Sharesight20 top 20 trades on ASX & NZX - May 2019

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

Sharesight20 top 20 ASX trades May 2019

After showing interest in buy now, pay later startup, Splitit (ASX: SPT) over the last few months, Sharesight users returned to longtime favourite Afterpay Touch (ASX: APT) alongside rival Zip Co (ASX: Z1P), with the former surging to the top of this month’s Sharesight20 snapshot. Some of the highlights in April’s top 20 trades on the ASX include:

Afterpay Touch (ASX: APT)

• Revealed 'quick-off-the-mark’ UK strategy

• Forced to change name for UK launch by Dutch rival

• Signed a US$300 million receivables funding facility with Citi

National Australia Bank (ASX: NAB)

• Launched online fintech collaboration portal to "solve customer-facing problems"

• Share price is up over 10% during May - mostly on the back of the federal election result

• Conceded its 99¢-a-share dividend was no longer sustainable

• Former NAB banker who defrauded the bank for $640k jailed for 8 months

Macquarie Group (ASX: MQG)

• Announced a record full-year profit of $3 billion

• Tim Bishop the head of Macquarie Capital announced his departure from the firm

• Macquarie Capital announced co-heads to replace Tim - Daniel Wong and Michael Silverton

• More than 10 advisers have recently left the Macquarie Wealth Management division

Zip Co (ASX: Z1P)

• Announced partnership with Kmart Australia

• MasterCard announced it had acquired Vyze in move to counter Zip and Afterpay

• Zip Co valuation hit $1 billion, up from $330 million only 5 months prior

Sharesight20 top 20 NZX trades May 2019

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

Infratil Limited (NSX: IFT)

• Announced a takeover offer for Vodafone NZ worth NZ$3.4 billion

• Launched a NZ$400m equity raising to fund the Vodafone NZ acquisition

• Announced a final dividend of 11 cents per share, plus 2 cents per share of imputation credits

The a2 Milk Company (NZX: A2M)

• Confirmed its full-year guidance and outlined plans to double down on its marketing spend in the second half

• Rival Bubs Australia’s (ASX: BUB) share price has surged 177% in 2019

• a2 supplier Synlait received a worrying high court decision that overturned plans for a new processing plant in Pokeno

Trade Me NZ (NZX: TME)

• Trade Me Group was delisted from the NZX and taken over by Titan AcquisitionCo

• In the beginning, we had no idea: on the birth and growth of Trade Me

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FURTHER READING

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• Blog – 3 reasons why you need to be tracking dividends

• Blog – 7 reasons why Sharesight is better than a spreadsheet