New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (AU$67.4m market cap, or US$48.0m). Announcement • Oct 01
Raiz Invest Limited, Annual General Meeting, Nov 19, 2025 Raiz Invest Limited, Annual General Meeting, Nov 19, 2025. Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: AU$0 (vs AU$0.006 loss in FY 2024) Full year 2025 results: EPS: AU$0 (improved from AU$0.006 loss in FY 2024). Revenue: AU$24.1m (up 6.5% from FY 2024). Net loss: AU$14.0k (loss narrowed 98% from FY 2024). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Mar 11
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 12% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$52.7m market cap, or US$33.1m). Announcement • Mar 11
Raiz Invest Limited Announces Executive Changes Raiz Invest Limited announced that Ms Farhaana Desai has been appointed as the Company's new Chief Risk Officer and Company Secretary effective immediately. Ms. Desai brings to the role significant experience as a Company Secretary and Risk and Compliance executive, demonstrating a proven track record in funds management and superannuation. Ms. Desai also holds a Bachelor of Laws, Bachelor of Business (Accountancy) and Diploma of Corporate Governance. As a result of Ms Desai's appointment, the Company is no longer using Automic Group as its corporate secretarial supplier, and Ms Dietrich has resigned from her role as Company Secretary. Recent Insider Transactions • Mar 09
Non-Executive Director recently bought AU$121k worth of stock On the 28th of February, Paul Rogan bought around 200k shares on-market at roughly AU$0.61 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$138k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 01
First half 2025 earnings released: AU$0.012 loss per share (vs AU$0.016 loss in 1H 2024) First half 2025 results: AU$0.012 loss per share (improved from AU$0.016 loss in 1H 2024). Revenue: AU$11.6m (up 2.8% from 1H 2024). Net loss: AU$892.0k (loss narrowed 39% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jan 13
Raiz Invest Limited Announces Board and Committee Changes Raiz Invest Limited announced the appointment of Ms. Juliana Nguyen and Mr. Paul Rogan as Non-Executive Directors, effective 13 January 2025. Raiz has a clear growth strategy to acquire new customers, leverage strategic partnerships, and expand its product suite. The new Directors bring relevant expertise to help further refine and support the ongoing successful execution of the strategy. Juliana is currently an Advisor to AirTree, a large venture capital business and a Non- Executive Director of the The Royal Hospital for Women Foundation. She was formerly a Non- Executive Director at McGrath Limited. Juliana has extensive international experience in marketing and general management roles across a broad range of industries. She is an accomplished leader with expertise in establishing and transforming brands and developing businesses, ranging from large multinationals to tech start-ups. Juliana will serve as the Chair of the Nomination, Remuneration and Culture Committee. Paul is the current Chairman and Non-Executive Director of HUB24 Limited and a Non-Executive Director of Household Capital Pty Ltd. and Fourth Line Pty Ltd. He was formerly a Non-Executive Director of EQT Superannuation Ltd. Paul has significant senior executive experience in the financial services and wealth management sectors, most recently serving as Chief Executive - Distribution, Product and Marketing, Executive General Manager - Capital Risk and Strategy and Group CFO with Challenger Limited. Paul will serve as Chair of the Risk and Technology Committee. Recent Insider Transactions Derivative • Jan 08
Group CEO exercised options to buy AU$106k worth of stock. On the 31st of December, Brendan Malone exercised options to buy 175k shares at a strike price of around AU$0.50, costing a total of AU$88k. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. Since March 2024, Brendan's direct individual holding has increased from 2.36m shares to 2.46m. Company insiders have collectively bought AU$551k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Oct 25
Raiz Invest Limited, Annual General Meeting, Nov 26, 2024 Raiz Invest Limited, Annual General Meeting, Nov 26, 2024. Location: bdo sydney,11/1 margaret street sydney, nsw, 2000, Australia Reported Earnings • Aug 27
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.074 loss in FY 2023) Full year 2024 results: AU$0.02 loss per share (improved from AU$0.074 loss in FY 2023). Revenue: AU$22.6m (up 18% from FY 2023). Net loss: AU$599.0k (loss narrowed 91% from FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Raiz Invest Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Raiz Invest Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (AU$37.2m market cap, or US$24.5m). Recent Insider Transactions Derivative • Mar 13
Group CEO exercised options to buy AU$800k worth of stock. On the 12th of March, Brendan Malone exercised options to buy 2m shares at a strike price of around AU$0.20, costing a total of AU$406k. This transaction amounted to 604% of their direct individual holding at the time of the trade. Since June 2023, Brendan has owned 335.40k shares directly. Company insiders have collectively bought AU$481k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 21
Raiz Invest Limited to Report First Half, 2024 Results on Feb 26, 2024 Raiz Invest Limited announced that they will report first half, 2024 results on Feb 26, 2024 Announcement • Nov 29
Raiz Invest Limited Announces Resignation of Philippa Taylor as Chair of Nomination, Remuneration and Culture Committee and Member of the Board Raiz Invest Limited announced the resignation of Ms. Philippa Taylor as Chair of Nomination, Remuneration and Culture Committee and Member of the Board with effect from the close of the Annual General Meeting, scheduled for 28 November 2023. The Company announced that the appointment of Mr. Jon Brett and Mr. Robert Hines as announced to the ASX on 21 November 2023 will be brought forward and be effective from the close of the AGM. Announcement • Nov 21
