Director Transactions

Pssst! These are the ASX stocks company insiders are buying and selling

Mon 20 May 24, 3:53pm (AEST)
director transations
Source: Shutterstock

Key Points

  • With gold prices on the rise, directors scooped up shares in three gold companies this week
  • Hedge fund managers Rapheal Lamm and Mark Landau of L1 Capital put more money where their mouth is
  • The founders of racing and wagering data provider Ras Technology Holdings (RTH) sold a chunk of their holdings

Directors have access to the best information about their companies than any other market participant. They are, therefore, subject to very strict regulations relating to their trading in their companies’ shares.

We want our directors to have skin in the game. We want them to work as hard as possible towards growing the value of the company and our investment.

A director willingly going to the market to purchase more shares in the company at which they work is one of the most powerful signals investors can get about the health of that company.

At the same time, we have to respect that sometimes directors must sell to sensibly manage their personal financial affairs (such as the latest 7-Series BMW, or a new wing on the mansion!), and for founders, to de-risk their own portfolio which likely consists only of their founding holdings.

The latter was the case for the sale by Gary Crispe who sold $1.875 million worth of shares in racing and wagering data provider Ras Technology Holdings (ASX: RTH). According to the company’s media release following the sale, Mr Crispe still retains a 17.7% stake in the company.

bmw 7 series
Directors are only human, and what human director can resist the new BMW 7-Series?

And we should keep in mind that directors are only human – like us they can get their timing wrong! So automatically assume the buys in the list below are a precursor to a major share price surge.

But, generally, when directors do trade, particularly via the term used in ASX director interests notices of “On-market trade”, it’s worth taking note of. Compared to getting free performance shares from the company, this method of purchase involves digging into a director’s own pocket. The deeper the better.

Here are the most important director transactions on the ASX for last week:

Company

Date

Director

Type

Shares

Price

Value

Transaction Type

360 Capital Mortgage REIT (TCF)

16-May

Tony Pitt

Buy

23579

5.16

$121,667

On-market trade

Santana Minerals (SMI)

13-May

Peter Cook

Buy

100000

1.1

$110,000

On-market trade

Praemium (PPS)

15-May

Anthony Wamsteker

Buy

200000

0.44

$88,000

On-market trade

BSP Financial Group (BFL)

13-May

Robert Bradshaw

Buy

4350

16.81

$73,123

On-market trade

Ballymore Resources (BMR)

13-May

Andrew Greville

Buy

340000

0.152

$51,680

On-market trade

Cadence Opportunities Fund (CDO)

13-May

Karl Siegling

Buy

28314

1.727

$48,910

On-market trade

L1 Long Short Fund (LSF)

13-May

Raphael Lamm

Buy

14167

3

$42,501

On-market trade

L1 Long Short Fund (LSF)

13-May

Mark Landau

Buy

14167

3

$42,501

On-market trade

Fleetpartners Group (FPR)

15-May

Mark Blackburn

Buy

11940

3.35

$39,999

On-market trade

L1 Long Short Fund (LSF)

15-May

Mark Landau

Buy

12384

3.01

$37,275

On-market trade

The Market (MKT)

14-May

Bruce Rathie

Buy

200000

0.18

$36,011

On-market trade

Viva Energy Group (VEA)

13-May

Robert Hill

Buy

10000

3.435

$34,350

On-market trade

Viva Energy Group (VEA)

15-May

Nicola Wakefield Evans

Buy

10000

3.43

$34,300

On-market trade

Service Stream (SSM)

15-May

Sylvia Wiggins

Buy

24625

1.205

$29,673

On-market trade

L1 Long Short Fund (LSF)

14-May

Mark Landau

Buy

9444

3.03

$28,615

On-market trade

L1 Long Short Fund (LSF)

14-May

Raphael Lamm

Buy

9444

3.03

$28,615

On-market trade

360 Capital Mortgage REIT (TCF)

15-May

Tony Pitt

Buy

5167

5.15

$26,610

On-market trade

8COMMON (8CO)

14-May

Adrian Bunter

Buy

400000

0.031

$12,536

On-market trade

Great Divide Mining (GDM)

14-May

Adam Arkinstall

Buy

41422

0.266

$11,032

On-market trade

HELIX Resources (HLX)

13-May

Kylie Prendergast

Buy

2500000

0.004

$9,375

On-market trade

Impedimed (IPD)

