Stocks to watch on the Australian stock exchange on Thursday, July 19
AIO – ASCIANO LTD – up three cents at $4.37
Asciano will axe half its Sydney workforce as it expands and automates its Port Botany container terminal.
BHP – BHP BILLITON LTD – down 61 cents at $30.18
BHP Billiton is expected to face a challenging few months as risk-averse investors abandon the stock despite positive production numbers.
BOQ – BANK OF QUEENSLAND LTD – up four cents at $6.85
Regional lender Bank of Queensland (BoQ) says it remains well capitalised, with a strong funding and liquidity position despite Moody’s Investor Service downgrading its credit rating
EMA – ENERGY AND MINERALS AUSTRALIA LTD – up 2.1 cents at 7.1 cents
Uranium explorer Energy and Minerals Australia (EMA) is to restructure its management team after settling a four-year legal battle over its flagship Mulga Rock project in Western Australia.
GLG – GERARD LIGHTING GROUP LTD – up 21.5 cents, or 26.71 per cent, at $1.02
The Gerard Lighting Group has endorsed a $186 million takeover offer from Lighting Group Australia, sending shares soaring more than 26 per cent.
LLC – LEND LEASE GROUP – up 17 cents at $7.94
A consortium led by construction giant Lend Lease Group has been awarded a $2 billion contract for the Sunshine Coast University Hospital public private sponsorship.
MHM – MHM METALS LTD – up three cents at 42 cents
The former CEO of Coogee Chemicals Pty Ltd Phil Thick has been appointed managing director and chief executive of diversified resources company MHM Metals.
NAM – NAMOI COTTON CO-OPERATIVE LTD – steady at 22 cents
Cotton producer Namoi Cotton Co-operative says several parties have expressed interest in becoming “cornerstone” investors in the company.
NAB – NATIONAL AUSTRALIA BANK LTD – up seven cents at $23.77
Britain’s financial services watchdog is to investigate National Australia Bank’s two UK lenders to see if they mis-sold products designed to protect businesses from interest rate rises.
TZL – TZ LTD – down 0.1 cent at 8.4 cents
Mark Bouris’ technology company TZ has cut jobs and costs as part of a major restructure of its businesses.
