View Financial HealthPraemium 配当と自社株買い配当金 基準チェック /26Praemium配当を支払う会社であり、現在の利回りは3.65%で、収益によって十分にカバーされています。主要情報3.6%配当利回り-0.002%バイバック利回り総株主利回り3.6%将来の配当利回り5.6%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向67%最近の配当と自社株買いの更新Declared Dividend • Aug 27Final dividend of AU$0.013 announcedShareholders 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.すべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing 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 01Less than half of directors are independentFollowing 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.お知らせ • Mar 27Praemium Limited to Report Q3, 2026 Results on Apr 22, 2026Praemium Limited announced that they will report Q3, 2026 results on Apr 22, 2026お知らせ • Feb 03Praemium Limited to Report First Half, 2026 Results on Feb 23, 2026Praemium Limited announced that they will report first half, 2026 results on Feb 23, 2026お知らせ • Jan 05Praemium Limited to Report Q2, 2026 Results on Jan 21, 2026Praemium Limited announced that they will report Q2, 2026 results on Jan 21, 2026Recent Insider Transactions • Dec 24CEO, MD & Executive Director recently bought AU$137k worth of stockOn 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 24Insufficient new directorsNo 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.お知らせ • Sep 30Praemium Limited, Annual General Meeting, Nov 26, 2025Praemium Limited, Annual General Meeting, Nov 26, 2025.お知らせ • Sep 18Praemium Limited Announces CFO ChangesPraemium 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 29Independent Non-Executive Chairman recently bought AU$115k worth of stockOn 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 27Final dividend of AU$0.013 announcedShareholders 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 26Full 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 18Insufficient new directorsNo 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.お知らせ • Feb 27Praemium Limited Announces Resignation of David Coulter as Chief Financial Officer, Effective March 7, 2025Praemium 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 04Insufficient new directorsNo 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 31Now 20% overvalued after recent price riseOver 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 24Insufficient new directorsNo 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.お知らせ • Nov 19+ 5 more updatesPraemium Limited to Report Q3, 2025 Results on Apr 24, 2025Praemium Limited announced that they will report Q3, 2025 results on Apr 24, 2025Reported Earnings • Aug 27Full 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 19CEO & Executive Director recently bought AU$88k worth of stockOn 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 27New minor risk - Profit margin trendThe 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.お知らせ • Feb 27Praemium 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 09New minor risk - Share price stabilityThe 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 30New major risk - Revenue and earnings growthEarnings 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.お知らせ • Nov 30+ 6 more updatesPraemium Limited to Report Q4, 2024 Results on Jul 17, 2024Praemium Limited announced that they will report Q4, 2024 results on Jul 17, 2024お知らせ • Oct 14Praemium Limited, Annual General Meeting, Nov 22, 2023Praemium Limited, Annual General Meeting, Nov 22, 2023.お知らせ • Oct 11Praemium Limited Appoints Rachel Axton as Company SecretaryPraemium 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.お知らせ • Sep 27Praemium Limited to Report Q1, 2024 Results on Oct 18, 2023Praemium Limited announced that they will report Q1, 2024 results on Oct 18, 2023Reported Earnings • Aug 29Full 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.お知らせ • Jul 18Praemium Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Praemium Limited announced that they will report fiscal year 2023 results on Aug 29, 2023お知らせ • Jul 12Praemium Limited Appoints Rachel Axton Will as Chief Governance and Risk Officer, Effective 17 July 2023Praemium 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.お知らせ • May 17Praemium Names Richard Large as CTOPraemium 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 27First half 2023 earnings releasedFirst 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 01Full 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 16CEO & Executive Director recently bought AU$72k worth of stockOn 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 13Independent Non-Executive Chairman recently bought AU$56k worth of stockOn 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 17First half 2022 earnings: EPS in line with expectations, revenues disappointFirst 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 16Investor sentiment improved over the past weekAfter 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 08Executive Director Michael Ohanessian has left the companyOn 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 25CEO, MD & Executive Director Michael Ohanessian has left the companyOn 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 13First 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 09New 90-day high: AU$0.83The 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.お知らせ • Feb 03Praemium Limited to Report First Half, 2021 Results on Feb 10, 2021Praemium Limited announced that they will report first half, 2021 results on Feb 10, 2021Is New 90 Day High Low • Jan 22New 90-day high: AU$0.74The 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.