View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsMidway 과거 순이익 실적과거 기준 점검 1/6Midway의 수입은 연평균 -31.5%의 비율로 감소해 온 반면, Forestry 산업은 수입이 연평균 1.2% 감소했습니다. 매출은 연평균 7.2%의 비율로 감소해 왔습니다. Midway의 자기자본이익률은 0.7%이고 순이익률은 0.3%입니다.핵심 정보-31.54%순이익 성장률-31.74%주당순이익(EPS) 성장률Forestry 산업 성장률16.09%매출 성장률-7.24%자기자본이익률0.67%순이익률0.31%최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트Reported Earnings • Aug 30Full year 2024 earnings released: EPS: AU$0.01 (vs AU$0.03 loss in FY 2023)Full year 2024 results: EPS: AU$0.01 (up from AU$0.03 loss in FY 2023). Revenue: AU$279.6m (up 47% from FY 2023). Net income: AU$858.0k (up AU$3.47m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Aug 15Midway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024Midway Limited announced that they will report fiscal year 2024 results on Aug 29, 2024Reported Earnings • Mar 02First half 2024 earnings released: AU$0.02 loss per share (vs AU$0.043 profit in 1H 2023)First half 2024 results: AU$0.02 loss per share (down from AU$0.043 profit in 1H 2023). Revenue: AU$119.0m (down 2.8% from 1H 2023). Net loss: AU$1.41m (down 141% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Feb 15Midway Limited to Report First Half, 2024 Results on Feb 29, 2024Midway Limited announced that they will report first half, 2024 results on Feb 29, 2024Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.03 loss per share (vs AU$0.10 loss in FY 2022)Full year 2023 results: AU$0.03 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$189.8m (down 1.9% from FY 2022). Net loss: AU$2.61m (loss narrowed 72% from FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • Aug 18Midway Limited to Report Fiscal Year 2023 Results on Aug 24, 2023Midway Limited announced that they will report fiscal year 2023 results on Aug 24, 2023모든 업데이트 보기Recent updates공시 • Feb 20River Capital Pty Ltd. completed the acquisition of Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack.River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 100 million on November 14, 2024. The consideration consist of AUD 1.19 cash per Midway share which is inclusive of a partially franked special dividend expected to be paid of AUD 0.38 per Midway share. Under the agreement Midway shareholders may instead of receiving the Cash Consideration elect to receive scrip consideration or a mix of cash and scrip, provided that the holders of at least 5% of Midway shares elect to take scrip, and subject to a cap of 49.99%. The transaction has been unanimously approved by the board of Midway Limited and is pending approval of Midway shareholders, Court and include various customary conditions. Transaction has been approved by Federal Court of Australia. The deadline for Election Time for Midway Shareholders to elect to receive a Scrip Consideration Option was on January 20, 2025. As of January 22, 2025, 317,755 Shares in respect of which valid Elections to receive a Scrip Consideration Option have been made representing 0.36%. The Minimum Scrip Threshold will only be satisfied if valid Elections made would result in Midway Shareholders holding, in aggregate, at least 5%. Based on the indicative outcome of Elections, the scrip election didn't reach the Minimum Scrip threshold. Therefore, unless BidCo gives notice to Midway that it waives or reduces the Minimum Scrip Threshold, it is likely that no Scrip Consideration will be issued and all Midway Shareholders (including those who made a valid Election for a Scrip Consideration Option) will receive All Cash Consideration in respect of their Midway Shares held on the Scheme Record Date. Midway will make a further announcement to the ASX prior to the Scheme Meeting in the event that BidCo decides to waive or reduce the Minimum Scrip Threshold. Final outcome of Elections to be determined on February 11, 2025. The transaction is subject to Midway shareholders approving the Scheme by the requisite majorities at the Scheme meeting to be held on 30 January 2025, the Court hearing to approve the Scheme will take place on 4 February 2025 in the Federal Court of Australia. As of January 30,2025, the transaction is approved by shareholders of Midway Limited. As of February 4, 2025 the Federal Court of Australia (Court) has today made orders approving the scheme of arrangement under which RCM BidCo Pty Ltd, an entity owned and controlled by funds managed and advised by River Capital Pty Ltd. As of February 5, 2025 The Scheme is now legally effective, and it is expected that quotation of Midway Shares on the ASX. Pricewaterhousecoopers Securities Limited, Investment Banking Arm acted as financial advisor for Midway Limited. Nicholson Ryan Lawyers Pty Ltd acted as legal advisor for Midway Limited. Ashurst Australia acted as legal advisor for River Capital Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Midway Limited. River Capital Pty Ltd. completed the acquisition of Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack on February 18, 2025. Gordon Davis, Kellie Benda, Leanne Heywood, Nils Gunnersen, Tom Gunnersen and Andy Preece have resigned from the Midway board with effect from the implementation of the Scheme. James Craig and Joshua Ludski have today been appointed as directors of Midway.