Buy Or Sell Opportunity • Mar 01
Now 192% overvalued after recent price rise Over the last 90 days, the stock has risen 110% to AU$0.021. The fair value is estimated to be AU$0.0072, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Feb 27
Hubify Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million. Hubify Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,952,381
Price\Range: AUD 0.042
Transaction Features: Subsequent Direct Listing 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO, & Executive Director Victor Tsaccounis was the last director to join the board, commencing their role in 2019. 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 24
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO, Interim Company Secretary & Executive Director Victor Tsaccounis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 08
Hubify Limited, Annual General Meeting, Oct 15, 2025 Hubify Limited, Annual General Meeting, Oct 15, 2025. Location: suite 1.01, level 1/65 epping rd, macquarie park nsw 211, Australia Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.01 loss in FY 2024) Full year 2025 results: AU$0.002 loss per share (improved from AU$0.01 loss in FY 2024). Revenue: AU$17.9m (down 9.2% from FY 2024). Net loss: AU$813.9k (loss narrowed 83% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Board Change • Aug 13
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO & Executive Director Victor Tsaccounis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 17
Hubify Limited, Annual General Meeting, Oct 17, 2024 Hubify Limited, Annual General Meeting, Oct 17, 2024. Location: at suite 1.01, level 1/65 epping rd, macquarie park nsw 2113, Australia Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.01 loss per share (vs AU$0.001 profit in FY 2023) Full year 2024 results: AU$0.01 loss per share (down from AU$0.001 profit in FY 2023). Revenue: AU$19.9m (down 23% from FY 2023). Net loss: AU$4.72m (down AU$5.23m 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 32 percentage points per year, which is a significant difference in performance. New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (AU$5.11m market cap, or US$3.45m). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Announcement • Sep 26
Hubify Limited, Annual General Meeting, Oct 25, 2023 Hubify Limited, Annual General Meeting, Oct 25, 2023, at 10:30 AUS Eastern Standard Time. Location: Suite 1.01, Level 1/65 Epping Rd, Macquarie Park NSW 2113 Macquarie Park New South Wales Australia Agenda: To consider the Approval of change of Auditor; to consider the approval of proposed Placement; to consider the financial statements, directors' report and auditor's report for the Company and its controlled entities for the year ended 30 June 2023; to consider remuneration report; to consider re-election of Directors; to consider the Approval to issue securities under the Company's Performance Rights Plan; to consider the Grant of Performance Rights to Anthony Ghattas; to consider Grant of Performance Rights to Charbel Nader; and to consider the other business matters. Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.003 loss in FY 2022) Full year 2023 results: EPS: AU$0.001 (up from AU$0.003 loss in FY 2022). Revenue: AU$26.9m (up 9.4% from FY 2022). Net income: AU$512.3k (up AU$1.75m from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Board Change • Jan 06
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO & Director Victor Tsaccounis was the last director to join the board, commencing their role in 2019. 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 • Nov 21
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO & Director Victor Tsaccounis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 27
Hubify Limited, Annual General Meeting, Oct 26, 2022 Hubify Limited, Annual General Meeting, Oct 26, 2022, at 09:30 AUS Eastern Standard Time. Location: Ground Level, 6-10 Talavera Road Macquarie Park New South Wales Australia Agenda: To approve Proposed Placement; to receive the financial statements, directors' report and auditor's report for the Company and its controlled entities for the year ended 30 June 2022; to consider adoption of Remuneration report; and to consider re-election of Directors. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.002 profit in FY 2021) Full year 2022 results: AU$0.004 loss per share (down from AU$0.002 profit in FY 2021). Revenue: AU$24.6m (up 31% from FY 2021). Net loss: AU$1.93m (down 310% from profit in FY 2021). Announcement • Aug 27
Hubify Limited to Report Fiscal Year 2022 Results on Aug 30, 2022 Hubify Limited announced that they will report fiscal year 2022 results on Aug 30, 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. 2 non-independent directors. CEO & Director Victor Tsaccounis was the last 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. Announcement • Apr 05
Hubify Limited (ASX:HFY) acquired Managed Services and Telco Business of Managed Services and Telco Business of Connected Intelligence for AUD 3 million. Hubify Limited (ASX:HFY) acquired Managed Services and Telco Business of Managed Services and Telco Business of Connected Intelligence for AUD 3 million on April 1, 2022. The business will be acquired for AUD 3 million, implying a 3.4x EBITDA acquisition multiple, and will be funded by an up-front cash payment of AUD 1.7m and a 2-year deferred payment comprising 50% cash and 50% HFY Shares. The deferred payment of $1.3 million includes an earn out component based on performance criteria weighted mainly on retention of customers. Connected Intelligence reported revenue of AUD 2.6 million, and EBTIDA of AUD 0.87 million. The acquisition will be highly earnings accretive for HFY.
