Potential performers in ASX200
As trading opens today, analysts polled by the International Business Times said these are the stocks to watch with the biggest potential.
Ports and rail operator Asciano Group, AIO - ASCIANO GROUP - up 1.5 cents at $1.69 yesterday, reported that it has completed the restructuring of its bank facilities.
The decision to lower toll fees for Brisbane's unpopular Clem7 tunnel, owned by RiverCity Motorway Group, has left its (at RCY - RIVERCITY MOTORWAY GROUP) share prices unchanged at 2.1 cents.
Although shares in Bauxite Resources Ltd slipped by 4 cents yesterday, BAU - BAUXITE RESOURCES LTD can still be a strong performer today.
On the other hand, Gindalbie Metals (GBG - GINDALBIE METALS LTD - down by 2.5 cents at $1.185 yesterday) disclosed that it is considering acquisitions in other countries and may even venture into coal.
Progen Pharmaceuticals, (PGL - PROGEN PHARMACEUTICALS LTD - up 1.5 cents yesterday) reported that a European patent has been granted for the preparation and use of sulfated oligosaccharides which includes muparfostat (PI-88).
Listed law practice Slater & Gordon's (SGH - SLATER & GORDON LTD - up four cents at $1.54) acquisition of a Queensland-based personal injury litigation firm, made waves at yesterday's close.
Paint maker Wattyl (WYL - WATTYL LTD - up 35.5 cents to $1.615) took a $142- million all cash takeover bid from US paint giant The Valspar Corporation. Valspar agreed to pay $1.67,Wattyl said.
WorleyParsons (WOR - WORLEYPARSONS LTD - up 35 cents at $22.15) obtained a contract to provide engineering services for Brazilian iron ore mining company Vale's S11D processing facility near Sao Paulo in Brazil.