Board Change • May 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. 3 experienced directors. 1 highly experienced director. Non-Executive Chairman Michael Green was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 10
MD, CEO & Executive Director recently bought AU$57k worth of stock On the 7th of April, Raymond van Hulst bought around 36k shares on-market at roughly AU$1.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$74k. This was Raymond's only on-market trade for the last 12 months. Announcement • Apr 01
Omni Bridgeway Appoints Peter Galgay as Head of Commercial Strategy and Capital Solutions Omni Bridgeway announced the appointment of Peter Galgay as Head of Commercial Strategy and Capital Solutions based in New York. In this role, Mr. Galgay will focus on expanding the company’s capabilities in origination, underwriting, and management of large-scale structured finance and alternative investment solutions for legal assets. He will also play a key role in supporting Omni Bridgeway’s global investor relations and capital formation efforts. Mr. Galgay joins Omni Bridgeway after more than a decade as Chief Investment Officer of a Singapore-based family office, where he managed a global portfolio across public and private markets, oversaw asset allocation and risk management, and gained significant exposure to legal finance through direct equity investments and private fund allocations. Earlier in his career, he served as a Senior Analyst in Ernst & Young’s Fraud Investigation & Dispute Services practice and later as an Equity Portfolio Manager at Deutsche Asset Management. He is a CFA Charterholder and holds an MA in International Business and BS in Finance from the University of Florida, and an MBA from INSEAD. Announcement • Mar 26
Omni Bridgeway Releases Introduction to Omni Bridgeway and Analyst Data Pack Omni Bridgeway has released its Introduction to Omni Bridgeway and Analyst Data Pack, providing analysts and investors enhanced transparency into the Group’s business model, portfolio construction, and long-term value creation. The presentation is designed to complement the Group’s half-year results announcement and is designed to support informed engagement with analysts and investors. It expands on the key drivers of performance, risk management, and strategic positioning that underpin Omni Bridgeway’s global legal finance platform. A recording of management presenting key slides and addressing frequently asked questions has also been released. Key highlights from the pack: An overview of how legal finance works and how it delivers asymmetric, uncorrelated returns across economic cycles. Industry dynamics and business model differentiation, including OBL’s position as a scaled global platform with AUD 5,500 million assets under management (AUM), more than 300 active investments, and the largest team across 23 locations globally. The Group’s evolution across 40 years into a global, multi-strategy investment manager and what positions it as the premium legal finance partner. The capital light business model with its potential to deliver 30%+ ROE, key growth drivers, as well as the strategic focus areas going forward. Analyst data dissecting OBL’s long-term track record of 2.4x MOIC across 25 vintages, more than 800 completed investments and AUD 2,000 million in realisations, as well as a look through of OBL’s disciplined approach to risk management. Recent Insider Transactions • Mar 25
Independent Non-Executive Director recently bought AU$74k worth of stock On the 20th of March, Christine Feldmanis bought around 50k shares on-market at roughly AU$1.48 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$290k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 01
First half 2026 earnings released: EPS: AU$0.29 (vs AU$0.12 loss in 1H 2025) First half 2026 results: EPS: AU$0.29 (up from AU$0.12 loss in 1H 2025). Revenue: AU$178.1m (up 173% from 1H 2025). Net income: AU$83.9m (up AU$116.5m from 1H 2025). Profit margin: 47% (up from net loss in 1H 2025). Revenue is expected to fall by 19% p.a. on average during the next 2 years compared to a 2.6% decline forecast for the Diversified Financial industry in Australia. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 02
Price target decreased by 13% to AU$2.58 Down from AU$2.95, the current price target is an average from 2 analysts. New target price is 66% above last closing price of AU$1.55. Stock is up 17% over the past year. The company is forecast to post a net loss per share of AU$0.006 compared to earnings per share of AU$1.23 last year. Announcement • Sep 02
Omni Bridgeway Limited, Annual General Meeting, Oct 28, 2025 Omni Bridgeway Limited, Annual General Meeting, Oct 28, 2025. Reported Earnings • Aug 29
