New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €7.77m (US$8.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (€7.77m market cap, or US$8.83m). お知らせ • May 21
Ivy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG). Ivy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026. A cash consideration of $9 million will be paid by Ivy Technology Holdings, LLC. Ivy Technology Holdings, LLC will pay an earnout/contingent payment of $1 million non-convertible debt in four equal quarterly instalments. As part of consideration, $10 million is paid towards common equity of ISP Tek Services LLC. The proceeds from the transaction, combined with some of its existing cash reserves, will be used to retire approximately $16 million of outstanding debt.
Ivy Technology Holdings, LLC completed the acquisition of ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026 Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. お知らせ • Oct 17
Close the Loop Ltd, Annual General Meeting, Nov 20, 2025 Close the Loop Ltd, Annual General Meeting, Nov 20, 2025. Location: nexia australia, level 35, 600 bourke street, melbourne, victoria Australia お知らせ • Sep 01
Joe Foster Will Step Down as Global Chief Operations Officer and Transition to a Non-Executive Director Position on 1 September 2025 Whilst Entering into a Consulting Role with Close the Loop Ltd. on 1 September 2025 Close the Loop Limited announced that Joe Foster will step down as Global Chief Operations Officer and transition to a Non-Executive Director position on 1 September 2025 whilst entering into a consulting role with the Company on 1 September 2025. New Risk • Aug 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risk Market cap is less than US$100m (€9.50m market cap, or US$11.0m). Board Change • Aug 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. お知らせ • Jan 30
Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG). Adamantem Capital Management Pty Ltd entered into a process deed to acquire Close the Loop Ltd (ASX:CLG) on November 19, 2024. Under the terms of the transaction, Adamantem will acquire 100% of the shares of Close the Loop, by way of a scheme of arrangement, for AUD 0.27 per share. The transaction is subject to consummation of due diligence investigation. The indicative proposal offers shareholders the opportunity to receive consideration for their shares either in cash, or scrip in the Adamantem acquisition entity, or a combination of both. The scrip election will be subject to an aggregate minimum take-up level amongst all shareholders, with the total level of scrip consideration to be scaled back if elections exceed a maximum scrip roll of 45% of all shares outstanding. Moelis Australia Securities Pty Ltd. acted as financial advisor for Close the Loop Ltd. Thomson Geer acted as legal advisor for Close the Loop Ltd. As of December 19, 2024, Close the Loop Ltd has decided to extend the Exclusivity Period to January 20, 2025, to allow for finalization of due diligence.
Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG) on January 29, 2025. お知らせ • Oct 18
Close the Loop Ltd, Annual General Meeting, Nov 21, 2024 Close the Loop Ltd, Annual General Meeting, Nov 21, 2024. Location: nexia australia, level 35, 600 bourke street, melbourne Australia New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€66.3m market cap, or US$73.4m). New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.9% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€71.1m market cap, or US$79.5m). Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: AU$0.021 (vs AU$0.032 in FY 2023) Full year 2024 results: EPS: AU$0.021 (down from AU$0.032 in FY 2023). Revenue: AU$213.0m (up 57% from FY 2023). Net income: AU$11.0m (down 9.6% from FY 2023). Profit margin: 5.1% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Buy Or Sell Opportunity • Aug 26
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to €0.14. The fair value is estimated to be €0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. お知らせ • Aug 21
Close the Loop Ltd to Report Fiscal Year 2024 Results on Aug 26, 2024 Close the Loop Ltd announced that they will report fiscal year 2024 results on Aug 26, 2024 New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€89.4m market cap, or US$97.9m). Board Change • Apr 05
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: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Greg Toll is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Grant Carman was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.