New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 23% 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 (23% average weekly change). Market cap is less than US$10m (AU$11.2m market cap, or US$7.74m). Minor Risk Large one-off items impacting financial results. New Risk • Apr 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.0m (US$9.31m) 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 Risk Market cap is less than US$10m (AU$13.0m market cap, or US$9.31m). Minor Risk Large one-off items impacting financial results. New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.5m (US$9.97m) 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 Risk Market cap is less than US$10m (AU$14.5m market cap, or US$9.97m). Minor Risk Large one-off items impacting financial results. Aankondiging • Mar 03
Novatti Group Limited to Report First Half, 2026 Results on Feb 27, 2026 Novatti Group Limited announced that they will report first half, 2026 results on Feb 27, 2026 Board Change • Dec 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Kenneth Lai was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 15
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: AUD 0.0275
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 13
Novatti Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Novatti Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: AUD 0.0275
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Director Killian Murphy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 29
Full year 2025 earnings released: AU$0.018 loss per share (vs AU$0.046 loss in FY 2024) Full year 2025 results: AU$0.018 loss per share (improved from AU$0.046 loss in FY 2024). Revenue: AU$50.5m (up 24% from FY 2024). Net loss: AU$8.26m (loss narrowed 47% from FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Sep 24
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 15% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Negative equity (-AU$879k). Earnings have declined by 6.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$21.4m market cap, or US$14.1m). Aankondiging • Sep 16
Novatti Group Limited, Annual General Meeting, Nov 25, 2025 Novatti Group Limited, Annual General Meeting, Nov 25, 2025. Aankondiging • Sep 04
Cgp Equity Pty Ltd acquired Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) for AUD 0.50 million. Cgp Equity Pty Ltd acquired Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) for AUD 0.50 million on September 3, 2025. A cash consideration of AUD 0.5 million will be paid by Cgp Equity Pty Ltd. As part of consideration, AUD 0.5 million is paid towards common equity of Emersion Systems Pty. Ltd. The agreement provides for adjustments for staff retention bonuses and the retention of a net cash balance in the business of at least AUD 175,000 for working capital purposes. Post-completion obligations include the novation of US customer contracts (as the US based subsidiary did not form part of the sale and will be wound up in due course). The agreement otherwise contains provisions customary for a transaction of this nature, including for warranties, representations and indemnities; confidentiality; and non-competition/solicitation.
Cgp Equity Pty Ltd completed the acquisition of Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) on September 3, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.017 loss per share (vs AU$0.05 loss in FY 2024) Full year 2025 results: AU$0.017 loss per share (improved from AU$0.05 loss in FY 2024). Revenue: AU$54.2m (up 26% from FY 2024). Net loss: AU$8.26m (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.7m (US$9.78m) 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 Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (AU$15.7m market cap, or US$9.78m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$15m). New Risk • Mar 02
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$15m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$15m). Market cap is less than US$100m (AU$16.2m market cap, or US$10.1m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$16.4m market cap, or US$10.2m). Aankondiging • Dec 09
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.024503 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.024503 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,612,567
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 28
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.0075 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.0075 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,187,500
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Rights Offering Reported Earnings • Oct 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: AU$0.05 loss per share (improved from AU$0.068 loss in FY 2023). Revenue: AU$42.9m (up 10% from FY 2023). Net loss: AU$17.0m (loss narrowed 26% from FY 2023). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 133%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. New Risk • Sep 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% 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 (18% average weekly change). Negative equity (-AU$394k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$14m). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (AU$29.2m market cap, or US$19.9m). Aankondiging • Sep 23
