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Looking to buy an underappreciated ASX stock with strong growth potential heading into 2025? Then you may wish to run your slide rule over (ASX: XAO) software solutions company, ( ). That's to ECP Asset Management's Damon Callaghan (courtesy of ). Callaghan said he is bullish on the outlook for Fineos. Although at the moment he said the ASX tech stock is still an "unloved, under-followed technology company". But that may well be set to change. "Fineos is leading in the development of modern core systems software for the life, accident and health insurance industry, in both North America and [Australia and New Zealand]," Callaghan said. He noted that investors may have been put off by the lacklustre financial performance the ASX tech stock has reported in recent years. However, he believes that performance is about to lift off. According to Callaghan, "Over the last five years, a slow deal environment ... makes its backward-looking [profit and loss statement] uncompelling. The business, however, is approaching an inflection point." He pointed to Fineos' new AdminSuite product as something the company's competition will find "extraordinarily difficult to replicate". "It has established a reputation as the software leader among major insurers and has recently developed tier-1 consulting partnerships set to drive new deals," Callaghan added. The ASX tech stock reported its September quarterly on 28 October. Fineos reported a 23% year on year increase in cash receipts from customers to 35.5 million euros. The boost was partly credited to the contribution of revenues from a new name customer. Cash receipts were down 2% from the prior quarter, which management noted had benefited from significant upsell wins. And the September quarter saw the launch of Fineos' AdminSuite, which Callaghan mentioned, at both Guardian and NYL. The ASX tech stock reported a closing cash balance at 30 September of 29.1 million euros. Commenting on the latest quarterly performance, Fineos CEO Michael Kelly said: Pleasingly, we secured another new contract win during the quarter and were able to finalise several important contract renewals. Our pipeline remains healthy and given the significant progress we are making with existing clients moving their business to the Fineos Platform, our growth prospects remain strong. The Fineos share price has gained 19% in a year. Much of that lift has come over the last month, with the ASX tech stock up 36% since 11 November.
ALTOONA, Pa. — After UnitedHealthcare’s CEO was gunned down on a New York sidewalk, police searched for the masked gunman with dogs, drones and scuba divers. Officers used the city's muscular surveillance system. Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door-to-door looking for witnesses. When an arrest came five days later, those sprawling investigative efforts shared credit with an alert civilian's instincts. A Pennsylvania McDonald's customer noticed another patron who resembled the man in the oblique security-camera photos that New York police had publicized. Deputy Commissioner of Operations Kaz Daughtry speaks during a press conference regarding the arrest of suspect Luigi Mangione, Monday, Dec. 9, 2024, in Hollidaysburg, Pa., in the fatal shooting of UnitedHealthcare CEO Brian Thompson. (AP Photo/Ted Shaffrey) Luigi Nicholas Mangione, a 26-year-old Ivy League graduate from a prominent Maryland real estate family, was arrested Monday in the killing of Brian Thompson, who headed one of the United States’ largest medical insurance companies. He remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. By late evening, prosecutors in Manhattan had added a charge of murder, according to an online court docket. He's expected to be extradited to New York eventually. It’s unclear whether Mangione has an attorney who can comment on the allegations. Asked at Monday's arraignment whether he needed a public defender, Mangione asked whether he could “answer that at a future date.” Mangione was arrested in Altoona, Pennsylvania, after the McDonald's customer recognized him and notified an employee, authorities said. Police in Altoona, about 233 miles (375 kilometers) west of New York City, were soon summoned. This booking photo released Monday, Dec. 9, 2024, by the Pennsylvania Department of Corrections shows Luigi Mangione, a suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson. (Pennsylvania Department of Corrections via AP) They arrived to find Mangione sitting at a table in the back of the restaurant, wearing a blue medical mask and looking at a laptop, according to a Pennsylvania police criminal complaint. He initially gave them a fake ID, but when an officer asked Mangione whether he’d been to New York recently, he “became quiet and started to shake,” the complaint says. When he pulled his mask down at officers' request, “we knew that was our guy,” rookie Officer Tyler Frye said at a news conference in Hollidaysburg. New York Police Commissioner Jessica Tisch said at a Manhattan news conference that Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs. NYPD Chief of