Hubify Limited (ASX:HFY) completed the acquisition of Managed Services and Telco Business of Managed Services and Telco Business of Connected Intelligence on April 1, 2022. Recent Insider Transactions • Mar 19
CEO & Director recently bought AU$50k worth of stock On the 11th of March, Victor Tsaccounis bought around 1m shares on-market at roughly AU$0.036 per share. This was the largest purchase by an insider in the last 3 months. This was Victor's only on-market trade for the last 12 months. Reported Earnings • Mar 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0 (down from AU$0.002 in 1H 2021). Revenue: AU$11.5m (up 29% from 1H 2021). Net income: AU$140.8k (down 78% from 1H 2021). Profit margin: 1.2% (down from 7.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Reported Earnings • Oct 04
Full year 2021 earnings released: EPS AU$0.002 (vs AU$0.008 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$18.8m (up 15% from FY 2020). Net income: AU$918.9k (down 65% from FY 2020). Profit margin: 4.9% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS AU$0.002 (vs AU$0.008 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$18.8m (up 16% from FY 2020). Net income: AU$918.9k (down 65% from FY 2020). Profit margin: 4.9% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Announcement • Jun 10
Hubify Limited (ASX:HFY) acquired ICNE Pty Ltd and Smile Telemarketing for $2.8 million. Hubify Limited (ASX:HFY) acquired ICNE Pty Ltd and Smile Telemarketing for $2.8 million on June 10, 2021. As per the transaction, Hubify Limited will acquire ICNE Pty Ltd for $2 million and Smile Telemarketing for earnout consideration based on FY22 EBITDA upto $0.75 million. The consideration consists of 50% in cash and 50% in shares of Hubify Limited. Payment of Smile Telemarketing will be made by 50% cash and 50% shares in Hubify at the 14 day VWAP at time of issue. Hubify will retain Smile Telemarketing executive management (sole shareholder) and staff as part of the acquisition. Hubify will retain all ICNE management and staff, including founder and CEO John Martin. The team will form an important part of HFY’s expanded team delivering full service telco/MSP solutions.
Hubify Limited (ASX:HFY) completed the acquisition of ICNE Pty Ltd and Smile Telemarketing on June 10, 2021. Executive Departure • Mar 05
CFO & Company Secretary has left the company On the 1st of March, Michael Potts' tenure in the role of CFO & Company Secretary ended. As of December 2020, Michael personally held only 25.00k shares (AU$2.2k worth at the time). Michael is the only executive to leave the company over the last 12 months. Announcement • Mar 04
Hubify Limited (ASX:HFY) agreed to acquire Database Assets of Nethoster for AUD 0.8 million. Hubify Limited (ASX:HFY) agreed to acquire Database Assets of Nethoster for AUD 0.8 million on February 15, 2021. The consideration includes cash payment of AUD 0.8 million which is to be made on February 26, 2021. Post completion, Nethoster will continue as a business separately and the acquired customer database will be migrated to Hubify on February 26, 2021. In addition, Hubify will also take over the overseas support team. The acquisition is EPS accretive. The transaction is expected to close on February 26, 2021.
