Announcement • May 09
Yowie Group Limited (ASX:YOW) proposed to acquire Keybridge Capital Limited (ASX:KBC). Yowie Group Limited (ASX:YOW) proposed to acquire Keybridge Capital Limited (ASX:KBC) on May 9, 2025. The consideration consists of common equity of Yowie Group Limited at a ratio of 1 per common equity of Keybridge Capital Limited.
The transaction is subject to approval of offer by acquirer shareholders. The transaction is subject to minimum acceptance shares of 50.1%. Announcement • Nov 07
Keybridge Capital Limited, Annual General Meeting, Nov 29, 2024 Keybridge Capital Limited, Annual General Meeting, Nov 29, 2024. Location: roof top conference centre, level 7, 370 st kilda road, melbourne, vic 3004 Australia New Risk • Sep 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 436% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (436% accrual ratio). Market cap is less than US$10m (AU$10.0m market cap, or US$6.71m). Reported Earnings • Sep 04
Full year 2024 earnings released: EPS: AU$0.064 (vs AU$0.043 loss in FY 2023) Full year 2024 results: EPS: AU$0.064 (up from AU$0.043 loss in FY 2023). Revenue: AU$27.5m (down 49% from FY 2023). Net income: AU$13.3m (up AU$22.3m from FY 2023). Profit margin: 49% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Aug 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman & Company Secretary John Patton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman & Company Secretary John Patton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman & Company Secretary John Patton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
Keybridge Capital Limited, Annual General Meeting, Nov 27, 2023 Keybridge Capital Limited, Annual General Meeting, Nov 27, 2023, at 10:00 AUS Eastern Standard Time. Location: Roof Top Conference Room Level 7 370 St Kilda Road Melbourne Victoria Australia Agenda: To consider and receive the Directors' Report, Financial Statements and Auditor's Report of the Company for the financial year ended 30 June 2023; to consider election of John Patton as Director; and to consider adoption of 2023 Remuneration Report. Reported Earnings • Oct 01
Full year 2023 earnings released: AU$0.043 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.043 loss per share (further deteriorated from AU$0.004 loss in FY 2022). Revenue: AU$54.1m (down 89% from FY 2022). Net loss: AU$8.95m (loss widened AU$8.19m from FY 2022). Reported Earnings • Sep 01
Full year 2023 earnings released Full year 2023 results: Revenue: AU$54.4m (down 89% from FY 2022). Net loss: AU$8.95m (loss widened AU$8.19m from FY 2022). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (AU$10.0m market cap, or US$6.47m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Aug 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Company Secretary & Non-Executive Director John Patton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 13
Keybridge Capital Limited Appoints John Patton as Non-Executive Director Keybridge Capital Limited announced that Mr. John Patton has been appointed as a non-executive director of the Company. Previously, Mr. Patton served as a non-executive director between 10 August 2016 and 21 January 2020, serving as Chairman from 13 October 2016. Mr. Patton is a senior executive with extensive finance experience in the corporate and professional services sectors. John was previously a partner with Ernst & Young in the Transactions Advisory Services division. With over 35 years of professional services and industry experience, John has extensive corporate finance credentials, having been involved in over 150 corporate transactions, including mergers & acquisitions (lead advisory), structuring, debt & equity raisings, IPO's, management buy-outs, valuations (including Independent Expert Reports), due diligence, financial modelling, restructuring and corporate advisory. Mr. Patton has a Bachelor of Economics from Monash University, Melbourne. He is a member of the Institute of Chartered Accountants in Australia and a Fellow of Finsia Financial Services Institute of Australasia. Mr. Patton is also a non-executive director of the following ASX listed companies: Metgasco Ltd.; and Yowie Group Ltd. Mr. Jeremy Kriewaldt who joined the Keybridge Board in October 2016 and assumed the role of Chairman on 30 October 2020, has resigned as a Director of the Company. The Board would like to thank Jeremy for his service to the Company over the past 7 years and wishes him the very best for the future. Mr. Kriewaldt, being an experienced commercial lawyer with over 35 years practising experience, is now free to act for the Company as its lawyer going forward. Board Change • May 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Antony Catalano was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Antony Catalano was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 02
First half 2023 earnings released: AU$0.016 loss per share (vs AU$0.021 profit in 1H 2022) First half 2023 results: AU$0.016 loss per share (down from AU$0.021 profit in 1H 2022). Revenue: AU$32.5m (down 87% from 1H 2022). Net loss: AU$3.23m (down 172% from profit in 1H 2022). Board Change • Mar 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Jan 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. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Jan 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Nov 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Oct 21
Keybridge Capital Limited, Annual General Meeting, Nov 21, 2022 Keybridge Capital Limited, Annual General Meeting, Nov 21, 2022, at 11:01 AUS Eastern Standard Time. Location: Level 7, 370 St Kilda Road, Melbourne, Victoria Melbourne Australia Agenda: To consider and receive the Directors' Report, Financial Statements and Auditor's Report of the Company for the financial year ended 30 June 2022; to Re-Election of Antony Catalano as Director; to Adoption of 2022 Remuneration Report; and to consider other business matters. Board Change • Oct 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. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Sep 03
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.015 profit in FY 2021) Full year 2022 results: AU$0.004 loss per share (down from AU$0.015 profit in FY 2021). Revenue: AU$485.2m (up AU$414.4m from FY 2021). Net loss: AU$753.9k (down 126% from profit in FY 2021). Board Change • Aug 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • May 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Apr 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Mar 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • 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. 3 non-independent directors. Non-Executive Director Antony Catalano 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. Recent Insider Transactions • Dec 24
CEO, MD & Director recently bought AU$143k worth of stock On the 17th of December, Nicholas Francis Bolton bought around 2m shares on-market at roughly AU$0.077 per share. This was the largest purchase by an insider in the last 3 months. Nicholas Francis has been a buyer over the last 12 months, purchasing a net total of AU$287k worth in shares. Board Change • Sep 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Antony Catalano 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 • Sep 03
Full year 2021 earnings released The company reported a soft full year result with weaker revenues and profit margins, although earnings were improved. Full year 2021 results: Revenue: AU$71.2m (down 10,873% from FY 2020). Net income: AU$2.99m (up AU$6.84m from FY 2020). Profit margin: 4.2% (down from 582% in FY 2020). 
