Aspen Group Management

Management criteria checks 4/4

Aspen Group's CEO is John Carter, appointed in Mar 2019, has a tenure of 5.67 years. total yearly compensation is A$1.11M, comprised of 44.7% salary and 55.3% bonuses, including company stock and options. directly owns 4.13% of the company’s shares, worth A$20.49M. The average tenure of the management team and the board of directors is 6.9 years and 5.8 years respectively.

Key information

John Carter

Chief executive officer

AU$1.1m

Total compensation

CEO salary percentage	44.7%
CEO tenure	5.7yrs
CEO ownership	4.1%
Management average tenure	6.9yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Carter's remuneration changed compared to Aspen Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$1m	AU$496k	AU$48m
Mar 31 2024	n/a	n/a	AU$50m
Dec 31 2023	n/a	n/a	AU$51m
Sep 30 2023	n/a	n/a	AU$53m
Jun 30 2023	AU$995k	AU$471k	AU$54m
Mar 31 2023	n/a	n/a	AU$63m
Dec 31 2022	n/a	n/a	AU$72m
Sep 30 2022	n/a	n/a	AU$74m
Jun 30 2022	AU$883k	AU$440k	AU$75m
Dec 31 2021	n/a	n/a	AU$45m
Sep 30 2021	n/a	n/a	AU$35m
Jun 30 2021	AU$705k	AU$399k	AU$25m
Dec 31 2020	n/a	n/a	AU$18m
Sep 30 2020	n/a	n/a	AU$15m
Jun 30 2020	AU$607k	AU$392k	AU$12m
Dec 31 2019	n/a	n/a	AU$2m
Sep 30 2019	n/a	n/a	AU$444k
Jun 30 2019	AU$199k	n/a	-AU$781k
Dec 31 2018	n/a	n/a	AU$2m
Sep 30 2018	n/a	n/a	AU$1m
Jun 30 2018	AU$84k	n/a	AU$154k

Compensation vs Market: John's total compensation ($USD722.46K) is about average for companies of similar size in the Australian market ($USD910.58K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Carter (60 yo)

5.7yrs

Tenure

AU$1,111,146

Compensation

Mr. John Carter, MBA (Syd), BAppSc (Property Resource Mgmt) (UniSA), AAPI, GAICD, serves as Executive Director & Joint Chief Executive Officer at Aspen Group since March 14, 2019. Mr. Carter is a Managing...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Carter	Joint CEO & Executive Director	5.7yrs	AU$1.11m	4.13% A$ 20.5m
David Dixon	Joint CEO	5.7yrs	AU$1.11m	3.94% A$ 19.6m
Winston Chan	Group Financial Controller	no data	no data	no data
Patrick Maddern	Head of Asset Management & Development	no data	no data	no data
Mark Licciardo	Joint Company Secretary	8.2yrs	no data	no data
Michael Dunstan	Financial Accountant of Aspen Living Villages Business	no data	no data	no data

6.9yrs

Average Tenure

Experienced Management: APZ's management team is seasoned and experienced (6.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Carter	Joint CEO & Executive Director	9.8yrs	AU$1.11m	4.13% A$ 20.5m
David Dixon	Joint CEO	5.7yrs	AU$1.11m	3.94% A$ 19.6m
Guy Farrands	Non-Executive Chairman	12yrs	AU$100.00k	0.11% A$ 523.4k
John Freedman	Independent Non-executive Director	less than a year	no data	0.010% A$ 50.0k
Edwina Gilbert	Independent Non-Executive Director	1.3yrs	AU$83.08k	0.093% A$ 463.8k
Ben Norman	Alternate Director	5.8yrs	no data	no data

5.8yrs

Average Tenure

Experienced Board: APZ's board of directors are considered experienced (5.8 years average tenure).

Aspen Group Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Aspen Group Limited Announces Board Changes

Joint CEO & Executive Director exercised options to buy AU$574k worth of stock.

Independent Non-Executive Director recently bought AU$398k worth of stock

Aspen Group, Annual General Meeting, Nov 15, 2024

Independent Non-Executive Chairman recently bought AU$77k worth of stock

Recent updates

Less than half of directors are independent

Price target increased by 8.7% to AU$3.11

Aspen Group Limited Announces Board Changes

Joint CEO & Executive Director exercised options to buy AU$574k worth of stock.

