お知らせ • May 30
Hills Limited Announces Director Resignations Hills Limited announced that Mr. Harley Whitcombe and Mr. Gunalan (Balu) Jeganathan have resigned as non-executive directors, effective immediately. Mr. Whitcombe and Mr. Jeganathan were nominated as non-executive directors in accordance with the subscription agreement between Hills and Historical Holdings Pty Ltd. (Historical Holdings). Historical Holdings remains a substantial shareholder of Hills. Date that director ceased to be director 26 May 2023. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.016 loss per share (vs AU$0.086 loss in 1H 2022) First half 2023 results: AU$0.016 loss per share (improved from AU$0.086 loss in 1H 2022). Revenue: AU$22.5m (down 72% from 1H 2022). Net loss: AU$3.61m (loss narrowed 82% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman & Lead Independent Director David Chambers is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman & Lead Independent Director David Chambers is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.044 loss in FY 2021) Full year 2022 results: AU$0.036 loss per share (up from AU$0.044 loss in FY 2021). Revenue: AU$47.3m (down 74% from FY 2021). Net loss: AU$8.33m (loss narrowed 19% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Board Change • Aug 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman & Lead Independent Director David Chambers is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Ken Dwyer is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Ken Dwyer is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.044 loss per share (vs AU$0.027 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$180.2m (down 18% from FY 2020). Net loss: AU$10.2m (loss widened 66% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 31
Independent Non-Executive Director has left the company On the 31st of March, Fiona Rosalyn Bennett's tenure as Independent Non-Executive Director ended after 10.8 years in the role. As of December 2020, Fiona Rosalyn personally held only 378.44k shares (AU$64k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • Mar 25
Chief Financial Officer has left the company On the 22nd of March, Peter Steel's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Peter's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Nov 23
New 90-day high: AU$0.21 The company is up 31% from its price of AU$0.16 on 25 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period.