Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Feb 27
Joyce Corporation Ltd Announces Ordinary Fully Franked Interim Dividend for the Six Months Ended December 31, 2025 , Payable on March 27, 2026 Joyce Corporation Ltd. announced ordinary fully franked interim dividend of AUD 0.13000000 per share for the six months ended December 31, 2025. The record date is 13 March 2026 and the payment date is 27 March 2026. Ex date: March 12, 2026. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Oct 10
Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025 Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025. Declared Dividend • Aug 31
First half dividend of AU$0.17 announced Shareholders will receive a dividend of AU$0.17. Ex-date: 11th September 2025 Payment date: 3rd October 2025 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control, which is less than the 19% EPS growth achieved over the last 5 years. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 22
Joyce Corporation Ltd Announces Executive Changes Joyce Corporation Ltd. advises that Mr. Dan Madden has resigned as Joint Company Secretary, effective 22 November 2024. Mr. Tim Allison continues in the role of Company Secretary and, for the purposes of ASX Listing Rule 12.6,
remains the primary person responsible for communication between the Company and the ASX. 공시 • Oct 09
Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024 Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024. Reported Earnings • Sep 03
Full year 2024 earnings released: EPS: AU$0.31 (vs AU$0.28 in FY 2023) Full year 2024 results: EPS: AU$0.31 (up from AU$0.28 in FY 2023). Revenue: AU$145.5m (flat on FY 2023). Net income: AU$8.86m (up 12% from FY 2023). Profit margin: 6.1% (up from 5.5% in FY 2023). Declared Dividend • Sep 01
First half dividend of AU$0.17 announced Shareholders will receive a dividend of AU$0.17. Ex-date: 12th September 2024 Payment date: 4th October 2024 Dividend yield will be 6.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (AU$115.0m market cap, or US$77.5m). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to AU$4.33, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Specialty Retail industry in Australia. Total returns to shareholders of 75% over the past year. Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.11 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 05 April 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (4.6%). Declared Dividend • Feb 29
First half dividend of AU$0.11 announced Shareholders will receive a dividend of AU$0.11. Ex-date: 11th March 2024 Payment date: 5th April 2024 Dividend yield will be 8.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.13 in 1H 2023) First half 2024 results: EPS: AU$0.17 (up from AU$0.13 in 1H 2023). Revenue: AU$73.1m (up 6.0% from 1H 2023). Net income: AU$4.74m (up 34% from 1H 2023). Profit margin: 6.5% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue. Board Change • Nov 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 12
Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023 Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.17 per share at 7.6% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (5.7%). Reported Earnings • Sep 01
Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.32 in FY 2022) Full year 2023 results: EPS: AU$0.28 (down from AU$0.32 in FY 2022). Revenue: AU$144.7m (up 12% from FY 2022). Net income: AU$7.93m (down 13% from FY 2022). Profit margin: 5.5% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (AU$74.7m market cap, or US$48.4m). Board Change • May 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.