Board Change • Jan 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Frank Lesko was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Frank Lesko was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 31
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$102k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-AU$8.0m). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (AU$3.62m market cap, or US$2.37m). Minor Risk Significant insider selling over the past 3 months (AU$102k sold). Announcement • Oct 28
Oldfields Holdings Limited, Annual General Meeting, Nov 28, 2025 Oldfields Holdings Limited, Annual General Meeting, Nov 28, 2025. Location: oldfields offices, 25 helles ave, moorebank, nsw 2170 Australia New Risk • Oct 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.0m This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Negative equity (-AU$8.0m). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (AU$4.47m market cap, or US$2.96m). Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.02 loss per share (vs AU$0.044 loss in FY 2024) Full year 2025 results: AU$0.02 loss per share (improved from AU$0.044 loss in FY 2024). Revenue: AU$24.2m (down 14% from FY 2024). Net loss: AU$4.14m (loss narrowed 48% from FY 2024). Recent Insider Transactions • May 24
Insider recently sold AU$111k worth of stock On the 22nd of May, William Timms sold around 2m shares on-market at roughly AU$0.051 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$125k more than they bought in the last 12 months. Board Change • May 01
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. 2 non-independent directors. Independent Director Frank Lesko was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.0m This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.0m free cash flow). Shares are highly illiquid. Negative equity (-AU$3.7m). Earnings have declined by 28% per year over the past 5 years. Market cap is less than US$10m (AU$11.1m market cap, or US$6.88m). Recent Insider Transactions Derivative • Dec 24
CEO & MD exercised options to buy AU$65k worth of stock. On the 20th of December, Michael Micallef exercised options to buy 1m shares at a strike price of around AU$0.05, costing a total of AU$50k. As of today, Michael currently holds no shares directly. Company insiders have collectively bought AU$45k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Oct 30
Oldfields Holdings Limited, Annual General Meeting, Nov 29, 2024 Oldfields Holdings Limited, Annual General Meeting, Nov 29, 2024. Location: christie centre, level 12, 3 spring st, sydney nsw 2000. Australia Reported Earnings • Oct 05
Full year 2024 earnings released: AU$0.044 loss per share (vs AU$0.008 loss in FY 2023) Full year 2024 results: AU$0.044 loss per share (further deteriorated from AU$0.008 loss in FY 2023). Revenue: AU$28.0m (down 26% from FY 2023). Net loss: AU$7.93m (loss widened 445% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Sep 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$5.3m 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 Risks Shares are highly illiquid. Negative equity (-AU$5.3m). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (AU$14.8m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% 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: Major Risks Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. Market cap is less than US$10m (AU$15.1m market cap, or US$9.83m). Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Announcement • May 29
Oldfields Holdings Limited Announces Company Secretary Changes Oldfields Holdings Limited announced the appointment of Ms. Natalie Climo of Boardroom Pty Limited as Company Secretary, with effect from 27 May 2024. Natalie has 15 years experience working in the corporate sector, previously as an in-house lawyer and more recently as a Company Secretary for a portfolio of ASX listed companies. She holds a Bachelor of Laws and a Graduate Diploma in Legal Practice and has extensive experience in corporate governance and board advisory of ASX listed and unlisted companies. Mr. Alan Lee has notified the Board of his resignation as Company Secretary with effect from 27 May 2024. New Risk • Apr 12
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$14.0m (US$9.08m) This is considered a minor 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 Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$14.0m market cap, or US$9.08m). Announcement • Mar 23
Oldfields Holdings Limited Announces Chief Financial Officer Changes Oldfields Holdings Limited announced that Paul Ryan has been appointed as Chief Financial Officer of the company, effective from 19 March 2024. Paul comes to Oldfields with an extensive background in both public and private companies, most recently with a US listed entity. Throughout his career, Paul has held prominent finance positions, demonstrating his adeptness in Financial Management. His extensive tenure in sectors such as mining, manufacturing, oil and gas, and gaming has provided him with a comprehensive understanding of different business landscapes. The company also announced the resignation of Alan Lee as the Chief Financial Officer. Alan has played a vital role over the last 5 years, including various capital raising and financial arrangement. Board Change • Feb 02
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. Interim Independent Chair of the Board Joseph Screnci was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
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. Interim Independent Chair of the Board Joseph Screnci was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 15
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. Interim Independent Chair of the Board Joseph Screnci was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 08
