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Australian share market updates for the week ending 20 December 2020

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Contents:
  • Chart of the week;
  • Upcoming and recent IPOs;
  • Director trades;
  • Buybacks; and
  • Short sales.
Chart of the week
 
This is the last newsletter of an eventful year. The website will continue to be updated over the Christmas period. Below is a chart of the ASX All Ordinaries over the year with some notable events. The index is about where it was at the start of the year, with seven trading days left.
Upcoming Initial public offerings (IPOs)

Companies that have recently applied to the ASX for listing. Click here for a full list of upcoming ASX IPOs.

OZAurum Ltd (ASX: OZM) was established to identify and explore, with a view to potentially developing, two gold projects in Western Australia.

Companies that commenced trading this week.

GenusPlus Group Ltd (ASX: GNP) is an end-to-end specialist service provider for essential power and telecommunications infrastructure.

GNP raised $32,810,397 by the sale of 34,177,497 shares at $0.96 per share.

The company listed on Monday opening at $1.00 and finished the week at $0.965.


Live Verdue Ltd (ASX: LV1) is an Australian plant based food, nutraceutical and skin care company which owns fast growing hemp consumer brand "13 Seeds", with Tasmanian hemp as its hero protein.

LV1 raised $5,000,000 by the issue of 25,000,000 shares at $0.20 per share.

The company listed on Monday opening at $0.25 and finished the week at $0.20.

Errawarra Resources Ltd (ASX: ERW) is focused on minerals exploration and developing a sulphate of potash project.

ERW raised $6,000,000 by the issue of 30,000,000 shares at $0.20 per share.


The company listed on Monday opening at $0.25 and finished the week at $0.205.

Sovereign Cloud Holdings Ltd (ASX: SOV) is an Australian sovereign cloud infrastructure as a service provider, exclusively focused on the Australian government, the Australian defence force and critical national industry communities.

SOV raised approximately $20 million by the issue of 26,666,666 ordinary fully paid shares at $0.75 per share.

The company listed on Monday opening at $1.15 and finished the week at $1.04.


Liberty Financial Group (ASX: LFG) is a diversified finance company. Its businesses include residential and commercial mortgages, motor vehicle finance, personal loans, business loans, broking services, general insurance, real estate and investments.

LFG raised $320.7 million by the sale of up to 53,450,120 ordinary fully paid stapled securities at $6.00 per stapled security.

The company listed on Tuesday opening at $6.70 and finished the week at $7.20.


Akora Resources Ltd (ASX: AKO) holds iron mineralisation tenements in Madagascar. The flagship project is the 100% owned Bekisopa–a high grade lump direct ship iron mineralisation prospect in south central Madagascar.

AKO raised $5,000,000 by the issue of 20,000,000 shares at $0.25 per share, together with 10,000,000 free-attaching unquoted options.

The company listed on Tuesday opening at $0.32 and finished the week at $0.365.

Silk Laser Australia Ltd (ASX: SLA) offers a range of non‑surgical aesthetic services. SILK’s five core offerings are laser hair removal, cosmetic injectables, skincare services, body contouring and fat reduction services. SLA also has its own brand of skincare products

SLA raised approximately $83.5 million by the issue of 24,215,254 fully paid ordinary shares at $3.45 per share.

The company listed on Tuesday opening at $3.65 and finished the week at $3.51.


Playside Studios Ltd (ASX: PLA) is a Melbourne based company, primarily focused on the development of mobile video games.

PLY raised $15,000,000 by the issue of 75,000,000 shares at $0.20 per share

The company listed on Thursday opening at $0.35 and finished the week at $0.26.


Westar Resources Ltd (ASX: WSR) intends to focus on exploration of its Western Australian projects, which are prospective for gold. 

WSR raised $5,000,000 by the issue of 25,000,000 shares at $0.20 per share.

The company listed on Thursday opening at $0.25 and finished the week at $0.245.


Desert Metals Ltd (ASX: DM1) owns a package of exploration licences on the northwest margin of the Yilgarn Craton of Western Australia. The primary target on the majority of the licences is nickel-copper hosted in massive sulphide accumulations.

DM1 raised $5,000,000 by the issue of 25,000,000 shares at $0.20 per share.


The company listed on Friday opening at $0.48 and finished the day at $0.52.

Cettire (ASX: CTT) is a global online retailer, offering a selection of in‑demand personal luxury goods via its website.

CTT raised $65,000,000 by the issue of 130,000,000 shares paid at $0.50 per share.

The company listed on Friday opening at $0.45 and finished the day at $0.50.
Director trades

Director buys can be a sign that those with the most insight into a company view its shares as undervalued. 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.
 
Click here to purchase a spreadsheet of on-market ASX director trades for the last six months.

Companies with two or more directors buying and no sells in the last 30 days, not mentioned in previous newsletters.
APN Property Group (ASX: APD) is a specialist real estate investment manager. The company actively manages commercial real estate funds on behalf of institutional and retail investors.
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 shares on issue so should increase the earnings per share, all else being equal. A company will usually buy shares back when they see them as good value.
 

Click here for the latest buyback announcements.

No new buybacks announced this week.
Short positions
 
Shorting a share is betting the price will decrease. It can pay to check short positions in a share you are considering purchasing.
 

Click here for a full list of shorted ASX shares.

The below table shows the twenty most shorted shares on the ASX. Data is lagged 4 days.

Highlighted companies are new entrants from last week.
Quote:
"There are huge dangers with computers. People calculate too much and think too little.” - Charlie Munger
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, BRV, CDX, CDXO, COL, CYP, DDR, DHG, EVN, EXR, FBR, FID, FRI, GGG, GOR, IGO, IRI, MGX, MNY, OZL, PRO, SBM, SRG, SXE, VXR, WSA, WTL
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