Full year 2025 earnings: Revenues exceed analyst expectations Full year 2025 results: Revenue: AU$651.2m (up AU$568.3m from FY 2024). Net income: AU$416.8m (up AU$504.3m from FY 2024). Profit margin: 64% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 57%. Revenue is expected to fall by 84% p.a. on average during the next 2 years compared to a 6.4% decline forecast for the Diversified Financial industry in Australia. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. 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 profits are expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 08
Price target decreased by 8.1% to AU$2.95 Down from AU$3.21, the current price target is an average from 2 analysts. New target price is 115% above last closing price of AU$1.37. Stock is up 32% over the past year. The company is forecast to post earnings per share of AU$0.58 next year compared to a net loss per share of AU$0.31 last year. Announcement • Jul 07
Omni Bridgeway Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Omni Bridgeway Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 Recent Insider Transactions • May 13
Non-Executive Chairman recently bought AU$216k worth of stock On the 7th of May, Michael Green bought around 135k shares on-market at roughly AU$1.60 per share. This transaction increased Michael's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Mar 04
First half 2025 earnings released: AU$0.12 loss per share (vs AU$0.17 loss in 1H 2024) First half 2025 results: AU$0.12 loss per share (improved from AU$0.17 loss in 1H 2024). Revenue: AU$65.4m (up 320% from 1H 2024). Net loss: AU$32.6m (loss narrowed 32% from 1H 2024). Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 5.2% decline forecast for the Diversified Financial industry in Australia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jan 31
Omni Bridgeway Limited to Report First Half, 2025 Results on Feb 27, 2025 Omni Bridgeway Limited announced that they will report first half, 2025 results on Feb 27, 2025 New Risk • Jan 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. New Risk • Dec 18
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 Australian stocks, typically moving 16% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 25
Omni Bridgeway Limited, Annual General Meeting, Nov 19, 2024 Omni Bridgeway Limited, Annual General Meeting, Nov 19, 2024. Reported Earnings • Aug 29
Full year 2024 earnings: Revenues miss analyst expectations Full year 2024 results: Revenue: AU$279.2m (up AU$257.7m from FY 2023). Net income: AU$30.5m (up AU$62.2m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). Revenue missed analyst estimates by 3.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 9.1% decline forecast for the Diversified Financial industry in Australia. Announcement • Jul 31
Omni Bridgeway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024 Omni Bridgeway Limited announced that they will report fiscal year 2024 results on Aug 29, 2024 Price Target Changed • May 22
Price target decreased by 25% to AU$3.17 Down from AU$4.24, the current price target is an average from 2 analysts. New target price is 258% above last closing price of AU$0.89. Stock is down 67% over the past year. The company is forecast to post a net loss per share of AU$1.10 next year compared to a net loss per share of AU$0.12 last year. Recent Insider Transactions • Mar 13
MD, CEO recently bought AU$78k worth of stock On the 11th of March, Raymond van Hulst bought around 50k shares on-market at roughly AU$1.55 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$259k worth in shares. New Risk • Mar 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$125m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 01
First half 2024 earnings released First half 2024 results: Revenue: AU$188.8m (up AU$177.8m from 1H 2023). Net income: AU$33.4m (up AU$76.2m from 1H 2023). Profit margin: 18% (up from net loss in 1H 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 7.5% decline forecast for the Diversified Financial industry in Australia. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Jan 25
Omni Bridgeway Limited to Report First Half, 2024 Results on Feb 29, 2024 Omni Bridgeway Limited announced that they will report first half, 2024 results on Feb 29, 2024 Recent Insider Transactions • Nov 25
Independent Non-Executive Chairman recently bought AU$203k worth of stock On the 23rd of November, Michael Graham Kay bought around 130k shares on-market at roughly AU$1.56 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael Graham's only on-market trade for the last 12 months. Announcement • Nov 17
