Recent Insider Transactions • May 25
Independent Director recently sold €222k worth of stock On the 21st of May, Steven Stein sold around 20k shares on-market at roughly €11.12 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.3m. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. Declared Dividend • May 21
First quarter dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 139% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Brian Hedges was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Black Diamond Group Limited to Report Q1, 2026 Results on Apr 30, 2026 Black Diamond Group Limited announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Announcement • Mar 02
Black Diamond Group Limited, Annual General Meeting, May 07, 2026 Black Diamond Group Limited, Annual General Meeting, May 07, 2026. Announcement • Feb 27
Black Diamond Group Limited Declares First Quarter Dividend, Payable on or About April 15, 2026 Black Diamond Group Limited declared a first quarter dividend of $0.045 payable on or about April 15, 2026 to shareholders of record on March 31, 2026. Announcement • Feb 05
Black Diamond Group Limited to Report Q4, 2025 Results on Feb 26, 2026 Black Diamond Group Limited announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 Announcement • Nov 13
Black Diamond Group Limited (TSX:BDI) acquired Royal Camp Services Ltd. Black Diamond Group Limited (TSX:BDI) entered into a definitive share purchase agreement to acquire Royal Camp Services Ltd. for CAD165 million, subject to adjustment on September 22, 2025. The purchase price consists of cash consideration of CAD 116.68 million and consists of 4 million common equity of Black Diamond Group Limited having a value of CAD 48.32 million to be issued to Royal Camp Services Ltd. The cash portion of the purchase price will be drawn from the Black Diamond Group Limited's asset-based credit facility. As part of the acquisition, The combined Canadian workforce accommodations business of Black Diamond and Royal will have over 600 employees.
The transaction is subject to the satisfaction of certain regulatory approvals, including but not limited to clearance under the Competition Act (Canada) and closing is expected prior to the end of 2025.
Black Diamond Group Limited (TSX:BDI) completed the acquisition of Royal Camp Services Ltd. on November 12, 2025. It was acquired for CAD 165 million, which comprises of approximately $150 million in cash and 1,377,911 common shares in the capital of Black Diamond Group Limited. Announcement • Oct 31
Black Diamond Group Limited Announces Increase to Its Quarterly Dividend, Payable on or About January 15, 2026 Black Diamond Group Limited announced a 29% increase to its quarterly dividend from $0.035 to $0.045 per quarter, marking the fifth dividend increase since its reinstatement in 2021. The fourth quarter dividend of $0.045 is payable on or about January 15, 2026 to shareholders of record on December 31, 2025. Announcement • Oct 01
Black Diamond Group Limited to Report Q3, 2025 Results on Oct 30, 2025 Black Diamond Group Limited announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Announcement • Sep 22
Black Diamond Group Limited (TSX:BDI) entered into a definitive share purchase agreement to acquire Royal Camp Services Ltd for $165 million. Black Diamond Group Limited (TSX:BDI) entered into a definitive share purchase agreement to acquire Royal Camp Services Ltd. for $165 million, subject to adjustment on September 22, 2025. The purchase price consists of cash consideration of CAD 116.68 million and consists of 4 million common equity of Black Diamond Group Limited having a value of CAD 48.32 million to be issued to Royal Camp Services Ltd. The cash portion of the purchase price will be drawn from the Black Diamond Group Limited's asset-based credit facility. As part of the acquisition, The combined Canadian workforce accommodations business of Black Diamond and Royal will have over 600 employees.
