Board Change • Apr 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. 1 highly experienced director. Founder, Director of Investments & Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 24
Clime Investment Management Limited, Annual General Meeting, Nov 21, 2025 Clime Investment Management Limited, Annual General Meeting, Nov 21, 2025. Location: level 31, suite 2, 123 pit street, sydney nsw 2000 Australia New Risk • Sep 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 111x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 192% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 111x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 56% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (AU$30.1m market cap, or US$19.6m). Announcement • Sep 01
Clime Investment Management Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended June 30, 2025. Payable on October 24, 2025 Clime Investment Management Limited announced ordinary fully franked dividend of AUD 0.00500000 per security for the six months ended June 30, 2025. Ex Date: October 9, 2025. Record Date: October 10, 2025. Payment Date: October 24, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: AU$0.007 (vs AU$0.045 loss in FY 2024) Full year 2025 results: EPS: AU$0.007 (up from AU$0.045 loss in FY 2024). Revenue: AU$13.4m (up 13% from FY 2024). Net income: AU$510.7k (up AU$3.82m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Clime Investment Management Limited Declares Interim Fully Franked Dividend, Payable on 30 May 2025 The Board of Clime Investment Management Limited advised shareholders that the company will pay a dividend of 0.25 cents per share fully franked. The ex-dividend date is 16 May 2025, with a payment date of 30 May 2025. Reported Earnings • Mar 01
First half 2025 earnings released: AU$0.003 loss per share (vs AU$0.023 loss in 1H 2024) First half 2025 results: AU$0.003 loss per share (improved from AU$0.023 loss in 1H 2024). Revenue: AU$6.07m (down 11% from 1H 2024). Net loss: AU$257.4k (loss narrowed 84% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Jan 24
Clime Investment Management Limited Recommends Interim Dividend Clime Investment Management Limited announced that after an absence of near 3 years, the company recommend to the board that an interim dividend, of at least 0.2 cents per share is paid based on both unaudited half year performance and the trends see flowing into the second half and into FY26. Clime retains over 1 cent per share in franking credits. Clime's half year profit and dividend announcement will be made in late February. Board Change • Jan 24
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. 3 non-independent directors. Founder & Non-Independent Executive Chairman John Abernethy was the last independent director to join the board, commencing their role in 1994. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 09
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. 3 non-independent directors. Founder & Non-Independent Executive Chairman John Abernethy was the last independent director to join the board, commencing their role in 1994. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 26
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. 3 non-independent directors. Founder & Non-Independent Executive Chairman John Abernethy was the last independent director to join the board, commencing their role in 1994. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
Clime Investment Management Limited, Annual General Meeting, Nov 22, 2024 Clime Investment Management Limited, Annual General Meeting, Nov 22, 2024. Location: level 12, 20 hunter street, sydney nsw 2000 Australia Announcement • Oct 18
Clime Investment Management Limited Announces Appointment of Directors Clime Investment Management Limited announced the addition of four key appointments aimed at strengthening its leadership team and enhancing value for both clients and shareholders. The company has continued on its path of a strategic reset of the Clime business following the Madison sale. The key initiatives announced are: Henry Davis, a tax lawyer, has been appointed as a Non-Executive Director. Will Riggall, the current Chief Investment Officer (CIO), joins the board as an Executive Director. Angela Wang, a senior associate lawyer, has been appointed as Joint Company Secretary. Matt Rencken, a financial adviser, takes on the role of Principal Adviser for Clime Private Wealth. Henry Davis, a highly experienced tax lawyer and capital city Councillor, brings extensive expertise in corporate tax strategy and compliance, which will be invaluable in guiding Clime's financial oversight and strategic initiatives. Will Riggall is highly regarded among his peers and has effectively led the investment team to refocus the business on its core offerings. His addition to the board is expected to further align Clime's strategic initiatives with shareholder interests. Angela (Xun) Wang is an exceptional senior associate lawyer based in South Australia. Her specialization in international business, commercial law, and migration brings a wealth of expertise to Clime. Angela will join Tushar Kale, who remains the company's CFO and Company Secretary, in enhancing Clime's governance and operational excellence. Matt Rencken has swiftly stepped up to manage the Private Client team and successfully recruited exceptional front-line talent to enhance the team's service offering while reducing overall costs. Additionally, a new wholesale distribution and key accounts team has been established, reporting directly to the Managing Director. Announcement • Oct 09