お知らせ • Nov 24Praemium Limited Announces Board ChangesPraemium 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 09New 90-day high: AU$0.58The 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.お知らせ • Sep 22+ 1 more updatePraemium Limited (ASX:PPS) completed the acquisition of remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from a group of shareholders.Praemium Limited (ASX:PPS) entered into a proposal of interest to acquire remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from from a group of shareholders for AUD 46.5 million on July 9, 2020. Under the offer, each holder of Powerwrap shares will receive AUD 0.075 per share in cash and one Praemium share for every two Powerwrap shares held. The offer for total consideration will be AUD 0.26 per share. Before the end of the Offer Period, all Powerwrap options issued in favour of persons that are not employees of Powerwrap are cancelled or are the subject of agreements or arrangements entered into between Powerwrap and the relevant holders of the options that will cause the options to be cancelled, in each case, for nil or nominal consideration. The number of performance rights of Powerwrap which are capable of vesting up to and including December 31, 2020, vest and convert into Powerwrap shares prior to the end of the Offer Period, provided they do not cause the fully diluted share count of Powerwrap to exceed 212 million. Performance rights which have been issued but do not vest until the end of the financial year ending June 31, 2021, or thereafter shall not be included for the purposes of determining the fully diluted share count. Before the end of the offer period, all of the restricted securities of Powerwrap are free of any restriction or are the subject of agreements or arrangements entered into between Powerwrap and the relevant holders of the restricted securities that will cause the restricted securities to be free of any restriction. Offer provides Powerwrap Shareholders an opportunity to participate in the expected benefits and longer-term performance afforded by the combination of two highly complementary businesses in Praemium and Powerwrap. If Praemium acquires at least 90% of the Powerwrap Shares but it acquires less than 75% (by number) of the Powerwrap Shares under the Offer, Praemium currently intends to give notices to Powerwrap Shareholders to compulsorily acquire any outstanding Powerwrap Shares in accordance with section 664C of the Corporations Act. If Praemium achieves a Relevant Interest in at least 90% of the Powerwrap Shares and acquires at least 75% (by number) of the Powerwrap Shares under the Offer, Praemium currently intends to initiate the compulsory acquisition procedure in section 661A of the Corporations Act and to give notices to Powerwrap Shareholders to compulsorily acquire any outstanding Powerwrap Shares in accordance with section 661B of the Corporations Act. Currently, Praemium holds 15.1% stake representing 31.1 million shares in Powerwrap, post completion of the transaction, Praemium will hold 100% stake in Powerwrap. Praemium intends to fund the cash component of the offer consideration through AUD 15 million term loan facility, scrip and Praemium also has sufficient cash reserves available to meet the additional AUD 900,000 that may be required to be paid in cash under the Offer. As on August 28, 2020, Praemium has obtained confirmation from its financier, HSBC, that funding under the Debt Facility will continue to remain available to Praemium with respect to the Offer, provided that, by the end of the Offer Period, Praemium has obtained a relevant interest in atleast 50% of all Powerwrap Shares on issue, if they fail to do so, it will, in any event, fund the cash component of the Offer Consideration entirely out of its existing cash reserves. This change happened due to waiver of minimum acceptance Defeating Condition. Praemium’s current cash at bank, net of regulatory capital requirements required to be set aside, is approximately $8.5 million. Assuming no more than 50% of all Powerwrap Shareholders accept the Offer, the maximum amount in cash that Praemium could be required to pay under the Offer is $5.61 million. As on August 28, 2020, Praemium advises that the Offer Consideration is final and Praemium will not increase the Offer Consideration during the Offer Period and Praemium has a relevant interest in 33.30% of all Powerwrap Shares. Praemium intends to amend the constitution of Powerwrap to reflect its status as a wholly owned subsidiary of Praemium and will seek to convert Powerwrap from a public company to a proprietary company. Praemium intends to replace members of the Powerwrap Board with nominees of Praemium, so that the proportion of such nominees is broadly similar to the voting power of Praemium. No changes are proposed to be made to the Praemium Board. The transaction is subject to 90% minimum acceptance by Powerwrap shareholder, secure all third-party consents or approvals required and all ordinaries Index does not, for a period of 3 consecutive trading days, fall below 30% of the level of that index as at the close of normal trading on the ASX on July 9, 2020. Praemium intends to apply to have Powerwrap delisted from the ASX (where it achieves a shareholding of at least 75% and associated requirements) The