Independent Non-Executive Director recently bought AU$398k worth of stock

Aspen Group, Annual General Meeting, Nov 15, 2024

Consensus revenue estimates decrease by 37%, EPS upgraded

Aspen Group Provides Distribution Guidance for the Fiscal Year 2025

Full year 2024 earnings: EPS in line with expectations, revenues disappoint

First half dividend of AU$0.043 announced

Aspen Group to Report Fiscal Year 2024 Results on Aug 15, 2024

New minor risk - Shareholder dilution

Independent Non-Executive Chairman recently bought AU$77k worth of stock

Aspen Group (ASX:APZ) cancelled the acquisition of remaining 86.3% stake in Eureka Group Holdings Limited (ASX:EGH).

First half 2024 earnings released: EPS: AU$0.12 (vs AU$0.15 in 1H 2023)

Eureka Targeted as Takeovers Kick Off

Price target increased by 21% to AU$2.96

Upcoming dividend of AU$0.043 per share at 4.9% yield

Aspen Group Declares Dividend for the Period of Six Months Ending December 31, 2023, Payable on February 29, 2024

Aspen Group, Annual General Meeting, Nov 22, 2023

Aspen Group, Annual General Meeting, Nov 22, 2023

Joint CEO & Executive Director exercised options to buy AU$527k worth of stock.

Independent Non-Executive Chairman recently bought AU$65k worth of stock

Price target increased by 10% to AU$2.45

Aspen Group Limited Appoints Edwina Gilbert as Director

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: AU$0.31 (vs AU$0.55 in FY 2022)

Independent Non-Executive Chairman recently bought AU$90k worth of stock

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.22 in 1H 2022)

Aspen Group (ASX:APZ) agreed to acquire Black Dolphin Resort Motel for AUD 5.2 million.

Upcoming dividend of AU$0.035 per share

Aspen Group Estimates Distribution for the First Half of Fiscal Year 2023, Payable on or About 24 February 2023

Less than half of directors are independent

Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 36.34 million.

Aspen Group, Annual General Meeting, Nov 18, 2022

Joint CEO & Executive Director exercised options to buy AU$479k worth of stock.

Full year 2022 earnings released: EPS: AU$0.55 (vs AU$0.22 in FY 2021)

Aspen Group Announces Dividend Distribution for the Second Half of Fiscal Year 2022, Payable on 25 August 2022

Aspen Group Announces Estimated Distribution for the Second Half of Fiscal Year 2022, Payable on or About 25 August 2022

Aspen Group to Report Fiscal Year 2022 Results on Aug 18, 2022

Independent Non-Executive Chairman recently bought AU$57k worth of stock

Price target increased to AU$2.03

Insufficient new directors

Insufficient new directors

First half 2022 earnings released

Now 24% undervalued

Aspen Group (ASX:APZ) completed the acquisition of Meadowbrooke Lifestyle Estate in Boyanup.

Joint CEO & Executive Director recently bought AU$969k worth of stock

Aspen Group (ASX:APZ) completed the acquisition of Wodonga Gardens Retirement Estate.

Full year 2021 earnings released: EPS AU$0.22 (vs AU$0.12 in FY 2020)

Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 23.21515 million.

Aspen Group (ASX:APZ) signed a definitive agreement to acquire Wodonga Gardens Retirement Estate for AUD 6 million.

Aspen Group (ASX:APZ) completed the acquisition of Lewis Fields Retirement Village.

Aspen Group (ASX:APZ) entered into conditional contract to acquire Lewis Fields Retirement Village for AUD 2.4 million.

New 90-day high: AU$1.22

Aspen Group (ASX:APZ) completed the acquisition of build-to-rent development at Burleigh Heads, Queensland.

Independent Non-Executive Chairman recently bought AU$401k worth of stock

Aspen Group to Report First Half, 2021 Results on Feb 25, 2021

Aspen Group Announces Change of Joint Company Secretary

New 90-day high: AU$1.19

Price target raised to AU$1.28

New 90-day high: AU$1.10

New 90-day high: AU$1.07

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team