Recent Insider Transactions • Apr 30
Founder recently bought AU$66k worth of stock On the 24th of April, Joseph Glew bought around 438k shares on-market at roughly AU$0.15 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, they made an even bigger purchase worth AU$98k. Joseph has been a buyer over the last 12 months, purchasing a net total of AU$1.1m worth in shares. Annuncio • Apr 03
BlackWall Limited (ASX:BWF) announces an Equity Buyback. BlackWall Limited (ASX:BWF) announces a share repurchase program. Under the offer, the company will repurchase from the shareholders who hold less than AUD 500 worth of shares. The shares will be repurchased at AUD 0.163 per share. The repurchased shares will be cancelled. The record date for the offer is March 31, 2026. The offer will be valid till May 20, 2026. Recent Insider Transactions • Feb 24
Founder recently bought AU$98k worth of stock On the 18th of February, Joseph Glew bought around 475k shares on-market at roughly AU$0.21 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$428k. Joseph has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Reported Earnings • Feb 20
First half 2026 earnings released: AU$0.005 loss per share (vs AU$0.009 loss in 1H 2025) First half 2026 results: AU$0.005 loss per share (improved from AU$0.009 loss in 1H 2025). Net loss: AU$919.0k (loss narrowed 36% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 05
Founder recently bought AU$50k worth of stock On the 2nd of February, Joseph Glew bought around 250k shares on-market at roughly AU$0.20 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, they made an even bigger purchase worth AU$428k. Joseph has been a buyer over the last 12 months, purchasing a net total of AU$905k worth in shares. Recent Insider Transactions • Jan 24
Founder recently bought AU$428k worth of stock On the 21st of January, Joseph Glew bought around 2m shares on-market at roughly AU$0.21 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joseph has been a buyer over the last 12 months, purchasing a net total of AU$855k worth in shares. Recent Insider Transactions • Nov 22
Founder recently bought AU$114k worth of stock On the 18th of November, Joseph Glew bought around 550k shares on-market at roughly AU$0.21 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joseph has been a buyer over the last 12 months, purchasing a net total of AU$224k worth in shares. Annuncio • Oct 02
BlackWall Limited, Annual General Meeting, Nov 14, 2025 BlackWall Limited, Annual General Meeting, Nov 14, 2025. Location: wotso cremorne, 237 military road, cremorne nsw 2090, and, Australia Recent Insider Transactions • Aug 30
Insider recently sold AU$81k worth of stock On the 25th of August, Robin Tedder sold around 202k shares on-market at roughly AU$0.40 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$77k more than they bought in the last 12 months. Declared Dividend • Aug 29
Final dividend of AU$0.005 announced Shareholders will receive a dividend of AU$0.005. Ex-date: 8th September 2025 Payment date: 7th October 2025 Dividend yield will be 12%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 28
Full year 2025 earnings released: AU$0.079 loss per share (vs AU$0.006 loss in FY 2024) Full year 2025 results: AU$0.079 loss per share (further deteriorated from AU$0.006 loss in FY 2024). Net loss: AU$13.3m (loss widened AU$12.6m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Annuncio • Apr 02
BlackWall Limited (ASX:BWF) announces an Equity Buyback. BlackWall Limited (ASX:BWF) announces a share repurchase program. Under the offer, the company will repurchase from the shareholders who hold less than AUD 500 worth of shares. The shares will be repurchased at AUD 0.355 per share. The repurchased shares will be cancelled. The record date for the offer is March 26, 2025. The offer will be valid till May 12, 2025. New Risk • Mar 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 57% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$1.7m revenue, or US$1.1m). Market cap is less than US$100m (AU$63.8m market cap, or US$40.2m). Declared Dividend • Mar 03
First half dividend of AU$0.005 announced Shareholders will receive a dividend of AU$0.005. Ex-date: 10th March 2025 Payment date: 8th April 2025 Dividend yield will be 7.9%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Mar 01
First half 2025 earnings released: AU$0.009 loss per share (vs AU$0.11 profit in 1H 2024) First half 2025 results: AU$0.009 loss per share (down from AU$0.11 profit in 1H 2024). Net loss: AU$1.44m (down 116% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Annuncio • Sep 30
BlackWall Limited, Annual General Meeting, Nov 01, 2024 BlackWall Limited, Annual General Meeting, Nov 01, 2024. Location: at the boardroom, level 1, 50 yeo street, neutral bay nsw, Australia Upcoming Dividend • Sep 13
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 11 October 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (6.0%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 17
Full year 2024 earnings released: AU$0.006 loss per share (vs AU$0.015 loss in FY 2023) Full year 2024 results: AU$0.006 loss per share (improved from AU$0.015 loss in FY 2023). Net loss: AU$710.0k (loss narrowed 29% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 30% 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. Declared Dividend • Aug 17
Final dividend of AU$0.025 announced Dividend of AU$0.025 is the same as last year. Ex-date: 20th September 2024 Payment date: 11th October 2024 Dividend yield will be 11%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (483% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. Upcoming Dividend • Mar 05
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 9.3%. Within top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.8%). Declared Dividend • Feb 15
First half dividend of AU$0.025 announced Shareholders will receive a dividend of AU$0.025. Ex-date: 12th March 2024 Payment date: 5th April 2024 Dividend yield will be 10.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (407% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.1% EPS decline seen over the last 5 years. Reported Earnings • Feb 15
First half 2024 earnings released: EPS: AU$0.11 (vs AU$0.028 in 1H 2023) First half 2024 results: EPS: AU$0.11 (up from AU$0.028 in 1H 2023). Revenue: AU$3.83m (up 7.9% from 1H 2023). Net income: AU$8.82m (up 373% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 5.3% to AU$0.49. The fair value is estimated to be AU$0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 29