Powerwrap board of directors unanimously recommend that Powerwrap shareholders accept the offer. As on August 28, 2020, Praemium waived the 90% minimum acceptance and third-party consents or approvals as a condition subject for the transaction. As on September 2, 2020, the offer becomes wholly unconditional. The Directors of Powerwrap unanimously recommend its shareholders to accept the offer in absence of any superior proposal on September 4, 2020. As reported on September 14, 2020, the offer is free from all defeating condition. Praemium and Powerwrap may terminate this agreement by written notice to the other party if at any time after June 9, 2020. The offer period commences on July 30, 2020 and will be open till August 31, 2020. As of August 14, 2020, offer is expected to complete in September 2020. The offer period will initially last for at least one month or may vary if the offer period is extended or the offer is withdrawn as permitted by the Corporations act. As of August 2, 2020, offer is expected to complete on September 21, 2020. Deloitte Touche Tohmatsu Australia, Investment Banking Arm acted as financial advisor, Foster Nicholson Lawyers Pty Ltd and Arnold Bloch Leibler acted as legal advisors to Praemium Limited. Henslow Pty. Ltd. acted as financial advisor and Hall & Wilcox Lawyers acted as legal advisor to Powerwrap Limited. Link Market Services Limited acted as registrar for Praemium. Praemium Limited (ASX:PPS) completed the acquisition of remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from a group of shareholders on September 21, 2020. As on September 21, 2020, Praemium has a relevant interest in 92.31% of Powerwrap Shares. As Praemium has a relevant interest in more than 90% of Powerwrap Shares, it intends to compulsorily acquire the outstanding Powerwrap Shares on issue, on the same terms as the Offer. As of September 21, 2020, at 7.00 pm (Melbourne time) Praemium has a relevant interest in 94.16% of Powerwrap Shares. The compulsory acquisition process, which is subject to the Corporations Act, is likely to take approximately 4 to 6 weeks, but may take longer in some circumstances.お知らせ • Jul 31Praemium Limited to Report Fiscal Year 2020 Results on Aug 10, 2020Praemium Limited announced that they will report fiscal year 2020 results at 10:29 PM, GMT Standard Time on Aug 10, 2020決済の安定と成長配当データの取得安定した配当: PPSは配当の支払いを開始したばかりなので、配当金の支払いが安定しているかどうかを判断するのは時期尚早です。増加する配当: PPSは配当の支払いを開始したばかりなので、配当金が増加するかどうかを判断するのは時期尚早です。 配当利回り対市場Praemium 配当利回り対市場PPS 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (PPS)3.6%市場下位25% (AU)2.8%市場トップ25% (AU)6.9%業界平均 (Software)1.3%アナリスト予想 (PPS) (最長3年)5.6%注目すべき配当: PPSの配当金 ( 3.65% ) はAustralian市場の配当金支払者の下位 25% ( 2.76% ) よりも高くなっています。高配当: PPSの配当金 ( 3.65% ) はAustralian市場の配当金支払者の上位 25% ( 6.9% ) と比較すると低いです。株主への利益配当収益カバレッジ: PPSの配当金は、合理的な 配当性向 ( 67% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: PPSは高い 現金配当性向 ( 245.7% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YAU 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 09:13終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Praemium Limited 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Nicholas McGarrigleBarrenjoey Markets Pty LimitedHayden NicholsonBell PotterWarren JeffriesCanaccord Genuity7 その他のアナリストを表示
Declared Dividend • Aug 27Final dividend of AU$0.013 announcedShareholders 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.
Board Change • May 20Less than half of directors are independentFollowing 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 01Less than half of directors are independentFollowing 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.
お知らせ • Mar 27Praemium Limited to Report Q3, 2026 Results on Apr 22, 2026Praemium Limited announced that they will report Q3, 2026 results on Apr 22, 2026
お知らせ • Feb 03Praemium Limited to Report First Half, 2026 Results on Feb 23, 2026Praemium Limited announced that they will report first half, 2026 results on Feb 23, 2026
お知らせ • Jan 05Praemium Limited to Report Q2, 2026 Results on Jan 21, 2026Praemium Limited announced that they will report Q2, 2026 results on Jan 21, 2026
Recent Insider Transactions • Dec 24CEO, MD & Executive Director recently bought AU$137k worth of stockOn 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 24Insufficient new directorsNo 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.
お知らせ • Sep 30Praemium Limited, Annual General Meeting, Nov 26, 2025Praemium Limited, Annual General Meeting, Nov 26, 2025.
お知らせ • Sep 18Praemium Limited Announces CFO ChangesPraemium 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 29Independent Non-Executive Chairman recently bought AU$115k worth of stockOn 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 27Final dividend of AU$0.013 announcedShareholders 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 26Full 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 18Insufficient new directorsNo 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.
お知らせ • Feb 27Praemium Limited Announces Resignation of David Coulter as Chief Financial Officer, Effective March 7, 2025Praemium 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 04Insufficient new directorsNo 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 31Now 20% overvalued after recent price riseOver 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 24Insufficient new directorsNo 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.
