Stocks to watch on the Australian stock exchange on Monday, February 6

AUN – AUSTAR UNITED COMMUNICATIONS LTD – up 1.5 cents at $1.175

TLS – TELSTRA CORPORATION – down two cents at $3.34

CMJ – CONSOLIDATED MEDIA HOLDINGS LTD – up three cents at $2.68

Regional pay TV provider Austar will seek court approval to postpone a shareholder vote on Foxtel’s proposed take-over because the competition watchdog is yet to approve the deal.

EXT – EXTRACT RESOURCES LTD – in trading halt, last traded at $8.57

PERTH, Feb 3 AAP – The proposed $2.1 billion takeover bid for Perth-based uranium explorer Extract Resources by a Chinese state-owned entity has taken a step closer to nearing fruition even though a direct offer has yet to be made.

MMW – MAGMA METALS LTD – up 5.5 cents at 13.5 cents

PAN – PANORAMIC RESOURCES LTD – down one cent at $1.26

Takeover target and base metals explorer Magma Metals has labelled an all-scrip bid by nickel miner Panoramic Resources as opportunistic and advised its shareholders to take no action..

PMP – PMP LTD – up one cent 45 cents

Printer PMP Ltd has written down the value of Gordon and Gotch, New Zealand’s largest magazine distributor, and says its New Zealand printing business is encountering difficult market conditions.

WBC – WESTPAC BANKING CORPORATION – down 13 cents at $20.79

Westpac boss Gail Kelly became the latest bank executive to try to soften up the public to the prospect of banks not passing on the central bank’s expected interest rate cuts next week.

WHC – WHITEHAVEN COAL LTD – down 15 cents at $5.48

Whitehaven Coal has closed four mines in NSW as a result of recent heavy rainfall and says it has lost about one week’s worth of production.