Upcoming Dividend • Jul 21
Upcoming dividend of AU$0.17 per share Eligible shareholders must have bought the stock before 28 July 2025. Payment date: 06 August 2025. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 2.6%. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Lye Mak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
First half 2025 earnings released: EPS: AU$0.004 (vs AU$0.006 in 1H 2024) First half 2025 results: EPS: AU$0.004 (down from AU$0.006 in 1H 2024). Revenue: AU$131.4m (up 9.1% from 1H 2024). Net income: AU$2.43m (down 13% from 1H 2024). Profit margin: 1.8% (down from 2.3% in 1H 2024). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Consumer Durables industry. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Feb 20
AVJennings Limited to Report First Half, 2025 Results on Feb 25, 2025 AVJennings Limited announced that they will report first half, 2025 results on Feb 25, 2025 Annonce • Jan 16
Ho Bee Land Limited (SGX:H13) proposed to acquire 94.51% stake in AVJennings Limited (ASX:AVJ) for AUD 370 million. Ho Bee Land Limited (SGX:H13) proposed to acquire 94.51% stake in AVJennings Limited (ASX:AVJ) for AUD 370 million on January 15, 2025. A cash consideration valued at AUD 0.7 per share will be paid by Ho Bee Land Limited.
The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and definitive agreement. AVJennings shareholders do not need to take any action in relation to the Ho Bee Land Proposal or the AVID Proposal at this time.
The Proposed Transaction, if it proceeds, is not expected to have a material impact on the consolidated net tangible assets per share or earnings per share of AVJennings for the current financial year ending December 31, 2025. Annonce • Nov 29
Avid Property Group Holdings Pty Ltd and Proprium Capital Partners (Australia) Pty Ltd proposed to acquire AVJennings Limited (ASX:AVJ). Avid Property Group Holdings Pty Ltd and Proprium Capital Partners (Australia) Pty Ltd proposed to acquire AVJennings Limited (ASX:AVJ) from SC Global Developments Pte. Ltd. and Brazil Farming Pty Ltd, Asset Management Arm and others on November 28, 2024. A cash consideration valued at AUD 0.67 per share will be paid by Avid Property Group Holdings Pty Ltd and Proprium Capital Partners (Australia) Pty Ltd. The transaction is subject to unanimous recommendation by the Board of AVJennings Limited (ASX:AVJ). The deal is also subject to the approval by Australian Foreign Investment Review Board, New Zealand Overseas Investment Office approval and other necessary regulatory approvals. The transaction is subject to approval of offer by acquirer board, approval of offer by target shareholders, consummation of due diligence investigation and court approval. Barrenjoey Capital Partners acted as financial advisor for AVJennings Limited. Allens acted as legal advisor for AVJennings Limited. New Risk • Nov 28
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 28% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Annonce • Sep 11
AVJennings Limited, Annual General Meeting, Nov 28, 2024 AVJennings Limited, Annual General Meeting, Nov 28, 2024. Location: victoria, melbourne Australia Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: AU$0.002 (vs AU$0.052 in FY 2023) Full year 2024 results: EPS: AU$0.002 (down from AU$0.052 in FY 2023). Revenue: AU$319.7m (up 17% from FY 2023). Net income: AU$1.02m (down 95% from FY 2023). Profit margin: 0.3% (down from 7.8% in FY 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Global Consumer Durables industry. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Annonce • Aug 21
AVJennings Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 AVJennings Limited announced that they will report fiscal year 2024 results on Aug 28, 2024 Board Change • Jul 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. 2 experienced directors. 5 highly experienced directors. Non-Executive Director Lye Mak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
First half 2024 earnings released: EPS: AU$0.006 (vs AU$0.037 in 1H 2023) First half 2024 results: EPS: AU$0.006 (down from AU$0.037 in 1H 2023). Revenue: AU$120.4m (down 14% from 1H 2023). Net income: AU$2.80m (down 82% from 1H 2023). Profit margin: 2.3% (down from 11% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Feb 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). Annonce • Feb 23
AVJennings Limited to Report First Half, 2024 Results on Feb 26, 2024 AVJennings Limited announced that they will report first half, 2024 results on Feb 26, 2024 New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% 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 3.6% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (AU$139.4m market cap, or US$90.1m). New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$113.5m (US$71.6m) 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 3.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$113.5m market cap, or US$71.6m). Annonce • Sep 01
AVJennings Limited Not Declares Final Dividend for the Fiscal Year 2023 AVJennings Limited announced d final dividend was not declared in fiscal year 2023 also in response to forward market uncertainty resulting in a total dividend declared, fully franked, in respect to fiscal year 2023 of 1.10 cents per share. Reported Earnings • Aug 22
Full year 2023 earnings released: EPS: AU$0.052 (vs AU$0.032 in FY 2022) Full year 2023 results: EPS: AU$0.052 (up from AU$0.032 in FY 2022). Revenue: AU$274.3m (up 23% from FY 2022). Net income: AU$21.3m (up 63% from FY 2022). Profit margin: 7.8% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Aug 18
AVJennings Limited to Report Fiscal Year 2023 Results on Aug 21, 2023 AVJennings Limited announced that they will report fiscal year 2023 results on Aug 21, 2023 New Risk • Aug 18
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 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.011 per share at 4.4% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.037 (vs AU$0.02 in 1H 2022) First half 2023 results: EPS: AU$0.037 (up from AU$0.02 in 1H 2022). Revenue: AU$140.4m (up 20% from 1H 2022). Net income: AU$15.2m (up 87% from 1H 2022). Profit margin: 11% (up from 7.0% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • Feb 17
