Aankondiging • Nov 18
PayGroup Limited Announces Changes to its Board of Directors PayGroup Limited announced that with effect from November 18, 2022: the current directors of the Company (other than Mark Samlal), namely Ian Basser, David Fagan, Franck Neron-Bancel and Shane Gild have resigned as directors; and Jacob Gates and Shannon Karaka have been appointed as directors. Aankondiging • Nov 09
Deel, Inc. completed the acquisition of PayGroup Limited. Deel, Inc. entered into a Scheme Implementation Agreement to acquire PayGroup Limited for approximately AUD 120 million on April 23, 2022. Under the terms, Deel, Inc. will acquire all shares of PayGroup at a price of AUD 1.00 per share. Transaction is subject to approval of PayGroup shareholder approval and Court approval. PayGroup Board unanimously recommends that shareholders vote in favor of the scheme. Transaction is expected to be implemented in October 2022. As of August 29, 2022, Federal Court of Australia has approved the dispatch of a scheme booklet with respect to a proposed scheme of arrangement. As of September 30, 2022, PayGroup shareholders approved the proposed Scheme of Arrangement. As of November 9, 2022, the scheme has been approved by the Federal Court of Australia. Deloitte Corporate Finance as financial advisor and K&L Gates as legal advisor to PayGroup.
Deel, Inc. completed the acquisition of PayGroup Limited on November 9, 2022. Aankondiging • Aug 30
PayGroup Limited, Annual General Meeting, Sep 30, 2022 PayGroup Limited, Annual General Meeting, Sep 30, 2022, at 10:01 E. Australia Standard Time. Location: The offices of K & L Gates Level 25, 525 Collins Street Melbourrne Victoria Australia Agenda: To consider adoption of remuneration report; to consider re-election of Franck Neron-Bancel as a Director; to approve 10 percent additional capacity; to consider issue of shares to the managing director; and to consider other matters. Reported Earnings • Jul 03
Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.007 loss in FY 2021) Full year 2022 results: AU$0.003 loss per share (up from AU$0.007 loss in FY 2021). Revenue: AU$26.2m (up 68% from FY 2021). Net loss: AU$357.8k (loss narrowed 30% from FY 2021). Over the next year, revenue is forecast to grow 21%, compared to a 43% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2021) Full year 2022 results: EPS: AU$0.001 (up from AU$0.007 loss in FY 2021). Revenue: AU$27.2m (up 74% from FY 2021). Net income: AU$93.7k (up AU$604.4k from FY 2021). Profit margin: 0.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 46% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Aankondiging • May 25
PayGroup Limited to Report Fiscal Year 2022 Results on May 31, 2022 PayGroup Limited announced that they will report fiscal year 2022 results on May 31, 2022 Aankondiging • Apr 27
PayGroup Limited Provides Revenue Guidance for the Year 2022 PayGroup Limited provided revenue guidance for the year 2022. The company expects statutory revenue guidance of AUD 26.6 million representing expected organic growth of 66% on previous corresponding period (pcp). Breakeven Date Change • Mar 31
Forecast breakeven date pushed back to 2023 The analyst covering PayGroup previously expected the company to break even in 2022. New forecast suggests the company will make a profit of AU$2.30m in 2023. Average annual earnings growth of 143% is required to achieve expected profit on schedule. Reported Earnings • Dec 03
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: AU$0.002 (down from AU$0.006 in 1H 2021). Revenue: AU$12.0m (up 76% from 1H 2021). Net income: AU$228.1k (down 49% from 1H 2021). Profit margin: 1.9% (down from 6.5% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 780%. Earnings per share (EPS) missed analyst estimates by 780%. Over the next year, revenue is forecast to grow 40%, compared to a 31% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Nov 29
PayGroup Limited Provides Revenue Guidance for Full Year 2022 PayGroup Limited provided revenue guidance for the full year 2022. The company expects statutory revenue guidance of AUD 26 million. Reported Earnings • Jun 01
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$16.0m (up 59% from FY 2020). Net loss: AU$510.7k (loss narrowed 75% from FY 2020). Aankondiging • May 19
PayGroup Limited (ASX:PYG) completed the acquisition of Integrated Workforce Solutions Pty Ltd. PayGroup Limited (ASX:PYG) entered into an agreement to acquire Integrated Workforce Solutions Pty Ltd for AUD 15.3 million on March 31, 2021. Pursuant to the terms, initial consideration of $12.75 million is payable partially in cash of AUD 8.4 million and the balance in PayGroup shares of AUD 4.35 million and a performance earn-out of AUD 2.55 million is payable upon the achievement of key performance metrics in FY22 and FY23. The earn out consideration is payable in shares of PayGroup. All shares issued in consideration for Integrated Workforce Solutions will be subject to a 24-month escrow period from the date of issue. On April 13, 2021, PayGroup Limited entered into an agreement to acquire Integrated Workforce Solutions Pty Ltd for AUD 17.3 million. The first tranche of initial consideration amounting to AUD 7.65 million will be paid on completion of the acquisition as to AUD 4.97 million will be paid in cash and AUD 2.68 million will be paid through issuance of shares. The second tranche of the initial consideration amounting to AUD 7.35 million will be paid in two payments in or around September 2021 and December 2021, with around 65% of the second tranche consideration being paid in cash in or around September 2021 and an amount equal to 35% of the second tranche will be paid by the issue of shares in or around December 2021. The earn out consideration will be capped at AUD 1.5 million for each of two years for financial year 2022 and 2023. The earnout consideration will be paid in shares. 3.9 million shares will be issued as second tranche share consideration and 4.56 million shares will be paid as deferred consideration. The cash consideration will be financed from the proceeds of capital raising of AUD 15 million.
