Annuncio • Jul 03
CVC Limited Announces Appointment of Dr Andrew Ashwood to Chief Executive Officer, Effective July 1, 2026 CVC Limited had appointed Dr Andrew Ashwood as Chief Executive Officer, effective July 1, 2026. Dr Ashwood is a senior executive with over two decades of experience in property development, engineering, and strategic business leadership. He has a proven track record of delivering large-scale developments and driving business transformation. Prior to joining CVC, he held executive roles at Jinding, Wel.Co, and Villa World (now Avid Property Group), where he led geographic expansion, implemented advanced project systems and delivered landmark transactions. Dr Ashwood holds a Doctorate in Business Administration, a Master of Laws, a Bachelor of Laws, an MBA, and a Bachelor of Civil Engineering with Honours from Queensland University of Technology. Annuncio • Jul 02
CVC Limited Announces Executive Appointments, Effective July 1, 2026 CVC Limited had appointed Dr Andrew Ashwood as Executive Director, effective July 1, 2026. Dr Ashwood is a senior executive with over two decades of experience in property development, engineering, and strategic business leadership. He has a proven track record of delivering large-scale developments and driving business transformation. Prior to joining CVC, he held executive roles at Jinding, Wel.Co, and Villa World (now Avid Property Group), where he led geographic expansion, implemented advanced project systems and delivered landmark transactions. Dr Ashwood holds a Doctorate in Business Administration, a Master of Laws, a Bachelor of Laws, an MBA, and a Bachelor of Civil Engineering with Honours from Queensland University of Technology. CVC Limited had appointed Mr. Craig Treasure as Managing Director, in addition to his current roles as Executive Chair and Company Secretary, effective July 1, 2026. Given the material change in Mr. Treasure’s role with CVC, CVC and Mr. Treasure had entered into revised employment terms. Annuncio • Jun 30
CVC Limited Announces Management Changes, Effective June 30, 2026 CVC Limited confirmed that, effective June 30, 2026, Mr. Mark Avery resigned as Director and Company Secretary of CVC, and he will cease in his executive role with CVC on July 15, 2026. CVC Limited confirmed that, effective June 30, 2026, Mr. Craig Treasure, Executive Chair of CVC, has been appointed as Company Secretary of CVC. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 52% 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 Interest payments are not well covered by earnings (0.3x net interest cover). Shares are highly illiquid. Earnings have declined by 52% per year over the past 5 years. Reported Earnings • Feb 25
First half 2026 earnings released: AU$0.058 loss per share (vs AU$0.014 loss in 1H 2025) First half 2026 results: AU$0.058 loss per share (further deteriorated from AU$0.014 loss in 1H 2025). Revenue: AU$2.52m (down 76% from 1H 2025). Net loss: AU$6.73m (loss widened 320% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Board Change • Feb 03
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Board Change • Jan 19
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Board Change • Jan 05
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Board Change • Dec 18
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Board Change • Nov 17
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Board Change • Sep 24
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Annuncio • Sep 16
CVC Limited, Annual General Meeting, Nov 12, 2025 CVC Limited, Annual General Meeting, Nov 12, 2025. Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: AU$0.005 (vs AU$0.022 loss in FY 2024) Full year 2025 results: EPS: AU$0.005 (up from AU$0.022 loss in FY 2024). Revenue: AU$32.1m (up 47% from FY 2024). Net income: AU$537.7k (up AU$3.05m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Aug 04
CVC Limited Provides Earnings Guidance for the Year Ended 30 June 2025 CVC Limited provided earnings guidance for the year ended 30 June 2025. For the year, the net profit after tax to shareholders is forecast to be in the range of nil to $0.6 million. This result is subject to final adjustments and completion of the audit review. Recent Insider Transactions • Jul 02
Board Member recently bought AU$86k worth of stock On the 24th of June, John Leaver bought around 42k shares on-market at roughly AU$2.05 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$125k. Insiders have collectively bought AU$758k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 17
Board Member recently bought AU$65k worth of stock On the 12th of May, John Leaver bought around 30k shares on-market at roughly AU$2.16 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$125k. Insiders have collectively bought AU$672k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 01
Board Member recently bought AU$125k worth of stock On the 29th of April, John Leaver bought around 32k shares on-market at roughly AU$3.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$607k more in shares than they have sold in the last 12 months. New Risk • Apr 08
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Shares are highly illiquid. Earnings have declined by 15% per year over the past 5 years. Board Change • Mar 31
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Ian Campbell 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. Recent Insider Transactions • Mar 16
Board Member recently bought AU$73k worth of stock On the 12th of March, John Leaver bought around 35k shares on-market at roughly AU$2.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$467k more in shares than they have sold in the last 12 months. New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 15% per year over the past 5 years. Annuncio • Feb 10
CVC Limited Provides Earnings Guidance for the Half Year Ended December 31, 2024 CVC Limited provided earnings guidance for the half year ended December 31, 2024. provide guidance that the net loss after tax to shareholders is forecast to be in the range of $1.6 - $2.1 million for the half year ended 31 December 2024 (2023: $0.5 million). Board Change • Jan 15
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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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. Recent Insider Transactions • Dec 25
