New Risk • Mar 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (AU$8.72m market cap, or US$6.17m). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). New Risk • Feb 28
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: 1.6% Last year net profit margin: 3.0% 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 Risk Market cap is less than US$10m (AU$9.26m market cap, or US$6.59m). Minor Risk Profit margins are more than 30% lower than last year (1.6% net profit margin). New Risk • Feb 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$10.1m (US$7.17m) 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. This is currently the only risk that has been identified for the company. Announcement • Feb 20
RPM Automotive Group Limited to Report First Half, 2026 Results on Feb 26, 2026 RPM Automotive Group Limited announced that they will report first half, 2026 results on Feb 26, 2026 New Risk • Nov 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.86m) 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. This is currently the only risk that has been identified for the company. Announcement • Oct 28
RPM Automotive Group Limited, Annual General Meeting, Nov 26, 2025 RPM Automotive Group Limited, Annual General Meeting, Nov 26, 2025. Location: at 1-7 ausco place, dandenong south, victoria., Australia Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: AU$0.018 (vs AU$0.022 in FY 2024) Full year 2025 results: EPS: AU$0.018. Revenue: AU$112.1m (down 5.2% from FY 2024). Net income: AU$4.64m (up 3.0% from FY 2024). Profit margin: 4.1% (up from 3.8% in FY 2024). The increase in margin was driven by lower expenses. Announcement • Aug 25
RPM Automotive Group Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 RPM Automotive Group Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 New Risk • Feb 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Market cap is less than US$10m (AU$16.0m market cap, or US$9.98m). New Risk • Feb 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.5m (US$9.76m) 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 (38% increase in shares outstanding). Market cap is less than US$10m (AU$15.5m market cap, or US$9.76m). Minor Risk High level of debt (44% net debt to equity). 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: 38% 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 (38% increase in shares outstanding). Minor Risks High level of debt (44% net debt to equity). Market cap is less than US$100m (AU$18.9m market cap, or US$11.8m). Announcement • Oct 24
RPM Automotive Group Limited, Annual General Meeting, Nov 26, 2024 RPM Automotive Group Limited, Annual General Meeting, Nov 26, 2024. Location: 1-7 ausco place, dandenong south, victoria. Australia New Risk • Sep 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$17.7m market cap, or US$12.2m). Reported Earnings • Aug 27
Full year 2024 earnings released: EPS: AU$0.023 (vs AU$0.01 in FY 2023) Full year 2024 results: EPS: AU$0.023 (up from AU$0.01 in FY 2023). Revenue: AU$119.6m (up 12% from FY 2023). Net income: AU$4.72m (up 167% from FY 2023). Profit margin: 3.9% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Jul 26
RPM Automotive Group Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 RPM Automotive Group Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 Announcement • Apr 19
RPM Automotive Group Limited has filed a Follow-on Equity Offering in the amount of AUD 4.011388 million. RPM Automotive Group Limited has filed a Follow-on Equity Offering in the amount of AUD 4.011388 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,510,143
Price\Range: AUD 0.072
Discount Per Security: AUD 0.00396
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,203,578
Price\Range: AUD 0.072
Discount Per Security: AUD 0.00396
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$8.96m) 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Market cap is less than US$10m (AU$14.0m market cap, or US$8.96m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Reported Earnings • Feb 29
First half 2024 earnings released: EPS: AU$0.011 (vs AU$0.008 in 1H 2023) First half 2024 results: EPS: AU$0.011 (up from AU$0.008 in 1H 2023). Revenue: AU$56.9m (up 2.1% from 1H 2023). Net income: AU$2.17m (up 74% from 1H 2023). Profit margin: 3.8% (up from 2.2% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million. RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 510,204