Clime Investment Management Limited Announces Board Resignations , Effective 16 October Clime Investment Management Limited announced that it has received resignations from the following Directors effective from 16 October: Andrew Coleman, Claire Bibby, Susan Wynne. The Company will make a further announcement in due course regarding the replacements and extends its best wishes to the outgoing Directors. Reported Earnings • Sep 03
Full year 2024 earnings released: AU$0.046 loss per share (vs AU$0.026 loss in FY 2023) Full year 2024 results: AU$0.046 loss per share (further deteriorated from AU$0.026 loss in FY 2023). Revenue: AU$11.8m (down 23% from FY 2023). Net loss: AU$3.31m (loss widened 77% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Board Change • Aug 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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 17
Clime Investment Management Limited Appoints Michael Baragwanath as Acting Managing Director Clime Investment Management Limited announced that with the resignation of Clime's CEO from 31 July 2024, the business wants to ensure a smooth and stable transition and announced the appointment of Michael Baragwanath as the Company's Acting Managing Director effective immediately and prior to a formal contract being finalised. Mr. Baragwanath was appointed as a Director effective from 1 July 2024, and now assumes a broader role within the business. Michael is a senior executive and consultant with over 18 years financial services experience, including as divisional head, various product and distribution roles, managing large scale projects, and serving as a responsible manager for several financial services licensees. Recent Insider Transactions • Jul 05
Key Executive recently bought AU$50k worth of stock On the 28th of June, John Abernethy bought around 162k shares on-market at roughly AU$0.31 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$2.7m. John has been a buyer over the last 12 months, purchasing a net total of AU$70k worth in shares. Recent Insider Transactions • Jun 27
Insider recently sold AU$1.1m worth of stock On the 18th of June, Ronni Chalmers sold around 3m shares on-market at roughly AU$0.33 per share. This transaction amounted to 42% 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$1.1m more than they bought in the last 12 months. Announcement • May 01
Clime Investment Management Limited Announces Executive Changes Clime Investment Management Limited announced that Mr. Andrew Metcalfe will cease to be the Company Secretary for Clime Investment Management Limited. Mr. Tushar Kale has been appointed as the Joint Company Secretary of Clime Investment Management Limited and principal contact person with the ASX. Mr. Simon Dutton has been appointed as the Joint Company Secretary of Clime Investment Management. Mr. Kale was appointed as the CFO of Clime Investment t Management in September 2023 and is therefore both experienced and familiar with the affairs of Clime Investment Management. Mr. Kale has over 20 years financial services experience and holds a Bachelor of Economics (Accounting), a Graduate Diploma of Applied Finance and Investments, and is a CPA. Mr. Dutton is the Head of Group Risk for Clime Investment Management and is an experienced financial services professional with more than 25 years' experience working across a range of governance, risk, and operational roles within a number of ASX listed companies. Mr. Dutton holds a Bachelor of Science (Communication and Technology) and a Diploma of Financial Services (Financial Planning). Announcement • Feb 03
Clime Investment Management Limited Announces Board Changes Clime Investment Management Limited announced that at its general meeting held on February 02, 2024, shareholders announced that the removal of Mr. John Bruce Abernethy, Dr. Michael Gabor Kollo, Ms. Susan Wynne, Ms. Claire Bibby and Mr. Ronni David Chalmers as directors. The company also approved the election of Mr. Peter Aristide George Pynes, Mr. Benjamin John Small and Mr. Simon Eric Tan as a Directors. Board Change • Feb 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% 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 31% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Market cap is less than US$100m (AU$23.8m market cap, or US$15.7m). Board Change • Jan 02
