New Risk • Jul 22
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 10x cash flows per share. Dividend yield: 4.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jul 18
Upcoming dividend of AU$3.29 per share at 1.3% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Australian dividend payers (7.4%). Lower than average of industry peers (1.8%). Announcement • Jul 13
Blackmores Limited Announces Fully Franked Special Dividend, Payable on 1 August 2023 Blackmores Limited provided the following update in relation to the proposed Scheme of Arrangement (Scheme) under which all of the issued shares in Blackmores will be acquired by Kirin Health Science Australia Pty Ltd. (Kirin Sub), a wholly owned subsidiary of Kirin Holdings Company, Limited (Kirin). The Blackmores Directors have determined to pay a fully franked special dividend of $3.29 (Special Dividend) in respect of Blackmores Shares held on the record date for the Special Dividend, being 7:00pm (Sydney time) on 26 July 2023. Payment of the Special Dividend is conditional on the Scheme becoming effective. If the Scheme becomes effective, payment of the Special Dividend is expected to occur on 1 August 2023. In addition to the Special Dividend and subject to the Scheme becoming legally effective, Blackmores Shareholders will also be sent $91.71 cash per Blackmores Share on the Implementation Date for the Scheme (expected to be 10 August 2023) in respect of Blackmores Shares held at 7:00pm on 2 August 2023. Price Target Changed • Apr 29
Price target increased by 17% to AU$86.73 Up from AU$74.10, the current price target is an average from 8 analysts. New target price is 8.7% below last closing price of AU$94.95. Stock is up 31% over the past year. The company is forecast to post earnings per share of AU$2.15 for next year compared to AU$1.58 last year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$94.26, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 23x in the Personal Products industry globally. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$71.49 per share. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.87 per share at 1.2% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$1.25 (vs AU$1.05 in 1H 2022) First half 2023 results: EPS: AU$1.25 (up from AU$1.05 in 1H 2022). Revenue: AU$338.7m (down 2.4% from 1H 2022). Net income: AU$24.3m (up 20% from 1H 2022). Profit margin: 7.2% (up from 5.8% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Personal Products industry in Oceania. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to AU$87.05, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 23x in the Personal Products industry globally. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$77.41 per share. Announcement • Nov 26
Blackmores Limited Announces Executive Changes Blackmores Limited announced that Ms Anne Templeman-Jones has notified the Board of her decision to step down as Chair and Non-Executive Director of the Company. The Company announces that Wendy Stops will succeed Anne as Chair of Blackmores. Blackmores has successfully navigated through unprecedented challenges during that time, including the impacts of the COVID-19 pandemic, global supply chain disruption and volatile market conditions. During this period, the Company has also made a number of strategic investments that have strengthened its operations, improved its quality of earnings and returned the Company to two consecutive years of growth. Wendy Stops was appointed to the Board as an Independent Non-Executive Director on 28 April 2021 and is currently Chair of the Company's Risk and Technology Committee and is a member of the People & Remuneration and Nominations Committees. Wendy is an experienced Non-Executive Director and is on the Board of Coles Group Limited and was previously a Non-Executive Director of the Commonwealth Bank of Australia and Altium Limited. Wendy's extensive executive leadership and management skills in global information technology and operational, quality and risk management expertise, with senior executive leadership roles in Asia Pacific and globally have already added significant value to Blackmores. 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. 1 experienced director. No highly experienced directors. CEO, MD & Director Alastair Symington is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 07
Buyer Reportedly to Buy Blackmores There is renewed talk that a prospective buyer - probably a trade buyer from overseas - is looking at vitamin supplements business Blackmores Limited (ASX:BKL) with its $65 share price its lowest level in five years and its market value at $1.3 billion. It comes with suggestions Driscoll's may be working with Paine Schwartz Partners to buy Australian-listed fruit and vegetable grower and marketer Costa Group down the track. One market expert said both Blackmores and Costa are perennial candidates for mergers and acquisitions, and Blackmores' 30% shareholder, Marcus Blackmore - the company's former longstanding Executive Chairman and board member from 1973 to 2021 - has made it clear he is a seller of the company founded by his father, Maurice. He earlier hired Rothschild & Co to scan the market for a buyer, and in recent weeks was vocal at the annual general meeting with his discontent over the company's directors, arguing they did not have an appetite for calculated risk or enough understanding of the company that should have entered the India market some time ago. Announcement • Oct 28
Blackmores Limited Appoints Lyn Nikolopoulos as Joint Company Secretary, Effective 28 October 2022 Blackmores Limited announced in accordance with Listing Rule 3.16.1, the appointment of Ms. Lyn Nikolopoulos as Joint Company Secretary effective 28 October 2022. In accordance with ASX Listing Rule 12.6, Ms. Nikolopoulos will be co-responsible for communications with the ASX effective 28 October 2022. Helen Mediati remains Group General Counsel and Company Secretary of Blackmores. Recent Insider Transactions • Sep 06
