what the ferret is saying

  1. blt
    164 Posts.
    Some share price moves to keep an eye on in the market:

    NATIONAL AUSTRALIA BANK (NAB) down 40c to $29.32: Was down as
    much as 70c after the bank announced a lower-than-expected result for
    the year. Net profit rose 17 per cent to $3.96 billion while underlying
    cash earnings were $4.07 billion. Final dividend has been increased from
    75c to 83c a share. However, market observers showed some disappointment
    with the National's outlook for the current year.

    MACARTHURCOOK (MCK) up 12c to 80c: Rose 25c yesterday. Among the
    top risers again today in the wake of the company's deal to buy National
    Australia Fund Management from NAB for about $13 million. MacarthurCook
    is today's Stock to Watch.

    TRANSURBAN (TCL) up 14c to $4.12: Follows the tollroad owner's
    extremely positive annual meeting with directors expecting traffic
    growth to continue to lift revenue more than 10 per cent a year in the
    short term. Revenue is set to double over the next eight or nine years.

    AINSWORTH GAME TECHNOLOGY (AGI) down 3c to 51c: After the close
    yesterday the poker machine maker announced a $13.5 million 2-for-7
    issue of 32.9 million shares at 41c each. Executive chairman Len
    Ainsworth, who owns 52 per cent of the company, will take up his full
    entitlement in the rights issue.

    MAYNE GROUP (MAY) up 7c to $3.63: Yesterday's annual meeting was
    told earnings would rise again this year, excluding logistics and
    hospitals, despite the impact of the stronger Australian dollar.

    SILEX SYSTEMS (SLX) up 3c to 80c: Rose 18c in past two days.
    Claimed a major breakthrough when subsidiary Translucent Photonics
    demonstrated optical gain in silicon at room temperature. Silex CEO
    Michael Goldsworthy says, "Translucent's invention enables, for the
    first time, the possibility of integrating optical telecommunications
    and electronic processing in conventional silicon chips".

    COMPUTERSHARE (CPU) down 8c to $3.63: Was down 12c. The stock
    has enjoyed a strong run in the past month. Chairman Sandy Murdoch told
    the annual meeting today that results for the first quarter were above
    budget and considerably better than last year. He expected the company
    to achieve the high end of its full-year guidance of $140 million to
    $160 million EBITDA (excluding Georgesons).

    LEIGHTON (LEI) up 7c to $11.66: Touched $11.90 after subsidiary
    Thiess this morning said it had sold its 23 million shares in Portman
    for $33 million, realising a pre-tax profit of $16.6 million. Portman
    was down 9c to $1.51.

    IVANHOE MINES (IVN) up 60c to $12.60: Fell $3.25 in past three
    days. Today's rebound follows news of a resource upgrade at the Hugo
    Dummett Deposit.

    EXTRACT RESOURCES (EXT) up 0.2c to 2.6c: A re-estimation of the
    NOA2 resource by independent consultants has indicated increased ounces
    contained in the deposit. The NOA2 deposit is part of a joint venture to
    be owned 70 per cent by Burnakura, which will be acquired by Extract.
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