Daily Roundup

Friday, 23rd January 2026
Last updated: 11:00 | Max Version 🚀

← Thursday, 22nd January 2026

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A Busy Day in the Markets: Buybacks, Dividends, and Strategic Acquisitions

Objective Corporation Ltd is making moves, announcing an on-market buyback of up to 9.6 million of its shares, representing around 10% of its total issued capital. The buyback will commence on February 6, 2026, and run until February 5, 2027, with the company's shares to be purchased through Barrenjoey Markets Pty Ltd.

Over at Supply Network Ltd, the company is forecasting a strong first half for the 2026 fiscal year, with consolidated sales revenue expected to hit $200 million and profit after tax around $22.9 million. The board has also declared a fully franked interim dividend of 36 cents per share, with a record date of March 19 and payment on April 2.

Mayfield Group Holdings Ltd is bolstering its operations with the $8.4 million acquisition of a 10,410 square meter industrial property adjacent to its BE Switchcraft business. The strategic purchase will deliver immediate cost savings and support capacity expansion to meet growing demand across data centers, renewable energy, and defense infrastructure.

In the financial services space, Euroz Hartleys Group Limited is reporting a stellar first half, with unaudited revenue of $76.7 million and net profit of $13.84 million - a 121% increase year-over-year. The company has announced a 2.5 cents per share fully franked interim dividend and highlighted strong growth in its Equity Capital Markets and Advisory divisions.

Meanwhile, Mach7 Technologies has received some disappointing news, with the Veterans Health Administration ceasing its NextGen PACS program for the National Teleradiology Program, impacting Mach7's involvement as a subcontractor. However, the company remains focused on its commercial pipeline and ongoing growth strategy.

It's been a busy day for these ASX-listed companies, with a mix of strategic moves, strong financial results, and a setback. Investors will no doubt be keeping a close eye on these developments as the year progresses.