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The latest update is out from COG Financial Services Limited ( (AU:COG) ).
COG Financial Services Limited has announced the issuance of 2,684,209 fully paid ordinary shares under its Long Term Incentive Program for FY25, as per the notice given in compliance with the Corporations Act. The issuance was executed without disclosure to investors, indicating a strategic move to enhance its operational capacity without altering its compliance status. This step could potentially strengthen COG’s market position by leveraging its existing growth strategies in finance, leasing, and lending sectors, offering significant opportunities for stakeholders.
More about COG Financial Services Limited
COG Financial Services Limited operates in three main sectors: Finance Broking & Aggregation, Novated Leasing, and Asset Management & Lending. It is Australia’s largest asset finance group, facilitating over $8.9 billion annually in Net Assets Financed. The company focuses on organic growth and equity investments, particularly in equipment finance and novated leasing, with opportunities in electric vehicle tax incentives. Its Asset Management & Lending segment profits through peer-to-peer lending and equipment finance for SMEs.
YTD Price Performance: 0.0%
Average Trading Volume: 136,057
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$195.2M
For detailed information about COG stock, go to TipRanks’ Stock Analysis page.
