Stocks to watch on the Australian stock exchange on Tuesday, July 3
ALL – ARISTOCRAT LEISURE LTD – down 31 cents at $2.45
Shares in Aristocrat Leisure fell more than 11 per cent after the company failed to impress investors when it said it expects an improved first half profit.
ARI – ARRIUM LTD – last traded at 89 cents
Mining and materials group OneSteel has officially kissed goodbye to its name and said it is on track to deliver a positive earnings result for its steel operations.
BKL – BLACKMORES LTD – down 15 cents at $26.10
Vitamins group Blackmores has splashed out about $40 million on buying FIT-BioCeuticals, which sells nutritional supplements direct to health care practitioners.
CBZ – CBIO LTD – up 0.9 cents at 6.9 cents
Australian drug developer CBio is set to merge with US-based Inverseon Inc to form a company focused on developing new treatments for inflammatory diseases.
DJS – DAVID JONES LTD – down 26 cents, or 10.03 per cent, at $2.33
Hopes of a $1.65 billion takeover deal for David Jones have been dashed, with the mystery British private equity group behind the proposal making a quick retreat.
GNS – GUNNS LTD – in suspension, last traded at 16 cents
Woodchipper Gunns Ltd says it is reviewing the value of its forestry assets in the light of declining prices in the woodchip market.
IPL – INCITEC PIVOT LTD – up seven cents at $2.92
Incitec Pivot has appointed Paul Brasher as chairman of the fertiliser and explosives maker.
LEI – LEIGHTON HOLDINGS LTD – up 41 cents at $16.68
Leighton Holdings’ engineering arm Thiess has won a $205 million contract to work on the next stages of the Townsville Hospital redevelopment.
LLC – LEND LEASE GROUP – up 31 cents at $7.51
Lend Lease has cheered investors with expectations of a modest rise in operating profit for the 2011/12 financial year.
NXS – NEXUS ENERGY LTD – in trading halt, last traded at 11 cents
Shares in mid-tier gas producer Nexus Energy have been placed in a trading halt.
PBG – PACIFIC BRANDS LTD – up 0.5 cents at 50.5 cents
Troubled clothing maker Pacific Brands has trimmed $25 million from its debt pile thanks to stronger cash flows and the sale of two surplus properties.
PSH – PENRICE SODA HOLDINGS LTD – up 0.8 cents at 7.1 cents
Penrice Soda Holdings has reached a new agreement with its banking syndicate to extend and restructure its debt.
QRN – QR NATIONAL LTD – steady at $3.40
Rail freight company QR National says it is examining a joint rail project with coal miner Adani in the Galilee Basin.
WHC – WHITEHAVEN COAL LTD – up four cents at $4.19
Whitehaven Coal founding director and New York-based investor Hans Mende has resigned his boardroom seat.