Recent Insider Transactions • Jun 02
Executive Chairman of the Board recently bought AU$50k worth of stock On the 1st of June, Alexander Beard bought around 295k shares on-market at roughly AU$0.17 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of AU$90k worth in shares. New Risk • May 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings have declined by 53% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$91.3m market cap, or US$65.1m). Buy Or Sell Opportunity • May 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to AU$0.17. The fair value is estimated to be AU$0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Board Change • May 20
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. 4 non-independent directors. Director Tim James was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 08
Schoolblazer Limited to Report First Half, 2026 Results on May 27, 2026 Schoolblazer Limited announced that they will report first half, 2026 results on May 27, 2026 Board Change • May 01
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. 4 non-independent directors. Director Tim James was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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. 4 non-independent directors. Director Tim James was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 15
Hancock & Gore Ltd, Annual General Meeting, Feb 12, 2026 Hancock & Gore Ltd, Annual General Meeting, Feb 12, 2026. Announcement • Oct 22
Hancock & Gore Ltd to Report Fiscal Year 2025 Results on Nov 26, 2025 Hancock & Gore Ltd announced that they will report fiscal year 2025 results on Nov 26, 2025 Announcement • Aug 19
Hancock & Gore Ltd (ASX:HNG) acquired Trutex Limited for AUD 16.9 million. Hancock & Gore Ltd (ASX:HNG) acquired Trutex Limited for AUD 16.9 million on August 19, 2025. A cash consideration of AUD 12.6 million will be paid by Hancock & Gore Ltd. Hancock & Gore Ltd will pay an contingent payment of AUD 4.3 million cash on July 31, 2026. As part of consideration, AUD 16.9 million is paid towards common equity of Trutex Limited. Acquisition fully funded from H&G’s balance sheet.
Hancock & Gore Ltd (ASX:HNG)completed the acquisition of Trutex Limited on August 19, 2025. Announcement • Apr 15
Hancock & Gore Ltd to Report First Half, 2025 Results on May 27, 2025 Hancock & Gore Ltd announced that they will report first half, 2025 results on May 27, 2025 Board Change • Feb 04
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. 5 non-independent directors. Director Tim James was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 15
Hancock & Gore Ltd (ASX:HNG) proposed to acquire Substantially all assets of H&G High Conviction Limited from H&G High Conviction Limited (ASX:HCF), managed by Supervised Investments Australia Limited. Hancock & Gore Ltd (ASX:HNG) proposed to acquire Substantially all assets of H&G High Conviction Limited from H&G High Conviction Limited (ASX:HCF), managed by Supervised Investments Australia Limited on January 13, 2025. Board Change • Dec 24
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. 5 non-independent directors. Director Tim James was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Hancock & Gore Ltd, Annual General Meeting, Feb 13, 2025 Hancock & Gore Ltd, Annual General Meeting, Feb 13, 2025. Announcement • Oct 14
Hancock & Gore Ltd Appoints Tim James as Director The board of Hancock & Gore Limited announced the appointment of Tim James as a Director of the Company effective 12 October 2024. The appointment of Mr. James was approved upon completion of the merger of Schoolblazer Limited with H&G 100%-owned subsidiary, Mountcastle Group. Tim James (B.Eng.) is an accomplished entrepreneur and co-founder of Schoolblazer, the leading school uniform retailer for large UK independent schools. Schoolblazer has redefined the industry in the UK with its commitment to quality, unmatched service, leverage of technology, online fulfilment and sustainability. With well over 25 years of experience in retail, Tim brings a wealth of strategic insight and operational expertise to the group. His experience in scaling Schoolblazer will be invaluable in driving the expansion of the Schoolblazer business in the Australian market. Buy Or Sell Opportunity • Oct 10
Now 21% overvalued Over the last 90 days, the stock has fallen 5.9% to AU$0.32. The fair value is estimated to be AU$0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 80% over the last 3 years. Earnings per share has declined by 46%. New Risk • Oct 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% 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 (65% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (202% cash payout ratio). Large one-off items impacting financial results. Revenue is less than US$5m (AU$1.7m revenue, or US$1.2m). Market cap is less than US$100m (AU$119.2m market cap, or US$82.6m). Buy Or Sell Opportunity • Jul 26
Now 24% overvalued Over the last 90 days, the stock has fallen 17% to AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 80% over the last 3 years. Earnings per share has declined by 46%. Recent Insider Transactions • May 30
Executive Chairman of the Board recently bought AU$68k worth of stock On the 25th of May, Alexander Beard bought around 200k shares on-market at roughly AU$0.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of AU$141k worth in shares. Buy Or Sell Opportunity • May 27
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to AU$0.35. The fair value is estimated to be AU$0.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 69% over the last 3 years. Earnings per share has declined by 46%. Declared Dividend • May 23