Novatti Group Limited, Annual General Meeting, Nov 26, 2024 Novatti Group Limited, Annual General Meeting, Nov 26, 2024. Major Estimate Revision • Sep 05
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$53.6m to AU$44.0m. EPS estimate fell from AU$0.003 to AU$0.002 per share. Net income forecast to grow 95% next year vs 53% growth forecast for Software industry in Australia. Consensus price target down from AU$0.28 to AU$0.25. Share price rose 7.8% to AU$0.055 over the past week. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$394k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-AU$394k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$14m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (AU$17.8m market cap, or US$12.0m). Aankondiging • Jul 25
Eurus Capital Pty Ltd entered into a binding agreement to acquire IBOA Group Holdings Pty Ltd from Novatti Group Limited (ASX:NOV) for AUD 2.9 million. Eurus Capital Pty Ltd entered into a binding agreement to acquire IBOA Group Holdings Pty Ltd from Novatti Group Limited (ASX:NOV) for AUD 2.9 million on July 25, 2024. A cash consideration of AUD 2.87 million will be paid by Eurus Capital Pty Ltd. As part of the consideration, Eurus Capital Pty Ltd will acquire 36.7 million shares of IBOA Group Holdings Pty Ltd. New Risk • Jun 11
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 12% 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: Major Risk Market cap is less than US$10m (AU$14.9m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). New Risk • Jun 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.70m) 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 Risk Market cap is less than US$10m (AU$14.6m market cap, or US$9.70m). Minor Risk Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Breakeven Date Change • Apr 19
No longer forecast to breakeven The analyst covering Novatti Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.20m in 2025. New forecast suggests the company will make a loss of AU$100.0k in 2026. New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% 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 Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (AU$19.8m market cap, or US$12.9m). Aankondiging • Mar 01
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.822503 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.822503 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,708,376
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options Aankondiging • Nov 17
An unknown buyer agreed to acquire 19.9% stake in Reckon Limited (ASX:RKN) from Novatti Group Limited (ASX:NOV) for AUD 8.9 million. An unknown buyer agreed to acquire 19.9% stake in Reckon Limited (ASX:RKN) from Novatti Group Limited (ASX:NOV) for AUD 8.9 million on November 16, 2023. Under the terms, each share shall be sold at AUD 0.40 per share. Settlement of the sale is expected to occur on November 17, 2023. Reported Earnings • Oct 02
Full year 2023 earnings released: AU$0.078 loss per share (vs AU$0.051 loss in FY 2022) Full year 2023 results: AU$0.078 loss per share (further deteriorated from AU$0.051 loss in FY 2022). Revenue: AU$39.0m (up 20% from FY 2022). Net loss: AU$26.3m (loss widened 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 06
Novatti Group Limited, Annual General Meeting, Nov 28, 2023 Novatti Group Limited, Annual General Meeting, Nov 28, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.078 loss per share (vs AU$0.051 loss in FY 2022) Full year 2023 results: AU$0.078 loss per share (further deteriorated from AU$0.051 loss in FY 2022). Revenue: AU$55.3m (up 70% from FY 2022). Net loss: AU$26.3m (loss widened 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. 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 Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$38.9m market cap, or US$25.3m). Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.038 loss per share (vs AU$0.031 loss in 1H 2022) First half 2023 results: AU$0.038 loss per share (further deteriorated from AU$0.031 loss in 1H 2022). Revenue: AU$34.8m (up 206% from 1H 2022). Net loss: AU$12.9m (loss widened 30% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Aankondiging • Jan 24
Novatti Group Limited Announces the Resignation of Steven Stamboultgis as Joint Company Secretary, Effective by the End of March 2023 Novatti Group Limited announced that the company's Chief Financial Officer and Joint Company Secretary, Steven Stamboultgis has tendered his resignation effective by the end of March 2023 after the Company lodges its half yearly reviewed financial accounts for the period ended 31 December 2022. Steven has been with the Company since before listing on the ASX and has been a key member of the Company's leadership team since then. Aankondiging • Jan 23
Novatti Group Limited Announces the Resignation of Steven Stamboultgis as Chief Financial Officer, Effective by the End of March 2023 Novatti Group Limited announced that the company's Chief Financial Officer and Joint Company Secretary, Steven Stamboultgis has tendered his resignation effective by the end of March 2023 after the Company lodges its half yearly reviewed financial accounts for the period ended 31 December 2022. Steven has been with the Company since before listing on the ASX and has been a key member of the Company's leadership team since then. Aankondiging • Dec 28