Price\Range: AUD 0.098 Announcement • Nov 09
RPM Automotive Group Limited Reaffirms Earnings Guidance for the Year 2024 RPM Automotive Group Limited reaffirmed earnings guidance for the year 2024. The company reaffirmed revenue between $130 million to $140 million. Announcement • Oct 21
RPM Automotive Group Limited, Annual General Meeting, Nov 22, 2023 RPM Automotive Group Limited, Annual General Meeting, Nov 22, 2023, at 11:00 E. Australia Standard Time. Location: at 1-7 Ausco Place Dandenong South Victoria Australia Agenda: To receive and consider the annual financial report for the financial year ended 30 June 2023, together with the reports by directors and auditors thereon; to consider Adoption of Remuneration Report; to consider Re-election of Director (Mr L Jaffe); to consider Ratification of prior issue of Shares; and to consider other matter also. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$17.8m market cap, or US$11.4m). Announcement • Sep 05
Rpm Automotive Group Limited Announces Appointment of Guy Nicholls as Chief Operating Officer RPM Automotive Group Limited announced that current Non-Executive Director Guy Nicholls will become an Executive Director and take on the role of Chief Operating Officer of the company, effective immediately. Guy joined the RPM Board in August 2022 and has over 30 years in the automotive sector in senior roles spanning strategy, sales, marketing, manufacturing, supply chain, mergers and acquisitions. Of note Guy held senior executive roles with highly successful automotive ASX-listed GUD Holdings (GUD) across 11 years, the last 5 as CEO of Ryco Group in which under his leadership diversified the business through strategic acquisitions, boosting customer and team engagement and delivering exceptional results. He also held executive positions at NYSE-listed Genuine Parts Company (GPC), as Group General Manager for Brand & Product Optimisation Asia Pacific and as General Manager of Store Operations for Repco Auto Parts. Following his time at GPC Guy was General Manager with globally recognised and highly innovative Australian automotive and recreational vehicle electronics manufacturer REDARC. Guy spent 6 years on the Australian Automotive Aftermarket Association (AAAA) Board of Directors during a critical industry period to help introduce choice and support for consumers when enhancing or maintaining vehicles under new vehicle warranty. New Risk • Sep 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$18.5m market cap, or US$12.0m). Reported Earnings • Sep 02
Full year 2023 earnings released: EPS: AU$0.01 (vs AU$0.019 in FY 2022) Full year 2023 results: EPS: AU$0.01 (down from AU$0.019 in FY 2022). Revenue: AU$108.7m (up 38% from FY 2022). Net income: AU$1.77m (down 33% from FY 2022). Profit margin: 1.6% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (2.6% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$19.5m market cap, or US$12.6m). Announcement • Aug 29
RPM Automotive Group Limited to Report Fiscal Year 2023 Results on Aug 31, 2023 RPM Automotive Group Limited announced that they will report fiscal year 2023 results on Aug 31, 2023 Announcement • Jul 04
RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire Chapel Corner Service Centre Pty Limited from Nash Family for AUD 3.3 million. RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire Chapel Corner Service Centre Pty Limited from Nash Family for AUD 3.3 million on July 3, 2023. Under the terms, RPM will pay 50% consideration at completion while remaining 50% in 12 months (plus 60 days) and will comprise 50% cash and 50% in equity. Therefore, an initial payment upon completion of AUD 1.65 million, paid 50% in cash and 50% in equity. For the financial year ending June 30, 2023, Chapel Corner reported revenues of AUD 18.5 million and EBITDA of AUD 0.9 million. The sale and purchase agreement contains standard conditions precedent for completion, and RPM anticipates completing the acquisition on or around September 1, 2023. Reported Earnings • Mar 02
