Announcement • Feb 16
Swoop Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 9.65826 million. Swoop Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 9.65826 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,212,673
Price\Range: AUD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,869,930
Price\Range: AUD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: AUD 0.1
Transaction Features: Rights Offering Announcement • Feb 04
Swoop Holdings Limited to Report First Half, 2026 Results on Feb 26, 2026 Swoop Holdings Limited announced that they will report first half, 2026 results on Feb 26, 2026 New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major 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 Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$33.8m market cap, or US$22.8m). New Risk • Dec 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$25.4m market cap, or US$16.9m). Announcement • Dec 04
Swoop Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Swoop Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,000,000
Price\Range: AUD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,000,000
Price\Range: AUD 0.1
Transaction Features: Rights Offering Announcement • Oct 18
Swoop Holdings Limited, Annual General Meeting, Nov 27, 2025 Swoop Holdings Limited, Annual General Meeting, Nov 27, 2025. Reported Earnings • Oct 05
Full year 2025 earnings released: AU$0.052 loss per share (vs AU$0.026 loss in FY 2024) Full year 2025 results: AU$0.052 loss per share (further deteriorated from AU$0.026 loss in FY 2024). Revenue: AU$106.0m (up 31% from FY 2024). Net loss: AU$11.0m (loss widened 107% from FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.052 loss per share (vs AU$0.026 loss in FY 2024) Full year 2025 results: AU$0.052 loss per share (further deteriorated from AU$0.026 loss in FY 2024). Revenue: AU$106.4m (up 31% from FY 2024). Net loss: AU$11.0m (loss widened 107% from FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Swoop Holdings Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Swoop Holdings Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$23.6m market cap, or US$15.3m). New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$38.6m market cap, or US$24.4m). Reported Earnings • Mar 02
First half 2025 earnings released First half 2025 results: Revenue: AU$45.8m (up 5.1% from 1H 2024). Net loss: AU$4.09m (loss widened 293% from 1H 2024). New Risk • Feb 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$7.3m free cash flow). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$56.8m market cap, or US$35.6m). Announcement • Feb 04
Swoop Holdings Limited to Report First Half, 2025 Results on Feb 27, 2025 Swoop Holdings Limited announced that they will report first half, 2025 results on Feb 27, 2025 New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.3m free cash flow). Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$37.6m market cap, or US$23.4m). Announcement • Oct 10
Swoop Holdings Limited, Annual General Meeting, Nov 27, 2024 Swoop Holdings Limited, Annual General Meeting, Nov 27, 2024. New Risk • Sep 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$7.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.3m free cash flow). Earnings have declined by 38% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$42.7m market cap, or US$29.5m). New Risk • Sep 14
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 Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$47.9m market cap, or US$32.1m). Announcement • Sep 06
Swoop Holdings Limited (ASX:SWP) has submitted a non-binding indicative proposal to acquire Vonex Limited (ASX:VN8) for AUD 29.5 million. Swoop Holdings Limited (ASX:SWP) has submitted a non-binding indicative proposal to acquire Vonex Limited (ASX:VN8) for AUD 29.5 million on September 5, 2024. Under the terms, Swoop’s non-binding combined cash and scrip offer submitted to the Chair of the Vonex board, is to acquire 100% of the issued ordinary shares in Vonex Limited for AUD 0.040 per Vonex share, which represents a premium to the MaxoTel scheme at AUD 0.0375 per Vonex share. Swoop’s indicative proposal is for a scheme of arrangement offering a combination of cash and fully paid ordinary shares in Swoop, with Vonex shareholders able to elect to receive various combinations of cash and scrip (subject to certain caps). Swoop has received an indicative term sheet and support from its existing financier Westpac to fund the acquisition.