Omni Bridgeway Limited Appoints Chris Huish as Joint Company Secretary Omni Bridgeway Limited announced that Mr. Chris Huish has been appointed as Joint Company Secretary alongside current Company Secretary and Global General Counsel, Mr. Jeremy Sambrook, effective immediately. Mr. Huish has held the position of Assistant Company Secretary with Omni Bridgeway since April 2022 and has extensive ASX experience, providing company secretarial and corporate advisory services to board and various committees across several industry sectors. Mr. Huish is a Fellow of the Governance Institute of Australia and a member of the Australian Institute of Company Directors. Mr. Huish will be jointly responsible for communication with the ASX in relation to listing rule matters, pursuant to ASX Listing Rule 12.6. Recent Insider Transactions • Nov 03
MD, CEO recently bought AU$152k worth of stock On the 31st of October, Raymond van Hulst bought around 100k shares on-market at roughly AU$1.52 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Raymond's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 19
Non-Executive Director recently bought AU$144k worth of stock On the 15th of September, Michael Green bought around 72k shares on-market at roughly AU$1.99 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$188k more in shares than they have sold in the last 12 months. New Risk • Aug 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$131m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$131m free cash flow). Minor Risk Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Reported Earnings • Aug 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: AU$0.12 loss per share (improved from AU$0.17 loss in FY 2022). Revenue: AU$116.8m (up 277% from FY 2022). Net loss: AU$31.7m (loss narrowed 31% from FY 2022). Revenue missed analyst estimates by 59%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 6.5% decline forecast for the Diversified Financial industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 18% per year. Announcement • Aug 01
Omni Bridgeway Limited, Annual General Meeting, Oct 26, 2023 Omni Bridgeway Limited, Annual General Meeting, Oct 26, 2023. Location: Radisson Blu Plaza Hotel Sydney Sydney Australia Announcement • Jul 01
Omni Bridgeway Announces Board Changes Omni Bridgeway appointed Leora Ben-Ami and the Honorable Winifred Y. Smith (Ret.) to its Investment Committee. These nationally regarded legal industry professionals bring decades of experience and a wealth of knowledge to Omni Bridgeway's investment process. Ms. Ben-Ami will leverage her extensive background in intellectual property to review and evaluate cases relevant to the company's global IP portfolio. Judge Smith joins the US Investment Committee, where she will consider a variety of complex commercial cases. Ms. Ben-Ami is a renowned intellectual property attorney with a focus on biotechnology, life sciences and pharmaceuticals. She has extensive trial experience as lead counsel including arguing before the U.S. Court of Appeals and within the Federal Circuit. In addition to taking on leadership roles at various AmLaw Global 200 firms, Ms. Ben-Ami sits on the board of the New York Intellectual Property Law Association. The Honorable Winifred Y. Smith (Ret.) is a distinguished jurist, having served on the bench of the Alameda County Superior Court for over two decades adjudicating complex civil litigation matters and numerous questions of first impression. She was selected as Presiding Judge in 2015-2016 and later retired following her service in the Complex Civil Litigation division. Judge Smith also lent her experience as a Justice Pro Tem for the California Court of Appeal, First Appellate District, Division Four. In 2021, she was awarded Trial Judge of the Year by the American Board of Trial Advocates. Prior to her career on the bench, Judge Smith was a Deputy Attorney General with the California Department of Justice's Office of the Attorney General for 26 years. Board Change • May 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. 1 highly experienced director. MD, Co- Chief Investment Officer of EMEA & Executive Director Raymond van Hulst was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 31
Price target decreased by 29% to AU$5.30 Down from AU$7.46, the current price target is provided by 1 analyst. New target price is 99% above last closing price of AU$2.66. Stock is down 25% over the past year. The company posted a net loss per share of AU$0.17 last year. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.16 loss per share (vs AU$0.10 loss in 1H 2022) First half 2023 results: AU$0.16 loss per share (further deteriorated from AU$0.10 loss in 1H 2022). Revenue: AU$17.4m (up 53% from 1H 2022). Net loss: AU$42.8m (loss widened 54% from 1H 2022). Revenue is forecast to grow 87% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Diversified Financial industry in Australia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 08
