New Risk • Jun 25
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 Malawian stocks, typically moving 3.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.8% average weekly change). Board Change • May 21
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. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 10
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 12
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Annuncio • Jun 27
Press Corporation PLC, Annual General Meeting, Jul 25, 2025 Press Corporation PLC, Annual General Meeting, Jul 25, 2025. Location: at amaryllis hotel in blantyre, Malawi Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to MK5,100, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 5x in the Industrials industry in Africa. Total returns to shareholders of 182% over the past three years. Board Change • Jun 16
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 06
Full year 2024 earnings released: EPS: MK538 (vs MK336 in FY 2023) Full year 2024 results: EPS: MK538 (up from MK336 in FY 2023). Revenue: MK559.6b (up 42% from FY 2023). Net income: MK64.7b (up 60% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Apr 28
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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. This is currently the only risk that has been identified for the company. Board Change • Mar 21
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 16
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 02
Upcoming dividend of MK11.25 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Malawian dividend payers (3.0%). Lower than average of industry peers (3.2%). Declared Dividend • Sep 15
Dividend increased to MK11.25 Dividend of MK11.25 is 25% higher than last year. Ex-date: 9th October 2024 Payment date: 25th October 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 4%. Upcoming Dividend • Aug 07
Upcoming dividend of MK37.00 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Malawian dividend payers (3.3%). Lower than average of industry peers (3.5%). Declared Dividend • Jun 28
Final dividend increased to MK37.00 Dividend of MK37.00 is 28% higher than last year. Ex-date: 14th August 2024 Payment date: 30th August 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 24% 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. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 03
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: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (4.2% net profit margin). Profit margins are more than 30% lower than last year (4.2% net profit margin). Upcoming Dividend • Oct 04
Upcoming dividend of MK9.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 11 October 2023. Payment date: 27 October 2023. Trailing yield: 1.5%. Lower than top quartile of Malawian dividend payers (3.4%). Lower than average of industry peers (3.1%). Board Change • Sep 12
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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 10
Upcoming dividend of MK29.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Malawian dividend payers (3.1%). Lower than average of industry peers (3.2%). New Risk • Jul 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. High level of non-cash earnings (54% accrual ratio). Board Change • May 05
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. 5 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Mar 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. 5 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Feb 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. 5 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Dec 13
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • 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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 36% share price gain to MK2,181, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Industrials industry in Africa. Total returns to shareholders of 65% over the past three years. Board Change • Sep 28
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 27% share price decline to MK1,600, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 10x in the Industrials industry in Africa. Total returns to shareholders of 21% over the past three years. Upcoming Dividend • Aug 10
Upcoming dividend of MK28.00 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Malawian dividend payers (5.1%). Lower than average of industry peers (3.7%). Board Change • Jul 12
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • May 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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Apr 28
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Mar 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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Mar 08
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Feb 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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Jan 10
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Dec 17
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Oct 07
Upcoming dividend of MK6.00 per share Eligible shareholders must have bought the stock before 13 October 2021. Payment date: 29 October 2021. Trailing yield: 2.1%. Lower than top quartile of Malawian dividend payers (4.9%). Lower than average of industry peers (3.1%). Board Change • Oct 07
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 08
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. 6 non-independent directors. Independent Non-Executive Director Stewart Malata 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 • Aug 11
Upcoming dividend of MK25.00 per share Eligible shareholders must have bought the stock before 18 August 2021. Payment date: 27 August 2021. Trailing yield: 2.1%. Lower than top quartile of Malawian dividend payers (4.2%). Lower than average of industry peers (3.0%). Board Change • Jul 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Stewart Malata was the last independent 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: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Oct 06
Upcoming Dividend of MK6.00 Per Share Will be paid on the 23rd of October to those who are registered shareholders by the 13th of October. The trailing yield of 1.9% is below the top quartile of Malawian dividend payers (3.0%), and is lower than industry peers (5.5%). Annuncio • Jul 17
Press Corporation Provides an Update on Delisting At the request of Press Corporation Plc the global depositary receipts, fully paid, (each represents 20 ordinary shares of 1 tambala each), regulations and global depositary receipts, fully paid, (each representing 20 ordinary shares of 1 tambala each), rule 144A have been cancelled from admission to trading on London Stock Exchange with effect from 08:00, July 10, 2020.