Newsletter – 28 February 2021

Australian share market updates for the week ending 28 February 2021

Add this email to your trusted contacts to ensure images display correctly.

Contents:

  • Chart of the week;
  • Upcoming and recent IPOs;
  • Director trades;
  • Buybacks; and
  • Short sales.

Chart of the week

The Australian Government 10-year bond yield has risen sharply as investors look to riskier assets on vaccine rollouts and further signs the economy is strengthening. Expectations of inflation are also lowering demand for long duration bonds.

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.

TechGen Metals Ltd (ASX: TG1) is a junior explorer with prospective gold and copper exploration projects located in the Yilgarn Craton, Paterson Orogen and Ashburton Basin in Western Australia.

Tulla Resources (ASX: TUL) is raising funds to develop its 50% interest in the Central Norseman gold project in Western Australia.

Companies that commenced trading this week.

Betashares Cloud Computing ETF (ASX: CLDD) aims to provide an investment return that tracks the total return performance of the Indxx Global Cloud Computing Index.

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.

Integrated Research Ltd (ASX: IRI) provides insights, monitoring and support systems that keep payment hubs, unified communications ecosystems and contact centres running as they should.

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 increases 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.

PTB Group Ltd (ASX: PTB) is a specialist engine workshop and sales facility located near the Brisbane Airport. It offers tailored solutions and specialises in PT6A series engines and TPE331 series engines.

PTB will buy back up to 5 million shares (4% of issue) on-market for an unlimited duration.

Smart Parking Ltd (ASX: SPZ) provides intelligent parking sensors and integrated smart parking services.

SPZ intends to buy back 3.9 million shares (10% of issue) on-market over twelve months.

Growthpoint Properties Ltd (ASX: GOZ) owns interests in a portfolio of 58 office and industrial properties throughout Australia

GOZ intends to buy back up to 19 million shares (2.5% of issue) on-market over twelve months.

Dalrymple Bay Infrastructure Ltd (ASX: DBI) is an infrastructure company that owns a 100% interest in the 99 years lease of the Dalrymple Bay Terminal.

DBI will buy up to 50 million shares (10% of issue) on-market over twelve months.

Short positions

Shorting a share is betting the price will decrease. It can pay to check short positions in shares 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.

“Conquer yourself rather than the world.” – Rene Descartes


 

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 consider 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

Past newsletters