ferrets bourse

  1. blt
    164 Posts.
    Sydney - Friday - October 24: (RWE) -

    Some share price moves to keep an eye on in the market:

    ABIGROUP (ABG) up 25c to $4: Has recommended shareholders accept
    a $186 million takeover bid from Germany's Bilfinger Berger at $3.90
    cash a share. Shareholders will also receive a fully franked 10c special
    dividend if the offer becomes unconditional. CEO John Cassidy, who
    controls 45 per cent, and Vercot Pty Ltd, with 50.2pc, have indicated
    they will accept Abigroup's offer.

    AMCOR (AMC) down 20c to $8.56: Fell 17c yesterday after
    reporting net profit was down 6 per cent in the September quarter, due
    to the higher Australian dollar. The currency impact was also felt by
    Amcor's spinoff, Paperlinx, which was down 7c to $4.99. Its shares fell
    29c yesterday after quarterly earnings came in below expectations.

    NAMOI COTTON (NAM) up 2.5c to 44.5c: The co-operative today
    reported a 39 per cent fall in first-half net profit to $10.3 million
    but investors seem to be heartened by directors' improved full-year
    profit forecast of $7 million to $8 million, compared with last year's
    $9.8 million profit.

    JB HI-FI (JBH) down 5c to $2.20: Some investors are taking
    profits after yesterday's remarkable opening day on the market, which
    saw the shares touch $2.27 - well above both the final retail price of
    $1.55 and the $1.80 price paid by institutions in the float.

    QPSX (QPX) up 5c to 50c: Was up 10c. Received a favourable court
    decision in its DM125 million action against Siemens and
    DeutscheTelekom, clearing the way for consideration of the central
    technology infringment issue.

    BLACKMORES (BKL) up 10c to $8.15: Today's Stock to Watch. Rose
    18c yesterday after posting a $3.6 million net profit for the first
    quarter, up from $700,000 a year earlier. Sales were up 35 per cent.

    UECOMM (UEC) up 5.5c to 40.5c: Buying has gathered pace
    following this week's announcement of a 78 per cent rise in earnings for
    the first nine months of the year and positive forecasts for the full
    year and 2004.

    HIRE INTELLIGENCE (HII) up 1.7c to 11.5c: Sold a 10-year UK
    master franchise for $1.1 million, lifting Hire's forecast EBITDA for
    the 2004 year to between $2.2 million and $3.2 million. The group still
    expects to record a net loss of between $1.9 million and $2.7 million.
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