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 14% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 404% Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (155% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$6.9m revenue, or US$4.6m). Market cap is less than US$100m (AU$95.4m market cap, or US$63.0m). Buying Opportunity • Jan 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be AU$0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 19
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be AU$0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 155% This is considered a major 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 404% Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (155% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$6.9m revenue, or US$4.5m). Market cap is less than US$100m (AU$86.0m market cap, or US$56.4m). Annuncio • Oct 30
BlackWall Limited, Annual General Meeting, Nov 30, 2023 BlackWall Limited, Annual General Meeting, Nov 30, 2023, at 11:15 AUS Eastern Standard Time. Location: Boardroom,Level1,50YeoStreet,NeutralBayNSW New South Wales Australia Agenda: To receive and consider the Financial Report, Directors' Report and Auditor's Report for the financial year ended 30 June 2023; to consider the Adoption of Remuneration Report; to consider the Re-election of Robin Tedder; to consider the Approval of Additional 10% Placement Capacity; and to consider other matters. Upcoming Dividend • Sep 07
Upcoming dividend of AU$0.025 per share at 8.6% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 30 November 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 8.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.015 loss per share (vs AU$0.025 profit in FY 2022) Full year 2023 results: AU$0.015 loss per share (down from AU$0.025 profit in FY 2022). Revenue: AU$6.91m (up 8.7% from FY 2022). Net loss: AU$1.01m (down 161% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Aug 25
BlackWall Limited (ASX:BWF) made an offer to acquire Pelorus Private Equity Limited from Lymkeesh Pty. Ltd., Seno Management Pty. Ltd. and others. BlackWall Limited (ASX:BWF) made an offer to acquire Pelorus Private Equity Limited from Lymkeesh Pty. Ltd., Seno Management Pty. Ltd. and others on August 24, 2023. BWF obtaining a relevant interest in at least 80% of Pelorus Shares, BWF shareholder approval of the acquisition of Pelorus Shares and issue of new BWF shares contemplated by the Takeover Bid, No regulatory action and The securityholdersof WOTSO Property(ASX:WOT) approving the acquisition of relevant interests inWOT securities as a resultof the Takeover Bid. Expected offerclose date is October 27, 2023. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.028 (vs AU$0.02 in 1H 2022) First half 2023 results: EPS: AU$0.028 (up from AU$0.02 in 1H 2022). Revenue: AU$3.51m (up 18% from 1H 2022). Net income: AU$1.87m (up 48% from 1H 2022). Profit margin: 53% (up from 42% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Aug 24
Now 23% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be AU$0.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Aug 19
Full year 2022 earnings released: EPS: AU$0.025 (vs AU$0.048 in FY 2021) Full year 2022 results: EPS: AU$0.025 (down from AU$0.048 in FY 2021). Revenue: AU$6.36m (down 13% from FY 2021). Net income: AU$1.65m (down 46% from FY 2021). Profit margin: 26% (down from 42% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 5 non-independent directors. Founder & Non-Executive Chairman Seph Glew was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Mar 16
Joint MD exercised options to buy AU$915k worth of stock. On the 8th of March, Timothy Brown exercised options to buy 1m shares at a strike price of around AU$0.55, costing a total of AU$550k. This transaction amounted to 51% of their direct individual holding at the time of the trade. Since September 2021, Timothy has owned 1.96m shares directly. Company insiders have collectively bought AU$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Mar 09
Upcoming dividend of AU$0.026 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 07 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.8%. Within top quartile of Australian dividend payers (5.8%). Higher than average of industry peers (4.0%). Reported Earnings • Feb 24
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: AU$0.02 (up from AU$0.016 in 1H 2021). Revenue: AU$3.55m (up 24% from 1H 2021). Net income: AU$1.26m (up 23% from 1H 2021). Profit margin: 36% (in line with 1H 2021). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Annuncio • Feb 22
BlackWall Limited Announces Fully Franked Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on April 7, 2022 BlackWall Limited announced fully franked ordinary dividend of 26 cents per share for the six months ended December 31, 2021. Ex-date on March 16, 2022. Record date on March 17, 2022. Payable date on April 7, 2022. Buying Opportunity • Feb 10
Now 21% undervalued Over the last 90 days, the stock is up 48%. The fair value is estimated to be AU$1.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. Earnings per share has declined by 21% per annum over the last 3 years. Recent Insider Transactions Derivative • Aug 27
Joint MD exercised options to buy AU$321k worth of stock. On the 23rd of August, Jessica Glew exercised options to buy 536k shares at a strike price of around AU$0.55, costing a total of AU$295k. This transaction amounted to 97% of their direct individual holding at the time of the trade. Since September 2020, Jessica has owned 535.00k shares directly. Company insiders have collectively bought AU$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 20
Full year 2021 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: AU$7.79m (down 35% from FY 2020). Net income: AU$3.05m (down 28% from FY 2020). Profit margin: 39% (up from 36% in FY 2020). The increase in margin was driven by lower expenses. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.016 (vs AU$0.026 in 1H 2020) The company reported a soft first half result with weaker earnings and revenues, although profit margins were improved. First half 2021 results: Revenue: AU$2.86m (down 41% from 1H 2020). Net income: AU$1.02m (down 38% from 1H 2020). Profit margin: 36% (up from 34% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: AU$0.49 The company is up 13% from its price of AU$0.44 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: AU$0.41 The company is down 11% from its price of AU$0.46 on 29 October 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: AU$0.41 The company is down 2.0% from its price of AU$0.42 on 22 September 2020. The Australian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: AU$0.47 The company is up 34% from its price of AU$0.35 on 03 July 2020. The Australian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 2.0% over the same period. 