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Weekly Insider Trades Summary (6-11 June 2025)
In our latest edition of the Insider Trades Series, we present a detailed overview of the important on-market transactions by ASX 200 directors, each valued above $10,000, for the period between 6 and 11 June 2025. Directors are required to inform the Australian Securities Exchange (ASX) of their trading activities within five business days.
This week witnessed a notable decline in director trading activity, a trend observed since the announcement of Trump’s Liberation Day. A report by Bloomberg highlighted a concerning trend among U.S. executives, revealing that 778 insiders sold shares while only 200 bought, leading to a buy-to-sell ratio of 0.26—marking the lowest level since November when Trump’s re-election prompted an extended market rally.
Key ASX 200 Insider Transactions
| Code | Company | Date | Director | Action | Price | Value |
|---|---|---|---|---|---|---|
| NXT | NextDC Ltd | 10/06/25 | Gregory Clark | Sell | $13.88 | $208,200 |
| ELD | Elders Ltd | 06/06/25 | John Lloyd | Buy | $6.13 | $59,497 |
| SHV | Select Harvests Ltd | 11/06/25 | Margaret Zabel | Buy | $4.61 | $43,195 |
| SHV | Select Harvests Ltd | 11/06/25 | Paul van Heerwaarden | Buy | $4.56 | $40,647 |
Highlights from Insider Trades
NextDC Ltd (NXT)
Shares of NextDC experienced a 5.1% increase, reaching a near three-month high following a surge in contracted utilisation. Pro-forma utilisation jumped by 16MW (+7%) to 244MW since the last update on 6 May. Notably, their Malaysian data centre contributed significantly, leading to a record pro forma order book of 135MW as of 31 May, representing a 6.3% month-on-month increase. Non-Executive Director Gregory Clark sold 15,000 shares worth $208,200 during this upward trend, reducing his holding by 19.7%, leaving him with 61,039 shares.
Elders Ltd (ELD)
Elders has been facing challenges, with a 12% decline year-to-date largely attributed to disappointing first-half results announced on 26 May. Key figures from their report included:
- Revenue of $1.41bn, lagging behind estimates of $1.56bn (a 9.6% miss)
- NPAT increased significantly by 166% to $38.2m, but still underperformed estimates by 5.2%
- An unchanged interim dividend of 18 cents per share
Despite these results, CEO Mark Allison expressed optimism about seasonal improvements boosting sales, particularly in livestock, which partially offset the declines in rural product sales.
Select Harvests Ltd (SHV)
In breaking news, Select Harvests reported impressive first-half results driven by the early recognition of almond crop fair value. Key highlights included:
- A staggering EBITDA increase of 229% to $60.7m
- NPAT rebounding to $28.7m from a loss of $2.4m in the previous period
- A projected almond crop of 24-26,500Mt, down from 29.5Mt in FY24
Analysts have reacted positively to these developments, forecasting sustainable earnings growth for FY26, although some voiced concerns over the lack of near-term guidance due to the volatility associated with biological asset accounting. The stock has seen three non-executive purchases totalling approximately $170,000 in the past month, reflecting continued insider confidence.
Conclusion
In summary, the week was marked by low insider trading activity, yet significant moves were recorded from pivotal companies like NextDC, Elders, and Select Harvests. Each of these companies is navigating unique challenges and opportunities in the current market environment, leading to varying degrees of insider trading activity. As we continue to monitor these transactions, they can provide valuable insight into the future prospects of ASX-listed companies.
