Stocks to watch on the Australian stock exchange on Thursday, June 28
ALS – ALESCO CORPORATION LTD – down two cents at $1.94
DLX – DULUXGROUP LTD – up five cents at $2.97
Takeover target Alesco Corporation says it remains unconvinced by predator DuluxGroup’s claim that its takeover offer is compelling.
BHP – BHP BILLITON LTD – down three cents at $30.60
CRJ – COPPER RANGE LTD – up 0.4 cents at 2.3 cents
BHP Billiton has bought four exploration licences for areas in the Olympic Dam region in South Australia for $3 million.
BLD – BORAL LTD – down six cents at $3.13
Building products maker Boral has cut its full year profit forecast for the second time within three months because of bad weather and delays to major construction projects.
CWN – CROWN LTD – steady at $8.58
Billionaire James Packer could be looking towards establishing a casino in the Philippines as part of a desire to create a Pan-Asian gambling empire.
FXJ – FAIRFAX MEDIA LTD – up 0.5 cents at 55.5 cents
Fairfax Media says it is unable to offer Gina Rinehart, the company’s largest shareholder, a seat on its board.
NWS – NEWS CORPORATION LTD – up 71 cents at $21.50
NWSLV – NEWS CORPORATION LTD NON VOTING SHARES – up 72 cents at $21.43
News Corp is considering splitting off its publishing assets from its more profitable entertainment business but that would not mean chairman Rupert Murdoch is stepping away from his much-loved newspaper business.
WBC – WESTPAC BANKING CORPORATION – up 25 cents at $20.92
Westpac will pay $165 million in additional tax as a result of changes to the taxation of financial arrangements.