Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, Aug 31:

AEF - AUSTRALIAN ETHICAL INVESTMENT - up $1.50, or 2.7 per cent, at $57.00

Funds manager Australian Ethical Investment expects another strong year ahead as more investors seek out investments that match their principles.

ANN - ANSELL - up 17 cents, or 0.8 per cent, at $22.13

Gloves and condom maker Ansell plans a $US100 million ($A140 million) share buyback over the next 12 months.

BKN - BRADKEN - steady at $1.165

Mining services group Bradken has decided against a merger with Chile's Magotteaux Group, preferring to focus on a restructuring program it says is largely complete.

FWD - FLEETWOOD CORPORATION - down 31 cents, or 16 per cent, at $1.63

Mobile home and recreational vehicle supplier Fleetwood has suffered a fall in underlying annual profit amid problems with its caravans business.

MGC - MURRAY GOULBURN - up 8.5 cents, or 4.6 per cent, at $1.94

Dairy co-operative Murray Goulburn expects a recovery in dairy prices in the year ahead, which will deliver benefits to farmers.

NHC - NEW HOPE CORPORATION - steady at $1.785

The controversial expansion of the Acland open-cut coal mine is a step closer to being approved after the Queensland government released a draft environmental authority for the project.

QAN - QANTAS AIRWAYS - down three cents, or 0.9 per cent, at $3.36

Jetstar's new flight destinations in New Zealand have sparked a price war with Air New Zealand.

RDF - REDFLEX - down 10 cents, or 37 per cent, at 17 cents

A former US-based executive of Redflex Holdings has launched fresh legal action against the Australian red-light traffic camera company, which is mired in a multi-million dollar bribery scandal.

TSE - TRANSFIELD SERVICES - up 9.5 cents, or 8.8 per cent, at $1.17

Transfield Services' contract to run the Nauru and Manus Island offshore detention centres is expected to be renewed for another five years.

VET - VOCATION - down 0.4 cents, or 4.1 per cent, at 9.3 cents

Education provider Vocation is targeting a return to profitability within three years despite full year losses ballooning to more than $300 million in the wake of the scandal surrounding its Victorian operations.

Market Data

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