The transaction is subject to the satisfaction of certain regulatory approvals, including but not limited to clearance under the Competition Act (Canada and closing is expected prior to the end of 2025. Announcement • Aug 08
Black Diamond Group Limited Declares Third Quarter Dividend, Payable on or About October 15, 2025 Black Diamond Group Limited declared a third quarter dividend of $0.035 payable on or about October 15, 2025 to shareholders of record on September 30, 2025. Announcement • Jul 09
Black Diamond Group Limited to Report Q2, 2025 Results on Aug 07, 2025 Black Diamond Group Limited announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Announcement • Jun 26
Black Diamond Group Limited has filed a Follow-on Equity Offering in the amount of CAD 36.855 million. Black Diamond Group Limited has filed a Follow-on Equity Offering in the amount of CAD 36.855 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 4,050,000
Price\Range: CAD 9.1 Announcement • May 02
Black Diamond Group Limited Declares Second Quarter Dividend, Payable on or About July 15, 2025 Black Diamond Group Limited declared second quarter dividend of $0.035 payable on or about July 15, 2025 to shareholders of record on June 30, 2025. Announcement • Mar 05
Black Diamond Group Limited, Annual General Meeting, May 13, 2025 Black Diamond Group Limited, Annual General Meeting, May 13, 2025. Declared Dividend • Nov 11
Third quarter dividend of CA$0.035 announced Shareholders will receive a dividend of CA$0.035. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 1.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.23 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.12 (down from CA$0.23 in 3Q 2023). Revenue: CA$101.2m (down 14% from 3Q 2023). Net income: CA$7.37m (down 46% from 3Q 2023). Profit margin: 7.3% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Announcement • Nov 01
Black Diamond Group Limited Increases Dividend for the Fourth Quarter of 2024, Payable on or About January 15, 2025 Black Diamond Group Limited announced a 17% increase to its quarterly dividend from $0.03 to $0.035 per quarter. The fourth quarter dividend of $0.035 is payable on or about January 15, 2025 to shareholders of record on December 31, 2024. Buy Or Sell Opportunity • Oct 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to €5.80. The fair value is estimated to be €7.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to decline by 9.9% in the next 2 years. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Aug 21
Independent Director recently sold €94k worth of stock On the 16th of August, Steven Stein sold around 14k shares on-market at roughly €6.66 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. New Risk • Aug 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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: Minor Risks High level of debt (74% net debt to equity). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Declared Dividend • Aug 12
Second quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.075 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.12 (up from CA$0.075 in 2Q 2023). Revenue: CA$95.5m (up 4.7% from 2Q 2023). Net income: CA$7.50m (up 64% from 2Q 2023). Profit margin: 7.9% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year. Announcement • Aug 02
Black Diamond Group Limited Declares Dividend for the third quarter of 2024, payable on or about October 15, 2024 Black Diamond Group Limited declared a third quarter 2024 dividend of CAD 0.03 payable on or about October 15, 2024 to shareholders of record on September 30, 2024. Declared Dividend • May 08
First quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 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: Minor Risks High level of debt (63% net debt to equity). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€1.1m sold). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.074 in 1Q 2023) First quarter 2024 results: EPS: CA$0.02 (down from CA$0.074 in 1Q 2023). Revenue: CA$73.6m (down 9.7% from 1Q 2023). Net income: CA$1.47m (down 67% from 1Q 2023). Profit margin: 2.0% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 11
Chairman recently sold €60k worth of stock On the 3rd of April, Trevor Haynes sold around 10k shares on-market at roughly €5.98 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €461k. Trevor has been a net seller over the last 12 months, reducing personal holdings by €367k. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Brian Hedges was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 21
Insider recently sold €83k worth of stock On the 18th of March, Michael Ridley sold around 14k shares on-market at roughly €6.03 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €307k. Insiders have been net sellers, collectively disposing of €919k more than they bought in the last 12 months. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.6%). Declared Dividend • Mar 11
Fourth quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Mar 08
Insider recently sold €61k worth of stock On the 5th of March, Patrick Melanson sold around 10k shares on-market at roughly €6.10 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €677k more than they bought in the last 12 months. New Risk • Mar 03
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 Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks High level of debt (63% net debt to equity). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CA$0.50 (vs CA$0.45 in FY 2022) Full year 2023 results: EPS: CA$0.50 (up from CA$0.45 in FY 2022). Revenue: CA$393.5m (up 21% from FY 2022). Net income: CA$30.4m (up 15% from FY 2022). Profit margin: 7.7% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Commercial Services industry in Germany. 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 43% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.03 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.92, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 353% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.31 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.15 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.22 (up from CA$0.15 in 3Q 2022). Revenue: CA$117.5m (up 23% from 3Q 2022). Net income: CA$13.6m (up 50% from 3Q 2022). Profit margin: 12% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
