Stocks to watch on the Australian stock exchange on Thursday, Nov 14
BRG – BREVILLE GROUP LTD – down four cents at $5.80
Kitchen appliance maker Breville expects its earnings to rise by 10 per cent to about %50 million in the first half of the 2012/13 financial year.
BWD – BLACKWOOD CORPORATION LTD – steady at 18 cents
Mining magnate Nathan Tinkler’s Mulsanne Resources and coal explorer Blackwood Corporation have been given another week to work out a settlement over a $28.4 million debt before returning to court.
CSR – CSR LTD – up 11 cents at $1.665
The property downturn has caused a 50 per cent profit fall for building products maker CSR, which says a recovery in the sector is unlikely before mid-2013.
DLX – DULUXGROUP LTD – down three cents at $3.27
Paint maker DuluxGroup has posted a lower annual profit but forecasts an improvement in its underlying performance in the year ahead.
FMG – FORTESCUE METALS GROUP LTD – up three cents to $4.00
An upbeat Fortescue Metals Group has reassured shareholders that the outlook for Chinese demand and iron ore pricing was strong, after a volatile year of heavy falls in stock value and commodity prices.
LEI – LEIGHTON HOLDINGS LTD – down seven cents at $16.64
BCS – BRISCONNECTIONS UNIT TRUSTS – suspended from trading, last traded at 40 cents
Construction giant Leighton Holdings has written off its $63 million investment in troubled Brisbane toll road operator BrisConnections.
PSH – PENRICE SODA HOLDINGS LTD – steady at 7.3 cents
Adelaide soda ash producer Penrice Soda Holdings has settled an insurance claim over a forced plant shutdown for $2.5 million.
SGT – SINGAPORE TELECOMMUNICATIONS LTD – steady at $2.47
Australia’s second largest telco, Optus, says its rollout of 4G services (high-speed data services for mobile phones) is proceeding well but it won’t yet reveal its subscriber numbers.
WEB – WEBJET LTD – down 62 cents at $3.51
Online travel company Webjet has indicated its net profit may fall in the current financial year due to the cost of expansion and a slow travel market.
WES – WESFARMERS LTD – up 19 cents at $33.94
Wesfarmers says its retail businesses, especially supermarket giant Coles, is driving the company’s growth as it reiterated its positive outlook for 2013.