Board Member recently bought AU$7.3m worth of stock On the 19th of December, John Leaver bought around 2k shares on-market at roughly AU$4,107 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$7.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 08
Board Member recently bought AU$167k worth of stock On the 2nd of December, John Leaver bought around 55k shares on-market at roughly AU$3.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$211k more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Aug 28
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to AU$1.62. The fair value is estimated to be AU$1.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 23
Full year 2024 earnings released: AU$0.021 loss per share (vs AU$0.12 profit in FY 2023) Full year 2024 results: AU$0.021 loss per share (down from AU$0.12 profit in FY 2023). Revenue: AU$23.6m (down 75% from FY 2023). Net loss: AU$2.52m (down 119% from profit in FY 2023). 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 12% per year, which means it has not declined as severely as earnings. Annuncio • Jul 31
CVC Limited Provides Earnings Guidance for the Year Ended 30 June 2024 CVC Limited provided earnings guidance for the year ended 30 June 2024. The company provided guidance that the net loss after tax to shareholders is forecast to be in the range of $2.4 million to $2.9 million for the year ended 30 June 2024 (2023: profit of $13.4 million). Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.61, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 21x in the Capital Markets industry in Australia. Total loss to shareholders of 6.3% over the past three years. Board Change • Apr 09
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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Feb 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (28% accrual ratio). Annuncio • Feb 08
CVC Limited Provides Earnings Guidance for the Half Year Ended December 31, 2023 CVC Limited provided earnings guidance for the half year ended December 31, 2023. For the period, the company expects net loss after tax to shareholders of up to $0.5 million for the half year ended 31 December 2023 (2022: profit of $0.5m). This result is subject to final adjustments and completion of the audit review. Annuncio • Jan 24
SIX Group Reportedly Considers Bid for Allfunds Swiss stock market operator SIX Group Ltd. is considering a bid for fund distribution company Allfunds Group plc (ENXTAM:ALLFG), opens new tab, according to two sources with knowledge of the situation, a move that could be complicated by the difficulty of raising acquisition financing. Allfunds management is expected to meet prospective bidders next month, one of the sources said, while the other said no offer from the Zurich-headquartered SIX was imminent. Amsterdam-listed Allfunds is working with Goldman Sachs and Citigroup on a strategic review that could lead to a sale and has also attracted interest from private equity firms, two other people with knowledge of the situation said. Although conversations over the future of Allfunds are preliminary, they may gain momentum during the first quarter after it publishes its annual results in February, the two sources said. Funds including Advent, Brookfield Corporation (TSX:BN), CVC Limited (ASX:CVC) and KKR & Co. Inc. (NYSE:KKR) have shown an interest, two people familiar with the process said, but it was unclear if any planned to pursue an offer. Spokespeople for SIX, which is owned by around 120 banks, and Allfunds, declined comment. Advent, Brookfield, CVC and KKR declined to comment. None of the five sources could be named because the discussions are not public. Some of them said SIX could face challenges in raising financing for an acquisition. Annuncio • Dec 20
CVC Limited Resolves Not to Pay Interim Dividend for the Half Year Ending 31 December 2023 CVC Limited announced that having regard to future cashflow commitments of the business, the Board has resolved that an interim dividend for the half year ending 31 December 2023 will not be paid. The Board will continue to evaluate cashflow commitments and its ability to declare and pay a final dividend prior to the end of FY2024. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.12 (vs AU$0.052 in FY 2022) Full year 2023 results: EPS: AU$0.12 (up from AU$0.052 in FY 2022). Revenue: AU$93.3m (up 30% from FY 2022). Net income: AU$13.4m (up 120% from FY 2022). Profit margin: 14% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Aug 30
CVC Limited, Annual General Meeting, Oct 24, 2023 CVC Limited, Annual General Meeting, Oct 24, 2023, at 12:00 E. Australia Standard Time. New Risk • Aug 28
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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 140% Earnings have declined by 16% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Apr 20
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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Feb 25
First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.086 in 1H 2022) First half 2023 results: EPS: AU$0.004 (down from AU$0.086 in 1H 2022). Revenue: AU$30.7m (down 38% from 1H 2022). Net income: AU$472.5k (down 95% from 1H 2022). Profit margin: 1.5% (down from 20% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Annuncio • Jan 25
CVC Limited Announces Dividend for the Financial Reporting or Payment Period Ending Ended/Ending December 31, 2022, Payable on February 20, 2023 CVC Limited announced dividend of AUD 0.04000000 for the financial reporting or payment period ending ended/ending December 31, 2022. Ex-date is January 31, 2023, record date is February 1, 2023 and payment date is February 20, 2023. 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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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. Annuncio • Oct 04
CVC Limited, Annual General Meeting, Nov 29, 2022 CVC Limited, Annual General Meeting, Nov 29, 2022, at 13:00 AUS Eastern Standard Time. Location: Suite 40.04, Level 40 Governor Phillip Tower 1 Farrer Place Sydney Australia Annuncio • Sep 30
