AWB

AWB Limited, Elders Limited, Perseus Mining Limited, Graincorp Limited, Lynas Corporation Limited, Leighton Holdings Limited, Adelaide Brighton Limited, Alesco Corporation Limited, Hastie Group Limited and Brambles Limited are among the best Aussie shares from the ASX 200 index. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading.

Highest value winning stocks for this week of the top 10 Australian shares which are in the ASX 200. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading. Other lists of Australian companies by Market capitalisation.

Ansell (ANN), an Australia based company that operates in the gloves and other protective product industry was the worst performer in the ASX100 list for the 11th week. The company lost 5.6 percent or 65 cents to its stock price and was closed for the week at $12.18.

The Australia based agribusiness group AWB today announced that the company is expecting to post a loss for the year and willing to raise as much as $459 million at a huge discount in order to refinance a debt facility. According to AWB authority, the fund will be raised through fresh shares for $1 per share, which is offering a 31 percent discount to Tuesday’s closing price ($1.45).

AWB posted strong half- yearly results yesterday. It remains solid for two years despite facing consecutive drought years. The net profit after tax for the half year was $48.7 million which showed 96 percent increase from the corresponding year. EBITDA for past six months was up 53 percent to $110.7 million. The bottom line had provision of $26.4 million as a probable liability that may arise due to litigation by Standard Chartered Bank to AWB (USA). Standard Chartered has a long due dispute with AWB (USA) over a commercial promissory note. AWB kept its interim dividend of four cents.

Pan Australian Resources (PNA) was the overall best performing stock taking in a 13.09 percent increase. Among the best performing companies for the week 42 of 2007 on the Australian sharemarket were a mixture of energy, metal & mining, drilling services and agribusiness: Paladin Energy (PDN), Newcrest (NCM), Boart Longyear (BLY), Pan Australian Resources (PNA), AWB (AWB), Mt. Gibson Iron (MGX). All the above best performing stocks for week 42 managed more than 5 percent gain by the end of the trading week. The week’s highlight was the majority of metal and mining companies.

Among the best performing stocks last week (week 42) on the Australian sharemarket were a mixture of energy and mining companies: Nexus Energy (NXS), Paladin (PDN), Pan Australian Resources (PNA), AWB, Mt Gibson Iron (MGX), Sino Gold (SGX), Roc Oil (ROC) and Flight Centre (FLT). All the above best performing stocks for week 42 stocks managed more than 10 percent gain on the trading week. Nexus Energy was the overall winning stock taking in a 16 percent increase after new company takeover speculation and the recent increase in the oil price.

On the ASX100 index, Allco Finance (AFG) was the worst performing stock meanwhile on the ASX200 index, AWB (AWB) was the worst performing company listed. Allco Finance and AWB are the losers of the week for week 36 of 2007. Allco Finance lost 6.243 percent (-$0.55, closing $8.26) and AWB lost 12.458 percent (-$0.37, closing $2.60) after after admitting the drought will cause a big drop in this year's wheat harvest. AFG was previously a loser and a winner. AWB has also previously been a loser and a winner. The AUD/USD pair closed the week at 82.67 cents, gold at $700, the All Ordinaries at 6296.5 and the ASX200 index on 6278.