Stocks to watch on the Australian stock exchange Monday, April 2
AUN – AUSTAR UNITED COMMUNICATIONS LTD – up three cents at $1.45
Austar shareholders have said yes to a proposed $2 billion takeover by pay TV rival Foxtel despite the competition watchdog having yet to give its approval.
ALL – ARISTOCRAT LEISURE LTD – up four cents at $3.02
Gaming machine supplier Aristocrat Leisure says it faces economic uncertainty and fluctuating currency exchange rates but still expects business to get better
BHP – BHP BILLITON LTD – up 36 cents at $34.61
BHP Billiton’s head of iron ore Ian Ashby will stand down in July after 25 years with the resources giant.
ERA – ENERGY RESOURCES OF AUSTRALIA LTD – last traded at $1.29
Uranium producer Energy Resources of Australia (ERA) says it will invest $120 million to further explore its Ranger mine in the Northern Territory. (
GMG – GOODMAN GROUP – down three cents at 69 cents
Investors in property manager Goodman Group have voted overwhelmingly in favour of reducing the number of the group’s securities.
MTS – METCASH LTD – in a trading half, last traded at $4.30
Franklins supermarket owner Metcash is set to announce impairment charges that will impact on its net profit.
QAN – QANTAS AIRWAYS LTD – down three cents at $1.875
Overseas holidays and business trips are about to get more expensive after Qantas Airways raised ticket prices and increased fuel surcharges for the second time in eight weeks.
TAH – TABCORP CORPORATION LTD – up one cent at $2.72
Tabcorp stands to gain from a High Court decision forcing its wagering rivals Betfair and Sportsbet to pay millions of dollars in fees to use NSW race-field information.
TGR – TASSAL GROUP LTD – down 0.5 cents at $1.31
Three directors on the board of salmon farmer Tassal Group have resigned, Tassal announced on Friday.
TLS – TELSTRA CORPORATION – down one cent at $3.29
A senior telco executive from China is joining Telstra’s board.
WES – WESFARMERS LTD – up 29 cents at $3.02
WOW – WOOLWORTHS LTD – up 34 cents at $25.98
WestBunnings will spend $1.5 billion on opening new stores and creating thousands of jobs as faces increased competition from new rival Masters
