Sharesight20 top 20 trades on ASX & NZX - March 2019

Welcome to the March 2019 edition of the Sharesight20 monthly trading snapshot (click here for February 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 March’s top trades.

Sharesight20 top 20 ASX trades March 2019

Strong interest from the Sharesight userbase in buy now, pay later startup, Splitit (ASX: SPT) saw it surge past February’s Sharesight20 most traded share (and fellow buy now, pay later startup), Afterpay Touch (ASX: APT). Some of the highlights in March’s top 20 trades on the ASX include:

Splitit (ASX: SPT)

• The company was forced to respond to an ASX ‘please explain’ when the share price doubled on a single day

• After listing for 20c earlier this year, Splitit reached a high of $2.00 before profit taking saw the price collapse

• Released their 2018 Annual Results presentation

Afterpay Touch (ASX: APT)

• Apple’s new credit card could threaten Afterpay’s US expansion

• Bell Potter set a $28 price target for APT

• The share price for APT is now up 70% in 2019

Appen Ltd (ASX: APX)

• Announced a $428m takeover of Silicon Valley-based rival Figure Eight

• Read Livewire’s analysis of the leadership team acquired in the deal

• APX shares moved up on the news, and sit 140% higher than 12 months ago

Nufarm Limited (ASX: NUF)

• Nufarm shares fell 10% after posting a half-year loss of nearly $10 million

• The AFR featured Nufarm’s Omega-3 canola development with the CSIRO, calling it a "$1 billion goldmine"

• Analysts see value in Nufarm at current prices

Nearmap (ASX: NEA)

• Tony Agresta, EVP of products at Nearmap, discussed the company's mapping technology with Cheddar

• NEA shares reached new all time highs over $3, up 445% over 24 months

• Plus a deal with Auric Solar based in Utah

Sharesight20 top 20 NZX trades March 2019

Some of the March highlights in the NZX top 20 for March include:

Synlait Milk Limited (NSX: SM1)

• Announced New Zealand’s first large-scale electrode boiler is now operational

• SM1 shares fell more than 17% after Synlait reported a 9.7% slide in H1 net profit

Air New Zealand (NZX: AIR)

• Net profit at Air New Zealand fell 34% to $NZ152m on higher fuel costs

• Will defer $750m in Airbus orders and some Boeing 777 deliveries

• Cut projected network growth targets following review

• Announced a raft of new initiatives to improve financial performance

• Announced free WiFi on all flights and new business class seats in 2019

Spark New Zealand Ltd (NZX: SPK)

• Welcomed the renewal of mobile spectrum rights

• Spark network outage left medical alarms unable to connect to St John

• Tested a 5G autonomous car in Auckland’s Innovation Precinct

The a2 Milk Company (NZX: A2M)

• A2M shares hit a new all time high in early March

• Insider selling continued at A2M by directors and key management

• Supplier Fonterra reduced projected milk collections, hitting A2M shares

• Wattle Health Australia to produce the first organic A2 milk powders

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FURTHER READING

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