New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 130% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 130% over the past year. Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₪19.5m market cap, or US$6.56m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • Jun 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₪19.7m market cap, or US$6.56m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Mar 17
Feat Fund Investments - Limited Partnership to Report Fiscal Year 2025 Results on Apr 20, 2026 Feat Fund Investments - Limited Partnership announced that they will report fiscal year 2025 results on Apr 20, 2026 New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₪18.9m market cap, or US$6.12m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Nov 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 130% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₪15.7m market cap, or US$4.80m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₪1.93, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 21x in the Capital Markets industry in Israel. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₪1.48, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 16x in the Capital Markets industry in Israel. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪1.25, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 16x in the Capital Markets industry in Israel. Total loss to shareholders of 51% over the past three years. Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: ₪0.07 (vs ₪1.08 loss in FY 2023) Full year 2024 results: EPS: ₪0.07 (up from ₪1.08 loss in FY 2023). Revenue: ₪3.51m (up ₪3.12m from FY 2023). Net income: ₪280.0k (up ₪4.89m from FY 2023). Profit margin: 8.0% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Mar 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (₪5.97m market cap, or US$1.64m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (₪5.3m revenue, or US$1.4m). Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 20
Feat Fund Investments - Limited Partnership, Annual General Meeting, Dec 18, 2024 Feat Fund Investments - Limited Partnership, Annual General Meeting, Dec 18, 2024. Location: via zoom, Israel Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: ₪0.74 (vs ₪0.36 loss in 1H 2023) First half 2024 results: EPS: ₪0.74 (up from ₪0.36 loss in 1H 2023). Revenue: ₪5.16m (up ₪4.88m from 1H 2023). Net income: ₪3.16m (up ₪4.68m from 1H 2023). Profit margin: 61% (up from net loss in 1H 2023). Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 24
Feat Fund Investments - Limited Partnership, Annual General Meeting, Nov 14, 2023 Feat Fund Investments - Limited Partnership, Annual General Meeting, Nov 14, 2023, at 10:00 Israel Standard Time. Board Change • Oct 16
High number of new directors Independent External Director of Keren Peet Management Ltd Hetz Sharvit was the last director to join the board, commencing their role in 2021. Board Change • Sep 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman of the Board of Keren Peet Management Ltd Rony Kovrovsky is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
