お知らせ • Oct 25
DDH1 Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity DDH1 Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective October 24, 2023, due to Acquisition /Merger /Amalgamation. お知らせ • Oct 08
Perenti Limited (ASX:PRN) completed the acquisition of DDH1 Limited (ASX:DDH). Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million on June 26, 2023. Under the terms of the transaction, DDH1 shareholders will receive consideration of AUD 0.1238 cash plus 0.71114 Perenti Shares for each DDH1 Share held at the record date, unless an election is made. On completion, DDH1 will combine with Perenti to create the ASX’s leading contract mining services group. Rob Cole to remain Chair of Perenti; Mark Norwell and Peter Bryant will remain MD & CEO and CFO of Perenti, respectively. DDH1 CEO, Sy Van Dyk, will become President of the newly formed Drilling Services Division, which will include DDH1 Ranger, Strike, Swick and Perenti’s Ausdrill. Unanimously recommended by the DDH1 Board (who control 13.1% of shares outstanding), in the absence of a superior proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of shareholders. Transaction is subject to court approval. DDH1 has declared a dividend of AUD 0.0196 per DDH1 Share for the period ended June 30, 2023. Perenti has determined that no dividend will be paid in respect of the period ending June 30, 2023. This means the Perenti Actual Dividend, and PAD1 and PAD2 referred to in the Scheme Booklet, will all be zero. The consideration VWAP (CVWAP), being the volume-weighted average price of Perenti Shares traded on the ASX over the five-trading day period that ends two business days prior to the Election Date, is currently expected to be calculated after the close-of-trade on September 8, 2023 and is not yet finalised at the date of releasing this Supplementary Scheme Booklet. Completion of the proposed transaction is anticipated to occur in early October 2023. The transaction is expected to close on October 6, 2023. Perenti is being advised by UBS and MA Moelis Australia acted as financial advisor to DDH1 Limited, Johnson Winter & Slattery acted as legal advisor to Perenti and Clayton Utz acted as legal advisor to DDH1 Limited.
Perenti Limited (ASX:PRN) completed the acquisition of DDH1 Limited (ASX:DDH) on October 6, 2023. An aggregate cash consideration of $50,010,897.39 was paid, Perenti has issued a total of279,704,558 new Perenti shares in accordance with the Scheme. The new Perenti shares are expected to commence trading on the ASX on 9 October 2023. On completion, Mark Hine will take the opportunity to retire from the Perenti Board; and Diane Smith-Gander AO and Andrea Sutton will be appointed to the Perenti Board. It is anticipated that Diane and Andrea will be appointed on Monday, 16 October 2023. DDH1 will be delisted from the official list of ASX, which is expected to take effect from the close of trading on 9 October 2023. Upcoming Dividend • Sep 07
Upcoming dividend of AU$0.02 per share at 6.0% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Australian dividend payers (7.0%). In line with average of industry peers (5.5%). お知らせ • Aug 30
Ddh1 Limited Announces Final Fully Franked Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023 DDH1 Limited announced final fully franked dividend of AUD 0.01960000 for the six months ended June 30, 2023. Ex Date is September 14, 2023. Record Date is September 15, 2023. Payment Date is September 28, 2023. お知らせ • Aug 29
DDH1 Limited, Annual General Meeting, Nov 24, 2023 DDH1 Limited, Annual General Meeting, Nov 24, 2023. Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.10 (vs AU$0.095 in FY 2022) Full year 2023 results: EPS: AU$0.10 (up from AU$0.095 in FY 2022). Revenue: AU$565.1m (up 36% from FY 2022). Net income: AU$42.5m (up 19% from FY 2022). Profit margin: 7.5% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Australia. お知らせ • Aug 24
DDH1 Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 DDH1 Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 お知らせ • Jun 28
Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million. Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million on June 26, 2023. Unanimously recommended by the DDH1 Board (who control 13.1% of shares outstanding), in the absence of a superior proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of shareholders. Transaction is subject to court approval. Rob Cole to remain Chair of Perenti; Mark Norwell and Peter Bryant will remain MD & CEO and CFO of Perenti, respectively. Perenti is being advised by UBS and Johnson Winter Slattery in relation to the Transaction. Recent Insider Transactions • Apr 15
Insider recently sold AU$7.7m worth of stock On the 13th of April, Matt Thurston sold around 9m shares on-market at roughly AU$0.84 per share. This transaction amounted to 37% 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$7.6m more than they bought in the last 12 months. Upcoming Dividend • Mar 13
Upcoming dividend of AU$0.033 per share at 7.0% yield Eligible shareholders must have bought the stock before 20 March 2023. Payment date: 11 April 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.0%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (8.7%). Reported Earnings • Feb 28
First half 2023 earnings released: EPS: AU$0.068 (vs AU$0.06 in 1H 2022) First half 2023 results: EPS: AU$0.068 (up from AU$0.06 in 1H 2022). Revenue: AU$295.1m (up 75% from 1H 2022). Net income: AU$28.4m (up 44% from 1H 2022). Profit margin: 9.6% (down from 12% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. お知らせ • Feb 06
DDH1 Limited to Report First Half, 2023 Results on Feb 28, 2023 DDH1 Limited announced that they will report first half, 2023 results on Feb 28, 2023 お知らせ • Feb 03
DDH1 Limited Announces Appointment of Simon Franich as Chief Financial Officer, Effective 24 April 2023 DDH1 Limited announced the appointment of Simon Franich as its Chief Financial Officer (CFO), effective 24 April 2023. Simon is a highly experienced Chartered Accountant with over 15 years of professional services and industry experience. He previously served as DDH1's Group Financial Controller from August 2019 to January 2022, and more recently, as CFO of Norcliffe Mining Services. During his career, he held senior roles in the audit division with professional service firms Deloitte and Grant Thornton. Board Change • Nov 16
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. CEO, MD & Director Sy van Dyk was the last 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. Upcoming Dividend • Sep 08
Upcoming dividend of AU$0.026 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 96%. Trailing yield: 6.0%. Lower than top quartile of Australian dividend payers (6.6%). Lower than average of industry peers (10.0%). Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: AU$0.095 (vs AU$0.19 in FY 2021) Full year 2022 results: EPS: AU$0.095 (down from AU$0.19 in FY 2021). Revenue: AU$415.4m (up 41% from FY 2021). Net income: AU$35.9m (down 37% from FY 2021). Profit margin: 8.6% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 36%, compared to a 91,060% growth forecast for the Metals and Mining industry in Australia. Recent Insider Transactions • May 11
Independent Non-Executive Chairperson recently bought AU$55k worth of stock On the 10th of May, Diane Smith-Gander bought around 62k shares on-market at roughly AU$0.88 per share. This was the largest purchase by an insider in the last 3 months. Diane has been a buyer over the last 12 months, purchasing a net total of AU$102k worth in shares. Board Change • Apr 27
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. CEO, MD & Director Sy van Dyk was the last 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. Upcoming Dividend • Mar 10
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (8.5%). Reported Earnings • Mar 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.06 (up from AU$0.046 in 1H 2021). Revenue: AU$168.7m (up 19% from 1H 2021). Net income: AU$19.7m (up 47% from 1H 2021). Profit margin: 12% (up from 9.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 51%, compared to a 1,047% growth forecast for the industry in Australia. Reported Earnings • Aug 30
Full year 2021 earnings released: EPS AU$0.19 (vs AU$0.085 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$294.6m (up 18% from FY 2020). Net income: AU$57.2m (up 132% from FY 2020). Profit margin: 19% (up from 9.9% in FY 2020). The increase in margin was driven by higher revenue.