Announcement • Sep 06
Ansarada Group Limited Announces Director Appointments Ansarada Group Limited announced the appointment of James Drake, Anjali Gianchandani, Patricia Elias, Ian Frederick Pyman, Alan Peterson Frees, as director of the company. Date of appointment: 6 September 2024. Recent Insider Transactions Derivative • Sep 01
Co-Founder exercised options to buy AU$2.2m worth of stock. On the 29th of August, Samuel Riley exercised options to buy 903k shares at a strike price of around AU$2.50, costing a total of AU$2.3m. This transaction amounted to 18% of their direct individual holding at the time of the trade. Since December 2023, Samuel has owned 4.99m shares directly. Company insiders have collectively bought AU$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Aug 29
Datasite Global Corporation completed the acquisition of Ansarada Group Limited (ASX:AND). Datasite Global Corporation agreed to acquire Ansarada Group Limited (ASX:AND) for approximately AUD 240 million on February 13, 2024. Implementation of the Scheme is subject to Foreign Investment Review Board (“FIRB”) approval and other customary conditions, including Ansarada shareholder and Court approvals. The Ansarada Recommending Directors7 unanimously recommend Ansarada shareholders vote in favour of the Scheme. The Scheme is not subject to a financing condition and Datasite has advised Ansarada it expects to fully fund the allcash Scheme Consideration from existing financing resources. As of August 26, 2024 Supreme Court of New South Wales approved the transaction. Jefferies (Australia) Pty Ltd acted as financial advisor and Allens acted as legal advisor for Datasite Global. Moelis Australia Securities Pty Ltd. acted as financial advisor and DLA Piper Australia Pty Ltd. acted as legal advisor for Ansarada Group Limited. Boardroom Pty Limited acted as registrar to Ansarada Group Limited. Hemang Shah of Jones Day acted as legal advisor to Ansarada Group Limited.
Datasite Global Corporation completed the acquisition of Ansarada Group Limited (ASX:AND) on August 28, 2024. The Scheme is now Effective, and quotation of Ansarada Shares on the ASX will be suspended from the close of trading today following lodgement of the Supreme Court of New South Wales orders with ASIC approving the scheme of arrangement by which DS Answer Pty Ltd. It is expected that implementation of the Scheme will occur on 6 September 2024. On the Implementation Date, Ansarada Shareholders, who have been recorded on Ansarada's share register as owning Ansarada Shares on 30 August 2024 will receive AUD 2.50 cash consideration for each Ansarada Share held by them. The Carve-Out Transaction is also expected to complete on the Implementation Date. Reported Earnings • Aug 15
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: AU$0.01 loss per share (improved from AU$0.056 loss in FY 2023). Revenue: AU$56.7m (up 9.5% from FY 2023). Net loss: AU$1.16m (loss narrowed 77% from FY 2023). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Announcement • Aug 12
Ansarada Group Limited to Report Fiscal Year 2024 Results on Aug 13, 2024 Ansarada Group Limited announced that they will report fiscal year 2024 results on Aug 13, 2024 Announcement • Jul 25
Ansarada Group Limited to Report Q4, 2024 Results on Jul 30, 2024 Ansarada Group Limited announced that they will report Q4, 2024 results on Jul 30, 2024 Announcement • Apr 24
Ansarada Group Limited to Report Q3, 2024 Results on Apr 29, 2024 Ansarada Group Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Announcement • Feb 23
Ansarada Group Limited to Report First Half, 2024 Results on Feb 27, 2024 Ansarada Group Limited announced that they will report first half, 2024 results on Feb 27, 2024 Price Target Changed • Feb 14
Price target increased by 8.1% to AU$2.23 Up from AU$2.07, the current price target is an average from 3 analysts. New target price is 8.1% below last closing price of AU$2.43. The company is forecast to post earnings per share of AU$0.0089 next year compared to a net loss per share of AU$0.056 last year. Buy Or Sell Opportunity • Feb 05
Now 22% undervalued Over the last 90 days, the stock has risen 24% to AU$1.80. The fair value is estimated to be AU$2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 101%. Announcement • Jan 29
Ansarada Group Limited to Report Q2, 2024 Results on Jan 31, 2024 Ansarada Group Limited announced that they will report Q2, 2024 results on Jan 31, 2024 Announcement • Oct 20
Ansarada Group Limited to Report Q1, 2024 Results on Oct 24, 2023 Ansarada Group Limited announced that they will report Q1, 2024 results on Oct 24, 2023 Recent Insider Transactions • Sep 26
Insider recently sold AU$2.6m worth of stock On the 21st of September, Andrew Slavin sold around 2m shares on-market at roughly AU$1.57 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$2.6m more than they bought in the last 12 months. Announcement • Sep 26