お知らせ • Nov 19+ 5 more updatesPraemium Limited to Report Q3, 2025 Results on Apr 24, 2025Praemium Limited announced that they will report Q3, 2025 results on Apr 24, 2025
Reported Earnings • Aug 27Full 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 19CEO & Executive Director recently bought AU$88k worth of stockOn 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 27New minor risk - Profit margin trendThe 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.
お知らせ • Feb 27Praemium 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 09New minor risk - Share price stabilityThe 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 30New major risk - Revenue and earnings growthEarnings 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.
お知らせ • Nov 30+ 6 more updatesPraemium Limited to Report Q4, 2024 Results on Jul 17, 2024Praemium Limited announced that they will report Q4, 2024 results on Jul 17, 2024
お知らせ • Oct 14Praemium Limited, Annual General Meeting, Nov 22, 2023Praemium Limited, Annual General Meeting, Nov 22, 2023.
お知らせ • Oct 11Praemium Limited Appoints Rachel Axton as Company SecretaryPraemium 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.
お知らせ • Sep 27Praemium Limited to Report Q1, 2024 Results on Oct 18, 2023Praemium Limited announced that they will report Q1, 2024 results on Oct 18, 2023
Reported Earnings • Aug 29Full 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.
お知らせ • Jul 18Praemium Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Praemium Limited announced that they will report fiscal year 2023 results on Aug 29, 2023
お知らせ • Jul 12Praemium Limited Appoints Rachel Axton Will as Chief Governance and Risk Officer, Effective 17 July 2023Praemium 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.
お知らせ • May 17Praemium Names Richard Large as CTOPraemium 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 27First half 2023 earnings releasedFirst 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 01Full 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 16CEO & Executive Director recently bought AU$72k worth of stockOn 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 13Independent Non-Executive Chairman recently bought AU$56k worth of stockOn 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 17First half 2022 earnings: EPS in line with expectations, revenues disappointFirst 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 16Investor sentiment improved over the past weekAfter 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 08Executive Director Michael Ohanessian has left the companyOn 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 25CEO, MD & Executive Director Michael Ohanessian has left the companyOn 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 13First 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 09New 90-day high: AU$0.83The 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.
お知らせ • Feb 03Praemium Limited to Report First Half, 2021 Results on Feb 10, 2021Praemium Limited announced that they will report first half, 2021 results on Feb 10, 2021
Is New 90 Day High Low • Jan 22New 90-day high: AU$0.74The 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.
お知らせ • Nov 24Praemium Limited Announces Board ChangesPraemium 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 09New 90-day high: AU$0.58The 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.
お知らせ • Sep 22+ 1 more updatePraemium Limited (ASX:PPS) completed the acquisition of remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from a group of shareholders.Praemium Limited (ASX:PPS) entered into a proposal of interest to acquire remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from from a group of shareholders for AUD 46.5 million on July 9, 2020. Under the offer, each holder of Powerwrap shares will receive AUD 0.075 per share in cash and one Praemium share for every two Powerwrap shares held. The offer for total consideration will be AUD 0.26 per share. Before the end of the Offer Period, all Powerwrap options issued in favour of persons that are not employees of Powerwrap are cancelled or are the subject of agreements or arrangements entered into between Powerwrap and the relevant holders of the options that will cause the options to be cancelled, in each case, for nil or nominal consideration. The number of performance rights of Powerwrap which are capable of vesting up to and including December 31, 2020, vest and convert into Powerwrap shares prior to the end of the Offer Period, provided they do not cause the fully diluted share count of Powerwrap to exceed 212 million. Performance rights which have been issued but do not vest until the end of the financial year ending June 31, 2021, or thereafter shall not be included for the purposes of determining the fully diluted share count. Before the end of the offer period, all of the restricted securities of Powerwrap are free of any restriction or are the subject of agreements or arrangements entered into between Powerwrap and the relevant holders of the restricted securities that will cause the restricted securities to be free of any restriction. Offer provides Powerwrap Shareholders an opportunity to participate in the expected benefits and longer-term performance afforded by the combination of two highly complementary businesses in Praemium and Powerwrap. If Praemium acquires at least 90% of the Powerwrap Shares but it acquires