Stocks to watch on the Australian stock exchange on Thursday May 10
BSL – BLUESCOPE STEEL LTD – down 1.5 cent at 37 cents
International steel manufacturer BlueScope Steel has completed a tender for the repurchase of $US300 million ($A297.69 million) private placement notes, which were then re-valued at $US305.4 million ($A303.05 million).
CMI – CMI LTD – up three cents at $2.35
Trade union bosses will meet federal Employment and Workplace Relations Minister Bill Shorten on Wednesday to seek his help to secure unpaid entitlements for workers at embattled car parts maker CMI.
CRF – CENTRO RETAIL AUSTRALIA – in a trading halt, last traded at $1.8475
The success of a $200 million class action case against the property group Centro Retail Australia is a win for all Australian investors, lawyers for the shareholders say.
DJS – DAVID JONES LTD – down seven cents at $2.31
Upmarket retailer David Jones is hoping that former Woolworths and Toys R Us executives can help restore the troubled department stores to their former glory.
DOW – DOWNER EDI LTD – up five cents at $3.47
Downer EDI has told investors its troubled Waratah Train project is back on track and will be delivered within cost and program.
DTE – DART ENERGY LTD – down two cents at 24 cents
A coal seam gas (CSG) well planned for a suburb in Sydney’s inner west has been blocked by a local council.
LEI – LEIGHTON HOLDINGS LTD – up 16 cents at $19.18
A Leighton Holdings subsidiary says it has been named preferred contractor for the Fortescue Metals Group-owned Solomon iron ore project in WA’s Pilbara region.
MBN – MIRABELA NICKEL LTD – in trading halt, last traded at 30 cents
Embattled miner Mirabela Nickel says it considering a capital raising and reconfirmed its production guidance reported only a month ago.
QAN – QANTAS AIRWAYS LTD – down 3.5 cents at $1.495
Boosting visitor arrivals in New Zealand will be the aim of a $4 million partnership between Tourism NZ and Qantas.
QFX – QUICKFLIX LTD – down 0.5 cents at 12.5 cents
SKT – SKY NETWORK TELEVISION LTD – steady at $4.30
Sky Network Television’s content arrangements will hold back demand for New Zealand households to buy into the national ultra-fast broadband network, says a Sydney-based content provider.
SIP – SIGMA PHARMACEUTICALS LTD – down 0.5 cents at 66.5 cents
Drugs wholesaler and pharmacy support services provider Sigma Pharmaceuticals says further expansion of exclusive distribution arrangements in the pharmacy sector could undermine federal government policy.