Raiz Invest Limited Announces Board Appointments, Effective 15 December 2023 Raiz Invest Limited (Raiz or the Company) announced changes to its Board, with the addition of two non-executive directors, Mr. Jon Brett and Mr. Robert Hines, with effect from 15 December 2023. Mr. Brett was formerly an executive director of Investec Wentworth Private Equity Limited, and an executive of Investec Bank (Australia) Limited. Jon was also the Managing Director and CEO of Techway Limited which pioneered internet banking in Australia. Jon currently sits on a number of ASX and commercial boards and brings extensive strategic, governance and management experience to Raiz, particularly in the areas of finance and digital operations. Mr. Hines has over 35 years' experience in banking, finance and funds management services, agriculture and energy sectors and senior executive roles in finance, retail, and operations. Robert has held executive positions of Chief Financial Officer and Chief Operating Officer at some of Australia's leading companies including Queensland Sugar Limited, Queensland Investment Corporation, Bank of Queensland Limited and Suncorp Group Limited. Robert currently sits on a number of listed and unlisted boards and brings extensive financial and operational skills to the Company. Announcement • Sep 22
Raiz Invest Limited Announces Change of Company Secretary Raiz Invest Limited announced that Mr. Lee Tamplin of Automic Group has resigned as Company Secretary of the Company, effective 22 September 2023. Mr. Tamplin tendered his resignation from Automic Group and will be replaced by Mr. Max Crowley as Company Secretary, effective immediately. 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. 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. For the purpose of ASX Listing Rule 12.6, Mr. Crowley is the person responsible for communications between the Company and ASX. Reported Earnings • Aug 29
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: AU$19.2m (flat on FY 2022). Net loss: AU$6.90m (loss narrowed 28% from FY 2022). Revenue missed analyst estimates by 4.8%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Raiz Invest Limited, Annual General Meeting, Nov 28, 2023 Raiz Invest Limited, Annual General Meeting, Nov 28, 2023. Announcement • Aug 23
Raiz Invest Limited Announces the Resignation of Harvey Kalman as Director, Effective 31 August 2023 Raiz Invest Limited announced changes to its Board, with the resignation of Mr. Harvey Kalman with effect from 31 August 2023, following his recent appointment as Executive Chair at PAC Capital Pty Limited. The Board will be commencing a search process for a new Director. Announcement • May 10
Raiz Invest Limited Announces Board Changes Raiz Invest Limited announces changes to its Board, with the resignation of Mr. Stuart Grimshaw with effect from 31 May 2023, following his recent appointment as CEO at Humm Group Limited. Ms Kelly Humphreys has been appointed interim Chair of the Board, with effect from 1 June 2023. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.04 loss per share (vs AU$0.04 loss in 1H 2022) First half 2023 results: AU$0.04 loss per share (in line with 1H 2022). Revenue: AU$9.89m (up 1.5% from 1H 2022). Net loss: AU$4.15m (loss widened 28% from 1H 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Board Change • Nov 16
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. No highly experienced directors. Independent Non-Executive Director Kelly Humphreys is the most experienced director on 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 board continuity. Lack of experienced directors. Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.11 loss per share (vs AU$0.046 loss in FY 2021) Full year 2022 results: AU$0.11 loss per share (down from AU$0.046 loss in FY 2021). Revenue: AU$19.3m (up 39% from FY 2021). Net loss: AU$9.63m (loss widened 174% from FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 25
Raiz Invest Limited, Annual General Meeting, Nov 25, 2022 Raiz Invest Limited, Annual General Meeting, Nov 25, 2022. Announcement • Aug 12
Raiz Invest Limited Announces Executive Changes Raiz Invest Limited announced following the resignation of Mr. Andrew Palfreyman, Mr. Lee Tamplin and Mr. Michael Austin have been appointed as joint Company Secretaries, effective immediately. Both Mr. Tamplin and Mr. Austin are colleagues of Mr. Palfreyman at the Automic Group. Mr. Tamplin is a governance and compliance professional and is currently Company Secretary for a number of ASX listed and unlisted public and private companies. He holds an honours degree in Financial Services, has completed a Graduate Diploma of Applied Corporate Governance and Risk Management and is a graduate of the Australian Institute of Company Directors. Mr. Austin has over five years' experience as a company secretary in both the commercial and non-for-profit sectors. He is a solicitor and holds double honours degrees in Arts and Law from Macquarie University. Michael has completed a Graduate Diploma of Applied Corporate Governance and Risk Management and is a Chartered Secretary and a Fellow of the Governance Institute of Australia. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Kelly Humphreys is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Stuart Grimshaw was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 06
Non-Executive Director recently bought AU$52k worth of stock On the 28th of February, Philippa Taylor bought around 44k shares on-market at roughly AU$1.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$170k more in shares than they have sold in the last 12 months. Price Target Changed • Feb 26
