Stocks to watch on the Australian stock exchange on Wednesday, Oct 29:
AHF – AUSTRALIAN DAIRY FARMS GROUP – up two cents, or 10 per cent, at 22 cents
The first milk producer to list on the Australian share market says it is already looking at opportunities for expansion.
BCI – BC IRON – down 18.5 cents, or 14 per cent, at $1.14
BC Iron’s issued a disappointing quarterly report showing the junior iron ore miner is struggling to break even.
BGA – BEGA CHEESE – steady at $5.13
Russian trade sanctions and falling commodity prices are threatening to eat into profits at Bega Cheese.
BHP – BHP BILLITON – down 49 cents, or 1.45 per cent, at $33.32
BHP Billiton will try to sell the Arkansas gas assets that marked its first entry into the US shale industry in 2011.
CCL – COCA-COLA AMATIL – down seven cents, or 0.8 per cent, at $8.61
Fifty-seven jobs will be lost when beverages supplier Coca-Cola Amatil closes its production facility at Bayswater in Melbourne over the next 12 months.
CGF – CHALLENGER – down seven cents, or one per cent, at $6.72
Investment manager Challenger says its business may benefit from the share market’s current volatility.
DMP – DOMINO’S PIZZA – down 69 cents, or 2.4 per cent, at $28.27
Domino’s Pizza has upgraded its full year earnings forecast after first quarter sales beat the company’s expectations.
EGP – ECHO ENTERTAINMENT – steady at $3.53
Echo Entertainment has submitted its proposal to develop a casino on a prime real estate in Brisbane’s CBD.
SGP – STOCKLAND – up three cents, or 0.7 per cent, at $4.16
Property group Stockland says it is off to a strong start to the financial year due to new projects and strong real estate markets in Sydney and south east Queensland.
TAH – TABCORP – up four cents, or one per cent, at $4.03
Gaming group Tabcorp wants a more level playing field in relation to foreign companies taking bets from Australian residents.
VAH – VIRGIN AUSTRALIA – steady at 38.5 cents
Virgin Australia’s chairman Neil Chatfield is relinquishing his post after seven years.
WHC – WHITEHAVEN COAL – down one cent, or 0.65 per cent, at $1.52
Whitehaven boss Paul Flynn believes the worst is probably over for coal prices as demand for Australia’s second largest export catches up with supply.
WOR – WORLEYPARSONS – down 36 cents, or 2.65 per cent, at $13.25
Engineering firm WorleyParsons expects challenging conditions in global resources markets to continue.
