Stocks to watch on the Australian stock exchange on Friday, November 23
GFF – GOODMAN FIELDER LTD – up 1.5 at 59.5 cents
Breads and spreads supplier Goodman Fielder says it is on course to make $100 million in annualised savings by 2015.
MYR – MYER HOLDINGS LTD – up five cents at $2.15
A December interest rate cut from the central bank would give the economy a boost and deliver retailers a pre-Christmas shot in the arm, Myer chief executive Bernie Brookes says.
PDN – PALADIN ENERGY LTD – up 0.5 cents at 88 cents
Uranium miner Paladin Energy hopes a new Japanese government will decide to restart the country’s nuclear reactors, as the price of uranium hovers around two-year low
PMP – PMP LTD – up one cent at 19 cents
PMP shareholders are unlikely to receive a dividend in the period ahead, as the troubled printing and publishing business adapts to upheavals in the media.
QRN – QR NATIONAL LTD – up five cents at 3.54
A senior executive with rail freight giant QR National has downplay shareholder anger at its executive pay levels, describing it as “topical”.
STO – SANTOS LTD – up 11 cents at $11.05
Oil and gas company Santos expects its production to rise in 2013 as new projects come online.
WOW – WOOLWORTHS LTD – up 14 cents at $28.62
Woolworths shareholders have voted overwhelmingly against imposing limits on the company’s poker machines, but activists say their campaign for poker machine reform is far from over.
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