Black Diamond Group Limited Declares Fourth Quarter of 2023 Dividend, Payable on or About January 15, 2024 Black Diamond Group Limited declared a fourth quarter dividend of $0.03 payable on or about January 15, 2024 to shareholders of record on December 31, 2023. Subsequent to the end of the Quarter, the Company increased its quarterly dividend per share payout by 50% from $0.02 to $0.03. New Risk • Nov 03
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 Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks High level of debt (74% net debt to equity). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Announcement • Oct 07
Black Diamond Group Limited to Report Q3, 2023 Results on Nov 02, 2023 Black Diamond Group Limited announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.02 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 October 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.6%). New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk High level of debt (74% net debt to equity). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: CA$0.08 (vs CA$0.067 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.08 (up from CA$0.067 in 2Q 2022). Revenue: CA$91.1m (up 31% from 2Q 2022). Net income: CA$4.57m (up 15% from 2Q 2022). Profit margin: 5.0% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Black Diamond Group Limited Declares Dividend for the Third Quarter of 2023, Payable on or About October 15, 2023 Black Diamond Group Limited declared a third quarter dividend of $0.02 payable on or about October 15, 2023, to shareholders of record on September 30, 2023. Announcement • Jul 18
Black Diamond Group Limited to Report Q2, 2023 Results on Aug 03, 2023 Black Diamond Group Limited announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 New Risk • Jun 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (75% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€348k sold). Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.02 per share at 1.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 July 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.069 in 1Q 2022) First quarter 2023 results: EPS: CA$0.07 (up from CA$0.069 in 1Q 2022). Revenue: CA$81.5m (up 16% from 1Q 2022). Net income: CA$4.42m (up 10.0% from 1Q 2022). Profit margin: 5.4% (down from 5.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 09
Chairman recently sold €282k worth of stock On the 5th of April, Trevor Haynes sold around 65k shares on-market at roughly €4.34 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Trevor has been a net seller over the last 12 months, reducing personal holdings by €464k. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.02 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 15 April 2023. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Mar 12
Chairman recently sold €144k worth of stock On the 9th of March, Trevor Haynes sold around 30k shares on-market at roughly €4.78 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Trevor has been a net seller over the last 12 months, reducing personal holdings by €155k. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CA$0.45 (vs CA$0.35 in FY 2021) Full year 2022 results: EPS: CA$0.45 (up from CA$0.35 in FY 2021). Revenue: CA$324.5m (down 4.4% from FY 2021). Net income: CA$26.4m (up 30% from FY 2021). Profit margin: 8.1% (up from 6.0% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Commercial Services industry in Germany. Total returns to shareholders of 271% over the past three years. Announcement • Feb 07
Black Diamond Group Limited to Report Q4, 2022 Results on Mar 02, 2023 Black Diamond Group Limited announced that they will report Q4, 2022 results After-Market on Mar 02, 2023 Recent Insider Transactions • Jan 14
Independent Director recently sold €120k worth of stock On the 12th of January, Steven Stein sold around 35k shares on-market at roughly €3.38 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €25k more than they bought in the last 12 months. Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.02 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 January 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.1%). Buying Opportunity • Nov 08
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €4.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.3% in 2 years. Earnings is forecast to decline by 0.9% in the next 2 years. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: CA$0.15 (vs CA$0.098 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.15 (up from CA$0.098 in 3Q 2021). Revenue: CA$95.9m (down 12% from 3Q 2021). Net income: CA$9.04m (up 59% from 3Q 2021). Profit margin: 9.4% (up from 5.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Black Diamond Group Limited Declares Dividend for the Fourth Quarter 2022, Payable on or About January 15, 2023 On November 3, 2022, the Board of Directors of Black Diamond Group Limited approved an increase of 33% to the Company's annual dividend per share payout from $0.06 to $0.08. The Company also declared a fourth quarter dividend of $0.02 payable on or about January 15, 2023 to shareholders of record on December 31, 2022. Announcement • Oct 19
Black Diamond Group Limited to Report Q3, 2022 Results on Nov 03, 2022 Black Diamond Group Limited announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2022 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 15 October 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.7%). Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: CA$0.07 (vs CA$0.022 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.07 (up from CA$0.022 in 2Q 2021). Revenue: CA$69.4m (flat on 2Q 2021). Net income: CA$3.98m (up 216% from 2Q 2021). Profit margin: 5.7% (up from 1.8% in 2Q 2021). Over the next year, revenue is expected to shrink by 11% compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Black Diamond Group Limited Declares Dividend for the Third Quarter 2022, Payable on or About October 15, 2022 Black Diamond Group Limited declared a third quarter dividend of $0.015 payable on or about October 15, 2022 to shareholders of record on September 30, 2022. Announcement • Jul 14
