Stocks of interest at the close of trade on the ASX on Wednesday, October 17:
TRS – THE REJECT SHOP – down $1.74, or 38.9 per cent, to $2.73
The Reject Shop has cut its profit guidance by about 40 per cent after a sales slump it’s linking to recent mortgage rate hikes.
TAH – TABCORP HOLDINGS – up 12 cents, or 2.6 per cent, to $4.76
Gambling giant Tabcorp is trying to head off a first strike over proposed management bonuses linked to its $11 billion merger with Tatts Group.
A2M – A2 MILK COMPANY – up 77 cents, or 8.5 per cent, to $9.80
A2 Milk said its revenue for the first three months of the year was consistent with company expectations. The company’s infant formula share had grown in China and the Mother and Baby retail store distribution had increased by 20 per cent.
BHP – BHP BILLITION – down 24 cents, or 0.7 per cent, to $33.66
The world’s biggest miner, BHP, says its first-quarter iron ore production has risen eight per cent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines.
BLD – BORAL LIMITED – up four cents, or 0.6 per cent, to $6.54
Building and construction materials maker Boral said it would sell its US Block business to Quikrete Holdings for $156 million.
APT – AFTERPAY – down $2.65, or 18.9 per cent, to $11.35
Shares in buy-now pay-later fintech Afterpay took a significant hit after to speculation it could face a Senate inquiry around its business practices.