Ausdrill (ASL) shares strong after $98 million Fortescue contract

Ausdrill Shares – ASL wins $98 million contract with Fortescue. There’s an old saying when it comes to buying and selling resources-related stocks: “Why invest in the miners when you can invest in the guys selling shovels to the miners.”

Telstra Shares (TLS) at Record Lows – Sell Telstra Shares

Telstra analyst briefing ‘preaching to the compliant’ Telstra continued its dismal trading this week despite the company’s management making its best efforts to try and put a positive ‘spin’ on the company’s future. Telstra announced in a four-hour marathon analyst briefing this week that it would cut its workforce by 15 per cent and restated its belief that it could continue to maintain dividend levels.

KCN Kingsgate Consolidated Cuts production

KCN Kingsgate Shares News: Market remains positive on Kingsgate despite production cut Gold miner Kingsgate Consolidated (KCN) has cut its production forecasts for the September quarter due to heavy rainfall at its Thailand operations in recent weeks.

Atlas Iron (AGO) Shares- Potential to Produce $1b In 2 Years – Buy or Sell?

Atlas Iron (AGO) could be turning over nearly $1 billion within two years, according to Credit Suisse analysts, who have crunched the numbers on the iron ore miner’s latest production forecasts.

Cochlear, COH Shares Look A Buy – New Up trend on chart.

COH is a quality blue chip stock in the Bio Sector which has been heating up lately, just take a look at CSL shares,
up significantly over the past few weeks

Buy Aurox Resources Shares (AXO) takeover by Atlas Iron

Atlas Iron Ltd., an Australian iron ore producer, announced today they had agreed to buy Aurox Resources Ltd. for $143 million in shares. The deal will see Atlas with increased ore resources and port capacity.

Lihir Gold (LGL) Shares Fall As Company Exit Ballarat Operations

Lihir Gold Shares may have finally freed itself of the very expensive mistake on the Ballarat goldfield in Victoria that has cost it more than $400 million. The end of this expensive disaster will come when the would be buyer, Castlemaine Gold, raises around $20 million in a share issue which started Friday after the sale deal was revealed.

WDC – Westfield Shares Report Profit Earnings Increase

Westfield Group, the world’s largest shopping mall landlord by market value, posted an operating profit of A$2.06 billion ($1.86 billion) last year and said sees distribution of A$0.64 per security for 2010.

Westpac – WBC Earnings , Profits Increase

Australia’s Westpac Banking Corp said funding costs were rising and the pace of bad loan recovery would be measured, tempering expectations after a stronger-than-expected 33 percent rise in Q1 cash profit.

Shares in Westpac, which has already made 62 percent of a forecast record half year profit in its first quarter, rose over 5 percent, putting it on track to register its highest daily rise in a year.

ASX Share Market Recap 11th Feb

In Asia, equity markets are all higher in early afternoon trade, led by gains among material and bank stocks after lower-than-expected Chinese inflation numbers and an increase in Australian jobs tempered concerns that tighter monetary policy will weigh on growth. The Kospi and Hang Seng are the best performers, up 1.8% and 1.3% while the Nikkei 225 and Shanghai Composite are stronger by 0.3% and 0.2% respectively.