Latest news with #Infomedia
Yahoo
6 hours ago
- Business
- Yahoo
High Growth Tech Stocks To Watch In Australia August 2025
The Australian market has been experiencing positive investor sentiment, with the ASX200 trading higher and sectors like Materials and Financials leading the charge, although Information Technology has faced some challenges alongside Utilities. In this environment, identifying high-growth tech stocks involves looking for companies that can navigate current market dynamics effectively while capitalizing on technological advancements and innovation. Top 10 High Growth Tech Companies In Australia Name Revenue Growth Earnings Growth Growth Rating Infomedia 6.81% 19.84% ★★★★☆☆ Pureprofile 13.56% 32.42% ★★★★☆☆ Pro Medicus 19.53% 21.56% ★★★★★☆ Echo IQ 49.20% 51.35% ★★★★★★ Life360 16.26% 40.50% ★★★★★☆ BlinkLab 51.57% 52.67% ★★★★★★ Kinatico 12.26% 51.47% ★★★★☆☆ Immutep 70.84% 42.55% ★★★★★☆ PYC Therapeutics 12.55% 24.30% ★★★★★☆ Xero 12.82% 23.77% ★★★★☆☆ Click here to see the full list of 21 stocks from our ASX High Growth Tech and AI Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Data#3 Simply Wall St Growth Rating: ★★★★☆☆ Overview: Data#3 Limited is an IT solutions and services provider operating in Australia, Fiji, and the Pacific Islands with a market capitalization of A$1.17 billion. Operations: The company generates revenue primarily as a value-added IT reseller and solutions provider, with this segment contributing A$798.05 million. The business operates across Australia, Fiji, and the Pacific Islands. Data#3, a prominent name in Australian tech, is poised for robust growth with its revenue expected to surge by 20.1% annually, outpacing the national market's 5.6%. This growth trajectory is complemented by a forecasted return on equity of an impressive 60% in three years. The recent strategic board appointments of Diana Eilert and Laurence Baynham further bolster its leadership, blending deep industry experience and fresh perspectives crucial for navigating the evolving tech landscape. While its earnings growth projection of 10.1% trails slightly behind the broader Australian market's 10.9%, Data#3 maintains a competitive edge with quality earnings and positive free cash flow, indicating strong financial health and operational efficiency. Take a closer look at Data#3's potential here in our health report. Gain insights into Data#3's historical performance by reviewing our past performance report. Infomedia Simply Wall St Growth Rating: ★★★★☆☆ Overview: Infomedia Ltd is a technology company that develops and supplies electronic parts catalogues, service quoting software, and e-commerce solutions for the automotive industry worldwide, with a market capitalization of A$635.90 million. Operations: Infomedia generates revenue primarily through its publishing of periodicals, contributing A$142.41 million to its financial performance. The company's offerings focus on the automotive sector, providing essential digital tools that enhance parts cataloguing and service quoting processes for clients globally. Infomedia, an Australian tech firm, is set to grow its revenue by 6.8% annually, outpacing the broader market's 5.6%. This growth is supported by a robust R&D investment strategy that consistently enhances its software solutions, with recent figures showing a significant allocation of funds towards innovation. The company's earnings have surged by 19.8% per year, reflecting effective capital management and strategic initiatives like the recent acquisition agreement with TPG Growth Capital Asia Limited for AUD 650 million. This move could further solidify Infomedia's market position by expanding its service offerings and potentially increasing shareholder value through strategic synergies. Navigate through the intricacies of Infomedia with our comprehensive health report here. Evaluate Infomedia's historical performance by accessing our past performance report. PYC Therapeutics Simply Wall St Growth Rating: ★★★★★☆ Overview: PYC Therapeutics Limited is an Australian drug-development company focused on discovering and developing novel RNA therapeutics to treat genetic diseases, with a market cap of approximately A$734.91 million. Operations: PYC Therapeutics generates revenue primarily through the discovery and development of novel RNA therapeutics, amounting to approximately A$24.99 million. The company focuses on addressing genetic diseases using innovative RNA-based treatments. PYC Therapeutics, navigating through the competitive landscape of biotech, demonstrates a promising trajectory with an expected revenue growth rate of 12.6% annually, outpacing the Australian market average of 5.6%. Despite current unprofitability, forecasts indicate a shift towards profitability within three years, supported by an anticipated earnings growth of 24.3% per year. This growth is underpinned by strategic R&D investments aimed at pioneering treatments in genetic medicine, although it's crucial to note that shareholders have experienced dilution over the past year. As PYC moves towards its profitability milestones, its robust projected return on equity at 27.5% signals potential for substantial financial health improvement, aligning with its innovative thrust in a high-stakes industry. Click here to discover the nuances of PYC Therapeutics with our detailed analytical health report. Examine PYC Therapeutics' past performance report to understand how it has performed in the past. Make It Happen Navigate through the entire inventory of 21 ASX High Growth Tech and AI Stocks here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Want To Explore Some Alternatives? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DTL ASX:IFM and ASX:PYC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