First half 2023 earnings released: EPS: AU$0.008 (vs AU$0.01 in 1H 2022) First half 2023 results: EPS: AU$0.008 (down from AU$0.01 in 1H 2022). Revenue: AU$55.7m (up 62% from 1H 2022). Net income: AU$1.25m (down 5.9% from 1H 2022). Profit margin: 2.2% (down from 3.9% in 1H 2022). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is significantly lagging earnings. Announcement • Dec 21
RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,121,212
Price\Range: AUD 0.165
Discount Per Security: AUD 0.007425
Transaction Features: Subsequent Direct Listing Announcement • Dec 14
RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.499999 million. RPM Automotive Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.499999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,090,904
Price\Range: AUD 0.165
Discount Per Security: AUD 0.0033 Announcement • Dec 06
RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire the inventory and assets of Metro Tyre Services from Metro Tyre Services Pty Ltd for AUD 4.5 million. RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire the inventory and assets of Metro Tyre Services from Metro Tyre Services Pty Ltd for AUD 4.5 million on December 5, 2022. The consideration AUD 2.6m paid on settlement (60%) and two annual instalments of $860K (20% each) in March 2024 and March 2025. Announcement • Dec 05
RPM Automotive Group Limited Provides Earnings Guidance for the Second Half and Full Fiscal Year 2023 RPM Automotive Group Limited provided earnings guidance for the second half and full fiscal year 2023. For second half, the company expected Revenue and earnings to be stronger than the first half, with seasonally higher revenue in second and third quarter.For the year, the company expected revenue to be in the range of $12 million to $13 million. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Guy Nicholls was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2022 earnings released: EPS: AU$0.019 (vs AU$0.023 in FY 2021) Full year 2022 results: EPS: AU$0.019. Revenue: AU$80.3m (up 78% from FY 2021). Net income: AU$2.76m (up 13% from FY 2021). Profit margin: 3.4% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • Aug 18
RPM Automotive Group Limited Appoints Guy Nicholls as an Independent Non-Executive Director RPM Automotive Group Limited announced the appointment of Guy Nicholls as an independent Non-Executive Director, effective immediately. Guy has over 30 years' experience in Senior Executive roles in the automotive sector across strategy design and execution, manufacturing, and supply chain, as well as mergers and acquisitions. Guy was the CEO of Ryco Group, a business unit of ASX 200-listed company GUD Holdings, where he was employed for 11 years. Under Guy's leadership, Ryco Group acquired businesses which were less reliant on internal combustion engines and provided a greater share of wallet with existing and new customers. Guy has also held several executive roles at NYSE-listed Genuine Parts Company, known locally as Repco and Napa Autoparts, as Group General Manager of Brand & Product Optimisation and as General Manager of Store Operations for Repco Auto Parts. More recently, Guy was the Interim General Manager Commercial for 4WD and Caravan industry leader REDARC Electronics. Guy was member of the Australian Automotive Aftermarket Association Board, which played a pivotal role in the recent introduction of legislation known as the Motor Vehicle Information Scheme (MVIS), aimed at helping consumers have a choice when repairing vehicles. Guy has a Graduate Diploma of Business and Administration from RMIT and is a member of the Australian Institute of Company Directors. Announcement • Jul 11
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of AFT Automotive Pty Ltd. RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire AFT Automotive Group for AUD 2.4 million on May 30, 2022. As per the transaction, RPM Automotive Group Limited will pay 50% of the consideration in cash and 50% in shares escrowed for 12 months. The transaction is expected to close on or by early July 2022.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of AFT Automotive Pty Ltd on July 11, 2022. Announcement • May 31
RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire AFT Automotive Group for AUD 2.4 million. RPM Automotive Group Limited (ASX:RPM) entered into a binding agreement to acquire AFT Automotive Group for AUD 2.4 million on May 30, 2022. As per the transaction, RPM Automotive Group Limited will pay 50% of the consideration in cash and 50% in shares escrowed for 12 months. The transaction is expected to close on or by early July 2022. Announcement • May 27
RPM Automotive Group Limited Announces Resignation of Damian Banks as Non-Executive Director RPM Automotive Group Limited received notice from Mr. Damian Banks that he intends to resign as a Non-Executive Director of the company on 30 June 2022. Announcement • May 18
RPM Automotive Group Limited (ASX:RPM) acquired Victoria Wide Tyre Service Pty Ltd for AUD 6.8 million. RPM Automotive Group Limited (ASX:RPM) signed an agreement to acquire Victoria Wide Tyre Service Pty Ltd for AUD 6.8 million on April 5, 2022. RPM will pay AUD 6.8 million for Vic Wide, split 65% in cash and 35% in RPM ordinary shares (escrowed for 12 and 24 months from the issue date) at an issue price equivalent to the weighted average share price over the previous 60 days at the date of settlement. Consideration will be paid 50% on completion and the balance 12 months later. The management teams have been retained in the business. The sale and purchase agreements contain standard completion conditions precedent, and to effectively integrate the businesses. The transaction is expected to complete on May 1, 2022. Funding for the Vic Wide Tyre Service acquisition was sourced from RPM’s internal cash reserves.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Victoria Wide Tyre Service Pty Ltd for AUD 6.8 million on May 16, 2022. Announcement • Apr 27
RPM Automotive Group Limited Revises Earnings Guidance for the Year 2022 RPM Automotive Group Limited revised earnings guidance for the year 2022. For the year, revenue expected to be between $80 million and $85 million against previous guidance of $78 million. Board Change • Apr 27
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Director Lawrence Jaffe is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Damian Banks was the last independent director to join the board, commencing their role in 2021. 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. Announcement • Apr 06
RPM Automotive Group Limited (ASX:RPM) signed an agreement to acquire Victoria Wide Tyre Service Pty Ltd for AUD 6.8 million. RPM Automotive Group Limited (ASX:RPM) signed an agreement to acquire Victoria Wide Tyre Service Pty Ltd for AUD 6.8 million on April 5, 2022. RPM will pay AUD 6.8 million for Vic Wide, split 65% in cash and 35% in RPM ordinary shares (escrowed for 12 and 24 months from the issue date) at an issue price equivalent to the weighted average share price over the previous 60 days at the date of settlement. Consideration will be paid 50% on completion and the balance 12 months later. The management teams have
been retained in the business. The sale and purchase agreements contain standard completion conditions precedent, and to effectively integrate the businesses. The transaction is expected to complete on May 1, 2022. Recent Insider Transactions • Mar 04
Independent Non-Executive Director recently bought AU$52k worth of stock On the 25th of February, Damian Banks bought around 170k shares on-market at roughly AU$0.31 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$93k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.01 (vs AU$0.01 in 1H 2021). Revenue: AU$34.4m (up 86% from 1H 2021). Net income: AU$1.32m (up 50% from 1H 2021). Profit margin: 3.9% (down from 4.8% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Announcement • Feb 21
RPM Automotive Group Limited to Report First Half, 2022 Results on Feb 24, 2022 RPM Automotive Group Limited announced that they will report first half, 2022 results on Feb 24, 2022 Announcement • Feb 02
