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Updates from the Australian share market for the week ending 8/03/2020

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Contents: IPOs, director trades, buybacks and short sales for the week.

Chart of the week
 
China's NBS Manufacturing PMI fell to 35.7 in February, well below market expectations of 46, following disruption from the spread of the Coronavirus.
Initial public offerings (IPOs)

Companies that have recently applied to the ASX for listing. See the website for more details.

No new companies.

Companies that commenced trading this week.

ETFS FANG+ ETF (ASX: FANG) aims to provide investors with a return that (before fees and expenses) tracks the performance of the NYSE FANG+ Index.

Betashares S&P/ASX Australian Technology ETF (ASX: ATE) aims to provide an investment return that aims to track the performance of the S&P/ASX All Technology Index, before taking into account fees and expenses.

Insider trades

Insider trades are the purchase & sale of shares in a company by the company's directors. On-market and some off-market trades are counted. Knowledgeable “insiders” are the best placed to know what a share is really worth. One or two trades may not be significant, but a larger number by different directors can warrant further investigation.

See the website for more details, such as the price and quantity of shares bought. For a full list of director trades by company over the last six months, see the members section. 

Companies with four or more directors buying recently.
 
Oz Minerals (ASX: OZL) is an Australian based copper miner.
Buybacks
 
A buyback, also known as a repurchase, is the purchase by a company of a portion of its outstanding shares. This reduces the number of its shares on the open market and increases the Earnings Per Share (EPS) of the remaining shares, all else being equal. The company will usually buy shares back when they see them as good value. For the latest buyback announcements see the website.
No new buybacks announced.
Short positions
 
Shorting a stock is betting the price will decrease. See the full list of shorted stocks here. The member's section has Five Day and monthly changes in short sales. 

The below table shows the top twenty most shorted stocks on the ASX. Data is lagged 5 days.

"The explanation requiring the fewest assumptions is most likely to be correct." - William of Ockham

Please note the information contained in this newsletter does not constitute financial advice. Information relating to any securities mentioned is not a buy or sell recommendation. You should always conduct your own investigations and make up your own mind regarding any course of action you may wish to take. The information presented has been obtained from original and published sources believed to be reliable, but its accuracy cannot be guaranteed. The entire contents are copyright. Reproduction in whole or part is strictly forbidden without the approval of the author. This information is not financial advice and does not take into account your personal situation and we accept no responsibility for any claim, loss or damage as a result of the information in this newsletter or our website.

Sharp Investor owns ASX listed stocks: ACR, ARL, ALQ, CDX, CDXO, CGO, CYP, DHG, EVN, EXR, FBR, FID, FRI, GGG, GOR, IRI, MGX, MNY, OZL, PRO, QIN, SBM, SFL, SRG, SXE

 
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