Board Change • May 12
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. Non-Executive Independent Chairman Mark Hardgrave was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.021 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (improved from AU$0.021 loss in 1H 2025). Revenue: AU$9.04m (down 27% from 1H 2025). Net loss: AU$345.0k (loss narrowed 90% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Announcement • Oct 21
Prestal Holdings Limited, Annual General Meeting, Nov 20, 2025 Prestal Holdings Limited, Annual General Meeting, Nov 20, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.025 loss per share (vs AU$0.12 loss in FY 2024) Full year 2025 results: AU$0.025 loss per share (improved from AU$0.12 loss in FY 2024). Revenue: AU$15.0m (down 28% from FY 2024). Net loss: AU$4.26m (loss narrowed 80% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 51% per year, which means it has not declined as severely as earnings. New Risk • Mar 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 229% Dividend yield: 33% 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. Paying a dividend despite being loss-making. Cash payout ratio: 229% Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (AU$11.9m market cap, or US$7.40m). Announcement • Feb 20
Prestal Holdings Limited Announces Board Changes, Effective 1 March 2025 Prestal Holdings Limited announced the appointment of Sam Johnstone as director replacing Fred Harrison who has resigned, both effective 1 March 2025. After initially working in investment banking, Sam joined Penfold Motors in 1999. He worked in various facets of the business including service and parts, and for 12 years ran Penfold Mazda as its Dealer Principal-Penfold Mazda was the largest Mazda Dealership in Victoria and one of the largest in Australia. Sam's most recent role was as Penfold Motor Groups' Managing Director. This encompassed 5 brands operating over 10 sites in 3 primary locations of Burwood, Doncaster and Frankston. In 2021 Sam oversaw the sale of Penfold to Peter Warren Automotive Holdings. Sam continued as Managing Director of the Penfold operation under PWAH for two years following the sale. Sam holds an MBA from Monash University. Fred Harrison has resigned due to work commitments as CEO of Ritchies IGA. Announcement • Oct 16
Prestal Holdings Limited, Annual General Meeting, Nov 14, 2024 Prestal Holdings Limited, Annual General Meeting, Nov 14, 2024. Reported Earnings • Oct 08
Full year 2024 earnings released: AU$0.12 loss per share (vs AU$0.029 profit in FY 2023) Full year 2024 results: AU$0.12 loss per share (down from AU$0.029 profit in FY 2023). Revenue: AU$20.9m (down 82% from FY 2023). Net loss: AU$20.9m (down AU$25.8m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (AU$13.3m market cap, or US$9.16m). Minor Risk Paying a dividend despite being loss-making. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 49% 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 49% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$15.3m market cap, or US$10.4m). Reported Earnings • Feb 29
First half 2024 earnings released: AU$0.12 loss per share (vs AU$0.013 profit in 1H 2023) First half 2024 results: AU$0.12 loss per share (down from AU$0.013 profit in 1H 2023). Revenue: AU$17.2m (down 13% from 1H 2023). Net loss: AU$19.9m (down AU$22.1m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 28
First half dividend of AU$0.06 announced Shareholders will receive a dividend of AU$0.06. Ex-date: 1st March 2024 Payment date: 11th March 2024 Dividend yield will be 16%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (36% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. Board Change • Dec 01
Insufficient new 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. MD, CEO & Director Charles McLeish was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 24
Prestal Holdings Limited Announces Board Retirements Prestal Holdings Limited advised that its directors Jeff Miciulis and Kerrie Parker will retire at the Annual General Meeting to be held on 30 November 2023, but not offer themselves for re-election. Announcement • Sep 15
