Announcement • May 09Yowie Group Limited (ASX:YOW) proposed to acquire Keybridge Capital Limited (ASX:KBC).Yowie Group Limited (ASX:YOW) proposed to acquire Keybridge Capital Limited (ASX:KBC) on May 9, 2025. The consideration consists of common equity of Yowie Group Limited at a ratio of 1 per common equity of Keybridge Capital Limited. The transaction is subject to approval of offer by acquirer shareholders. The transaction is subject to minimum acceptance shares of 50.1%.
Announcement • Nov 07Keybridge Capital Limited, Annual General Meeting, Nov 29, 2024Keybridge Capital Limited, Annual General Meeting, Nov 29, 2024. Location: roof top conference centre, level 7, 370 st kilda road, melbourne, vic 3004 Australia
New Risk • Sep 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 436% 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 Shares are highly illiquid. High level of non-cash earnings (436% accrual ratio). Market cap is less than US$10m (AU$10.0m market cap, or US$6.71m).