Swoop currently anticipates synergies could represent over AUD 5.0 million EBITDA on an annualized basis. Potential for rollover relief for Vonex shareholders receiving scrip consideration as part of their election. Swoop believes the expected synergies which would be achieved if the acquisition was successful would result in a huge boost to cashflows for the Swoop business and this acquisition would create a larger scale business and more attractive investment opportunity for capital markets. Swoop believes the indicative proposal stands to create significant value for both Vonex and Swoop shareholders and represents superior value to the MaxoTel scheme. Announcement • Aug 06
Swoop Holdings Limited to Report Fiscal Year 2024 Results on Aug 29, 2024 Swoop Holdings Limited announced that they will report fiscal year 2024 results on Aug 29, 2024 Announcement • Jul 20
Pivotel Group Pty Limited completed the acquisition of Harbourtel Pty Ltd and Voicehub Group Pty Ltd from Swoop Holdings Limited (ASX:SWP). Pivotel Group Pty Limited agreed to acquire Harbourtel Pty Ltd and Voicehub Group Pty Ltd from Swoop Holdings Limited (ASX:SWP) for AUD 9 million on June 11, 2024. The purchase price is comprised of AUD 8 million payable on completion and AUD 1 million to be held in escrow. The acquisition is subject to customary conditions. The transaction reflects TEV/EBITDA multiple of 4.5x. The expected completion of the transaction is July 1, 2024.
Pivotel Group Pty Limited completed the acquisition of Harbourtel Pty Ltd and Voicehub Group Pty Ltd from Swoop Holdings Limited (ASX:SWP) on July 19, 2024. Announcement • Jun 19
Swoop Holdings Limited (ASX:SWP) completed the acquisition of conduit and fibre assets in the Seacrest Estate. Swoop Holdings Limited (ASX:SWP) acquired conduit and fibre assets in the Seacrest Estate on June 19, 2024. A cash consideration will be paid by Swoop Holdings Limited which will be funded from existing cash researve. Swoop Holdings Limited (ASX:SWP) completed the acquisition of conduit and fibre assets in the Seacrest Estate on June 19, 2024 Announcement • Jun 13
Pivotel Group Pty Limited agreed to acquire Harbourtel Pty Ltd and Voicehub Group Pty Ltd from Swoop Holdings Limited (ASX:SWP) for AUD 9 million. Pivotel Group Pty Limited agreed to acquire Harbourtel Pty Ltd and Voicehub Group Pty Ltd from Swoop Holdings Limited (ASX:SWP) for AUD 9 million on June 11, 2024. The purchase price is comprised of AUD 8 million payable on completion and AUD 1 million to be held in escrow. The acquisition is subject to customary conditions. The transaction reflects TEV/EBITDA multiple of 4.5x. The expected completion of the transaction is July 1, 2024. New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 40% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$41.6m market cap, or US$27.2m). Announcement • Feb 09
Swoop Holdings Limited to Report First Half, 2024 Results on Feb 28, 2024 Swoop Holdings Limited announced that they will report first half, 2024 results on Feb 28, 2024 New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$50.0m market cap, or US$33.0m). Announcement • Oct 10
Swoop Holdings Limited, Annual General Meeting, Nov 24, 2023 Swoop Holdings Limited, Annual General Meeting, Nov 24, 2023, at 11:00 AUS Eastern Standard Time. Reported Earnings • Oct 01
Full year 2023 earnings released: AU$0.18 loss per share (vs AU$0.025 loss in FY 2022) Full year 2023 results: AU$0.18 loss per share (further deteriorated from AU$0.025 loss in FY 2022). Revenue: AU$78.2m (up 51% from FY 2022). Net loss: AU$37.5m (loss widened AU$32.6m from FY 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Australia. New Risk • Sep 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (AU$54.9m market cap, or US$35.5m). Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.18 loss per share (vs AU$0.025 loss in FY 2022) Full year 2023 results: AU$0.18 loss per share (further deteriorated from AU$0.025 loss in FY 2022). Revenue: AU$78.3m (up 51% from FY 2022). Net loss: AU$37.5m (loss widened AU$32.6m from FY 2022). New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$59.0m market cap, or US$38.3m). Announcement • Jul 29
