Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 01
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 Australian stocks, typically moving 14% 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 Risk Earnings have declined by 81% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$24.5m market cap, or US$17.7m). Announcement • Mar 11
Mayfield Childcare Limited, Annual General Meeting, May 26, 2026 Mayfield Childcare Limited, Annual General Meeting, May 26, 2026. Reported Earnings • Mar 01
Full year 2025 earnings released: AU$0.28 loss per share (vs AU$0.004 profit in FY 2024) Full year 2025 results: AU$0.28 loss per share (down from AU$0.004 profit in FY 2024). Revenue: AU$91.6m (up 3.7% from FY 2024). Net loss: AU$21.4m (down AU$21.6m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Nov 07
Embark Early Education Limited (ASX:EVO) proposed to acquire remaining 80.10% stake in Mayfield Childcare Limited (ASX:MFD) for AUD 30.2 million. Embark Early Education Limited (ASX:EVO) proposed to acquire remaining 80.10% stake in Mayfield Childcare Limited (ASX:MFD) for AUD 30.2 million on November 7, 2025. A cash consideration of AUD 30.25 million valued at AUD 0.5 per share will be paid by Embark Early Education Limited. As part of consideration, AUD 0.05 million is paid towards Performance rights rights and AUD 30.21 million is paid towards common equity of Mayfield Childcare Limited. Upon completion, Embark Early Education Limited will own 100% stake in Mayfield Childcare Limited. Board Change • Sep 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 19
Mayfield Childcare Limited Announces Appointment of Daniel Stone as Chief Executive Officer, Effective 31 March 2025 Mayfield Childcare Limited announced that its new CEO, Daniel Stone, will commence his appointment early on 31 March 2025. This comes further to the ASX Announcement lodged by the Company on 24 February 2025 regarding the appointment of Daniel Stone as Mayfield's new CEO. As previously announced to the ASX, Daniel replaces the Company's former CEO, Ashok Naveinthiran who retired on 10 March 2025. Announcement • Mar 06
Mayfield Childcare Limited, Annual General Meeting, May 20, 2025 Mayfield Childcare Limited, Annual General Meeting, May 20, 2025. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: AU$0.004 (vs AU$0.022 loss in FY 2023) Full year 2024 results: EPS: AU$0.004 (up from AU$0.022 loss in FY 2023). Revenue: AU$88.3m (up 14% from FY 2023). Net income: AU$239.6k (up AU$1.67m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Feb 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$33.9m market cap, or US$21.4m). Board Change • Feb 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Roseanne Healy is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 23
Mayfield Childcare Limited Announces Board Changes Mayfield Childcare Limited provided the following update regarding the CEO recruitment process and recent Board changes. The Board of Directors are in the final stages of the CEO recruitment process and anticipate making an announcement in the near future. As the recruitment process remains on foot, the Board has appointed former Non-Executive Director, Lubna Matta as Executive Director, to support the CEO appointment and Company during this transitional period. Lubna brings valuable experience, a strong understanding of Mayfield's operations, and a proven track record in multi-site operational management, including direct experience divesting complex business assets. Lubna will focus on supporting the Board, working with the management team and assisting with the implementation of the Company's restructure to ensure continuity during the transition to a new CEO. As part of the Company renewal process, current Director Roseanne Healy has been appointed as Independent Non-Executive Chair of the Company. David Niall, who has served as an Independent Non-Executive Director since 2021 and Chair since August 2022, having previously advised of his intention to step down as Chair, has further advised he will be stepping down as a Director on January 23, 2025. David provided steady leadership through a challenging period, helping Mayfield implement key strategic initiatives and positioning the Company for its next phase of growth. Under David's stewardship, the Company expanded its national footprint, improved operational efficiency and governance, whilst also working through a number of challenging legacy issues, including the identification and rectification of fraudulent activity by a former executive. Heidi Beck has made a personal decision to resign as a Director on January 23, 2025. Announcement • Jan 03
Mayfield Childcare Limited has completed a Follow-on Equity Offering in the amount of AUD 4.57565 million. Mayfield Childcare Limited has completed a Follow-on Equity Offering in the amount of AUD 4.57565 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,837,992
Price\Range: AUD 0.4651
Discount Per Security: AUD 0.023255
Transaction Features: Subsequent Direct Listing Announcement • Dec 31
Mayfield Childcare Limited has filed a Follow-on Equity Offering in the amount of AUD 4.57565 million. Mayfield Childcare Limited has filed a Follow-on Equity Offering in the amount of AUD 4.57565 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,837,992
Price\Range: AUD 0.4651
Discount Per Security: AUD 0.023255
Transaction Features: Subsequent Direct Listing Board Change • Sep 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman David Niall is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 10
Mayfield Childcare Limited Announces Resignation of Ashok Naveinthiran as CEO Mayfield Childcare Limited announced that Ashok Naveinthiran has provided the Board with his resignation as CEO. In line with his contract, Ashok has provided six months' notice and will work closely with the Board to ensure an orderly transition of responsibilities, which will include finalising the integration work underway for the recently completed acquisition of Precious Cargo. The Board will immediately commence an extensive executive search process for a new CEO. The Company will seek qualified candidates with a strong track record in leading multi-site national operations of a similar or larger scale to Mayfield and will provide further details in relation to its recruitment process in the coming days. Announcement • Aug 20
Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Seven Centres in South Australia from Precious Cargo Education Pty Ltd. Mayfield Childcare Limited (ASX:MFD) signed a letter of intent to acquire Seven Centres in South Australia from Precious Cargo Education Pty Ltd for AUD 4.8 million on July 8, 2024. A cash consideration of AUD 4.8 million will be paid by Mayfield Childcare Limited. As part of consideration, AUD 4.8 million is paid towards None of Seven Centres in South Australia. The transaction will be financed through existing working capital of AUD 2.6 million.
