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<WIRE> Seek Declares Final Dividend of 23.0 AU CPS (ASX:SEK)

Seek has announced its final dividend for 2023 at 23.0 AU cents per security.

The company also revealed a total reported profit after tax attributable to A$1,023.6 million for the fiscal year.

Additionally, Seek’s sales revenue from ongoing operations has risen by 10% to take the earnings to A$1,225.3 million.

Seek is a global leader in developing strategic recruitment and employment solutions.



<WIRE> Lake Resources (ASX:LKE) Experiences Significant Stock Uptick After Positive Test Results at Argentine Site

Shares of Lake Resources (ASX:LKE) scaled up to a peak gain of 23.8% at A$0.260, marking the highest level since July 24.

This stock leap made it the biggest gainer in the ASX All Ordinaries index.

Over 19.5 million shares were exchanged, which significantly surpassed the 30-day average of 10.3 million shares.

The company announced the completion of an intermediate milestone to conduct a definitive feasibility study at its main Kachi lithium project in Argentina.

The company also revealed that pumping tests have confirmed favourable hydrogeologic conditions for brine extraction.

Despite this success, Lake Resources saw a 73.8% fall this year up to the last close, compared with a 3.8% increase in the ASX All Ordinaries index.

Lake Resources is an Australian lithium miner focused on projects in Argentina.



<WIRE> GUD Holdings (ASX:GUD) Records Substantial Leap on Strong Earnings

Shares of GUD Holdings (ASX:GUD) experienced a significant surge of up to 14.9% to A$11.74, registering the largest intraday gain the company has seen since December 8, 2008.

The automotive parts manufacturer reported an annual underlying net profit after tax of A$118.7 million, an increase of 33% from the A$89.3 million the previous year, exceeding UBS estimates by 3%.

The company also declared a final dividend of 22 Australian cents per share, consistent with the previous year.

GUD’s AutoPacific Group division is projected to generate additional revenue and EBITA growth in FY24, according to the company.

The stock reached its highest price since June 1, 2022 due to the recent earnings report.

Over 620,000 shares were traded, a considerable increase compared to the 30-day average volume of roughly 316,000 shares.

Year-to-date, GUD Holdings stock has surged 34.8% as of the last closing price.

GUD Holdings is an automotive parts manufacturer.


<WIRE> Cochlear Jumps Following Positive Results and Outlook

Australia’s Cochlear (ASX:COH) shares rose by a substantial 7.9%, an intraday gain not seen since last February.

This increase boosted the firm’s stock to its highest since June 2.

Cochlear, a notable manufacturer of hearing devices, reported a full-year net profit of A$300.6 million, showing a growth of 4%.

The firm also revealed 19% uptick in their fiscal year sales, amounting to A$1,955.7 million.

Cochlear predicts an elevated net profit in FY24, ranging from A$355 million to A$375 million, which surpasses this year’s current total.

The company attributes it to solid market growth rates, which is emboldening high single-digit increases in Cochlear implant unit sales for FY24.

As last reported, the stock has seen a 14.3% expansion this year.

Cochlear is an Australian company known for producing medical devices that aid people with hearing difficulties.


<WIRE> Shares of Challenger Dwindle After Missing FY24 Outlook

Shares of investment management firm Challenger (ASX:CGF) took a steep downward turn, dropping as much as 5.9% to A$6.55.

This marks the biggest percentage loss the company has observed since March 14.

The share price also plummeted to its lowest level since July 13.

Challenger revealed a FY23 net profit attributable figure of A$287.5 million in comparison to last year’s A$253.7 million, while the company’s FY income from ordinary activities stood at A$2,459.3 million versus A$1,212.7 million.

For FY24, Challenger is aiming for a normalised net profit before tax between A$555 million and A$605 million.

Institutional broker Citi observes this guidance as a tad ‘softer’ than previous expectations.

The financial firm sees the result as a mixed bag, with the FY23 outcome somewhat exceeding expectations but the FY24 guidance coming up a bit short.

This year, the share price of Challenger has declined by 8.7%, as of the last closing.