Swoop Holdings Limited to Report Fiscal Year 2023 Results on Aug 31, 2023 Swoop Holdings Limited announced that they will report fiscal year 2023 results on Aug 31, 2023 New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$62.1m market cap, or US$42.3m). Announcement • Jun 10
Swoop Holdings Limited Appoints Natasa Matic as Head of Channel Swoop Holdings Limited has appointed Natasa Matic as its head of channel. The move comes as Swoop doubles down on its focus of amplifying organic growth and the integration of the eight business acquisitions they have completed over the last 12 months, including national mobile network operator Moose Mobile. Recent Insider Transactions • Mar 09
Non-Executive Deputy Chairperson recently bought AU$136k worth of stock On the 7th of March, Anthony Grist bought around 500k shares on-market at roughly AU$0.27 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$437k worth in shares. Reported Earnings • Mar 02
First half 2023 earnings released: AU$0.021 loss per share (vs AU$0.016 loss in 1H 2022) First half 2023 results: AU$0.021 loss per share (further deteriorated from AU$0.016 loss in 1H 2022). Revenue: AU$37.0m (up 55% from 1H 2022). Net loss: AU$4.24m (loss widened 48% from 1H 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Australia. Announcement • Jan 16
Swoop Holdings Limited to Report First Half, 2023 Results on Feb 28, 2023 Swoop Holdings Limited announced that they will report first half, 2023 results on Feb 28, 2023 Price Target Changed • Nov 16
Price target decreased to AU$0.68 Down from AU$1.44, the current price target is provided by 1 analyst. New target price is 79% above last closing price of AU$0.38. Stock is down 79% over the past year. The company posted a net loss per share of AU$0.025 last year. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Non-Executive Director Paul Reid is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Nov 01
Swoop Holdings Limited (ASX:SWP) acquired Moose Mobile. Swoop Holdings Limited (ASX:SWP) agreed to acquire Moose Mobile for AUD 31 million on July 1, 2022. The purchase price for the acquisition comprises AUD 16.15 million payable in cash on Completion (subject to customary net debt and working capital adjustments) and AUD 2.85 million in cash to be paid into escrow and released to the Sellers 6 months after Completion (subject to any amounts withheld from this sum to pay for claims or adjustments under the agreement) and AUD 5 million to be satisfied by the issue of fully paid ordinary shares of Swoop at completion at AUD 0.506 (being the 5 day VWAP of Swoop shares prior to signing (Consideration Shares). and Up to AUD 7 million based on the EBITDA of Moose (excluding extraordinary and one-off items) for FY2023 & FY2024, as well as the Mobile and NBN Services in Operations Growth over FY2023 and FY2024 (Deferred Consideration) to be satisfied in cash. A facility agreement dated on or about June 9, 2022 was entered into between, among others, Swoop, certain of its subsidiaries and Westpac Banking Corporation (Facility Agreement) and Swoop intends to draw upon the Facility Agreement in order to fund the cash component of the purchase price payable upon completion of the Telco Pay Acquisition. The facility of an amortising non-revolving variable rate bank bill business loan facility of AUD 20 million with a five year maturity term; a revolving variable rate bank bill business loan facility of AUD 10 million with a five year maturity term; a revolving overdraft facility of AUD 2 million with no fixed term, but subject to the Lender’s usual term for facilities of this nature; and a corporate Visa credit card facility of AUD 100,000 with no fixed term, but subject to the Lender’s usual term for facilities of this nature The acquisition is targeted to be completed by August 1, 2022. As of October 20, 2022, Swoop announced that the transaction is expected to close on October 31, 2022.
