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<WIRE> Centuria Office REIT (ASX:COF) Shares Fall After Announcing FY23 Loss

Shares in Centuria Office REIT (ASX:COF) tumbled by as much as 4.6% to A$1.355, marking the largest intraday percentage fall since March 22.

The drop took the stock to its lowest level since June 26.

Centuria Office REIT (ASX:COF) shifted from profit to loss in its FY23 declaration.

The company also reported an 11.3% fall in FY23 funds from operations (FFO), falling short of Jefferies' expectations.

Further, its FY24 distribution per unit was reported to be 10.7% lower than consensus estimates.

Analysts at Jefferies expressed caution towards suburban office markets, indicating potential headwinds from work-from-home trends.

The stock’s performance has suffered this year with a cumulative fall of 7.2% as of the recent closing.

Centuria Office REIT (ASX:COF) is a real estate trust that operates office properties.


<WIRE> Growth Properties Australia (ASX:GOZ) Hits Over 3-Year Low After Announcing Annual Loss

Shares of the real estate giant, Growth Properties Australia (ASX:GOZ), fell up to 4.2% to A$2.53, reaching their lowest price since April 2, 2020.

The commercial real estate group disclosed an annual statutory net loss after tax of A$254.6 mln, showing a drastic difference from the previous year’s profit of A$459.2 mln.

However, the company also stated that their net property income noted a growth of 6.7%, reaching A$264.3 mln.

This growth was accompanied by higher interest rates and additional debt due to the funding of securities buy-back & an acquisition, leading to a substantial increase in the company’s interest costs.

The stock has seen a 11.4% drop year-to-date, based on the last close.

Growth Properties Australia is a leading firm in the real estate sector, specializing in commercial property management.


<WIRE> Telstra (ASX:TLS) Reaches Five-Month Low After Shelving InfraCo Stake Sale

Shares of Telstra Group (ASX:TLS) fell by as much as 4.2% to A$4.070, reaching their lowest level since March 16.

This stock’s intraday fall marks its biggest percentage drop since June 14.

Telstra Group, a telecommunications giant, has tabled plans to sale stake in InfraCo for at least the medium term, according to CEO Vicki Brady.

The company announced that the unit plays a significant role in meeting its long-term objectives after InfraCo Fixed reported a 4.1% increase in annual income to A$2.56 billion.

Telstra Group reported a FY profit attributable of A$1.93 billion, compared with A$1.69 billion in the previous corresponding period.

The company anticipates an underlying EBITDA between A$8.2 billion and A$8.4 billion for FY24.

Up till the last closing, the stock had increased by 6.5% during this year.

Telstra Group is an Australian telecommunications company offering a broad range of services including mobile, fixed lines and broadband.



<WIRE> MAAS Group surges to over 2-month high due to robust Fiscal Year results

Shares in MAAS Group Holdings (ASX:MGH) experienced a surge as much as 10.1% to A$3.150, their loftiest since June 8.

This construction services provider reported a 6% surge in Fiscal Year 2023 statutory net profit after tax to A$65.5 million ($41.83 million).

The company’s stocks had their most considerable intraday percentage gain since August 1.

The firm anticipates that Fiscal Year 2024 trading will generally line up with the run rate of the second half of FY23 on an annualized basis.

MAAS Group’s stock had risen 7.5% this year, as of the last close.

MAAS Group Holdings is a provider of construction services.


<WIRE> Australian Pacific Coal (ASX:AQC) Surges after Securing $50 Million in Debt Funding

Shares of Australian Pacific Coal (ASX:AQC) jumped as much as 19.4%, marking their highest point since May 18.

The coal mining company has secured a debt fund of up to $50 million from one of the leading global commodities trading firms.

The new influx of cash will be used to recommence operations at its thermal coal mine in New South Wales.

Sales from the Dartbrook mine are projected to begin in the first quarter of 2024, a move that will reinstate operations in the final quarter of 2023.

This comes despite the company’s stock declining by 27.9% this year up until the most recent close.

Australian Pacific Coal (ASX:AQC) is a coal mining company focusing on thermal coal production in New South Wales.


<WIRE> Aspen Group (ASX:APZ) Announces FY Profit After Tax Attributable Decline by 27.84% to A$54.4 Million

Aspen Group (ASX:APZ) has reported that its FY profit after tax attributable has fallen by 27.84% to A$54.4 million.

Alongside this, they also announced that their FY revenue from ordinary activities has risen by 41.69% to A$66.1 million.

Aspen Group is a property investment company that specializes in owning and managing a portfolio of properties to generate rental income and capital appreciation.


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<WIRE> Bell Financial Group (ASX:BFG) Reports Half-Yearly Profit After Tax A$11.1 Million

In its half-yearly financial report, Bell Financial Group (ASX:BFG) disclosed an after-tax profit of A$11.1 million.

This figure reflects an increase of 19.9%.

The report also revealed a fully franked dividend per share in the first half of the year as 3.0 Australian cents, a hike of 20% compared to the first half of 2022.

Furthermore, the company’s revenue for the first half was A$117.3 million, showing an increase of 8% compared to the same period in the previous year.

Bell Financial Group is a financial services company that provides a range of investment products and services.


<WIRE> Origin Energy (ASX:ORG) Sees Significant Jump in Shares Following Strong FY23 Results

Shares of Origin Energy (ASX:ORG) have experienced a significant rise, increasing as much as 2.15% to A$8.54.

This marks the largest intraday gain the Australia-based energy company has seen since March 27.

Further, the company’s stock has hit its highest level since July 31.

Origin Energy, the second-largest power producer in Australia, has reported a nearly 84% rise in FY23 underlying profit amounting to A$747 million.

The company anticipates that its main electricity-selling arm’s operating earnings will continue to grow into FY24.

Origin Energy has predicted FY24 underlying EBITDA for its main revenue driver, Energy Markets, to fall between A$1.30 billion and A$1.70 billion, which excludes Octopus Energy.

This forecast significantly overshadows the A$1.04 billion reported in FY23.

Finally, the company has declared a final dividend of 20 Australian cents per share.

As of the last close, ORG had risen 8.3% YTD.

Origin Energy (ASX:ORG) is Australia’s second-largest power producer.



<WIRE> Analysts Uncertain about Apprehensive Outlook for Endeavour Group (ASX:EDV)

Analysts from Jefferies and Morningstar express uncertainty regarding Australia’s Endeavour Group’s (ASX:EDV) outlook.

The company is projecting a sense of weakness and uncertainty.

Endeavour Group (ASX:EDV) is guiding their net interest expense to be around A$280 million to A$310 million, which according to Jefferies, creates a headwind of 4-8% for NPAT.

Further, management commentary suggests little change to consumer spending patterns across their retail and hotels segment which could potentially negatively impact their outlook.

Morningstar predicts essentially a flat net profit after tax for fiscal 2024.

The company, according to Morningstar, is expected to see a decline of 40 bps in their pretax profit margins in fiscal 2024.

Following a 4.3% drop on Wednesday, the shares are on course to further their losses, with a potential fall of as much as 3.5%.

The stock has dropped 10.4% this year up to the last close.

Endeavour Group (ASX:EDV) is a prominent Australian company with a focus on the retail and hospitality sectors.