Sharesight20 top 20 trades on ASX & NZX - February 2019
Welcome to the February 2019 edition of the Sharesight20 monthly trading snapshot (click here for January 2019’s Sharesight20), where we look at the top 20 trades on both the ASX and NZX markets among the Sharesight userbase during the current month, and dig a little deeper into the news behind these movements.
Let’s dive into February’s top trades.
Sharesight20ASX February 2019 Snapshot
Afterpay Touch (ASX: APT) put in a strong month yet again to claim to place in February, with interest in Afterpay rival Splitit (ASX: SPT) placing it not far behind in third position. Some of the highlights in the top 20 include:
Afterpay Touch (ASX: APT)
Australian lawmakers recommend stronger oversight of payday lenders
Afterpay responded to the Senate Economics Reference committee report
Appen Ltd (ASX: APX)
Appen earnings surge on ‘mega trends’ of artificial intelligence
Annual report earnings smashed Appen’s upgraded earnings guidance
Shares in Appen jumped 20% higher on impressive full year result
Splitit (ASX: SPT)
Splitit hired former director of business development of Klarna
Splitit hired an ex-Paypal exec to head its Asia Pacific strategy
Commonwealth Bank (ASX: CBA)
Announced profit down 2.1% to $4.68 Billion
Announced the bank would be involved in an early trial of 5G computing tech
Westpac Banking Corp (ASX: WBC)
Greenleaf trust decreased stake in Westpac banking corp
Acquired a new stake in Criteo SA
National Australian Bank (ASX:NAB)
NAB released their response to royal commission final report
Farmers called for change to bank boards and executives as NAB CEO fights for jobs
NAB ranked most distrusted Australian bank
CSL Limited (ASX: CSL)
Shares down around 4% after CSL released the latest round of financial results to investors
CSL lifted its Australian dollar interim dividend 20% to $1.20 per share
Investors concerned with signs of slowing growth
The a2 Milk Company (ASX: A2M)
US expansion on track as a2 expanded its Kroger, Safeway sales
US distribution of a2 Milk now over 12,400 stores
BHP Group (ASX: BHP)
BHP likely to generate strong free cash flow over next 3 years
BHP alone can’t rescue iron-ore market after brazil dam disaster
BHP announced that half year profit droped 8%
Fortescue Metals Group (ASX:FMG)
WiFI outage resulted in driverless crash at Fortescue mine
NRW locked in $62M rail contract with Fortescue
Fortescue expects China iron ore demand to keep dividends strong
Sharesight20NZX February 2019 Snapshot
Some of the February highlights in the NZX top 20 for February include:
The a2 Milk Company (NZX: A2M)
New Zealand’s A2 Milk defied China’s slowdown to post record profit
Fonterra on hunt for farms to supply milk for A2 Milk Company
Heartland Group Holdings (NZX: HGH)
- Heartland Group Holdings reported a half year profit in the Australian reverse mortgage market, and small business lending via its open for business platform
Air New Zealand (NZX: AIR)
Air New Zealand was forced to turn back a flight several hours into journey after China denied permission to land
A second Air New Zealand plane was turned around after not having the proper paperwork to fly over Iran
Red Cargo Logistics signed agreement with Air New Zealand on market access and services
PM of New Zealand welcomed Air New Zealand’s slashing of prices for regional flights
Spark New Zealand Ltd (NZX: SPK)
Announced plans to introduce 5G by July 2020
Completed the rollout of its IoT cellular network across New Zealand
Spark Sport streaming service to launch in early March
Auckland International Airport (NZX: AIA)
Reported a lower net profit as it moved to cut airline charges
Underlying profit was up slightly on increase in passenger numbers
The airport operator downplayed tourism pessimism
Fletcher Building Limited (NZX: FBU)
Protesters held a rally outside Fletcher’s Penrose HQ to oppose land development
Announced plans to acquire Waikato aggregates
Warned of more pain as Australian construction slows
Contact Energy Limited (NZX: CEN)
Contact Energy considered a retail Green Bond offer
Contact Energy launched retail Green Bond offer
Contact Energy set rate on Green Bond offer
Meridian Energy Limited (NZX: MEL)
Meridian Energy welcomed electricity price review panel’s PPD stance
Meridian Energy’s earnings saw a 18% increase in EBITDAF compared to the prior corresponding period
Synlait Milk Limited (NZX: SML)
- Synlait and Fonterra in war of words over dairy reform
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