Stocks to watch on the Australian stock exchange on Wednesday, July 23:
AZZ – ANTARES ENERGY – up 0.5 cents, or 0.8 per cent, at 64.5 cents
Shareholders in oil and gas company Antares Energy, the target of a takeover bid, will meet in Perth late on Tuesday to vote on a proposal to sack two members of the board and appoint five new directors.
FFG – FATFISH INTERNET GROUP – up two cents, or 10 per cent, at 22 cents
The first “internet incubator” to list on the Australian Securities Exchange, Fatfish Internet Group, has made a positive trading debut.
KRS – KRESTA – steady at 23 cents
Australia’s biggest blind and curtain maker Kresta is urging shareholders to accept a $34.5 million takeover offer from China.
NCM – NEWCREST MINING – down three cents, or 0.3 per cent, at $11.43
Australia’s largest gold miner Newcrest is preparing to fight a class action by shareholders hurt by a massive financial writedown in 2013.
OSH – OIL SEARCH – up four cents, or 0.4 per cent, at $9.54
The ramp up of a massive liquefied natural gas project in Papua New Guinea has fuelled a surge in Oil Search’s quarterly revenue.