AVJennings Limited Announces Dividend for the Six Months Ended December 31, 2022, Payable on March 24, 2023 AVJennings Limited announced ordinary dividend for the six months ended December 31, 2022 of AUD 0.01100000 per share. Ex-date is March 8, 2023. Record date is March 9, 2023. Payment date is March 24, 2023. Annonce • Feb 14
AVJennings Limited to Report First Half, 2023 Results on Feb 16, 2023 AVJennings Limited announced that they will report first half, 2023 results on Feb 16, 2023 Annonce • Nov 15
AVJennings Limited Appoints Shanna Souter as Chief Financial Officer, Effective from 20 February 2023 AVJennings Limited announced the appointment of Ms. Shanna Souter as the Company's new Chief Financial Officer. Joining AVJennings on 20 February 2023, Ms Souter has over 20 years' experience with over 14 of those in the property industry holding senior management roles. For the last 11 years she has been at Mirvac, where most recently she held the role of GM, Finance and Operations, Residential overseeing a wide range of finance and operationalactivities across its residential business. She also held previous roles within its construction business and as the Head of Internal Audit. She has also held roles at Brookfield Infrastructure and EY. Annonce • Sep 21
AVJennings Limited, Annual General Meeting, Nov 18, 2022 AVJennings Limited, Annual General Meeting, Nov 18, 2022, at 10:00 AUS Eastern Standard Time. Location: at the Fullerton Hotel Sydney, 1 Martin Place Sydney New South Wales Australia Annonce • Sep 16
AVJennings Limited Declares Final Dividend, Payable on September 21, 2022 AVJennings Limited declared the payment date for the Final Dividend of 0.67 cents per share will be moved from 22 September to 21 September 2022. Reported Earnings • Aug 20
Full year 2022 earnings released: EPS: AU$0.032 (vs AU$0.046 in FY 2021) Full year 2022 results: EPS: AU$0.032 (down from AU$0.046 in FY 2021). Revenue: AU$222.8m (down 28% from FY 2021). Net income: AU$13.1m (down 30% from FY 2021). Profit margin: 5.9% (down from 6.0% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Annonce • Aug 19
AVJennings Limited Recommends Fully Franked Final Dividend For the year 2022, Payable on 22 September 2022 The board of directors of AVJennings Limited recommended a fully franked final dividend of 0.67 cents per share for the year 2022, to be paid on 22 September 2022. The Dividend Reinvestment Plan remains suspended. Annonce • Aug 18
AVJennings Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended June 30, 2022, Payable on September 22, 2022 AVJennings Limited announced ordinary fully franked dividend of AUD 0.00670000 per share for the six months ended June 30, 2022, payable on September 22, 2022. Ex-date is September 7, 2022 and record date is September 8, 2022. Annonce • Aug 17
AVJennings Limited to Report Fiscal Year 2022 Results on Aug 18, 2022 AVJennings Limited announced that they will report fiscal year 2022 results on Aug 18, 2022 Annonce • Jun 28
AVJennings Limited Announces the Demise of Larry Mahaffy, Chief Financial Officer AVJennings Limited advised that Larry Mahaffy, the Company's Chief Financial Officer, passed away on 24 June 2022 after a long illness. Larry served the Company with great distinction since he joined in 2012 and he will be sadly missed by his colleagues. Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.011 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 21
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: AU$0.02 (up from AU$0.014 in 1H 2021). Revenue: AU$116.9m (up 2.0% from 1H 2021). Net income: AU$8.14m (up 47% from 1H 2021). Profit margin: 7.0% (up from 4.8% in 1H 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Feb 17
AVJennings Limited Declares Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022 AVJennings Limited declares dividend for the six months ended December 31, 2021 of AUD 0.01100000, payable on March 25, 2022. Ex Date is March 9, 2022 and Record Date is March 10, 2022. Annonce • Feb 15
AVJennings Limited to Report First Half, 2022 Results on Feb 17, 2022 AVJennings Limited announced that they will report first half, 2022 results on Feb 17, 2022 Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Phil Kearns was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Phil Kearns was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Phil Kearns was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.018 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (5.2%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 22
Full year 2021 earnings released: EPS AU$0.046 (vs AU$0.022 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$311.1m (up 19% from FY 2020). Net income: AU$18.7m (up 107% from FY 2020). Profit margin: 6.0% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
First half 2021 earnings released: EPS AU$0.014 (vs AU$0.022 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$114.6m (down 33% from 1H 2020). Net income: AU$5.53m (down 38% from 1H 2020). Profit margin: 4.8% (down from 5.2% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annonce • Feb 25
AVJennings Limited (ASX:AVJ) acquired Fine China project in Perth. AVJennings Limited (ASX:AVJ) acquired Fine China project in Perth during half year ended on December 31, 2020.
AVJennings Limited (ASX:AVJ) completed the acquisition of Fine China project in Perth during half year ended on December 31, 2020. Annonce • Feb 23
AVJennings Limited to Report First Half, 2021 Results on Feb 25, 2021 AVJennings Limited announced that they will report first half, 2021 results on Feb 25, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: AU$0.57 The company is up 4.0% from its price of AU$0.56 on 19 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 Real Estate industry, which is down 9.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: AU$0.56 The company is up 13% from its price of AU$0.49 on 27 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 26% over the same period. Annonce • Aug 18
AVJennings Limited to Report Fiscal Year 2020 Results on Aug 20, 2020 AVJennings Limited announced that they will report fiscal year 2020 results at 10:12 PM, GMT Standard Time on Aug 20, 2020