Announcement • Jun 18
Bathurst Resources Limited Announces Company Secretary Changes Bathurst Resources Limited announced with deep sadness unexpected passing of its Company Secretary, Larissa Brown. Kieran McColl, the Chief Financial Officer of BRL, has been appointed acting Company Secretary. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman Peter Westerhuis was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 06
Bathurst Resources Limited to Report Q3, 2026 Results on May 12, 2026 Bathurst Resources Limited announced that they will report Q3, 2026 results on May 12, 2026 Announcement • Feb 23
Bathurst Resources Limited to Report First Half, 2026 Results on Feb 27, 2026 Bathurst Resources Limited announced that they will report first half, 2026 results on Feb 27, 2026 Announcement • Oct 27
Bathurst Resources Limited to Report Q1, 2026 Results on Oct 28, 2025 Bathurst Resources Limited announced that they will report Q1, 2026 results on Oct 28, 2025 Announcement • Oct 15
Bathurst Resources Limited, Annual General Meeting, Dec 03, 2025 Bathurst Resources Limited, Annual General Meeting, Dec 03, 2025. Announcement • Aug 25
Bathurst Resources Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 Bathurst Resources Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Announcement • Apr 29
Bathurst Resources Limited to Report Q3, 2025 Results on Apr 30, 2025 Bathurst Resources Limited announced that they will report Q3, 2025 results on Apr 30, 2025 Announcement • Mar 27
Bathurst Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Bathurst Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,054,054
Price\Range: AUD 0.74 Announcement • Mar 25
Bathurst Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 34.392797 million. Bathurst Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 34.392797 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,476,753
Price\Range: AUD 0.74
Discount Per Security: AUD 0.0444
Transaction Features: Subsequent Direct Listing Announcement • Feb 21
Bathurst Resources Limited to Report First Half, 2025 Results on Feb 25, 2025 Bathurst Resources Limited announced that they will report first half, 2025 results on Feb 25, 2025 Announcement • Oct 30
Bathurst Resources Limited to Report Q1, 2025 Results on Oct 30, 2024 Bathurst Resources Limited announced that they will report Q1, 2025 results on Oct 30, 2024 Announcement • Oct 03
Bathurst Resources Limited, Annual General Meeting, Nov 27, 2024 Bathurst Resources Limited, Annual General Meeting, Nov 27, 2024. New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 89% Last year net profit margin: 207% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (89% net profit margin). Market cap is less than US$100m (€83.1m market cap, or US$92.9m). Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: NZ$0.20 (vs NZ$0.47 in FY 2023) Full year 2024 results: EPS: NZ$0.20 (down from NZ$0.47 in FY 2023). Revenue: NZ$43.4m (flat on FY 2023). Net income: NZ$38.5m (down 57% from FY 2023). Profit margin: 89% (down from 207% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Aug 02
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 German stocks, typically moving 6.8% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€88.1m market cap, or US$95.3m). Announcement • Jul 29
Bathurst Resources Limited to Report Q4, 2024 Results on Jul 31, 2024 Bathurst Resources Limited announced that they will report Q4, 2024 results on Jul 31, 2024 New Risk • Jul 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.5m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (€91.5m market cap, or US$99.2m). Board Change • Jun 02
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. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Francois Tumahai 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. Buy Or Sell Opportunity • Apr 29
Now 21% overvalued Over the last 90 days, the stock has fallen 9.7% to €0.51. The fair value is estimated to be €0.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Apr 24
Bathurst Resources Limited to Report Q3, 2024 Results on Apr 29, 2024 Bathurst Resources Limited announced that they will report Q3, 2024 results on Apr 29, 2024 New Risk • Mar 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 High level of non-cash earnings (35% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Announcement • Mar 01
Bathurst Resources Limited to Report First Half, 2024 Results on Feb 29, 2024 Bathurst Resources Limited announced that they will report first half, 2024 results on Feb 29, 2024 New Risk • Jan 28
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 German stocks, typically moving 7.1% 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 High level of non-cash earnings (35% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Oct 05
Bathurst Resources Limited, Annual General Meeting, Nov 30, 2023 Bathurst Resources Limited, Annual General Meeting, Nov 30, 2023. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: NZ$0.47 (vs NZ$0.18 in FY 2022) Full year 2023 results: EPS: NZ$0.47 (up from NZ$0.18 in FY 2022). Revenue: NZ$43.7m (up 11% from FY 2022). Net income: NZ$90.5m (up 197% from FY 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 02
Full year 2022 earnings released: EPS: NZ$0.18 (vs NZ$0.39 in FY 2021) Full year 2022 results: EPS: NZ$0.18 (down from NZ$0.39 in FY 2021). Revenue: NZ$39.6m (down 18% from FY 2021). Net income: NZ$30.5m (down 54% from FY 2021). Profit margin: 77% (down from 139% in FY 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 18% share price gain to €1.06, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 57% over the past three years. Buying Opportunity • Jan 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be NZ$0.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Executive Departure • Oct 01
Company Secretary Bill Lyne has left the company On the 30th of September, Bill Lyne's tenure as Company Secretary ended after 6.4 years in the role. We don't have any record of a personal shareholding under Bill's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.46 years. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS NZ$0.39 (vs NZ$0.28 loss in FY 2020) Full year 2021 results: Revenue: NZ$48.2m (up 2.5% from FY 2020). Net income: NZ$66.7m (up NZ$114.1m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 13
Independent Non-Executive Chairman Tokorangi Kapea has left the company On the 1st of July, Tokorangi Kapea's tenure as Independent Non-Executive Chairman ended after 8.1 years in the role. We don't have any record of a personal shareholding under Tokorangi's name. Tokorangi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.17 years.