Stocks to watch on the Australian stock exchange on Tuesday May 15
BHP – BHP BILLITON LTD – up nine cents at $34.46
BHP Billiton’s petroleum boss has defended the company’s $20 billion foray into US shale gas just before gas prices fell rapidly, but would not rule out a write down on their value.
DLX – DULUXGROUP – steady at $3.03
Paint maker DuluxGroup says its takeover bid for garage door and construction products supplier Alesco is not a “must do” deal.
IPL – INCITEC PIVOT – up one cent at $3.17
Explosives and fertiliser producer Incitec Pivot says it has no plans to drop its fertiliser business despite its lower earnings leading to a 13 per cent drop in first half profit.
LLC – LEND LEASE – up seven cents at $7.56
LEI – LEIGHTON HOLDINGS – down six cents at $18.78
Lend Lease and a Leighton Holdings subsidiary have been awarded work on Victoria’s regional rail link.
NAB – NATIONAL AUSTRALIA BANK – up 25 cents at $24.80
National Australia Bank (NAB) chief executive Cameron Clyne says he expects the central bank to deliver more interest rate cuts.
PDN – PALADIN ENERGY LTD – down 6.5 cents at $1.33
Production at uranium miner Paladin Energy’s mine in Malawi has stalled after local workers walked off the job.
STO – SANTOS LTD – down 17 cents at $12.69
Changes to Australia’s fiscal and regulatory regimes give global investors the wobbles, Santos chief David Knox says.