Omni Bridgeway Announces Additions of Investment Managers and Office Heads Omni Bridgeway announced the expansion of its operations into Chicago and Miami with the additions of investment managers and office heads, Maryanne Woo in Chicago and Lauren Alexander in Miami. The company also welcome Enrique Molina, who joins Omni Bridgeway as an Investment Manager in Miami. Maryanne joins Omni Bridgeway to continue building out the company's Midwest presence. She has over two decades of experience as a trial attorney in Chicago, handling complex disputes in state and federal courts involving product liability, multi-district litigation, mass tort, and shareholder derivatives issues. Prior to joining Omni Bridgeway, she was a litigation partner at Reed Smith LLP, where she focused on issues surrounding disruptive technology and artificial intelligence. In Miami, Lauren brings local market knowledge and subject matter expertise in key areas such as bankruptcy, restructuring, multidistrict litigation, and commercial disputes. She has nearly 15 years of litigation experience in the Miami office of Weil Gotshal & Manges LLP, where she represented clients in a range of matters relating to contract disputes, business torts, antitrust, fraud, and asset valuation disputes. Enrique joins Omni Bridgeway from King & Spalding in Miami, where he focused on international arbitration and litigation. With more than 6 years of experience, Enrique has handled numerous investor-state disputes involving Latin American parties in a broad range of industries including energy, mining, banking, and transportation. Announcement • Feb 06
Omni Bridgeway Announces EMEA Leadership and Investment Management Promotions in Amsterdam and London Omni Bridgeway announced the appointment of Hannah van Roessel as Co-Chief Investment Officer – EMEA, and the promotions of Kees de Visser and Alistair Croft. Based in Amsterdam, Hannah will work closely with Raymond van Hulst (Executive Director and Co-CIO EMEA) to jointly lead all aspects of Omni Bridgeway's EMEA operations. With 10 years of experience at Omni Bridgeway, Hannah brings a unique global perspective to her new role, having served as Senior Investment Manager and Director Enforcement first for EMEA and then the US, when she relocated to New York to launch the company's US judgment enforcement business in 2022. Throughout her tenure in the legal finance industry, Hannah has achieved a notable record of success, managing complex multijurisdictional enforcement cases and securing recoveries in contested settings. Before joining Omni Bridgeway, she practiced at leading law firms NautaDutilh and Loyens & Loeff, gaining significant experience with the cross-border recognition and enforcement of arbitral awards in many jurisdictions, in particular against sovereigns and semi-sovereigns.Also in Amsterdam, the company announced Kees de Visser has been promoted as Chair of the Investment Committee for EMEA, in which he oversees funding requests as a member of the company's global investment committee. Before joining Omni Bridgeway in 2016, Kees practised law, admitted at De Brauw Blackstone Westbroek where he handled large and high-profile cross-border litigation and enforcement matters and led the firm's private international law team. In London, Alistair Croft has been promoted to Senior Investment Manager with a focus on enforcement, contentious trust and insolvency matters. Prior to joining Omni Bridgeway in 2015, Alistair practised law for over a decade, becoming a barrister and a partner at a leading law firm with a broad practice advising on complex cross-border litigation, fraud, enforcement, and contentious trust matters for UHNWI and insolvency. Announcement • Jan 30
Omni Bridgeway Limited to Report First Half, 2023 Results on Feb 23, 2023 Omni Bridgeway Limited announced that they will report first half, 2023 results on Feb 23, 2023 Announcement • Dec 07
Omni Bridgeway Appoints Leon Ioannou as Investment Manager and Senior Legal Counsel Omni Bridgeway announced the company's expansion and permanent operations in France, welcoming Leon Ioannou as Investment Manager and Senior Legal Counsel. Based in Paris, Leon will focus on supporting clients and lawyers with non-recourse financing and recovery solutions for legal disputes both in France and internationally. Leon brings extensive legal, financial, and international arbitration expertise across jurisdictions from his career in-house and with leading law firms, most recently as the general in-house legal counsel for the European operations of an international medical device company where he steered the resolution of the company's European disputes and litigation. Prior to that, Leon practiced as a lawyer resolving international disputes at White & Case LLP, Hughes Hubbard & Reed LLP, and Freshfields Bruckhaus Deringer. Leon's has advised clients in international arbitration (both common- and civil-law governed) across industry sectors including energy (nuclear, oil and