Stocks to watch on the Australian stock exchange on Tuesday, June 19
BHP – BHP BILLITON LTD – up 80 cents at $32.64
South Australia isn’t in the grip of a mining boom and shouldn’t bank on having one, a new report says.
EGP – ECHO ENTERTAINMENT GROUP LTD – last traded at $4.33
CWN – CROWN LTD – up four cents at $8.69
Casino operator Echo Entertainment has raised $266 million in the first stage of a new share sale launched to reduce its debt and support its VIP gambler business.
FXJ – FAIRFAX MEDIA LTD – up 4.5 cents at 65 cents
Fairfax will slash nearly 2,000 jobs, shut two printing presses and start charging to view its key websites in the biggest shakeup in the newspaper publisher’s 170-year history. .
LLC – LEND LEASE GROUP – up 24 cents at $7.35
Developer Lend Lease has reached an agreement for the sale of its interest in a major project in London for STG100 million ($A156.45 million).
LYC – LYNAS CORPORATION LTD – up 5.5 cents at 93.5 cents
Shares in rare earths miner Lynas have soared after an appeal against the operating licence for its controversial new plant in Malaysia was dismissed.
TCL – TRANSURBAN GROUP – up nine cents at $5.78
Transurban has written down the value of a toll road in the United States by $138.1 million.