Swoop Holdings Limited (ASX:SWP) completed the acquisition of Moose Mobile on November 1, 2022. Announcement • Oct 07
Swoop Holdings Limited, Annual General Meeting, Nov 25, 2022 Swoop Holdings Limited, Annual General Meeting, Nov 25, 2022, at 11:01 AUS Eastern Standard Time. Reported Earnings • Oct 04
Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.14 loss in FY 2021) Full year 2022 results: AU$0.025 loss per share (improved from AU$0.14 loss in FY 2021). Revenue: AU$51.7m (up 125% from FY 2021). Net loss: AU$4.88m (loss narrowed 65% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Telecom industry in Australia. Recent Insider Transactions • Sep 06
Non-Executive Deputy Chairperson recently bought AU$301k worth of stock On the 1st of September, Anthony Grist bought around 735k shares on-market at roughly AU$0.41 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.14 loss in FY 2021) Full year 2022 results: AU$0.025 loss per share (up from AU$0.14 loss in FY 2021). Revenue: AU$51.7m (up 125% from FY 2021). Net loss: AU$4.88m (loss narrowed 65% from FY 2021). Over the next year, revenue is forecast to grow 35%, compared to a 9.1% growth forecast for the Telecom industry in Australia. Announcement • Aug 05
Swoop Holdings Limited to Report Fiscal Year 2022 Results on Aug 29, 2022 Swoop Holdings Limited announced that they will report fiscal year 2022 results on Aug 29, 2022 Announcement • Jul 02
Swoop Holdings Limited (ASX:SWP) agreed to acquire Moose Mobile for AUD 31 million. Swoop Holdings Limited (ASX:SWP) agreed to acquire Moose Mobile for AUD 31 million on July 1, 2022. The purchase price for the acquisition comprises AUD 16.15 million payable in cash on Completion (subject to customary net debt and working capital adjustments) and AUD 2.85 million in cash to be paid into escrow and released to the Sellers 6 months after Completion (subject to any amounts withheld from this sum to pay for claims or adjustments under the agreement) and AUD 5 million to be satisfied by the issue of fully paid ordinary shares of Swoop at completion at AUD 0.506 (being the 5 day VWAP of Swoop shares prior to signing (Consideration Shares). and Up to AUD 7 million based on the EBITDA of Moose (excluding extraordinary and one-off items) for FY2023 & FY2024, as well as the Mobile and NBN Services in Operations Growth over FY2023 and FY2024 (Deferred Consideration) to be satisfied in cash. The acquisition is targeted to be completed by August 1, 2022. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Non-Executive Director Paul Reid is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Apr 01
Swoop Holdings Limited Appoints Patricia Jones as Their New Chief Financial Officer, Effective April 19, 2022 Replacing John Phillips Swoop Holdings Limited announced that Patricia Jones has been appointed as their new Chief Financial Officer, a position that will be made vacant by their current CFO John Phillips who is retiring from public company life to spend more time with family. Patricia has had a stellar career, commencing at KPMG and working in Senior Group Financial Management roles in ASX listed entities such as Stockland Group and GPT; as well as CPB Contractors (one of the large operating companies of CIMIC) and the capital funds division of Macquarie Group. Over the past 5 years she has been Chief Financial Officer at Paynter Dixon, and most recently Better That (e-Commerce start-up with a focus on social responsibility). Patricia will commence formally on the 19th April, 2022 with John staying on in a part time advisory basis to allow for a smooth transition of the important finance functions. Reported Earnings • Feb 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.016 loss per share (up from AU$0.027 loss in 1H 2021). Revenue: AU$23.9m (up 110% from 1H 2021). Net loss: AU$2.86m (loss widened 11% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 61%, compared to a 8.2% growth forecast for the industry in Australia. Announcement • Feb 18
Swoop Holdings Limited (ASX:SWP) entered into a conditional agreement to acquire Luminet Pty Ltd and Luminet Fibre Pty Ltd from William Docherty, Matthew Hart, Barry Evans, and Martin Stanley for AUD 8 million. Swoop Holdings Limited (ASX:SWP) entered into a conditional agreement to acquire Luminet Pty Ltd and Luminet Fibre Pty Ltd from William Docherty, Matthew Hart, Barry Evans, and Martin Stanley for AUD 8 million on February 17, 2022. As per the terms of the agreement, swoop is agreed to pay AUD 5.58 million in cash, AUD 1.6 million in Shares, and AUD 0.82 million to be paid 12 months after completion. The acquisition will be funded from existing cash reserves. The acquisition is subject to customary conditions precedent and is expected to complete on February 28, 2022. Bonitz Advisory acted as a financial advisor, Maddocks acted as a legal advisor to Swoop holdings. Announcement • Feb 02
Swoop Holdings Limited (ASX:SWP) completed the acquisition of Dark Fibre Network assets of iFibre Pty Ltd. Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Dark Fibre Network assets of iFibre Pty Ltd for AUD 1.5 million on January 11, 2022. Swoop will pay AUD 1.2 million upfront and hold the remaining AUD 0.3 million for 6 months for any potential claims. Under the terms of agreement, the assets include 34km long fibre network assets and customer contracts of iFibre. The acquisition will be funded from existing cash reserves. The acquisition is subject to customary conditions and is expected to close on January 31, 2022, or on the later satisfaction of the conditions precedent. Maddocks Lawyers acted as legal advisor to Swoop.