Hubify Limited (ASX:HFY) agreed to acquire Database Assets of Nethoster for AUD 0.8 million on March 3, 2021. As of February 26, 2021, the conditions for the acquisition have been met and payment of $0.7 million in cash has been done. A second payment of $0.1 million will be paid within 90 days, subject to a successful handover of the agreed database assets and the integration of the offshore resourcing into the Hubify business. Announcement • Mar 03
Hubify Limited Announces Executive Changes Hubify Limited announced the appointment of Nick Fitzgerald as Company Secretary. Nick joins Hubify after previously working as the Chief Financial Officer of Hearing Australia having held this role since 2018. Nick brings a breadth of senior leadership experience gained across complex organizations including demonstrated capability on strategy development, financial stewardship and business growth across sales and marketing organisations. Prior to this Nick consulted to Healthcare and Telecommunications companies in the optimisation of their Financial and Customer Development teams. Nick also served at Johnson & Johnson Healthcare for 15 years including as the Chief Financial Officer for the Australian and New Zealand Consumer business and as Customer Excellence Director at Janssen Pharmaceuticals. This included leading multiple M & A transactions and reshaping of the consumer portfolio. Nick holds a Bachelor of Commerce, is a member of Chartered Accountants Australia & New Zealand and is a Graduate Member of the Australian Institute of Company Directors. Michael Potts has resigned as Company Secretary effective immediately. In accordance with Listing Rule 12.6 Hubify also advises that Mr. Nick Fitzgerald is nominated as the person responsible for communication with the ASX in relation to all Listing Rule matters. Announcement • Feb 16
Hubify Limited (ASX:HFY) agreed to acquire Database Assets of Nethoster for AUD 0.8 million. Hubify Limited (ASX:HFY) agreed to acquire Database Assets of Nethoster for AUD 0.8 million on February 15, 2021. The consideration includes cash payment of AUD 0.8 million which is to be made on February 26, 2021. Post completion, Nethoster will continue as a business separately and the acquired customer database will be migrated to Hubify on February 26, 2021. In addition, Hubify will also take over the overseas support team. The acquisition is EPS accretive. The transaction is expected to close on February 26, 2021. Reported Earnings • Feb 13
First half 2021 earnings released: EPS AU$0.002 (vs AU$0.007 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: AU$8.97m (up 24% from 1H 2020). Net income: AU$651.6k (down 68% from 1H 2020). Profit margin: 7.3% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses. Announcement • Feb 13
Hubify Limited (ASX:HFY) acquired Ripe Communications Pty Ltd for AUD 0.15 million. Hubify Limited (ASX:HFY) acquired Ripe Communications Pty Ltd for AUD 0.15 million on October 1, 2020. The total consideration for the acquisition was a cash payment of AUD 150,000 made through existing cash.
Hubify Limited (ASX:HFY) completed the acquisition of Ripe Communications Pty Ltd on October 1, 2020. Announcement • Feb 11
Hubify Limited to Report First Half, 2021 Results on Feb 12, 2021 Hubify Limited announced that they will report first half, 2021 results on Feb 12, 2021 Announcement • Dec 23
Hubify Limited (ASX:UNL) agreed to acquire business assets of Coast Consultancy Solutions Pty Ltd for AUD 0.1 million. Hubify Limited (ASX:UNL) agreed to acquire business assets of Coast Consultancy Solutions Pty Ltd for AUD 0.1 million on December 19, 2020. Hubify Limited will issue 1.5 million shares as consideration. Reported Earnings • Oct 02
Full year earnings released - EPS AU$0.0076 Over the last 12 months the company has reported total profits of AU$2.63m, up 387% from the prior year. Total revenue was AU$16.3m over the last 12 months, up 30% from the prior year. Profit margins were 16%, which is higher than the 4.3% margin from last year. The increase in margin was driven by higher revenue. Announcement • Oct 01
United Networks Limited (ASX:UNL) acquired Red Telecom Pty Ltd for AUD 0.5 million. United Networks Limited (ASX:UNL) acquired Red Telecom Pty Ltd for AUD 0.5 million on October 1, 2020. The consideration is paid in the cash funded from UNL’s cash reserves. The consideration price paid for the business represents a multiple of 1.6 times expected EBIT of the business before synergies.
United Networks Limited (ASX:UNL) completed the acquisition of Red Telecom Pty Ltd on October 1, 2020. Announcement • Aug 04
United Networks Limited (ASX:UNL) acquired Business Assets of C3 Innovations P/L. United Networks Limited (ASX:UNL) acquired Business Assets of C3 Innovations P/L on August 4, 2020. The acquisition consideration payable by UNL for the business assets of C3 Innovations consists of a $0.25 million cash payment, issue of 3,750,000 shares in UNL and a 12-month EBIT performance bonus payment of $0.025 million if the forecast is achieved. The cash consideration will be funded from UNL’s cash on hand.
United Networks Limited (ASX:UNL) completed the acquisition of Business Assets of C3 Innovations P/L on August 4, 2020.