First half dividend of AU$0.01 announced Shareholders will receive a dividend of AU$0.01. Ex-date: 5th June 2024 Payment date: 13th June 2024 Dividend yield will be 5.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (163% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 07
Hancock & Gore Ltd to Report First Half, 2024 Results on May 21, 2024 Hancock & Gore Ltd announced that they will report first half, 2024 results on May 21, 2024 Announcement • Mar 02
Hancock & Gore Ltd (ASX:HNG) completed the acquisition of remaining 10.2% stake in Mountcastle Pty Ltd. Hancock & Gore Ltd (ASX:HNG) entered into binding agreement to acquire remaining 10.2% stake in Mountcastle Pty Ltd on November 16, 2023. The consideration for the transaction is 21,602,824 Hancock & Gore shares to be issued to the vendors at 35 cents per share. The transaction is subject to shareholders approval of Hancock & Gore.Hancock & Gore Ltd (ASX:HNG) completed the acquisition of remaining 10.2% stake in Mountcastle Pty Ltd on March 1, 2024. Announcement • Feb 28
Hancock & Gore Ltd Announces Executive Changes Hancock & Gore Ltd. announced that Damian Nishantha Seneviratne, the Company's current Chief Financial Officer, has been appointed joint Company Secretary, with effect from 26 February 2024. Mr. Seneviratne was appointed the Chief Financial Officer of Hancock & Gore Limited in March 2023 and will also undertake the role of joint company secretary. Further to this appointment, Max Crowley of Automic Group will step down as the Company Secretary with effect from 15 April 2024. The Board wishes to thank Mr. Crowley for his services to HNG and its group entities. Mr. Seneviratne is an experienced company secretary and a fellow member of the Governance Institute of Australia (GIA) and Institute of Chartered Secretaries and Administrators (ICSA). Mr. Seneviratne was the former Company Secretary and Chief Financial Officer of Milton Corporation Limited (between 2012 and 2021) which merged with Washington H Soul Pattinson & Company Limited. Upcoming Dividend • Nov 30
Upcoming dividend of AU$0.01 per share at 3.9% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (1.5%). Announcement • Nov 29
Hancock & Gore Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.044903 million. Hancock & Gore Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.044903 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,402,509
Price\Range: AUD 0.36
Discount Per Security: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 277,778
Price\Range: AUD 0.36
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 22
Full year 2023 earnings released: EPS: AU$0.037 (vs AU$0.027 in FY 2022) Full year 2023 results: EPS: AU$0.037 (up from AU$0.027 in FY 2022). Net income: AU$8.17m (up 46% from FY 2022). Announcement • Nov 05
Hancock & Gore Ltd (ASX:HNG) completed the acquisition of additional 40.3% in Mountcastle Pty Ltd from James Baldwin and his associated entity. Hancock & Gore Ltd (ASX:HNG) reached an principle agreement to acquire an additional 40.3% in Mountcastle Pty Ltd from James Baldwin and his associated entity for AUD 14.8 million on September 4, 2023. Hancock & Gore Ltd (ASX:HNG) entered into a definitive sale and purchase agreement to acquire an additional 40.3% in Mountcastle Pty Ltd from James Baldwin and his associated entity on September 26, 2023. The consideration for the 40.3% Mountcastle equity acquisition comprises a cash component of AUD 5.0 million upon completion; issuance of 15 million H&G shares at 35 cents per share; transfer of H&G’s unencumbered equity in Hyde Rd Trust to the Shareholder Partner requiring a loan repayment to the Trust’s lender of AUD 3.47 million by March 31, 2024 and interest; and a deferred cash consideration of AUD 5.0 million payable 1 year after completion. H&G will fund the acquisition using its existing cash on balance sheet. If the acquisition proceeds, H&G will hold 89.8% of Mountcastle. Remaining shareholders in Mountcastle largely comprise management executives and H&G is exploring opportunities to create further alignment through eventual 100% ownership. Mountcastle standalone reported record FY23 (June year-end) revenue of AUD 53 million and EBITDA of AUD 10.5 million. The acquisition is subject to entering into definitive legal agreements, lender approvals, ASX consultations and other commercial conditions precedent. H&G is aiming to complete the acquisition by November 1, 2023. Successful completion of the acquisition will significantly enhance H&G's financial performance and growth prospects, contributing to cash profit growth and future dividends.Hancock & Gore Ltd (ASX:HNG) completed the acquisition of additional 40.3% in Mountcastle Pty Ltd from James Baldwin and his associated entity on November 3, 2023. New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% 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: Minor Risks Dividend is not well covered by cash flows (165% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (297% net profit margin). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$87.7m market cap, or US$57.1m). Announcement • Sep 05
