stocks

Whitehaven Stock Fell as it Fails to Find Buyers


Whitehaven Coal's (ASX:WHC) shares fell due to lack interest from buyers. The company has ended months of negotiations without striking a deal.

Managing director Tony Haggarty stated that the takeover deal is still up for grabs but he doesn't have high hopes for a good offer. "I don't expect that to happen," he said. "This has been a thorough process and I would expect that anybody who's seriously interested would have come forward."

AGL Energy plans to Fast-Track Wind Energy Project


AGL Energy (AGK), the leading energy company in Australia which focuses on a wide range of energy related businesses in the country including the sales of electricity and gas, energy processing infrastructure, power generation, natural gas production facilities development, extraction, exploration and coal seam methane gas (CSM) production is planning to “fast-track” the Macarthur wind farm that worth as much as $800 million.

Elders faces another Blow


Australia based Elders (ELD), the company which focuses on core rural and automotive operations saw its market capitalisation reducing to half based on the news of an impending loss for the year to September 30. Malcolm Jackman, the chief executive of the company has announced yesterday that the company may post a loss within the range of $8 million and $14 million for the year where less than a month ago he informed the investors that the turnaround of the company was right on track.

The Winners of the Week


St Barbara (SBM), a company that operates in the gold production and mineral exploration industry with main focus on mining and selling of gold, investments, mineral exploration and exploitation in Australia was the best performer of the week in ASX200 with a gain of 25.4 percent closing the week at 37 cents (market capitalisation $722.5 million). The company traded its stocks for 30 cents last week.

The Losers of the Week


iSOFT Group Limited (ISF), a company that is involved in the business of supplying software and IT solutions to healthcare providers was the worst performer in the ASX200 list for the week. The company had a market capitalisation of $254.3 million and lost 26.9 percent to its stock price closing for the week at 25 cents. These stocks traded for 34 cents a week earlier.

ASX Best Performers of the Week


Gunns (GNS), a fully integrated hardwood forest products company which is involved in milling, timber processing and merchandising, building and hardware supplies merchandising and so on was the best performer of the week in ASX200 with a gain of 12.7 percent closing the week at 45 cents (market capitalisation $359.0 million). The company traded its stocks for 40 cents last week.

ASX Worst Performers of the Week


iSOFT Group Limited (ISF), a company that supplies software and IT solutions to healthcare providers was the worst performer in the ASX200 list for the week. The company had a market capitalisation of $347.7 million and lost 40.7 percent to its stock price closing for the week at 34 cents. These stocks traded for 57 cents during the last week.

Top 3 Winning Companies of the Week


Eastern Star Gas (ESG), a company that concentrates on conventional and coalbed methane gas exploration and production was the best performer of the week in ASX200 with a gain of 22.7 percent closing the week at 87 cents (market capitalisation $754.5 million). The company traded its stocks for 71 cents last week.

Top 3 Losing Companies of the Week


Ausenco (AAX), a renowned company that operates in the engineering and project management facilities at a global; scale to the minerals processing and mining industries was the worst performing company in the ASX200 list for the week. The company had a market capitalisation of $286.3 million and lost 30.4 percent to its stock price and was closed for the week at $2.34. Its stocks were traded at $3.36 during the last week.

The Best Performing Stocks of the Week


Sigma Pharmaceuticals Limited (SIP), a company with focus on manufacturing, marketing and distribution of pharmaceutical products through drugstore and grocery channels was the best performer of the week in ASX200 with a gain of 37.1 percent closing the week at 48 cents (market capitalisation $565.7 million). The company traded its stocks for 35 cents last week.

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