Stocks to watch at close on Tuesday

STOCKS to watch on the Australian stock exchange at close on Tuesday:

BLY - BOART LONGYEAR LTD - down three cents at 88.5 cents

Mineral drilling services and products supplier Boart Longyear has named Jay Clement as its acting chief financial officer.

IFZ - INFRATIL LTD - up 25 cents at $2.15

Infratil, which is mulling the float of its Z Energy chain of petrol stations, reported a drop in full-year profit after writing down the value of its UK airports and recognising accounting charges.

MAH - MACMAHON HOLDINGS LTD - up 4.5 cents at 22 cents

Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment".

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Stocks to watch at noon on Tuesday

STOCKS to watch on the Australian stock exchange at noon on Tuesday:

CCV- CASH CONVERTERS - up 2.5 cents, or 1.9 per cent to $1.34

Cash Converters has obtained $60 million from Westpac Bank that the second hand dealer and short-term loan provider will use to grow its personal loan book.

KMD - KATHMANDU - down one cent or 0.5 per cent to $1.96

Kathmandu has defied difficult retail conditions to post a hefty rise in first half profit as new stores performed well and online sales grew.

SDL - SUNDANCE RESOURCES - in a trading halt, last traded at 21 cents

Sundance Resources says suitor Hanlong will not be able to meet its financial deadline for its $1.3 billion takeover of the Africa-focused iron ore hopeful.

UGL - UGL - up 83 cents, or 8.8 per cent to $10.26

MELBOURNE - Engineering and property services provider UGL is reviewing its corporate structure now that the property business generates nearly 50 per cent of group earnings.

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Stocks to watch at noon on Tuesday

STOCKS to watch on the Australian stock exchange at noon on Tuesday:

ALZ - AUSTRALAND PROPERTY GROUP - up five cents, or 1.46 per cent, at $3.47

Property developer Australand has confirmed several companies are interested in buying all or part of its business.

DLX - DULUXGROUP LTD - up 5.5 cents, or 1.34 per cent, at $4.145

TLS - TELSTRA CORPORATION - up six cents, or 1.33 per cent, at $4.58

TOL - TOLL HOLDINGS LTD - up 16.5 cents, or 2.80 per cent, at $6.605

Alesco Corp has lost its legal challenge over a dispute with New Zealand's Inland Revenue which could pave the way for the taxman to seek $NZ300 million ($A245.82 million) in unpaid tax from other Australian companies.

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