Stocks to watch early on Monday

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Stocks to watch on the Australian stock exchange on Monday December 10

MYR – MYER HOLDINGS LTD – down one cent at $2.16

Myer’s chairman Paul McClintock is confident the federal government will agree to demands by local retailers and force offshore online stores to pay GST on low-priced goods next year.

SOL – WASHINGTON H SOUL PATTINSON – up six cents at $13.09

BKW – BRICKWORKS LTD – down one cent at $11.23

Washington H Soul Pattinson chairman Robert Millner has defended the investment firm’s review of its cross-shareholding with Brickworks after major institutional shareholder Perpetual Investments expressed concerns about its independence.

SXL – SOUTHERN CROSS MEDIA GROUP LTD – up two cents at $1.105

The chairman of Southern Cross Media has written to the British hospital targeted by a radio station prank phone call saying it is reviewing the broadcast and processes involved.

TEN – TEN NETWORK HOLDINGS LTD – in trading halt, last traded at 32.5 cents

Mining billionaire Gina Rinehart is believed to have given her last-minute support to the troubled Ten Network’s $230 million capital raising.

VRL – VILLAGE ROADSHOW LTD – down five cents at $3.75

Village Roadshow will sell its distribution centre in Sydney which currently handles more than 36 million DVDs.