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<WIRE> Nuix (ASX:NXL) Predicts Positive Underlying Cash Flow for FY24

Nuix (ASX:NXL) has offered a promising outlook for the upcoming financial year, forecasting a positive underlying cash flow for the entire year.

Additionally, the company plans to expand its sales focus in an effort to drive new business.

An estimated 10% growth in ACV and constant currency statutory revenue is also on the radar for Nuix (ASX:NXL).

The company’s projections for FY24 include an expectation that revenue growth will surpass operating cost growth.

Nuix (ASX:NXL) is a global software company known for its expertise in intelligence, analytics, and cybersecurity.


<WIRE> Hotel Property Investments (ASX:HPI) Posts Fiscal Year Profit from Operating Activities After Tax

Hotel Property Investments (ASX:HPI) has reported a fiscal year (FY) profit from operating activities after tax of A$3.6 million, which marks a significant decrease of 98.30% from the previous year.

Despite the downturn in profit, the company recorded a total revenue from its investment properties at A$79.8 million, reflecting an increase of 7.92%.

Hotel Property also announced a trust distribution amount per stapled security of 9.4 AU cents.

Furthermore, the company has provided a distribution guidance of 19.0 AU cents per security for FY24.

Hotel Property Investments is a company that holds a real estate portfolio, consisting mainly of pub properties, within Australia.


<WIRE> Sonic Healthcare (ASX:SHL) Shares Tumble as COVID-Era Earnings Subside

Shares of Sonic Healthcare (ASX:SHL) dropped by as much as 6% down to A$31.93, marking their biggest intraday decrease since February 2022.

This sharp descent makes Sonic Healthcare one of the top 10 losers in the ASX 200 benchmark index.

The company’s current trading level is at its lowest since March 3.

Sonic Healthcare reported a FY23 net profit of A$685 million, which is a 53% decrease compared to the previous year.

Total revenue also fell by 13% settling at A$8.17 billion as earnings originating from the COVID era begin to wane.

The healthcare provider anticipates that the FY24 EBITDA will range between A$1.7 billion and A$1.8 billion, which is slightly higher than the A$1.71 billion accrued in FY23.

Despite the current downturn, Sonic Healthcare’s shares have climbed by 13.4% this year up to the last closing.

In contrast, the ASX 200 benchmark index only recorded a 2.2% increase.

Sonic Healthcare is a global healthcare company that specializes in providing laboratory services, imaging services, and primary care services.



<WIRE> Citi Reduces Price Target on Core Lithium (ASX:CXO) Due to Equity Raise Plans; Shares Fall Significantly

Analysts at Citi have lowered their price target for Australia’s Core Lithium (ASX:CXO) to A$0.40 per share from A$0.50, while maintaining a ‘sell’ rating.

The stock emerged as the biggest loser in the benchmark, plummeting by as much as 25.7% to A$0.405.

This is the biggest intraday percentage loss for the shares since March 13, 2020.

The shares suffered losses for the fourth consecutive day and hit a two-year low.

The company announced plans on Wednesday to raise approximately A$100 million to A$120 million, which represents a 27% discount.

The brokerage expressed surprise at the timing of the equity raising and questioned the outlook for the performance of the company’s Finniss lithium project.

Citi revised its model valuation estimates for the company after indicating that Core Lithium is dealing with more ramp-up challenges than other lithium producers.

The estimates include an EPS dilution in FY24 of 12% and 13% in FY25.

As of the last close, the stock has decreased 46.8% this year.

Core Lithium (ASX:CXO) is an Australian mining company that is primarily engaged in lithium exploration and production projects.


<WIRE> Inghams Group (ASX:ING) Posts Record Gains due to Large Final Dividend

Shares of Inghams Group (ASX:ING) have seen a substantial increase, surging as much as 17.3% to A$3.26.

This marks its largest intra-day jump to date.

The poultry producer declared a final dividend of 10 Australian cents per share, effectively bringing the total dividends for the year to 14.5 cents.

This is more than double from a year prior.

Inghams Group (ASX:ING) reports a significant 72.1% increase in its annual net profit after tax, amounting to A$60.4 million.

The company notes that the robust recovery in both revenue and profit during FY23, backed by the ongoing stabilisation of operations and a continuous recovery in farming performance, lays a solid foundation for future earnings growth.

The company’s stocks topped gains on the benchmark index, which is down 1%.

The stock additionally reached its highest point since March 10, with about 1.8 million shares changing hands, compared to the 30-day average volume of approximately 642,000 shares.

Despite the substantial gains reported today, Inghams Group (ASX:ING) shares are down 2.8% YTD as of the last close.

Inghams Group is an Australian-based poultry producer.


<WIRE> IPH Experiences Positive FY Results and Acquires IP Firm

IPH shares soared, seeing an increase of as much as 16.1% to A$8.50, reaching their highest value since March 10.

