New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.1m (US$8.32m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 81% per year over the past 5 years. Market cap is less than US$10m (AU$12.1m market cap, or US$8.32m). Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 11
Mayfield Childcare Limited, Annual General Meeting, May 26, 2026 Mayfield Childcare Limited, Annual General Meeting, May 26, 2026. Ankündigung • Nov 07
Embark Early Education Limited (ASX:EVO) proposed to acquire remaining 80.10% stake in Mayfield Childcare Limited (ASX:MFD) for AUD 30.2 million. Embark Early Education Limited (ASX:EVO) proposed to acquire remaining 80.10% stake in Mayfield Childcare Limited (ASX:MFD) for AUD 30.2 million on November 7, 2025. A cash consideration of AUD 30.25 million valued at AUD 0.5 per share will be paid by Embark Early Education Limited. As part of consideration, AUD 0.05 million is paid towards Performance rights rights and AUD 30.21 million is paid towards common equity of Mayfield Childcare Limited. Upon completion, Embark Early Education Limited will own 100% stake in Mayfield Childcare Limited. Ankündigung • Mar 19
Mayfield Childcare Limited Announces Appointment of Daniel Stone as Chief Executive Officer, Effective 31 March 2025 Mayfield Childcare Limited announced that its new CEO, Daniel Stone, will commence his appointment early on 31 March 2025. This comes further to the ASX Announcement lodged by the Company on 24 February 2025 regarding the appointment of Daniel Stone as Mayfield's new CEO. As previously announced to the ASX, Daniel replaces the Company's former CEO, Ashok Naveinthiran who retired on 10 March 2025. Ankündigung • Mar 06
Mayfield Childcare Limited, Annual General Meeting, May 20, 2025 Mayfield Childcare Limited, Annual General Meeting, May 20, 2025. New Risk • Feb 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$31.7m market cap, or US$19.9m). Board Change • Feb 04
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 23
Mayfield Childcare Limited Announces Board Changes Mayfield Childcare Limited provided the following update regarding the CEO recruitment process and recent Board changes. The Board of Directors are in the final stages of the CEO recruitment process and anticipate making an announcement in the near future. As the recruitment process remains on foot, the Board has appointed former Non-Executive Director, Lubna Matta as Executive Director, to support the CEO appointment and Company during this transitional period. Lubna brings valuable experience, a strong understanding of Mayfield's operations, and a proven track record in multi-site operational management, including direct experience divesting complex business assets. Lubna will focus on supporting the Board, working with the management team and assisting with the implementation of the Company's restructure to ensure continuity during the transition to a new CEO. As part of the Company renewal process, current Director Roseanne Healy has been appointed as Independent Non-Executive Chair of the Company. David Niall, who has served as an Independent Non-Executive Director since 2021 and Chair since August 2022, having previously advised of his intention to step down as Chair, has further advised he will be stepping down as a Director on January 23, 2025. David provided steady leadership through a challenging period, helping Mayfield implement key strategic initiatives and positioning the Company for its next phase of growth. Under David's stewardship, the Company expanded its national footprint, improved operational efficiency and governance, whilst also working through a number of challenging legacy issues, including the identification and rectification of fraudulent activity by a former executive. Heidi Beck has made a personal decision to resign as a Director on January 23, 2025. Ankündigung • Jan 03
Mayfield Childcare Limited has completed a Follow-on Equity Offering in the amount of AUD 4.57565 million. Mayfield Childcare Limited has completed a Follow-on Equity Offering in the amount of AUD 4.57565 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,837,992
Price\Range: AUD 0.4651
Discount Per Security: AUD 0.023255
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 31
Mayfield Childcare Limited has filed a Follow-on Equity Offering in the amount of AUD 4.57565 million. Mayfield Childcare Limited has filed a Follow-on Equity Offering in the amount of AUD 4.57565 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,837,992
Price\Range: AUD 0.4651
Discount Per Security: AUD 0.023255
Transaction Features: Subsequent Direct Listing Board Change • Sep 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman David Niall is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 10
Mayfield Childcare Limited Announces Resignation of Ashok Naveinthiran as CEO Mayfield Childcare Limited announced that Ashok Naveinthiran has provided the Board with his resignation as CEO. In line with his contract, Ashok has provided six months' notice and will work closely with the Board to ensure an orderly transition of responsibilities, which will include finalising the integration work underway for the recently completed acquisition of Precious Cargo. The Board will immediately commence an extensive executive search process for a new CEO. The Company will seek qualified candidates with a strong track record in leading multi-site national operations of a similar or larger scale to Mayfield and will provide further details in relation to its recruitment process in the coming days. Ankündigung • Aug 20
Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Seven Centres in South Australia from Precious Cargo Education Pty Ltd. Mayfield Childcare Limited (ASX:MFD) signed a letter of intent to acquire Seven Centres in South Australia from Precious Cargo Education Pty Ltd for AUD 4.8 million on July 8, 2024. A cash consideration of AUD 4.8 million will be paid by Mayfield Childcare Limited. As part of consideration, AUD 4.8 million is paid towards None of Seven Centres in South Australia. The transaction will be financed through existing working capital of AUD 2.6 million.
The transaction is subject to definitive agreement. The completion of the transaction is expected to occur in Q3 2024.
Mayfield Childcare Limited (ASX:MFD) signed binding agreement on August 13, 2024. BDO (Australia) Limited and Steinepreis Paganin acted as due diligence advisors to Mayfield Childcare Limited. Seven Centres in South Australia reported EBITDA of AUD 1.3 million for the period ending December 31, 2023. Seven Centres in South Australia reported EBITDA of AUD 1.3 million for the period ending December 31, 2023. The transaction is expected to be completed by August 31, 2024.
Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Seven Centres in South Australia from Precious Cargo Education Pty Ltd on August 19, 2024.The total consideration paid at settlement of AUD 2.3 million was funded from existing working capital facilities. Ankündigung • Apr 03
Mayfield Childcare Limited, Annual General Meeting, May 30, 2024 Mayfield Childcare Limited, Annual General Meeting, May 30, 2024, at 10:01 E. Australia Standard Time. Buy Or Sell Opportunity • Mar 04
Now 22% undervalued Over the last 90 days, the stock has risen 23% to AU$0.81. The fair value is estimated to be AU$1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.022 loss per share (vs AU$0.076 profit in FY 2022) Full year 2023 results: AU$0.022 loss per share (down from AU$0.076 profit in FY 2022). Revenue: AU$77.6m (up 10% from FY 2022). Net loss: AU$1.43m (down 129% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Ankündigung • Dec 06
Mayfield Childcare Limited Announces Executive Changes Mayfield Childcare Limited announced appointment of Tamara Barr as the Company Secretary. The Board thanks its outgoing Company Secretary, Andrew Draffin, for his longstanding contribution to the Company since 2016 and for ensuring a smooth transition of responsibilities. Tamara brings over 17 years' experience practising as a Company Secretary and Corporate Governance Advisor across a variety of corporate sectors and industries. She has worked predominantly in Australia, as well as in the UK and Europe, providing services to ASX listed, public and not-for-profit corporations. Tamara is a Fellow Company Secretary (FGIA). Board Change • Oct 26
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 02
Mayfield Childcare Limited Does Not Declare an Interim Dividend for the Half-Year Ended June 30, 2023 Mayfield Childcare Limited did not declare an interim dividend for the half-year ended June 30, 2023. Ankündigung • Aug 09
Mayfield Childcare Limited Announces Resignation of Lubna Matta as Non-Executive Director, Effective 30 September 2023 Mayfield Childcare Limited announced that Ms. Lubna Matta will resign from the Board as a Non-Executive Director, effective 30 September 2023. Ms Matta has made the decision to step down due to external professional commitments. The Company will commence an independent process to appoint additional Non-Executive Directors. Ankündigung • Jul 18
Mayfield Childcare Limited Announces of Appointment of Chris Hayes as Chief Financial Officer Mayfield Childcare Limited announce that Chris Hayes has been appointed Mayfield's Chief Financial Officer commencing 18 July 2023. Chris joins Mayfield having held a number of Executive finance roles at various ASX listed and unlisted companies, including most recently at Spirit Technology Solutions Limited initially as Interim Chief Financial Officer, followed by three years as Chief Commercial Officer, during a period of significant growth. Chris has a background in audit and has spent a number of years in Chief Financial Officer roles with a focus on working in high growth companies with skills in establishing financial platforms and processes that support growth and governance. Chris was previously a Principal at BDO Australia where he was a leader in the audit and assurance team. Chris Hayes is a member of CPA Australia and holds a Bachelor of Business (Accounting) from the University of Ballarat. Ankündigung • May 26
Mayfield Childcare Limited (ASX:MFD) acquired Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd for AUD 2.4 million. Mayfield Childcare Limited (ASX:MFD) acquired Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd for AUD 2.4 million on May 26, 2023. The acquisition is funded from existing debt facilities. Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd on May 26, 2023. Ankündigung • May 23
Mayfield Childcare Limited Announces Resignation of Glenn Raines as Chief Financial Officer Mayfield Childcare Limited Announced that Glenn Raines, Chief Financial Officer, has tendered his resignation on 23 May 2023. Glenn will assist the Company with an appropriate transition of his financial accountabilities, with his finalday of employment to be agreed with the Company. The Company has commenced the search for a suitable replacement. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: AU$0.076 (vs AU$0.065 in FY 2021) Full year 2022 results: EPS: AU$0.076 (up from AU$0.065 in FY 2021). Revenue: AU$70.5m (up 76% from FY 2021). Net income: AU$4.88m (up 121% from FY 2021). Profit margin: 6.9% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Apr 14
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: AU$0.079 (vs AU$0.075 in FY 2021) Full year 2022 results: EPS: AU$0.079 (up from AU$0.075 in FY 2021). Revenue: AU$70.4m (up 76% from FY 2021). Net income: AU$5.06m (up 97% from FY 2021). Profit margin: 7.2% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Feb 08
Mayfield Childcare Limited (ASX:MFD) agreed to acquire Childcare centre in Queensland for AUD 1.07 million. Mayfield Childcare Limited (ASX:MFD) agreed to acquire Childcare centre in Queensland for AUD 1.07 million on February 8, 2023. The acquisition is funded from existing debt facilities.Mayfield Childcare Limited (ASX:MFD) Completed the acquisition of Childcare centre in Queensland for AUD 1.07 million on February 8, 2023. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$1.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Consumer Services industry in Australia. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 26% share price gain to AU$1.23, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Consumer Services industry in Australia. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director John Kaminsky was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Niall was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: AU$0.075 (down from AU$0.12 in FY 2020). Revenue: AU$40.1m (up 6.7% from FY 2020). Net income: AU$2.57m (down 31% from FY 2020). Profit margin: 6.4% (down from 10.0% in FY 2020). Revenue exceeded analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 105%, compared to a 33% growth forecast for the industry in Australia. Board Change • Feb 17
No independent 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. No independent directors (4 non-independent directors). Executive Director Michelle Clarke was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 15
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Michelle Clarke was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 11
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Michelle Clarke was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 13
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Michelle Clarke was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 23
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Michelle Clarke was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
