Stocks to watch on the Australian stock exchange on Monday, October 29
ACN – ACER ENERGY LTD – up 0.5 cents at 29 cents
DLS – DRILLSEARCH ENERGY LTD – down three cents at $1.485
Acer Energy says it is unlikely to receive another takeover offer after the company’s second largest shareholder agreed to sell its stake to fellow oil and gas explorer Drillsearch Energy.
AMP – AMP LTD – down 16 cents at $4.53
Wealth manager AMP has increased its cash flows in the third quarter of calendar 2012 due to growth in self-managed superannuation funds.
BHP – BHP BILLITON LTD – down 51 cents at $33.86
Mining giant BHP Billiton admits some jobs are likely to go at its Nickel West operations in Western Australia.
BRU – BURU ENERGY LTD – down one cent at $2.81
Traditional owners claim Buru Energy has destroyed an Aboriginal heritage site at its Ungani oil project about 100km east of Broome in Western Australia’s Kimberley region.
CRZ – CARSALES.COM – down 41 cents at $7.31
Carsales.com shares fell more than five per cent after it said earnings in the first half of 2012/13 would be hit by increased spending on marketing.
EGP – ECHO ENTERTAINMENT GROUP LTD – down eight cents at $3.57
CWN – CROWN LTD – steady at $9.46
Sydney is accustomed to overshadowing the rest of Australia when it comes to grabbing national attention with grand plans. So when billionaire James Packer’s $1 billion vision for a six-star resort and casino on Sydney Harbour dominated the headlines this week, Echo Entertainment’s idea for a second casino in Brisbane was lost in the news cycle.
MQG – MACQUARIE GROUP LTD – up $1.04 at $30.85
Job cuts and lower costs helped investment firm Macquarie Group overcome subdued financial markets to increase its first half profit..
MYR – MYER HOLDINGS LTD – up 1.5 cents at $1.98
Myer boss Bernie Brookes received a 4.4 per cent pay rise in 2012 while the retailer’s profits fell.
NAB – NATIONAL AUSTRALIA BANK LTD – down 10 cents at $25.90
The Soul highrise tower on the Gold Coast has been placed in the hands of receivers.
TOL – TOLL HOLDINGS LTD – up one cent at $4.28
Transport and logistics firm Toll Holdings wants to take a greater share of the parcel delivery business from Australia Post.
WDC – WESTFIELD GROUP – down one cent at $10.57
Westfield Group says it has been appointed to develop, design, construct and manage a shopping centre in northern England.
WHC – WHITEHAVEN COAL LTD – down 15 cents at $3.05
SYDNEY, Oct 26 AAP – Perhaps the spinach and brie focaccias were Fairfax Media chairman Roger Corbett’s bid to placate angry and out-of-pocket shareholders at the company’s annual general meeting.
