Stocks to watch at noon on Monday

Stocks to watch on the Australian stock exchange at noon on Monday:

BLY - BOART LONGYEAR - up 1.00 cent, or 5.00 per cent, at 21 cents

Troubled drilling company Boart Longyear had halved its full year loss to $US333 million but warns its earnings remain under pressure.

BPT - BEACH ENERGY - down 1.25 cents, or 1.11 per cent, at $1.1175

Oil and gas business Beach Energy has suffered a $79 million half year loss after sliding prices hurt revenue and forced it to write down the value of its assets.

BSL - BLUESCOPE STEEL - down 47.5 cents, or 8.56 per cent, at $5.075

Australia's biggest steelmaker, BlueScope, has re-introduced dividend payments for shareholders after lifting first half profit and flagging a stronger full year result.

BXB - BRAMBLES - down 17.5 cents, or 1.63 per cent, at $10.545

Brambles has reaffirmed its full year profit guidance after the stronger US dollar crimped the company's first half profit.

CTX - CALTEX AUSTRALIA - down 52 cents, or 1.42 per cent, at $36.15

Caltex's underlying full year net profit has leapt 48 per cent to $493 million.

LLC - LEND LEASE - up 8.00 cents, or 0.47 per cent, at $16.93

The housing boom is expected to give a boost to global construction group Lend Lease, which has lifted its first half profit by 25 per cent.

NIH - NIB HOLDINGS - down 11 cents, or 2.30 per cent, at $3.56

Health insurer nib has recorded a small increase in half year profit amid heavy competition and rising healthcare costs.

OOH - OOh! MEDIA - up 2.5 cents, or 1.13 per cent, at $2.245

Newly-listed outdoor advertising group oOh!media has beaten its prospectus forecasts with a pro forma first half loss of $1.9 million.

UGL - UGL - down 11.5 cents, or 5.87 per cent, at $1.845

Engineering Group UGL has suffered a first half loss due to one-off writedowns and provisions as the slowdown in mining investment continues to bite.

VET - VOCATION - down 9.00 cents, or 36 per cent, at 16 cents

Troubled education and training group Vocation is in talks to sell some of its businesses and faces a writedown of up to $245 million.

Market Data

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