공시 • Feb 18Midway Limited Announces Board ChangesMidway Limited announced that Each of Gordon Davis, Kellie Benda, Leanne Heywood, Nils Gunnersen, Tom Gunnersen and Andy Preece have resigned from the Midway board with effect from the implementation of the Scheme. James Craig and Joshua Ludski have been appointed as directors of Midway.공시 • Jan 24Midway Limited Announces Special Dividend , Payable February 18, 2025Midway Limited announced Special dividend of AUD 0.38350000. Ex Date: February 6, 2025, 2024, Record date: February 7, 2025, Payment date: February 18, 2025.공시 • Nov 15River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million.River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million on November 14, 2024. The consideration consist of AUD 1.19 cash per Midway share which is inclusive of a partially franked special dividend expected to be paid of AUD 0.38 per Midway share. Under the agreement Midway shareholders may instead of receiving the Cash Consideration elect to receive scrip consideration or a mix of cash and scrip, provided that the holders of at least 5% of Midway shares elect to take scrip, and subject to a cap of 49.99%. The transaction has been unanimously approved by the board of Midway Limited and is pending approval of Midway shareholders, Court and include various customary conditions. Pricewaterhousecoopers Securities Limited, Investment Banking Arm acted as financial advisor for Midway Limited. Nicholson Ryan Lawyers Pty Ltd acted as legal advisor for Midway Limited. Ashurst Australia acted as legal advisor for River Capital Pty Ltd.New Risk • Nov 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 26% 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 Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (AU$108.3m market cap, or US$70.0m).공시 • Oct 10Midway Limited, Annual General Meeting, Nov 28, 2024Midway Limited, Annual General Meeting, Nov 28, 2024.Upcoming Dividend • Sep 12Upcoming dividend of AU$0.16 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.5%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (2.9%).Reported Earnings • Aug 30Full year 2024 earnings released: EPS: AU$0.01 (vs AU$0.03 loss in FY 2023)Full year 2024 results: EPS: AU$0.01 (up from AU$0.03 loss in FY 2023). Revenue: AU$279.6m (up 47% from FY 2023). Net income: AU$858.0k (up AU$3.47m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Aug 15Midway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024Midway Limited announced that they will report fiscal year 2024 results on Aug 29, 2024Board Change • Mar 06Less than half of directors are independentFollowing Non-Executive Director Andy Preece's arrival on 01 March 2024, 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 Kellie Benda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 02First half 2024 earnings released: AU$0.02 loss per share (vs AU$0.043 profit in 1H 2023)First half 2024 results: AU$0.02 loss per share (down from AU$0.043 profit in 1H 2023). Revenue: AU$119.0m (down 2.8% from 1H 2023). Net loss: AU$1.41m (down 141% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Mar 01Midway Limited Announces the Appointment of Andrew (Andy) Preece to the Board as a Non-Executive Director, Effective as of 1 March 2024Midway Limited announced the appointment of Mr. Andrew (Andy) Preece to the Board as a Non-Executive Director, effective as of 1 March 2024. Andy has held several executive roles including Managing Director and Chief Executive Officer of Spicers Limited and prior to that Executive General Manager, Australia, New Zealand, and Asia. He has a manufacturing, merchanting, and wholesaling career spanning 30 years, originating in the UK packaging industry.공시 • Feb 15Midway Limited to Report First Half, 2024 Results on Feb 29, 2024Midway Limited announced that they will report first half, 2024 results on Feb 29, 2024공시 • Nov 29Midway Limited Announces Fully Franked Special Dividend, Payable on 22 December 2023Midway Limited announced a 5.0 cent fully franked special dividend to be paid on 22 December 2023 with a record date of 08 December 2023. This special dividend is being paid out of the net proceeds of the sale of the plantation estate.공시 • Oct 12Midway Limited, Annual General Meeting, Oct 30, 2023Midway Limited, Annual General Meeting, Oct 30, 2023, at 10:00 AUS Eastern Standard Time. Location: 10 The Esplanade, North Shore Victoria Victoria AustraliaReported Earnings • Aug 25Full year 2023 earnings released: AU$0.03 loss per share (vs AU$0.10 loss in FY 2022)Full year 2023 results: AU$0.03 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$189.8m (down 1.9% from FY 2022). Net loss: AU$2.61m (loss narrowed 72% from FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • Aug 18Midway Limited to Report Fiscal Year 2023 Results on Aug 24, 2023Midway Limited announced that they will report fiscal year 2023 results on Aug 24, 2023Reported Earnings • Feb 24First half 2023 earnings released: EPS: AU$0.043 (vs AU$0.014 loss in 1H 2022)First half 2023 results: EPS: AU$0.043 (up from AU$0.014 loss in 1H 2022). Revenue: AU$122.5m (up 34% from 1H 2022). Net income: AU$3.41m (up AU$4.73m from 1H 2022). Profit margin: 2.8% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.