Stocks to watch on the Australian stock exchange on Thursday, June 14:
CPU – COMPUTERSHARE LTD – up 18 cents at $7.82
Europe’s financial woes have caused share registry group Computershare to take a charge of up to $US65 million ($A66.17 million) in its business in the region.
EGP – ECHO ENTERTAINMENT GROUP LTD – in a trading halt, last traded at $4.49
CWN – CROWN LTD – up 18 cents at $8.49
Investment firm Macquarie Group has bought a five per cent stake in casinos operator Echo Entertainment Group.
FMG – FORTESCUE METALS GROUP LTD – up 13 cents at $4.68
Iron ore miner Fortescue Metals Group has merged some of its lower grade assets with Chinese state-owned steel giant Baosteel.
SDL – SUNDANCE RESOURCES LTD – down 3.5 cents at 34 cents
Sundance Resources has raised $40 million in a placement to continue developing its Mbalam iron ore project in Africa.
SEK – SEEK LTD – down 16 cents at $6.50
Jobs website Seek has abandoned plans to raise $125 million to repay debt and fund investment.
WHC – WHITEHAVEN COAL LTD – up 18 cents at $4.18
Billionaire Nathan Tinkler’s skills as a dealmaker are expected to be tested after he launched a takeover of Whitehaven Coal.
