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Director Transactions
/Insider Trades: Directors are offloading their shares as Aussie share market comes off the boil
Director Transactions
Insider Trades: Directors are offloading their shares as Aussie share market comes off the boil
By
Chris Conway
Thu 02 May 24, 10:17am (AEST)
Stocks in article
Key Points
- Wisetech's CEO and founder Richard White continues his regular sell down, but another director is buying
- Directors of Idp Education (ASX: IEL) appear to be buying the dip in the company's beleaguered share price
- Interestingly, as the broader Aussie share market starts to come off the boil, most director transactions are sells
Welcome back to the Insider Trades Series – A weekly summary of on-market ASX director transactions valued at more than $10,000. The trades have all taken place between 19 and 30 April 2024. Directors have up to 5 business days to notify the ASX of their trades.
WiseTech: Seasonal selldown
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
WTC | Wisetech Global Ltd | 24/04/2024 | Richard White | Sell | $88.79 | $18,489,540 |
WTC | Wisetech Global Ltd | 24/04/2024 | Maree Isaacs | Sell | $89.79 | $1,662,821 |
WTC | Wisetech Global Ltd | 19/04/2024 | Lisa Brock | Buy | $88.59 | $50,496 |
As noted in our previous update, Wisetech's CEO and founder Richard White has sold approximately $600 million worth of shares since 2020. He has the tendency to sell during the first and fourth quarter of every calendar year. Despite offloading what seems like a large portion of his ownership, he still owns approximately 39% of the company. The bottom line – big numbers – but nothing much to see here!
In any event, it seems fellow director Lisa Brock is doing her best to soak up some of the liquidity. Brock’s directorship became effective 1 February 2024. It’s always good for shareholders to see a director get some skin in the game so early in their tenure.
GDI Property Group: Adding to positions
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
GDI | GDI Property Group | 26/04/2024 | Patria Mann | Buy | $0.63 | $49,973 |
GDI | GDI Property Group | 24/04/2024 | Stephen Burns | Buy | $0.61 | $30,284 |
GDI | GDI Property Group | 26/04/2024 | Stephen Burns | Buy | $0.60 | $29,783 |
GDI Property Group (GDI) is an ASX listed property owner and fund manager. The company describes itself as an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing and syndication of office properties. GDI has two operating segments, property and funds management.
Director Stephen Geoffrey Burns has increased his holdings in the company with the acquisition of 100,000 stapled securities on-market for a total consideration of $60,067.
Idp Education: Buying on weakness
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
IEL | Idp Education Ltd | 24/04/2024 | Ariane Barker | Buy | $16.44 | $82,204 |
IEL | Idp Education Ltd | 24/04/2024 | Michelle Tredenick | Buy | $16.40 | $82,000 |
IEL | Idp Education Ltd | 19/04/2024 | Ariane Barker | Buy | $16.50 | $54,714 |
Research has shown that insiders are adept at buying when their stocks is “cheap”, and that they are far more likely to be buying towards 52-week lows than 52-week highs. The Idp Education (ASX: IEL) share price has been hammered over the past 12 months, falling from around $26, to sub $16 at last close. So then, does this scenario match the classic insiders buying near the lows phenomena? Time will tell!
IEL 1-year chart
Big hitters of note
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
BKW | Brickworks Ltd | 24/04/2024 | Lindsay Partridge | Sell | $27.13 | $2,713,000 |
VEA | Viva Energy Group Ltd | 23/04/2024 | Scott Wyatt | Sell | $3.58 | $1,789,213 |
RMS | Ramelius Resources Ltd | 24/04/2024 | Mark Zeptner | Sell | $2.11 | $1,459,071 |
VIT | Vitura Health Ltd | 23/04/2024 | Guy Headley | Sell | $0.11 | $1,100,000 |
VIT | Vitura Health Ltd | 29/04/2024 | Guy Headley | Sell | $0.11 | $385,000 |
IMU | Imugene Ltd | 19/04/2024 | Paul Hopper | Sell | $0.07 | $381,113 |
Most of the larger transactions in the period were sells, led by the managing director of Brickworks, Lindsay Partridge. Viva Energy CEO, Scott Wyatt – who has been with the company for more than three decades (Viva and Shell before it), also sold a sizeable parcel.
