Stocks to watch on the Australian stock exchange on Monday, Aug 24:
AFJ - AFFINITY - up 4.5 cents, or 5.6 per cent, at 85.5 cents
GEM - G8 EDUCATION - down 12 cents, or 3.6 per cent, at $3.20
Childcare operator Affinity Education is in takeover talks with private equity firm Anchorage Capital Partners after rejecting overtures from G8 Education.
BLY - BOART LONGYEAR - down 0.8 cents, or 8.9 per cent, at 8.2 cents
Boart Longyear's chief executive Richard O'Brien is stepping down from the helm of the drilling services company.
BSL - BLUESCOPE STEEL - up 29 cents, or 8.6 per cent, at $3.67
The future of BlueScope Steel's Port Kembla plant is "on a knife edge" after the steelmaker said it will cut at least 500 jobs to reduce costs in the face of cheaper imports.
CTX - CALTEX AUSTRALIA - down $2.20, or 6.9 per cent, at $29.72
Caltex Australia has flagged it is on the hunt for acquisitions and may consider returning cash to shareholders.
FMG - FORTESCUE METALS GROUP - down 28 cents, or 14.6 per cent, at $1.635
Fortescue Metals boss Nev Power is counting on the Chinese government's stimulus measures to boost demand for iron ore after the price slump in the commodity saw its full year profit dive 88 per cent.
HIL - HILLS - down 3.5 cents, or 8.1 per cent, at 40 cents
Technology specialist Hills has suffered an $86 million full year net loss following the completion of a major restructure.
LLC - LEND LEASE - down 59 cents, or 4.1 per cent, at $13.72
Lend Lease cut its final dividend to shareholders after a 25 per cent fall in full year profit.
MYR - MYER - down 3.5 cents, or 2.8 per cent, at $1.21
Myer has appointed a former Coles manager to be its dedicated digital officer as it strives to capitalise on the online shopping trend.
NHF - NIB HOLDINGS - down 15 cents, or 4.3 per cent, at $3.35
Health insurer nib lifted full year profit by eight per cent to $75.3 million, driven by an increase in customers and premium revenue.
PFL - PATTIES FOOD - up five cents, or 4.4 per cent, at $1.18
Patties Foods is aggressively expanding its gourmet pie business after taking a huge profit hit from the frozen berries contamination scare.
QFX - QUICKFLIX - steady at 0.2 cents
Struggling online streaming service Quickflix has abandoned plans to buy a Chinese film and TV company just weeks after flagging the deal.
S32 - SOUTH32 - down 11.5 cents, or 7.6 per cent, at $1.405
BHP spin-off South32 is looking to strip out a further $US350 million ($A480 million) in costs and has flagged a first dividend for shareholders in early 2016.