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Safety Dave Pty. Ltd. RPM Automotive Group Limited (ASX:RPM) entered into an agreement to acquire Safety Dave Pty. Ltd. for AUD 9.5 million on December 20, 2021. Consideration will be paid 70% in cash proceeds from recent convertible notes issue and 30% in the form of RPM shares which will be held in escrow for 12 months. The issue price will be equal to the 30 day VWAP as at 17 December 2021. Consideration will be paid 70% at completion, and 30% on the first anniversary of completion. The cash consideration will be funded from internal cash resources. Safety Dave's valuation is 4.5x of its EBITDA. All staff and management will remain as Safety Dave integrates into RPM. The transaction is subject to standard conditions precedent for completion. The transaction is expected to complete on or by February 1, 2022. The acquisition of Safety Dave is expected to be immediately value and earnings per share accretive.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Safety Dave Pty. Ltd. on February 1, 2022. Announcement • Dec 20
RPM Automotive Group Limited (ASX:RPM) entered into an agreement to acquire Safety Dave for AUD 9.5 million. RPM Automotive Group Limited (ASX:RPM) entered into an agreement to acquire Safety Dave for AUD 9.5 million on December 20, 2021. Consideration will be paid 70% in cash proceeds from recent convertible notes issue and 30% in the form of RPM shares which will be held in escrow for 12 months. The issue price will be equal to the 30 day VWAP as at 17 December 2021. Consideration will be paid 70% at completion, and 30% on the first anniversary of completion. Safety Dave's valuation is 4.5x of its EBITDA. All senior management will remain as Safety Dave integrates into RPM. The transaction is subject to standard conditions precedent for completion. The transaction is expected to complete on or by February 1, 2022. The acquisition of Safety Dave is expected to be immediately value and earnings per share accretive. Executive Departure • Dec 01
Chief Financial Officer Dale Sinnott has left the company During their tenure, the company went from making losses to turning a profit. We don't have any record of a personal shareholding under Dale's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Oct 04
Full year 2021 earnings released: EPS AU$0.023 (vs AU$0.02 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$45.1m (up 39% from FY 2020). Net income: AU$2.45m (up AU$3.96m from FY 2020). Profit margin: 5.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Executive Departure • Oct 03
Executive Director Wei Liu has left the company On the 21st of September, Wei Liu's tenure as Executive Director ended after 1.6 years in the role. As of June 2021, Wei still personally held 8.61m shares (AU$2.9m worth at the time). Wei is the only executive to leave the company over the last 12 months. Executive Departure • Sep 25
Executive Director Wei Liu has left the company On the 21st of September, Wei Liu's tenure as Executive Director ended after 1.6 years in the role. As of June 2021, Wei still personally held 8.61m shares (AU$2.9m worth at the time). Wei is the only executive to leave the company over the last 12 months. Announcement • Sep 06
RPM Automotive Group Limited (ASX:RPM) agreed to acquire Direct Wholesale Tyres for AUD 1.7 million. RPM Automotive Group Limited (ASX:RPM) agreed to acquire Direct Wholesale Tyres for AUD 1.7 million on September 6, 2021. The consideration will be paid in a mix of cash and stock. AUD 1.02 million will be paid in cash while AUD 0.68 million will be paid in stock. Consideration will be paid 60% on completion and the balance on October 1, 2022. Direct Wholesale Tyres generated revenue of AUD 6.5 million in revenue for Fiscal year 2021. The deal is subject to certain standard conditions and is expected to close on or around October 1, 2021. The transaction is earnings per share accretive. Announcement • Aug 19
RPM Automotive Group Limited announced that it expects to receive AUD 8 million in funding from Collins Street Group Pty Ltd, Asset Management Arm, Collins St Asset Management Pty Ltd RPM Automotive Group Limited announced a private placement of 8,333,333 shares at a price of AUD 0.3 per share for proceeds of AUD 2,500,000 and unsecured convertible note for proceeds of AUD 3,500,000 for total gross proceeds of AUD 8,000,000 on August 19, 2021. The transaction will include participation from new investor, Collins St Value Fund,a fund managed by Collins Street Group Pty Ltd, Asset Management Arm and Collins St Asset Management Pty Ltd. The note is convertible at AUD 0.35 per share by the company at its discretion if its share price trades at AUD 0.50 or higher for 30 consecutive days. The note have coupon rate of 3.5% pa quarterly in arrears in cash or shares issued at the 30-day VWAP at the Company’s discretion. Announcement • Aug 06