Ansarada Group Limited, Annual General Meeting, Nov 21, 2023 Ansarada Group Limited, Annual General Meeting, Nov 21, 2023, at 10:00 AUS Eastern Standard Time. Location: Ansarada Head office, Level 2, 80 George Street, The Rocks, NSW 2000 Nsw 2000 Australia Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.097 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (improved from AU$0.097 loss in FY 2022). Revenue: AU$51.8m (up 7.2% from FY 2022). Net loss: AU$5.05m (loss narrowed 41% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Announcement • Aug 25
Ansarada Group Limited to Report Fiscal Year 2023 Results on Aug 30, 2023 Ansarada Group Limited announced that they will report fiscal year 2023 results on Aug 30, 2023 Board Change • Aug 01
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. Co-Founder, Chief Revenue Officer, Head of Growth & Executive Director Stuart Clout 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. Announcement • Jul 22
Ansarada Group Limited to Report Q4, 2023 Results on Jul 26, 2023 Ansarada Group Limited announced that they will report Q4, 2023 results on Jul 26, 2023 Announcement • Jul 12
Ansarada Group Limited Appoints Nancy Hobhouse as Independent Non-Executive Director Ansarada Group Limited announced the appointment of Ms. Nancy Hobhouse, as an Independent Non-Executive Director of the Company, effective July 12, 2023. Ms. Hobhouse, based in London, is a highly respected industry leader in ESG strategy and implementation and GRC. She is currently the Head of ESG at ERVI (formerly Hermes) where she is responsible for managing the ESG team, the development of new ESG related products and transitioning the organisation to net zero by 2035. This year Nancy won Great British Business women of the year and last year, was named as top 100 women in Sustainability globally. Prior to this, Nancy was the Senior Sustainability Manager at John Lewis Partnership, where she developed and led the group wide ESG strategy including net zero carbon, end to end climate risk, energy, waste, water and supply chain. Nancy holds Bachelor of Science degrees in Oceanography and Earth System Science, and Oceanography with Geology. She also holds a Masters in Environmental Modelling, Management and Monitoring from King's College London. Nancy will be the lead Director on Ansarada's own Sustainability efforts in addition to supporting management on execution of strategy across Ansarada's GRC and Sustainability/ESG products. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.05 loss per share (vs AU$0.024 loss in 1H 2022) First half 2023 results: AU$0.05 loss per share (further deteriorated from AU$0.024 loss in 1H 2022). Revenue: AU$26.1m (up 12% from 1H 2022). Net loss: AU$4.59m (loss widened 116% from 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Australia. Announcement • Feb 17
Ansarada Group Limited to Report First Half, 2023 Results on Feb 23, 2023 Ansarada Group Limited announced that they will report first half, 2023 results on Feb 23, 2023 Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from AU$50.9m to AU$52.1m. Forecast EPS reduced from -AU$0.065 to -AU$0.077 per share. Software industry in Australia expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at AU$1.87. Share price rose 5.3% to AU$1.39 over the past week. Announcement • Jan 20
Ansarada Group Limited to Report Q2, 2023 Results on Jan 25, 2023 Ansarada Group Limited announced that they will report Q2, 2023 results on Jan 25, 2023 Board Change • Nov 16
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. No experienced directors. No highly experienced directors. Co-Founder, Chief Revenue Officer, Head of Growth & Executive Director Stuart Clout is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Ansarada Group Limited, Annual General Meeting, Nov 28, 2022 Ansarada Group Limited, Annual General Meeting, Nov 28, 2022, at 12:00 AUS Eastern Standard Time. Location: Ansarada Head office, Level 2, 80 George Street, The Rocks New South Wales Australia Agenda: To receive and consider the Financial Report, the Director's Report and the Auditor's Report for the year ended June 30, 2022, as set out in the Company's 2022 Annual Report; to consider Remuneration Report; to consider Re-election of Director Mr. David Pullini; to consider Approval of 10% Placement Facility; to Issue of LTI Options to CEO and Executive Director, Mr. Sam Riley; and to consider other matters. Announcement • Oct 25
Ansarada Group Limited to Report Q1, 2023 Results on Oct 27, 2022 Ansarada Group Limited announced that they will report Q1, 2023 results on Oct 27, 2022 Board Change • Oct 21
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. No experienced directors. No highly experienced directors. Co-Founder, Chief Revenue Officer, Head of Growth & Executive Director Stuart Clout is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 589% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from AU$55.5m to AU$51.6m. Losses expected to increase from AU$0.01 per share to AU$0.07. Software industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$2.26 to AU$2.07. Share price fell 22% to AU$1.43 over the past week. Reported Earnings • Sep 01
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: AU$0.001 loss per share (down from AU$0.011 profit in FY 2021). Revenue: AU$48.3m (up 45% from FY 2021). Net loss: AU$8.61m (down AU$9.25m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 104%. Over the next year, revenue is forecast to grow 12%, compared to a 49% growth forecast for the Software industry in Australia. Announcement • Aug 24
