공시 • May 30
Hills Limited Announces Director Resignations Hills Limited announced that Mr. Harley Whitcombe and Mr. Gunalan (Balu) Jeganathan have resigned as non-executive directors, effective immediately. Mr. Whitcombe and Mr. Jeganathan were nominated as non-executive directors in accordance with the subscription agreement between Hills and Historical Holdings Pty Ltd. (Historical Holdings). Historical Holdings remains a substantial shareholder of Hills. Date that director ceased to be director 26 May 2023. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.016 loss per share (vs AU$0.086 loss in 1H 2022) First half 2023 results: AU$0.016 loss per share (improved from AU$0.086 loss in 1H 2022). Revenue: AU$22.5m (down 72% from 1H 2022). Net loss: AU$3.61m (loss narrowed 82% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. 공시 • Dec 13
Hills Limited Announces Company Secretary Change Hills Limited advised that Mr. Geoffrey Stirton has resigned as Company Secretary, effective immediately, following his resignation from Source Governance, Hills' outsourced company secretarial services provider. Hills advised the Company has appointed Ms. Stephanie So as Company Secretary, effective 12 December 2022. Ms. So has over 12 years of experience working in the Listings Compliance team at the ASX and has extensive experience in ASX Listing Rule policy and development, advising on a variety of listing, corporate governance, and regulatory matters for listed entities. Ms. So is a Fellow of the Governance Institute of Australia and holds a Graduate Diploma in Applied Corporate Governance, as well as a Graduate Diploma in Chartered Accounting and is an employee of Source Governance. Board Change • Nov 16
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman & Lead Independent Director David Chambers is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman & Lead Independent Director David Chambers is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 21
Hills Limited, Annual General Meeting, Nov 23, 2022 Hills Limited, Annual General Meeting, Nov 23, 2022, at 14:00 AUS Eastern Standard Time. Location: at Australian Institute of Company Directors (AICD), 18 Jamison Street Sydney New South Wales Australia Agenda: To consider Financial Statements; to consider Remuneration Report; to consider Re-Election of Directors; to consider Approval of 10% Placement Capacity; to consider Constitutional amendment to allow for virtual meetings; and to consider other matters. 공시 • Oct 07
Hills Limited Appoints David Clarke as Director Hills Limited announced the appointment of David Clarke as director of the company with effect from 30 September 2022. 공시 • Sep 30
Hills Limited Announces Executive Changes Hills Limited announced the resignation of non-executive director Janet Muir effective 30 September 2022. Ms. Muir has been appointed as Chief Executive Officer at RSL Lifecare and has resigned from the board of Hills to avoid any perceived or actual conflict of interest arising from her new role. She has served on the board of Hills since October 2021. With Ms. Muir's resignation, the Board announced the appointment of David Clarke as Managing Director, with immediate effect. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.044 loss in FY 2021) Full year 2022 results: AU$0.036 loss per share (up from AU$0.044 loss in FY 2021). Revenue: AU$47.3m (down 74% from FY 2021). Net loss: AU$8.33m (loss narrowed 19% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. 공시 • Jul 29
Hills Limited Announces Company Secretary Changes Hills Limited confirmed the appointment of Mr. Geoffrey Stirton as Company Secretary effective 29 July 2022, and the resignation of Mr. David Fox also effective 29 July 2022. Geoffrey has over 30 years' experience working with listed and unlisted companies as well as not for profits in both governance and line management roles. He has primarily worked in financial services for several ASX 100 companies. He is a Chartered Accountant and Chartered Secretary and a Fellow of both the Australian Institute of Company Directors and the Governance Institute of Australia. The Board thanks Mr. Fox for his outstanding contribution as General Counsel since 2013 and as Company Secretary since December 2016, during a period of significant transformation and change. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Ken Dwyer is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Ken Dwyer is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.044 loss per share (vs AU$0.027 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$180.2m (down 18% from FY 2020). Net loss: AU$10.2m (loss widened 66% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 31
Independent Non-Executive Director has left the company On the 31st of March, Fiona Rosalyn Bennett's tenure as Independent Non-Executive Director ended after 10.8 years in the role. As of December 2020, Fiona Rosalyn personally held 378.44k shares (AU$66k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • Mar 25
Chief Financial Officer has left the company On the 22nd of March, Peter Steel's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Peter's name. A total of 3 executives have left over the last 12 months. 공시 • Mar 11
Hills Limited Appoints Natalie Scott as Chief Financial Officer, Effective 22 March 2021 Hills Limited announced the appointment of experienced finance executive Natalie Scott as Chief Financial Officer, effective 22 March 2021, and the appointment of Peter Steel as a Non-executive Director, effective 31 March 2021. Ms Scott, a qualified chartered accountant, brings significant experience in senior finance roles at ASX-listed companies including Village Roadshow Limited and Event Hospitality and Entertainment Ltd. Ms Scott was also CFO and Chief Operating Officer at the Scalabrini Village residential aged care group between 2016 and 2020. Reported Earnings • Feb 25
First half 2021 earnings released: AU$0.028 loss per share (vs AU$0.01 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: AU$93.2m (down 27% from 1H 2020). Net loss: AU$6.45m (down 380% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 20
New 90-day high: AU$0.20 The company is up 32% from its price of AU$0.15 on 21 August 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. 공시 • Sep 29
Hills Limited Announces Management Changes On 31 August 2020, the Board of Hills Limited announced that the Chief Financial Officer, Mr. Chris Jacka, would stand down while an independent review was conducted into certain foreign exchange transactions the Company entered into in financial year 2020. Following an extensive review of matters relating to these foreign exchange contracts, it has been decided that Mr. Jacka will leave the company immediately after four years in the role. 공시 • Sep 01
Av-Comm completed the acquisition of STEP electronics satellite business from Hills Limited (ASX:HIL). Av-Comm agreed to a term sheet to acquire STEP electronics satellite business from Hills Limited (ASX:HIL) on November 8, 2019. Post completion of the transaction, STEP will become a division of Av-Comm. STEP will continue to operate as a distinct and successful brand within a more industry-focused company. STEP's staff has been retained. Nash Advisory Pty Ltd represented by Sean O’Neill acted as financial advisor and due diligence provider to Av-Comm.
Av-Comm completed the acquisition of STEP electronics satellite business from Hills Limited (ASX:HIL) in December 2019.