Stocks to watch at close on Thursday

February 23, 2012

Stocks to watch on the Australian stock exchange at close on Thursday:

APN - APN NEWS AND MEDIA LTD - up 1.5 cents at 83.5 cents

APN News & Media has unveiled a $45.1 million full year loss as it prepares to expand its outdoor advertising business.

AUN - AUSTAR UNITED COMMUNICATIONS LTD - up 1.5 cents at $1.225

Regional pay television operator Austar's full year net profit rose by 21 per cent despite a fall in the number of subscribers.

BHP - BHP BILLITON LTD - down 18 cents at $36.23

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Jobs could be under threat at BHP Billiton's Tasmanian manganese alloy plant as the mining giant undertakes a three-month review of the operation.

CMJ - CONSOLIDATED MEDIA HOLDINGS LTD - down four cents at $2.75

Consolidated Media Holdings says net profit declined in the first half amid a very challenging retail environment and general economic uncertainty.

DJS - DAVID JONES LTD - down two cents at $2.55

David Jones says its second quarter sales fell 3.1 per cent in a challenging retail environment, as the department store retailer reaffirmed its first half guidance.

FXJ - FAIRFAX MEDIA LTD - down 0.5 cents at 82 cents

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Fairfax Media's first half profit fell by 44 per cent, adding that January's revenue also was down and difficult trading conditions would likely continue.

IAG - INSURANCE AUSTRALIA GROUP LTD - up 24 cents at $3.14

Insurance Australia Group's first half profit fell by 10.6 per cent after incurring $396 million in claims from natural disasters.

ILU - ILUKA RESOURCES LTD - down 57 cents at $16.86

China's hunger for mineral sands has helped propel Iluka's 2011 full year net profit 15 times higher from the previous year.

ORI - ORICA LTD - up 14 cents at $26.26

Chemical giant Orica's handling of a chemical leak from its Newcastle plant has been described as "grossly inadequate" in a scathing report by a NSW upper house inquiry.

ORG - ORIGIN ENERGY LTD - up 26 cents at $14.05

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