Selleys entered into binding transaction agreement to acquire Shepparton manufacturing facility from Pental Limited (ASX:PTL) for AUD 15 million. Selleys entered into binding transaction agreement to acquire Shepparton manufacturing facility from Pental Limited (ASX:PTL) for AUD 15 million on September 13, 2023. The consideration is on a debt and cash free basis. The transaction is subject to completion adjustments and certain conditions precedent, including Pental shareholder approval and an independent expert concluding that the transaction is fair and reasonable. The Pental Board unanimously recommends this transaction to shareholders. Subject to the satisfaction of the conditions precedent, completion is expected to occur on or around October 30, 2023. Upcoming Dividend • Sep 08
Upcoming dividend of AU$0.01 per share at 6.7% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 06 October 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (2.5%). Price Target Changed • Sep 04
Price target decreased by 11% to AU$0.39 Down from AU$0.44, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of AU$0.38. Stock is down 13% over the past year. The company is forecast to post earnings per share of AU$0.031 for next year compared to AU$0.029 last year. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.039 in FY 2022) Full year 2023 results: EPS: AU$0.029 (down from AU$0.039 in FY 2022). Revenue: AU$115.4m (down 1.9% from FY 2022). Net income: AU$4.89m (down 23% from FY 2022). Profit margin: 4.2% (down from 5.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. New Risk • Aug 20
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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 164% 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$63.1m market cap, or US$40.4m). Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.02 (vs AU$0.027 in 1H 2022) First half 2023 results: EPS: AU$0.02 (down from AU$0.027 in 1H 2022). Revenue: AU$64.5m (down 3.0% from 1H 2022). Net income: AU$3.36m (down 21% from 1H 2022). Profit margin: 5.2% (down from 6.4% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Global Household Products industry. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Pental Limited Announces Distribution for the Six Months Period Ended December 25, 2022, Payable on March 22, 2023 Pental Limited announced distribution of AUD 0.01300000 per unit for the six months period ended December 25, 2022. The dividend is payable on March 22, 2023 to the shareholders of record on February 27, 2023 and the ex-date is February 24, 2023. Major Estimate Revision • Dec 20
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from AU$121.5m to AU$114.6m. EPS estimate also fell from AU$0.04 per share to AU$0.03 per share. Net income forecast to shrink 12% next year vs 20% growth forecast for Household Products industry in Australia . Consensus price target down from AU$0.65 to AU$0.42. Share price fell 8.9% to AU$0.36 over the past week. Price Target Changed • Nov 29
Price target decreased to AU$0.65 Down from AU$0.70, the current price target is provided by 1 analyst. New target price is 63% above last closing price of AU$0.40. The company is forecast to post earnings per share of AU$0.044 for next year compared to AU$0.039 last year. Announcement • Oct 18
Pental Limited, Annual General Meeting, Nov 17, 2022 Pental Limited, Annual General Meeting, Nov 17, 2022, at 11:01 AUS Eastern Standard Time. Agenda: To consider Adoption of Remuneration Report; to consider re-elect Mr Mark Hardgrave as a director; to consider re-elect Mr Fred Harrison as a director; to consider issue of Options to Managing Director; and to consider changes to Constitution Payment by Electronic Means (Special Resolution). Upcoming Dividend • Aug 26
Upcoming dividend of AU$0.017 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 23 September 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 19
Full year 2022 earnings released: EPS: AU$0.039 (vs AU$0.039 in FY 2021) Full year 2022 results: EPS: AU$0.039 (vs AU$0.039 in FY 2021). Revenue: AU$117.6m (down 6.2% from FY 2021). Net income: AU$6.37m (up 19% from FY 2021). Profit margin: 5.4% (up from 4.3% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
