Weekly Insider Trades Summary (ASX 200)
Welcome to the Insider Trades Series, where we provide a weekly recap of key transactions by directors within the ASX 200, specifically those exceeding $10,000. The following transactions occurred between 8-16 July 2025, noting that directors have a timeframe of up to five business days to disclose their trades to the Australian Securities Exchange (ASX).
As the August reporting season approaches, many companies have entered blackout trading periods, which limits director transaction activity. This has resulted in only four notable trades last week, all from firms reporting results on an off-cycle timetable, outside of the expected August window.
Key ASX 200 Insider Trades
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| ALL | Aristocrat Leisure | 15/07/25 | Trevor Croker | Sell | $67.49 | $2,349,544 |
| EMR | Emerald Resources | 15/07/25 | Michael Evans | Sell | $3.68 | $2,208,071 |
| CAT | Catapult Group International | 10/07/25 | Willians Lopes | Sell | $5.89 | $2,134,753 |
| ALL | Aristocrat Leisure | 11/07/25 | Trevor Croker | Sell | $67.64 | $1,764,748 |
| ALL | Aristocrat Leisure | 14/07/25 | Trevor Croker | Sell | $67.05 | $1,164,660 |
Insights
Aristocrat Leisure:
CEO Trevor Croker sold approximately 78,100 shares, amounting to around AUD 5.3 million over three transactions within the week. These trades followed a lacklustre half-year report released in May, which led to an 8.8% decline in share price due to lower-than-expected earnings, primarily influenced by sluggish performance in the Gaming sector and increased corporate expenses. Despite these challenges, management has retained their full-year NPATA growth guidance, anticipating a rebound in the second half of the year. The share price has mostly recuperated post-selloff.
Emerald Resources:
Michael Evans, the Executive Director, exercised one million options at AUD 0.67, selling 600,000 shares thereafter at AUD 3.68 each. Emerald operates the Okvau Gold Deposit in Cambodia and is actively pursuing other potential projects. The company has reaffirmed its FY25 guidance, supported by a robust balance sheet without debt and adequate funding to meet a 300,000 oz per annum production goal over the next year and a half. This transaction aligns with the typical behaviour of insiders who often exercise options and subsequently liquidate part of their holdings.
Catapult Group International:
CEO Willians Lopes capitalised on a strong market position, selling 362,634 shares—around 18% of his ownership—after the company posted a solid FY25 result in May that surpassed expectations across various metrics, including EBITDA and free cash flow. Despite slightly lower annualised contract value (ACV) due to currency challenges and exiting the Russian market, analysts expressed optimism regarding the business’s solid execution and improved financial stability. Noteworthy is the margin expansion driven by operational leverage, effective cost management, and higher contribution margins, with positive reaction to strong free cash flow performance demonstrating the company’s scalable business model.
In conclusion, while the blackout trading period has limited insider transactions, the activities recorded provide useful insights into companies’ performances and executives’ confidence in their respective organisational directions.
