Stocks to watch on the Australian stock exchange today (Tuesday August 30)
AWE – AWE LTD – up 5.5 cents at $1.255
Oil and gas company AWE has posted a $117.6 million full year loss after taking hits on writedowns and unsuccessful exploration costs.
AZX – AUZEX RESOURCES LTD – up 6.5 cents at 45.5 cents
After weeks of hostility, joint venture partners Auzex Resources and GGG Resources have patched up their differences and combined to jointly run their gold project in Western Australia
CHC – CHARTER HALL GROUP – up 11 cents at $1.87
CQO – CHARTER HALL OFFICE REIT – up 47 cents at $3.37
MQG – MACQUARIE GROUP LTD – up 64 cents $24.89
Stock in Charter Hall Office Real Estate Investment Trust (REIT) has soared after a Macquarie Group-led consortium lodged a $1.74 billion offer for the trust.
COU – COUNT FINANCIAL LTD – up four cents at $1.06
Count Financial Ltd more than doubled its annual profit in 2010/11 and says it is well-placed to counter industry headwinds.
CNP – CENTRO PROPERTIES GROUP – up 0.3 cents at 4.3 cents
Centro Properties Group’s underlying annual profit has fallen 92 per cent due to its sale of assets in the United States and the strength of the Australian dollar.
GFF – GOODMAN FIELDER LTD – up one cent at 77.5 cents
Breads and spreads maker Goodman Fielder says it will restructure its business after reporting an “unacceptable” full year loss of $166.7 million. (GOODMAN FIELDER Wrap on file with graphic)
MQA – MACQUARIE ATLAS ROADS GROUP – up 0.5 cents at $1.475
Toll road operator Macquarie Atlas Roads has decreased its first half loss and expects revenue and earnings to increase in the next 12 months.
MTU – M2 TELECOMMUNICATIONS LTD – down 19 cents at $2.73
M2 Telecommunications says chief executive Vaughan Bowen is to step down in November, but will stay on at the company in an advisory role.
PPX – PAPERLINX LTD – steady at 10.5 cents
The chairman of paper merchant Paperlinx Ltd, David Meiklejohn, will retire as a director and chairman on August 31, 2011.
QRN – QR NATIONAL LTD – steady at $3.20
QR National chief executive Lance Hockridge says the company is sticking to its forecasts for the current year as miners recover from the disruptive Queensland floods in 2010/1.
TIG – TIGERS REALM COAL LTD – down five cents at 45 cents
Coking coal explorer Tigers Realm Coal has made a negative debut on the Australian stock exchange after raising $37.5 million via its initial public offer (IPO).
TTR – TECTONIC RESOURCES LTD – down 0.2 cents at five cents
Tectonic Resources is holding talks with Chinese parties about funding for its $145 million, potentially wind-powered Phillips River copper and gold project near Ravensthorpe in Western Australia.
