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Updates from the Australian share market for the week ending 9/02/2020

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

Chart of the week

US jobs data showed private businesses in the US hired 291,000 workers in January, the most since May 2015. This easily beat market expectations of a 156,000 increase. Average hourly earnings were up 3.1% year on year, slightly above estimates of 3%.

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.

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 year, see the members section. 

Companies with two or more directors buying recently.

MFF Capital Investments (ASX: MFF) is a listed investment company which holds international and Australian stocks. MFF aims for a portfolio focussed on companies with attractive business characteristics (“Quality”) at discounts to their intrinsic values (“Value”).
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.
Tribune Resources (ASX: TBR) is a mineral exploration, development, and production company, with projects in Western Australia and Africa. TBR's current focus is on the exploration and development of the East Kundana JV Project in Western Australia.

The company announced an on-market buyback of up to 4.9 million shares, over twelve months.
Mosaic Brands (ASX: MOZ) is a fashion retailer with brands including Noni B, Rockmans, Millers, Katies and Rivers.

The company announced an on-market share buyback of up to 9,681,293 shares over twelve months.

The company is proposing to fund the share buyback from existing cash reserves.
Short positions
 
Shorting a stock is betting the price will decrease. See the full list of shorted stocks here. The member's section has 5 and 30 day changes in short sales. 

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

 

"An investment in knowledge pays the best interest" -  Benjamin Franklin

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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