Stocks to watch on the Australian stock exchange on Monday:
BBG – BILLABONG INTERNATIONAL LTD – down 11 cents, or 3.02 per cent, at $3.53
Surfwear maker and seller Billabong says it doesn’t know why its shares dropped 12.5 per cent on the highest trading volume in three months on Thursday.
BXB – BRAMBLES LTD – down 13 cents, or 1.9 per cent, at $6.71
Pallet services provider Brambles has acquired Canadian counterpart company Paramount Pallet for $C13 million ($A12.76 million).
COU – COUNT FINANCIAL LTD – last traded at $1.40
Count Financial is due to hold its AGM on Monday.
CRK – CARRICK GOLD LTD – last traded at 39.5 cents
Carrick Gold is due to hold its AGM on Monday.
DUE – DUET GROUP – down 0.5 cents, or 0.29 per cent, at $1.735
Electrical wire and gas pipeline owner DUET Group has confirmed it will pay a distribution of 16 cents per stapled security this financial year.
EPW – ERM POWER LTD – down two cents, or 1.32 per cent, at $1.49
WOW – WOOLWORTHS LTD – down 33 cents, or 1.9 per cent, at $24.23
Electricity generator and seller ERM Power has extended a contract with Woolworths in Victoria by three years for a value of $140 million.
FGL – FOSTER’S GROUP LTD – up three cents, or 0.56 per cent, at $5.37
Federal Treasurer Wayne Swan has approved an application by US brewer SABMiller to acquire Foster’s.
FMS – FLINDERS MINES LTD – up 10.5 cents, or 63.6 per cent, at 27 cents
FMG – FORTESCUE METALS GROUP LTD – down three cents, or 0.66 per cent, at $4.51
A Russian steel making giant is expected to do a deal with Fortescue Metals Group after a $554 million takeover of Flinders Mines, which operates an iron ore project next to Fortescue’s Solomon development.
MYR – MYER HOLDINGS LTD – down six cents, or 2.56 per cent, at $2.28
Myer has reiterated that sales this fiscal year will be flat and net profit will decline as much as 10 per cent because of the tough retail conditions.
OMH – OM HOLDING LTD – down one cent, or 2.4 per cent, at 40.5 cents
A subsidiary of mining company OM Holdings has been charged over damage to an Aboriginal sacred site in Central Australia.
PRY – PRIMARY HEALTH CARE LTD – down 13 cents, or 3.96 per cent, at $3.15
Primary Health Care has forecast profit growth of up to 22 per cent as it grows its existing general practice, pathology and diagnostic imaging businesses.
RIO – RIO TINTO LTD – down 46 cents, or 0.74 per cent, at $61.95
IZM – INTERCEPT MINEALS LTD – down 0.3 cents, or 4.3 per cent, at 6.7 cents.
Mining giant Rio Tinto has agreed to take part in Intercept Minerals’ bauxite project on Tiwi Islands.
RXP – RXP SERVICES LTD – at 50 cents
RXP Services Ltd is due to list on the ASX on Monday.
SDL – SUNDANCE RESOURCES LTD – last traded at 42.5 cents
Sundance Resources has requested its shares be placed in a trading halt pending an update on the proposed take-over by Hanlong Mining Group.
SDM – SEDGMAN LTD – last traded at $2.02
Sedgman is due to hold its AGM on Monday.
WHC – WHITEHAVEN COAL LTD – down 12 cents, or 2.27 per cent, at $5.16
Whitehaven Coal says it will have an additional 2.4 million tonnes per annum (Mtpa) of port capacity at Port Waratah Coal Services in Newcastle from 2015.
WPL – WOODSIDE PETROLEUM LTD – down $2.06, or 5.82 per cent, at $33.36
Woodside Petroleum has set a production target for calendar 2012 that is 27 per cent higher than 2011, as its Pluto liquified natural gas project comes on stream.
