Stocks to watch on the Australian stock exchange on Tuesday, November 18:
AHF – AUSTRALIAN DAIRY FARMS – in a trading halt, last traded at 27.5 cents
Milk producer Australian Dairy Farms Group has placed its shares in a trading halt ahead of an expected announcement about an acquisition.
ARI – ARRIUM – up half a cent, or 1.8 per cent, at 28.5 cents
Arrium chief executive Andrew Roberts says the company expects a fall in profit in 2014/15 due to weaknesses in iron ore prices and steel.
BEN – BENDIGO AND ADELAIDE BANK – down four cents, or 0.3 per cent, at $12.72
Bendigo and Adelaide Bank could soon handle the loans and deposits of four credit unions.
ELD – ELDERS – up one cent, or five per cent, at 21 cents
Agribusiness Elders says there’s a long way to go before it sees any benefit from Australia’s $18 billion free trade agreement with China.
PBG – PACIFIC BRANDS – up one cent, or 2.1 per cent, at 49.5 cents
Bonds underwear owner Pacific Brands is in talks to sell off its shoes and licensed brands division.