Stocks to watch on the Australian stock exchange on Thursday, Nov 27:
ASL – AUSDRILL – down 5.5 cents, or 10.9 per cent, at 45 cents
Mining services business Ausdrill is slicing $28 million off its revenue forecast after a customer decided to postpone operations in Africa.
AVG – AUSTRALIAN VINTAGE – steady at 41 cents
The company behind McGuigan wines expects challenging times ahead, due to fierce competition at home and overseas and higher prices because of a low vintage.
BCI – BC IRON – up 1.5 cents, or 2.6 per cent, at 58.5 cents
BC Iron has shed three board members, including its first managing director, to help reduce costs as iron ore prices plunge.
CAB – CABCHARGE – up 11 cents, or 2.3 per cent, at $4.86
Cabcharge has stepped up its fight with Uber, calling on governments to stamp out the ride-sharing service and labelling it “illegal and unsafe”.
CKF – Collins Food – up three cents, or 1.3 per cent, at $2.27
Weaker than expected revenue from Sizzler restaurants has contributed to a $30 million half year loss for its parent company.
GWA – GWA GROUP – up 15 cents, or 5.6 per cent, at $2.85
Household and commercial fixtures and fittings supplier GWA Group is selling Dux Hot Water to a Japanese firm for $46 million.
MGX – MOUNT GIBSON IRON – in a trading halt at 41 cents
Mount Gibson Iron has placed its shares in a trading halt amid ongoing problems at its Koolan Island mine.
MPL – MEDIBANK PRIVATE – down four cents, or 1.9 per cent, at $2.10
Health Insurer Medibank Private has lost ground on its second day of trading, but remains above its retail investor list price.
REX – REGIONAL EXPRESS – up 1.5 cents, or 1.5 per cent, at $1.035
Regional airline Rex says the worst appears to be over after its 45 per cent profit fall last financial year.
STO – SANTOS – up 15 cents, or 1.3 per cent, at $11.98
Santos has given a start-up date for its $18.5 billion Gladstone liquefied natural gas project of the second half of calendar 2015.
TAH – TABCORP – down one cent, or 0.2 per cent, at $4.16
Gaming firm Tabcorp says Ellerston Capital, an investment vehicle set up by the Packer family, is no longer a substantial shareholder in Tabcorp.
WEB – WEBJET – down four cents, or 1.3 per cent, at $3.10
Online travel agent Webjet’s share price has fallen after it warned investors subdued domestic market conditions were set to continue.
