Stocks to watch on the Australian stock exchange on Tuesday, March 3:
AZJ – AURIZON – down four cents, or 0.85 per cent, at $4.69
Rail operator Aurizon is warning it faces a $30 million hit to its bottom line, largely because of damage inflicted by Cyclone Marcia.
BPT – BEACH ENERGY – up one cent, or 0.9 per cent, at $1.07
The incoming managing director of oil and gas producer Beach Energy, Rob Cole, will take up his new role three months earlier than expected.
MYR – MYER – down 20 cents, or 10.8 per cent, at $1.655
Myer boss Bernie Brookes is leaving the department store giant as it overhauls its operations in an attempt to win over customers after years of weak sales growth.
ORI – ORICA – up 68 cents, or 3.4 per cent, at $20.50
Mining services group Orica will buy back more than $400 million of its own shares after completing the sale of its chemicals division.
QFX – QUICKFLIX – steady at 0.2 cents
Video streaming service Quickflix more than doubled its first half loss as it braced for competition from Netflix and Fairfax and Nine’s Stan.
VET – VOCATION – down 0.5 cents, or 5.6 per cent, at 8.5 cents
Troubled education provider Vocation insists it can remain a viable business and lift earnings over the next few months after suffering a $273 million half year loss.
WCB – WARRNAMBOOL CHEESE AND BUTTER FACTORY – up 10 cents, or 1.2 per cent, at $8.30
One of Australia’s best known cheese brands, COON, is about to change from Japanese to Canadian ownership.