14-May

Christine Emmanuel-Donnelly

Buy

100000

0.08

$8,000

On-market trade

Kingsland Minerals (KNG)

14-May

Nicholas Revell

Buy

30000

0.24

$7,200

On-market trade

BSP Financial Group (BFL)

13-May

Priscilla Kevin

Buy

300

16.81

$5,043

On-market trade

Ansell (ANN)

13-May

Nigel Garrard

Buy

1337

22.45

$30,015

Participation in SPP

Noble Helium (NHE)

14-May

Shaun Scott

Buy

333333

0.09

$30,000

Participation in SPP

Noble Helium (NHE)

14-May

Gregory (Geg) Columbus

Buy

222222

0.09

$20,000

Participation in SPP

Ansell (ANN)

13-May

Debra (Debbie) Goodin

Buy

286

22.448

$6,420

Participation in SPP

Calidus Resources (CAI)

15-May

David Reeves

Issued

869564

0.115

$99,999

Placement

Calidus Resources (CAI)

15-May

David Reeves

Issued

434765

0.12

$52,171

Placement

Kingston Resources (KSN)

15-May

Anthony Wehby

Issued

280709

0.065

$18,246

Rights issue

Kingston Resources (KSN)

15-May

Stuart Rechner

Issued

142378

0.065

$9,254

Rights issue

Kingston Resources (KSN)

15-May

Anthony Wehby

Issued

104518

0.065

$6,793

Rights issue

Ras Technology Holdings (RTH)

14-May

Gary Crispe

Sell

-1500000

1.25

$1,875,000

Block trade

Director transactions week ending 17 May 2024 (SPP = Share purchase plan)

360 Capital Mortgage REIT (ASX: TCF)

360 Capital Mortgage REIT (ASX-TCF) chart
360 Capital Mortgage REIT (TCF) chart

Company description: Provides investors access to fixed income and private credit investment opportunities across listed and unlisted issuers.

Director Transaction: Tony Pitt, +$121,667, On-Market Trade 


Santana Minerals (ASX: SMI)

Santana Minerals (ASX-SMI)
Santana Minerals (SMI) chart

Company description: Gold explorer and developer of the Bendigo-Ophir Project in New Zealand.

Director Transaction: Peter Cook, +$110,000, On-Market Trade 


L1 Long Short Fund (ASX: LSF)

L1 Long Short Fund (ASX-LSF)
L1 Long Short Fund (LSF) chart

Company description: A global investment manager with offices in Melbourne, Sydney, Miami and London. The company invests (both long and short) in predominantly Australian securities with the remaining exposure to global securities.

Director Transaction: Mark Landau, +$108,391, On-Market Trade; Raphael Lamm, +$71,116, On-Market Trade 


Praemium (ASX: PPS)

Praemium (ASX-PPS)
Praemium (PPS) chart

Company description: An investment platform catering to the high net worth (HNW) investor market. Servicing Private Wealth firms, intermediaries, and several global financial institutions.

Director Transaction: Anthony Wamsteker, +$88,000, On-Market Trade


BSP Financial Group (ASX: BFL)

BSP Financial Group (ASX-BFL)
BSP Financial Group (BFL) chart

Company description: A financial services provider in the South Pacific. BSP is a lender in PNG, the Solomon Islands, Tonga, the Cook Islands, Samoa and Fiji. It serves both retail and corporate customers, and provides non-banking services through BSP Life, BSP Capital and BSP Finance.

Director Transaction: Robert Bradshaw, +$73,123, On-Market Trade 

Ballymore Resources (ASX: BMR)

Ballymore Resources (ASX-BMR)
Ballymore Resources (BMR) chart

Company description: A Queensland-based exploration and development company featuring a portfolio of gold, silver, copper, lead, and zinc targets.

Director Transaction: Andrew Greville, +$51,680, On-Market Trade

Calidus Resources (ASX: CAI)

Calidus Resources (ASX-CAI)
Calidus Resources (CAI) chart

Company description: A gold exploration company that controls the Warrawoona Gold Project in the East Pilbara district of the Pilbara Goldfield in Western Australia.

Director Transaction: David Reeves, +$152,170, Placement (whilst not strictly an On-market trade, this director participated in the company’s placement, which still requires investing extra personal funds)

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.

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