LA Private

November 2024

OFX Group reports flat revenue amid challenging market

OFX Group (ASX:OFX), a global foreign exchange and payment services provider, has released its results for the half-year ending 30 September 2024, showing mixed performance amid challenging economic conditions. The Group reported fee and trading income of $114.5m, nearly flat compared to the previous year, while net operating income declined 3.5% to $111.2m. Underlying EBITDA

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Storage gains: Abacus raises FY25 distribution guidance

Abacus Storage King (ASX:ASK), a leader in the self-storage sector across Australia and New Zealand, presented its financial update at the Annual General Meeting held today. Reporting on its portfolio’s strength, Abacus disclosed Funds From Operations (FFO) of $81.1m and a statutory profit of $138.2m for FY24. This performance was driven by a robust portfolio,

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Full steam ahead: Aurizon extends buy-back

Aurizon Holdings (ASX:AZJ), Australia’s largest rail freight operator, has announced a $100m extension to its on-market share buy-back program, bringing the total buy-back to $250m. The extension is backed by strong cash flows, supported by net proceeds from recent legal settlements. CEO Andrew Harding commented, “The combined $250m on-market buy-back reflects the strength of the

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Paladin plunges as it resets uranium goals

Shares in uranium miner Paladin Energy (ASX:PDN) plummeted today after the company announced a reduction in its FY2025 production guidance for its Langer Heinrich Mine in Namibia. The guidance has been revised to 3.0–3.6 million pounds (Mlb) of uranium, down from the previously projected 4.0–4.5 Mlb. This change reflects lower-than-expected production results for October 2024 due

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Stocks of the Hour: Nanoveu, DigitalX, Native Mineral Resources Holdings

Nanoveu Limited (ASX:NVU) has completed industry-standard benchmark testing for EMASS’s ECS-DOT SoC chipset in Anomaly Detection and Keyword Spotting. The ECS-DOT chipset outperformed competitors like Qualcomm and Himax, showing superior energy efficiency and positioning the company as a leader in ultra-low-power embedded AI applications. Shares are trading 13.85 per cent higher at $0.074. DigitalX Limited

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Game over for Plarium as Aristocrat cashes out

Aristocrat Leisure (ASX:ALL), a global leader in entertainment and gaming content, has announced the sale of its mobile gaming subsidiary, Plarium Global, to Sweden’s Modern Times Group for up to US$820m. Known for its electronic gaming machines and digital gaming platforms, Aristocrat operates across three main sectors: land-based gaming, mobile game publishing, and regulated online

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Semiconductor Australia 2024 highlights

The inaugural Semiconductor Australia conference was held on Thursday 24 October at Deloitte, Quay Quarter Tower, Sydney. Stefanie Winwood: Semiconductor Australia 2024 brought together the nation’s best and brightest semiconductor, quantum and photonics pioneers, who are advancing critical capabilities in the global chips race. Thank you in particular to our co-hosts, BluGlass (ASX:BLG), Sharecafe and

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