Ansarada Group Limited to Report Fiscal Year 2022 Results on Aug 31, 2022 Ansarada Group Limited announced that they will report fiscal year 2022 results on Aug 31, 2022 Price Target Changed • Jul 29
Price target decreased to AU$2.26 Down from AU$2.43, the current price target is an average from 3 analysts. New target price is 22% above last closing price of AU$1.85. Stock is up 26% over the past year. The company is forecast to post a net loss per share of AU$0.049 compared to earnings per share of AU$0.011 last year. Major Estimate Revision • Jul 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.04 to -AU$0.05 per share. Revenue forecast unchanged at AU$48.6m. Software industry in Australia expected to see average net income growth of 23% next year. Consensus price target down from AU$2.43 to AU$2.37. Share price rose 15% to AU$1.85 over the past week. Announcement • Jul 22
Ansarada Group Limited to Report Q4, 2022 Results on Jul 28, 2022 Ansarada Group Limited announced that they will report Q4, 2022 results on Jul 28, 2022 Price Target Changed • May 31
Price target increased to AU$2.43 Up from AU$2.10, the current price target is an average from 3 analysts. New target price is 45% above last closing price of AU$1.68. Stock is up 40% over the past year. The company is forecast to post a net loss per share of AU$0.042 compared to earnings per share of AU$0.011 last year. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.04 to -AU$0.06 per share. Revenue forecast unchanged at AU$49.7m. Software industry in Australia expected to see average net income growth of 16% next year. Consensus price target up from AU$2.10 to AU$2.15. Share price fell 6.9% to AU$2.02 over the past week. Buying Opportunity • Apr 27
Now 21% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be AU$2.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last year. Earnings per share has grown by 89%. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 68% in the next year. Announcement • Apr 25
Ansarada Group Limited to Report Q3, 2022 Results on Apr 26, 2022 Ansarada Group Limited announced that they will report Q3, 2022 results on Apr 26, 2022 Major Estimate Revision • Mar 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.01 to -AU$0.03 per share. Revenue forecast unchanged at AU$49.7m. Software industry in Australia expected to see average net income growth of 35% next year. Consensus price target up from AU$2.05 to AU$2.10. Share price fell 4.9% to AU$2.13 over the past week. Reported Earnings • Mar 01
First half 2022 earnings: EPS misses analyst expectations First half 2022 results: AU$0.024 loss per share (down from AU$0.10 profit in 1H 2021). Revenue: AU$23.4m (up 52% from 1H 2021). Net loss: AU$2.13m (down 163% from profit in 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 125%. Over the next year, revenue is forecast to grow 29%, compared to a 30% growth forecast for the industry in Australia. Major Estimate Revision • Jan 28
Consensus estimates of losses per share improve by 17% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AU$42.4m to AU$45.5m. EPS estimate increased from -AU$0.06 per share to -AU$0.05 per share. Software industry in Australia expected to see average net income growth of 21% next year. Consensus price target broadly unchanged at AU$2.06. Share price rose 7.3% to AU$2.05 over the past week. Board Change • Sep 14
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. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 13
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. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS AU$0.011 (vs AU$3.54 loss in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: AU$33.4m (flat on FY 2020). Net income: AU$642.0k (up AU$26.7m from FY 2020). Profit margin: 1.9% (up from net loss in FY 2020). Breakeven Date Change • Jul 28
Forecast to breakeven in 2023 The 2 analysts covering Ansarada Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 69% per year to 2022. The company is expected to make a profit of AU$300.0k in 2023. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Recent Insider Transactions • May 05
Independent Non-Executive Director recently bought AU$99k worth of stock On the 30th of April, David Pullini bought around 76k shares on-market at roughly AU$1.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$199k more in shares than they have sold in the last 12 months. Major Estimate Revision • Apr 29
Consensus EPS estimates increase to -AU$0.042 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from AU$33.4m to AU$33.9m. EPS estimate increased from -AU$0.068 to -AU$0.042. Software industry in Australia expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at AU$1.73. Share price rose 29% to AU$1.32 over the past week. Announcement • Feb 18
Ansarada Group Limited to Report First Half, 2021 Results on Feb 25, 2021 Ansarada Group Limited announced that they will report first half, 2021 results on Feb 25, 2021