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Updates from the Australian share market for the week ending 3/05/2020

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

Chart of the week

The five largest companies in the S&P500 - Facebook, Apple, Amazon, Google and Microsoft, now account for 20% of the index. This exceeds the height of the dot-com bubble when the five largest companies accounted for 18% of the S&P500.
Initial public offerings (IPOs)

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

InteliCare Holdings (ASX: ICR) is an Internet of Things (IOT) platform for connecting with the elderly.

Companies that commenced trading this week.

No new companies.
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 two or more directors buying and no sells in the last 30 days, not mentioned in previous newsletters:
Santos Ltd (ASX: STO) operates in the exploration, development, production, transportation and marketing of hydrocarbons.
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 below table shows the top twenty most shorted stocks on the ASX. Data is lagged 5 days.

Highlighted companies are new entrants from last week.
Quote:
"First, the only certainty is that there is no certainty. Second, every decision, as a consequence, is a matter of weighing probabilities. Third, despite uncertainty we must decide and we must act. And lastly, we need to judge decisions not only on the results, but on how they were made." - Robert Rubin
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, SF1, SFL, SRG, SXE
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