Stocks to watch on the Australian stock exchange early on Thursday, July 12:
ASL – AUSDRILL LTD – down one cent at $3.35
Mining services firm Ausdrill has signed an agreement to buy earthmoving equipment provider Best Tractor Parts for an undisclosed sum.
Ausdrill on Wednesday
BHP – BHP BILLITON LTD – down 17 cents at $31.05
South Australia will produce enough uranium to fuel a third of the world’s nuclear power plants if the Olympic Dam expansion goes ahead, Mineral and Resources Minister Tom Koutsantonis says.
CKL – COLORPAK LTD – steady at 60 cents
A major packaging company operating in Australia and New Zealand has told customers it will pay the full $23/tonne carbon price, but is not listed by the government as being directly liable.
DOW – DOWNER EDI LTD – down two cents at $3.07
Engineering and infrastructure firm Downer EDI has won a contract worth up to $800 million to provide mining services for private collier TEC Coal’s Queensland mine.
TAN – TANDOU LTD – steady at 38 cents
Agribusiness and water investment company Tandou is expecting an unaudited annual profit before tax of $6.5 million to $7.5 million for the 2011/12 financial year.
TIG – TIGERS REALM COAL LTD – down one cent at 17 cents
Resource company Tigers Realm Coal Ltd on Wednesday concluded share placements grossing capital of approximately $8.9 million.
TLS – TELSTRA CORPORATION LTD – up five cents at $3.86
SGT – SINGAPORE TELECOMMUNICATIONS LTD – up six cents at $2.64
Telco customers will have greater protection from bill shock, complicated phone plans and marketing under a new industry code, the communications watchdog says.
WES – WESFARMERS LTD – up 33 cents at $30.28
TOL – TOLL HOLDINGS LTD – down seven cents at $3.87
Striking workers are continuing to picket a Melbourne warehouse as their protest over pay and conditions enters a second day.