Independent Non-Executive Director recently bought AU$52k worth of stock On the 30th of August, Stephen Roche bought around 750 shares on-market at roughly AU$68.72 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$409k more in shares than they have sold in the last 12 months. Price Target Changed • Aug 29
Price target decreased to AU$74.34 Down from AU$81.08, the current price target is an average from 9 analysts. New target price is 7.4% above last closing price of AU$69.22. Stock is down 31% over the past year. The company is forecast to post earnings per share of AU$2.17 for next year compared to AU$1.58 last year. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$68.73, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Personal Products industry globally. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$111 per share. Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.32 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 19 September 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: AU$1.58 (up from AU$1.24 in FY 2021). Revenue: AU$651.2m (up 13% from FY 2021). Net income: AU$30.6m (up 28% from FY 2021). Profit margin: 4.7% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 9.6%, compared to a 15% growth forecast for the Personal Products industry in Australia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 18
Blackmores Limited Declares Final Dividend for the Ended 30 June 2022, Payable on 19 September 2022 On 18 August 2022, Directors of Blackmores Limited declared a final dividend for the ended 30 June 2022 of 32 cents per share fully franked, payable on 19 September 2022 to shareholders registered on 1 September 2022. This will bring total ordinary dividends to 95 cents per share fully franked (2021: 71 cents per share) for the full year. Announcement • Aug 11
Blackmores Limited Announces Management Changes Blackmores Limited announced the appointment of Ms. Helen Mediati as Company Secretary effective 11 August 2022. Ms. Mediati was appointed as Group General Counsel on 12 April 2022 and brings to Blackmores significant ASX listed, M&A and operational legal experience in-house and in private practice covering operations, governance, secretariat and corporate functions. Mr. William Hundy will resign from his role as Company Secretary effective 11 August 2022. Announcement • Jul 05
Blackmores Limited, Annual General Meeting, Oct 20, 2022 Blackmores Limited, Annual General Meeting, Oct 20, 2022. Announcement • Jun 15
Blackmores Limited Announces Resignation of David Ansell as Director, Effective 30 June, 2022 Blackmores Limited announces that David Ansell, Independent Non-Executive Director, has provided the company with notice of his resignation effective 30 June, 2022. David has served as a Director since 22 October 2013 and has served on all Committees, most recently as Chair of the People and Remuneration Committee. Buying Opportunity • Jun 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be AU$90.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Buying Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be AU$90.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. Independent & Non-Executive Director David Ansell is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 04
Blackmores Limited Announces Change of Company Secretary Blackmores Limited advised that Mr. Richard Conway will resign as Group General Counsel & Company Secretary effective 7 April 2022 and will leave Blackmores to pursue personal interests. The Board has appointed Mr. Bill Hundy as Company Secretary on 4 April 2022. In accordance with ASX Listing Rule 12.6, Mr. Hundy will be responsible for communications with the ASX. Upcoming Dividend • Mar 15
Upcoming dividend of AU$0.63 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 12 April 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Australian dividend payers (5.9%). Lower than average of industry peers (1.9%). Price Target Changed • Mar 01
Price target decreased to AU$85.26 Down from AU$92.56, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of AU$82.65. Stock is up 4.8% over the past year. The company is forecast to post earnings per share of AU$1.67 for next year compared to AU$1.24 last year. Reported Earnings • Feb 27
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: EPS: AU$1.05 (up from AU$0.73 in 1H 2021). Revenue: AU$346.0m (up 14% from 1H 2021). Net income: AU$20.3m (up 44% from 1H 2021). Profit margin: 5.9% (up from 4.7% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 13%, compared to a 20% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 50% 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 • Feb 25
Blackmores Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on April 12, 2022 Blackmores Limited announced dividend for the six months ended December 31, 2021 of AUD 0.63000000 per share. Ex-date is March 22, 2022. Record date is March 23, 2022. Payment date is April 12, 2022. Major Estimate Revision • Feb 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$648.4m to AU$659.3m. EPS estimate fell from AU$1.96 to AU$1.72 per share. Net income forecast to grow 40% next year vs 16% growth forecast for Personal Products industry in Australia. Consensus price target down from AU$92.56 to AU$87.05. Share price fell 16% to AU$75.31 over the past week. Buying Opportunity • Feb 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be AU$113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% per annum over the last 3 years. Earnings per share has declined by 67% per annum over the last 3 years. Recent Insider Transactions • Nov 14
Independent Non-Executive Director recently bought AU$151k worth of stock On the 11th of November, Erica Mann bought around 1k shares on-market at roughly AU$101 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$416k more in shares than they have sold in the last 12 months. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. Independent & Non-Executive Director David Ansell is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Independent & Non-Executive Director David Ansell is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Sep 28
Price target increased to AU$93.63 Up from AU$86.80, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of AU$93.85. Stock is up 49% over the past year. Price Target Changed • Sep 06
