Stocks to watch on the Australian stock exchange on Tuesday, September 20)
ALK – ALKANE RESOURCES LTD – down 13.5 cents at $1.67
One of the world’s largest undeveloped zirconium resources is a step closer to becoming an operating mine that could be worth as much as $1.2 billion, says minerals explorer Alkane Resources.
FXJ – FAIRFAX MEDIA LTD – up 0.5 cents at 81.5 cents
Former Fairfax Media chief executive Brian McCarthy walked away with $3.17 million when he left the company in December last year, figures from the publisher’s annual report show.
GNS – GUNNS LTD – last traded at 2.5 cents
Shares in Gunns closed steady after a suspension in trade was lifted as the timber company maintained earnings guidance.
KAR – KAROON GAS AUSTRALIA LTD – down 23 cents at $2.90
Shares in Karoon Gas plummeted by more than seven per cent after it posted a $23.3 million full year loss.
LLC – LEND LEASE GROUP – down 26 cents, at $7.31
Lend Lease has again been included in the Dow Jones’ Sustainability Index (DJSI) – this time achieving the possbile highest score.
MCC – MACARTHUR COAL – down five cents, at $15.95
PEAMCoal has extended the acceptance date for its take-over offer for Macarthur Coal Ltd.
MND – MONADELPHOUS GROUP LTD – down 10 cents at $19.13
RIO – RIO TINTO LTD – down $1.07 at $70.20
Engineering group Monadelphous Group has secured a major construction contract for Rio Tinto and Hancock Prospecting valued at around $150 million.
MNM – MANTLE MINING CORPORATION LTD – in a trading halt, last traded at seven cents
An environmentalist has chained himself to an eight-metre drill rig to protest against a Victorian brown coal development.
PMV – PREMIER INVESTMENTS LTD – up eight cents, at $5.43
Premier Investments says trading conditions are getting even tougher for retailers, but the fashion brands owner still expects to improve its performance.
QAN – QANTAS AIRWAYS LTD – down 4.5 cents, at $1.545
A nationwide strike by airport baggage handlers and ground staff will affect more than 6100 passengers, Qantas says.
QBE – QBE INSURANCE GROUP LTD – down 37 cents, at $12.65
QBE Insurance has been named top insurer by the National Insurance Brokers Association (NIBA) for a record 10th consecutive year.
SOE – SOULS PRIVATE EQUITY – last traded at 15 cents
SOL – WASHINGTON H SOUL PATTINSON AND CO LTD – steady at $12.09
Washington H Soul Pattinson & Co Ltd is proposing to buy its small enterprise investment fund because a listed fund is no longer the right structure for the company.
WES – WESFARMERS LTD – down 27 cents, at $30.46
Target managing director Launa Inman says she will step down from the position early next year.
Wesfarmers, which owns Target department stores, issued a statement saying Mrs Inman will remain in her current role until a replacement is in place in early 2012.