Detectives Joseph Kenny said Mangione also had a three-page, handwritten document that shows “some ill will toward corporate America." An NYPD police officer and K-9 dog search around a lake in Central Park, Monday, Dec. 9, 2024, in New York. (AP Photo/Yuki Iwamura) A law enforcement official who wasn’t authorized to discuss the investigation publicly and spoke with The Associated Press on condition of anonymity said the document included a line in which Mangione claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also had a line that said, “I do apologize for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Pennsylvania prosecutor Peter Weeks said in court that Mangione was found with a passport and $10,000 in cash — $2,000 of it in foreign currency. Mangione disputed the amount. Thompson, 50, was killed last Wednesday as he walked alone to a midtown Manhattan hotel for an investor conference. Police quickly came to see the shooting as a targeted attack by a gunman who appeared to wait for Thompson, came up behind him and fired a 9 mm pistol. Investigators have said “delay,” “deny” and “depose” were written on ammunition found near Thompson’s body. The words mimic a phrase used to criticize the insurance industry. A poster issued by the Federal Bureau of Investigation shows a wanted unknown suspect. (FBI via AP) From surveillance video, New York investigators gathered that the shooter fled by bike into Central Park, emerged, then took a taxi to a northern Manhattan bus terminal. Once in Pennsylvania, he went from Philadelphia to Pittsburgh, “trying to stay low-profile” by avoiding cameras, Pennsylvania State Police Lt. Col. George Bivens said. A grandson of a wealthy, self-made real estate developer and philanthropist, Mangione is a cousin of a current Maryland state legislator. Mangione was valedictorian at his elite Baltimore prep school, where his 2016 graduation speech lauded his classmates’ “incredible courage to explore the unknown and try new things.” He went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Maryland lawmaker Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” An NYPD police officer and K-9 dog search around a lake in Central Park, Monday, Dec. 9, 2024, in New York. (AP Photo/Yuki Iwamura) Luigi Nicholas Mangione worked for a time for the car-buying website TrueCar and left in 2023, CEO Jantoon Reigersman said by email. From January to June 2022, Mangione lived at Surfbreak, a “co-living” space at the edge of Honolulu tourist mecca Waikiki. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. "There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. “He went surfing with R.J. once but it didn’t work out because of his back," Ryan said, but noted that Mangione and Martin often went together to a rock-climbing gym. NYPD officers in diving suits search a lake in Central Park, Monday, Dec. 9, 2024, in New York. (AP Photo/Yuki Iwamura) Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. Martin stopped hearing from Mangione six months to a year ago. Although the gunman obscured his face during the shooting, he left a trail of evidence in New York, including a backpack he ditched in Central Park, a cellphone found in a pedestrian plaza, a water bottle and a protein bar wrapper. In the days after the shooting, the NYPD collected hundreds of hours of surveillance video and released multiple clips and still images in hopes of enlisting the public’s eyes to help find a suspect. “This combination of old-school detective work and new-age technology is what led to this result today,” Tisch said at the New York news conference. ___ Scolforo reported from Altoona and Hollidaysburg, Pennsylvania. Contributing were Associated Press writers Cedar Attanasio and Jennifer Peltz in New York; Michael Rubinkam and Maryclaire Dale in Pennsylvania; Lea Skene in Baltimore and Jennifer Sinco Kelleher in Honolulu. Get local news delivered to your inbox!Maybe 15 minutes before the Wild hosted and defeated the Nashville Predators on Saturday, general manager Bill Guerin took a few minutes to talk to the media about his first noteworthy acquisition of the season—the trade with Columbus, which will bring David Jiricek to the State of Hockey in the first few days of December. Maybe it’s just the pessimistic nature of a fanbase that hasn’t seen a men’s professional team play for a championship in more than three decades, but the grumbling had begun even before the collected media had reached the press box for Saturday’s game. “Seems like a lot to pay for a minor-leaguer,” was one of the comments overheard at the rink on Saturday. Indeed, to get Jiricek – the sixth overall pick in the 2022 NHL Draft – and a lower-round pick, Guerin surrendered defenseman Daemon Hunt and four draft picks, including Minnesota’s 2025 first-rounder and a second round pick in 2027. He wasted no time in getting an up-close look at the new guy, calling Jiricek up to the NHL level on Sunday, and sending former Gophers forward Travis Boyd back down to Iowa. Guerin and Blue Jackets general manager Don Waddell are old friends from their time working together with the Pittsburgh Penguins. But