AKITA Drilling Ltd.

TSX:AKT.A Stock Report

Market Cap: CA$65.1m

AKITA Drilling Management

Management criteria checks 2/4

AKITA Drilling's CEO is Colin Dease, appointed in Jun 2022, has a tenure of 2.5 years. total yearly compensation is CA$1.04M, comprised of 33.9% salary and 66.1% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth CA$290.32K. The average tenure of the management team and the board of directors is 5.1 years and 13.3 years respectively.

Key information

Colin Dease

Chief executive officer

CA$1.0m

Total compensation

CEO salary percentage33.9%
CEO tenure2.5yrs
CEO ownership0.4%
Management average tenure5.1yrs
Board average tenure13.3yrs

Recent management updates

Recent updates

Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

Sep 24
Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 09
AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 31
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Mar 05
Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

Jan 25
Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Nov 08
The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Jul 12
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 27
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Sep 23
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Jun 15
AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Nov 04
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Jul 22
Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Apr 08
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

Dec 24
Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

CEO Compensation Analysis

How has Colin Dease's remuneration changed compared to AKITA Drilling's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$2m

Jun 30 2024n/an/a

CA$5m

Mar 31 2024n/an/a

CA$12m

Dec 31 2023CA$1mCA$351k

CA$18m

Sep 30 2023n/an/a

CA$28m

Jun 30 2023n/an/a

CA$27m

Mar 31 2023n/an/a

CA$17m

Dec 31 2022CA$730kCA$280k

CA$4m

Sep 30 2022n/an/a

-CA$9m

Jun 30 2022n/an/a

-CA$18m

Mar 31 2022n/an/a

-CA$20m

Dec 31 2021CA$560kCA$243k

-CA$21m

Sep 30 2021n/an/a

-CA$44m

Jun 30 2021n/an/a

-CA$46m

Mar 31 2021n/an/a

-CA$45m

Dec 31 2020CA$202kCA$179k

-CA$93m

Sep 30 2020n/an/a

-CA$74m

Jun 30 2020n/an/a

-CA$71m

Mar 31 2020n/an/a

-CA$71m

Dec 31 2019CA$302kCA$200k

-CA$20m

Sep 30 2019n/an/a

-CA$18m

Jun 30 2019n/an/a

-CA$18m

Mar 31 2019n/an/a

-CA$15m

Dec 31 2018CA$286kCA$190k

-CA$16m

Sep 30 2018n/an/a

-CA$36m

Jun 30 2018n/an/a

-CA$35m

Mar 31 2018n/an/a

-CA$36m

Dec 31 2017CA$245kCA$163k

-CA$39m

Compensation vs Market: Colin's total compensation ($USD721.71K) is above average for companies of similar size in the Canadian market ($USD163.24K).

Compensation vs Earnings: Colin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Colin Dease (49 yo)

2.5yrs

Tenure

CA$1,036,139

Compensation

Mr. Colin A. Dease, ICD D serves as President at AKITA Drilling Ltd. since June 2022 and served as its Chief Operating Officer since June 2022 until April 2023 and serves as its Chief Executive Officer sin...

Leadership Team

NamePositionTenureCompensationOwnership
Linda Southern-Heathcott
Executive Chair31.1yrsCA$650.00k4.23%
CA$ 2.8m
Colin Dease
CEO & President2.5yrsCA$1.04m0.45%
CA$ 290.3k
Darcy Reynolds
VP of Finance & CFO7.8yrsCA$742.50k0.24%
CA$ 159.3k
Lorne Thompson
Vice President of Technical Operations12.2yrsCA$363.58kno data
Clayton Bourque
Vice President of Business Developmentno datano datano data

5.1yrs

Average Tenure

51.5yo

Average Age

Experienced Management: AKT.A's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Linda Southern-Heathcott
Executive Chair31.1yrsCA$650.00k4.23%
CA$ 2.8m
Nancy Southern
Deputy Chairman of the Board31.1yrsCA$18.00k0.10%
CA$ 66.3k
Charles Wilson
Independent Director22.3yrsCA$18.56k0.14%
CA$ 92.4k
Douglas Dafoe
Independent Director6.3yrsCA$19.68k0.075%
CA$ 49.1k
Henry Wilmot
Independent Director10.1yrsCA$17.43k0.043%
CA$ 28.3k
Robert Peabody
Independent Director2.6yrsCA$16.87k0.0090%
CA$ 5.8k
Loraine Charlton
Independent Director18.6yrsCA$26.43k0.081%
CA$ 52.9k
Harish Mohan
Independent Director13.3yrsCA$20.81k0.064%
CA$ 41.5k
D. Yeates
Independent Directorless than a yearno data0.0061%
CA$ 4.0k

13.3yrs

Average Tenure

67yo

Average Age

Experienced Board: AKT.A's board of directors are seasoned and experienced ( 13.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:33
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AKITA Drilling Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Capital Markets
Michael MazarBMO Capital Markets Equity Research
null nullRBC Capital Markets