Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Finance Manager & Non-Executive Alternate Director Lyndall Vaughan was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 28
Tribune Resources Limited Announces Resignation of Stephen Buckley as Company Secretary, with Effect from 30 November 2025 Tribune Resources Limited advised that Stephen Buckley has resigned his position as Company Secretary with effect from the end of day on 30 November 2025. The Board thanks Stephen for the past seven years and wishes him all the best with his future endeavours. Anuncio • Oct 06
Tribune Resources Limited, Annual General Meeting, Nov 28, 2025 Tribune Resources Limited, Annual General Meeting, Nov 28, 2025. Location: the plaza hotel, 45 egan street, kalgoorlie, wa Australia Upcoming Dividend • Nov 11
Upcoming dividend of AU$0.20 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 16 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Anuncio • Oct 07
Tribune Resources Limited, Annual General Meeting, Nov 29, 2024 Tribune Resources Limited, Annual General Meeting, Nov 29, 2024. Location: at the plaza hotel, 45 egan street, kalgoorlie, western australia., Australia Reported Earnings • Sep 28
Full year 2024 earnings released: EPS: AU$0.083 (vs AU$0.01 in FY 2023) Full year 2024 results: EPS: AU$0.083 (up from AU$0.01 in FY 2023). Revenue: AU$108.2m (up 18% from FY 2023). Net income: AU$4.33m (up AU$3.81m from FY 2023). Profit margin: 4.0% (up from 0.6% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.68, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 14x in the Metals and Mining industry in Europe. Total returns to shareholders of 3.5% over the past three years. Reported Earnings • Mar 15
First half 2024 earnings released: EPS: AU$0.21 (vs AU$0.089 in 1H 2023) First half 2024 results: EPS: AU$0.21 (up from AU$0.089 in 1H 2023). Revenue: AU$63.4m (up 22% from 1H 2023). Net income: AU$11.1m (up 138% from 1H 2023). Profit margin: 18% (up from 8.9% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €87.7m (US$95.7m) This is considered a minor 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 Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (349% payout ratio). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€87.7m market cap, or US$95.7m). Anuncio • Oct 27
Tribune Resources Limited Declares Fully Franked Dividend, Payable on 30 November 2023 Tribune Resources Limited announced the payment of a dividend to shareholders. The Board has resolved to pay a dividend of 20 cents per share, fully franked at the company tax rate of 30%. Ex-dividend Date is 1 November 2023. Record Date is 2 November 2023. Payment Date is 30 November 2023. Buying Opportunity • Oct 13
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €2.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 79%. Anuncio • Oct 02
Tribune Resources Limited, Annual General Meeting, Nov 24, 2023 Tribune Resources Limited, Annual General Meeting, Nov 24, 2023, at 09:00 W. Australia Standard Time. Location: The Plaza Hotel, 45 Egan Street Kalgoorlie Western Australia Australia New Risk • Oct 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (191% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: AU$0.01 (vs AU$0.034 in FY 2022) Full year 2023 results: EPS: AU$0.01 (down from AU$0.034 in FY 2022). Revenue: AU$92.5m (down 26% from FY 2022). Net income: AU$522.8k (down 71% from FY 2022). Profit margin: 0.6% (down from 1.4% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Sep 29
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: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by earnings (191% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (5.5% net profit margin). Anuncio • Aug 14
Tribune Resources Limited Appoints Lyndall Vaughan as Alternate Director to Otakar Demis Tribune Resources Ltd. announced that Mr. Otakar Demis has appointed Ms. Lyndall Vaughan as his Alternate Director for Tribune Resources Limited. Lyndall has a Bachelor of Business (Major in Accounting) and is a CPA. She has worked for both Rand Mining Ltd. and Tribune Resources Ltd. for over 19 years in numerous roles including Office Manager, Accountant, Joint Company Secretary and is currently the Finance Manager of Tribune Resources Ltd. and Rand Mining Ltd. Reported Earnings • Mar 14
First half 2023 earnings released: EPS: AU$0.089 (vs AU$0.019 in 1H 2022) First half 2023 results: EPS: AU$0.089 (up from AU$0.019 in 1H 2022). Revenue: AU$52.2m (down 31% from 1H 2022). Net income: AU$4.66m (up 379% from 1H 2022). Profit margin: 8.9% (up from 1.3% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Gordon Sklenka was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 30
Full year 2022 earnings released: EPS: AU$0.034 (vs AU$0.97 in FY 2021) Full year 2022 results: EPS: AU$0.034 (down from AU$0.97 in FY 2021). Revenue: AU$124.1m (down 30% from FY 2021). Net income: AU$1.80m (down 97% from FY 2021). Profit margin: 1.4% (down from 29% in FY 2021). The decrease in margin was driven by lower revenue. Production and reserves: Gold Proved and probable reserves (ore): 1.31 Mt (1.316 Mt in FY 2021) Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Gordon Sklenka was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 13
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.019 (down from AU$0.40 in 1H 2021). Revenue: AU$75.7m (down 27% from 1H 2021). Net income: AU$973.0k (down 95% from 1H 2021). Profit margin: 1.3% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS AU$0.97 (vs AU$0.89 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$177.8m (down 1.5% from FY 2020). Net income: AU$50.7m (up 3.2% from FY 2020). Profit margin: 28% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improved over the past week After last week's 17% share price gain to AU$3.54, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 13x in the Metals and Mining industry in Europe. Total returns to shareholders of 58% over the past three years. Is New 90 Day High Low • Feb 20
New 90-day low: €3.24 The company is down 16% from its price of €3.86 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 66% over the same period. Recent Insider Transactions • Jan 01
CEO, MD & Executive Director recently bought €207k worth of stock On the 24th of December, Anthony Billis bought around 60k shares on-market at roughly €3.45 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 22
New 90-day low: €3.48 The company is down 22% from its price of €4.46 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 05
New 90-day low: €3.70 The company is down 23% from its price of €4.82 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: €4.08 The company is down 15% from its price of €4.78 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. Upcoming Dividend • Nov 04
Upcoming Dividend of AU$0.20 Per Share Will be paid on the 20th of November to those who are registered shareholders by the 11th of November. The trailing yield of 2.8% is below the top quartile of German dividend payers (3.8%), and is lower than industry peers (6.9%). Is New 90 Day High Low • Oct 02
New 90-day low: €4.10 The company is down 2.0% from its price of €4.20 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. Reported Earnings • Sep 30
Full year earnings released - EPS €0.89 Over the last 12 months the company has reported total profits of AU$49.1m, up 42% from the prior year. Total revenue was AU$180.6m over the last 12 months, down 50% from the prior year. Profit margins were 27%, which is higher than the 9.5% margin from last year. The increase in margin was driven by lower expenses.