Charlie Ormond

Link Administration Holdings shares are down by 3.85% after releasing preliminary FY23 results showing a loss of $418 million from a £235 million UK settlement related to its soon-to-be ex-British company’s involvement with a failed equity fund.

DroneShield shares are up by 7.5%, trading at 32 cents after the company announced the launch and initial order of its targeted area-specific Satellite Denial Systems by a Five Eyes alliance member.

Credit Corp group released its FY23 results showing the company had an NPAT of $91.3 million, down by 5% from last year, despite growth in its books. It seemed like sluggish US collections, and a rising headcount dragged the debt company down.

WA shipbuilder Austal released an updated earning guidance that slashed its forecasted earnings from $58 million to a potential loss of $10 million after slower production at its new steel manufacturing line in the US.

Micro-X shares were up by 28.57% after the announcement today of the extension of its contract with the DHS to build and test a self-screening airport module. The contract is worth up to AU$21 million and will see testing that will eventually progress to a pilot program in one or more US airports.

Flight Centre posted improved earnings estimates for FY23 after travel demand regained its pre-pandemic footing. Shares were up by 4.95% today after the announcement, signalling further optimism by investors for a return to regular travel.

Counter-drone and electronic warfare supplier Droneshield saw its stock rocket up by 28.3%, trading at 34 cents per share after announcing a significant US $33 million contract with the US Government. This is set to be a back-to-back record year for the Sydney-based company.

Ansell shares have fallen by 14.48% today after releasing a trading update forecasting falling sales in FY2024. The company has begun a campaign of business simplification and spending to drive earnings, but shareholders are anxious after seeing the past year’s gains wiped out in a day.