Australia's Sequoia Financial Group surges on FY24 forecast

Sequoia Financial

15/11/2023 04:27

** Shares of Sequoia Financial Group  SEQ.AX  rise 15.09% to
A$0.610, their highest since May 30, 2022
    ** Stock set for best day since March 9, if gains hold
    ** Co confirms its FY24 EBITDA forecast of A$10 mln ($6.5
mln), up 117% from FY23
    ** Co also forecasts revenue of A$130 mln, up 33%
    ** 289,143 shares change hands, compared with the 30-day
average volume of 166,855
    ** Stock set for third straight day of gains, if gains hold
    ** Stock flips to YTD gains of 11.8% from decline of 2.8% at
last close

($1 = 1.5378 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))