Black Diamond Group Limited to Report Q2, 2022 Results on Aug 04, 2022 Black Diamond Group Limited announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.6%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: CA$0.07 (vs CA$0.048 in 1Q 2021) First quarter 2022 results: EPS: CA$0.07 (up from CA$0.048 in 1Q 2021). Revenue: CA$70.2m (up 6.8% from 1Q 2021). Net income: CA$4.02m (up 47% from 1Q 2021). Profit margin: 5.7% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 11% compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • May 05
Black Diamond Group Limited Declares Second Quarter Dividend, Payable on or About July 15, 2022 Black Diamond Group Limited declared a second quarter dividend of $0.015 payable on or about July 15, 2022 to shareholders of record on June 30, 2022. Announcement • Apr 14
Black Diamond Group Limited to Report Q1, 2022 Results on May 04, 2022 Black Diamond Group Limited announced that they will report Q1, 2022 results After-Market on May 04, 2022 Recent Insider Transactions • Mar 23
Insider recently bought €263k worth of stock On the 17th of March, Michael Ridley bought around 85k shares on-market at roughly €3.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €220k more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 3.5% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.6%). Announcement • Mar 06
Black Diamond Group Limited Declares First Quarter Dividend, Payable on or About April 15, 2022 and Increases Its Annual Dividend Per Share Black Diamond Group Limited declared a first quarter dividend of $0.015 payable on or about April 15, 2022 to shareholders of record on March 31, 2022.Subsequent to the end of the fourth quarter, the company increased its annual dividend per share payout by 20% from $0.05 to $0.06. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.35 (up from CA$0.063 loss in FY 2020). Revenue: CA$339.6m (up 89% from FY 2020). Net income: CA$20.4m (up CA$23.9m from FY 2020). Profit margin: 6.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Over the next year, revenue is expected to shrink by 14% compared to a 22% growth forecast for the industry in Germany. 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 37% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
Black Diamond Group Limited, Annual General Meeting, May 03, 2022 Black Diamond Group Limited, Annual General Meeting, May 03, 2022. Announcement • Feb 04
Black Diamond Group Limited to Report Q4, 2021 Results on Mar 03, 2022 Black Diamond Group Limited announced that they will report Q4, 2021 results After-Market on Mar 03, 2022 Recent Insider Transactions • Jan 09
Chairman & CEO recently sold €72k worth of stock On the 6th of January, Trevor Haynes sold around 22k shares on-market at roughly €3.20 per share. This was the largest sale by an insider in the last 3 months. Trevor has been a seller over the last 12 months, reducing personal holdings by €57k. Upcoming Dividend • Dec 23
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to €3.32, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Commercial Services industry in Europe. Total returns to shareholders of 145% over the past three years. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS CA$0.098 (vs CA$0.013 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$108.8m (up 164% from 3Q 2020). Net income: CA$5.69m (up CA$6.43m from 3Q 2020). Profit margin: 5.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 26
Independent Director recently bought €105k worth of stock On the 21st of September, Edward Kernaghan bought around 47k shares on-market at roughly €2.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €372k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.007 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$68.9m (up 85% from 2Q 2020). Net income: CA$1.26m (up CA$1.66m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2021 earnings released: EPS CA$0.05 (vs CA$0.002 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$65.8m (up 46% from 1Q 2020). Net income: CA$2.74m (up CA$2.86m from 1Q 2020). Profit margin: 4.2% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Executive Departure • May 04
Independent Director has left the company On the 27th of April, David Olsson's tenure as Independent Director ended after 7.3 years in the role. We don't have any record of a personal shareholding under David's name. David is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day high: €2.20 The company is up 77% from its price of €1.24 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.11 per share. Reported Earnings • Mar 06
Full year 2020 earnings released: CA$0.06 loss per share (vs CA$0.14 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CA$179.9m (down 3.3% from FY 2019). Net loss: CA$3.50m (loss narrowed 53% from FY 2019). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 34%, compared to a 9.9% growth forecast for the Commercial Services industry in Germany. Announcement • Mar 06
Black Diamond Group Announces Executive Changes Black Diamond Group Limited announce the appointment of Leilani Latimer and Brian Hedges to its Board of Directors, effective March 4, 2021. David Olsson, who joined Black Diamond’s Board of Directors in January 2014 will not be standing for re-election at the Company’s upcoming Annual and Special Shareholder Meeting. Mr. Hedges is an experienced executive with a strong track record. He served as President and CEO of Russel Metals (RUS:TSX) from 2009 until his retirement in 2019. He remains on the Board of Directors of Russel. Ms. Latimer has a track record of growing B2B, SaaS and enterprise software companies with extensive experience in the travel technology sector. During a 25 year career with Sabre Inc., Ms. Latimer held leadership positions throughout the organization that extended across the full commercial continuum.