TIM, NCM, Monadelphous Worst Performing Stocks on ASX Week 19 2007

Submitted by Share Trading on 18 May, 2007 - 11:52

Besides Timbercorp (TIM) losing 8 percent, other non-performing stocks this week were:
On the ASX100 indices, Newcrest (NCM) lost 60cents or 2.632 percent closing at $22.20 and on the ASX200 indeces Monadelphous Group (MND) lost 0.58 cents in value or 4.158 percent closing the week at $13.37. The All Ordinaries index closed at 6319.7 and the ASX200 index closed at 6312.5.

Timbercorp Limited is listed on the Australian Stock Exchange (ASX) under stock code TIM. Kevin Hayes is the Chairman of Timbercorp and Robert Hance is the CEO. TIM was listed on the Australian sharemarket on 30 May, 1996. The company is principally involved with Investment and Financial Services. Timbercorp is Australia's leading agribusiness investment manager, committed to creating investor wealth through substantial after-tax returns from sustainable export-based plantation forestry timber and horticulture. You can view their investor website here.

Newcrest Mining Limited is listed on the Australian Stock Exchange (ASX) under stock code NCM. You can view their investor website here. NCM was listed on the ASX on 4 June, 1987 as Newmont Mining. Newcrest Mining Limited was formed in 1990 from the merger of Newmont Australia Limited and BHP Gold Limited. Newcrest and its predecessors have a strong history of successfully exploring, developing and operating gold mines, predominately in Australia. Ian Smith is the CEO of Newcrest Mining and Don Mercer the Chairman. Current operations are: Ridgeway, Cadia Valley, Telfer, Toguraci and Cracow. They have current explorations in the Cadia District, Gosowong, Telfer District, Cracow and Ashburton, WA.

Monadelphous Group Limited is listed on the Australian Stock Exchange (ASX) under stock code MND. You can view their investor website here. MND was listed on the ASX on 28 March, 1991. Calogero Rubino is the chairman of Monadelphous and Robert Velletri is the managing director. The company provides engineering services within Australia. Monadelphous is a leading national engineering group providing extensive engineering construction, maintenance and industrial services to the resources, energy and infrastructure sectors. Monadelphous has operated for over 30 years and has a solid track record in the safe and reliable delivery of major multi-disciplinary construction projects and maintenance and industrial services for customers throughout Australia. Remember to do a little fundamental and technical analysis; good luck with your share trading!

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