Price target decreased to AU$2.15 Down from AU$2.54, the current price target is provided by 1 analyst. New target price is 89% above last closing price of AU$1.14. Stock is down 31% over the past year. The company posted a net loss per share of AU$0.046 last year. Announcement • Feb 01
Raiz Invest Limited Announces Appointment of Philippa Taylor as A Non-Executive Director Raiz Invest Limited announced the appointment of Philippa Taylor as a non-executive director, effective 1 February. Ms Taylor will bring to the position two decades of board experience, including as Chair of remuneration and nomination committees, as well as a varied executive career at customer-centric industries, including CEO at Deakin Health and Sports Centre (since acquired by Fitness First) and Global Director, People and Culture for SMS Management and Technology (now part of NRI). Price Target Changed • Jan 21
Price target increased to AU$2.54 Up from AU$2.12, the current price target is provided by 1 analyst. New target price is 67% above last closing price of AU$1.52. Stock is up 21% over the past year. The company posted a net loss per share of AU$0.046 last year. Price Target Changed • Jan 21
Price target increased to AU$2.54 Up from AU$2.12, the current price target is provided by 1 analyst. New target price is 67% above last closing price of AU$1.52. Stock is up 21% over the past year. The company posted a net loss per share of AU$0.046 last year. Announcement • Dec 07
Raiz Invest Limited announced that it has received AUD 2.5 million in funding from Seven West Media Limited On December 6, 2021, Raiz Invest Limited closed the transaction. Breakeven Date Change • Dec 03
Forecast breakeven date pushed back to 2023 The 2 analysts covering Raiz Invest previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 89% to 2022. The company is expected to make a profit of AU$3.20m in 2023. Average annual earnings growth of 142% is required to achieve expected profit on schedule. Executive Departure • Dec 03
Independent Director David Gordon has left the company On the 1st of December, David Gordon's tenure as Independent Director ended after 3.6 years in the role. As of September 2021, David still personally held 1.62m shares (AU$2.8m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Price Target Changed • Dec 01
Price target increased to AU$2.20 Up from AU$2.03, the current price target is an average from 2 analysts. New target price is 23% above last closing price of AU$1.79. Stock is up 83% over the past year. The company is forecast to post earnings per share of AU$0.021 next year compared to a net loss per share of AU$0.046 last year. Announcement • Nov 30
Raiz Invest Limited announced that it expects to receive AUD 2.5 million in funding from Seven West Media Limited Raiz Invest Limited announced it has entered into an agreement for private placement of 1,546,073 shares for AUD 1.617 per share for gross proceeds of AUD 2,500,000 on November 30, 2021. The transaction will include participation from new investor Seven West Media Limited. The transaction is expected to close on December 3, 2021. The shares will be subject to voluntary escrow for a period of 24 months from the date of issue. Board Change • Nov 05
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 Kelly Humphreys was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 07
Company Secretary Elizabeth McGregor has left the company On the 3rd of September, Elizabeth McGregor's tenure as Company Secretary ended after 1.4 years in the role. We don't have any record of a personal shareholding under Elizabeth's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • Sep 03
Raiz Invest Receives Letter from George Lucas On September 2, 2021, Raiz Invest Limited announced that it has received a letter from George Lucas, with a notice pursuant to section 249D of the Corporations Act. In the letter, George requires the company to convene a general meeting to put a proposal to members to vote on whether to remove 3 of the company’s 4 Non-Executive Directors; Kevin Moore, Kelly Humphreys and, Nina Finlayson. Reported Earnings • Aug 25
Full year 2021 earnings released: AU$0.05 loss per share (vs AU$0.063 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$14.0m (up 36% from FY 2020). Net loss: AU$3.52m (loss narrowed 22% from FY 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
First half 2021 earnings released: AU$0.03 loss per share (vs AU$0.04 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$5.69m (up 18% from 1H 2020). Net loss: AU$2.25m (loss narrowed 7.4% from 1H 2020). Is New 90 Day High Low • Feb 15
New 90-day high: AU$1.90 The company is up 124% from its price of AU$0.85 on 17 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day high: AU$1.35 The company is up 83% from its price of AU$0.73 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: AU$1.06 The company is up 47% from its price of AU$0.72 on 07 October 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 20
New 90-day high: AU$0.90 The company is up 3.0% from its price of AU$0.86 on 21 August 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Nov 12
Raiz Invest Limited Announces Changes to Its Board, Effective 1 December 2020 Raiz Invest Limited announced the appointment of Kevin Moore as a non-executive director and Chairman, effective 1 December 2020. Moore, a digital marketing specialist who brings multinational board and governance experience to the role, focuses on growth companies with turnovers of between $10 million and $100 million. Moore's appointment coincides with the resignation of Peter Anthony (Tony) Fay as a non-executive director and Chairman of Raiz effective 1 December 2020.