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  • OFX Group Limited

    Provision of international payments and foreign exchange services.

    OFX$1.605
     -0.015 -0.93%

    Data last updated:May 17, 2024 – 3.58pm. Data is 20 mins delayed.

    Previous Close

    1.620

    Open

    1.630

    Day Range

    1.600 - 1.645

    52 Week Range

    1.325 - 2.200

    Volume

    235,478

    Value

    380,314

    Bid

    1.600

    Ask

    1.605

    Dividend Yield

    0.00%

    P/E Ratio

    12.75

    Market Cap

    397.919M

    Total Issue

    246,486,379

    ASX Announcements

    Becoming a substantial holder

    Becoming a substantial holder

    • May 7, 2024
    • 5 pages

    Initial Director's Interest Notice

    Initial Director’s Interest Notice

    • May 1, 2024
    • 2 pages

    Appointment of Non-Executive Director

    Director Appointment/Resignation, Chair Appointment/Resignation

    • Apr 22, 2024
    • 2 pages

    Notification of cessation of securities - OFX

    Appendix 3H (Notification of cessation of securities)

    • Apr 5, 2024
    • 4 pages

    Notification regarding unquoted securities - OFX

    Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

    • Apr 5, 2024
    • 6 pages

    View all OFX announcements

    October 2022

    Buy, hold, sell: Five resilient cash cows

    Two fundies give their analysis of three profitable ASX darlings and share one small cap that they believe will continue to spew out cash (and remain resilient) over the year ahead.

    March 2022

    Uniti Group CEO Mick Simmons.

    Buy, hold, sell: four crowded small caps and two that can outperform

    Two fund managers share their views on four of the most widely held small-caps on the ASX and share one stock they think can outperform this year.

    December 2021

    OFX CEO Skander Malcolm.

    Foreign exchange firm OFX buys Canada’s Firma

    ASX-listed OFX says its $98 million purchase of Canadian peer Firma Exchange Corporation adds five years worth of organic growth in a single deal.

    • Kanika Sood
    Dr Christian Behrenbruch, chief executive of Telix Pharmaceuticals says it’s ready to go in the US today.

    FDA approval sends Telix Pharmaceutical shares to record high

    Investors sense the company’s potential as an industry leader in using nuclear medicine to diagnose and treat common cancers in patients.

    • Tom Richardson

    August 2020

    Transferwise CEO and co-founder Kristo Kaarmann: "Banks won't tell you what margin they hide by offering you a lousy exchange rate."

    Global fintech enlists Bendigo Bank in fight against forex fees

    Transferwise, a fast growing peer-to-peer money changer, has teamed up with the regional bank to undercut hefty forex fees at the major banks.

    • Michael Bailey
    Advertisement

    May 2020

    Amazon and OFX are working together so sellers on Amazon's platform who receive payment in a foreign currency can transfer the funds back home.

    Amazon and Link provide path for growth, says OFX

    OFX has reported stronger full-year profit as it targets more forex from global e-commerce marketplaces, including eBay and Amazon.

    • James Eyers

    January 2020

    Credit cards... cut them or face a reduced approved loan amount

    $1.7b of bank card revenue under pressure

    With credit card balances at a 13-year low, Macquarie says banks face another earnings headwind with payment revenue set to decline.

    • James Eyers

    November 2019

    Skander Malcolm says regulators may need to reconsider how they treat cross-border payments firms.

    Fintechs say it's easier than ever to comply with AUSTRAC

    Global payment firms say it's easier now than ever before to remain compliant with anti-money laundering and counter-terrorism laws.

    • Yolanda Redrup and James Frost
    Skander Malcolm says regulators may need to reconsider how they treat cross-border payments firms.

    Money laundering is Achilles heel of forex fintechs, OFX boss warns

    Skander Malcolm says compliance is his biggest worry, as AUSTRAC keeps raising the bar.

    • Hans van Leeuwen

    June 2019

    OFX CEO Skander Malcolm said he was largely optimistic that hype around Facebook's plans would benefit his company by encouraging more consumers to shop around for currency exchange deals.

    Facebook's crypto plan to disrupt currency exchanges

    Facebook's crypto plans will be a major challenge for currency exchange companies, but fintechs say Libra will also offer new opportunities.

    • Paul Smith

    October 2018

    Cross-border payments set for 'unprecedented change'

    The global cross-border payments industry is seeing levels of "unprecedented change", including in regulation, where experts said Australia lagged.

    • Updated
    • Joyce Moullakis

    August 2018

    • Opinion
    OFX allows US-, UK- and European-based sellers of products over Amazon to hold receipts in a foreign currency abroad to save forex fees, but Australian regulation prevents the flexibility for local vendors.

    OFX's UK e-money licence shows up relatively sluggish Aussie fintech laws

    ASX-listed online forex provider OFX's new UK 'e-money licence' shows it is easier for fintech players to offer innovative payments services in foreign markets.

    • Updated
    • James Eyers

    May 2017

    Sydney Airport, Charter Hall, Ardent Leisure: May 2017 CFOs on the move

    Greg Botham beings this month as chief financial officer of Sydney Airport after the former CFO, Hugh Wehby, moved into the chief operating officer role earlier this year.

    • Updated
    • Edmund Tadros

    February 2017

    Dumping the CEO no quick fix for OFX woes

    While OFX blamed Brexit for its latest downgrade, the real reason for the management change stems from home.

    • Updated
    • Michael Smith

    OFX Group shares hammered as it revises guidance, names new CEO

    OFX Group has lowered its fiscal 2017 guidance and named a new CEO; its shares got hammered 15 per cent lower at the open.

    • Updated
    • Yolanda Redrup
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    November 2016

    OFX Group hit by Brexit hangover, profit falls 13pc

    After Brexit OFX benefited from opportunistic traders but the plunging pound has sapped activity among key customers.

    • Updated
    • Jessica Gardner

    August 2016

    OzForex chief executive Richard Kimber says the company got an 11 per cent boost to June-quarter revenue from the post-Brexit blitz on the pound.

    OzForex boss says Donald Trump could deliver another bumper day

    Foreign exchange trading platform OzForex has shown a post-Brexit blitz boosted its June quarter revenue 11 per cent.

    • Updated
    • Sally Rose

    March 2016

    Insolvency 'safe harbour' law will let innovation sail, says AICD

    A safe harbour provision in insolvency laws should be fast-tracked to promote innovation, the Australian Institute Of Company Directors said this week.

    • Updated
    • Michael Bailey

    February 2016

    Anchorage Capital Partners managing director Phil Cave rings the bell  with Dick Smith CEO Nick Abboud at the retailer's stock market debut.

    ASX200 deliver dire 6.6pc, half US returns: The Boston Consulting Group

    ASX200 companies should ditch their plans for global expansion and find local M&A deals if they want to deliver better investor returns, says a BCG report.

    • Updated
    • Patrick Durkin

    December 2015

    Peer-to-peer money transfers may be more hype than reality

    Rather than introduce efficiencies, peer-to-peer money transfers could increase cost and complexity for some businesses wanting to exchange currency.

    • Updated
    • Jason Clout

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