New Risk • Jul 13
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 13% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$96.8m market cap, or US$67.3m). Breakeven Date Change • Mar 31
Forecast to breakeven in 2026 The analyst covering Sports Entertainment Group expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$5.21m in 2026. Earnings growth of 52% is required to achieve expected profit on schedule. New Risk • Mar 04
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 15% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$77.2m market cap, or US$54.6m). Reported Earnings • Feb 21
First half 2026 earnings released: EPS: AU$0.013 (vs AU$0.002 loss in 1H 2025) First half 2026 results: EPS: AU$0.013 (up from AU$0.002 loss in 1H 2025). Revenue: AU$73.7m (up 28% from 1H 2025). Net income: AU$3.62m (up AU$4.11m from 1H 2025). Profit margin: 4.9% (up from net loss in 1H 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Media industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Sports Entertainment Group Limited, Annual General Meeting, Nov 26, 2025 Sports Entertainment Group Limited, Annual General Meeting, Nov 26, 2025. Location: at ground floor, 111 coventry street, southbank, victoria 3006, Australia Announcement • Oct 10
Sports Entertainment Group Limited (ASX:SEG) agreed to acquire audio broadcasting assets from Racing and Wagering Western Australia. Sports Entertainment Group Limited (ASX:SEG) agreed to acquire audio broadcasting assets from Racing and Wagering Western Australia on October 8, 2025. As part of acquisition, RWWA’s audio assets would operate alongside existing racing brands RSN and SEN Track, amplifying the reach, quality and consistency of racing content nationwide.
The acquisition remains subject to due diligence is expected to complete in November 2025. Recent Insider Transactions Derivative • Sep 19
CEO, MD & Director exercised options to buy AU$260k worth of stock. On the 12th of September, Craig Hutchison exercised options to buy 788k shares at a strike price of around AU$0.33, costing a total of AU$264k. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. Since June 2025, Craig has owned 51.45m shares directly. Company insiders have collectively bought AU$376k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$95.7m market cap, or US$62.6m). Declared Dividend • Aug 30
Dividend of AU$0.01 announced Shareholders will receive a dividend of AU$0.01. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 5.3%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 29
Sports Entertainment Group Limited announces Annual dividend, payable on September 30, 2025 Sports Entertainment Group Limited announced Annual dividend of AUD 0.0100 per share payable on September 30, 2025, ex-date on September 15, 2025 and record date on September 16, 2025. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$92.3m market cap, or US$60.3m). Announcement • Jul 08
Sports Entertainment Group Limited (ASX:SEG) entered into an agreement to acquire The brand and audio & digital broadcasting assets from RSN Racing & Sport for AUD 3.2 million. Sports Entertainment Group Limited (ASX:SEG) entered into an agreement to acquire The brand and audio & digital broadcasting assets from RSN Racing & Sport for AUD 3.2 million on July 8, 2025. A cash consideration of AUD 3.25 million will be paid by Sports Entertainment Group Limited. As part of consideration, AUD 3.25 million is paid towards assets of The brand and audio & digital broadcasting assets of RSN Racing & Sport. The transaction is funded by Sports Entertainment Group Limited’s cash reserves.
Sports Entertainment Group Limited will continue to operate both The brand and audio & digital broadcasting assets of RSN Racing & Sport and SEN Track on their existing frequencies.
