Buy Or Sell Opportunity • May 21
Now 25% overvalued Over the last 90 days, the stock has fallen 17% to AU$0.091. The fair value is estimated to be AU$0.073, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. Buy Or Sell Opportunity • Apr 27
Now 26% overvalued Over the last 90 days, the stock has fallen 14% to AU$0.09. The fair value is estimated to be AU$0.072, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Mar 14
First half 2026 earnings released: EPS: AU$0.005 (vs AU$0.004 in 1H 2025) First half 2026 results: EPS: AU$0.005 (up from AU$0.004 in 1H 2025). Revenue: AU$2.03m (down 26% from 1H 2025). Net income: AU$976.5k (flat on 1H 2025). Profit margin: 48% (up from 35% in 1H 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Announcement • Oct 09
Gullewa Limited, Annual General Meeting, Nov 27, 2025 Gullewa Limited, Annual General Meeting, Nov 27, 2025. Location: suite 1, level 2, 49-51 york street, sydney, nsw 2000 Australia New Risk • Sep 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 31% Last year net profit margin: 50% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$15.0m market cap, or US$9.85m). Minor Risks Dividend is not well covered by cash flows (392% cash payout ratio). Profit margins are more than 30% lower than last year (31% net profit margin). Revenue is less than US$5m (AU$5.2m revenue, or US$3.4m). Reported Earnings • Sep 23
Full year 2025 earnings released: EPS: AU$0.009 (vs AU$0.011 in FY 2024) Full year 2025 results: EPS: AU$0.009 (down from AU$0.011 in FY 2024). Revenue: AU$5.24m (up 6.0% from FY 2024). Net income: AU$1.63m (down 26% from FY 2024). Profit margin: 31% (down from 44% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • May 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Market cap is less than US$10m (AU$15.3m market cap, or US$9.88m). Minor Risk Revenue is less than US$5m (AU$5.9m revenue, or US$3.8m). Announcement • Apr 05
Gullewa Limited Announces Fully Franked Maiden Dividend for the Financial Year Ended 30 June 2024, Payable on 7 May 2025 Gullewa Limited announced a fully franked Maiden Dividend of AUD 0.007 per share for the financial year ended 30 June 2024. 23 April 2025 is the Record Date and 7 May 2025 is the Payment Date. Reported Earnings • Mar 16
First half 2025 earnings released: EPS: AU$0.004 (vs AU$0.003 in 1H 2024) First half 2025 results: EPS: AU$0.004 (up from AU$0.003 in 1H 2024). Revenue: AU$2.76m (up 50% from 1H 2024). Net income: AU$970.2k (up 68% from 1H 2024). Profit margin: 35% (up from 32% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Feb 17
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 08
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Dec 23
Key Executive exercised options and sold AU$143k worth of stock On the 20th of December, David Deitz exercised 8.00m options to receive shares at no cost, then sold 5m of them for an average price of -AU$0.029 per share and kept the remainder. For the year to June 2018, David's total compensation was 77% salary and 23% non-salary. Since June 2024, David's direct individual holding has increased from 57.39m shares to 57.51m. Company insiders have collectively bought AU$478k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Oct 30
Gullewa Limited, Annual General Meeting, Nov 28, 2024 Gullewa Limited, Annual General Meeting, Nov 28, 2024. Location: gullewa limited, suite 1, level 2, 49-51 york street, sydney nsw 2000 Australia Board Change • Oct 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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2024 earnings released: EPS: AU$0.011 (vs AU$0.008 in FY 2023) Full year 2024 results: EPS: AU$0.011 (up from AU$0.008 in FY 2023). Revenue: AU$4.94m (up 30% from FY 2023). Net income: AU$2.19m (up 43% from FY 2023). Profit margin: 44% (up from 40% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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$13.3m market cap, or US$9.11m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Revenue is less than US$5m (AU$4.1m revenue, or US$2.8m). Reported Earnings • Mar 13
First half 2024 earnings released: EPS: AU$0.003 (vs AU$0.002 in 1H 2023) First half 2024 results: EPS: AU$0.003 (up from AU$0.002 in 1H 2023). Revenue: AU$1.83m (up 16% from 1H 2023). Net income: AU$577.5k (up 90% from 1H 2023). Profit margin: 32% (up from 19% in 1H 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Feb 15
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Dec 22