there was no discount offered from Waddell to his old pal in Minnesota. “It took awhile. Donny,” Guerin said with an exasperated grin. “He played with me. He’s one of my old mentors. He made me work for it. He’s the best.” Still, Guerin would not have pulled the trigger had he not believed in two things: 1) The Wild can turn all of Jiricek’s size (6-foot-4) and potential into another piece of their bright future on the blue line. 2) The price they paid was not as steep as it might look on the surface. To that second point, consider that Hunt was not really part of the Wild’s NHL-level defensive picture, even at a time like this when Jonas Brodin’s long-term viability is a serious question mark. And after getting two points with an overtime win over the Predators on Saturday, the Wild were tied for the most points in the NHL, meaning that at this pace, that 2025 first-round draft pick is going to come in the 25th spot or later. If the Wild go into a tailspin this season, the pick sent to Columbus is lottery protected, meaning the Blue Jackets will not get to pick in the top 10 at the Wild’s expense. To the first point, Jiricek is a player Guerin and his assistants have had their eye on for some time, even before he was named the top defenseman in the tournament while playing for Czechia in the 2023 World Juniors. “He’s not 30, he’s not a rental. He’s a 21-year-old defenseman that we can invest in. And we did. That’s how I look at it. It’s an investment,” Guerin said. In 2022, the Wild grabbed Liam Ohgren with the 19th overall pick, more than a dozen selections after Jiricek was picked by Columbus and was posing for pictures in a new red-white-and-blue sweater. “He was somebody that we really liked (during) his draft year. We knew we weren’t going to get him, but we liked him,” Guerin said. “And, you know, when this became available, I did my due diligence and asked our staff what they thought. They were all on board with it. So it’s good.” Perhaps in hopes of getting the fans on board, Guerin also stressed patience. Jiricek has not yet been a star in the NHL, despite his high draft stock. But the Wild are confident that their system of developing players — especially defensemen — is the change the new guy needs. “He’s a young player. He’s got a lot to learn. He’s going to continue to improve, just like all young players,” Guerin said, name-dropping two youthful every-night members of the Wild roster who still have ample room to grow. “Brock Faber’s got to get better. Matt Boldy’s still going to get better. All these guys are going to continue to improve because they’re so young. So just because they’re in the NHL doesn’t mean they’re not going to develop their game and get better. That’s our job as the coaches, management. That’s our job to help him get better.” If he has to spend some future draft capital to put those pieces in place, that is clearly a chance Guerin is willing to take.Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the Senate
WASHINGTON The White House said Tuesday that it is "relieved" by South Korean President Yoon Suk Yeol's decision to backtrack on his short-lived effort to impose martial law on the country. “We are relieved President Yoon has reversed course on his concerning declaration of martial law and respected the ROK National Assembly’s vote to end it," a National Security Council spokesperson told Anadolu. "Democracy is at the foundation of the U.S.-ROK alliance, and we will continue to monitor the situation.” The spokesperson, who commented on the matter on condition of anonymity, was referring to South Korea by its formal acronym. A Cabinet meeting presided over by Prime Minister Han Duck-soo early Wednesday morning passed a resolution lifting martial law after Yoon backtracked from his decision to impose it. With the decision, martial law was effectively lifted from the country, according to a procedure laid down in the Constitution. “Martial law will be lifted immediately by accepting the National Assembly's (Parliament) request through a State Council (Cabinet) meeting,” Yoon said in a second national address within hours of declaring martial law to “save the country against anti-state forces.” Yoon had imposed martial law effective late Tuesday for the first time in 45 years. But 190 lawmakers in the 300-seat parliament voted down his move, making it obligatory on him to comply with their motion. Following the declaration of martial law, all political activities were prohibited, including that of parliament, local councils, political parties and political associations as well as rallies and demonstrations. People rose in celebration after Yoon said he would comply with the parliament's decision. The president also said troops had withdrawn from parliament.Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2024 Gold ...
Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2024 Gold Mineral Reserves Increased to 11.9 Million Oz with M&I Gold Mineral Resources of 22.0 Million Oz; Inaugural Mineral Reserve Declared at Ormaque; Outline of 2025 Reporting ScheduleGuardiola denies rift with De Bruyne during Man City's dramatic slump