Stocks to watch on the Australian stock exchange at the close on Tuesday, July 22:
ALZ – AUSTRALAND – down one cent, or 0.2 per cent, at $4.49
Property developer Australand expects annual earnings to increase even if a $2.6 billion takeover offer from a Singaporean company does not succeed.
AFI – AUSTRALIAN FOUNDATION INVESTMENT COMPANY – down three cents, or 0.5 per cent, at $6.15
The risk of a share market downturn is growing amid rising political unrest around the world and possible interest rate hikes, Australia’s largest listed investment fund warned after lifting its annual profit.
ARI – ARRIUM – down 2.5 cents, or 3.2 per cent, at 75.5 cents
Steel and mining group Arrium has accepted discounted prices on its iron ore shipments due to additional supply and tightening credit growth in China.
AZZ – ANTARES ENERGY – up five cents, or 8.5 per cent, at 64 cents
Oil and gas company Antares Energy is the target of a takeover bid, sending its share price to soaring.
BKW – BRICKWORKS – up eight cents, or 0.6 per cent, at $14.29
SOL – WASHINGTON H SOUL PATTINSONS – down seven cents, or 0.5 per cent, at $14.74
The Australian Tax Office appears to have dealt a fatal blow to a proposal to disentangle the decades old cross-ownership of Brickworks and Washington H Soul Pattinson.
BLY – BOART LONGYEAR – up 1.8 cents, or 20.7 per cent, at 10.5 cents
Standard & Poor’s has downgraded mining company Boart Longyear’s credit rating, citing ongoing poor performance.
BUX – BUXTON RESOURCES – down four cents, or 10.5 per cent, at 34 cents
The father of three Australian children killed on board Malaysia Airlines flight MH17 has taken indefinite leave from his job as head of Buxton Resources.
CTY – COUNTRY ROAD – up 20 cents, or 1.2 per cent, at $16.75
The $209 million offered to retail veteran Solomon Lew for his stake in Country Road is significantly higher than an independent valuation of the shares.
FJX – FAIRFAX MEDIA – up 1.5 cents, or 1.7 per cent, at 92.5 cents
Australia’s richest woman Gina Rinehart appears to be mulling whether to seize control of Fairfax Media.
QFX – QUICKFLIX – up 0.4 cents, or 40 per cent, at 1.4 cents
NEC – NINE ENTERTAINMENT – up two cents, or one per cent, at $2.10
Nine Entertainment has become a major investor in movie and TV streaming service Quickflix.
SPL – STARPHARMA – up 11.5 cents, or 19.7 per cent, at 70 cents
A revolutionary condom featuring a gel that attacks sexually transmitted viruses has been given the go ahead for sale in Australia.