The transaction is subject to definitive agreement. The completion of the transaction is expected to occur in Q3 2024.
Mayfield Childcare Limited (ASX:MFD) signed binding agreement on August 13, 2024. BDO (Australia) Limited and Steinepreis Paganin acted as due diligence advisors to Mayfield Childcare Limited. Seven Centres in South Australia reported EBITDA of AUD 1.3 million for the period ending December 31, 2023. Seven Centres in South Australia reported EBITDA of AUD 1.3 million for the period ending December 31, 2023. The transaction is expected to be completed by August 31, 2024.
Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Seven Centres in South Australia from Precious Cargo Education Pty Ltd on August 19, 2024.The total consideration paid at settlement of AUD 2.3 million was funded from existing working capital facilities. Announcement • Apr 03
Mayfield Childcare Limited, Annual General Meeting, May 30, 2024 Mayfield Childcare Limited, Annual General Meeting, May 30, 2024, at 10:01 E. Australia Standard Time. Buy Or Sell Opportunity • Mar 04
Now 22% undervalued Over the last 90 days, the stock has risen 22% to AU$0.81. The fair value is estimated to be AU$1.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.022 loss per share (vs AU$0.076 profit in FY 2022) Full year 2023 results: AU$0.022 loss per share (down from AU$0.076 profit in FY 2022). Revenue: AU$77.6m (up 10% from FY 2022). Net loss: AU$1.43m (down 129% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Dec 06
Mayfield Childcare Limited Announces Executive Changes Mayfield Childcare Limited announced appointment of Tamara Barr as the Company Secretary. The Board thanks its outgoing Company Secretary, Andrew Draffin, for his longstanding contribution to the Company since 2016 and for ensuring a smooth transition of responsibilities. Tamara brings over 17 years' experience practising as a Company Secretary and Corporate Governance Advisor across a variety of corporate sectors and industries. She has worked predominantly in Australia, as well as in the UK and Europe, providing services to ASX listed, public and not-for-profit corporations. Tamara is a Fellow Company Secretary (FGIA). Board Change • Oct 26
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 02
Mayfield Childcare Limited Does Not Declare an Interim Dividend for the Half-Year Ended June 30, 2023 Mayfield Childcare Limited did not declare an interim dividend for the half-year ended June 30, 2023. Announcement • Aug 09
Mayfield Childcare Limited Announces Resignation of Lubna Matta as Non-Executive Director, Effective 30 September 2023 Mayfield Childcare Limited announced that Ms. Lubna Matta will resign from the Board as a Non-Executive Director, effective 30 September 2023. Ms Matta has made the decision to step down due to external professional commitments. The Company will commence an independent process to appoint additional Non-Executive Directors. Announcement • Jul 18
Mayfield Childcare Limited Announces of Appointment of Chris Hayes as Chief Financial Officer Mayfield Childcare Limited announce that Chris Hayes has been appointed Mayfield's Chief Financial Officer commencing 18 July 2023. Chris joins Mayfield having held a number of Executive finance roles at various ASX listed and unlisted companies, including most recently at Spirit Technology Solutions Limited initially as Interim Chief Financial Officer, followed by three years as Chief Commercial Officer, during a period of significant growth. Chris has a background in audit and has spent a number of years in Chief Financial Officer roles with a focus on working in high growth companies with skills in establishing financial platforms and processes that support growth and governance. Chris was previously a Principal at BDO Australia where he was a leader in the audit and assurance team. Chris Hayes is a member of CPA Australia and holds a Bachelor of Business (Accounting) from the University of Ballarat. Announcement • May 26
Mayfield Childcare Limited (ASX:MFD) acquired Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd for AUD 2.4 million. Mayfield Childcare Limited (ASX:MFD) acquired Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd for AUD 2.4 million on May 26, 2023. The acquisition is funded from existing debt facilities. Mayfield Childcare Limited (ASX:MFD) completed the acquisition of Two childcare centres in Sandringham and Home Hill from Genius Childcare Pty Ltd on May 26, 2023. Announcement • May 23
