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Updates from the Australian share market for the week ending 15/12/2019

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

Chart of the week
 

The nickel price looks to be trending up from 2016 lows. London Metals Exchange nickel inventories have declined sharply since highs in 2015 to sit at 11-year lows. The electric vehicle market continues to grow with nickel being a key ingredient in Lithium-Ion batteries.

Source: Trading Economics

Initial public offerings (IPOs)


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

Castille Resources is a mineral exploration company that has been spun-off by Westgold Resources.

thedocyard is an end-to-end workflow platform for deal making institutions such as law firms and investment banks.


Companies that commenced trading this week.

Betashares Diversified Growth ETF (ASX: DGG) will aim to provide investors with a broadly diversified portfolio consistent with a growth risk-return profile. The fund will aim for a long-term average target exposure of 30% in defensive assets and 70% in growth assets.

Betashares Diversified Balanced ETF (ASX: DBB) will aim to provide investors with a broadly diversified portfolio consistent with a balanced risk-return profile. The fund will aim for a long-term average target exposure of 50% in defensive assets and 50% in growth assets.

Betashares Diversified Conservative Income ETF (ASX: DZZ) will aim to provide investors with a broadly diversified portfolio, tilted towards income returns, consistent with a conservative risk-return profile. The fund will aim for a long-term average target exposure of 75% in defensive assets and 25% in growth assets.

Nuchev Limited (ASX: NUC) is working with in-market partners to deliver premium goat milk-based formula and nutritional products to consumers.

NUC raised approximately $48.6 million by the issue of 9,615,384 ordinary fully paid shares by NUC and the sale and transfer of 9,097,923 ordinary fully paid shares by Nuchev SaleCo Limited at an issue price of $2.60 per share.

The company listed on Monday opening at $3.40 and finished the week at $3.82.


Aerometrex Limited (ASX: AMX) is a professional aerial mapping business, specialising in aerial photography, photogrammetry, LiDAR, 3D modelling and aerial imagery subscription services.

AMX raised $25.0 million by the issue of 25,000,000 shares at an issue price of $1.00 per share.

The company listed on Tuesday opening at $2.00 and finished the week at $2.00.


Terragen Holdings Limited (ASX: TGH) is an Australian ag-biotech group whose core technology platform addresses animal health, animal nutrition, soil health and plan productivity without relying on chemical-based fertilisers, pesticides and antibiotics. Terragen develops, produces, and markets biological products.

TGH raised $20,000,000 by the issue of 80,000,000 shares at an issue price of $0.25 per share.

The company listed on Wednesday opening at $0.26 and finished the week at $0.195.


Nitro Software Limited (ASX: NTO) is a provider of PDF document software.

NTO raised approximately $110.2 million by the issue and transfer of 64,093,670 ordinary fully paid shares at A$1.72 per share.

The company listed on Wednesday opening at $1.65 and finished the week at $2.00.


M8 Sustainable (ASX: M8S) is a waste management and recycling business.

M8S raised $19,500,000 by the issue of 97,500,000 shares at an issue price of $0.20 per share.

The company listed on Wednesday opening at $0.20 and finished the week at $0.145.


Openlearning (ASX: OLL) is an online learning platform.

OLL raised $8,000,000 by the issue of 40,000,000 shares at an issue price of $0.20 per share.

The company listed on Thursday opening at $0.195 and finished the week at $0.165.


MoneyMe (ASX: MME) is an online consumer lender.

MME raised $45.0 million by the issue of 36,000,000 shares at an issue price of $1.25 per share.

The company listed on Thursday opening at $1.52 and finished the week at $1.60.

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.

Bank of Queensland (ASX: BOQ) is a regional bank engaged in retail banking, leasing finance and insurance products.
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.
Webjet (ASX: WEB)

“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty

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, DHG, EVN, FBR, FID, FRI, GGG, GOR, IRI, MGX, MNY, OZL, PRO, QIN, SF1, SFL, SRG

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