The Australian
6 days ago
- Business
- The Australian
ASX sinks to fresh humiliation with wrong TPG fumble
TPG Telecom was market roadkill in the ASX's latest humiliation after the sharemarket operator confused the telco giant and Vodafone owner with the private equity firm TPG Capital. It got worse for TPG Telecom. Its stock dropped 4 per cent -- approximately a $410m wipeout -- at the market open after the ASX wrongly identified it as buying Australian software provider Infomedia. The buyer? TPG Capital Asia, an arm of the global private capital giant. The Australian Securities and Investments Commission opened another ASX file; it is already examining ASX's governance, capability and risk management. It said: 'We are aware of the issue and are engaging with the ASX to understand the root cause of the error and the impact,' an ASIC spokesperson told The Australian. The ASX suspended trade in the listed TPG 15 minutes after the market open and issued a mea culpa hours later. 'This morning our markets announcements office made an error in processing an announcement from Infomedia,' an ASX spokeswoman said. 'The Infomedia announcement stated that it had entered a scheme of arrangement under which private equity group TPG Capital Asia would acquire 100 per cent of its shares. This error meant that TPG Telecom, was incorrectly cross referenced on that announcement.' That means traders who subscribe to market announcements relevant to TPG were fed the wrong takeover. Infomedia is a listed company. 'ASX moved quickly to address the issue when it became clear there was potential for confusion in the market. Shares in TPG Telecom traded for approximately 15 minutes after the market opened before trading was paused.' The TPG gaffe is another unwelcome bungle by the ASX, which is already under scrutiny over a series of governance failings to do with its ancient clearing and settlement infrastructure and is facing an inquiry by the corporate regulator. TPG shares tumbled to as low as $5.26 before the suspension, and the confusion was compounded by the fact that TPG on Tuesday provided a comprehensive earnings update and declared a $3bn capital return to investors. ASX cancelled all TPG trades placed before the trade suspension and its shares resumed trading at 12.38pm AEST. Chief executive Helen Lofthouse sought out TPG Telecom's CEO Inaki Berroeta to apologise directly. 'This issue arose from an inadvertent human error and I recognise that it has caused disruption for TPG Telecom and its investors. Upon discovery of the error, it was escalated to me and I will be apologising directly to the team at TPG Telecom,' ASX's executive for markets and listings Darren Yip said. 'This mistake shouldn't have happened and we are reviewing our internal processes to understand if there are additional safeguards or procedures we could implement to reduce the risk of a similar reoccurrence.' TPG Telecom was unimpressed and demanded a better explanation of the egregious mix-up. 'This morning, the ASX made a serious error by incorrectly cross-referencing TPG Telecom's share ticker in a price-sensitive announcement completely unrelated to us,' a TPG spokesman said. 'That unrelated announcement caused confusion among investors resulting in a sharp drop in our share price. 'While we welcome the ASX's decision to cancel trades made during this window, we expect a full explanation of how the error occurred and what steps will be taken to prevent similar incidents in future.' TPG shares finished Wednesday's session down 5 per cent, even lower than the share plunge caused by the ASX mix-up, while the market operator's own shares ended the day off 0.9 per cent. While the ASX was licking its wounds, Infomedia had a ripper session: its stock rocketed 27 per cent on the takeover. Rob Whitfield, Christine Holman and Guy Debelle are members of the expert panel ASIC assembled to interrogate the ASX and make recommendations to the regulator about its shortcomings. That report will not be available until March 31, 2026. ASIC discontinued its investigation of the December 20, 2024 settlement failure and folded it into the broader inquiry. It was looking into whether the market operator's settlements arm broke the law when it was unable to process batch settlements on the third-last settlement day before Christmas. ASIC last year launched legal action against ASX relating to the exchange's epic bungled clearing and settlement upgrade, which was dreamed up as blockchain technology and eventually led to $250m in writedowns as well as the departure of its chief executive and chief financial officer. Instead, it will now use purchased software to reboot the sharemarket's back office. DataRoom After walking away in 2023, TPG Capital returned with a $651m bid for Infomedia through its new Asia fund, marking the latest attempt to buy the company. DataRoom Fresh speculation has emerged Canada's second-largest gold producer is preparing to swoop on Northern Star in a deal which could reshape Australia's mining sector.
