Stocks of interest on the Australian Securities Exchange on Friday:
IIN – IIN – down 21 cents, or 2.09 per cent, at $9.84
MTU – M2 – up 6.00 cents, or 0.54 per cent, at $11.13
TPM – TPG TELECOM – down 15 cents, or 1.66 per cent, at $8.86
M2 Group has signalled it may further increase its takeover bid for iiNet if rival TPG Telecom decides to lift its $1.4 billion offer.
MGR – MIRVAC – down 3.5 cents, or 1.72 per cent, at $2.005
Strong housing markets in Sydney and Melbourne are underpinning demand for developer Mirvac’s off-the-plan projects.
NEM – NEWMONT MINING – up 0.13 cents, or 0.49 per cent, at 26.48 cents
OCG – OCEANAGOLD – down 8.00 cents, or 3.28 per cent, at $2.36
Newmont Mining Corp is selling its New Zealand gold mining business in Waihi to OceanaGold for $US101 million ($A126.07 million).
QAN – QANTAS AIRWAYS – up 7.00 cents, or 2.16 per cent, at $3.31
The number of people flying Qantas and Jetstar has picked up, helped by a big increase in passengers on the airlines’ international routes.
STO – SANTOS – up 21.0 cents, or 2.54 per cent, at $8.49
Santos chief executive David Knox says he expects the company to be free cashflow positive in calendar 2015 and 2016 despite the weak oil price.
TEN – TEN NETWORK HOLDINGS – up 0.25 cents, or 1.22 per cent, at 20.75 cents
Ten Network has warned it is nearing the limits of its $200 million loan and may need to raise more money in the next year as it attempts to boost ratings and lagging advertising revenue.
TLS – TELSTRA – down 9.5 cents, or 1.50 per cent, at $6.225
Telstra has promoted executive team member Warwick Bray to be its new chief financial officer.
TPM – TPG TELECOM – down 15 cents, or 1.66 per cent, at $8.86
AMM – AMCOM TELECOMMUNICATIONS – down 39.0 cents, or 14.44 per cent, at $2.31
VOC – VOCUS COMMUNICATIONS – down 12.0 cents, or 2.01 per cent, at $5.85
TPG Telecom has lifted its stake in rival Amcom in an attempt to block its planned $653 million merger with Vocus Communications.
XER – XERO – down 85.0 cents, or 4.27 per cent, at $19.05
Xero, the cloud-based accounting software firm whose shares have dropped substantially in the past year, has told the ASX it has complied with disclosure rules over its annual results.