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. Interim Independent Chair of the Board Joseph Screnci was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
Oldfields Holdings Limited, Annual General Meeting, Nov 24, 2023 Oldfields Holdings Limited, Annual General Meeting, Nov 24, 2023, at 15:30 AUS Eastern Standard Time. Location: BDO, Level 11, 1 Margaret Street Sydney New South Wales Australia Agenda: To receive and consider the Annual Report and Financial Statements of the Company together with the Director's Report, Audit Report and Remuneration Report for the year ending 30 June 2023; to consider election and re-election of Directors; to consider Remuneration Report; to consider approval of Additional Share Issue Capacity under ASX Listing Rule 7.1A; to consider approval of Grant of Options to CEO & Managing Director of the Company; to consider adoption of proportional takeover bid provisions; and to transact any other business which may be lawfully brought forward at the Meeting. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.008 loss per share (vs AU$0.026 loss in FY 2022) Full year 2023 results: AU$0.008 loss per share (improved from AU$0.026 loss in FY 2022). Revenue: AU$37.6m (up 54% from FY 2022). Net loss: AU$1.46m (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Aug 31
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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Shares are highly illiquid. Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (AU$7.99m market cap, or US$5.18m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Mar 03
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.012 loss in 1H 2022) First half 2023 results: EPS: AU$0.001 (up from AU$0.012 loss in 1H 2022). Revenue: AU$20.1m (up 68% from 1H 2022). Net income: AU$251.0k (up AU$2.23m from 1H 2022). Profit margin: 1.2% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 20
Oldfields Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 1.452 million. Oldfields Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 1.452 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,338,461
Price\Range: AUD 0.065
Transaction Features: Subsequent Direct Listing Announcement • Dec 08
Oldfields Holdings Limited Announces Resignation of Richard John Abela as Executive Director Oldfields Holdings Limited advised that Mr. Richard John Abela submitted his resignation as Executive Director, effective 5 December 2022, due to personal reasons. Mr. Abela was the CEO and managing director of the Company for 6 years until 25 July 2022 and remained on the Board as an executive director. Announcement • Nov 30
Oldfields Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 5.049314 million. Oldfields Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 5.049314 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,610,478
Price\Range: AUD 0.065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,071,272
Price\Range: AUD 0.065
Transaction Features: Rights Offering Announcement • Nov 02
Oldfields Holdings Limited, Annual General Meeting, Nov 30, 2022 Oldfields Holdings Limited, Annual General Meeting, Nov 30, 2022, at 14:00 AUS Eastern Standard Time. Location: 8 FARROW ROAD , CAMPBELLTOWN NSW 2560 Campbell Town New South Wales Australia Agenda: To consider and approve Election of Mr Richard John Abela as a Director; to consider the Election of Mr Jie Ma as a Director; to consider and approve the Remuneration Report; and to discuss other matters. Announcement • Nov 01
Oldfields Holdings Limited Provides Earnings Guidance for the Year 2023 Oldfields Holdings Limited expected that the revenue performance for the remaining of 2023 will be maintained and expected that the positive earnings will continue for the remaining of 2023. Reported Earnings • Oct 10
Full year 2021 earnings released: AU$0.017 loss per share (vs AU$0.013 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$22.7m (down 7.6% from FY 2020). Net loss: AU$2.85m (loss widened 95% from FY 2020). Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.017 loss per share (vs AU$0.013 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$22.7m (down 7.6% from FY 2020). Net loss: AU$2.85m (loss widened 95% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Jul 03
Oldfields Holdings Limited Launches Click & Collect Oldfields Holdings Limited announced that it is making its entire range of industry acclaimed Paint Tools available to the Australian painting community through a brand new Click and Collect platform from 12 July, 2021. This initiative is one part of an innovative online strategy by the new Board of Directors which will ensure equal access to the entire company's catalogue by all painters (both DIY and Trade) and to provide innovative ways to grow sales for the company and its valued retail store partners in this new trading environment and era. The company aims to engage with increased segments of the Australian painting community via Click and Collect and its specialist retailer store partners in over 350 locations nationally. Consumers will be able to access custom packages from the entire company's range, packed individually and delivered to store partners for collection. This will ensure that the visit time in retailers' stores is used more efficiently and consumers are able to clearly see the benefits of the specialist advice and service that comes from visiting dedicated paint stores. Announcement • Dec 30
Oldfields Holdings Limited, Annual General Meeting, Jan 28, 2021 Oldfields Holdings Limited, Annual General Meeting, Jan 28, 2021, at 14:00 AUS Eastern Standard Time. Agenda: To consider receipt of annual report financial statements, directors' and audit reports; to consider re-election of Mr. David John Baird as a Director; to consider remuneration report; to consider resignation of BDO East Coast Partnership as auditors and appointment of BDO Audit Pty Ltd as auditors; and to consider other matters. 