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

Appen Ltd (ASX: APX)

• Appen earnings surge on ‘mega trends’ of artificial intelligence

• Shares in Appen jumped 20% higher on impressive full year result

Splitit (ASX: SPT)

• Splitit hired former director of business development of Klarna

Commonwealth Bank (ASX: CBA)

• Announced profit down 2.1% to $4.68 Billion

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)

• 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)

• Announced soaring profits soars thanks to China expansion

• US expansion on track as a2 expanded its Kroger, Safeway sales

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)

• 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)

• 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

Contact Energy Limited (NZX: CEN)

• Contact Energy considered a 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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