공시 • Feb 16Midway Limited to Report First Half, 2023 Results on Feb 23, 2023Midway Limited announced that they will report first half, 2023 results on Feb 23, 2023Board Change • Oct 28Less 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. 5 non-independent directors. Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 29Full year 2022 earnings released: AU$0.15 loss per share (vs AU$0.061 loss in FY 2021)Full year 2022 results: AU$0.15 loss per share (down from AU$0.061 loss in FY 2021). Revenue: AU$203.3m (down 28% from FY 2021). Net loss: AU$13.0m (loss widened 142% from FY 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 6.8% growth forecast for the Forestry industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Mar 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 01First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: AU$0.04 loss per share (down from AU$0.02 loss in 1H 2021). Revenue: AU$91.2m (down 40% from 1H 2021). Net loss: AU$3.65m (loss widened 174% from 1H 2021). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 1.7%, compared to a 9.7% growth forecast for the industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Board Change • Feb 25Less 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 Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 09Less 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 Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Oct 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Sep 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 26First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.01 profit in 1H 2020)The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$153.9m (up 21% from 1H 2020). Net loss: AU$1.33m (down 261% from profit in 1H 2020).매출 및 비용 세부 내역Midway가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CHIA:MWY 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비30 Jun 24276148031 Mar 24231-345031 Dec 23185-741030 Sep 23187-543030 Jun 23190-346031 Dec 22226-562030 Sep 22210-759030 Jun 22194-957031 Mar 22211-854031 Dec 21221-550030 Sep 21252-555030 Jun 21282-560031 Mar 21287-1065031 Dec 20292-1470030 Sep 20277-1374030 Jun 20262-1277031 Mar 20273080031 Dec 192831283030 Sep 192861980030 Jun 192892678031 Mar 192842876031 Dec 182793074030 Sep 182572468030 Jun 182361863031 Mar 182231557031 Dec 172111152030 Sep 172121349030 Jun 172131546031 Mar 172021640031 Dec 161911834030 Sep 162022238030 Jun 162122642030 Jun 151451924030 Jun 1496240양질의 수익: MWY는 A$1.1M 규모의 큰 일회성 손실이 있어 30th June, 2024까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: MWY는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: MWY의 수익은 지난 5년 동안 연평균 31.5% 감소했습니다.성장 가속화: MWY는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: MWY는 지난해 흑자전환하여 지난 해 수익 성장률을 Forestry 업계(-4.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: MWY의 자본 수익률(0.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/02/20 14:11종가2025/02/05 00:00수익2024/06/30연간 수익2024/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Midway Limited는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Belinda MooreMorgans Financial LimitedDanny YounisShaw and Partners Limited
Reported Earnings • Aug 30Full year 2024 earnings released: EPS: AU$0.01 (vs AU$0.03 loss in FY 2023)Full year 2024 results: EPS: AU$0.01 (up from AU$0.03 loss in FY 2023). Revenue: AU$279.6m (up 47% from FY 2023). Net income: AU$858.0k (up AU$3.47m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Aug 15Midway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024Midway Limited announced that they will report fiscal year 2024 results on Aug 29, 2024
Reported Earnings • Mar 02First half 2024 earnings released: AU$0.02 loss per share (vs AU$0.043 profit in 1H 2023)First half 2024 results: AU$0.02 loss per share (down from AU$0.043 profit in 1H 2023). Revenue: AU$119.0m (down 2.8% from 1H 2023). Net loss: AU$1.41m (down 141% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Feb 15Midway Limited to Report First Half, 2024 Results on Feb 29, 2024Midway Limited announced that they will report first half, 2024 results on Feb 29, 2024
Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.03 loss per share (vs AU$0.10 loss in FY 2022)Full year 2023 results: AU$0.03 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$189.8m (down 1.9% from FY 2022). Net loss: AU$2.61m (loss narrowed 72% from FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • Aug 18Midway Limited to Report Fiscal Year 2023 Results on Aug 24, 2023Midway Limited announced that they will report fiscal year 2023 results on Aug 24, 2023