CVC Limited Announces Change of Company Secretary CVC Limited advised that, effective 30 September 2022, Mr. John Hunter has resigned as Company Secretary and Mr. Mark Avery, the Company's Managing Director, has been appointed Company Secretary. Board Change • Aug 31
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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Aug 25
Full year 2022 earnings released: EPS: AU$0.052 (vs AU$0.17 in FY 2021) Full year 2022 results: EPS: AU$0.052 (down from AU$0.17 in FY 2021). Revenue: AU$69.0m (up 15% from FY 2021). Net income: AU$6.11m (down 69% from FY 2021). Profit margin: 8.8% (down from 32% in FY 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jul 25
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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Jun 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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improved over the past week After last week's 15% share price gain to AU$2.44, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 16x in the Capital Markets industry in Australia. Total returns to shareholders of 1.2% over the past three years. 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. 3 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Mar 01
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. 2 non-independent directors. Independent Non-Executive Director Ian Campbell 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 • Feb 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.086 (down from AU$0.13 in 1H 2021). Revenue: AU$46.7m (up 51% from 1H 2021). Net income: AU$10.0m (down 36% from 1H 2021). Profit margin: 21% (down from 51% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Feb 24
An unknown buyer agreed to acquire a 50% stake in East Bentleigh project from CVC Limited (ASX:CVC). An unknown buyer agreed to acquire a 50% stake in East Bentleigh project from CVC Limited (ASX:CVC) on December 31, 2021. Transaction forecast to complete before 30 June 2022. Annuncio • Jan 25
CVC Limited Provides Earnings Guidance for the Half Year Ended December 31, 2021 CVC Limited provided earnings guidance for the half year ended December 31, 2021. For the period, the company expects net profit after tax to be in the range of $9 million to $11 million. This result is subject to the finalisation of the annual audit, market movements of investments and final adjustments. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 18% share price gain to AU$2.60, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 16x in the Capital Markets industry in Australia. Total returns to shareholders of 10% over the past three years. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.17 (vs AU$0.018 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$58.8m (up 214% from FY 2020). Net income: AU$19.5m (up AU$21.6m from FY 2020). Profit margin: 33% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Jul 28
CVC Limited Provides Earnings Guidance for the Full Year Ended June 30, 2021 CVC Limited provided earnings guidance for the full year ended June 30, 2021. For the period, the company expects net profit after tax to shareholders to be in the range of $19 - $20 million, which is still subject to the finalisation of the year end audit and final adjustments. Annuncio • Jun 04
CVC Limited Provides Earnings Guidance for the Year Ending 30 June 2021 The Board of CVC Limited provided earnings guidance for the year ended 30 June 2021. The company expects net profit after tax to shareholders to be in the range of $21 million- $23 million for the year ending 30 June 2021. This result is subject to the finalisation of the annual audit, market movements of investments and final adjustments. The forecast profit includes a significant proportion of unrealised gains, approximately 50%, arising from the revaluation of long-term investments held by CVC. Careful consideration will be given to the optimization and realisation of these holdings. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.13 (vs AU$0.023 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$29.7m (up 214% from 1H 2020). Net income: AU$15.7m (up AU$18.4m from 1H 2020). Profit margin: 53% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 24
New 90-day high: AU$2.14 The company is up 24% from its price of AU$1.73 on 26 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. Annuncio • Jan 15
BC Partners Reportedly Eyeing Investment in Inter Milan BC Partners is in talks to buy into Italian soccer team Inter Milan, four sources familiar with the matter said, as top investor Suning looks for resources to inject into the loss-making Serie A club. A deal, which could value the former European champions at more than EUR 1 billion ($1.2 billion), would be the latest sign of interest from private equity investors in Italian soccer. A consortium including CVC Limited (ASX:CVC), Advent International Corporation and CDP Equity (FSI) is buying a 10% stake in a media company handling Serie A’s soccer rights for EUR 1.7 billion. Suning is looking to sell a stake of up to 40% in the Milan club valued at around EUR 500 million, one of the sources said. The source said BC Partners would be more of a financial investor and Suning, which would continue managing the club, would be able to buy back the stake in the future. Goldman Sachs is advising Suning on the deal, the sources said. BC Partners was open to buying either a minority or a majority stake in the club, a second source said, adding due diligence was still underway. “BC is halfway through the due diligence process and so no decision is imminent,” the source said. A third source said BC Partners was also interested in a full takeover of the club. Annuncio • Nov 18
Eildon Capital Fund (ASX:EDC) completed the acquisition of Eildon Funds Management Limited from CVC Limited (ASX:CVC). Eildon Capital Fund (ASX:EDC) entered into a share purchase agreement to acquire Eildon Funds Management Limited from CVC Limited (ASX:CVC) for AUD 4 million on September 25, 2020. EDC will fund the transaction from a combination of existing cash and a cross-staple loan from the Eildon Capital Trust. As on June 30, 2020, Eildon Funds Management Limited had revenue of AUD 2.9 million, Profit before income tax of AUD 0.82 million, net profit of AUD 0.37 million, total assets of AUD 3.2 million and net assets of AUD 2.1 million.
