Money transfer company OFX Group sees shares rise 17% on better than expected Fiscal 2017 results LeapRate

May 23, 2017 BY LeapRate Staff

Money transfer company OFX Group sees shares rise 17% on better than expected Fiscal 2017 results

Shares of Australia based currency transfer provider OFX Group Ltd (ASX:OFX) popped today, up 17% after the company reported Full Year 2017 results. OFX Group, formerly known as OzForex, has a March 31 fiscal year end. OFX Group's results reflected growth in active clients and transaction volumes with good momentum in the US, but lower Average Transaction…

November 15, 2016 BY LeapRate Staff

OzForex shares tumble 17% after disappointing First Half 2017 results

Shares of Australia based OFX Group Ltd (ASX:OFX) tumbled 17% on Tuesday to a new all time low of AUD $1.34, after the online international payment services company reported First Half 2017 results which disappointed investors. OFX Group provides services under the brands OzForex, UKForex, CanadianForex, USForex, NZForex, Tranzfers and ClearFX. The company has a March 31…

December 18, 2015 BY Maria Nikolova

OzForex rebrands to OFX, releases new website

Provider of online international payment services Ozforex Group Ltd (ASX:OFX), which is currently considering a takeover proposal from The Western Union Company (NYSE:WU), today announced its rebranding the single global brand ‘OFX’. The key point of the rebranding is to reflect the global nature of OFX’s business, making the company more identifiable to customers globally and…

December 14, 2015 BY Maria Nikolova

OzForex allocates $2.66M to retain key execs in light of Western Union bid

A follow-up to LeapRate's earlier story on the Western Union Company (NYSE:WU) submitting an acquisition proposal for Ozforex Group Ltd (ASX:OFX), an international provider of online payment services... OzForex announced today that in light of the bid, its Board has determined to allocate a total retention pool of $2.66 million to six key executives who assumed…

November 26, 2015 BY Maria Nikolova

OzForex to engage in exclusive acquisition talks with Western Union

Shortly after receiving an indicative conditional proposal from The Western Union Company (NYSE:WU) for all of its issued share capital, Ozforex Group Ltd (ASX:OFX) has agreed to engage in further acquisition talks on exclusive basis to progress the proposal. Under the proposal, Western Union will acquire 100% of the shares of OzForex for an all cash…

November 10, 2015 BY Maria Nikolova

OzForex registers record turnover in H1 FY 2016

Ozforex Group Ltd (ASX:OFX), an international provider of online payment services, has earlier today posted a set of robust financial metrics for the six months to September 30, 2015, that is, the first half of the Group's fiscal year 2016. Turnover for the six months to September 30, 2015, amounted to A$10 billion (US$ 7.05…

August 17, 2015 BY Maria Nikolova

OzForex, Xero seal strategic partnership in international payments area

Xero’s Australian customers, who have also registered with OzForex, will be able to automatically make international payments against Xero invoices directly from the OzForex platform.

Tag: OzForex