The remaining insider trades
Code | Company | Date | Director | Type | Price | Value |
TGP | 360 Capital Group | 19/04/2024 | Tony Pitt | Buy | $0.64 | $43,583 |
ALC | Alcidion Group Ltd | 23/04/2024 | Katrina (Kate) Doyle (Quirke) | Buy | $0.05 | $46,671 |
ALC | Alcidion Group Ltd | 26/04/2024 | Daniel Sharp | Buy | $0.05 | $13,070 |
APZ | Aspen Group | 19/04/2024 | Guy Farrands | Buy | $1.73 | $16,862 |
BKW | Brickworks Ltd | 24/04/2024 | Lindsay Partridge | Sell | $27.13 | $2,713,000 |
CDO | Cadence Opportunities Fund Ltd | 29/04/2024 | Karl Siegling | Buy | $1.79 | $53,768 |
CDO | Cadence Opportunities Fund Ltd | 23/04/2024 | Karl Siegling | Buy | $1.81 | $66,731 |
CTD | Corporate Travel Management Ltd | 24/04/2024 | Ewen Crouch | Buy | $15.08 | $22,620 |
DUR | Duratec Ltd | 24/04/2024 | Krista Bates | Buy | $4.53 | $85,998 |
DUR | Duratec Ltd | 24/04/2024 | Martin Brydon | Buy | $1.05 | $26,260 |
EVR | EV Resources Ltd | 29/04/2024 | Adrian Paul | Buy | $0.01 | $40,000 |
FSI | Flagship Investments Ltd | 23/04/2024 | Emmanuel (Manny) Pohl | Sell | $1.88 | $54,679 |
FSI | Flagship Investments Ltd | 23/04/2024 | Emmanuel (Manny) Pohl | Buy | $1.88 | $54,520 |
GDF | Garda Property Group | 24/04/2024 | Matthew Madsen | Buy | $1.21 | $121,000 |
IMU | Imugene Ltd | 19/04/2024 | Paul Hopper | Sell | $0.07 | $381,113 |
LSF | L1 Long Short Fund Ltd | 26/04/2024 | Mark Landau | Buy | $2.97 | $105,320 |
LSF | L1 Long Short Fund Ltd | 26/04/2024 | Raphael Lamm | Buy | $2.97 | $105,320 |
LSF | L1 Long Short Fund Ltd | 23/04/2024 | Mark Landau | Buy | $2.95 | $47,434 |
LSF | L1 Long Short Fund Ltd | 23/04/2024 | Raphael Lamm | Buy | $2.95 | $47,434 |
LSF | L1 Long Short Fund Ltd | 24/04/2024 | Mark Landau | Buy | $2.97 | $43,466 |
LSF | L1 Long Short Fund Ltd | 24/04/2024 | Raphael Lamm | Buy | $2.97 | $43,466 |
LSF | L1 Long Short Fund Ltd | 22/04/2024 | Raphael Lamm | Buy | $2.92 | $41,333 |
LSF | L1 Long Short Fund Ltd | 22/04/2024 | Mark Landau | Buy | $2.92 | $41,333 |
LSF | L1 Long Short Fund Ltd | 19/04/2024 | Raphael Lamm | Buy | $2.89 | $34,130 |
LSF | L1 Long Short Fund Ltd | 19/04/2024 | Mark Landau | Buy | $2.89 | $34,130 |
LSF | L1 Long Short Fund Ltd | 29/04/2024 | Mark Landau | Buy | $2.99 | $31,102 |
LPE | Locality Planning Energy Holdings Ltd | 30/04/2024 | Stanislav(Stan) Kolenc | Buy | $0.08 | $283,529 |
LPE | Locality Planning Energy Holdings Ltd | 29/04/2024 | Simon Tilley | Buy | $0.08 | $160,066 |
LPE | Locality Planning Energy Holdings Ltd | 24/04/2024 | Stanislav(Stan) Kolenc | Buy | $0.08 | $83,883 |
LPE | Locality Planning Energy Holdings Ltd | 29/04/2024 | Simon Tilley | Buy | $0.08 | $31,933 |
ORA | Orora Ltd | 19/04/2024 | Claude Tardy | Buy | $2.13 | $63,900 |
RMS | Ramelius Resources Ltd | 24/04/2024 | Mark Zeptner | Sell | $2.11 | $1,459,071 |
SKT | Sky Network Television Ltd | 26/04/2024 | Philip Bowman | Buy | $2.84 | $142,000 |
VIT | Vitura Health Ltd | 23/04/2024 | Guy Headley | Sell | $0.11 | $1,100,000 |
VIT | Vitura Health Ltd | 29/04/2024 | Guy Headley | Sell | $0.11 | $385,000 |
VEA | Viva Energy Group Ltd | 23/04/2024 | Scott Wyatt | Sell | $3.58 | $1,789,213 |
WGB | Wam Global Ltd | 19/04/2024 | Katherine (Kate) Thorley | Buy | $2.17 | $20,072 |
ZIP | ZIP Co Ltd | 19/04/2024 | Diane Smith-Gander | Buy | $1.13 | $30,524 |
Chris is the Managing Editor at Livewire Markets and Market Index. His passion is equity research, portfolio construction, and investment education. He is also very keen on the powerful processes that can help all investors identify great opportunities and outperform the market, and wants to bring them to life and share them with you.
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