Integrated Workforce Solutions reported revenues of AUD 4.8 million for the year ending June 30, 2020. A meeting of shareholders of PayGroup Limited will be held on May 31, 2021 to approve the issuance of consideration shares. The employees of Integrated Workforce Solution will remain employed by PayGroup Limited. The transaction is subject to shareholders of PayGroup Limited approving the shares issuance, PayGroup Limited raising atleast AUD 9.75 million pursuant to placement, certain key employees of IWS entering into new employment contracts, no material breach of any warranties and any required regulatory approvals being obtained. If any condition precedent is not satisfied (or waived) by May 31, 2021, any party to the agreement may elect to terminate it. The Vesparum Capital is acting as financial advisor to PayGroup. As of April 21, 2021, PayGroup secured binding commitments from new and existing investors to raise AUD 15 million and announced a share purchase plan for eligible shareholders to raise approximately AUD 1 million. As of May 13, 2021, issue of Securities, issue of Tranche 2 Placement Shares has been approved. In addition to the IWS acquisition, PayGroup intends to use the proceeds to fund, investment in additional sales capabilities; investment in automation and artificial intelligence to enhance margins; and working capital and transaction costs.
PayGroup Limited (ASX:PYG) completed the acquisition of Integrated Workforce Solutions Pty Ltd on May 18, 2021. Aankondiging • May 01
PayGroup Limited has completed a Follow-on Equity Offering in the amount of AUD 1.0024 million. PayGroup Limited has completed a Follow-on Equity Offering in the amount of AUD 1.0024 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,790,000
Price\Range: AUD 0.56 Is New 90 Day High Low • Jan 06
New 90-day high: AU$0.68 The company is up 21% from its price of AU$0.56 on 08 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 16% over the same period. Reported Earnings • Nov 26
First half 2021 earnings released: EPS AU$0.006 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$6.83m (up 100% from 1H 2020). Net income: AU$444.0k (up AU$1.89m from 1H 2020). Profit margin: 6.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Price Target Changed • Nov 25
Price target lowered to AU$0.84 Down from AU$1.08, the current price target is provided by 1 analyst. The new target price is 49% above the current share price of AU$0.56. As of last close, the stock is down 20% over the past year. Aankondiging • Nov 20
PayGroup Limited to Report First Half, 2021 Results on Nov 24, 2020 PayGroup Limited announced that they will report first half, 2021 results on Nov 24, 2020 Aankondiging • Nov 05
PayGroup Limited (ASX:PYG) entered into an agreement to acquire Payroll HQ Pty Limited for AUD 3.5 million. PayGroup Limited (ASX:PYG) entered into an agreement to acquire Payroll HQ Pty Limited for AUD 3.5 million on November 4, 2020. Under he agreement, PayGroup Limited shall issue 4.12 million shares as consideration. In additional to this, PayGroup Limited will also issue shares equal to AUD 1.28 million if specific level of revenue is achieved till June 30, 2021. All new shares issued in relation to the transaction and earn out will be subject to an escrow period of 24 months. The agreement is subject to customary completion conditions. This follows an extensive and thorough due diligence process undertaken by PayGroup Limited. Aankondiging • Nov 02
Paygroup Limited Appoints Shane Gild to Board of Directors as Non-Executive Director PayGroup Limited announced Mr. Shane Gild's appointment to the Company's Board of Directors as a Non-Executive Director, effective immediately. Shane's appointment reinforces PayGroup's commitment to its current growth strategy. Having recently left the Corporate Finance team at Canaccord Genuity, Shane has worked with a number of ASX emerging growth companies and institutional investors over his career. Is New 90 Day High Low • Nov 02
New 90-day low: AU$0.53 The company is down 29% from its price of AU$0.75 on 04 August 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 17% over the same period. Aankondiging • Oct 16
PayGroup Signs New Contract with Volvo Group Singapore PayGroup Limited announced that it has signed a three year contract ("Contract") with Volvo Group Singapore (Pte.) Ltd. (Volvo), with a total contract value ("TCV") of $120,000. The Contract will see PayGroup provide Volvo with a number of SaaS HCM modules including: Core HR, E Leave, E Claims, and E Time (including GPS enabled clock in & out). PayGroup will also supply its Software- with-a-Service (SwaS) payroll offering as part of the Contract. The signing of the Contract demonstrates the rapid progress PayGroup has made in integrating the recently acquired TalentOz's broad portfolio of HCM technology with its SwaS payroll offering, which are now being provided as a seamless and integrated customer experience and user-interface. The winning of the Contract also reflects the success of PayGroup's sales and marketing team in selling the full service portfolio suite. Is New 90 Day High Low • Oct 16
New 90-day low: AU$0.54 The company is down 34% from its price of AU$0.81 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 24% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: AU$0.57 The company is down 31% from its price of AU$0.82 on 26 June 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 14% over the same period.