Thesis TrackerLoading companies…
All companies
Loading…
Thesis TrackerThesis TrackerLoading…
OFX Group (ASX:OFX), the international payments provider, received a takeover offer after a difficult period. In July 2026, Forager Funds said OFX delivered a credible outcome from its strategic review despite mediocre operating performance, with UK-based Equals Group agreeing an all-cash acquisition. Selector and Tamim noted the $1.00 per share offer represented a 108% premium to the prior share price, and Ryder Capital said OFX, a core holding, led its performance. Forager earlier noted net operating income fell 8.5% and profit was near breakeven as OFX lost share during a major technology upgrade. OFX operates in the Financials sector within the Diversified Financial Services industry, and Thesis Tracker has captured 29 comments from 7 fund managers, including Forager, Ryder, Selector and Tamim. Founded in 1998 and headquartered in Sydney, OFX provides international payments and foreign exchange services to businesses and individuals.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Blackwattle Investment Partners, Salter Brothers, Ellerston Capital, Selector Funds Management, Ryder Capital, Forager Funds and Tamim Funds Management have invested in OFX Group Ltd Fully Paid Ord. Shrs (ASX:OFX).
Fund managers highlight the all-cash $1.00 per share takeover proposal from Equals Group, more than double the prior share price, delivering a strong outcome for holders such as Ryder and Forager.
Forager notes OFX's operating performance has been mediocre, with falling net operating income, near-breakeven profit and market share losses during its technology replatforming, and the deal remains subject to completion.
OFX Group Ltd is an Australian financial services company founded in 1998 by Matthew Gilmour and headquartered in Sydney. The firm provides international payment and foreign exchange services. OFX delivers cross-border payment solutions both directly to clients and through partnerships to facilitate international transfers for end-users. Its operations are organized into four business segments: Consumer, Corporate, Enterprise, and Online Sellers.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.