Daily Roundup

OCL.ASX SNL.ASX MYG.ASX EZL.ASX M7T.ASX

Objective Corporation Announces On-Market Share Buy-Back

Objective Corporation Ltd (ASX: OCL) is taking a proactive step to enhance shareholder value, announcing an on-market buy-back of up to 9.59 million of its shares. This represents around 10% of the company's total issued capital. The buy-back will commence on February 6, 2026, and conclude a year later on February 5, 2027. Objective has enlisted Barrenjoey Markets Pty Ltd to execute the share repurchases.

Supply Network Forecasts Strong H1 Earnings, Declares Dividend

In a positive update, Supply Network Ltd (ASX: SNL) has provided an earnings forecast for the first half of the 2026 financial year. The company expects consolidated sales revenue to reach $200 million, with profit after tax around $22.9 million. Alongside the earnings guidance, Supply Network has also declared a fully franked interim dividend of 36 cents per share, payable on April 2, 2026.

Mayfield Acquires Strategic Property to Support Expansion

Mayfield Group Holdings Ltd (ASX: MYG) has made a strategic $8.4 million acquisition, snapping up a 10,410m² industrial property adjacent to its BE Switchcraft operations. The purchase will deliver immediate operational benefits, including shared overhead crane access, consolidated inventory, and reduced logistics costs. Importantly, the acquisition also positions Mayfield to accommodate its electrical fit-out capacity expansion and support its growing pipeline of major projects across data centres, renewable energy, and defence infrastructure.

Euroz Hartleys Reports Stellar First Half Results

Euroz Hartleys Group Limited (ASX: EZL) has delivered a standout performance in the first half of the 2026 financial year. The company reported unaudited revenue of $76.7 million and net profit of $13.84 million, representing a 121% increase from the previous corresponding period. Euroz Hartleys has also announced a 2.5 cents per share fully franked interim dividend. The strong results were driven by a surge in Equity Capital Markets raisings, which jumped 84% to $1.78 billion, as well as improved Advisory and Brokerage revenues.

Mach7 Technologies Impacted by VHA Contract Change

In less positive news, Mach7 Technologies Limited (ASX: M7T) has been informed that the Veterans Health Administration (VHA) will cease the NextGen PACS program for the National Teleradiology Program, in which Mach7 was a subcontractor. While Mach7 had completed initial milestones under Phase 1 of the contract, Phase 2 will now not proceed. Mach7's CEO acknowledged the disappointment but emphasized that this outcome does not affect the company's overall strategy and focus on its commercial pipeline.