Novatti Group Limited Announces the Resignation of Abigail Cheadle as Director Novatti Group Limited announced the resignation of director Abigail Cheadle. Ms. Cheadle has resigned to focus on her other business interests. Aankondiging • Oct 13
Novatti Group Limited Appoints Killian Murphy as A Non-Executive Director Novatti Group Limited announced the appointment of Killian Murphy as a non-executive director of the Company, effective from 13 October 2022. Mr. Murphy is a Stockbroker with more than 15 years of experience working in capital markets across Ireland, UK, US and Australia. He recently joined MST Financial, a research driven full service Stockbroker servicing domestic and international institutional investors. Prior role includes Head of Industrials for Petra Capital as well as CIMB Australia and Davy (UK and Ireland). During this time, he has worked with a number of established and emerging tech and payments companies, assisting them in crafting their message for institutional investors and accessing growth capital. Mr. Murphy holds a Master of Arts (Economics) and a Bachelor of Arts (Hons) in Economics from University College Dublin, National University of Ireland. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.051 loss per share (vs AU$0.052 loss in FY 2021) Full year 2022 results: AU$0.051 loss per share. Revenue: AU$34.4m (up 87% from FY 2021). Net loss: AU$16.6m (loss widened 41% from FY 2021). Reported Earnings • Mar 06
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.031 loss per share (down from AU$0.014 loss in 1H 2021). Revenue: AU$11.4m (up 55% from 1H 2021). Net loss: AU$9.92m (loss widened 218% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 14
Novatti Group Limited (ASX:NOV) completed the acquisition of ATX (M) Sdn Bhd. Novatti Group Limited (ASX:NOV) agreed to acquire ATX (M) Sdn Bhd for AUD 9.5 million on October 20, 2021. The total consideration is minimum of approximately AUD 8.4 million up to AUD 9.9 million, payable in cash and Novatti fully paid ordinary shares in two components: (i) initial consideration at completion by way of a cash payment of AUD 3.96 million and the issue of 3,600,000 Novatti shares with a value equivalent to AUD 1.98 million at an issue price of AUD 0.55 per share. These shares will be subject to a two-year escrow period from their date of issue (ii) deferred consideration, payable in two cash instalments following the first and second calendar years post completion, at a minimum aggregate payment of approximately AUD 2.475 million, with potential under an earn out to increase up to an aggregate of approximately AUD 3.96 million if specified revenue targets are reached. The eligibility of the ATX founders and majority shareholders to receive deferred consideration is also subject to their ongoing employment. Under the terms of the acquisition agreement, Novatti will acquire all of the issued share capital of ATX Fintech. ATX generated normalised revenue of AUD 3 million EBITDA of AUD 0.6 million in financial year ended June 30, 2021. ATX’s strong leadership team, including its founders K. Sashi Kumar, who hold the positions of CEO and Director – Strategy, and who will remain employed post-acquisition, ensuring continuity. The agreement remains conditional upon finalising due diligence and, among other things, ATX obtaining requisite consents and approvals required in connection with acquisition. Completion is expected to occur by the end of November 2021.
Novatti Group Limited (ASX:NOV) completed the acquisition of ATX (M) Sdn Bhd on January 14, 2022. Recent Insider Transactions Derivative • Jan 06
Founder exercised options to buy AU$483k worth of stock. On the 31st of December, Peter Cook exercised options to buy 2m shares at a strike price of around AU$0.19, costing a total of AU$317k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. As of today, Peter currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Executive Departure • Sep 03
Non-Executive Director Paul Burton has left the company On the 2nd of September, Paul Burton's tenure as Non-Executive Director ended after 5.3 years in the role. We don't have any record of a personal shareholding under Paul's name. Paul is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 9.17 years. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.052 loss per share (vs AU$0.064 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$18.4m (up 55% from FY 2020). Net loss: AU$11.8m (loss widened 7.8% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Aankondiging • Aug 27
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,727,273
Price\Range: AUD 0.55
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 15
Novatti Group Limited (ASX:NOV) completed the acquisition of 19.9% stake in Reckon Limited (ASX:RKN) from institutional investors for AUD 22.5 million. Novatti Group Limited (ASX:NOV) entered into a share purchase agreement to acquire 15% stake in Reckon Limited (ASX:RKN) from institutional investors for approximately AUD 17 million on June 30, 2021. As reported, Novatti Group Limited will acquire an equity interest of at least approximately 15% in Reckon Limited or approximately 17 million Reckon shares at a price of AUD 1.00 per Reckon share. Novatti Group Limited will use part of the proceeds of capital raising to fund the acquisition. The acquisition is subject to completion of a capital raising. The deal is expected to be completed by August 2, 2021.