RPM Automotive Group Limited (ASX:RPM) agreed to acquire Carline Cairns. RPM Automotive Group Limited (ASX:RPM) agreed to acquire Carline Cairns on August 4, 2021. In a related transaction, RPM Automotive Group agreed to acquire Carline Automotive and Revolution Racegear -Townsville. As part of consideration, RPM Automotive Group will pay AUD 0.5 million, with consideration comprising of AUD 0.125 million cash and AUD 0.375 million in RPM shares. The cash payments will be funded from RPM's existing cash reserves. The transaction is subject to standard conditions precedent for completion. The transaction is expected to close on September 1, 2021. Announcement • Aug 05
RPM Automotive Group Limited (ASX:RPM) agreed to acquire Carline Townsville and Revolution Racegear. RPM Automotive Group Limited (ASX:RPM) agreed to acquire Carline Townsville and Revolution Racegear on August 3, 2021. In a related transaction, RPM Automotive Group agreed to acquire Carline Cairns. As part of consideration, RPM Automotive Group will pay AUD 0.5 million for both transactions with consideration comprising of AUD 0.125 million cash and AUD 0.375 million in RPM shares. The cash payments will be funded from RPM's existing cash reserves. The transaction is subject to standard conditions precedent for completion. The transaction is expected to close on September 1, 2021. Announcement • Jul 03
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Super Tyre Mart Pty Ltd and Elite Tyre Group Pty Ltd. RPM Automotive Group Limited (ASX:RPM) agreed to acquire Super Tyre Mart Pty Ltd and Elite Tyre Group Pty Ltd for AUD 1.6 million on April 21, 2021. The consideration includes 70% payment in cash and 30% in equity. Inventory will be vendor financed and paid over 12 months. 80% of the consideration for the acquisition will be paid on 1 July 2021, and the remainder once audited financial statements for FY21 have been prepared and signed. ETG will be integrated into RPM’s Wholesale Tyre Division (Wheels and Tyres), and STM will be integrated into RPM’s Repairs & Roadside Division effective July 1, 2021. The transaction will be funded from the capital raising of January 2021. For the year ending December 31, 220,FY20, ETG and STM generated revenue of AUD 5.6 million and EBITDA of AUD 0.29 million. The transaction is expected to complete on or around June 30, 2021. These acquisitions are value and earnings per share accretive before synergies, and comfortably funded, supporting further sustainable growth.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Super Tyre Mart Pty Ltd and Elite Tyre Group Pty Ltd on July 1, 2021. The transaction were funded by internal cash resources. Announcement • Jun 22
RPM Automotive Group Limited (ASX:RPM) acquired East Coast Tyre Wholesalers (QLD) Pty Limited for AUD 2.6 million. RPM Automotive Group Limited (ASX:RPM) acquired East Coast Tyre Wholesalers (QLD) Pty Limited for AUD 2.6 million on June 21, 2021. Consideration comprising 67.5% cash and 32.5% shares. 50% of the consideration for the acquisition will be paid on 1 September 2021, following a due diligence. The remaining 50% will be paid in two annual instalments of 25% each, within 60 days of the end of FY22 and FY23, once audited financial statements for each financial year have been prepared and signed. Acquisition is funded from RPM Automotive Group Limited recent capital raise. In the year ended 2020, East Coast Tyre Wholesalers (QLD) Pty Limited generated revenue of AUD 6 million and EBITDA of over AUD 0.5 million. The sale and purchase agreement contains standard conditions precedent for completion. Transaction is expected to be completed on or by 1 September 2021. Announcement • Feb 11
