Stocks to watch on the Australian stock exchange on Tuesday December 11
AGO – ATLAS IRON – up nine cents or 6.9 per cent to $1.39
Iron ore miner Atlas Iron says it has completed a $US275 million ($A263.50 million) financing package to put it on track to produce 12 million tonnes per annum by December 2013.
BCI – BC IRON – in a trading halt, last traded at $2.93
FMG – FORTESCUE METALS GROUP – up 26 cents or 6.86 per cent to $4.05
BC Iron says it will acquire an additional 25 per cent of the Nullagine joint venture with Fortescue Metals Group for $190 million.
CRF – CENTRO RETAIL AUSTRALIA – up three cents or 1.32 per cent to $2.30
Shopping centre owner Centro Retail Australia is changing its name as it continues to rebuild after the global financial crisis.
MAH – MACMAHON HOLDINGS – in a trading halt, last traded at 26.5 cents.
Mining contractor Macmahon Holdings is poised for a capital raising as it battles to reverse a drop in earnings and tries to cut costs.
SXL – SOUTHERN CROSS MEDIA GROUP – down six cents or 5.43 per cent to $1.045
Shares in the owner of the Sydney radio station that aired a royal prank call that has been linked to a British nurse’s death have fallen after it suspended advertising on 2Day FM.
TEN – TEN NETWORK HOLDINGS – down 1.9 cents or 7.22 per cent to 25 cents.
Ten shares have slumped after the struggling free-to-air broadcaster completed the first part of a $230 million capital raising.
