Insider Trades Summary: Week Ending 24 June 2025
Welcome to the latest edition of the Insider Trades Series—a weekly recap of significant ASX 200 director transactions exceeding $10,000. This report includes trades that occurred between 19 and 24 June 2025, noting that directors have a five-day window to report their trades to the ASX.
Overall, trading activity has been relatively subdued as the market stabilises around record highs, tempered by uncertainties surrounding the deadline for reciprocal tariffs initiated by former President Trump.
Notable ASX 200 Insider Transactions
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| MFF | MFF Capital Investments | 20/06/2025 | Christopher Mackay | Buy | $4.30 | $1,373,260 |
| PNI | Pinnacle Investment Management Group | 19/06/2025 | Deborah Beale | Sell | $19.75 | $592,554 |
| DDR | Dicker Data | 23/06/2025 | Vladimir Mitnovetski | Buy | $7.70 | $77,000 |
| RIO | Rio Tinto | 24/06/2025 | Susan Lloyd-Hurwitz | Buy | $103.80 | $39,859 |
| MAD | Mader Group | 20/06/2025 | Justin Nuich | Buy | $5.88 | $14,695 |
| TCL | Transurban Group | 24/06/2025 | Sarah Ryan | Buy | $14.50 | $14,500 |
Key Insights
-
Dicker Data: After the announcement of founder David Dicker’s departure, insider buying continues as the stock nears five-year lows following a prior $67 million sell-off. A disappointing trading update on 21 May flagged weaker margins amidst revenue growth. Nevertheless, the stock is stabilising around $8, with COO Vladimir Mitnovetski increasing his holdings over the preceding month. Most analysts are maintaining ‘Buy’ ratings; UBS has reaffirmed its stance despite the bleak update, indicating that the stock appears appealing at a 16x PE ratio for CY26, especially considering a potential recovery in the SMB sector spurred by interest rate cuts.
- Mader Group: CEO Justin Nuich purchased 2,500 shares last week, raising his stake to 859,960 shares. The company forecasts a FY25 net profit of "at least $57 million," up from $38.5 million in FY23. Despite this optimistic outlook, shares have remained stagnant since August 2023. Mixed results in the first half show record revenues, but the company is grappling with margin pressures due to challenges in the labour market and a 15% decline in North American revenues, which constitute about 20% of total sales.
Note: All other recorded transactions involved Non-Executive Directors, reflecting a cautious stance among insiders while the broader market navigates ongoing economic tensions.
