<AD>

<WIRE> Eagers Automotive (ASX:APE) Sees Largest Drop in 2-1/2 Months Following Lower HY Profit Notice

Eagers Automotive (ASX:APE) shares have taken a tumble, dropping a staggering 7.2% to A$13.31.

This marks the most drastic intraday percentage fall since June 8, causing a stir in the market.

The automotive retailer announced its HY net profit attributable was down 19.5% year on year, coming in at A$137.8 million.

However, it’s not all bleak - revenue from ordinary activities rose by 14.3%, hitting a total of A$4.82 billion.

Eagers Automotive has also declared an ordinary interim dividend of 24.0 Australian cents per share, showing a slight increase from the 22.0 cents per share for 1H22.

Despite hitting their lowest level since July 3, Eagers Automotive shares are up by 32.2% year-to-date, as of the last close.

Eagers Automotive is a prominent automotive retailer.


<WIRE> Lovisa Holdings (ASX:LOV) Reaches a Two-Week Low due to Slow Start to Fiscal Year 2024

Shares of Lovisa Holdings (ASX:LOV) fell by as much as 10.3% to A$20.31, reaching their lowest level since August 10.

The company, a jewellery retailer, reported trading for the first seven weeks of the fiscal year 2024, which saw comparable store sales decline by 5.8%.

Lovisa has also reported a rise of approximately 20% in FY23 NPAT, while revenues increased by about 33%.

However, Citi suggested that revenues have missed the estimates by 6%, an outcome which could indicate a slower ramp-up of new stores or timing of new openings.

Additionally, the company noted that problems persist in the initial weeks of FY24, issues that it had already highlighted a month ago.

Citi has rated Lovisa as a ‘sell’ with an A$16 price target.

Towards the end of the previous trading session, Lovisa was down by 2.0% year-to-date.

Lovisa Holdings is a jewelry retailer with stores globally and its headquarters in Australia.


<WIRE> Judo Holdings (ASX:JDO) Shares Slide Following Cautious FY24 Outlook

Judo Capital Holdings (ASX:JDO) shares have dropped as much as 15.8% down to A$1.1, marking their lowest value since June 27.

The company, specializing in banking products and services, has recently posted a FY pretax profit of A$107.5 million.

This is a well-executed result, according to Citi.

However, all the attention is now shifting towards FY24.

The brokerage indicates that exceptionally strong lending growth often raises concerns over future asset quality among investors, and it points out a weaker-than-expected outlook.

Although the Australian economy continues to show resilience, Judo acknowledges potential ongoing risks brought on by the impact of high interest rates and inflation.

Some sectors are expected to be more affected than others.

Disclosures have revealed that Judo anticipates an unspecified, but seemingly substantial, NIM reduction in FY24 as the company raises funds to repay the facility in June 2024.

This is projected to result in consensus earnings downgrades in FY24, says Citi.

As of the last close, JDO shares are down 4.5% this year.

Judo Capital Holdings is a banking product and services company specializing in lending services for businesses.



<WIRE> Tabcorp Holdings (ASX:TAH) Posts Full-Year Group Revenue of A$2,434M

Tabcorp Holdings (ASX:TAH) recently reported full-year group revenue amounting to A$2,434M, marking an increase of 2% from the previous fiscal year.

Additionally, the company also posted a group statutory net profit after tax worth A$67M for financial year 2023.

It paid out a fully franked final dividend of 1.0 AU cent per share, with leading indicators of its digital segment performing well.

The company expressed its confidence in the outlook for FY25 and beyond due to these encouraging results.

Tabcorp Holdings is an Australian wagering, gaming and Keno operator and one of the world’s largest publicly listed gambling companies.



<WIRE> Perpetual Announces Final Dividend Per Share Of 65 Australian Cents (ASX:PPT)

Perpetual (ASX:PPT) has declared a final dividend per share of 65 Australian cents.

The company also exhibited an impressive growth in the financial year’s revenue from ordinary activities excluding income from structured investments, amounting to A$1,028.0 million, which indicates a rise by 37%.

Additionally, Perpetual’s underlying net profit after tax excluding significant items attributable has seen a 10% increase, accumulating A$163.2 million.

Perpetual is a leading financial services company in Australia, providing a broad range of products for investment, superannuation, retirement income, and insurance.


<AD>



<WIRE> IVE Group (ASX:IGL) Declares Final Dividend Of 8.5 AU Cents Per Share

IVE Group (ASX:IGL) has declared a final dividend of 8.5 AU cents per share.

The company’s fiscal year revenue rose by 27.8% to A$970.2 million.

The net profit attributable for the fiscal year was A$17.1 million, which contrasts with the prior year’s A$26.9 million.

IVE Group is optimistic about delivering healthy returns to its shareholders in the upcoming year.

IVE Group is a leading provider in the market for diversified printing services.




<WIRE> Horizon Oil (ASX:HZN) Announces Final Unfranked Dividend Distribution of 2 AU Cents Per Share

Horizon Oil (ASX:HZN) has declared a final unfranked dividend distribution equating to AUD 2.0 cents per share.

The company saw a financial year revenue increase of 41%, amounting to US$152.1 million.

Meanwhile, profit after tax surged by 80% to reach US$43.9 million.

The firm anticipates a further growth in operating cashflows in the near term.

Horizon Oil is a leading petroleum exploration and production company.