Novatti Group Limited (ASX:NOV) completed the acquisition of 19.9% stake in Reckon Limited (ASX:RKN) from institutional investors for AUD 22.5 million on July 13, 2021. Aankondiging • Jul 03
Novatti Group Limited announced that it expects to receive AUD 40 million in funding Novatti Group Limited announced it has received a firm commitment for private placement of 72,727,273 common shares at a price of AUD 0.55 per common share for gross proceeds of AUD 40,000,000 on July 1, 2021. The placement will take place in two tranches including 51,120,472 shares without shareholder approval will be issued in first tranche under ASX Listing Rules 7.1 and 7.1A and 21,606,801 shares subject to shareholder approval will be issued in second tranche. The transaction will include participation from sophisticated and institutional investors in Australia and overseas. The settlement of shares issued under first tranche is expected to occur on July 8, 2021, and issuance is expected to occur on or around July 9, 2021 and the settlement of shares under second tranche is expected to occur shortly after August 18, 2021 and issuance is expected to occur on or around August 24, 2021. Aankondiging • Jul 01
Novatti Group Limited (ASX:NOV) entered into a share purchase agreement to acquire a stake in Reckon Limited (ASX:RKN) from institutional investors for approximately AUD 17 million. Novatti Group Limited (ASX:NOV) entered into a share purchase agreement to acquire 15% stake in Reckon Limited (ASX:RKN) from institutional investors for approximately AUD 17 million on June 30, 2021. As reported, Novatti Group Limited will acquire an equity interest of at least approximately 15% in Reckon Limited or approximately 17 million Reckon shares at a price of AUD 1.00 per Reckon share. Novatti Group Limited will use part of the proceeds of capital raising to fund the acquisition. The acquisition is subject to completion of a capital raising. Aankondiging • May 04
Novatti Group Limited announced that it expects to receive AUD 3 million in funding Novatti Group Limited (ASX:NOV) announced a private placement of 6,833,713 common shares at an issue price of AUD 0.439 per share for gross proceeds of AUD 3,000,000 on May 3, 2021. The transaction will include participation from BC Invest consortium including Far East Consortium International Limited and senior management. The transaction is expected to close on May 10, 2021. Aankondiging • Mar 15
Novatti Group Limited Appoints Steven Stamboultgis Company Secretary Novatti Group Limited appointed Steven Stamboultgis Company Secretary. Ian Hobson remains Company Secretary. Aankondiging • Mar 12
Lifepay Moves to Commercial Launch Novatti Group Limited announce that Lifepay, the new, innovative fintech platform that leverages Novatti's technology and licences, is moving to a full commercial launch following the success of its soft launch. Lifepay's integrated financial platform enables users to manage their daily life transactions, personal and social finances simply and effectively from their mobile device. In doing so, it provides consumers with access to the latest technology in banking and payments. Lifepay's planned soft launch for up to 200 consumers was expanded to 300 participants over the past few weeks due to strong demand. In addition, Lifepay has seen interest in the platform from significant retailer groups and consumers channels. As part of the application, Lifepay consumers go through a compliance check and then are issued a prepaid Visa card from Novatti into their digital wallet. This prepaid Visa card
ensures that the Lifepay digital wallet has near ubiquitous access to Australian merchants. This strong demand has supported Lifepay's move to full commercial launch, with planning also underway to
expand Lifepay's services to include international money transfers and value added merchant services. The
longer term roadmap includes connectivity to additional fintech services and value add consumer services. Aankondiging • Feb 25
Novatti Group Limited Announce the Launch of Lifepay Novatti Group Limited announced the launch of Lifepay, a new, innovative fintech platform that leverages Novatti's technology and licences, while further extending Novatti's B2C reach. Lifepay's integrated financial platform enables users to manage their daily life transactions, personal and social finances simply and effectively from their mobile device. In doing so, it provides consumers with access to the latest technology in banking and payments. Lifepay's services include: Digital banking - with transactional bank accounts, access to Visa Prepaid cards, real-time fund transfers; Payments providing access to multiple payment methods, such as QR codes, Tap and Go and P2P transfer, as well as bill payments (such as BPAY) through card or mobile; Socialising connecting friends and family financially without the need for bank details, enabling easy funds transfers. Lifepay is currently conducting a soft launch for up to 200 consumers, with a full commercial launch planned for early March 2021. Lifepay's services are expected to then be extended to include international transfers and connectivity to investment and lending platforms over the following six months. In addition to benefiting as a shareholder from future growth in the platform, Novatti will also earn fees from activity on the Lifepay platform, including compliance services, cross border payments, payment acquiring, and the issuing of Visa Prepaid cards, depending on take up of the service. Lifepay will also act as a channel partner for other Novatti products and services and as a potential customer acquisition channel for Novatti's banking business, with its application for a restricted banking licence currently being assessed by the Australian Prudential Regulation Authority (APRA). Is New 90 Day High Low • Feb 15
