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NobleOak Life Ltd ( (AU:NOL) ) has shared an announcement.
NobleOak Life Limited has partnered with Scaleup Mediafund to receive $1.5 million worth of advertising services, which will be compensated through the issuance of company shares. This strategic move marks a shift in NobleOak’s marketing approach, leveraging above-the-line marketing to enhance its direct-to-consumer brand presence, while effectively utilizing its capital resources.
More about NobleOak Life Ltd
NobleOak Life Limited is an independent, award-winning Australian life insurance provider with a history spanning 147 years. The company, regulated by APRA, offers direct-to-consumer life insurance products through a digital platform and has diversified its offerings by creating white-labelled products for strategic partners. NobleOak focuses on delivering high-value, easy-to-understand, and competitive life risk insurance products.
YTD Price Performance: -11.08%
Average Trading Volume: 114,068
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$128.8M
For detailed information about NOL stock, go to TipRanks’ Stock Analysis page.