Winners & Losers

Betcorp was once again the worst performing stock the third week running on the Australian sharemarket for week 42. The Betcorp stock lost 9 percent of their value this week after that devastating US legislation banning foreign internet gambling and on withdrawal of their US gambling businesses. It is also interesting to note that Betcorp (BCL) was also a loser of the week earlier in the year - in July: Betcorp (BCL): Loser.

PMP Limited was the best performing stock on the Australian stockmarket this week. (Winner of the week for week 41 of 2006). The PMP Limited stock closed the share trading week 25 percent higher after confirmation of an approach by a private equity group.

Betcorp was once again the worst performing stock on the Australian sharemarket. (Loser of the week for week 41 of 2006). The gambling stock closed the week dramatically lower at 44 percent following those unfavourable US legislative changes announced last week about Internet gambling. It is also interesting to note that Betcorp (BCL) was also a loser of the week earlier in the year - in July: Betcorp (BCL): Loser.

The worst performing stock on the Australian share market this week was Betcorp (BCL) closing down 60 percent on the week after the US Internet Gambling Prohibition Bill was passed.

The best stock performer on the Australian share market this week was PacMag Metals (PMH) up 118 percent after aUS copper discovery in Nevada, USA. (Winner of the week for week 40 of 2006)

Hardman Resources (HDR) was the best performing stock on the Australian sharemarket this week. (Winner of the week for week 39 of 2006). Hardman Resources stocks rose 56 percent on the week after a takeover offer. Hardman Resources is an Australian oil and gas exploration and production company listed on the Australian Stock Exchange and on the Alternative Investment Market (AIM) of the London Stock Exchange.

The loser of the week is retailer Colorado (CDO), which dropped 12 per cent after announcing a modest rise in profits. (The worst performing stock on the Australian sharemarket for week 39 of 2006). CDO was a winner of the week back in June 2006.

The worst performing company this week on the ASX was Gunns (GNS) (Loser of the week for week 38 of 2006). The Tasmanian woodchip company, fell 12 per cent this week.

Mayne Pharma (MYP) jumped 44 percent this week making them the best performing stock on the ASX this week (Winner of the week for week 38). The pharmaceuticals company saw a bid this week and the stock closed the week trading at a premium over the $4.10 share takeover price announced by the takeover group.

The best performer on the Australian Stock Exchange last week was Vision Systems (VSL). The winner of the week is a medical instruments company involved in Development, manufacture and distribution of pathology laboratory automation instruments and companion reagent. The company stock is up 25 percent after a second takeover bid.