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Clime Investment Management Limited has filed a Follow-on Equity Offering in the amount of AUD 1.35 million. Clime Investment Management Limited has filed a Follow-on Equity Offering in the amount of AUD 1.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,500,000
Price\Range: AUD 0.3
Transaction Features: Subsequent Direct Listing Announcement • Dec 21
Clime Investment Management Limited Receives a Notice from Torres Industries Pty Limited On December 20, 2023, Clime Investment Management Limited announced that it had received a meeting requisition notice from Torres Industries Pty Limited under section 249D of the Corporations Act. The Company calls a meeting of shareholders to consider the requisitioned resolutions concerning the composition of the Board on February 2, 2024, to consider resolutions for the removal of John Bruce Abernethy, Michael Gabor Kollo, Susan Wynne, Claire Bibby, Ronni David Chalmers, and for the appointment of Peter Aristide George Pynes, Benjamin John Small, and Simon Eric Tan as directors of the Company. The Company’s board recommended shareholders to vote against all Resolutions. Board Change • Dec 13
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 30
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 25
Clime Investment Management Limited, Annual General Meeting, Nov 24, 2023 Clime Investment Management Limited, Annual General Meeting, Nov 24, 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.026 loss per share (vs AU$0.001 profit in FY 2022) Full year 2023 results: AU$0.026 loss per share (down from AU$0.001 profit in FY 2022). Revenue: AU$15.4m (up 13% from FY 2022). Net loss: AU$1.87m (down AU$1.96m 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 56 percentage points per year, which is a significant difference in performance. New Risk • Aug 26
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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 124% Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$28.4m market cap, or US$18.2m). Board Change • Aug 23
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 07
Clime Investment Management Limited Announces Resignation of Mr. Andrew Plum as CFO Clime Investment Management Limited announced that Mr. Andrew Plum was acting CFO pursuant to a 6-month probation commencing on the 6 December 2022. Mr. Plum recently submitted his resignation and formerly left the Company on 30 June 2023. Board Change • Jun 27
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
First half 2023 earnings released: EPS: AU$0.003 (vs AU$0.007 in 1H 2022) First half 2023 results: EPS: AU$0.003 (down from AU$0.007 in 1H 2022). Revenue: AU$9.01m (up 27% from 1H 2022). Net income: AU$236.4k (down 47% from 1H 2022). Profit margin: 2.6% (down from 6.3% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 39% 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. Board Change • Feb 09
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 27
Clime Investment Management Limited (ASX:CIW) acquired Ralton Asset Management Limited. Clime Investment Management Limited (ASX:CIW) acquired Ralton Asset Management Limited on August 29, 2023. The Board of Clime Investment Management Limited advised the shareholders. Ralton Asset is now a fully owned subsidiary of the Group.Clime Investment Management Limited (ASX:CIW) completed the acquisition of Ralton Asset Management Limited on August 29, 2023. Announcement • Dec 01
Clime Investment Management Limited Announces Resignation of Biju Vikraman as Joint Company Secretary The Board of Clime Investment Management Limited (CIW) advised that long-time CFO and joint company secretary, Biju Vikraman, has resigned from the Company. Biju has worked with Clime for over 11 years and has played an integral role in the growth of the Company over that period of time. Mr. Andrew Metcalfe continues in the role as company secretary. Announcement • Nov 30
Clime Investment Management Limited Announces Resignation of Biju Vikraman as CFO The Board of Clime Investment Management Limited (CIW) advise that long-time CFO and joint company secretary, Biju Vikraman, has resigned from the Company. Biju has worked with Clime for over 11 years and has played an integral role in the growth of the Company over that period of time. Mr. Andrew Metcalfe continues in the role as company secretary. Board Change • Nov 22
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Clime Appoints James Trude as New Head of Distribution Clime has appointed James Trude, a highly experienced distribution professional, as the new Head of Distribution, to further bolster the Clime groupinvestment sales and distribution team. Announcement • Oct 17
