Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Barry Lewin was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Claire Willette was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 27
Praemium Limited to Report Q3, 2026 Results on Apr 22, 2026 Praemium Limited announced that they will report Q3, 2026 results on Apr 22, 2026 Annuncio • Feb 03
Praemium Limited to Report First Half, 2026 Results on Feb 23, 2026 Praemium Limited announced that they will report first half, 2026 results on Feb 23, 2026 Annuncio • Jan 05
Praemium Limited to Report Q2, 2026 Results on Jan 21, 2026 Praemium Limited announced that they will report Q2, 2026 results on Jan 21, 2026 Recent Insider Transactions • Dec 24
CEO, MD & Executive Director recently bought AU$137k worth of stock On the 17th of December, Anthony Wamsteker bought around 178k shares on-market at roughly AU$0.77 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$205k worth in shares. Board Change • Dec 24
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. 3 highly experienced directors. Independent Non-Executive Director Claire Willette 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. Annuncio • Sep 30
Praemium Limited, Annual General Meeting, Nov 26, 2025 Praemium Limited, Annual General Meeting, Nov 26, 2025. Annuncio • Sep 18
Praemium Limited Announces CFO Changes Praemium Limited announced that Ms Emmalene (Emma) Stepcic has been appointed to the role of Chief Financial Officer (CFO). Emma is a Certified Practising Accountant and member of CPA Australia and has an extensive background in senior financial leadership roles in ASX listed organizations including Atlas Arteria and most recently as CFO of Envirosuite Ltd. She also has extensive international finance experience, notably with Schlumberger (SLB) and Deloitte. Emma will commence with Praemium on 1 October 2025. Simon Moore, Interim CFO will leave Praemium on 19 September 2025 following completion of his contract. Recent Insider Transactions • Aug 29
Independent Non-Executive Chairman recently bought AU$115k worth of stock On the 25th of August, Barry Lewin bought around 150k shares on-market at roughly AU$0.77 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Barry's only on-market trade for the last 12 months. Declared Dividend • Aug 27
Final dividend of AU$0.013 announced Shareholders will receive a dividend of AU$0.013. Ex-date: 3rd September 2025 Payment date: 18th September 2025 Dividend yield will be 3.0%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.028 (vs AU$0.018 in FY 2024) Full year 2025 results: EPS: AU$0.028 (up from AU$0.018 in FY 2024). Revenue: AU$103.0m (up 25% from FY 2024). Net income: AU$13.6m (up 55% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Board Change • Aug 18
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. 3 highly experienced directors. Independent Non-Executive Director Claire Willette 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. Annuncio • Feb 27
Praemium Limited Announces Resignation of David Coulter as Chief Financial Officer, Effective March 7, 2025 Praemium Limited announced that Mr. David Coulter, Chief Financial Officer (CFO) has resigned from the company, leaving the organization on 7 March 2025. David will continue to provide investor relationship services to Praemium on a consulting basis. Board Change • Feb 04
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Claire Willette 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. Buy Or Sell Opportunity • Dec 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to AU$0.73. The fair value is estimated to be AU$0.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Board Change • Dec 24
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Claire Willette 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 • Aug 27
Full year 2024 earnings released: EPS: AU$0.018 (vs AU$0.03 in FY 2023) Full year 2024 results: EPS: AU$0.018 (down from AU$0.03 in FY 2023). Revenue: AU$84.9m (up 14% from FY 2023). Net income: AU$8.75m (down 42% from FY 2023). Profit margin: 10% (down from 20% in FY 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 19
CEO & Executive Director recently bought AU$88k worth of stock On the 15th of May, Anthony Wamsteker bought around 200k shares on-market at roughly AU$0.44 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. 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. New Risk • Feb 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Annuncio • Feb 27
Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million. Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million on February 26, 2024. The consideration consists of AUD 1 million in cash and AUD 20 million as an earnout n based on growth in FUA measured over an 18-month period post completion. Completion will be followed by an 18- month migration period to ensure IOPB clients are efficiently migrated to the Praemium platform. The transaction is subject to customary conditions. The transaction is expected to close before April 30, 2024. Moelis & Company (NYSE:MC) and Arnold Bloch Leibler acted as an advisor for Praemium Limited (ASX:PPS). New Risk • Feb 09
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 12% 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. This is currently the only risk that has been identified for the company. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Annuncio • Oct 14
Praemium Limited, Annual General Meeting, Nov 22, 2023 Praemium Limited, Annual General Meeting, Nov 22, 2023. Annuncio • Oct 11
Praemium Limited Appoints Rachel Axton as Company Secretary Praemium Limited announced that, in accordance with ASX Listing Rule 3.16.1, Rachel Axton has been appointed as a Company Secretary of Praemium effective 11 October 2023. Rachel Axton has over 6 years' experience working in a Company Secretary role for an ASX Listed Company and over 20 years' experience in financial services. She is experienced with public company responsibilities including ASX and ASIC compliance, control and implementation of corporate governance and shareholder relations. She previously worked for Netwealth Investments Limited. Rachel has completed a Bachelor of Business (Economics) and is a member of the Australian Institute of Company Directors. Annuncio • Sep 27
Praemium Limited to Report Q1, 2024 Results on Oct 18, 2023 Praemium Limited announced that they will report Q1, 2024 results on Oct 18, 2023 Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.03 (vs AU$0.007 in FY 2022) Full year 2023 results: EPS: AU$0.03 (up from AU$0.007 in FY 2022). Revenue: AU$76.0m (up 20% from FY 2022). Net income: AU$15.2m (up 307% from FY 2022). Profit margin: 20% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 18
