Insider Trades Update – ASX 200 Transactions (22-28 August 2025)
The Insider Trades series resumes after a brief hiatus in August, when many large-cap companies observed trading restrictions during their earnings announcements. This report highlights significant on-market transactions by directors of ASX 200 companies, all exceeding the AUD 10,000 threshold.
Notable ASX 200 Insider Buys
Here are the top insider purchases recorded for the period:
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| BXB | Brambles | 25/08/25 | John Mullen | Buy | $26.63 | $495,298 |
| BSL | Bluescope Steel | 26/08/25 | Alistair Field | Buy | $22.85 | $149,905 |
| IAG | Insurance Australia Group | 22/08/25 | JoAnne Stephenson | Buy | $8.73 | $87,273 |
| ALQ | ALS | 26/08/25 | Siddhartha Kadia | Buy | $12.06 | $59,236 |
| TWE | Treasury Wine Estates | 27/08/25 | Garry Hounsell | Buy | $7.71 | $53,970 |
| EVT | EVT | 28/08/25 | Jenelle Webster | Buy | $13.97 | $48,904 |
| BEN | Bendigo and Adelaide Bank | 26/08/25 | Travis Dillon | Buy | $13.46 | $45,091 |
| GOZ | Growthpoint Properties | 25/08/25 | Tonianne Dwyer | Buy | $2.49 | $24,886 |
| ORG | Origin Energy | 26/08/25 | Nora Scheinkestel | Buy | $12.96 | $24,727 |
| PNI | Pinnacle | 25/08/25 | Deborah Beale | Buy | $21.50 | $21,500 |
Key Insights:
- Transactions were predominantly executed by Non-Executive directors.
- John Mullen, Chairman of Brambles, made headlines with a substantial purchase amidst the company’s strong FY25 performance that exceeded expectations. Despite a positive outlook, analysts remained cautious, noting the stock’s price-to-earnings ratio has climbed above historical averages.
- Alistair Field from Bluescope significantly increased his holdings, demonstrating confidence despite recent disappointing earnings results and modest forecasts.
Significant ASX 200 Insider Sells
The following table lists the noteworthy sales made by directors during the same timeframe:
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| HUB | Hub24 | 22/08/25 | Andrew Alcock | Sell | $106.59 | $45,456,691 |
| JBH | JB Hi-Fi | 22/08/25 | Terry Smart | Sell | $118.98 | $2,712,906 |
| NST | Northern Star Resources | 22/08/25 | Stuart Tonkin | Sell | $18.25 | $1,825,000 |
| BSL | Bluescope Steel | 27/08/25 | Mark Vassella | Sell | $23.14 | $1,658,923 |
Key Insights:
- Andrew Alcock, CEO of Hub24, executed a record sell-off, divesting a significant portion of his shares post-earnings announcement. Despite some volatility and an initial stock drop, analysts maintained a positive view on the company’s outlook due to its growth potential.
- Terry Smart and Stuart Tonkin, CEOs of JB Hi-Fi and Northern Star respectively, both made on-market sales shortly after receiving shares, suggesting strategic financial planning ahead of their forthcoming exits or major transitions.
In summary, this week’s insider activity reveals a mix of optimism and caution across different sectors, with notable purchases by directors signalling confidence in growth prospects, especially for companies like Brambles and those facing challenges, such as Bluescope Steel. Conversely, significant sales, particularly in Hub24 and JB Hi-Fi, indicate strategic positioning amidst corporate transitions.
