Stocks to watch on the Australian stock exchange:
MOC – MORTGAGE CHOICE – down 39 cents, or 20.6 per cent, at $1.50
Home loan broker Mortgage Choice is in damage control amid accusations its business model has pushed some franchisees into financial ruin, depression and to cut corners on loans.
QAN – QANTAS AIRWAYS – up 0.5 cents, or 0.08 per cent, at $6.345
Qantas Airways Ltd says it plans to change its website to refer to Taiwan as a Chinese territory, not an independent nation, but that it needs extra time to comply with the request from Beijing.
RFG – RETAIL FOOD GROUP – down 4.5 cents, or 5.8 per cent, at 73.5 cents
Gloria Jean’s and Donut King operator Retail Food Group expects to make a full-year loss of $87.6 million due to writedowns on some of its brands and the closure of up to 200 stores.