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Traralgon Tyre Service Business of C.L.A.S. Pty Ltd. RPM Automotive Group Limited (ASX: RPM) entered into Heads of agreement to acquire Traralgon Tyre Service Business of C.L.A.S. Pty Ltd for AUD 1.5 million on November 10, 2020. The consideration is subject to adjustment and excluding any possible GST. RPM Automotive Group Limited shall pay 50% consideration through shares and 50% through cash (with 80% of the cash component being paid in tranches over 4 year’s subject to certain earn out and profit provisions). For financial year 2020, Traralgon Tyre Service has reported turnover of AUD 4.25 million. Tony Mann will remain on as director of RPM Automotive Group Limited and remain in charge of operations. The transaction will be subject to normal mandatory conditions and a successful due diligence. As of November 10, 2020, the transaction was approved by the Board of Directors of RPM Automotive Group Limited. As of December 17, 2020, the acquisition has passed all necessary conditions as well as the due diligence. As of December 11, 2020, transaction is expected to close in coming weeks. Transaction is expected to close on or by January 29, 2021. Handover / operational control to be effected on February 1, 2021.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Traralgon Tyre Service Business of C.L.A.S. Pty Ltd on February 10, 2021. The agreed business valuation of Traralgon Tyre Service was 3.8 times of EBITDA. Traralgon Tyre Service Business of C.L.A.S. Pty Ltd reported EBITDA of AUD 0.37 million for the financial year ended June 30, 2020. Traralgon Tyre Service's revenue is expected to swell to AUD 5.5 million in FY21, and to AUD 6.5 million in FY2022 with the recent securing of specific contracts in Regional Victoria. Is New 90 Day High Low • Feb 08
New 90-day high: AU$0.29 The company is up 29% from its price of AU$0.23 on 10 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: AU$0.24 The company is up 9.0% from its price of AU$0.22 on 22 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is up 1.0% over the same period. Announcement • Nov 11
RPM Automotive Group Limited (ASX: RPM) entered into an agreement to acquire Traralgon Tyre Service Business from C.L.A.S. Pty Ltd for AUD 1.5 million. RPM Automotive Group Limited (ASX: RPM) entered into an agreement to acquire Traralgon Tyre Service Business from C.L.A.S. Pty Ltd for AUD 1.5 million on November 10, 2020. The consideration is subject to adjustment and excluding any possible GST. RPM Automotive Group Limited shall pay 50% consideration through shares and 50% through cash (with 80% of the cash component being paid in tranches over 4 year’s subject to certain earn out and profit provisions). For financial year 2020, Traralgon Tyre Service has reported turnover of AUD 4.25 million. The transaction will be subject to normal mandatory conditions and a successful due diligence. Announcement • Nov 10
RPM Automotive Group Limited (ASX:RPM) entered into an agreement to purchase Traralgon Tyre Service for approximately AUD 1.47 million. RPM Automotive Group Limited (ASX:RPM) entered into an agreement to purchase Traralgon Tyre Service for approximately AUD 1.47 million on November 10, 2020. The purchase price of AUD 1.47 million is subject to adjustments and excludes any possible Goods & Services Taxes and is made up of 50% script and 50% cash (with 80% of the cash component being paid in tranches over 4 year’s subject to certain earn out and profit provisions). As per agreement, RPM Automotive Group will acquire all assets of Traralgon Tyre Service. For the financial year 2020, Traralgon Tyre Service reported revenue of $4.25 million with a normalized EBITDA of 9%. The agreed business valuation of, Traralgon Tyre Service was 3.8 x EBITDA. The transaction will be subject to normal mandatory conditions and a successful due diligence. As of November 10, 2020, the transaction was approved by the Board of Directors of RPM Automotive Group Limited. Announcement • Sep 04
RPM Automotive Group Limited (ASX:RPM) acquired Gully Mobile Tyres Pty Ltd for AUD 0.16 million. RPM Automotive Group Limited (ASX:RPM) acquired Gully Mobile Tyres Pty Ltd for AUD 0.16 million on September 4, 2020. Under the terms of transaction, RPM will pay AUD 35,000 in cash and will issue 680,851 shares of RPM. The transaction was approved by board of RPM Automotive Group Limited and all the conditions of the sale and purchase agreement have completed. This acquisition was relatively small is strategically significant as it compliments a number of our subsidiaries and provides RPM with further control of our supply chain.
RPM Automotive Group Limited (ASX:RPM) completed the acquisition of Gully Mobile Tyres Pty Ltd on September 4, 2020.