Stocks to watch on the Australian stock exchange on Wednesday November 7
BWD – BLACKWOOD CORPORATION LTD – up one cent at 18.5 cents
Mining magnate Nathan Tinkler will return to court next week in his dispute with coal explorer Blackwood Corporation over a $28.4 million debt.
CTP – CENTRAL PETROLEUM LTD – steady at 18.5 cents
Central Petroleum has signed a $190 million deal with oil and gas giant Total to explore for shale gas in central Australia.
LEI – LEIGHTON HOLDINGS LTD – up eight cents at $17.50
Construction giant Leighton has signed a new $1.4 billion funding agreement and raised another $US500 million ($A484.75 million) from an issue of notes.
MND – MONADELPHOUS GROUP LTD – down 13 cents at $20.69
Engineering company Monadelphous Group has been awarded a $100 million contract to construct the coal handling plant for the BHP Billiton Mitsubishi Alliance Caval Ridge Mine Project.
PMP – PMP LTD – steady at 20 cents
Printing and publishing business PMP says it can’t see any real increase in its earnings this year, due to tough trading conditions.
QAN – QANTAS AIRWAYS LTD – down 0.5 cents at $1.285
Six aircraft maintenance engineers complained about the safety of doors on Qantas-owned planes as part of a subversive campaign for better pay, a court has ruled.
TEN – TEN NETWORK HOLDINGS LTD – steady at 28.5 cents
Network Ten is expected to begin sacking journalists after failing to obtain sufficient voluntary redundancies, a union says.