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<WIRE> Austco Healthcare (ASX:AHC) Soars to an 8-Year High Following A$2.6 Million Contract

Austco Healthcare (ASX:AHC) shares experienced a significant leap of as much as 14.3%, reaching a price of A$0.200.

This represents the highest level the shares have reached since June 26, 2015.

The healthcare communication services provider recently secured a A$2.6 million contract.

The deal involves the provision of the Tacera Nurse Call platform to Mount Elizabeth Hospital in Singapore.

Austco Healthcare anticipates revenue recognition from the contract to commence in FY24 and expects completion by FY25.

The stock has seen a 45.8% increase this year, calculated according to the most recent closing price.

Austco Healthcare is a provider of healthcare communication services.


<WIRE> Western Gold (ASX:WGR) Surges Following Deal to Acquire Mineral Prospects in Sweden

Shares of Western Gold (ASX:WGR) experienced an uptick as high as 62.5% to A$0.065, potentially marking their best performance if the increase persists.

Recent trading has pushed the stock to its highest level since February 13.

The gold mining company announced it will acquire Euro Future Metals.

This company holds the exploration permits for three high-grade rare-earths and graphite prospects in Sweden.

Additionally, Western Gold has secured commitments to raise A$1.5 at A$0.035 per share, coming in at a 12.5% discount to the stock’s last closing price.

This surge of activity comes in spite of a 43.7% downturn in WGR’s stock year-to-date, as of the last close.

Western Gold Resources is a company engaged in gold mining.


<WIRE> BlueScope Steel (ASX:BSL) Rises on Increased Share Buyback Program

Shares of BlueScope Steel (ASX:BSL) witnessed as much as a 3.6% rise, reaching to A$21.290, their highest level since August 15.

The steel producer announced it approved a A$400 million increase to its share buyback program.

This is set to be bought over the next 12 months.

Furthermore, BlueScope Steel (ASX:BSL) reported an underlying NPAT of A$1.10 billion in Fiscal Year 2023, opposed to the A$2.70 billion recorded last year.

The company declared a final full-frank dividend of 25 Australian cents per share.

The performance of BlueScope Steel’s stock (ASX:BSL) has been quite impressive, it has risen 22.1% this year as of the most recent close.

BlueScope Steel (ASX:BSL) is a key player in the steel production industry, notably recognized for its high-grade products and strategic market presence.



<WIRE> Audinate Group (ASX:AD8) Hits Record High on Strong Fiscal Year Results

Shares of Audinate Group (ASX:AD8) surged as much as 21.4% to a record high of A$12.500.

This marks the stock’s best performance since October 15, 2020, should the gains hold fast.

The surge occurred after the audio-visual tech company announced its fiscal year profits as A$10.6 million, compared to a loss of A$4.5 million last year.

The company reported its revenue from ordinary activities, which rose 50.6% to A$69.7 million.

The stock has seen an increase of 37.7% this year, as of the last closing price.

Audinate Group is an audio-visual tech company specializing in the development and distribution of innovative products.


<WIRE> Premier Investments (ASX:PMV) Jumps Dramatically on Positive FY23 Expectations

Shares for Premier Investments soared up to 12.8% to A$24.54, marking their largest intraday jump since September the previous year.

The fashion retailer projects FY23 EBIT to range between A$355 million and A$357 million for its premier retail division.

Last fiscal year, the company had reported an EBIT of A$335 million for the same sector.

The company anticipates total global premier retail sales for the 52 weeks ending on July 29 to reach A$1.64 billion, a 9.7% increase compared to FY22 sales.

Additionally, Premier Investments announced that it has initiated a formal review to inspect its corporate, operational, and capital structure.

The shares of the company reached their highest value since May 23, 2023.

As of the last close prior to this jump, the shares were down by 10.9% year-to-date.

Premier Investments is a global fashion retailer operating in multiple countries.



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<WIRE> Reliance Worldwide Corporation (ASX:RWC) Forecasts Lower H1 Operating Margins for FY24

Reliance Worldwide Corporation (ASX:RWC) is forecasting that its first half operating margins will be down for FY24.

Inventory reduction initiatives that started in FY23 will continue into the first half of FY24.

In the consolidated view, the company expects a dip in its revenues by a low single-digit percentage for FY24.

Capital expenditure is projected to range between $55 million and $60 million.

The target for the company is to stabilize operating margins for FY24 in line with FY23.

Expected sales in the Americas for FY24 are forecasted to fall by a low single-digit percentage compared to previous corresponding periods (PCP).

New home construction activity is expected to significantly decline in a few markets for FY24.

Operating cash flow conversion is anticipated to return to usual levels of around 90% for the fiscal year.

Net interest expense for FY24 is expected to reside within the range of $28 million to $31 million.

Overall, operation margins in Asia Pacific for FY24 are forecasted to be about one third less than FY23.

Reliance Worldwide Corporation is a company engaged in the design, manufacture and supply of high-quality brass, steel and plastic fittings and valves for use in the plumbing and heating sectors.


<WIRE> Insurance Australia Group (ASX:IAG) Enters FY24 with Positive Momentum

Insurance Australia Group (ASX:IAG) has announced that it commenced fiscal year 2024 with a positive trajectory.

The company reported an underlying insurance margin of 12.6% for the fiscal year 2023.

Furthermore, Insurance Australia Group (ASX:IAG) reported an insurance margin of 9.6% for the same fiscal year.

The company also estimates that approximately 20% of the premiums collected currently cover reinsurance costs and perils allowance.

Insurance Australia Group (ASX:IAG) is a leading general insurance company, known for providing a range of personal and commercial insurance products to customers in Australia.




<WIRE> Audinate Group (ASX:AD8) Continues With Near-Record Demand as it Enters FY24

Audinate Group (ASX:AD8) says it has entered the financial year 2024 (FY24) with demand maintaining near-record levels.

The company intends to persist its focus on profitable growth and improvements in operating cash flow.

It also anticipates doubling its revenue in the medium term and expects its gross profit growth in US dollars in FY24 to be in line with its historical performance.

Audinate Group also envisages achieving its goal of doubling revenue in the medium term in FY24.

Furthermore, the company sees the economic environment as favorable for bolt-on M&A opportunities going forward.

However, it stays vigilant about the potential softening of the global economic conditions over course of FY24.

Audinate Group is a leading provider of professional digital audio networking technologies globally.