

$1.54

$10,051


Advance ZincTek manufactures zinc oxide and alumina for products used in a variety of applications such as cosmetics, sunscreens and paints. The company received an off-market takeover on 11 October 2023 at 97 cents per share from major shareholder, Mizikovsky Group. To add some perspective, ANO shares are down 53% in the past twelve months and trading at five year lows. The bid was later lifted to $1.05 per share on 11 December 2023. In the past few weeks, Mizikovsky has been aggressively accumulating shares.

Global Lithium Non-Executive Director Dianmin Chen is the only insider to have bought company shares in the past two years. But its been a little bit of an uphill battle.

  • November 2022: $92,300 at $2.31 per share

  • February 2023: $53,100 at $1.77 per share

  • October 2023: $242,000 at $1.21 per share

  • Last week: $162,500 at $0.65 per share


An Honourable Mention

Code

Company

Date

Director

Type

Price

Value

ELS

Elsight

15/01/24

Howard Digby

Buy

$0.45

$8,010

ELS

Elsight

10/01/24

David Furstenberg

Buy

$0.40

$7,525

ELS

Elsight

10/01/24

Ami Shafran

Buy

$0.40

$7,525


Elsight specialises in BVLOS (Beyond the Visual Line of Sight) connectivity for drones, UAVs and other unmanned systems on air and on land. Powered by its proprietary 6th sense technology, Halo provides connection confidence for OVLOS operations.

Three separate insiders transacted last week, including:

  • Non-Executive Director Howard Digby

  • Non-Executive Chairman Ami Shafran

  • Executive Director David Furstenberg

 

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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