MARCUS HARRIS CHAIRMANS ADDRESS KRUCIBLE METALS LTD 2010 ANNUAL GENERAL MEETING I would like to take the opportunity to make several comments about the progress of the Company in the context of Australias 600 or more listed small cap minersexplorers. Krucible Metals has issued similar announcements 18 times before, most recently about 0 minutes ago on Monday 30 August 2010. The announcement ‘Chairmans Address at Annual General Meeting 2010’ was issued to the ASX on Tuesday 30 November 2010. Notice Type: Exploration Update
Month: November 2010
30 November 2010 Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 Results of Annual General Meeting The company advises that the result of resolutions considered by shareholders at the Annual General Meeting of Segue Resources Limited held on 30 November 2010 were as follows: 1. Segue Resources has issued similar announcements 28 times before, most recently about 0 minutes ago on Friday 29 October 2010. The announcement ‘Results of Meeting’ was issued to the ASX on Tuesday 30 November 2010. Notice Type: Other not one of the above
Nora Scheinkestel , Non Executive Director of Orica, has acquired 595 ordinary shares at a value of 15,119 in Orica ASX:ORI.Nora Scheinkestel previously held 16,827 ordinary shares at a value of 427,574.The director now holds 17,422 ordinary shares at a value of 442,693. Orica has issued similar announcements 73 times before, most recently about 0 minutes ago on Thursday 25 November 2010. The announcement ‘Change of Directors Interest Notice’ was issued to the ASX on Tuesday 30 November 2010. Notice Type: Directors Interest Notice Change
Simon Fleming has declared final interest in Segue Resources following resignation on Tuesday 30 November 2010. Segue Resources ASX:SEG notified the market by issuing an Appendix 3Z Final Director’s Interest Notice to the ASX on Tuesday 30 November 2010. Segue Resources has issued similar announcements three times before, most recently about 0 minutes ago on Friday 16 July 2010. Notice Type: Directors Interest Notice Final
On Tuesday 30 November 2010, 8:53
Struggling Japan Airlines (JAL) on Tuesday said it had won
approval from the Tokyo district court for a rehabilitation
plan that will see thousands of job cuts, route closures and a
“The court today formally approved the restructuring plan,”
said Hideo Seto, president of the Enterprise Turnaround
Initiative Corp. (ETIC), which is charged with leading the
“A new JAL can now arise,” he said.
In January the flagship carrier went under owing 26 billion
dollars in one of Japan’s biggest-ever corporate failures, but
has continued flying while it goes through a painful state-led
The airline, which delisted from Tokyo’s stock exchange in
February, submitted in August to the Tokyo court its
rehabilitation plan, which at the time included a debt waiver
worth 521.5 billion yen (6.2 billion dollars) and the loss of
more than 16,000 positions.
The court’s decision came after most major banks and creditors
of the ailing carrier approved the plan.
“We promise we will be born again,” said JAL president Masaru
With the court’s approval, ETIC will inject 350 billion yen
into the JAL group.
In August the carrier said it would cut loss-making
international and domestic routes by the end of fiscal 2012
while looking into the possibility of launching a low-cost
JAL said it would achieve personnel cuts by encouraging early
retirement and selling subsidiaries, reducing staffing numbers
to 32,600 at the end of fiscal 2010 from 48,714 at the end of
However, the carrier’s restructuring efforts could be hampered
by plans to terminate the employment contracts of around 200
pilots and cabin attendants, which have drawn criticism from
labour unions who may take strike action.
On Tuesday 30 November 2010, 17:21
* S&P/ASX 200 index closes down 34.2 points at 4,584.3
* Miners lead falls, Rio Tinto down 1.9 pct
* Higher oil prices buoy energy stocks (Updates to close)
MELBOURNE, Nov 30 (Reuters) – Australian shares fell 0.7
percent on Tuesday in widespread selling that hit banks and
miners to property stocks and staples on lingering uncertainty
over euro zone debt woes and Chinese moves to cool growth.
Energy companies dodged the sell-off, following a rally in oil
prices, while top insurer QBE also bucked the trend, bouncing
off a 20-month low.
Dealers said the market was stuck in a holding pattern which
could only be broken if investors offshore shifted focus away
from the European and Chinese macroeconomic concerns.
“Things can change very quickly. It could be we get a good
(U.S.) non-farm payroll report later this week. That might
return the focus to the domestic economy in the U.S. and some
of these macro issues might get brushed aside for a while,”
said Cameron Peacock, a market analyst at IG Markets.
The top miners came under the most pressure on Tuesday after
metals prices fell on worries about further Chinese moves to
stave off inflation, which could trim metals demand.
Rio Tinto fell 1.9 percent to A$82.21, while BHP Billiton fell
1.2 percent to A$42.74.
The benchmark S&P/ASX 200 index ended down 34.2 points at
4,584.3, according to the latest data.
New Zealand’s benchmark NZX50 index slipped 0.2 percent to
close at 3,264.5.
While most banking and insurance stocks slid, QBE rose 0.8
percent to A$16.83 on nearly double its normal volume, with
bargain hunters snapping up the stock.
“On a valuation basis, it looks reasonably cheap,” said Steven
Robinson, senior investment manager at Alleron Investment
He said the insurer needs to deliver on growth forecasts tied
to its recent acquisitions to justify an improving share price.
