Stocks to watch on the Australian stock exchange on Monday, July 28:
BUX – BUXTON RESOURCES – up 8.5 cents, or 25 per cent, at 42.5 cents.
Shares in explorer Buxton Resources have surged after it released drilling results from its Western Australian graphite project.
FLT – FLIGHT CENTRE – down 50 cents, or 1.06 per cent, at $46.80.
Flight Centre expects a seven per cent slide in pre-tax profit due to writedowns on the value of its underperforming US and Indian businesses, plus an $11 million price fixing fine.
GUD – GUD HOLDINGS – down 58 cents, or 8.08 per cent, at $6.60
The company behind Sunbeam kitchen appliances has suffered a 44 per cent fall in profit, but the company expects a better result in 2015.
KCN – KINGSGATE CONSOLIDATED – up two cents, or 2.26 per cent, at 90.5 cents.
The goldminer has notched up a record annual production result as it adapts to volatile operating conditions.
SIR – SIRIUS – down 19 cents, or 4.66 per cent, at $3.89.
Nickel explorer and market darling Sirius Resources is a step closer to funding a $470 million West Australian project.