Pental Limited Announces Distribution for the Period of six Months Ended June 30, 2022, Payable on September 23, 2022 Pental Limited announced distribution of AUD 0.01700000 per unit for the period of six months ended June 30, 2022. The dividend is payable on September 23, 2022 to the shareholders of record on September 5, 2022 and the ex-date is September 2, 2022. Price Target Changed • Apr 27
Price target decreased to AU$0.50 Down from AU$0.67, the current price target is provided by 1 analyst. New target price is 19% above last closing price of AU$0.42. The company is forecast to post earnings per share of AU$0.045 for next year compared to AU$0.039 last year. Board Change • Apr 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. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Jeff Miciulis is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 20
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.027 (up from AU$0.021 in 1H 2021). Revenue: AU$66.5m (up 2.5% from 1H 2021). Net income: AU$4.24m (up 47% from 1H 2021). Profit margin: 6.4% (up from 4.5% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.6%, compared to a 3.9% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 17
Price target decreased to AU$0.50 Down from AU$0.68, the current price target is provided by 1 analyst. New target price is 25% above last closing price of AU$0.40. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of AU$0.045 for next year compared to AU$0.039 last year. Announcement • Dec 16
Pental Limited Provides Earnings Guidance for the Half Year Ending 26 December 2021 and Full Year of Fiscal Year 2022 Pental Limited provided earnings guidance for the half year ending 26 December 2021 and full year of fiscal year 2022. For the half year, the company expects net sales revenue of approximately $67 million. Full year of fiscal year 2022, the company’s EBIT expected to be circa $9.8 million an increase of 20% compared to fiscal year 2021 underlying EBIT of $8.1 million. Announcement • Sep 01
Pental Limited (ASX:PTL) completed the acquisition of Hampers With Bite Pty. Ltd. Pental Limited (ASX:PTL) entered into an acquisition agreement to acquire Hampers with Bite Pty Ltd ("HWB") for AUD 28.2 million on August 20, 2021. The transaction will be undertaken on a debt-free / cash-free basis. AUD 21.3 million of the purchase price as cash consideration will be funded by AUD 5.7 million in net debt; AUD 9.0 million in cash at hand; AUD 6.0 million capital raise via a Placement; and proceeds from a AUD 2.0 million capped Share Purchase Plan. AUD 3.0 million of the purchase price by issue of 6.666667 PTL shares issued at AUD 0.45 per share. An earnout capped at AUD 4.0 million will be paid subject to HWB achieving AUD 6.3 million in EBIT for the financial year ending June 30, 2022. Earnout is to be funded from operating cash flow and available debt capacity at that time. AUD 4.6 million will be used for acquisition from capital raise. Hampers with Bite Pty Ltd FY21 revenue is approximately AUD 24 million, EBIT is AUD 5 million, EBITDA is approximately AUD 5.1 million, total assets of AUD 3.8 million, total liabilities of AUD 1.8 million, net assets of AUD 2 million and net profit of AUD 3.5 million as on June 30, 2021. Due diligence required for consummation of the transaction has been completed. Transaction is subject to satisfaction of closing conditions including Capital Raising, a new employment agreement in relation to a key employee, the transfer or replacement of key business permits and lease assignments, any approvals or consents required by the ASX Listing Rules or any other applicable law and other conditions. Completion of the Acquisition is expected in early to mid-September 2021. The Acquisition is expected to be immediately EPS accretive and is consistent with Pental’s stated strategy for strategic acquisitions and channel diversification. HWB earnings expected to provide an accretive EBITDA of approximately AUD 2 million to Pental. Charles Reed and James Emonson PAC Partners Securities Limited acted as lead managers in capital raising. Grant Thornton Corporate Finance, LLC acted as financial due diligence provider and MinterEllison acted as legal due diligence provider to Pental. Charles Reed and James Emonson of PAC Partners Securities Pty. Limited acted as financial advisor to Pental.
