お知らせ • Jul 26
Partner Communications Company Ltd. to Report Q2, 2023 Results on Aug 15, 2023 Partner Communications Company Ltd. announced that they will report Q2, 2023 results on Aug 15, 2023 お知らせ • Feb 03
Partner Communications Announces the Dismissal of A Motion for the Recognition of A Lawsuit as A Class Action Partner Communications Company Ltd. announced, that, further to the Company's immediate report on November 8, 2020, regarding the receipt of two lawsuits and a motion for the recognition of these lawsuits as class actions, filed against Partner and its subsidiaries in the Tel Aviv-Jaffa District Court, according to which the Respondents charged the customers a fee for an internet access service provider service after they began receiving this service from another company and that the Respondents did not provide the Service, in an over collected amount estimated in the Motion at over ILS 100 million, on February 1, 2023, a verdict was given according to which the Motion is dismissed, while charging the applicants with costs. お知らせ • Jan 28
Partner Communications Announces Delisting from Nasdaq and Concentration of Its Share Trading on the Tel Aviv Stock Exchange Partner Communications Company Ltd. ("Partner" or "the Company") announced that it intends to voluntarily delist its American Depositary Shares ("ADSs") from the NASDAQ Global Select Market ("NASDAQ") and concentrate its share trading on one single exchange, the Tel Aviv Stock Exchange ("TASE"). Following the effectiveness of the delisting from NASDAQ, the Company intends to deregister and terminate its reporting obligations with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended ("US Exchange Act"). The Company will maintain the current listing of its shares on TASE, which will become Partner's only official stock exchange listing. The Board of Directors of the Company has determined after extensive consideration that its current dual listing structure, whereby its ADSs are traded on NASDAQ, in addition to the trading of its ordinary shares on TASE, is unnecessary in today's increasingly globalized trading environment, where investors have access to securities in international markets, regardless of where they are listed. Since the vast majority of its equity securities trade on TASE and its operations are substantially all carried out in Israel, it would be prudent for the Company to terminate its listing on NASDAQ. By maintaining one single listing on TASE, the Company will be able to focus even further on its business development, while reducing the costs and challenges to the Company of maintaining a listing in the United States, where the Company's operations are not focused. With the single listing in Tel Aviv, the Company will be subject to TASE's listing rules and the Israeli Securities Law, 5728-1968, its regulations and Israeli Securities Authority's reporting requirements and the high standards of corporate governance prevalent in Israel. The Company's strategy, its operations and its ability to grow its business will not change as a result of the Company concentrating its share trading on a single exchange. The Company anticipates that it will file with the SEC a Form 25 relating to the delisting of its ADSs from trade on NASDAQ on or about February 6, 2023. As a result, the Company expects that the last day of trading of its ADSs on NASDAQ will be no earlier than February 15, 2023. The change to a sole listing on TASE is intended to be effected upon the U.S. delisting, no earlier than February 16, 2023. In addition, the Company intends to terminate the registration of its securities and its reporting obligations under the US Exchange Act. For this purpose, the Company intends to file with the SEC a Form 15F on or about February 16, 2023. Upon such filing, the Company's reporting obligations with the SEC will be suspended immediately. The termination of the Company's registration and reporting obligations is expected to become effective no later than 90 days after such filing if there are no objections from the SEC. No action is required to be taken by ADSs investors at this time. Until such time as the Company may consider terminating its American Depositary Receipt (ADR) program, the ADR program will be maintained by the Depositary, Citibank, N.A. in the U.S. The Company anticipates that following the delisting from NASDAQ, the ADSs will be available for trade in the U.S. Over-The-Counter (OTC) market. Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: ₪0.28 (vs ₪0.13 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.28 (up from ₪0.13 in 3Q 2021). Revenue: ₪891.0m (up 6.5% from 3Q 2021). Net income: ₪51.0m (up 113% from 3Q 2021). Profit margin: 5.7% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent External Director Jonathan Kolodny is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ₪0.26 (vs ₪0.049 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.26 (up from ₪0.049 in 2Q 2021). Revenue: ₪859.0m (up 2.3% from 2Q 2021). Net income: ₪47.0m (up 422% from 2Q 2021). Profit margin: 5.5% (up from 1.1% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 2.8% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: ₪0.21 (vs ₪0.027 in 1Q 2021) First quarter 2022 results: EPS: ₪0.21 (up from ₪0.027 in 1Q 2021). Revenue: ₪854.0m (up 2.5% from 1Q 2021). Net income: ₪39.0m (up ₪34.0m from 1Q 2021). Profit margin: 4.6% (up from 0.6% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₪0.63 (up from ₪0.093 in FY 2020). Revenue: ₪3.36b (up 5.5% from FY 2020). Net income: ₪115.0m (up ₪98.0m from FY 2020). Profit margin: 3.4% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.13 (up from ₪0.027 loss in 3Q 2020). Revenue: ₪837.0m (up 4.6% from 3Q 2020). Net income: ₪24.0m (up ₪29.0m from 3Q 2020). Profit margin: 2.9% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS ₪0.049 (vs ₪0.038 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪840.0m (up 8.5% from 2Q 2020). Net income: ₪9.00m (up 29% from 2Q 2020). Profit margin: 1.1% (up from 0.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Executive Departure • Jun 02
Chief Executive Officer Isaac Benbenisti has left the company On the 1st of June, Isaac Benbenisti's tenure as Chief Executive Officer of the company ended after 5.9 years in the role. We don't have any record of a personal shareholding under Isaac's name. A total of 2 executives have left over the last 12 months. Under Isaac's leadership, the company delivered a total shareholder return of 85%. Reported Earnings • May 27
First quarter 2021 earnings released: EPS ₪0.027 (vs ₪0.055 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₪833.0m (up 3.2% from 1Q 2020). Net income: ₪5.00m (down 50% from 1Q 2020). Profit margin: 0.6% (down from 1.2% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₪0.093 (vs ₪0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪3.19b (down 1.4% from FY 2019). Net income: ₪17.0m (down 11% from FY 2019). Profit margin: 0.5% (down from 0.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 18
New 90-day high: US$5.39 The company is up 39% from its price of US$3.89 on 18 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 17% over the same period. Reported Earnings • Nov 27
Third quarter 2020 earnings released: ₪0.027 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₪800.0m (down 3.0% from 3Q 2019). Net loss: ₪5.00m (down 171% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 17
New 90-day high: US$4.65 The company is up 8.0% from its price of US$4.32 on 18 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Wireless Telecom industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: US$3.70 The company is down 10.0% from its price of US$4.11 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 4.0% over the same period.