re: MAY:speculation AAP buy back
Today's Market News - Updated 10/05/02 -------------------------------------------------------------------- Stock to watch Brought to you by AAP -------------------------------------------------------------------- NAB - National Australia Bank Ltd - down 24 cents at $34.80. -------------------------------------------------------------------- National Australia Bank will extend its share buyback plan by another $1 billion after announcing a record first half profit of $2.256 billion. -------------------------------------------------------------------- SGT - Singapore Telecommunications Ltd - down one cent at $1.54. -------------------------------------------------------------------- Australia's second largest telco, SingTel owned Optus has posted an adjusted net loss of $402 million for the 12 months to March 31, 2002. -------------------------------------------------------------------- NCP - News Corp - up 17 cents at $12.15. -------------------------------------------------------------------- NCPDP - News Corp Preferred Scrip - up 14 cents at $10.35. -------------------------------------------------------------------- Shares in Rupert Murdoch's News Corp lifted after KirchPay TV finally filed for bankruptcy in Germany. -------------------------------------------------------------------- AMP - AMP Ltd - up 15 cents at $16.85. -------------------------------------------------------------------- Financial services giant AMP said it would sell the private asset management division of its Henderson Global Investors business for an undisclosed sum. -------------------------------------------------------------------- FOA - Foodland Associated Ltd - up 18 cents at $18.49. -------------------------------------------------------------------- Supermarket group Foodland Associated has reported a 26.7 per cent increase in third quarter sales from continuing operations. -------------------------------------------------------------------- MAY - Mayne Group Ltd - up 14 cents at $3.93. -------------------------------------------------------------------- Mayne shares rose 3.7 per cent as some quarters of the market speculated on the possibility it may announce a share buyback today. -------------------------------------------------------------------- WBC - Westpac Banking Corp - down eight cents at $16.20. -------------------------------------------------------------------- Westpac Banking Corp said the imminent $1.65 billion sale of its AGC consumer finance business will increase its net profit by at least $750 million. -------------------------------------------------------------------- AMC - Amcor Ltd - in trading halt. -------------------------------------------------------------------- Amcor is poised to become one of the world's biggest packaging companies with the $2.875 billion acquisition of key assets from German giant Schmalbach-Lubeca AG. -------------------------------------------------------------------- SEV - Seven Network Ltd - down seven cents at $5.99. -------------------------------------------------------------------- The Seven Network has scrapped its C7 Sport pay-TV channel, saying the service is no longer financially viable. -------------------------------------------------------------------- SSX - Smorgon Steel Group Ltd - in trading halt. -------------------------------------------------------------------- Smorgon Steel is looking to capitalise on recent strong demand for its shares, launching an equity rasing to pay down debt. -------------------------------------------------------------------- AXN - Axon Instruments Inc - down four cents at 36.5 cents. -------------------------------------------------------------------- Shares in medical instruments maker Axon Instruments tumbled to an all-time low after the company said it expected a loss of $US3 million ($A5.57 million) to $US4 million ($A7.43 million) for the first six months to June 2002. --------------------------------------------------------------------
SYB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