The acquisition remains subject to customary conditions of sale. The acquisition is expected to complete on September 1, 2025. The acquisition is expected to be earnings accretive in FY26 and supports our earlier FY26 guidance to again deliver double digit EBITDA % growth in FY26. Board Change • Jun 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 24
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (in line with 1H 2024). Revenue: AU$57.5m (up 3.6% from 1H 2024). Net loss: AU$485.0k (loss narrowed 9.2% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Nov 15
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 18% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.3% increase in shares outstanding). Market cap is less than US$100m (AU$70.8m market cap, or US$45.8m). Announcement • Oct 25
Sports Entertainment Group Limited, Annual General Meeting, Nov 27, 2024 Sports Entertainment Group Limited, Annual General Meeting, Nov 27, 2024. Location: ground floor, 111 coventry street, southbank, victoria 3006 Australia New Risk • Sep 20
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (AU$83.2m market cap, or US$56.7m). Upcoming Dividend • Sep 11
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 03 October 2024. The company last paid an ordinary dividend in September 2013. The average dividend yield among industry peers is 6.7%. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.019 (vs AU$0.036 loss in FY 2023) Full year 2024 results: EPS: AU$0.019 (up from AU$0.036 loss in FY 2023). Revenue: AU$124.6m (up 5.6% from FY 2023). Net income: AU$5.04m (up AU$14.3m from FY 2023). Profit margin: 4.0% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor 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 Shares are highly illiquid. Earnings have declined by 35% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$61.4m market cap, or US$40.9m). Announcement • May 31
MT Arena Capital Investment Pty Ltd made a non-binding indictive offer to acquire 90% stake in The Perth Wildcats from Sports Entertainment Group Limited (ASX:SEG) for AUD 36 million. MT Arena Capital Investment Pty Ltd made a non-binding indictive offer to acquire 90% stake in The Perth Wildcats from Sports Entertainment Group Limited (ASX:SEG) for AUD 36 million on May 30, 2024. The consideration consists of AUD 36 million in cash. As part of the consideration, AUD 36 million was paid towards common equity. as perthe terms of the agreement an acquisition of a 90% interest over two years with a put and call option for the balance. Transaction is subject to to a number of conditions including NBL approval. Transaction is expected to complete on June 30, 2026. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 26
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 18% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$62.7m market cap, or US$39.5m). Reported Earnings • Oct 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: AU$0.036 loss per share (down from AU$0.014 profit in FY 2022). Revenue: AU$118.0m (up 8.3% from FY 2022). Net loss: AU$9.29m (down 393% from profit in FY 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Sports Entertainment Group Limited, Annual General Meeting, Nov 23, 2023 Sports Entertainment Group Limited, Annual General Meeting, Nov 23, 2023, at 15:00 AUS Eastern Standard Time. Reported Earnings • Sep 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: AU$0.036 loss per share (down from AU$0.014 profit in FY 2022). Revenue: AU$118.0m (up 8.3% from FY 2022). Net loss: AU$9.29m (down 393% from profit in FY 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Profit margins are more than 30% lower than last year (0.05% net profit margin). Market cap is less than US$100m (AU$48.3m market cap, or US$31.3m). Reported Earnings • Mar 02
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.008 profit in 1H 2022) First half 2023 results: AU$0.004 loss per share (down from AU$0.008 profit in 1H 2022). Revenue: AU$60.8m (up 24% from 1H 2022). Net loss: AU$1.16m (down 159% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Sports Entertainment Group Limited, Annual General Meeting, Nov 09, 2022 Sports Entertainment Group Limited, Annual General Meeting, Nov 09, 2022, at 15:00 AUS Eastern Standard Time. Agenda: To consider Adoption of Financial Statements and Reports; to consider Adoption of Remuneration Report for the financial year ended 30 June 2022; to consider Re-election of Mr Andrew Moffat; and to consider Re-election of Mr Colm O'Brien. Reported Earnings • Aug 31
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: AU$0.014 (up from AU$0.009 in FY 2021). Revenue: AU$109.0m (up 48% from FY 2021). Net income: AU$3.17m (up 55% from FY 2021). Profit margin: 2.9% (up from 2.8% in FY 2021). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Over the next year, revenue is forecast to stay flat compared to a 4.6% growth forecast for the Media industry in Australia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 03
Key Executive recently sold AU$168k worth of stock On the 27th of May, Jodie Simm sold around 674k shares on-market at roughly AU$0.25 per share. This was the largest sale by an insider in the last 3 months. This was Jodie's only on-market trade for the last 12 months. Announcement • Jun 02
Sports Entertainment Group Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Sports Entertainment Group Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.2
Transaction Features: Subsequent Direct Listing Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Colm O’Brien was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS AU$0.009 (vs AU$0.021 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$73.7m (up 10% from FY 2020). Net income: AU$2.04m (up AU$6.40m from FY 2020). Profit margin: 2.8% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
First half 2021 earnings released: EPS AU$0.008 (vs AU$0.006 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$34.0m (down 12% from 1H 2020). Net income: AU$1.79m (up 46% from 1H 2020). Profit margin: 5.2% (up from 3.2% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 27
Full year earnings released - AU$0.021 loss per share Over the last 12 months the company has reported total losses of AU$4.36m, with earnings decreasing by AU$7.28m from the prior year. Total revenue was AU$66.8m over the last 12 months, largely unchanged from the prior year. Announcement • Jul 24
Pacific Star Network Limited has completed a Follow-on Equity Offering in the amount of AUD 1.525 million. Pacific Star Network Limited has completed a Follow-on Equity Offering in the amount of AUD 1.525 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,777,778
Price\Range: AUD 0.225
Discount Per Security: AUD 0.01125
Transaction Features: Rights Offering