IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Merger Arb Mondays (27 Jul) - Skyworth, Changhong Jiahua, Z Fin, Con Aero, OFX, Cygnus, Kakaku

OFX Group (OFX AU): The ASX Response Says "On Track," The Market Says "Maybe Not"

OFX Group (OFX AU): Synthetic Expert Call Transcript (23 Jul 2026)

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ofx-group-ltd" target="_blank" data-smartkarma-citation="entities:8376:1" rel="noopener">OFX Group (OFX AU)</a> has received a non-binding indicative proposal from Equals at A$1.00 per share, a 110.5% premium to the undisturbed price of A$0.475 (22 July).  </li>
<li>The Board has granted four weeks of exclusivity, which ends on 19 August, unless extended. The offer resulted from the Board’s strategic review. </li>
<li>Despite promising signs of a turnaround, shareholders are likely to be supportive, as there is little evidence that the Board’s turnaround strategy will deliver higher returns.    </li>
</ul>



OFX Group (OFX AU) has received a non-binding indicative proposal from Equals at A$1.00 per share, a 110.5% premium to the undisturbed price of A$0.475 (22 July).  
The Board has granted four weeks of exclusivity, which ends on 19 August, unless extended. The offer resulted from the Board’s strategic review. 
Despite promising signs of a turnaround, shareholders are likely to be supportive, as there is little evidence that the Board’s turnaround strategy will deliver higher returns.    


OFX Group (OFX AU): Equals NBIO at A$1.00