gas), construction, utilities, telecommunications, pharmaceutical, banking and finance, and professional service industries. Leon has conducted proceedings under most of the world's major arbitral institutional rules as well as ad hoc proceedings under the United Nations Commission on International Trade Law (UNCITRAL) Rules. In Paris, Leon will work closely with the full EMEA team including French trained lawyer, Nevena Ivanova, Investment Manager, Senior Legal Counsel who joined Omni Bridgeway in 2020. Prior to Omni Bridgeway, Nevena gained over a decade of experience in a French boutique law firm where she specialised in fraud, insolvency, asset recovery and international private law litigation. She has deep experience in the enforcement of EU and non-EU judgments and arbitral awards, and regarding the ex-parte authorisations and challenge of various asset attachments, including real estate. Announcement • Oct 18
Omni Bridgeway Limited Appoints Mr. Michael Munsch as Investment Manager and Senior Legal Counsel Omni Bridgeway announce that Mr. Michael Munsch has joined the company's international intellectual property team as an Investment Manager and Senior Legal Counsel. Based in Cologne, Michael is responsible for originating, assessing, and managing funded cases in EMEA with an emphasis on intellectual property litigation. He is a Certified Intellectual Property Lawyer who brings nearly 15 years' experience covering a wide range of industry sectors including telecommunications, electronics, mechanical engineering and pharmaceuticals in all forms of disputes, including high-value and complex international litigation. Prior to Omni Bridgeway, Michael was a Counsel at renowned German law firm Meissner Bolte, where he advised clients primarily on patent litigation. In prior roles, Michael gained substantial expertise valuating and litigating Standard Essential Patents including as a partner of the British firm EIP and as a member of the legal and intellectual property in-house teams of ThyssenKrupp Elevator and Nestlè. Announcement • Oct 06
Omni Bridgeway Announces Executive Appointments Omni Bridgeway announced expansion and key promotions within its U.S. team. In New York, Sarah Tsou has been appointed Senior Investment Manager and assumes the role of Portfolio Manager - Global Intellectual Property overseeing Omni Bridgeway's widely recognized IP business and team of dedicated IP professionals. This portfolio role underscores Omni Bridgeway's unique global IP capabilities and worldwide footprint spanning key IP markets. Fiona Chaney, who heads the company's Los Angeles office, was also recently appointed to Senior Investment Manager and Legal Counsel. Fiona also serves as co-lead of the company's insurance initiatives. The company also congratulate Chris Citro (New York), who has been promoted to Investment Manager and Legal Counsel, with a focus on patents and other intellectual property matters. Further building out the company's dynamic IP team is Phillip Goter who recently joined as Investment Manager and Legal Counsel. Phil's arrival marks Omni Bridgeway's continued expansion on-the-ground including new operations in the Midwest. Based in Minneapolis, Phil joins from Fish & Richardson with over a decade of experience representing plaintiffs and defendants in high-stakes disputes involving patents, trademarks, copyrights, trade secrets, antitrust and competition law, and FDA clearance. Phil is an Adjunct Professor at the University of Minnesota Law School and a member of the Expert Network for Lunar Startups, an incubator specializing in growth and innovation for diverse, high-potential entrepreneurs. In Washington D.C. the company welcome Matt Leland as Investment Manager and Legal Counsel. Matt joins the company from King & Spalding LLP where he was a commercial litigation partner and successfully litigated diverse legal issues for corporate plaintiffs and defendants in the energy, manufacturing, healthcare, pharmaceutical, and construction industries. Matt helped clients recover substantial damages in many of his cases, which often involved contract and commercial disputes, government reimbursement claims, unfair business practices, civil RICO, protection of trade secrets, and trademark infringement. Prior to this, Matt was a partner at McDermott Will & Emery LLP. On the business side, the company welcome Joseph Cho as Corporate Counsel based in New York. Joe joins the company from Weil, Gotshal & Manges LLP where he represented public and private companies in complex mergers and acquisitions. His previous experience includes private practice at Cahill Gordon & Reindel LLP and Wilson Sonsini Goodrich & Rosati PC. The U.S. team has also grown its slate of associate investment managers, legal counsel, and business support, doubling Omni Bridgeway's U.S. headcount to over 45 in the past year. Announcement • Sep 13
