Stocks to watch on the Australian stock exchange on Monday, November 5
ASX – AUSTRALIAN SECURITIES EXCHANGE – up five cents at $29.40
Australia needs to prepare for the next mining boom by giving tax breaks to start-up resources companies, the head of the nation’s stock exchange says.
BSL – BLUESCOPE STEEL – up one cent at 48 cents
BlueScope Steel will raise $US300 million ($A289.70 million) to help pay off debt by issuing senior unsecured notes to institutional investors.
NHF – NIB HEALTH INSURANCE – up 11.5 cents at $1.925
Health insurer nib has bought New Zealand’s second largest health insurer Tower Medical Insurance for $81.7 million.
PDN – PALADIN ENERGY LTD – down 0.5 cents at $1.095
Paladin Energy says its Kayelekera Mine operations in Malawi are not expected to be affected by planned protests over the company’s sourcing of food from outside the country. (
QAN – QANTAS AIRWAYS – up 0.5 cents at $1.295
Frustrated Qantas shareholders can finally look forward to dividends again as the airline forges ahead with a turnaround plan for its loss-making international arm.
RHL – RURALCO HOLDINGS LTD – down three cents at $3.22
Agribusiness RuralCo has warned its full year net profit is likely to slump by up to 10 per cent due to lower revenue from its wool and livestock businesses.
TEN – TEN NETWORK HOLDINGS – up 2.5 cents at 29.5 cents
A union claims Network Ten breached its obligations by sacking TV news staff in Queensland without adequate consultation.
WRT – WESTFIELD RETAIL TRUST – steady at $3.15
Shopping centre giant Westfield is tipped to open a string of new centres in the US as Americans spend up while Australian retailers continue to struggle.