Transaction is subject to Eildon Capital Group security holder approval on November 13, 2020, the Independent Expert concluding the transaction is in the best interest of EDC security holders and consents to the change of control of the Manager being received from counterparties to material contracts to which the Manager is a party and under which such consents are required. Subject to the Independent Expert concluding that the transaction is in the best interests of security holders, the IBC unanimously recommends that EDC security holders vote in favor of the transaction. The board of EDC formed an independent board committee (IBC) comprising James Davies, Michelle Harpur and Craig Treasure to consider the transaction. The Independent Board Committee unanimously recommends that shareholders vote in favor of the Internalization. Completion is expected on November 17, 2020. The IBC has appointed Grant Thornton Corporate Finance Pty Ltd (Independent Expert) to prepare an independent expert’s report. Computershare Investor Services Pty Limited acted as registrar for Eildon Capital Fund.
Eildon Capital Fund (ASX:EDC) completed the acquisition of Eildon Funds Management Limited from CVC Limited (ASX:CVC) on November 17, 2020. The transaction was approved by the security holders of Eildon Capital Fund on November 13, 2020. Annuncio • Sep 26
Eildon Capital Fund (ASX:EDC) entered into a share purchase agreement to acquire Eildon Funds Management Limited from CVC Limited (ASX:CVC) for AUD 4 million. Eildon Capital Fund (ASX:EDC) entered into a share purchase agreement to acquire Eildon Funds Management Limited from CVC Limited (ASX:CVC) for AUD 4 million on September 25, 2020. EDC will fund the transaction from a combination of existing cash and a cross-staple loan from the Eildon Capital Trust.
Transaction is subject to Group securityholder approval and the Independent Expert concluding the transaction is in the best interest of EDC securityholders. Subject to the Independent Expert concluding that the transaction is in the best
interests of securityholders, the IBC unanimously recommends that EDC securityholders vote in favour of the transaction. The board of EDC formed an independent board committee (IBC) comprising James Davies, Michelle Harpur and Craig Treasure to consider the transaction. Completion is expected on November 17, 2020. The IBC has appointed Grant Thornton Corporate Finance Pty Ltd (Independent Expert) to prepare an independent expert’s report. Annuncio • Sep 01
CVC Limited Decides Not to Pay Final Dividend The Directors of CVC Limited have considered the operating performance of the company during FY20, as well as the uncertainty in relation to COVID-19, and have decided that the payment of a final dividend is not appropriate. The Directors are unable to provide guidance on the payment of dividends to shareholders in future periods, but will continually evaluate this in line with the performance of the business. Annuncio • Jul 26
CVC Limited Updates on Earnings Guidance for the Year Ended June 30, 2020 CVC Limited updated on earnings guidance for the year ended June 30, 2020. On 2 April 2020 the Board of the company indicated that given the market volatility and uncertainty as a result of COVID-19, it was difficult to provide a forecast of the operating result for the year ending 30 June 2020. The Board has now undertaken a preliminary review of the financial results and expects the company will record a net loss after tax to shareholders for the financial year in the range of approximately $3 million - $4 million, which is still subject to audit and potentially further adjustments. This figure compares to the forecast loss of $9 million to $11 million provided on 2 April 2020 and the half year loss after tax to shareholders at 31 December 2019 of $2.7 million.