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Stocks to watch at close on Tuesday

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Stocks to watch

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AAP

2012-11-20

Stocks to watch on the Australian stock exchange at close on Tuesday:

BTU - BATHURST RESOURCES LTD - down 0.5 cents, or 1.49 per cent, at 33 cents

Bathurst Resources chairman Craig Munro has thanked shareholders for their patience as the would-be Denniston Plateau coal miner deals with "what seems like the never ending appeals process that allows minority groups to stifle development in New Zealand".

BWD - BLACKWOOD CORPORATION LTD - down four cents, or 22.2 per cent, at 14.5 cents

Tinkler Group says the liquidation of its Mulsanne Resources over a failed $28.4 million debt to Blackwood Corporation will not affect its other companies.

FBU - FLETCHER BUILDING LTD - up 26 cents, or 6.07 per cent, at $6.07

Fletcher Building expects operating earnings to grow by as much as 22 per cent in the 2013 financial year as new home construction accelerates and the firm keeps a lid on costs.

LYC - LYNAS CORPORATION LTD - up 2.5 cents, or 3.93 per cent, at 66.0 cents

Rare earths miner Lynas expects production at its controversial plant in Malaysia to begin in December after long delays caused by environmental and political concerns.

NCM - NEWCREST MINING LTD - up 24 cents, or 0.96 per cent, at $25.24

Gold miner Newcrest says a new legal claim against licences granted to it by former NSW Labor powerbroker Eddie Obeid is without merit.

RHL - RURALCO HOLDINGS LTD - up six cents, or 1.9 per cent, at $3.20

ELD - ELDERS LTD - down one cent, or 6.9 per cent, at 13.5 cents

Ruralco Holdings says it does not yet know whether it will bid for Elders' rural services business.

TGA - THORN GROUP LTD - down 20 cents, or 10.1 per cent, at $1.78

Radio Rentals owner Thorn Group says its expansion plans and challenging market conditions are likely to cause a drop in its full year profit.

VAH - VIRGIN AUSTRALIA HOLDINGS LTD - down 1.5 cents or three per cent at 48 cents

Virgin Australia expects to improve its underlying financial performance in the 2012/13 financial year, but uncertain economic conditions have stopped it from providing more detail.