Stocks to watch on the Australian stock exchange on Monday, November 11
AIO – ASCIANO LTD – up four cents at $1.525
Asciano is to consolidate its share structure, meaning a three-fold rise in its share price.
EXT – EXTRACT RESOURCES LTD – steady at $7.90
Shares in Extract Resources fell by almost 3.5 per cent before closing flat after its main shareholder, Kalahari Minerals, said it was still in takeover discussions with a Chinese state-owned uranium company.
LEI – LEIGHTON HOLDINGS LTD – up six cents at $20.18
Leighton Holdings has reaffirmed it will return to profitability this financial year with a profit of a much as $650 million as it tenders for $27 billion worth of work. (LEIGHTON Wrap on file)
MCC – MACARTHUR COAL LTD – up one cent at $16.22
Peabody Energy has extended its $4.9 billion takeover offer for Macarthur Coal by a fortnight as it seeks to mop up the remaining interest in the target that it does not already own.
MRN – MACQUARIE NETWORK RADIO LTD – down five cents at 75 cents
PNW – PACIFIC STAR NETWORK LTD – untraded; last traded at 30 cents
It was business as usual at struggling radio station Melbourne Talk Radio (MTR), despite reports it could face closure as early as Friday.
MTS – METCASH LTD – up seven cents at $4.29
Metcash says it is in the final process of selling its newly-acquired Franklins stores to IGA retailers.
ORI – ORICA LTD – up 20 cents at $25.70
Embattled NSW Environment Minister Robyn Parker has defended not contacting chemical giant Orica since the state’s environmental regulator shut down its Newcastle plant over another toxic leak.
RHC – RAMSAY HEALTH CARE LTD – up 31 cents at $19.77
Private hospital operator Ramsay Health Care has secured $2 billion in new debt and confirmed its guidance of between 10 and 12 per cent annual profit growth.
TOL – TOLL HOLDINGS LTD – up 20 cents at $5.02
A rowdy protest has been held outside the Australian consulate in Los Angeles following the sacking of 26 US truck drivers by Australian transport company Toll Holdings.
TSE – TRANSFIELD SERVICES LTD – down two cents at $2.38
Transfield Services has won $132 million worth of new work in the resources industry.
WES – WESFARMER LTD – up 25 cents at $33.00
Wesfarmers has hit back at critics worried that its Coles supermarkets are abusing market power by squeezing suppliers.
Wesfarmers.