Omni Bridgeway Appoints Guillaume Leger as Global Chief Financial Officer Omni Bridgeway announced the appointment of Guillaume Leger as Global Chief Financial Officer. Based in New York, Mr. Leger brings extensive corporate finance and public company experience as a key member of the executive team leading the company's continued U.S. and international expansion. Prior to joining Omni Bridgeway, Mr. Leger was Group Controller with Circle K – Alimentation Couche-Tard Inc., a publicly traded Fortune 200 company. Previously Mr. Leger was CFO of Citigroup in Hong Kong following successive senior positions across Citigroup's business in North America, Asia, New Zealand, Australia, and Brazil. His early career included progressive roles with PwC and Deloitte. In a planned transition, Mr. Leger is taking helm of the CFO office from Stuart Mitchell who served as Group CFO for four years. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.17 loss per share (vs AU$0.099 loss in FY 2021) Full year 2022 results: AU$0.17 loss per share (down from AU$0.099 loss in FY 2021). Revenue: AU$30.2m (up 90% from FY 2021). Net loss: AU$45.6m (loss widened 79% from FY 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
Omni Bridgeway Limited (ASX:OBL) announces an Equity Buyback for AUD 50 million worth of its shares. Omni Bridgeway Limited (ASX:OBL) announces a share repurchase program. Under the program, the company will repurchase up to AUD 50 million worth of its fully paid ordinary shares. The program will continue through September 14, 2023. As of August 30, 2022, the company had 268,639,670 shares in issue. Announcement • Jul 19
Omni Bridgeway Limited Announces CFO Changes Omni Bridgeway Limited announced the appointment of Mr. Guillaume Leger as the new GCFO effective from 1 September 2022. Mr. Leger will be based in New York and will commence work with the company on 18 August 2022. Mr. Leger's appointment follows the resignation of Mr. Stuart Mitchell as GCFO effective from 31 August 2022. Mr. Mitchell will assist with finalisation of the audit for this year's financial results and to facilitate the transition of his tasks to Mr. Leger. Prior to accepting the role with Omni Bridgeway, Mr. Leger was with Alimentation Couche-Tard Inc. /Circle K, as Group Controller. Mr. Leger was previously Citigroup's CFO in Hong Kong, with experience in North America, Asia, New Zealand, Australia and Brazil. Mr. Leger is a CPA and CFA and brings with him over 25 years of post-graduate experience in professional services, banking, and commerce. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 15% share price gain to AU$3.43, the stock trades at a trailing P/E ratio of 55.2x. Average forward P/E is 9x in the Diversified Financial industry in Australia. Total returns to shareholders of 15% over the past three years. Price Target Changed • Jun 01
Price target increased to AU$4.95 Up from AU$4.30, the current price target is provided by 1 analyst. New target price is 46% above last closing price of AU$3.40. Stock is down 12% over the past year. The company posted a net loss per share of AU$0.099 last year. Reported Earnings • Feb 21
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: AU$0.10 loss per share (up from AU$0.28 loss in 1H 2021). Revenue: AU$11.3m (up 110% from 1H 2021). Net loss: AU$27.7m (loss narrowed 60% from 1H 2021). Revenue exceeded analyst estimates by 184%. Earnings per share (EPS) missed analyst estimates by 81%. Over the next year, revenue is forecast to grow 1,942%, compared to a 102% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jan 28
Omni Bridgeway Limited Announces Executive Appointments Omni Bridgeway announced continued expansion of its US investment team and C-suite. Chief Investment Officers (US): The four appointments include internal promotions for key executive positions including Jim Batson and Matt Harrison as Managing Directors and co-Chief Investment Officer(s) – US. In their new roles, Jim and Matt oversee all aspects of Omni Bridgeway's investment management, due diligence processes and operations in the US. Jim joined Omni Bridgeway in 2014 as Senior Investment Manager, Director of Business Development and Structuring – US and is head of the New York office. Matt joined the company as Senior Investment Manager, Director of Complex Strategies – US and head of San Francisco Bay Area operations, which he launched in 2015. While the joint appointment both supports and reflects Omni Bridgeway's progress on its global and US growth strategy, it also ensures seamless business continuity as Allison K. Chock, former Chief Investment Officer – US stepped down on December 31, 2021. This planned transition includes Allison continuing as a member of the US Investment Committee and director of the US operating entity. C-line Appointments: In addition, two