less than 75% (by number) of the Powerwrap Shares under the Offer, Praemium currently intends to give notices to Powerwrap Shareholders to compulsorily acquire any outstanding Powerwrap Shares in accordance with section 664C of the Corporations Act. If Praemium achieves a Relevant Interest in at least 90% of the Powerwrap Shares and acquires at least 75% (by number) of the Powerwrap Shares under the Offer, Praemium currently intends to initiate the compulsory acquisition procedure in section 661A of the Corporations Act and to give notices to Powerwrap Shareholders to compulsorily acquire any outstanding Powerwrap Shares in accordance with section 661B of the Corporations Act. Currently, Praemium holds 15.1% stake representing 31.1 million shares in Powerwrap, post completion of the transaction, Praemium will hold 100% stake in Powerwrap. Praemium intends to fund the cash component of the offer consideration through AUD 15 million term loan facility, scrip and Praemium also has sufficient cash reserves available to meet the additional AUD 900,000 that may be required to be paid in cash under the Offer. As on August 28, 2020, Praemium has obtained confirmation from its financier, HSBC, that funding under the Debt Facility will continue to remain available to Praemium with respect to the Offer, provided that, by the end of the Offer Period, Praemium has obtained a relevant interest in atleast 50% of all Powerwrap Shares on issue, if they fail to do so, it will, in any event, fund the cash component of the Offer Consideration entirely out of its existing cash reserves. This change happened due to waiver of minimum acceptance Defeating Condition. Praemium’s current cash at bank, net of regulatory capital requirements required to be set aside, is approximately $8.5 million. Assuming no more than 50% of all Powerwrap Shareholders accept the Offer, the maximum amount in cash that Praemium could be required to pay under the Offer is $5.61 million. As on August 28, 2020, Praemium advises that the Offer Consideration is final and Praemium will not increase the Offer Consideration during the Offer Period and Praemium has a relevant interest in 33.30% of all Powerwrap Shares. Praemium intends to amend the constitution of Powerwrap to reflect its status as a wholly owned subsidiary of Praemium and will seek to convert Powerwrap from a public company to a proprietary company. Praemium intends to replace members of the Powerwrap Board with nominees of Praemium, so that the proportion of such nominees is broadly similar to the voting power of Praemium. No changes are proposed to be made to the Praemium Board. The transaction is subject to 90% minimum acceptance by Powerwrap shareholder, secure all third-party consents or approvals required and all ordinaries Index does not, for a period of 3 consecutive trading days, fall below 30% of the level of that index as at the close of normal trading on the ASX on July 9, 2020. Praemium intends to apply to have Powerwrap delisted from the ASX (where it achieves a shareholding of at least 75% and associated requirements) The Powerwrap board of directors unanimously recommend that Powerwrap shareholders accept the offer. As on August 28, 2020, Praemium waived the 90% minimum acceptance and third-party consents or approvals as a condition subject for the transaction. As on September 2, 2020, the offer becomes wholly unconditional. The Directors of Powerwrap unanimously recommend its shareholders to accept the offer in absence of any superior proposal on September 4, 2020. As reported on September 14, 2020, the offer is free from all defeating condition. Praemium and Powerwrap may terminate this agreement by written notice to the other party if at any time after June 9, 2020. The offer period commences on July 30, 2020 and will be open till August 31, 2020. As of August 14, 2020, offer is expected to complete in September 2020. The offer period will initially last for at least one month or may vary if the offer period is extended or the offer is withdrawn as permitted by the Corporations act. As of August 2, 2020, offer is expected to complete on September 21, 2020. Deloitte Touche Tohmatsu Australia, Investment Banking Arm acted as financial advisor, Foster Nicholson Lawyers Pty Ltd and Arnold Bloch Leibler acted as legal advisors to Praemium Limited. Henslow Pty. Ltd. acted as financial advisor and Hall & Wilcox Lawyers acted as legal advisor to Powerwrap Limited. Link Market Services Limited acted as registrar for Praemium. Praemium Limited (ASX:PPS) completed the acquisition of remaining 84.9% stake in Powerwrap Limited (ASX:PWL) from a group of shareholders on September 21, 2020. As on September 21, 2020, Praemium has a relevant interest in 92.31% of Powerwrap Shares. As Praemium has a relevant interest in more than 90% of Powerwrap Shares, it intends to compulsorily acquire the outstanding Powerwrap Shares on issue, on the same terms as the Offer. As of September 21, 2020, at 7.00 pm (Melbourne time) Praemium has a relevant interest in 94.16% of Powerwrap Shares. The compulsory acquisition process, which is subject to the Corporations Act, is likely to take approximately 4 to 6 weeks, but may take longer in some circumstances.
お知らせ • Jul 31Praemium Limited to Report Fiscal Year 2020 Results on Aug 10, 2020Praemium Limited announced that they will report fiscal year 2020 results at 10:29 PM, GMT Standard Time on Aug 10, 2020