New 90-day high: AU$0.36 The company is up 41% from its price of AU$0.26 on 17 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Aankondiging • Jan 22
Novatti Group Limited Announces Its Visa Prepaid Card Now Supported by Apple Pay Novatti Group Limited announced that its Visa Prepaid cards are now supported by Apple Pay. This will enable Novatti's clients to use Apple's global payments platform, Apple Pay, to make purchases in store, in apps, and online using their Apple device, with their payment card stored conveniently and securely in Apple's Wallet. Novatti offers physical and digital Visa Prepaid cards in Australia after being awarded a Principal Issuer Licence by Visa in September 2019. The extension of Novatti's Visa Prepaid cards to Apple Pay follows extensive testing and integration work having been completed, providing another validation of the quality of Novatti's offering. Novatti joins the major Australian banks, including ANZ, Commonwealth Bank of Australia, NAB, and Westpac, in being supported by Apple Pay. Aankondiging • Jan 21
Novatti Group Limited Announces That It Has Been Licences by Visa to Issue Cards in New Zealand Novatti Group Limited announced that it has been licenced by Visa to issue cards in New Zealand. This marks an expansion of the company's existing partnership with Visa, after being awarded a Principal Issuer Licence in Australia in September 2019, which enabled the company to issue physical and digital Visa Prepaid cards. This partnership has already seen the company launch multiple new, innovative fintech and financial products to market through an affordable, API driven, Visa card program. In October last year, the company obtained the necessary approval from New Zealand's regulators to launch its card issuing business in that market and has acted quickly to develop this new capability with Visa. Aankondiging • Oct 03
Novatti Group Limited Announces the Launch of its Digital Payments Accelerator Novatti Group Limited announced the launch of its Digital Payments Accelerator. The Digital Payments Accelerator extends Novatti's Visa Issuing white label programs to meet the needs of: Startups and innovators to bring their innovative fintech and financial products to market quicker, and to test their products in a controlled way before launch, driving increased innovation in the payments sector Established businesses to access an affordable, off-the-shelf, Visa payments solution to meet market demand for these facilities The demand from consumers for cashless payment facilities is growing rapidly. In 2019, card payments already represented 63% of consumer payments compared to cash at 27%. Post- COVID-19, this shift to cashless payments is only expected to accelerate. Novatti will deliver this solution as a service, providing access to Visa's world-class payments infrastructure and capabilities without the significant upfront investment ordinarily required. Novatti's Digital Payments Accelerator involves a simple three-stage process, including a proof of concept, build and test, then launch. Available capabilities and features include: Visa virtual and physical payment cards. Universal, omni-channel merchant access, with full in-store and online payment. functionality. Web portals. andbox testing environments. APIs. Program, tech and card management support, including fraud management, and ledger. management for account balances. The Digital Payments Accelerator leverages Novatti's existing technology and extensive. regulatory licences and agreements, which include a Visa Principal Issuing Licence and an Australian Financial Services Licence held by its subsidiary, Flexewallet. Novatti's $10.2 million capital raising earlier this year played an important role in delivering this new initiative, another practical example of how Novatti will use these funds to accelerate its growth strategy. Pre-launch demand has already validated the need for this initiative, including for innovative products such as `Just in Time' or 'Point of Sale' financing, distribution of social benefits, and digital wallets. Current projects include a network to provide consumer digital wallets along with solutions enabling immediate payment to couriers and to provide controlled welfare payments to people in urgent need of assistance. Novatti will receive program development fees and ongoing processing fees based on transaction volumes. Card accounts will be pre-funded by customers, alleviating Novatti from this funding obligation and credit risk.