Troubled farm chemicals maker Nufarm rose 2.25 percent after
securing a new A$900 million ($863.7 million) loan facility,
allowing it to focus on a strategy review to overcome a sharp
slide in its core weed-killer business. [ID:nSDYTME6IJ]
Woodside Petroleum rose 0.6 percent to close at A$41.95,
boosted by a oil price gains, despite revising up the cost of
its first-stage Pluto liquefied natural gas project by almost 7
percent and delayed its start-up. [ID:nSDYTME6IJ]
Grocery wholesaler Metcash slid 2.6 percent to A$4.17 after
warning it could struggle to meet full-year earnings guidance.
The company reported a 0.9 percent rise in first-half net
profit. (Reporting by Sonali Paul and Michael Smith; Editing by
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THE share market slid on Europe’s sovereign debt woes and
lower commodity prices, with the energy sector one of the few
The benchmark S&P/ASX200 index was down 34.2 points, or
0.74 per cent, at 4,584.3, while the broader All Ordinaries
index fell 30.3 points, or 0.64 per cent, at 4,676.4.
On the ASX 24, the December share price index futures contract
was down 26 points at 4,593 with 31,583 contracts traded.
Ord Minnett private client adviser Jon Hancock said resources
stocks had taken the brunt of the falls following a drop in
commodity prices in Europe overnight.
Market heavyweight BHP Billiton lost 50c, or 1.16 per cent, to
$42.74, while rival Rio Tinto fell $1.63, or 1.94 per cent, to
Energy stocks fared better, with Oil Search up 10c, or 1.49 per
cent, to $6.83 and Woodside Petroleum firming 24c, or 0.58 per
cent, to $41.95.
“Volumes are fairly light today based on investor concerns over
further falls,” Mr Hancock said.
Fears of contagion in Europe after Ireland’s bailout package
was announced, along with market expectations of a contraction
in GDP growth for the September quarter, would ensure the
absence of a Santa Claus rally in the lead-up to Christmas, he
The September GDP growth figure will be released by the
Australian Bureau of Statistics on Wednesday.
Mr Hancock said retail stocks could be hit by a negative growth
figure, and today most major retailers lost ground.
Woolworths lost 17c to $26.80, Wesfarmers declined 48c, or 1.5
per cent, to $31.46 and Myer Holdings fell three cents to
Metcash, Kathmandu Holdings, and The Reject Shop each lost over
2.5 per cent.
Metcash said its guidance for the second half of its fiscal
year is at risk if falling prices and rising business costs
Australia’s major lenders traded in negative territory.
Commonwealth Bank fell 29c, or 0.6 per cent, to $48.28 and
Westpac slid 18c, or 0.84 per cent, to $21.37.
ANZ Banking Group lost 12c to $22.66 and National Australia
Bank eased eight cents to $23.45.
Bank of Queensland was one of two bright spots among
financials, gaining 15c, or 1.31 per cent, to $11.60 while QBE
Insurance added 13c, or 0.78 per cent, to $16.83.
Among media stocks, News Corporation fell 15 cents, or 0.93 per
cent, to $16.06 while its non-voting scrip dropped 15c, or 1.03
per cent, to $14.35.
Telstra lost ground for the third consecutive trading session,
closing down three cents, or 1.06 per cent, at $2.81.
On Thursday last week the telco surged to a three-month high of
$2.88 after the government announced it would build the
national broadband network.
Singapore Telecommunications, owner of Optus, finished three
cents weaker at $2.81 on Tuesday.
Casinos operator Crown said revenue from its Australian gaming
and hotels operations since the start of the financial year are
up on same period in 2009.
Newly listed QR National gained three cents to $2.80 and is now
trading 15c higher than its closing price when the company
debuted on the market on November 22.
Shares in Nufarm gained 10c, or 2.25 per cent, to $4.55 after
the agrichemical company arranged a new $900 million loan that
will refinance its existing debts due to expire on December 15.
PharmaNet Group was the top traded stock by volume, with 198.4
million shares traded for $2.28 million.
PharmaNet’s stock firmed 0.2c, or 28.57 per cent, to 0.9c.
Preliminary national turnover reached 2.71 billion shares,
worth $6.29 billion, with 462 shares up, 644 down and 376
Metals Finance Corp ASX:MFC announces a change in management. Metals Finance Corp has issued similar announcements eight times before, most recently about 0 minutes ago on Tuesday 13 July 2010. The announcement ‘Full Year Statutory Accounts’ was issued to the ASX on Tuesday 30 November 2010. Notice Type: Appointments and Resignations
Beaconsfield Gold ASX:BCD announces a change in management. Beaconsfield Gold has issued similar announcements one time before, most recently about 0 minutes ago on Monday 18 October 2010. The announcement ‘AGM Voting’ was issued to the ASX on Tuesday 30 November 2010. Notice Type: Appointments and Resignations
National Australia Bank ASX:NAB has announced details of a Buy Back, Dividend or New Issue. The notice entitled ‘NAB 2010 Final DividendDRP and BSP Prices’ was published on Tuesday 30 November 2010. National Australia Bank has issued similar announcements 123 times before, most recently about 0 minutes ago on Friday 19 November 2010. Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return