Stocks to watch on the Australian stock exchange at close on Tuesday:
BBG – BILLABONG – last traded at 73 cents
Shares in Billabong have been placed in a trading halt amid speculation two potential suitors will lower their takeover offers for the troubled surfwear retailer. .
BTU – BATHURST RESOURCES LTD – down 0.5 cents at 30.5 cents
Bathurst Resources, the West Australia-based company that gained tentative approval for its Escarpment coal mine on the West Coast of New Zealand’s Denniston Plateau last month, plans to reincorporate as a New Zealand company.
DTE – DART ENERGY LTD – down 4.6 cents at 5.9 cents
Dart Energy shares have tumbled to record lows as the company cuts costs and slashes jobs in response to government crackdowns on coal seam gas projects.
PPX – PAPERLINX LTD – down 0.1 cents at 8.6 cents
Embattled paper, sign and display supplier PaperlinX has appointed barrister Robert Kaye as its second chairman in six months.
KMD – KATHMANDU HOLDINGS LTD – down three cents at $2.02
Kathmandu managing director Peter Halkett will take up to three months of extended leave to recuperate from a severe infection.
TOE – TORO ENERGY LTD – up 1.5 cents at 13 cents
Toro Energy will move to finalise funding and design plans for a new uranium mine in Western Australia, after receiving environmental approval for the project.