Updates from the Australian share market for the week ending 12/01/2020

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

Chart of the week

Australia's trade balance recorded its 23rd consecutive month of surplus (total value of exports > total value of imports) in November. A surplus of $5.8 billion was recorded, an increase of $1,725m on October’s surplus. Stronger iron ore, coal and LNG helped push exports higher, while imports were down 3%.

Source: Trading Economics

Initial public offerings (IPOs)

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

ARMnet provides a customer relationship management and workflow platform for financial services companies.

Little Green Pharma is a manufacturer of pharmaceutical grade medicinal cannabis products.

Companies that commenced trading this week.

No new companies commenced trading.

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 at least three different directors buying recently.

Jumbo Interactive (ASX: JIN) is a digital retailer of both national jackpot lotteries and charity lotteries.
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
Latest article: Doing the opposite

Human beings’ natural instincts are not conducive to investing. Investing is about reason and logic.
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 Year to Date changes in short sales. 

The below table shows the top twenty most shorted stocks on the ASX. Data is lagged 5 days.
Nufarm (ASX: NUF)
Investing isn’t about beating others at their game. It's about controlling yourself at your own game.” - Benjamin Graham

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, ALQ, CDX, CDXO, CGO, CYP, DHG, EVN, EXR, FBR, FID, FRI, GGG, GOR, IRI, MGX, MNY, OZL, PRO, QIN, SBM, SF1, SFL, SRG

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