Key Executive exercised options to buy AU$440k worth of stock. On the 18th of December, David Deitz exercised options to buy 8m shares at a strike price of around AU$0.028, costing a total of AU$224k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since March 2023, David's direct individual holding has increased from 49.39m shares to 49.94m. Company insiders have collectively bought AU$306k more than they sold, via options and on-market transactions, in the last 12 months. 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 Director Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 25
Gullewa Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million. Gullewa Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.028
Transaction Features: Subsequent Direct Listing Board Change • Oct 27
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
Gullewa Limited, Annual General Meeting, Nov 30, 2023 Gullewa Limited, Annual General Meeting, Nov 30, 2023, at 11:01 AUS Eastern Standard Time. Location: Suite 1, Level 2, 49-51 York Street Sydney Australia Agenda: To consider and adopt remuneration report; to consider and approve Re-Election of Mr Anthony Howland-Rose as a Director; of Issue of Options to Mr David Deitz, Directorof Issue of Options to Mr Anthony Howland-Rose, Director; to consider and approve of Issue of Options to Mr David Deitz, Director;to consider and approve and of Issue of Options to Mr Kevin Howland-Rose, Director. Announcement • Oct 25
Gullewa Limited, Annual General Meeting, Nov 30, 2023 Gullewa Limited, Annual General Meeting, Nov 30, 2023, at 11:01 AUS Eastern Standard Time. Location: Gullewa Limited,Suite 1 Level 2 49-51 York Street Sydney New South Wales Australia Agenda: To receive and consider the annual financial report of the Company for the year ended 30 June 2022 and accompanying reports of the Directors and auditor of the Company; to consider Adoption of Remuneration Report; to consider Re-election of Anthony Howland-Rose as a Director; to consider Approval of Issue of Options to Anthony Howland-Rose, Director; to consider Approval of Issue of Options to David Deitz, Director; to consider Approval of Issue of Options to Kevin Howland-Rose, Director; and to consider other issues. Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: AU$0.008 (vs AU$0.007 in FY 2022) Full year 2023 results: EPS: AU$0.008 (up from AU$0.007 in FY 2022). Revenue: AU$3.80m (down 5.5% from FY 2022). Net income: AU$1.53m (up 7.2% from FY 2022). Profit margin: 40% (up from 36% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. 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. Non-Executive Director Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 10
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 14
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
First half 2023 earnings released: EPS: AU$0.002 (vs AU$0.008 in 1H 2022) First half 2023 results: EPS: AU$0.002 (down from AU$0.008 in 1H 2022). Revenue: AU$1.57m (down 47% from 1H 2022). Net income: AU$304.3k (down 80% from 1H 2022). Profit margin: 19% (down from 52% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Jan 23
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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Dec 10
Key Executive exercised options to buy AU$240k worth of stock. On the 5th of December, David Deitz exercised options to buy 4m shares at a strike price of around AU$0.026, costing a total of AU$104k. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. Since March 2022, David's direct individual holding has increased from 44.95m shares to 45.19m. Company insiders have collectively bought AU$101k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 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 Kevin Howland-Rose was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 02
Gullewa Limited, Annual General Meeting, Nov 30, 2022 Gullewa Limited, Annual General Meeting, Nov 30, 2022, at 10:00 AUS Eastern Standard Time. Location: the Offices of Gullewa Limited, Suite 1 Level 2, 49-51 York Street, Sydney Nsw 2000 New South Wales Australia Agenda: To consider Adoption of Remuneration Report; to consider Re-election of Mr David Deitz as a Director; to consider Election of Mr Kevin Howland-Rose as a Director; to consider Replacement of Constitution; to consider Approval of Gullewa Limited Securities Incentive Plan (2022); to consider Approval of Potential Termination Benefits Under Gullewa Limited Securities Incentive Plan (2022); to consider Approval of Issue of Options to Mr Anthony Howland-Rose, Director; to consider Approval of Issue of Options to Mr David Deitz, Director; and to consider other matters. Reported Earnings • Sep 17
