Ferret's MARKET REACTORS - what's hot and what's not 12:26, Monday, 5 February 2007
Sydney - Monday - February 5: (RWE Australian Business News) - ***************************** Some share price moves to keep an eye on in the market:
MULTIPLEX GROUP (MXG) up 30c to $4.85: Today disclosed it had received a formal approach from Brookfield Asset Management that may lead to a proposal for the acquisition of Multiplex Ltd.
ARGO INVESTMENTS (ARG) up 23c to $8.89: Went as high as $9.20 on the back of a 92 per cent rise in first-half net profit to $133 million. Argo also announced a $441 million 1-for-8 issue at $7.20 a share.
ESSA (ESS) up 5c to 66c: Today posted a 114 per cent rise in net profit to a record $1.55 million for the December half-year.
EMPEROR (EMP) down 7c to 9.5c: Reinstated after warning the group was likely to lose between $200 and $230 million in the first half. Emperor is pursuing a restructure in order to retire debt and ensure the full potential value of company assets can be achieved.
EVANS & TATE (ETW) up 6c to 23c: Also reinstated today, after Yarraman Winery sweetened its conditional proposal. The revised offer is being considered by the board of Evans & Tate and its advisers.
RESOURCE PACIFIC (RSP) up 4c to $1.29: The coalminer today announced a 53% increase in estimated reserves to 111.5 million tonnes.
BLACK RANGE (BLR) up 7.5c to 27c: Has risen from 13c on January 30 as investors analyse the company's second-quarter reports.
CO2 GROUP (COZ) up 5c to 29c: Announced on Friday that it had created the first carbon credits from its CO2 Australia Carbon Sequestration Program. ENDS
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