Clime Investment Management Limited, Annual General Meeting, Nov 17, 2022 Clime Investment Management Limited, Annual General Meeting, Nov 17, 2022, at 13:00 AUS Eastern Standard Time. Location: Level 12, 20 Hunter Street, Sydney NSW 2000 Sydney Nsw 2000 Australia Agenda: To receive and consider the Financial Report, the Director's Report and the Auditor's Report of the Company (and its controlled entities) as set out in the Company's 2022 Annual Report for the year ended 30 June 2022; to consider Adoption of the Remuneration Report; to consider re-election Directors; to consider approval of Clime Investment Management Limited Employee Incentive Scheme; to Approval of additional placement capacity; and to consider other matters if any. Board Change • Oct 03
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. 1 highly experienced director. Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
Full year 2022 earnings released: EPS: AU$0.001 (vs AU$0.035 in FY 2021) Full year 2022 results: EPS: AU$0.001 (down from AU$0.035 in FY 2021). Revenue: AU$13.7m (down 13% from FY 2021). Net income: AU$96.9k (down 96% from FY 2021). Profit margin: 0.7% (down from 14% in FY 2021). 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 3% per year, which means it has not declined as severely as earnings. Announcement • Aug 29
Clime Investment Management Limited Declares Dividend for the Six Months Ended June 30, 2022, Payable on Oct. 27, 2022 Clime Investment Management Limited declares dividend of AUD 0.00400000 for the six months ended June 30, 2022, payable on Oct. 27, 2022. Record Date is Sep. 29, 2022 and Ex Date is Sep. 28, 2022. Announcement • Aug 17
Clime Investment Management Limited (ASX:CIW) completed acquisition of MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G. Clime Investment Management Limited (ASX:CIW) agreed to acquire MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G for AUD 7 million on May 19, 2022. The acquisition price will be paid in three stages with a first payment on July 1, 2022, and two further payments (subject to agreed adjustments) over the next 2 years. The acquisition will be funded from existing cash reserves. The deal is expected to close on July 1, 2022.
Clime Investment Management Limited (ASX:CIW) completed acquisition of MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G on August 17, 2022. The MTIS and CIW teams have collocated to create a full-service wealth office in Melbourne. MTIS account portfolios will be managed by the CIW investment team under the Ralton Asset Management SMA service, led by our CIO, Will Riggall. As of June 2022, MTIS Wealth Management reported gross annual revenue of approximately AUD 3 million. Announcement • Jun 23
Clime Investment Management Limited Appoints Andrew Metcalfe as Joint Company Secretary The Board of Clime Investment Management Limited announced the appointment of Mr. Andrew Metcalfe as Joint Company Secretary, effective from June 21, 2022. Mr. Metcalfe (CPA, FGIA, GAICD) is an experienced Chartered Secretary and Governance Adviser with more than 25 years' experience across a broad industry base, having worked with a variety of Board and senior management team of ASX listed companies. Announcement • May 19
Clime Investment Management Limited (ASX:CIW) agreed to acquire MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G for AUD 7 million. Clime Investment Management Limited (ASX:CIW) agreed to acquire MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G for AUD 7 million on May 19, 2022. The acquisition price will be paid in three stages with a first payment on July 1, 2022, and two further payments (subject to agreed adjustments) over the next 2 years. The acquisition will be funded from existing cash reserves. The deal is expected to close on July 1, 2022. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Upcoming Dividend • Mar 15
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 07 April 2022. Payout ratio is on the higher end at 85%, and the cash payout ratio is above 100%. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.9%). Higher than average of industry peers (3.8%). Announcement • Feb 26
Clime Investment Management Limited Announces Cash Distribution for the Six Months Ended December 31, 2021, Payable on April 7, 2022 Clime Investment Management Limited announced cash distribution of AUD 0.010 per share for the six months ended December 31, 2021. Ex-date is March 22, 2022. Record date is March 23, 2022. Payment date is April 7, 2022. Board Change • Feb 25
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Founder & Non-Independent Executive Chairman John Abernethy is the most experienced director on the board, commencing their role in 1994. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Upcoming Dividend • Oct 07
