Price Target Changed • Nov 16
Price target increased to AU$0.29 Up from AU$0.22, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of AU$0.28. The company is forecast to post earnings per share of AU$0.004 for next year compared to AU$0.0023 last year. Announcement • Nov 15
Pemba Capital Partners Pty Limited signed a scheme implementation agreement to acquire MSL Solutions Limited (ASX:MSL) for AUD 120 million. Pemba Capital Partners Pty Limited signed a scheme implementation agreement to acquire MSL Solutions Limited (ASX:MSL) for AUD 120 million on November 14, 2022. The offer price per share is AUD 0.295. The transaction has a break fee clause, where a termination fee of AUD 1.195 million is payable by MSL Solutions in case of breach of agreement. The transaction will be funded by a mix of debt and equity. The transaction is subject to approval by the shareholders of MSL, approval by the board of MSL, approval by FIRB, ASX, ACCC, Court Approval. The transaction is also subject to all the convertible securities of MSL Solutions to be converted into equity before the implementation of scheme. The transaction has been unanimously approved by the board of MSL, shareholders are recommended to vote in favor of the scheme. The scheme is expected to be implemented in mid February, 2023. Miles Advisory Partners Pty Ltd. acted as financial advisor to MSL Solutions Limited, Talbot Sayer Lawyers acted as a legal advisor to MSL Solutions Limited. Announcement • Oct 04
MSL Solutions Limited, Annual General Meeting, Nov 29, 2022 MSL Solutions Limited, Annual General Meeting, Nov 29, 2022. Reported Earnings • Aug 19
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: AU$0.002 (down from AU$0.003 in FY 2021). Revenue: AU$33.9m (up 38% from FY 2021). Net income: AU$816.0k (down 7.9% from FY 2021). Profit margin: 2.4% (down from 3.6% in FY 2021). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 200%. Over the next year, revenue is forecast to grow 11%, compared to a 41% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 08
Non-Executive Director recently sold AU$52k worth of stock On the 2nd of June, Earl Eddings sold around 300k shares on-market at roughly AU$0.17 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$46k more than they bought in the last 12 months. Announcement • May 30
MSL Solutions Limited to Report Fiscal Year 2022 Results on Aug 18, 2022 MSL Solutions Limited announced that they will report fiscal year 2022 results on Aug 18, 2022 Board Change • Apr 27
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. 5 non-independent directors. Independent Non-Executive Director David Trude was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
MSL Solutions Limited Appoints Sarah Jane Kelly as Non-Executive Director MSL Solutions Limited announced the appointment of Dr. Sarah Jane Kelly to the MSL Board as Non-Executive Director. Dr. Kelly has over 20 years of combined experience within the sports, marketing, law, education and waste management sectors, having served on a range of corporate, government and not-for-profit boards. Sarah currently serves as a non-executive director on several boards, including as Deputy Chair of the Brisbane Lions AFL Football Club, Deputy Chair of Tourism and Events Qld. Reported Earnings • Feb 22
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: AU$0.002 loss per share (up from AU$0.003 loss in 1H 2021). Revenue: AU$16.9m (up 45% from 1H 2021). Net loss: AU$857.0k (loss narrowed 14% from 1H 2021). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
MSL Solutions Limited to Report Q2, 2022 Results on Feb 17, 2022 MSL Solutions Limited announced that they will report Q2, 2022 results on Feb 17, 2022 Recent Insider Transactions • Dec 18
Non-Executive Director recently sold AU$134k worth of stock On the 10th of December, Earl Eddings sold around 500k shares on-market at roughly AU$0.27 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$40k more than they bought in the last 12 months. Reported Earnings • Aug 25
Full year 2021 earnings released: EPS AU$0.003 (vs AU$0.056 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$24.7m (down 1.5% from FY 2020). Net income: AU$886.0k (up AU$17.3m from FY 2020). Profit margin: 3.6% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Recent Insider Transactions • Mar 02
Non-Executive Director recently bought AU$64k worth of stock On the 25th of February, David Usasz bought around 500k shares on-market at roughly AU$0.13 per share. In the last 3 months, they made an even bigger purchase worth AU$69k. Insiders have collectively bought AU$354k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 24
First half 2021 earnings released: AU$0.003 loss per share (vs AU$0.06 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: AU$11.7m (down 9.5% from 1H 2020). Net loss: AU$996.0k (loss narrowed 94% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 13
Non-Executive Director recently bought AU$69k worth of stock On the 8th of December, David Usasz bought around 500k shares on-market at roughly AU$0.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$291k more in shares than they have sold in the last 12 months. Announcement • Nov 18
MSL Solutions Limited (ASX:MSL) acquired SwiftPOS for AUD 9.7 million. MSL Solutions Limited (ASX:MSL) acquired SwiftPOS for AUD 9.7 million on November 17, 2020. As per the terms, the consideration includes AUD 4.5 million cash, AUD 0.5 million of ordinary shares based on a 10-day VWAP prior to completion, AUD 0.75 million holdback payable on the first anniversary, subject to net tangible asset and warranties adjustments and 3 year maximum earnout of AUD 4.2 million based on agreed gross margin growth. MSL will initially fund the acquisition from existing cash reserves. MSL is currently finalizing a debt facility to provide up to AUD 2.5 million of loan facility to support the acquisition at market competitive rates, this facility is expected to be in place in early December 2020. SwiftPOS founder and Managing Director, Grahame Day will transition to the role of General Manager, SwiftPOS at MSL Solutions Limited. MSL Solutions Limited will also integrate all 17 current SwiftPOS employees into its workforce. The transaction is EBITDA earnings accretive with over $1.5 million in EBITDA and positive cashflows.
MSL Solutions Limited (ASX:MSL) completed the acquisition of SwiftPOS on November 17, 2020. Announcement • Sep 17
MSL Solutions Limited Signs Multi-Year POS Agreement for RAC Arena MSL Solutions Limited announced that the Company has signed a multi-year contract with ASM Global, to provide its integrated point of sale (POS) and transaction management platform to RAC Arena. The contract will see MSL implement a platform which integrates market-leading software from SwiftPOS with MSL's mobile POS solution. More than 100 fixed terminals and 60 mobile tablet devices will be installed to extend RAC Arena's POS capabilities across their entire arena and corporate suites. The platform will enhance guest engagement at the arena and deliver a superior customer experience for all RAC Arena guests. The contract generates majority upfront revenue for MSL, along with associated subscriptions over the initial 5-year term.