공시 • May 16
Booktopia Group Limited Announces Resignation of Fiona Levens as Chief Financial Officer Booktopia Group Limited advised that its Chief Financial Officer ("CFO"') Fiona Levens has resigned effective 15 May 2024. Ms. Levens with remain with Booktopia during her notice period to support an effective transition. Buy Or Sell Opportunity • May 09
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at AU$0.059. The fair value is estimated to be AU$0.075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 29%. New Risk • Mar 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.5m (US$8.22m) 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 Negative equity (-AU$21m). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Market cap is less than US$10m (AU$12.5m market cap, or US$8.22m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$12m). Buy Or Sell Opportunity • Feb 16
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to AU$0.056. The fair value is estimated to be AU$0.075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to AU$0.058. The fair value is estimated to be AU$0.074, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 08
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be AU$0.075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Meanwhile, the company became loss making. 공시 • Oct 27
Booktopia Announces Resignation of Abigail Cheadle as Director Booktopia announced that Abigail Cheadle resigned as a director of the Company, effective 27 October 2023. Board Change • Sep 19
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, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Stephen Ezekiel is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Paul Welch was the last independent director to join the board, commencing their role in 2023. 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 • Aug 29
Full year 2023 earnings released: AU$0.21 loss per share (vs AU$0.11 loss in FY 2022) Full year 2023 results: AU$0.21 loss per share (further deteriorated from AU$0.11 loss in FY 2022). Revenue: AU$200.9m (down 17% from FY 2022). Net loss: AU$29.0m (loss widened 93% from FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Australia. 공시 • Jul 29
Booktopia Group Ltd Announces Resignation of Steven Traurig as Director Booktopia Group Ltd. announced that Steven Traurig has toay resigned as a director Of the company. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$5.0m). Currently unprofitable and not forecast to become profitable next year (AU$1.3m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (AU$19.6m market cap, or US$13.1m). New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$5.0m). Currently unprofitable and not forecast to become profitable next year (AU$1.3m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$23.9m market cap, or US$15.9m). 공시 • Jun 13
Booktopia Group Limited Announces Executive Changes Booktopia Group Limited announced that Alistair Clarkson has been appointed Company Secretary of the Company effective 13 June 2023 and that Anna Sandham and Steven Traurig have resigned as Company Secretaries effective 13 June 2023. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.028 loss per share (vs AU$0.005 loss in 1H 2022) First half 2023 results: AU$0.028 loss per share (further deteriorated from AU$0.005 loss in 1H 2022). Revenue: AU$112.7m (down 13% from 1H 2022). Net loss: AU$3.89m (loss widened AU$3.26m from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Australia. Board Change • Dec 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Chris Beare was the last independent director to join the board, commencing their role in 2016. 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 • Oct 02
Full year 2022 earnings released: AU$0.11 loss per share (vs AU$0.14 loss in FY 2021) Full year 2022 results: AU$0.11 loss per share (improved from AU$0.14 loss in FY 2021). Revenue: AU$240.9m (up 7.6% from FY 2021). Net loss: AU$15.1m (loss narrowed 17% from FY 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in Australia. Recent Insider Transactions • Sep 20
Insider recently bought AU$608k worth of stock On the 19th of September, Nicholas Taylor bought around 3m shares on-market at roughly AU$0.23 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$2.5m. Insiders have collectively bought AU$4.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 14
Insider recently bought AU$618k worth of stock On the 8th of September, Nicholas Taylor bought around 2m shares on-market at roughly AU$0.25 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$2.5m. Insiders have collectively bought AU$3.5m more in shares than they have sold in the last 12 months. Buying Opportunity • Sep 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be AU$0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.11 loss per share (vs AU$0.14 loss in FY 2021) Full year 2022 results: AU$0.11 loss per share (up from AU$0.14 loss in FY 2021). Revenue: AU$240.9m (up 7.6% from FY 2021). Net loss: AU$15.1m (loss narrowed 17% from FY 2021). Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the Online Retail industry in Australia. Recent Insider Transactions • Aug 19
Insider recently bought AU$2.5m worth of stock On the 17th of August, Nicholas Taylor bought around 8m shares on-market at roughly AU$0.31 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$2.9m more in shares than they have sold in the last 12 months.