Mayfield Childcare Limited Announces Resignation of Glenn Raines as Chief Financial Officer Mayfield Childcare Limited Announced that Glenn Raines, Chief Financial Officer, has tendered his resignation on 23 May 2023. Glenn will assist the Company with an appropriate transition of his financial accountabilities, with his finalday of employment to be agreed with the Company. The Company has commenced the search for a suitable replacement. Reported Earnings • Apr 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: AU$0.076 (up from AU$0.065 in FY 2021). Revenue: AU$70.5m (up 76% from FY 2021). Net income: AU$4.88m (up 121% from FY 2021). Profit margin: 6.9% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: AU$0.079 (vs AU$0.075 in FY 2021) Full year 2022 results: EPS: AU$0.079 (up from AU$0.075 in FY 2021). Revenue: AU$70.4m (up 76% from FY 2021). Net income: AU$5.06m (up 97% from FY 2021). Profit margin: 7.2% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 08
Mayfield Childcare Limited (ASX:MFD) agreed to acquire Childcare centre in Queensland for AUD 1.07 million. Mayfield Childcare Limited (ASX:MFD) agreed to acquire Childcare centre in Queensland for AUD 1.07 million on February 8, 2023. The acquisition is funded from existing debt facilities.Mayfield Childcare Limited (ASX:MFD) Completed the acquisition of Childcare centre in Queensland for AUD 1.07 million on February 8, 2023. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$1.17, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Consumer Services industry in Australia. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 23% share price gain to AU$1.23, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Consumer Services industry in Australia. Total returns to shareholders of 45% over the past three years. Price Target Changed • Nov 16
Price target decreased to AU$1.25 Down from AU$1.46, the current price target is provided by 1 analyst. New target price is 26% above last closing price of AU$0.99. Stock is down 16% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.075 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$75.4m to AU$72.6m. EPS estimate also fell from AU$0.15 per share to AU$0.12 per share. Net income forecast to grow 136% next year vs 72% growth forecast for Consumer Services industry in Australia. Consensus price target down from AU$1.46 to AU$1.25. Share price fell 3.3% to AU$1.03 over the past week. Board Change • Sep 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lubna Matta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 23
Mayfield Childcare Limited Appoints Ashok Naveinthiran as Director Mayfield Childcare Limited announced the appointment of Ashok Naveinthiran as Director. Date of appointment is 22 August 2022. Price Target Changed • Aug 23
Price target decreased to AU$1.46 Down from AU$1.76, the current price target is provided by 1 analyst. New target price is 23% above last closing price of AU$1.19. Stock is up 6.3% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.075 last year. Reported Earnings • Aug 20
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: AU$0.038. Revenue: AU$32.3m (up 85% from 1H 2021). Net income: AU$2.43m (up 94% from 1H 2021). Profit margin: 7.5% (up from 7.2% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 60%, compared to a 33% growth forecast for the Consumer Services industry in Australia. Announcement • Aug 19
Mayfield Childcare Limited Announces Fully Franked Interim Dividend for the Six Months Ended June 30, 2022, Payable in September 23, 2022 The Board of Mayfield Childcare Limited announced a fully franked interim dividend of 2.76 cents per share (cps) for the six months ended June 30, 2022, payable in September 23, 2022. Ex Date is August 25, 2022. Record Date is August 26, 2022. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 21% share price gain to AU$1.41, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Consumer Services industry in Australia. Total returns to shareholders of 66% over the past three years. Major Estimate Revision • Jul 02
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$82.1m to AU$80.8m. EPS estimate also fell from AU$0.18 per share to AU$0.16 per share. Net income forecast to grow 285% next year vs 51% growth forecast for Consumer Services industry in Australia. Consensus price target of AU$1.76 unchanged from last update. Share price was steady at AU$1.21 over the past week. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$1.21, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Consumer Services industry in Australia. Total returns to shareholders of 48% over the past three years. Board Change • Apr 27
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. Independent Non-Executive Director David Niall was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Mayfield Childcare Limited, Annual General Meeting, Apr 27, 2022 Mayfield Childcare Limited, Annual General Meeting, Apr 27, 2022, at 10:01 E. Australia Standard Time. Agenda: To consider Financial Statements and Reports; to consider adoption of revenue report; to consider directorate reelections; to consider other matters. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: AU$0.075 (down from AU$0.12 in FY 2020). Revenue: AU$40.1m (up 6.7% from FY 2020). Net income: AU$2.57m (down 31% from FY 2020). Profit margin: 6.4% (down from 10.0% in FY 2020). Revenue exceeded analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 105%, compared to a 34% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 24
