Stocks to watch
Stocks of interest at the close of trading for Monday, September 30.
NUF - NUFARM - up $1.18, or 26.5 per cent, to $5.64
The agchem supplier will sell its South American business for $1.18 billion to Sumitomo, allowing Nufarm to reset and refocus on growing its European, Nuseed and North American businesses, while helping it shore-up a balance sheet that was once again weighed down by the extreme dry in Australia.
Z1P - ZIP CO - up 40 cents, or 9.4 per cent, to $4.65
The buy now, pay later company has called an extraordinary general meeting for October 30 to fund its acquisition of PartPay for $NZ50.8 million ($A47m), plus earn-out considerations of up to $NZ15 million ($A13.9m).
Zip shares are up 37.8 per cent this month.
SIV - SILVER CHEF - up one cent, or 1.5 per cent, to 70 cents
The troubled Brisbane hospitality equipment financing company has agreed to sell most of its business to Next Capital after the Sydney firm raised its price to $18.25 million, from $15 million.
If shareholders approve the sale the company will be left with few assets, no employees other than its directors, millions of dollars in the bank, no debt and $29.4 million in franking credits and $4.3 million in tax losses.
SSM - SERVICE STREAM - up two cents, or 0.8 per cent, to $2.62
The network services company has received a contract with Optus to install 5G network infrastructure over three years.
The company expects it to bring in revenue of $40 million over the first two years, with work starting early next year.
GTK - GENTRACK - down 51 cents, or 9.5 per cent, to $4.85
The utility and airport software provider says it expects to earn between $NZ25 million and $NZ26 million for the 12 months to September 30, down from the $NZ27 milliion to $NZ28 million previously forecast.
Gentrack blamed bad and doubtful debt provisions related to the UK utility market, which has experienced further deterioration after regulators impose price caps on retailers in January.
CPV - CLEARVUE TECHNOLOGIES - flat at 17.5 cents
The smart building materials company says Underwriter's Laboratories and International Electrotechnical Commission testing on its products are making progress, but taking longer than anticipated.
ClearVue makes "solar glass" products that can transform glass buildings into solar cells.
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