(Reissues to correct day reference in first par)
SYDNEY, Dec 12 AAP – Stocks to watch on the Australian stock exchange on Monday:
AGK – AGL ENERGY LTD – down 17 cents at $14.42
Hunter Valley winemakers are going to expel natural gas company AGL from their ranks because of its coal seam gas exploration.
AMP – AMP LTD – down two cents at $4.30
Investment manager AMP Capital Investors will expand its presence in Japan through a partnership with a Japanese trust bank.
EXT – EXTRACT RESOURCES LTD – up 38 cents at $8.47
The corporate watchdog says a Chinese state-owned power company has to launch a $2.2 billion takeover for Australian uranium company Extract Resources if the Chinese group is successful for its bid for Extract’s 43 per cent shareholder.
HVN – HARVEY NORMAN HOLDINGS LTD – down two cents at $2.09
Harvey Norman says it did not knowingly mislead consumers when it advertised 3D televisions in regional areas where such broadcasts were not available, although a court has found otherwise.
MGX – MOUNT GIBSON IRON LTD – down 1.5 cents at $1.255
Mount Gibson Iron managing director Luke Tonkin has left the miner ahead of his planned departure date after talks with other board members about his termination package collapsed.
TCL – TRANSURBAN GROUP – down six cents at $5.57
Toll road operator Transurban has refinanced $375 million of debt maturing in August 2012 with a new bank facility.
TEN – TEN NETWORK HOLDINGS LTD – down 1.5 cents at 90.5 cents
Ten Network chairman Brian Long says conditions in the advertising market are still difficult and were expected to remain so, although December has provided some encouraging signs.
TLS – TELSTRA CORPORATION LTD – down four cents at $3.23
Telstra says its revised submission to the competition regulator regarding its participation in the national broadband network does not require further shareholder approval.