공시 • Feb 20River Capital Pty Ltd. completed the acquisition of Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack.River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 100 million on November 14, 2024. The consideration consist of AUD 1.19 cash per Midway share which is inclusive of a partially franked special dividend expected to be paid of AUD 0.38 per Midway share. Under the agreement Midway shareholders may instead of receiving the Cash Consideration elect to receive scrip consideration or a mix of cash and scrip, provided that the holders of at least 5% of Midway shares elect to take scrip, and subject to a cap of 49.99%. The transaction has been unanimously approved by the board of Midway Limited and is pending approval of Midway shareholders, Court and include various customary conditions. Transaction has been approved by Federal Court of Australia. The deadline for Election Time for Midway Shareholders to elect to receive a Scrip Consideration Option was on January 20, 2025. As of January 22, 2025, 317,755 Shares in respect of which valid Elections to receive a Scrip Consideration Option have been made representing 0.36%. The Minimum Scrip Threshold will only be satisfied if valid Elections made would result in Midway Shareholders holding, in aggregate, at least 5%. Based on the indicative outcome of Elections, the scrip election didn't reach the Minimum Scrip threshold. Therefore, unless BidCo gives notice to Midway that it waives or reduces the Minimum Scrip Threshold, it is likely that no Scrip Consideration will be issued and all Midway Shareholders (including those who made a valid Election for a Scrip Consideration Option) will receive All Cash Consideration in respect of their Midway Shares held on the Scheme Record Date. Midway will make a further announcement to the ASX prior to the Scheme Meeting in the event that BidCo decides to waive or reduce the Minimum Scrip Threshold. Final outcome of Elections to be determined on February 11, 2025. The transaction is subject to Midway shareholders approving the Scheme by the requisite majorities at the Scheme meeting to be held on 30 January 2025, the Court hearing to approve the Scheme will take place on 4 February 2025 in the Federal Court of Australia. As of January 30,2025, the transaction is approved by shareholders of Midway Limited. As of February 4, 2025 the Federal Court of Australia (Court) has today made orders approving the scheme of arrangement under which RCM BidCo Pty Ltd, an entity owned and controlled by funds managed and advised by River Capital Pty Ltd. As of February 5, 2025 The Scheme is now legally effective, and it is expected that quotation of Midway Shares on the ASX. Pricewaterhousecoopers Securities Limited, Investment Banking Arm acted as financial advisor for Midway Limited. Nicholson Ryan Lawyers Pty Ltd acted as legal advisor for Midway Limited. Ashurst Australia acted as legal advisor for River Capital Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Midway Limited. River Capital Pty Ltd. completed the acquisition of Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack on February 18, 2025. Gordon Davis, Kellie Benda, Leanne Heywood, Nils Gunnersen, Tom Gunnersen and Andy Preece have resigned from the Midway board with effect from the implementation of the Scheme. James Craig and Joshua Ludski have today been appointed as directors of Midway.
공시 • Feb 18Midway Limited Announces Board ChangesMidway Limited announced that Each of Gordon Davis, Kellie Benda, Leanne Heywood, Nils Gunnersen, Tom Gunnersen and Andy Preece have resigned from the Midway board with effect from the implementation of the Scheme. James Craig and Joshua Ludski have been appointed as directors of Midway.
공시 • Jan 24Midway Limited Announces Special Dividend , Payable February 18, 2025Midway Limited announced Special dividend of AUD 0.38350000. Ex Date: February 6, 2025, 2024, Record date: February 7, 2025, Payment date: February 18, 2025.
공시 • Nov 15River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million.River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million on November 14, 2024. The consideration consist of AUD 1.19 cash per Midway share which is inclusive of a partially franked special dividend expected to be paid of AUD 0.38 per Midway share. Under the agreement Midway shareholders may instead of receiving the Cash Consideration elect to receive scrip consideration or a mix of cash and scrip, provided that the holders of at least 5% of Midway shares elect to take scrip, and subject to a cap of 49.99%. The transaction has been unanimously approved by the board of Midway Limited and is pending approval of Midway shareholders, Court and include various customary conditions. Pricewaterhousecoopers Securities Limited, Investment Banking Arm acted as financial advisor for Midway Limited. Nicholson Ryan Lawyers Pty Ltd acted as legal advisor for Midway Limited. Ashurst Australia acted as legal advisor for River Capital Pty Ltd.
