OFX Group (OFX AU): On Western Union (Potentially) Returning To The Trough

Feb 10, 2026

∙ Paid

Reportedly, international money transfer play OFX Group (OFX AU) is in the crosshairs.
Last week OFX announced a strategic review amid its 3Q26 trading update, to “explore a range of organic and inorganic opportunities” following “an increasing level of inbound inorganic interest”.
OFX’s share price is beaten up here. In late 2015, Western Union Co (WU US) tabled a A$3.50-A$3.70/share NBIO, but subsequently walked.

OFX is illiquid. Look away now if this is not your thing.

The Trade:

There is no firm or non-binding Offer.
Trading well below five-year historical metrics; unsurprising given recent trading updates.
Western Union maybe back in the mix.
Not something I’d aggressively chase.

This insight is labelled bullish as I’m not bearish here.

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