Announcement • Mar 17
Rivco Australia Ltd, Annual General Meeting, Apr 17, 2026 Rivco Australia Ltd, Annual General Meeting, Apr 17, 2026. Location: gilbert suite, adelaide convention centre, north terrace, adelaide sa 5000, Australia Announcement • May 15
Australia acquired 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) in a transaction valued at approximately AUD 120 million. Australia entered into a sale agreement to acquire 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) in a transaction valued at approximately AUD 120 million on March 6, 2025.
Settlement of this transaction is subject to receipt of the required water authority approvals for the transfers. It is expected that settlement will occur 10 business days after receipt of such approvals.
Australia completed the acquisition of 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) on May 15, 2025. The AUD 121 million of the transaction has been settled and the remaining AUD 0.3 million is expected to settle next week. Announcement • Apr 30
Duxton Water Limited, Annual General Meeting, May 30, 2025 Duxton Water Limited, Annual General Meeting, May 30, 2025. Location: gilbert suite, adelaide convention centre, north terrace, adelaide sa 5000, Australia Upcoming Dividend • Oct 03
Upcoming dividend of AU$0.037 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 25 October 2024. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Australian dividend payers (5.9%). Higher than average of industry peers (3.4%). Declared Dividend • Sep 01
First half dividend increased to AU$0.037 Dividend of AU$0.037 is 5.7% higher than last year. Ex-date: 10th October 2024 Payment date: 25th October 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (148% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 5.5% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Aug 31
Duxton Water Limited to Report First Half, 2024 Results on Aug 30, 2024 Duxton Water Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Aug 30
Duxton Water Limited Declares Fully Franked Dividend, Payable on October 25, 2024 Duxton Water Limited declared fully franked dividend of 3.7 cents per share, Payable on October 25, 2024. Record Date is October 11, 2024. Franking is fully franked (30% tax rate). Upcoming Dividend • Apr 04
Upcoming dividend of AU$0.036 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 26 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.8%. Lower than top quartile of Australian dividend payers (6.2%). Higher than average of industry peers (3.7%). Announcement • Mar 21
Duxton Water Limited, Annual General Meeting, May 29, 2024 Duxton Water Limited, Annual General Meeting, May 29, 2024. Declared Dividend • Mar 02
Final dividend increased to AU$0.036 Dividend of AU$0.036 is 5.9% higher than last year. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 55% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: AU$0.048 (vs AU$0.084 in FY 2022) Full year 2023 results: EPS: AU$0.048 (down from AU$0.084 in FY 2022). Revenue: AU$20.9m (up 4.8% from FY 2022). Net income: AU$6.33m (down 37% from FY 2022). Profit margin: 30% (down from 50% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 16
Duxton Water Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 27, 2023 Duxton Water Limited announced ordinary dividend of AUD 0.03500000 for the six months ended June 30, 2023. Record Date: October 13, 2023. Ex-Date: October 12, 2023. Payment Date: October 27, 2023. Upcoming Dividend • Oct 05
Upcoming dividend of AU$0.035 per share at 4.1% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 27 October 2023. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (7.2%). In line with average of industry peers (3.8%). Reported Earnings • Aug 26
First half 2023 earnings released: EPS: AU$0.024 (vs AU$0.037 in 1H 2022) First half 2023 results: EPS: AU$0.024 (down from AU$0.037 in 1H 2022). Revenue: AU$9.82m (up 42% from 1H 2022). Net income: AU$2.84m (down 36% from 1H 2022). Profit margin: 29% (down from 64% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 25
Duxton Water Limited Announces Interim Dividend for Year 2023, Payable on 27 October 2023; Reaffirms Dividend Guidance for the Final 2023 and Interim 2024 Duxton Water Limited announced and declare the interim 2023 dividend of 3.5 cents (fully franked) to be paid to shareholders on 27 October 2023. The company reaffirmed dividend guidance for the final 2023 and interim 2024. For the final 2023, the company expected to pay the dividend of 3.6 cents (fully franked). For the interim 2024, the company expected to pay the dividend of 3.7 cents (fully franked). New Risk • Aug 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Aug 03
Duxton Water Limited has completed a Follow-on Equity Offering in the amount of AUD 44.230806 million. Duxton Water Limited has completed a Follow-on Equity Offering in the amount of AUD 44.230806 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,743,602
Price\Range: AUD 1.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,743,602
Price\Range: AUD 1.5
Discount Per Security: AUD 0.075
Transaction Features: Rights Offering New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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 Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Upcoming Dividend • Apr 06
Upcoming dividend of AU$0.034 per share at 3.8% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: AU$0.084 (vs AU$0.071 in FY 2021) Full year 2022 results: EPS: AU$0.084 (up from AU$0.071 in FY 2021). Revenue: AU$20.0m (down 32% from FY 2021). Net income: AU$10.0m (up 17% from FY 2021). Profit margin: 50% (up from 29% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 06
Upcoming dividend of AU$0.033 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (3.3%). Reported Earnings • Sep 02
First half 2022 earnings released: EPS: AU$0.037 (vs AU$0.017 in 1H 2021) First half 2022 results: EPS: AU$0.037 (up from AU$0.017 in 1H 2021). Revenue: AU$6.92m (down 59% from 1H 2021). Net income: AU$4.44m (up 112% from 1H 2021). Profit margin: 64% (up from 13% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 06
Upcoming dividend of AU$0.032 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 29 April 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.8%). Buying Opportunity • Mar 22
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% per annum over the last 3 years. Earnings per share has grown by 7.9% per annum over the last 3 years. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: AU$0.071 (down from AU$0.073 in FY 2020). Revenue: AU$29.3m (down 26% from FY 2020). Net income: AU$8.54m (down 1.8% from FY 2020). Profit margin: 29% (up from 22% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 07
Upcoming dividend of AU$0.031 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 4.2%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (2.8%). Reported Earnings • Sep 05
First half 2021 earnings released: EPS AU$0.017 (vs AU$0.036 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$16.7m (down 9.5% from 1H 2020). Net income: AU$2.09m (up AU$6.42m from 1H 2020). Profit margin: 13% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 08
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 30 April 2021. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.4%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 30
Full year 2020 earnings released: EPS AU$0.073 (vs AU$0.064 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$39.6m (down 59% from FY 2019). Net income: AU$8.70m (up 17% from FY 2019). Profit margin: 22% (up from 7.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS AU$0.001 (vs AU$0.064 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$39.6m (down 59% from FY 2019). Net income: AU$8.70m (up 17% from FY 2019). Profit margin: 22% (up from 7.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 18
New 90-day low: AU$1.36 The company is down 1.0% from its price of AU$1.38 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: AU$1.41 The company is up 7.0% from its price of AU$1.32 on 18 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 1.0% over the same period.