New Risk • Nov 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 26% 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 Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (AU$108.3m market cap, or US$70.0m).
공시 • Oct 10Midway Limited, Annual General Meeting, Nov 28, 2024Midway Limited, Annual General Meeting, Nov 28, 2024.
Upcoming Dividend • Sep 12Upcoming dividend of AU$0.16 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.5%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (2.9%).
Reported Earnings • Aug 30Full year 2024 earnings released: EPS: AU$0.01 (vs AU$0.03 loss in FY 2023)Full year 2024 results: EPS: AU$0.01 (up from AU$0.03 loss in FY 2023). Revenue: AU$279.6m (up 47% from FY 2023). Net income: AU$858.0k (up AU$3.47m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Aug 15Midway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024Midway Limited announced that they will report fiscal year 2024 results on Aug 29, 2024
Board Change • Mar 06Less than half of directors are independentFollowing Non-Executive Director Andy Preece's arrival on 01 March 2024, 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 Kellie Benda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 02First half 2024 earnings released: AU$0.02 loss per share (vs AU$0.043 profit in 1H 2023)First half 2024 results: AU$0.02 loss per share (down from AU$0.043 profit in 1H 2023). Revenue: AU$119.0m (down 2.8% from 1H 2023). Net loss: AU$1.41m (down 141% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Mar 01Midway Limited Announces the Appointment of Andrew (Andy) Preece to the Board as a Non-Executive Director, Effective as of 1 March 2024Midway Limited announced the appointment of Mr. Andrew (Andy) Preece to the Board as a Non-Executive Director, effective as of 1 March 2024. Andy has held several executive roles including Managing Director and Chief Executive Officer of Spicers Limited and prior to that Executive General Manager, Australia, New Zealand, and Asia. He has a manufacturing, merchanting, and wholesaling career spanning 30 years, originating in the UK packaging industry.
공시 • Feb 15Midway Limited to Report First Half, 2024 Results on Feb 29, 2024Midway Limited announced that they will report first half, 2024 results on Feb 29, 2024
공시 • Nov 29Midway Limited Announces Fully Franked Special Dividend, Payable on 22 December 2023Midway Limited announced a 5.0 cent fully franked special dividend to be paid on 22 December 2023 with a record date of 08 December 2023. This special dividend is being paid out of the net proceeds of the sale of the plantation estate.
공시 • Oct 12Midway Limited, Annual General Meeting, Oct 30, 2023Midway Limited, Annual General Meeting, Oct 30, 2023, at 10:00 AUS Eastern Standard Time. Location: 10 The Esplanade, North Shore Victoria Victoria Australia
Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.03 loss per share (vs AU$0.10 loss in FY 2022)Full year 2023 results: AU$0.03 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$189.8m (down 1.9% from FY 2022). Net loss: AU$2.61m (loss narrowed 72% from FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • Aug 18Midway Limited to Report Fiscal Year 2023 Results on Aug 24, 2023Midway Limited announced that they will report fiscal year 2023 results on Aug 24, 2023
Reported Earnings • Feb 24First half 2023 earnings released: EPS: AU$0.043 (vs AU$0.014 loss in 1H 2022)First half 2023 results: EPS: AU$0.043 (up from AU$0.014 loss in 1H 2022). Revenue: AU$122.5m (up 34% from 1H 2022). Net income: AU$3.41m (up AU$4.73m from 1H 2022). Profit margin: 2.8% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
공시 • Feb 16Midway Limited to Report First Half, 2023 Results on Feb 23, 2023Midway Limited announced that they will report first half, 2023 results on Feb 23, 2023
Board Change • Oct 28Less 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. 5 non-independent directors. Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 29Full year 2022 earnings released: AU$0.15 loss per share (vs AU$0.061 loss in FY 2021)Full year 2022 results: AU$0.15 loss per share (down from AU$0.061 loss in FY 2021). Revenue: AU$203.3m (down 28% from FY 2021). Net loss: AU$13.0m (loss widened 142% from FY 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 6.8% growth forecast for the Forestry industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Mar 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 01First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: AU$0.04 loss per share (down from AU$0.02 loss in 1H 2021). Revenue: AU$91.2m (down 40% from 1H 2021). Net loss: AU$3.65m (loss widened 174% from 1H 2021). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 1.7%, compared to a 9.7% growth forecast for the industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Board Change • Feb 25Less 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 Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 09Less 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 Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Oct 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Sep 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Leanne Heywood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 26First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.01 profit in 1H 2020)The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$153.9m (up 21% from 1H 2020). Net loss: AU$1.33m (down 261% from profit in 1H 2020).