Hancock & Gore Ltd (ASX:HNG) reached an principle agreement to acquire an additional 40.3% in Mountcastle Pty Ltd for AUD 14.8 million. Hancock & Gore Ltd (ASX:HNG) reached an principle agreement to acquire an additional 40.3% in Mountcastle Pty Ltd for AUD 14.8 million on September 4, 2023. The consideration for the 40.3% Mountcastle equity acquisition comprises a cash component of AUD 5.0 million upon completion; issuance of 15 million H&G shares at 35 cents per share; transfer of H&G’s unencumbered equity in Hyde Rd Trust to the Shareholder Partner requiring a loan repayment to the Trust’s lender of AUD 3.47 million by March 31, 2024 and interest; and a deferred cash consideration of AUD 5.0 million payable 1 year after completion. H&G will fund the acquisition using its existing cash on balance sheet. If the acquisition proceeds, H&G will hold 89.8% of Mountcastle. Remaining shareholders in Mountcastle largely comprise management executives and H&G is exploring opportunities to create further alignment through eventual 100% ownership. Mountcastle standalone reported record FY23 (June year-end) revenue of AUD 53 million and EBITDA of AUD 10.5 million. The acquisition is subject to entering into definitive legal agreements, lender approvals, ASX consultations and other commercial conditions precedent. H&G is aiming to complete the acquisition by November 1, 2023. Successful completion of the acquisition will significantly enhance H&G's financial performance and growth prospects, contributing to cash profit growth and future dividends. Reported Earnings • May 24
First half 2023 earnings released: EPS: AU$0.01 (vs AU$0.012 in 1H 2022) First half 2023 results: EPS: AU$0.01 (down from AU$0.012 in 1H 2022). Net income: AU$2.20m (down 11% from 1H 2022). Announcement • May 24
Hancock & Gore Ltd Declares Interim Dividend for the Period Ended March 31, 2023, Payable on 3 June 2023 The Directors of Hancock & Gore Ltd. have resolved to declared a 0.5 cents per share fully franked interim dividend in relation to the period ended March 31, 2023. The interim dividend will have a record date of 30 May 2023 and will be paid on 13 June 2023. On 15 September 2022, directors declared a fully franked dividend of 1.0 cent in relation to the previous corresponding period which comprised of 0.5 cents interim dividend and 0.5 cents special dividend paid on 30 September 2022. Announcement • May 19
Hancock & Gore Ltd Announces Change of Company Secretary Hancock & Gore Ltd. announced that Ms Virginie O'Keefe of Automic Group has resigned as Company Secretary of the Company, effective 19 May 2023. Ms O'Keefe tendered her resignation from the Automic Group and will be replaced by Mr. Max Crowley, member of the Automic Group, effective immediately. The board wishes to thank Ms O'Keefe for her services to the company. Mr. Crowley is an experienced corporate lawyer and company secretary specialising in ASX listings, employee equity schemes, capital raising and providing advice on corporate governance and compliance issues. Mr. Crowley is a member of Automic Group, which provides market leading, cloud-based share registry technology, compliance and governance solutions, supported by a tailored range of professional services. As a member of Automic Group's Company Secretary team, Mr. Crowley acts as Company Secretary to a number of ASX listed and unlisted public companies across a range of industries. Recent Insider Transactions • Mar 24
Executive Chairman of the Board recently bought AU$74k worth of stock On the 22nd of March, Alexander Beard bought around 273k shares on-market at roughly AU$0.27 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$98k. Alexander has been a buyer over the last 12 months, purchasing a net total of AU$216k worth in shares. Recent Insider Transactions • Mar 14
Executive Chairman of the Board recently bought AU$98k worth of stock On the 9th of March, Alexander Beard bought around 350k shares on-market at roughly AU$0.28 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of AU$142k worth in shares. Announcement • Jan 23
Hancock & Gore Ltd Announces Company Secretary Changes Hancock & Gore Ltd. announced that Ms. Virginie O'Keefe has been appointed as Company Secretary effective immediately. Ms O'Keefe is a member of Automic Group, which provides market leading, cloud-based share registry technology, compliance and governance solutions, supported by a tailored range of professional services. Virginie has delivered governance advice and support to a range of ASX listed and unlisted public and proprietary companies across a range of industries. Ms. O'Keefe is a member of the Governance Institute of Australia. Further to this appointment, Mr. Michael Bower will step down as Company Secretary of the Company effective immediately. For the purpose of ASX Listing Rule 12.6, Ms O'Keefe will be the person responsible for communications with the ASX in relation to Listing Rules Matters. Board Change • Jan 18
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. 4 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 12
Hancock & Gore Ltd, Annual General Meeting, Feb 23, 2023 Hancock & Gore Ltd, Annual General Meeting, Feb 23, 2023. Reported Earnings • Nov 26
Full year 2022 earnings released: EPS: AU$0.027 (vs AU$0.12 in FY 2021) Full year 2022 results: EPS: AU$0.027 (down from AU$0.12 in FY 2021). Net income: AU$5.60m (down 64% from FY 2021). Board Change • Nov 24
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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 19
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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 12
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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 26
First half 2022 earnings released First half 2022 results: Net income: (down AU$10.2m from profit in 1H 2021). Board Change • Apr 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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 04
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. 5 non-independent directors. Non-Executive Chairman of the Board Sandy Beard was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