Praemium Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 Praemium Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 Annuncio • Jul 12
Praemium Limited Appoints Rachel Axton Will as Chief Governance and Risk Officer, Effective 17 July 2023 Praemium Limited announced that Ms. Rachel Axton will be joining the company on 17 July 2023 in the role of Chief Governance and Risk Officer (CGRO) and report directly to CEO Mr. Anthony Wamsteker. Rachel was previously the Chief Governance Officer, Netwealth and has over 25 years of experience in financial services working across a range of wealth management providers. She is passionate about risk management and thrives in high growth and client focused businesses. Rachel Axton's appointment completes a full refresh of it's executive team, which was commenced when Anthony Wamsteker was appointed permanent CEO on 12 August 2021. In the intervening period, the following executive appointments were made: Chief Financial Officer Mr. David Coulter; Chief Commercial Officer (now Chief Product Officer) Mr. James Edmonds; Chief Strategy Officer, including responsibility for Distribution and all client facing Operations activity Mr. Denis Orrock; Head of People and Culture Ms. Angela Godfrey; Chief Technology Officer Mr. Richard Large. Annuncio • May 17
Praemium Names Richard Large as CTO Praemium Limited announced that Richard will join the Executive Leadership team and will be responsible for developing and executing the company's technology strategy, and ensuring the company remains at the forefront of innovation in the platform industry. Richard brings over 20 years of experience leading global technology teams within financial services, including as CTO of the $250 billion Australian sovereign wealth fund, The Future Fund and over 15 years as Global Head of Business Systems at Aberdeen Asset Management (abrdn) in the UK, which has over 5,000 employees, £500 billion in assets under management and administration and encompasses the Elevate and Wrap platform brands. Reported Earnings • Feb 27
First half 2023 earnings released First half 2023 results: Revenue: AU$35.4m (up 17% from 1H 2022). Net income: AU$9.10m (up AU$10.5m from 1H 2022). Profit margin: 26% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: AU$0.007 (vs AU$0.003 in FY 2021) Full year 2022 results: EPS: AU$0.007 (up from AU$0.003 in FY 2021). Revenue: AU$63.6m (down 1.9% from FY 2021). Net income: AU$3.73m (up 143% from FY 2021). Profit margin: 5.9% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 14%, compared to a 49% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 16
CEO & Executive Director recently bought AU$72k worth of stock On the 14th of June, Anthony Wamsteker bought around 150k shares on-market at roughly AU$0.48 per share. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$133k worth in shares. Recent Insider Transactions • May 13
Independent Non-Executive Chairman recently bought AU$56k worth of stock On the 10th of May, Barry Lewin bought around 100k shares on-market at roughly AU$0.56 per share. This was the largest purchase by an insider in the last 3 months. This was Barry's only on-market trade for the last 12 months. Reported Earnings • Feb 17
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.003 loss per share (down from AU$0.01 profit in 1H 2021). Revenue: AU$30.4m (up 21% from 1H 2021). Net loss: AU$1.39m (down 130% from profit in 1H 2021). Revenue missed analyst estimates by 7.5%. Over the next year, revenue is forecast to grow 19%, compared to a 31% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.10, the stock trades at a forward P/E ratio of 115x. Average forward P/E is 38x in the Software industry in Australia. Total returns to shareholders of 12% over the past three years. Executive Departure • Jun 08
Executive Director Michael Ohanessian has left the company On the 31st of May, Michael Ohanessian was replaced as CEO by Anthony Wamsteker after 4.0 years in the role. Michael still personally held 16.21m shares (AU$3.9m worth) as of March 2021. This is 3.2% of the company. Michael is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.46 years. Under Michael's leadership, the company delivered a total shareholder return of 95%. Executive Departure • May 25
CEO, MD & Executive Director Michael Ohanessian has left the company On the 20th of May, Michael Ohanessian, was replaced as CEO by Anthony Wamsteker after 4.0 years in the role. Michael personally held 16.21m shares (AU$3.9m worth) as of March 2021. This is 3.2% of the company. Michael is the only executive to leave the company over the last 12 months. Under Michael's leadership, the company delivered a total shareholder return of 95%. Reported Earnings • Feb 13
First half 2021 earnings released: EPS AU$0.007 (vs AU$0.003 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$30.7m (up 21% from 1H 2020). Net income: AU$3.00m (up 113% from 1H 2020). Profit margin: 9.8% (up from 5.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 09
New 90-day high: AU$0.83 The company is up 24% from its price of AU$0.67 on 11 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.21 per share. Annuncio • Feb 03
Praemium Limited to Report First Half, 2021 Results on Feb 10, 2021 Praemium Limited announced that they will report first half, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 22
New 90-day high: AU$0.74 The company is up 3.0% from its price of AU$0.71 on 23 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.20 per share. Annuncio • Nov 24
Praemium Limited Announces Board Changes Praemium Limited announced that Anthony Wamsteker will join the company's board as a non-executive director, effective 23 November 2020. The company also announced that due to an administrative error, the re-election of Claire Willette as a non-executive director was not put forward at their recent AGM. To maintain adherence to the ASX Listing Rules, Claire has stepped down as non-executive director for an interim period until she can be re-appointed by shareholders at the next available opportunity. Is New 90 Day High Low • Oct 09
New 90-day high: AU$0.58 The company is up 21% from its price of AU$0.48 on 10 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.21 per share. Annuncio • Jul 31
Praemium Limited to Report Fiscal Year 2020 Results on Aug 10, 2020 Praemium Limited announced that they will report fiscal year 2020 results at 10:29 PM, GMT Standard Time on Aug 10, 2020