C-line appointments have been made in newly established positions. The team welcomes marketing veteran Lindsay Hamilton as Global Chief Marketing Officer. Based in New York, Lindsay brings over 20 years of experience in marketing, business development and industry leadership in AmLaw Global 100 firms and professional and financial services, as an executive and consultant working internationally. Lindsay will lead the expansion of Omni Bridgeway's global brand and marketing strategy and operations. Also in New York the company congratulate Tina Youngon her promotion to Chief Administrative Officer – US. Tina joined the team in 2019 with 25 years of experience in financial services and IT companies including Deloitte, JPMorgan and Morgan Stanley. Her expertise spans data governance and analytics, compliance, major projects, client solutions, strategic sourcing, vendor management and operations. Price Target Changed • Jan 21
Price target decreased to AU$4.42 Down from AU$5.30, the current price target is an average from 2 analysts. New target price is 39% above last closing price of AU$3.19. Stock is down 20% over the past year. The company is forecast to post a net loss per share of AU$0.064 next year compared to a net loss per share of AU$0.099 last year. Executive Departure • Dec 03
Executive Director Hugh McLernon has left the company On the 30th of November, Hugh McLernon was replaced as CEO by Andrew Saker after 5.8 years in the role. Hugh still personally held 3.48m shares (AU$12m worth) as of September 2021. This is 1.3% of the company. Hugh is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.21 years. Under Hugh's leadership, the company delivered a total shareholder return of 148%. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. MD of EMEA & Executive Director Raymond van Hulst was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 11
Price target decreased to AU$5.30 Down from AU$5.70, the current price target is provided by 1 analyst. New target price is 91% above last closing price of AU$2.78. Stock is down 27% over the past year. The company posted a net loss per share of AU$0.099 last year. Recent Insider Transactions • Sep 17
Independent Non-Executive Chairman recently bought AU$187k worth of stock On the 10th of September, Michael Graham Kay bought around 50k shares on-market at roughly AU$3.74 per share. In the last 3 months, they made an even bigger purchase worth AU$195k. Michael Graham has been a buyer over the last 12 months, purchasing a net total of AU$553k worth in shares. Recent Insider Transactions • Sep 04
Executive Director recently sold AU$1.9m worth of stock On the 1st of September, Hugh McLernon sold around 477k shares on-market at roughly AU$4.03 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$5.9m more than they bought in the last 12 months. Reported Earnings • Aug 20
Full year 2021 earnings released: AU$0.099 loss per share (vs AU$0.049 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$17.7m (down 34% from FY 2020). Net loss: AU$25.5m (loss widened 121% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 11
Omni Bridgeway Limited Announces Brisbane Floods Class Action (Wivenhoe) Update Omni Bridgeway Limited (Omni Bridgeway) referred to its announcement dated 3 May 2021 regarding court approval of the settlement for AUD 440 million of part of the Brisbane Floods class action (Wivenhoe) with the State of Queensland and Sunwater (Settlement). The prior announcement noted that Omni Bridgeway would recognise income in fiscal year 2021 from the Settlement of AUD 30 million comprising its cost reimbursement and project management fee, plus an amount of its funding commission which remained to be determined. Omni Bridgeway has now made this determination together with an estimation of the future income from the Settlement comprising the balance of its funding commission not recognised in fiscal year 2021 and the potential future income from the ongoing claims against Seqwater. Announcement • Apr 30
Omni Bridgeway Limited Announces Settlement Within State of Queensland and Sunwater Omni Bridgeway Limited refers to its announcement dated 26 February 2021 regarding with the State of Queensland (State) and Sunwater for an aggregate amount of AUD 440 million (Settlement and Settlement Amount). The parties have now entered into a settlement deed. The Settlement remains subject to court approval. The Settlement approval hearing before the Supreme Court of New South Wales (Court) is on 3 and 4 May 2021. If the Settlement is approved by the Court, the Settlement Amount, some of which will be paid after a period of time, will be held on trust by the settlement administrator. Omni Bridgeway has a contractual right to recover from the Settlement Amount the project costs, the project management fee, and commission. As at the date of this announcement