Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday:

AIO - ASCIANO - steady at $9.01

Rail and ports giant Asciano expects to hold its own despite tough market conditions, underlining its worth amid a long running takeover battle.

AGO - ATLAS IRON - up 0.4 cents, or 33.3 per cent, at 1.6 cents

The iron ore miner reported a half year loss of $114 million following substantial writedowns and falls in the iron ore price.

AVG - AUSTRALIAN VINTAGE - up one cent, or 2.4 per cent, at 42.5 cents

Winemaker Australian Vintage expects profit to grow now it has terminated the lease of the Del Rios vineyard in Victoria.

BCI - BC IRON - down one cent, or 7.7 per cent, at 12 cents

Iron ore miner BC Iron is looking to sell low grade iron ore to Fortescue Metals Group after reporting a $72.9 million half year loss amid falling prices.

BGA - BEGA CHEESE - up 12 cents, or 2.1 per cent, at $5.74

Bega Cheese has more than doubled its first half profit to $14.5 million as cost cuts helped offset weaker diary prices.

CVW - CLEARVIEW - down one cent, or 1.1 per cent, at 88 cents

Life insurer and financial adviser ClearView Wealth's half year profit fell 2.5 per cent to $7.54 million.

FLT - FLIGHT CENTRE - down 22 cents, or 0.5 per cent, at $40.28

Flight Centre has announced plans to expand further into mainland China and Europe after unveiling a 16 per cent jump in profit helped by record global sales.

FMG - FORTESCUE METALS - down 10 cents, or 4.8 per cent, at $2.00

Iron ore miner Fortescue will continue to cut costs after its first half profit slipped four per cent to $US319 million.

MAQ - MACQUARIE TELECOM - up 75 cents, or 8.8 per cent, at $9.25

Macquarie Telecom has swung to an interim net profit, driven by the telecommunication group's five per cent revenue lift, and upgraded its annual earnings forecast.

MEA - MCGRATH - down 25 cents, or 14.7 per cent, at $1.45

Recently-listed residential real estate company McGrath has posted a sharp fall in first half net profit, primarily because of costs related to its initial public offering.

QUB - QUBE HOLDINGS - up one cent, or 0.45 per cent, at $2.22

Logistics firm Qube's half year net profit dropped 10 per cent to $49 million, partly due to costs associated with its Asciano takeover bid.

REX - REGIONAL EXPRESS - down four cents, or 4.6 per cent, at 83 cents

Regional Express has posted its first loss in more than a decade due to the loss of a defence force contract.

RCG - RCG CORPORATION - in a trading halt at $1.65

The rise of `athleisure' has helped the retailer behind Vans, Skechers and The Athlete's Foot smash half year profit records, and the company says the fashion trend is here to stay.

SGH - SLATER AND GORDON - suspended at 83 cents

Law firm Slater & Gordon has voluntarily suspended its shares from trading as it prepares to declare an impairment on its troubled UK business.

SLK - SEALINK - down four cents, or one per cent, at $3.96

SeaLink Travel has agreed to buy Captain Cook Cruises in Western Australia for $12 million, as the ferry and tour operator expects a tourism lift from the recent opening of Elizabeth Quay.

SRX - SIRTEX MEDICAL - down $2.43, or 6.7 per cent, at $33.75

Cancer treatment developer Sirtex Medical says it has plenty of growth opportunities after a 47 per cent lift in half year profit.

TLS - TELSTRA - down one cent, or 0.2 per cent, at $5.16

Telstra has selected the boss of rail and ports operator Asciano as its new chairman to oversee the mobile giant's growth, particularly in Asia.

WES - WESFARMERS - down $2.12, or 4.9 per cent, at $41.50

Losses from the group's coal mines partly offset earnings gains from Coles and Bunnings, with half year net profit up 1.2 per cent to $1.39 billion.

WFD - WESTFIELD GROUP - down two cents, or 0.2 per cent, at $9.69

Westfield Corporation made a $US2.3 billion ($A3.19 billion) full year profit on the back of higher sales at its offshore shopping malls.

WOR - WORLEYPARSONS - down 55 cents, or 13.1 per cent, at $3.66

WorleyParsons will not pay an interim dividend after first half profit slumped 78 per cent to $23.1 million.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7520+0.0003+0.04%
    AUDUSD=X
    0.5720+0.0003+0.05%
    AUDGBP=X
    0.6736+0.0002+0.03%
    AUDEUR=X