Full year 2022 earnings released: EPS: AU$0.007 (vs AU$0.008 in FY 2021) Full year 2022 results: EPS: AU$0.007 (down from AU$0.008 in FY 2021). Revenue: AU$4.02m (up 27% from FY 2021). Net income: AU$1.43m (flat on FY 2021). Profit margin: 36% (down from 45% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 27
Gullewa Limited Appoints Kevin Howland-Rose as Non Executive Director, Effective 27 July, 2022 The Board of Gullewa Limited announced the appointment of Kevin Howland-Rose BA BSc(Geophysics),LLB and MBA as Non Executive Director, effective 27 July, 2022. Kevin has 34 years experience in the Information Technology Sector working in public and private, in-house and out-sourced roles, in positions from Technical Specialist, Solution Architect, Project Portfolio Manager to IT Director. Kevin has developed and delivered numerous successful large, technically complex and innovative projects, and has highly developed skills in programme & portfolio management, business analysis, & leadership. Kevin also has a Bachelor of Science majoring in Geophysics. Board Change • Jun 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Eddie Lee was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Eddie Lee was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Eddie Lee was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Eddie Lee was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS AU$0.008 (vs AU$0.013 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$3.87m (up 53% from FY 2020). Net income: AU$1.44m (down 32% from FY 2020). Profit margin: 37% (down from 83% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Aug 19
Key Executive exercised options to buy AU$435k worth of stock. On the 13th of August, David Deitz exercised 5.00m options at around AU$0.026, then sold 3.00k of them at AU$0.80 each and kept the remainder. Since September 2020, David's direct individual holding has increased from 34.98m shares to 39.74m. Company insiders have collectively bought AU$968k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Apr 25
Key Executive recently bought AU$224k worth of stock On the 22nd of April, David Deitz bought around 3m shares on-market at roughly AU$0.078 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Mar 19
First half 2021 earnings released: EPS AU$0.003 (vs AU$0.004 in 1H 2020) The company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: AU$1.64m (up 34% from 1H 2020). Net income: AU$545.8k (down 18% from 1H 2020). Profit margin: 33% (down from 55% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 25% per year. Recent Insider Transactions Derivative • Dec 21
Executive Chairman of the Board exercised options to buy AU$1.5m worth of stock. On the 18th of December, Anthony Howland-Rose exercised options to buy 14.00m shares at a strike price of around AU$0.027, costing a total of AU$375k. This transaction amounted to 64% of their direct individual holding at the time of the trade. Since March 2020, Anthony's direct individual holding has increased from 21.49m shares to 21.78m. Company insiders have collectively bought AU$701k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 13
Gullewa Limited, Annual General Meeting, Dec 11, 2020 Gullewa Limited, Annual General Meeting, Dec 11, 2020, at 11:00 AUS Eastern Standard Time. Location: Suite 1 Level 2 49-51 York Street Sydney New South Wales Australia Agenda: To receive and consider the annual financial report of the Company for the year ended 30 June 2020 and accompanying reports of the Directors and auditor of the Company; to adopt remuneration report; to re-elect directors; to approve issue of options; to approve amendments to constitution; to approve termination benefits; and to consider other business. Reported Earnings • Sep 30
Full year earnings released - EPS AU$0.013 Over the last 12 months the company has reported total profits of AU$2.10m, up 104% from the prior year. Total revenue was AU$2.98m over the last 12 months, up 62% from the prior year. Profit margins were 70%, which is higher than the 56% margin from last year. The increase in margin was driven by higher revenue.