the project costs paid by Omni Bridgeway and the project management fee total approximately $30 million, net of the amount of costs and share of project management fee due to the participating funder. Subject to Court approval of the Settlement and the terms of approval, Omni Bridgeway intends to derecognise 50% of its investment, being the proportion of the liability allocated to the State and Sunwater and recognise initial income of approximately $30 million thereby generating a profit (after overheads) of approximately $11 million in respect to the project costs and project management fee, this financial year. There will be further income to be recognised from the Settlement in respect of the commission, a portion of which can be recognised this financial year with the balance to be recognised in future financial periods. Whilst Omni Bridgeway is entitled to receive a funding commission from the Settlement Amount, the calculation of that total amount requires that the resolution sum of each group member be determined. It is currently proposed that a part of the Settlement Amount will be available to contribute towards an adverse costs order if the final determination in respect of Seqwater is not in its clients' favour, and that a further application will be made to the Court in the future for approval with respect to payment from the Settlement Amount of items including costs incurred, and project management fee accruing, after the approval date. The remaining 50% of the investment relating to the judgment against Seqwater, remains unsettled and will continue to be carried as an intangible investment at cost pending future resolution. Seqwater's appeal against the judgment is due to be heard in the New South Wales Appeal Court from 17 May 2021. Recent Insider Transactions • Apr 13
Executive Director recently sold AU$3.6m worth of stock On the 8th of April, Hugh McLernon sold around 1m shares on-market at roughly AU$3.63 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.2m more than they bought in the last 12 months. Recent Insider Transactions • Apr 07
Independent Non-Executive Chairman recently bought AU$171k worth of stock On the 31st of March, Michael Graham Kay bought around 49k shares on-market at roughly AU$3.52 per share. This was the largest purchase by an insider in the last 3 months. This was Michael Graham's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 31
Executive Director recently sold AU$752k worth of stock On the 23rd of March, Hugh McLernon sold around 209k shares on-market at roughly AU$3.60 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 27
First half 2021 earnings released: AU$0.28 loss per share (vs AU$0.16 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$5.35m (down 51% from 1H 2020). Net loss: AU$69.9m (loss widened 100% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Feb 20
Omni Bridgeway Limited to Report First Half, 2021 Results on Feb 25, 2021 Omni Bridgeway Limited announced that they will report first half, 2021 results on Feb 25, 2021 Is New 90 Day High Low • Feb 14
New 90-day low: AU$3.67 The company is down 2.0% from its price of AU$3.74 on 16 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Diversified Financial industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: AU$4.43 The company is up 15% from its price of AU$3.85 on 06 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Diversified Financial industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Oct 29
New 90-day low: AU$3.47 The company is down 24% from its price of AU$4.58 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is down 13% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: AU$3.83 The company is down 22% from its price of AU$4.92 on 23 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Diversified Financial industry, which is also down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Aug 19
Omni Bridgeway Limited to Report Fiscal Year 2020 Results between Aug 24, 2020 and Aug 28, 2020 Omni Bridgeway Limited announced that they will report fiscal year 2020 results at 10:09 PM, GMT Standard Time on between Aug 24, 2020 and Aug 28, 2020 Announcement • Jul 31
Omni Bridgeway Limited (ASX:OBL) acquired 2238319 Alberta Ltd. for approximately CAD 14.5 million. Omni Bridgeway Limited (ASX:OBL) acquired 2238319 Alberta Ltd. for approximately CAD 14.5 million on April 2, 2020. The sale of proceeds from the transaction will be distributed to former shareholders of Pengrowth Energy Corporation pursuant to Pengrowth’s arrangement with Cona Resources Ltd, which became effective on January 7, 2020. Each former Pengrowth shareholder will receive approximately an additional CAD 0.025 per Pengrowth share as a result of the transaction.
Omni Bridgeway Limited (ASX:OBL) completed the acquisition of 2238319 Alberta Ltd. on April 2, 2020. 