West Australian
6 days ago
- Business
- West Australian
Embattled ASX forced to reverse $400m TPG share price plunge after mix-up
Embattled market operator ASX has been forced to reverse over $400 million in wrongly traded TPG Telecom shares after incorrectly tagging the telco in software firm Infomedia's takeover deal with private equity firm TPG Capital. Infomedia, which is listed on the ASX, announced on Wednesday it had agreed to be acquired by TPG Capital for $651 million. This announcement was released under Infomedia's ticker code, IFM, and that of TPG Telecom's, TPG. TPG Telecom is unrelated to TPG Capital, which is not publicly listed. The Infomedia announcement didn't help with the confusion either, referring to TPG Capital as 'TPG' in the first instance. The mix-up by ASX wiped $437 million off the market capitalisation of TPG Telecom, which saw its share price fall 4.3 per cent to $5.27 at the open before entering a pause in trading. 'This morning, the ASX made a serious error by incorrectly cross-referencing TPG Telecom's share ticker in a price-sensitive announcement completely unrelated to us,' a TPG Telecom spokesman said in a statement. 'That unrelated announcement caused confusion among investors resulting in a sharp drop in our share price. 'While we welcome the ASX's decision to cancel trades made during this window, we expect a full explanation of how the error occurred and what steps will be taken to prevent similar incidents in future.' The ASX cancelled trades in TPG Telecom's shares before the pause. The company's shares resumed trading at 12.26pm AEST. Shares were down 4.1 per cent to $5.28 just before the close. Meanwhile, shares in Infomedia surged 27 per cent to $1.68. ASX markets and listings group executive Darren Yip blamed 'inadvertent human error' for the mix-up. 'This mistake shouldn't have happened and we are reviewing our internal processes to understand if there are additional safeguards or procedures we could implement to reduce the risk of a similar reoccurrence,' Mr Yip said. The ASX said it contacted all market participants affected by the cancellation prior to resuming trade on TPG Telecom shares. The ticker code error comes a day after TPG Telecom announced it would hand back $3 billion to investors after the sale of infrastructure assets. It also marks the latest in a string of problems facing ASX, which is facing an inquiry into its organisational structure and board governance. The investigation, launched by the corporate watchdog in June, will examine a series of technology failures at the ASX, primarily related to its troubled upgrade of the CHESS settlement system, which manages the settlement of share transactions and records shareholdings. The Australian Securities and Investments Commission and the Reserve Bank voiced deep concerns in December 2024 when the system failed to complete a settlement run.
Yahoo
6 days ago
- Business
- Yahoo
ASX to cancel TPG Telecom trades after a mix-up causes stock to fall 3%
(Reuters) -Australian exchange operator ASX said it will cancel all trades made on TPG Telecom in the first 15 minutes on Wednesday after a mix-up by ASX caused the telecom firm's stock to fall nearly 3% before trade was halted. The bourse operator incorrectly tagged TPG Telecom in an announcement by software firm Infomedia, which agreed to an A$651 million ($422.24 million) takeover by private equity firm TPG Capital, an entity unrelated to the Australian telecom company. ASX said it would cancel all trades in TPG Telecom's securities before the halt went into effect at 10:15 a.m. in Sydney. Trading resumed just after midday local time, and the stock was last trading 1.6% lower at A$5.410 per share. ($1 = 1.5418 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
6 days ago
- Business
- Reuters
TPG to buy Australian automotive software firm Infomedia for over $420 million
Aug 6 (Reuters) - Australia's Infomedia ( opens new tab said on Wednesday it had agreed to be acquired by the Asia-focused private equity arm of asset manager TPG (TPG.O), opens new tab for an equity value of A$651 million ($421.33 million). Under the deal, shareholders in the ASX-listed firm would receive A$1.72 per share, reflecting a more than 30% premium as compared to the stock's closing price on Tuesday. Infomedia shares rose nearly 28% in early trade on Wednesday to reach A$1.6875, their highest level since September last year. Infomedia provides "software as a service" (SaaS) solutions for the global automotive and motor service sector, offering clients data-driven solutions. It counts global carmakers BMW ( opens new tab, Audi, and Cadillac among its customers, according to its website. The A$1.72 per-share offer sits close to what was offered for the firm back in 2022 by potential suitors from the United States. The cash consideration reflects an enterprise value of A$579 million, the company said, adding that its board had endorsed TPG's bid. TPG Asia co-head Joel Thickins said Infomedia would join the private equity fund's existing global software investments worth $24 billion in firms including Wind River and McAfee. Infomedia is also allowed to pay its shareholders a fully-franked dividend of up to 2 Australian cents per share for fiscal 2025 and a further special dividend of up to 2.9 Australian cents apiece. The deal needs Foreign Investment Review Board's (FIRB) approval and Infomedia said a shareholder vote should be held by mid-November. ($1 = 1.5451 Australian dollars)
