Aankondiging • Jun 03
Supernet Technologies Limited has filed a Follow-on Equity Offering in the amount of PKR 914.765538 million. Supernet Technologies Limited has filed a Follow-on Equity Offering in the amount of PKR 914.765538 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 91,476,554
Price\Range: PKR 10
Transaction Features: Rights Offering New Risk • May 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 16x increase in shares outstanding. 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Minor Risk Market cap is less than US$100m (PK₨5.81b market cap, or US$20.9m). New Risk • May 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (PK₨320.9m market cap, or US$1.15m). Aankondiging • Apr 23
Supernet Technologies Limited to Report Q3, 2026 Results on Apr 30, 2026 Supernet Technologies Limited announced that they will report Q3, 2026 results at 12:30 PM, Pakistan Standard Time on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 41% After last week's 41% share price decline to PK₨71.73, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 15x in the IT industry in Pakistan. Total returns to shareholders of 648% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨126, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 13x in the IT industry in Pakistan. Total returns to shareholders of 1,219% over the past three years. New Risk • Mar 24
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 Pakistani stocks, typically moving 6.0% 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 (6.0% average weekly change). Shareholders have been substantially diluted in the past year (0% increase in shares outstanding). Revenue is less than US$1m (PK₨998k revenue, or US$3.6k). Market cap is less than US$10m (PK₨689.7m market cap, or US$2.47m). Buy Or Sell Opportunity • Mar 24
Now 60% undervalued after recent price drop Over the last 90 days, the stock has fallen 91% to PK₨126. The fair value is estimated to be PK₨313, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 92%. Aankondiging • Feb 20
Supernet Technologies Limited to Report First Half, 2026 Results on Feb 27, 2026 Supernet Technologies Limited announced that they will report first half, 2026 results on Feb 27, 2026 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨1,883, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 22x in the IT industry in Pakistan. Total returns to shareholders of 1,416% over the past three years. Aankondiging • Oct 24
Supernet Technologies Limited to Report Q1, 2026 Results on Oct 30, 2025 Supernet Technologies Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Aankondiging • Oct 08
Supernet Technologies Limited, Annual General Meeting, Oct 28, 2025 Supernet Technologies Limited, Annual General Meeting, Oct 28, 2025. Location: at hotel crown inn located at plot no. 171, off 21, sharah-e-iraq, saddar, karachi Pakistan Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to PK₨1,520, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 24x in the IT industry in Pakistan. Total returns to shareholders of 813% over the past three years. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨985, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 22x in the IT industry in Pakistan. Total returns to shareholders of 20% over the past year. New Risk • Aug 08
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 Pakistani stocks, typically moving 8.5% 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 Revenue is less than US$1m. Market cap is less than US$10m (PK₨401.3m market cap, or US$1.42m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨930, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in Pakistan. Total returns to shareholders of 124% over the past year. Reported Earnings • Mar 13
First half 2025 earnings released: EPS: PK₨58.58 (vs PK₨6.17 in 1H 2024) First half 2025 results: EPS: PK₨58.58 (up from PK₨6.17 in 1H 2024). Net income: PK₨29.3m (up PK₨26.2m from 1H 2024). Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨959, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 24x in the IT industry in Pakistan. Total returns to shareholders of 231% over the past year. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨915, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 26x in the IT industry in Pakistan. Total returns to shareholders of 356% over the past three years. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to PK₨885, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the IT industry in Pakistan. Aankondiging • Oct 11
Hallmark Company Limited, Annual General Meeting, Oct 28, 2024 Hallmark Company Limited, Annual General Meeting, Oct 28, 2024. Location: hotel crown inn located at plot no.171, off 21, sharah - e -iraq saddar, karachi Australia Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to PK₨1,130, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 16x in the IT industry in Pakistan. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to PK₨1,105, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 16x in the IT industry in Pakistan. Total returns to shareholders of 1,015% over the past year. New Risk • Jun 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (PK₨213.6m market cap, or US$767.2k). Minor Risk Profit margins are more than 30% lower than last year (4.4% net profit margin). Board Change • Mar 27
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fabzia Ahsen is the most experienced director on the board, commencing their role in 2023. Independent Director Asad Naqvi 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 board continuity. Lack of experienced directors. Board Change • Dec 21
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fabzia Ahsen is the most experienced director on the board, commencing their role in 2023. Independent Director Asad Naqvi 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 board continuity. Lack of experienced directors. Board Change • Dec 01
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fabzia Ahsen is the most experienced director on the board, commencing their role in 2023. Independent Director Asad Naqvi 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 board continuity. Lack of experienced directors. Board Change • Oct 31
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fabzia Ahsen is the most experienced director on the board, commencing their role in 2023. Independent Director Asad Naqvi 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 board continuity. Lack of experienced directors. Board Change • Sep 08
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fabzia Ahsen is the most experienced director on the board, commencing their role in 2023. Independent Director Asad Naqvi 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 board continuity. Lack of experienced directors. Aankondiging • Aug 20
Supernet Infrastructure Solutions (Private) Limited acquired a 62.84% stake in Hallmark Company Limited (KASE:HCL) Supernet Infrastructure Solutions (Private) Limited acquired a 62.84% stake in Hallmark Company Limited (KASE:HCL) on August 15, 2023.
Supernet Infrastructure Solutions (Private) Limited completed the acquisition of a 62.84% stake in Hallmark Company Limited (KASE:HCL) on August 15, 2023. Board Change • Jun 20
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. Independent Director Jawad Rauf was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 27
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. Independent Director Jawad Rauf was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 15
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. Independent Director Jawad Rauf was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 13
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. Independent Director Jawad Rauf was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 13
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Muhammad Ashfaq is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.