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An update from Oldfields Holdings Ltd ( (AU:OLH) ) is now available.
Oldfields Holdings Limited reported on progress in its turnaround strategy for the second quarter of FY2026, highlighting ongoing cost-cutting, asset optimisation and targeted growth across its paint and scaffold divisions. The company has exited its void protection operations in Victoria due to weak market conditions, redeploying hire equipment to New South Wales, where void protection is expanding through new contracts and product initiatives, while prior capital investments in Western Australia are now driving stronger hire and service revenue. Operating cash outflow for the quarter was $256,600 on customer receipts of $4.8 million, with sales constrained by earlier working capital limits that reduced inventory levels, although the major shareholder has injected $478,000 to support inventory, logistics and payroll, and remains committed as both primary lender and key backer. Oldfields has also engaged a nationally recognised corporate adviser to finalise a proposed capital raise and evaluate potential acquisitions or consolidation opportunities in industrial and construction markets, while entering the second half with a leaner cost base, improved asset utilisation, a scaffold and paint order backlog, and expectations of improved operating performance and a path toward sustainable profitability.
The most recent analyst rating on (AU:OLH) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Oldfields Holdings Ltd stock, see the AU:OLH Stock Forecast page.
More about Oldfields Holdings Ltd
Oldfields Holdings Limited is an ASX-listed company operating in the industrial and construction sectors, with core activities in paint products and scaffold hire and services. The business has a growing focus on fall and void protection solutions, particularly in New South Wales, and maintains operations across multiple Australian states including Western Australia and South Australia.
Average Trading Volume: 284,055
Technical Sentiment Signal: Sell
Current Market Cap: A$2.56M
Find detailed analytics on OLH stock on TipRanks’ Stock Analysis page.