Mayfield Childcare Limited Announces Franked Dividend for the Year Ended December 31, 2021, Payable on April 4, 2022 Mayfield Childcare Limited announced franked dividend of AUD 0.02000000 per share for the year ended December 31, 2021, payable on April 4, 2022, with ex-date of March 2, 2022 and record date of March 3, 2022. Price Target Changed • Dec 15
Price target increased to AU$1.70 Up from AU$1.32, the current price target is provided by 1 analyst. New target price is 50% above last closing price of AU$1.14. Stock is up 25% over the past year. The company posted earnings per share of AU$0.12 last year. Announcement • Dec 11
Mayfield Childcare Limited (ASX:MFD) acquired 14 Genius Learning childcare centres for AUD 39.2 million. Mayfield Childcare Limited (ASX:MFD) acquired 14 Genius Learning childcare centres for AUD 39.2 million on December 10, 2021. The total acquisition costs, includes earn-out of 1.0x CY22F EBITDA. Canaccord Genuity (Australia) Limited acted as a financial advisor, Thomson Geer acted as a legal advisor to Mayfield Childcare Limited (ASX:MFD).
Mayfield Childcare Limited (ASX:MFD) completed the acquisition of 14 Genius Learning childcare centres on December 10, 2021. Reported Earnings • Aug 09
First half 2021 earnings released: EPS AU$0.039 (vs AU$0.017 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$17.5m (up 6.1% from 1H 2020). Net income: AU$1.26m (up 129% from 1H 2020). Profit margin: 7.2% (up from 3.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Aug 06
Mayfield Childcare Limited Provides Earnings Guidance for the Full Year 2021 Mayfield Childcare Limited provided earnings guidance for the full year 2021. For the year, the company expected EBIT in the range of $6.5 million to $6.9 million. Price Target Changed • Jun 02
Price target increased to AU$1.25 Up from AU$1.12, the current price target is provided by 1 analyst. New target price is 16% above last closing price of AU$1.08. Stock is up 33% over the past year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.09, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Consumer Services industry in Australia. Total returns to shareholders of 25% over the past three years. Announcement • Mar 01
Mayfield Childcare Limited, Annual General Meeting, Mar 31, 2021 Mayfield Childcare Limited, Annual General Meeting, Mar 31, 2021, at 10:30 AUS Eastern Standard Time. Location: Suite 2, Ground Floor, 207-213 Waverly Road Malvern East Australia Agenda: To consider adoption of remuneration report; to consider re-election of director mr peter lowe; to approval of 10% placement capacity; and to consider other matter. Is New 90 Day High Low • Feb 12
New 90-day high: AU$0.96 The company is up 21% from its price of AU$0.80 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 4.0% over the same period. Reported Earnings • Feb 08
Full year 2020 earnings released: EPS AU$0.12 (vs AU$0.11 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: AU$37.3m (up 3.9% from FY 2019). Net income: AU$3.74m (up 12% from FY 2019). Profit margin: 10.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Analyst Estimate Surprise Post Earnings • Feb 08
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.7% compared to a 3.3% decline forecast for the Consumer Services industry in Australia. Is New 90 Day High Low • Dec 23
New 90-day high: AU$0.94 The company is up 41% from its price of AU$0.67 on 24 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: AU$0.83 The company is up 19% from its price of AU$0.70 on 20 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Services industry, which is up 22% over the same period. Price Target Changed • Oct 30
Price target raised to AU$1.12 Up from AU$0.96, the current price target is provided by 1 analyst. The new target price is 40% above the current share price of AU$0.80. As of last close, the stock is down 20% over the past year. Major Estimate Revision • Oct 30
Analysts increase EPS estimates to AU$0.12 The 2020 consensus revenue estimate increased from AU$33.9m to AU$36.6m. The earnings per share estimate also received an upgrade from AU$0.075 to AU$0.12 for the same period. Net income is expected to grow by 35% next year compared to 43% growth forecast for the Consumer Services industry in Australia. The consensus price target increased from AU$0.96 to AU$1.12. Share price is up 9.6% to AU$0.80 over the past week. Is New 90 Day High Low • Oct 27
New 90-day high: AU$0.77 The company is up 8.0% from its price of AU$0.71 on 29 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Services industry, which is up 33% over the same period.