Table of Contents
Insider Trades Report: ASX 200 Director Transactions (May 12 – 15, 2025)
Overview
Welcome to this week’s edition of the Insider Trades Series. This report highlights key on-market transactions by directors of ASX 200 companies, covering trades valued at over $10,000 during the period from 12 to 15 May 2025. Directors have a notification window of five business days to report their transactions to the ASX.
Notable Insider Buys
| Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
| DNL | Dyno Nobel | 13/05/25 | Gregory Robinson | $2.64 | $100,225 |
| ZIP | Zip | 13/05/25 | Andrew Stevens | $2.10 | $98,700 |
| QBE | QBE Insurance | 12/05/25 | Michael Wilkins | $22.38 | $34,151 |
| ILU | Iluka Resources | 14/05/25 | Peter Smith | $4.14 | $30,067 |
| QBE | QBE Insurance | 12/05/25 | Kathryn Lisson | $22.38 | $14,770 |
| QBE | QBE Insurance | 12/05/25 | Peter Wilson | $22.38 | $14,770 |
| QBE | QBE Insurance | 12/05/25 | Penny James | $22.38 | $14,770 |
| QBE | QBE Insurance | 12/05/25 | Tan Le | $22.38 | $14,569 |
| QBE | QBE Insurance | 12/05/25 | Neil Maidment | $22.38 | $11,324 |
| QBE | QBE Insurance | 12/05/25 | Stephen Ferguson | $22.38 | $10,764 |
Executive Insights
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Dyno Nobel: Non-Executive Chairman Gregory Robinson increased his stake by purchasing 38,000 shares, bringing his total to 217,000 shares, representing a 21.2% rise. The company released its first-half results shortly before, which slightly surpassed market expectations, bolstered by reduced corporate costs, although operational inconsistencies were noted. The successful sale of significant fertiliser assets signals a strategic pivot toward explosives, despite some analysts questioning the valuations achieved.
- QBE Insurance: Noteworthy activity included several small purchases by seven directors, including Non-Executive Chairman Michael Wilkins. In alignment with their Director’s Share Acquisition Plan, these transactions are designed to align directors’ interests with those of shareholders. On 12 May, QBE announced a first-quarter performance that marginally exceeded projections, driven by robust gross written premium (GWP) growth alongside stable investment income, prompting some analysts to adjust their forecasts positively. Management reiterated full-year targets aiming for mid-single-digit GWP growth.
Notable Insider Sells
| Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
| SNL | Supply Network | 12/05/25 | Peter McKenzie | $39.97 | $4,085,733 |
| LTR | Liontown Resources | 15/05/25 | Timothy Goyder | $0.77 | $1,538,112 |
Executive Insights
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Supply Network: Director Peter McKenzie has been active in liquidating some of his shares, although he continues to hold a significant 6.5 million shares, representing approximately 15% of the company.
- Liontown Resources: Timothy Goyder has recently sold shares following a substantial 63% price increase from May 1 to May 15, when the stock peaked at 81 cents. While his sell-down of 2 million shares is noteworthy, it constitutes just 0.59% of his total holding of 333 million shares.
Conclusion
This week’s trading activity reflects a mix of confidence from some directors in their companies’ performance, particularly in Dyno Nobel and QBE Insurance, contrasted with significant divestments by directors at Supply Network and Liontown Resources. The ongoing trends offer insights into the directors’ sentiments regarding their respective businesses and the broader market conditions.
For investors, monitoring these insider transactions can provide a valuable perspective on potential market movements and company strategies.
