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<WIRE> Aussie Broadband (ASX:ABB) in Focus Following Strong Six-Month Gains

Aussie Broadband (ASX:ABB) is making headlines, with its stock value rising as much as 7.7% to A$3.340.

This comes with anticipation of marking its best day since late February if the current gains hold.

The telecom firm’s highest level since early May has been hit.

Additionally, the company posted a full-year net profit after tax of A$21.7 million, a significant increase from the previous year’s profit of A$5.3 million.

The company’s ordinary activities generated revenue that rose to A$788.0 million from A$546.9 million.

A strong start to FY2024 has been indicated by Aussie Broadband, with a projected capex sitting between A$47 million to A$52 million.

However, according to analysts at Jefferies, the company’s FY2024 guidance is currently below the brokerage’s expectation.

As of its most recent close, the stock had risen 18.8% for the year.

Aussie Broadband is an Australian telecommunications company specializing in internet and mobile phone services.


<WIRE> Simon Acomb Named Chief Financial Officer at Panther Metals (ASX:PNT)

Panther Metals (ASX:PNT) recently announced exciting changes in their executive body.

Simultaneously marking the start of Simon Acomb’s tenure as Chief Financial Officer, the company also announced the resignation of Ranko Matic from the same position.

However, Ranko Matic continues in his role as an executive director in the company.

Panther Metals is a mining and exploration company specializing in gold and high-value base metals.



<WIRE> Coventry Group (ASX:CYG) Declares Fully Franked Dividend Of 3.5 AU Cents Per Share

Coventry Group (ASX:CYG) has announced a fully franked dividend of 3.5 AU cents per share.

The company reported a statutory net profit for the year totaling A$2.5M.

Group sales for the financial year 2023 increased by an impressive 11.2% to A$358.5M.

Coventry Group (ASX:CYG) stated it will not be providing financial guidance for the fiscal year 2024 due to uncertainties.

Despite this, the company assured investors that demand remains robust from their primary end markets.

Coventry Group (ASX:CYG) is a leading company in its industry, earning substantial revenue from its varied operations.


<WIRE> Genetic Signatures (ASX:GSS) Anticipates Influenza B Detection to Loom Over Quarterly Sales

Genetic Signatures has announced that the detection of influenza B is expected to influence its quarterly sales.

In response to the situation, Genetic Signatures (ASX:GSS) has undertaken an investigation.

The issue, which is unique to the influenza B virus, is reportedly close to being resolved.

It was revealed that this season’s influenza B virus is not being consistently detected in a low portion of samples with low viral concentrations.

At present, Genetic Signatures (ASX:GSS) expects its forecast revenue to approximate A$2 million for Q1 of FY2023.

Meanwhile, the detection of the influenza A virus remains unaffected.

In the meantime, the current quarter’s sales of Genetic Signatures' Easyscreen™ respiratory pathogen detection kit have been impacted.

Genetic Signatures (ASX:GSS) is a biotech firm that specializes in the development of diagnostics for the rapid detection of infectious diseases.



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<WIRE> Duratec (ASX:DUR) Well Positioned To Achieve Growth Across Market Segments In FY24

Duratec (ASX:DUR) is well positioned to achieve growth throughout its various market segments in the fiscal year of 2024.

The company anticipates strong revenue growth in the mentioned fiscal year.

It also finds itself well equipped for a significant increase in the resources and energy sectors' spending on maintenance and decommissioning in the fiscal year of 2024 and beyond.

In the coming year, Duratec (ASX:DUR) expects the awarding of a number of significant contracts, which would hence drive further growth in the fiscal year of 2025.

Duratec operates in the construction and engineering services sector, specializing in the delivery of building, infrastructure and resource projects.




<WIRE> IPD Group (ASX:IPG) Declares Final Dividend Of 4.7 AU Cents Per Share

IPD Group (ASX:IPG) has declared a final dividend of 4.7 AU cents per share.

This comes as the company’s financial year revenue from ordinary activities increased by an impressive 28.3% to a total of A$226.9 million.

According to the group, it is well positioned to play a significant role in efforts towards decarbonisation.

After accounting for the costs attributable to its initial public offering (IPO), IPD Group’s net profit after tax (NPAT) from ordinary activities rose by 45.0% to A$16.1 million.

The group also confirmed that the effect of the recent interest rate increases has minimal impact on its business.

IPD Group (ASX:IPG) is a global diversified company, involved in various sectors including utilities and renewable energy.


<WIRE> Citi Lowers Price Target on Perpetual (ASX:PPT) Due to Lowered Earnings from Pendal, Share Values Decline

Perpetual (ASX:PPT) saw its price target cut by Citi analysts from A$30 to A$24.80.

The analysts also downgraded their stock rating from ‘buy’ to ‘neutral’, primarily due to decreased earnings from recently acquired Pendal (the main contributor to the company’s earnings).

Skepticism remains regarding a potential turnaround in Perpetual’s stock value being imminent.

The financial services firm’s FY25 EPS expectations faced a further reduction of 25% by Citi.

A majority (nine out of eleven) analysts recommend a ‘buy’ or higher for Perpetual, with two recommending a ‘hold’.

The consensus price target stands at A$29.75 according to Refinitiv data.

As a result of these developments, Perpetual shares fell by 5.4%, hitting their lowest since April 5.

This year, the total decline in stock value for Perpetual has been 4% as of the last closing.

Perpetual (ASX:PPT) is a global financial services company offering a range of services and products to individuals and corporate clients.