Swoop Holdings Limited (ASX:SWP) completed the acquisition of Dark Fibre Network assets of iFibre Pty Ltd on February 1, 2022. Announcement • Jan 12
Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Dark Fibre Network of iFibre Pty Ltd for AUD 1.5 million. Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Dark Fibre Network of iFibre Pty Ltd for AUD 1.5 million on January 11, 2022. Swoop will pay AUD 1.2 million upfront and hold the remaining AUD 0.3 million for 6 months for any potential claims. Under the terms of agreement, the assets include 34km long fibre network and customer contracts of iFibre. The acquisition will be funded from existing cash reserves. The acquisition is subject to customary conditions and is expected to close on January 31, 2022, or on the later satisfaction of the conditions precedent. Maddocks Lawyers acted as legal advisor to Swoop. Announcement • Dec 19
Swoop Holdings Limited Provides Revenue Guidance for the Year 2022 Swoop Holdings Limited provided revenue guidance for the year 2022. The company announce an upgrade to its FY22 revenue guidance previously provided in October 2021. FY22 Revenue is upgraded from $43.0 million - $45.0 million to $50.0 million - $53.0 million, which represents 72% year-on- year growth from FY21. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.14 loss per share (vs AU$0.12 loss in FY 2020) The company reported a decent full year result with improved revenues, although losses increased and control over costs was weaker. Full year 2021 results: Revenue: AU$23.0m (up 148% from FY 2020). Net loss: AU$13.8m (loss widened 170% from FY 2020). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 50% share price gain to AU$2.31, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 44x in the Telecom industry in Australia. Reported Earnings • Aug 30
Full year 2021 earnings released: AU$0.15 loss per share The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2021 results: Revenue: AU$23.1m (up 151% from FY 2020). Net loss: AU$14.9m (down 204% from profit in FY 2020). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.55, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 44x in the Telecom industry in Australia. Announcement • Jul 23
Swoop Holdings Limited (ASX:SWP) completed the acquisition of Wan Solutions Pty Ltd. Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Wan Solutions Pty Ltd for AUD 6.7 million on July 12, 2021. The consideration is cash free debt free basis. Swoop Holdings Limited shall pay AUD 6 million in cash while AUD 0.7 million through issuance of shares. Under the agreement, AUD 1.3 million of the cash consideration will be held back for 12 months for any potential claims or adjustments. The consideration shares will be escrowed for 12 months. The cash portion will be financed through existing cash reserves. Transaction is subject to customary conditions precedent including obtaining a consent to change of control, release of certain security interests over assets and Beam Internet employees entering into new employment agreements with Swoop Holdings Limited. Completion is expected to take place on or before August 9, 2021. Bonitz Advisory is acting as Swoop’s financial advisor on this transaction, Maddocks is acting as legal advisor and PKF International as tax advisor.
Swoop Holdings Limited (ASX:SWP) completed the acquisition of Wan Solutions Pty Ltd on July 22, 2021. As per closing, Swoop Holdings met the conditions precedent under the share purchase agreement. Announcement • Jun 22
Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Kallistrate Pty Ltd for AUD 1.8 million. Swoop Holdings Limited (ASX:SWP) entered into an agreement to acquire Kallistrate Pty Ltd for AUD 1.8 million on June 21, 2021. Purchase price of $1.75 million comprising $1.225 million in cash and $525,000 in Swoop shares. The acquisition will be funded from existing cash reserves and is expected to complete by 30 June 2021. Bonitz Advisory is acting as Swoop’s M&A adviser on this transaction and Maddocks is acting as legal adviser. Executive Departure • Jun 09
Company Secretary Maggie Niewidok has left the company On the 7th of June, Maggie Niewidok's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Maggie's name. Maggie is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. 