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ABN Newswire Stocks to Watch: February 10, 2010
ABN Newswire Stocks to Watch: February 10, 2010
Sydney, Feb 10, 2010 AEST (ABN Newswire) - Brickworks Limited (ASX:BKW) has entered into an agreement to purchase Brick and Block, a New South Wales-based producer of concrete masonry, for A$13.5 million. Brick and Block was placed into Administration in November 2009, at which point Receivers and Managers were appointed to sell the company's assets. The transaction will be completed in mid February 2010 and will be immediately earnings per share positive for Brickworks.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has announced interim results from the first round of drilling in its Arckaringa Basin Petroleum Exploration Licenses (PEL's) aimed at assessing the suitability of the Permian Mount Toondina coal seams for Underground Coal Gasification (UCG) and, indirectly, also assessing the Coal Seam Gas (CSG) potential at the selected locations.

The NewSat Limited (ASX:NWT) (OTC:NWTLY) said the business has turned an EBITDA profit for the 6 months ending 31 December 2009 with every key financial metric improving significantly in comparison with the corresponding period. The Group increased its annuity monthly revenue stream by almost A$300k per month during the six months whilst minimising contract churn. For the period, over 200 new high-grade enterprise contracts were signed with an average value of approximately A$30k per annum.


Michelle Liang
Asia Business News Asia Bureau
TEL: +61-2-9247-4344

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