Insider Trades: Mining juniors dominate, Nib boss scoops another parcel of shares
Welcome back to the Insider Trades series – a summary of director transactions – those on-market trades valued above $10,000 – that have taken place between 19 and 23 June 2023.
Among ASX 200 companies, transactions meeting the above criteria were thin on the ground last week – perhaps the rapidly approaching end of the financial year is the cause.
Only a few large-cap director trades occurred last week – from inside health insurer Nib Holdings and a couple of listed investment vehicles run by Wilson Asset Management and Qualitas.
Because there were so few large-cap transactions, this week we’ve wrapped them in with the small-cap insider trades.
We only saw three sells, one of these the Nib transaction just mentioned.
The prevalence of small-cap resources companies in the transactions this week is notable, no fewer than 13 mining company directors making the list.
Top insider trades of last week
![Source: Market Index](https://assets.livewiremarkets.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBKzdEQnc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6e750e80fd6b3c2fa467c8edf682e7bcd44e11c8/Screenshot%202023-06-29%20at%2011.56.13%20am.png)
Nib Holdings (ASX: NHF)
The health insurer’s CEO and managing director Mark Fitzgibbon continued his sale of NHF stock, jettisoning another $44,000 worth of the stock on 21 June. This adds to the more than $500,000 worth of stock he sold last week, in two separate transactions.
![](https://assets.livewiremarkets.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBKy9EQnc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--37ca57080f557cc655ee1638ac1d7a45a65801f4/Screenshot%202023-06-29%20at%2011.24.24%20am.png)
KGL Resources (ASX: KGL)
One of only a few companies that saw multiple transactions last week was gold and copper hopeful KGL Resources. Over three consecutive days, non-executive director Jeffrey Gerard bought a total of $127,000 worth of the mining company’s stock.
KGL yesterday (28 June) announced the results of its phase one drilling program at the Jervois Copper Project in the Northern Territory.
![](https://assets.livewiremarkets.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL0REQnc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--38d34e35c13aa1c3b9ff78f4c331d481efa44b8a/Screenshot%202023-06-29%20at%2011.23.55%20am.png)
Coventry Group (ASX: CYG)
Another company with multiple director transactions was automotive parts and equipment distributor Coventry Group.
Non-executive directors Alex White and Neil Cathie sold $258,000 and $21,000 worth of stock last week.
![](https://assets.livewiremarkets.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL0hEQnc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--e5bc105be44e69fb980dfe30e432415bba18be70/Screenshot%202023-06-29%20at%2011.25.14%20am.png)
Lark Distilling (ASX: LRK)
The whisky maker made headlines recently as CEO Satya Sharma blamed declining consumer confidence for a drop in sales and a heavy share price drop at the company.
Chairman David Dearie seems to think investors’ thirst will return, however, buying more than $23,000 of Lark stock last Wednesday.
![](https://assets.livewiremarkets.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL3JEQnc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--1299a420f5e4441c481805a99acbe69483d297ca/Screenshot%202023-06-29%20at%2011.25.41%20am.png)
This article was originally published on Market Index on Thursday 29 June 2023.
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