IPH (ASX:IPH), an intellectual property services provider, reported a 23% increase in its annual net profit after tax, raising it to A$64.5 million.

This substantial growth was driven by AUD/USD currency fluctuations and the acquisition of the Smart & Biggar business.

The company’s 2023 fiscal year revenue was A$496.2 million, representing a 29% increase, and a final dividend of 17.5 AU cents per share was declared.

Additionally, IPH (ASX:IPH) announced the acquisition of the Canadian IP services firm Ridout & Maybee for A$74 million - it will operate under the Smart & Biggar brand.

‘Solid result overall; coupled with the new acquisition, this should see the stock go up,’ UBS analysts commented.

Despite being one of the top gainers on the benchmark, the stock had decreased by about 16.2% this year up to the last close.

IPH (ASX:IPH) is a company that provides intellectual property services throughout the world.


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<WIRE> Evolution Mining (ASX:EVN) Falls Sharply on Weak Annual Profit

Shares of Evolution Mining (ASX:EVN) dropped as much as 4.3% to A$3.38, their lowest value since July 28.

The company’s stock is set for a potential fifth consecutive day of losses if the current trend holds.

The gold mining company reported a substantial 49% decrease in its net profit for the year, falling to A$163.5 million from A$323.3 million.

This was primarily caused by unwanted weather conditions disrupting operations at its Ernest Henry mine in Queensland.

Although the miner’s net profit saw a decline, Evolution Mining (ASX:EVN) did manage an 8% increase in its annual revenue, which rose to A$2.23 billion.

Moreover, the company announced a final dividend of 2 Australian cents per share.

Despite the recent drop, the company’s stock remains up approximately 18.5% for the year, as calculated from the last closing value.

Evolution Mining (ASX:EVN) is a gold mining company with operations primarily in the Ernest Henry mine in Queensland.


<WIRE> Origin Energy (ASX:ORG) Announces Final Dividend Of 20 AU Cents Per Share

Origin Energy (ASX:ORG) has announced a final dividend of 20 Australian cents per share.

Additionally, the company reported a full year profit attributable at AUD 1055 million, a significant improvement from the loss of AUD 1429 million in the previous year.

Total group revenue for Origin Energy (ASX:ORG) reached AUD 16,481 million, compared to AUD 14,461 million last year.

Moreover, the company sees its FY24 Australia Pacific Liquefied Natural Gas (APLNG) production between 680-710 petajoules.

Origin Energy (ASX:ORG)’s outlook for the fiscal year of 2024 predicts further growth in its energy markets underlying EBITDA, with Australia Pacific LNG production expected to rebound.

Origin Energy is an Australian energy company involved in oil and gas exploration, energy retailing, electricity generation and utility network management.



<WIRE> Origin Energy (ASX:ORG) Expects FY24 APLNG Capex and Opex to be Between A$2.8 – A$3.0 Bln

Origin Energy (ASX:ORG) announces its forecast for fiscal year 2024 capital expenditure (capex) and operational expenditure (opex) of the Australian Pacific LNG (APLNG) project, excluding purchases, to be between A$2.8 – A$3.0 billion.

As of August 7, the company has 3.7 million barrels of oil and 0.4 trillion British thermal units of JKM hedge contracts priced at US$86 per barrel and US$15 per MMBTU.

Origin Energy is an integrated energy company engaged in petroleum, power generation, and energy retailing.


<WIRE> Origin Energy (ASX:ORG) Forecasts Higher Energy Market EBITDA for FY24

Origin Energy has announced an anticipated increase in the underlying EBITDA of the energy markets for the fiscal year 2024, with projections ranging from A$1,300 to A$1,700 million.

Looking into fiscal year 2025, the electricity gross profit is predicted to drop below FY24 figures.

However, FY24 is anticipated to see improvements in their electricity gross profit.

The natural gas gross profit for FY24 is expected to moderate, primarily due to the increasing procurement costs consequent to repricing of supply contracts.

The company is in the process of getting bought by a consortium comprising of Brookfield Asset Management and MidOcean Energy, a process that continues to follow necessary regulatory stages.

FY24’s EBITDA from LNG trading is expected to be A$40 – A$60 million.

By FY25, the company anticipates a reduction in the electricity gross profit.

The company and the consortium are working diligently towards implementing the scheme early in 2024.

The EBITDA across the period of FY25 and FY26 for LNG trading is expected to fall within A$450 – A$600 million.

The Capex and Opex of APLNG unit over FY25 and FY26 is projected to decrease to A$3.6 – 4.1/GJ.

The consortium, along with Brookfield Asset Management, continues to move through the required regulatory stages for the acquisition of the company.

Origin Energy is looking at a lower EBITDA in FY24 from its share of Octopus Energy, which is currently in a high growth phase and continues to invest in international growth.

Origin Energy is a broad-spectrum energy company providing electricity, heating, and cooling services to customers globally.