Stocks to watch on the Australian stock exchange on Thursday July 5:
EGP – ECHO ENTERTAINMENT GROUP LTD – up three cents at $4.33
CWN – CROWN LTD – down one cent at $8.46
Casino operator Crown is seeking regulatory approval to lift its stake in rival Echo Entertainment to 25 per cent.
LNC – LINC ENERGY LTD – up one cent at 78 cents
Queensland’s Linc Energy has cut 60 jobs as part of cost cutting measures.
ORG – ORIGIN ENERGY LTD – up 42 cents at $12.75
The owners of the Australia Pacific liquefied natural gas (APLNG) project in Queensland have made a final commitment to the $23 billion project.
WHC – WHITEHAVEN COAL LTD – up 12 cents at $4.32
Whitehaven Coal has acquired more than 90 per cent of Coalworks under a $145.6 million takeover offer.
TSE – TRANSFIELD SERVICES LTD – up 1.5 cents at $1.85
Maintenance and construction company Transfield Services has won new contracts in the United States, New Zealand and Western Australia totalling $200 million.
VAH – VIRGIN AUSTRALIA HOLDINGS LTD – steady at 37.5 cents
QAN – QANTAS AIRWAYS LTD – up 0.5 cents at $1.10
Virgin Australia carried more domestic passengers than its rival Qantas over the 12 months to the end of May – a first for the industry’s traditional number two.
