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ASX 200 Insider Transactions Summary: 22-28 May 2025
Welcome back to the Insider Trades Series, where we spotlight the significant movements within ASX 200 director transactions valued above $10,000 for the week of 22 to 28 May 2025. Directors are required to report their trades to the ASX within five business days.
Notable Transactions
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| NST | Northern Star Resources | 23/05/25 | Stuart Tonkin | Sell | $20.27 | $4,054,000 |
| NUF | Nufarm | 23/05/25 | Gregory Hunt | Buy | $2.57 | $128,465 |
| S32 | South32 | 22/05/25 | Jane Nelson | Buy | $3.03 | $121,260 |
| CCP | Credit Corp Group | 27/05/25 | Sarah Brennan | Buy | $13.44 | $49,997 |
| ALL | Aristocrat Leisure | 22/05/25 | Natasha Chand | Buy | $60.66 | $42,459 |
| ARB | ARB Corporation | 28/05/25 | Shona Faber | Buy | $30.89 | $30,893 |
| ANZ | ANZ Group | 23/05/25 | Richard Gibb | Buy | $103.01 | $29,977 |
| ANZ | ANZ Group | 22/05/25 | Richard Gibb | Buy | $28.85 | $28,850 |
| WOR | Worley | 28/05/25 | Joseph Geagea | Buy | $13.01 | $26,020 |
| DDR | Dicker Data | 22/05/25 | Mary Stojcevski | Buy | $8.04 | $24,120 |
Key Insights
Northern Star Resources (NST)
Stuart Tonkin, the CEO of Northern Star, has been divesting shares since 2022, recently selling 200,000 shares for $4 million, which leaves him with 100,000 shares. This decision comes shortly after Northern Star’s strategic acquisition of De Grey Mining in early May, forecasted by Goldman Sachs to enhance their portfolio and double production growth from 5% to 10% over the FY25-FY30 period. While the stock has surged by 36% in 2023 and 47% in annual performance, Tonkin’s sell-off raises questions amidst a bullish gold price outlook and transformative company developments.
Nufarm (NUF)
Nufarm has endured a tumultuous experience, with its shares dropping 30% following disappointing half-year results for FY25, stemming from underperformance in the Seeds division and declining fish oil prices, alongside a significant $28 million inventory writedown. Amidst rising net debt and stressed balance sheets (net debt/EBITDA at 4.5x), analysts at Macquarie significantly lowered their forecasts, now projecting decreased earnings through FY27, prompting a target price drop from $4.11 to $3.20. Gregory Hunt, CEO, purchased shares at $2.56, but the stock is presently trading lower at $2.33, indicating a significant loss on his investment.
Dicker Data (DDR)
Mary Stojcevski, CFO of Dicker Data, acquired shares amid a 5.8% decline following a mixed trading update. Despite sales increasing by 17.4% to $1.11 billion, gross margins fell, affecting EBITDA and profit before tax, which saw negligible growth. Analysts at UBS remain optimistic about the company’s prospects, buoyed by the PC refresh cycle, although they’ve adjusted their predictions to account for the shift toward larger enterprise deals. The stock remains appealing at a 16x CY26 P/E, well below its historical average of 18x.
Conclusion
The recent insider transactions highlight diverse movements within the ASX 200 landscape, with significant sales and purchases occurring against a backdrop of fluctuating market conditions and company performances. Investors need to stay updated on these trends and be alerted to the strategic decisions executives are making in light of their companies’ futures.
