Insider Trades: 14 director buys including a Geoff Wilson spree (and 3 sells)!
Market Index’s Director Transactions scan is one of the website’s most popular investor tools, the appeal of which rests on the logic that if a company director is buying (or selling) shares, then it’s with good reason.
After all, who has a better understanding of a business and its future growth prospects than those involved in running it? The latest of these weekly articles, covering 8-12 May, found several interesting insights including purchases of WAR by Geoff Wilson, an Eagers director’s multi-million-dollar stock sale, and some Macquarie director transactions.
Click here to read more.
Across markets…
Australian shares are set to open higher as investors turned to tech stocks at the start of a second week of uncertainty on Wall Street. Brinkmanship over the US debt ceiling continues to plague markets.
ASX futures were up 11 points or +0.1 % to 7,294 near 3.22am AEST
- On Wall St: Dow -0.4% S&P 500 +0.1% Nasdaq +0.4%
- In New York: BHP flat Rio -0.5% Atlassian +8.1%
- Tesla +3.1% Apple -0.5% Amazon -1.1%
The local currency -0.1% to 66.47 US cents
On bitstamp.net, bitcoin was -0.4% to $US26,800 near 3.19am AEST
The yield on the US 10-year note was up 3 basis points to 3.71%
On Wall Street, indexes inched upward after a stalled start. The Nasdaq 100 advanced, even with chipmakers under pressure, and surpassed a 52-week high.
“There is a lot of showmanship around the debt ceiling,” said Sarah Hewin, senior economist at Standard Chartered. “The closer we get to June 1 without a resolution, the greater the risk of an accident so there is a lot of potential for markets to get concerned.”
In the meantime, tech is one beneficiary of the uncertainty. Elyse Ausenbaugh, a global investment strategist at JPMorgan Wealth Management, said mega-cap tech already “went through that phase of retrenching and refocusing their businesses, and so investors are starting to gravitate there.”
The debt ceiling is “all-consuming now,” wrote Chris Low, chief economist at FHN Financial. “But when Congress raises it, attention will return to the economy and the Fed.”
Source: AFR
Investors, including new substantial international investor Virtue Investment Corporation, have demonstrated their confidence inWidgie by subscribing for $12m worth of shares priced at 26c.
Following settlement of the placement, VIC – a subsidiary of Ascend Global Investment Fund SPC – will hold a 9.9% interest in the company by investing in $7.66m worth of shares.
Ascend Global Investment Fund SPC itself is managed by Singapore- incorporated Ascend Capital Advisors, which has assets under management of US$1.2bn as of December 2022.
Widgie Nickel (ASX:WIN) also received strong support from other new and existing institutional and sophisticated investors.
“We are delighted with the support for the placement and the addition of a number of new highly credentialed investors, including VIC, to the register,” managing director Steve Norregaard said.
“We look forward to putting these funds to work with several exciting advancements in train including commercialisation of our nickel and recently discovered lithium endowment and ongoing exploration activities on our highly prospective Mt Edwards project tenure.”
VIC director Mulyadi Tjandra added that the corporation saw tremendous value in Widgie and looked forward to being a part of the development of Mt Edwards.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.215 +2.38%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.215 +2.38%
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.027 +3.85%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.01 -9.09%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.017 +13.33%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.0155 -3.12%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.065 Unchanged
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.315 -4.55%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.007 -22.22%
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.042 Unchanged
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.014 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.035 +16.67%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.96 +2.13%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.048 Unchanged
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 -14.29%
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.046 -2.13%
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.065 -7.14%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.006 +20.00%
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.018 -5.26%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
