BSA Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ASX:BSA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
10 Nov 25	BuyAU$158,976	Ayers Capital Pty Ltd, Asset Management Arm	Company	1,259,234	AU$0.13
31 Oct 25	BuyAU$849,197	Ayers Capital Pty Ltd, Asset Management Arm	Company	7,250,000	AU$0.12
23 Sep 25	BuyAU$320,359	Daniel Raihani	Individual	2,500,000	AU$0.13
18 Sep 25	BuyAU$478,777	Daniel Raihani	Individual	3,300,000	AU$0.15
12 Sep 25	BuyAU$841,014	Daniel Raihani	Individual	7,700,000	AU$0.11
12 Sep 25	SellAU$632,991	Jeremy Raper	Individual	6,000,000	AU$0.11
30 Jul 25	SellAU$2,417,086	Naos Asset Management Limited	Company	22,701,685	AU$0.11
29 Jul 25	BuyAU$1,148,974	Katepip Investments Pty Ltd	Company	12,354,581	AU$0.093
04 Jul 25	SellAU$238,056	Naos Asset Management Limited	Company	1,650,017	AU$0.14
10 Dec 24	SellAU$2,862,598	Naos Asset Management Limited	Company	2,831,769	AU$1.01
10 Dec 24	SellAU$3,733,228	Lanyon Asset Management Pty Limited	Company	3,973,422	AU$0.94

Insider Trading Volume

Insider Buying: BSA insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BSA?
Owner Type	Number of Shares	Ownership Percentage
General Public	6,035,541	8.02%
Private Companies	16,663,687	22.1%
Institutions	21,288,815	28.3%
Individual Insiders	31,312,218	41.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 21 shareholders own 91.98% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.9%	Daniel Raihani	13,500,000	AU$1.8m	0%	no data
16.4%	Katepip Investments Pty Ltd	12,354,581	AU$1.7m	0%	no data
16.3%	Lanyon Asset Management Pty Limited	12,279,581	AU$1.7m	0%	33.02%
13.8%	Bruce Gordon	10,350,164	AU$1.4m	-13.9%	no data
11.3%	Ayers Capital Pty Ltd	8,509,234	AU$1.1m	0%	27.56%
5.58%	Jeremy Raper	4,203,122	AU$567.4k	0%	no data
1.99%	Gabriel Govinda	1,500,000	AU$202.5k	0%	no data
1.4%	Raylou Investments Pty Ltd	1,052,632	AU$142.1k	0%	no data
1%	Mark Bennett	750,000	AU$101.2k	0%	no data
0.89%	Snowball Asset Management Pty Ltd	666,667	AU$90.0k	0%	no data
0.87%	MSC Trustees	653,062	AU$88.2k	150%	no data
0.8%	Schoski Pty Ltd	600,000	AU$81.0k	0%	no data
0.79%	Nicholas Kelvin Yates	594,186	AU$80.2k	0%	no data
0.66%	TAG Family Foundation Pty Ltd	500,000	AU$67.5k	0%	89.33%
0.66%	Silversong Pty Ltd	500,000	AU$67.5k	0%	no data
0.58%	Emelwin Pty Ltd	436,745	AU$59.0k	0%	no data
0.53%	Vanace Pty Ltd	400,000	AU$54.0k	0%	no data
0.43%	Arno Becker	327,432	AU$44.2k	0%	no data
0.11%	Richard Bartley	84,890	AU$11.5k	0%	no data
0.0026%	Arjan Ameyde	1,960	AU$264.3	0%	no data
0.00062%	Warwick Sauer	464	AU$63.0	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/17 08:14
End of Day Share Price	2025/11/17 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BSA Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Warren Jeffries	Canaccord Genuity
Andrew Butterell	Shaw and Partners Limited