Board Change • Nov 16
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Harjinder Kapila is the most experienced director on the board, commencing their role in 2020. 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. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0.39 (vs AU$0.023 loss in FY 2021) Full year 2022 results: EPS: AU$0.39 (up from AU$0.023 loss in FY 2021). Revenue: AU$75.0m (up 315% from FY 2021). Net income: AU$11.2m (up AU$12.1m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 21% share price gain to AU$1.75, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the Oil and Gas industry in Australia. Total returns to shareholders of 1,650% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 18% share price gain to AU$1.59, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Oil and Gas industry in Australia. Total returns to shareholders of 1,485% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorated over the past week After last week's 24% share price decline to AU$1.28, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 12x in the Oil and Gas industry in Australia. Total returns to shareholders of 1,180% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 18% share price gain to AU$1.73, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the Oil and Gas industry in Australia. Total returns to shareholders of 1,625% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.85, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the Oil and Gas industry in Australia. Total returns to shareholders of 928% over the past year. Board Change • Apr 27
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Harjinder Kapila is the most experienced director on the board, commencing their role in 2020. 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. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 25% share price gain to AU$1.19, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Oil and Gas industry in Australia. Total returns to shareholders of 1,090% over the past three years. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.19. Revenue: AU$26.1m (up 127% from 1H 2021). Net income: AU$7.62m (up AU$8.32m from 1H 2021). Profit margin: 29% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 31
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Harjinder Kapila is the most experienced director on the board, commencing their role in 2020. 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. Reported Earnings • Sep 30
Full year 2021 earnings released: AU$0.037 loss per share (vs AU$0.048 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: AU$18.1m (down 21% from FY 2020). Net loss: AU$924.7k (down 147% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Executive Departure • Jul 13
Company Secretary Graeme Smith has left the company On the 30th of June, Graeme Smith's tenure as Company Secretary ended after 1.1 years in the role. We don't have any record of a personal shareholding under Graeme's name. A total of 3 executives have left over the last 12 months. Executive Departure • Jun 05
Independent Non-Executive Director Blair Sergeant has left the company On the 26th of May, Blair Sergeant's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Blair's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 19
First half 2021 earnings released The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: AU$11.5m (up 108% from 1H 2020). Net loss: AU$693.3k (loss widened 19% from 1H 2020). 공시 • Dec 15
Ikwezi Mining Limited, Annual General Meeting, Jan 07, 2021 Ikwezi Mining Limited, Annual General Meeting, Jan 07, 2021, at 15:00 W. Australia Standard Time. Agenda: To consider annual financial report for the financial year ended 30 June 2020; to consider election of director; to consider consolidation of share capital; and to consider appointment of auditor.