Challenger is an investment management firm specializing in retirement income products and financial planning.


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<WIRE> Barrenjoey Upgrades Revenue Estimates, Price Target on Aurizon Holdings (ASX:AZJ)

Barrenjoey analysts have raised their price target on Australian rail freight operator Aurizon Holdings (ASX:AZJ) to A$3.90 per share from A$3.80 per share.

The shares are currently up by 0.7%.

They have also increased their financial year 2024 revenue estimates to A$4.00 billion from the A$3.85 billion that was anticipated earlier.

Aurizon reported on Monday that its annual revenue had grown to A$3.51 billion from A$3.08 billion a year earlier.

The brokerage attributed the upgrades in revenue and price target to the increasing benefits arising from the current inflationary conditions.

Barrenjoey also pointed out that the 9% EBITDA miss from Aurizon’s coal business was unexpected, causing the company to invest more in non-coal operations.

Out of the 16 analysts that follow the stock, six have given it a rating of ‘buy’ or higher, eight rate it as ‘hold’ and two suggest ‘sell’; the median price target stands at A$3.90 according to Refinitiv data.

The stock had seen a decline of 3.8% this year before its recent rise.

Aurizon Holdings (ASX:AZJ) is an Australian rail freight operator.


<WIRE> CSL (ASX:CSL) Jumps Significantly Due to Strong Outlook and Profit Beat

Australian biotechnology giant CSL (ASX:CSL) has seen a rise up to 3.2% to A$271.500, marking its largest intraday percentage jump since November 11.

CSL, infamous for being the country’s most expensive stock, has reached its highest point since July 6, landing it among the top gainers in the ASX 200 benchmark index.

An 8% jump in FY23 NPAT attributable on a constant currency basis to $2.44 billion has been logged, with a revenue increase of 31% at $13.31 billion on a constant currency.

Its FY23 statutory NPAT attributable on a constant currency reached $2.61 billion, an increase of 10% from the previous year, surpassing the Visible Alpha consensus of $2.54 billion.

The FY24 profit on a constant currency is expected to be between $2.9 billion and $3.0 billion, with a revenue growth of between 9%-11%.

Despite these positive forecasts, CSL had seen a decrease of 8.6% this year, as of the last close, in contrast to the 3.4% increase in the ASX 200 benchmark index.

CSL is a biotechnology company specializing in researching, developing, and distributing biotherapies.



<WIRE> Seek's Shares Slump Following Underwhelming FY24 Guidance

Shares in Seek, an employment services provider, fell sharply by 9.1% to A$23.42, marking their worst trading day since February 24, 2021 (ASX:SEK).

This drop makes Seek the most significant loser on the benchmark.

The company projects FY24 earnings before interest, tax, depreciation and amortisation (EBITDA) to land between A$520 million and A$560 million.

Unfortunately, this estimate falls short of the Visible Alpha consensus of A$581 million.

Seek closed their full financial year reporting an EBITDA of A$546.1 million, on a revenue of A$1.3 billion.

The company’s stock plunged to its lowest since August 10, despite gaining an overall 22.9% this year up until the last close.

Seek (ASX:SEK) is a leading provider of employment services.


<WIRE> Life360 (ASX:360) Shares Jump to Over 19-Month High on Earnings Beat, Outlook Upgrade

Shares of Life360 (ASX:360), previously listed on ASX, saw a significant increase, leaping as much as 13.6% to reach A$9.11.

This is their highest level since January 6, 2022.

The San Francisco-based location-sharing company posted a half-yearly adjusted EBITDA of $6.2 million.

This not only compares favorably to a loss of $32.3 million from the same period a year ago, but also beat the consensus estimate of $1.7 million.

Furthermore, the company has upgraded the CY23 adjusted EBITDA guidance from a range of $5 million - $10 million to a new range of $9 million - $14 million.

The stock registered its most substantial intraday gain since May 16.

As of the last close, the stock is up 65.02% year-to-date.

Life360 (ASX:360) is a San Francisco-based location-sharing company.