Price target increased to AU$89.85 Up from AU$82.95, the current price target is an average from 9 analysts. New target price is 5.9% below last closing price of AU$95.50. Stock is up 52% over the past year. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 01
Director Sharon Warburton has joined 5th company board Independent Non-Executive Director Sharon Warburton has been appointed to the board of Northern Star Resources Limited (ASX:NST). Warburton now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.42 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 24 September 2021. Trailing yield: 0.9%. Lower than top quartile of Australian dividend payers (5.2%). Lower than average of industry peers (1.5%). Price Target Changed • Aug 30
Price target increased to AU$82.74 Up from AU$76.29, the current price target is an average from 8 analysts. New target price is 15% below last closing price of AU$97.30. Stock is up 54% over the past year. Reported Earnings • Aug 27
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$590.0m (up 3.2% from FY 2020). Net income: AU$24.0m (up 58% from FY 2020). Profit margin: 4.1% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Executive Departure • Aug 03
Independent Non-Executive Director Christine Holman has left the company On the 28th of July, Christine Holman's tenure as Independent Non-Executive Director ended after 2.4 years in the role. As of March 2021, Christine still personally held 2.91k shares (AU$213k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • May 12
Independent Non-Executive Director recently bought AU$171k worth of stock On the 10th of May, Wendy Stops bought around 3k shares on-market at roughly AU$68.20 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Mar 15
Upcoming Dividend of AU$0.29 Per Share Will be paid on the 12th of April to those who are registered shareholders by the 22nd of March. The trailing yield of 0.7% is below the top quartile of Australian dividend payers (5.4%), and is lower than industry peers (1.7%). Is New 90 Day High Low • Mar 10
New 90-day high: AU$83.11 The company is up 3.0% from its price of AU$80.86 on 10 December 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Personal Products 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 AU$136 per share. Major Estimate Revision • Mar 02
Analysts lower EPS estimates to AU$1.70 The 2021 consensus revenue estimate was lowered from AU$609.3m to AU$595.8m. Earning per share (EPS) estimate was also lowered from AU$1.94 to AU$1.70 for the same period. Net income is expected to grow by 267% next year compared to 23% growth forecast for the Personal Products industry in Australia. The consensus price target increased from AU$71.15 to AU$78.60. Share price is up 6.5% to AU$78.89 over the past week. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.70 (vs AU$0.99 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: AU$303.0m (up 3.1% from 1H 2020). Net income: AU$13.5m (down 21% from 1H 2020). Profit margin: 4.5% (down from 5.9% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 25
Price target raised to AU$76.38 Up from AU$71.15, the current price target is an average from 8 analysts. The new target price is 6.2% below the current share price of AU$81.41. As of last close, the stock is up 22% over the past year. Announcement • Jan 05
Blackmores Limited Announces Resignation of Nimalan Rutnam as Joint Company Secretary Blackmores Limited advised of the resignation of Nimalan Rutnam as Joint Company Secretary, with effect from 4 January 2021. Cecile Cooper remains as Company Secretary of Blackmores. Is New 90 Day High Low • Nov 26
New 90-day high: AU$80.73 The company is up 24% from its price of AU$65.01 on 28 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$90.43 per share. Announcement • Oct 29
McPherson's Limited (ASX:MCP) entered into an agreement to acquire Global Therapeutics Pty Ltd from Blackmores Limited (ASX:BKL) for an enterprise value of AUD 27 million. McPherson's Limited (ASX:MCP) entered into an agreement to acquire Global Therapeutics Pty Ltd from Blackmores Limited (ASX:BKL) for an enterprise value of AUD 27 million on October 26, 2020. The consideration will be paid in cash and will be subject to customary working capital and completion adjustments. Acquisition is funded by a fully underwritten AUD 36.5 million institutional placement and non-underwritten share purchase plan to raise up to AUD 10 million. Global Therapeutics Pty Ltd reported sales of AUD 20 million and EBIT of AUD 3.7 million as of December 31, 2019. The transaction represented implied acquisition multiple of approximately 7.4x Enterprise Value / EBIT as of December 31, 2019. The transaction is subject to conditions in relation to the transfer of a minimum number of employees and material contracts and there being no material adverse change to the business and is subject to customary adjustments for working capital. The transaction is expected to complete on November 30, 2020. The transaction is expected to be EPS accretive. Announcement • Aug 26
Blackmores Limited Not Providing Full Year Profit Outlook for Fiscal Year 2021 Blackmores Limited announced that despite the additional cost variances which will arise from its first full year of Braeside manufacturing ownership, The company anticipates full year profit growth in FY21. This profit growth will come predominantly from the second half of the fiscal year, but given the many uncertainties associated with COVID-19 the company not providing full year profit outlook for FY21. Announcement • Aug 25
Blackmores Limited Not Pay Final Dividend in Respect of the Period Ended 30 June 2020 Blackmores Limited's directors resolved on 24 August 2020 to not pay a final dividend in respect of the period ended 30 June 2020. Announcement • Jul 09
Blackmores Limited has completed a Follow-on Equity Offering in the amount of AUD 48.56137 million. Blackmores Limited has completed a Follow-on Equity Offering in the amount of AUD 48.56137 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 669,812
Price\Range: AUD 72.5