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 28 October 2021. Trailing yield: 4.8%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (3.1%). Executive Departure • Oct 03
Independent Director Brett Spork has left the company On the 27th of September, Brett Spork was replaced as CEO by Annick Donat after less than a year in the role. As of June 2021, Brett still personally held only 35.00k shares (AU$21k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Under Brett's leadership, the company delivered a total shareholder return of -6.5%. Executive Departure • Oct 03
Non-Executive Independent Director Peter Beaumont has left the company On the 27th of September, Peter Beaumont's tenure as Non-Executive Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Peter's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Announcement • Sep 16
Clime Investment Management Limited announced that it expects to receive AUD 2.75 million in funding Clime Investment Management Limited announced a private placement of 4,435,484 common shares at an issue price of AUD 0.62 per share for gross proceeds of AUD 2,750,000 on September 15, 2021. The transaction will include participation from shareholders of the company. Shareholders who participated in the transaction will be entitled to receive the final dividend of AUD 0.15 per share on all shares issued in the transaction. The settlement of the transaction is expected to be on September 30, 2021 and issue of the placement is expected to be on October 5, 2021. Reported Earnings • Aug 29
Full year 2021 earnings released: EPS AU$0.035 (vs AU$0.007 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$15.7m (up 32% from FY 2020). Net income: AU$2.28m (up 473% from FY 2020). Profit margin: 14% (up from 3.3% in FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.013 (vs AU$0.016 in 1H 2020) The company reported a soft first half result with weaker revenues, although earnings and profit margins were flat. First half 2021 results: Revenue: AU$6.84m (down 5.3% from 1H 2020). Net income: AU$865.0k (flat on 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 10
Clime Investment Management Limited Announces Joint Interim Chief Executive Officer Employment Arrangements The Board of Clime Investment Management Limited announced that it has entered into a part-time fixed term employment contract with each of Mr. Brett Spork and Mr. Neil Schafer which governs the terms of their role as joint interim chief executive officers of the Company. Date of employment contract: Clime Investment Management Limited (Company) and Mr. Brett Spork entered into the part-time fixed term interim employment contract which governs the terms on which the Company will engage Mr. Spork as joint interim Chief Executive Officer (CEO) of the Company (Spork Employment Contract) on 7 December 2020. The Company and Mr. Neil Schafer entered into the part-time fixed term interim employment contract which governs the terms on which the Company will engage Mr. Schafer as joint interim CEO of the Company on 7 December 2020. Announcement • Nov 10
Clime Investment Management Limited Announces Management Changes The Board of Clime Investment Management Limited announced its CEO Mr. Rod Bristow has resigned effective November 10,2020. The Board thanks Rod for his contribution since joining Clime in 2018. As the Board undertakes a search process for his replacement, it has agreed that directors Mr. Brett Spork and Mr. Neil Schafer will share responsibilities as joint acting CEOs and director Mr. John Abernethy will particularly support the investment team. Announcement • Oct 20
Clime Investment Management Limited Announces Board Changes The Board of Clime Investment Management Limited announced the following changes to its Board. Mr. Allyn Chant has resigned from the Board as a non-executive director of the Company effective 19 October 2020. Mr. Peter Beaumont has been appointed as a non-executive director of the Company effective 19 October 2020. Mr. Brett Spork has been appointed as a non-executive director of the Company effective 23 October 2020. Mr. Beaumont has extensive experience in financial markets, public-private partnerships and consumer fintech lending. He is currently the Chief Commercial Officer with Wisr Limited and a director of related companies. Mr. Spork has extensive experience in the Funds Management, Banking and Financial Services sectors. Mr. Spork is also currently a director of Clime Capital Limited. Mr. Spork is also a director of PM Capital Global Opportunities Fund Limited and PM Asian Opportunities Limited. Announcement • Oct 02
Clime Investment Management Limited Announces Chairman Changes The Board of Clime Investment Management Limited announced the appointment of Mr. Neil Schafer (who is an existing non-executive director) as Chairman of the
Company and the resignation of Mr. Donald McLay as non-executive director and Chairman of the Company, each effective Thursday, 1 October 2020. 