Pental Limited (ASX:PTL) completed the acquisition of Hampers With Bite Pty. Ltd. on September 1, 2021. Upcoming Dividend • Aug 27
Upcoming dividend of AU$0.016 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 24 September 2021. Trailing yield: 6.0%. Within top quartile of Australian dividend payers (5.0%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 24
Full year 2021 earnings released: EPS AU$0.039 (vs AU$0.037 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: AU$125.4m (flat on FY 2020). Net income: AU$5.36m (up 6.9% from FY 2020). Profit margin: 4.3% (up from 4.0% in FY 2020). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Aug 20
Pental Limited (ASX:PTL) entered into an acquisition agreement to acquire Hampers with Bite Pty Ltd ("HWB") for AUD 28.2 million. Pental Limited (ASX:PTL) entered into an acquisition agreement to acquire Hampers with Bite Pty Ltd ("HWB") for AUD 28.2 million on August 20, 2021. The transaction will be undertaken on a debt-free / cash-free basis. AUD 21.3 million of the purchase price as cash consideration will be funded by AUD 5.7 million in net debt; AUD 9.0 million in cash at hand; AUD 6.0 million capital raise via a Placement; and proceeds from a AUD 2.0 million capped Share Purchase Plan. AUD 3.0 million of the purchase price by issue of 6.666667 PTL shares issued at AUD 0.45 per share. An earnout capped at AUD 4.0 million will be paid subject to HWB achieving AUD 6.3 million in EBIT for the financial year ending June 30, 2022. Earnout is to be funded from operating cash flow and available debt capacity at that time. AUD 4.6 million will be used for acquisition from capital raise. Hampers with Bite Pty Ltd FY21 revenue is approximately AUD 24 million, EBIT is AUD 5 million, EBITDA is approximately AUD 5.1 million, total assets of AUD 3.8 million, total liabilities of AUD 1.8 million, net assets of AUD 2 million and net profit of AUD 3.5 million as on June 30, 2021. Due diligence required for consummation of the transaction has been completed. Transaction is subject to satisfaction of closing conditions including Capital Raising, a new employment agreement in relation to a key employee, the transfer or replacement of key business permits and lease assignments, any approvals or consents required by the ASX Listing Rules or any other applicable law and other conditions. Completion of the Acquisition is expected in early to mid-September 2021. The Acquisition is expected to be immediately EPS accretive and is consistent with Pental’s stated strategy for strategic acquisitions and channel diversification. HWB earnings expected to provide an accretive EBITDA of approximately AUD 2 million to Pental. Charles Reed and James Emonson PAC Partners Securities Limited acted as lead managers in capital raising. Grant Thornton Corporate Finance, LLC acted as financial due diligence provider and MinterEllison acted as legal due diligence provider to Pental. Charles Reed and James Emonson of PAC Partners Securities Pty. Limited acted as financial advisor to Pental. Executive Departure • Apr 07
Non-Executive Independent Director has left the company On the 31st of March, John Etherington's tenure as Non-Executive Independent Director ended after 8.0 years in the role. As of December 2020, John personally held 160.00k shares (AU$72k worth at the time). John is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 26
New 90-day low: AU$0.37 The company is down 12% from its price of AU$0.42 on 27 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 8.0% over the same period. Reported Earnings • Feb 21
First half 2021 earnings released: EPS AU$0.021 (vs AU$0.011 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$64.8m (up 17% from 1H 2020). Net income: AU$2.89m (up 96% from 1H 2020). Profit margin: 4.5% (up from 2.7% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 16
Pental Limited Announces Changes to Duracell Distribution, Effective May 10, 2021 Pental Limited (Pental or the Company) announced that it has agreed in principle to a change to its distribution agreement with Duracell so that, effective May 10th, 2021 the parties will implement a new route-to-market arrangement that will see Duracell directly supply and manage some of the major retail chains in the Australian market. In light of Pental's success in growing Duracell sales, Duracell's partnership with Pental will continue and now focus on driving distribution and sales growth across a wide range of customers and specialized sales channels which have major growth potential for Pental and Duracell. Duracell and Pental will continue to work in partnership building the Duracell brand in Australia. Announcement • Feb 01
Pental Limited Announces Board Changes Pental Limited announced that it has appointed Ms Kerrie Parker as a non-executive director. Kerrie is currently the CFO at Deakin University and during her career has worked in CFO roles with Golden Circle Limited, GM Finance Amcor Fibre Packaging and CFO and Managing Director Sara Lee Household & Body Care Australia. The company announced that long-time Director John Etherington has decided to retire from the Board effective 31 March 2021. Is New 90 Day High Low • Nov 18
New 90-day low: AU$0.40 The company is down 2.0% from its price of AU$0.40 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is up 1.0% over the same period. 
