New Risk • Jun 21
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 8.8% 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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (€17.7m market cap, or US$20.3m). Buy Or Sell Opportunity • Jun 16
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to €0.043. The fair value is estimated to be €0.058, 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. Meanwhile, the company has become profitable. Board Change • May 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Geoff Stalley is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 29
Gumtree Australia Markets Limited, Annual General Meeting, Oct 24, 2025 Gumtree Australia Markets Limited, Annual General Meeting, Oct 24, 2025. Announcement • Jun 30
ADVFN Plc (OTCPK:AVFC.F) entered into a binding share purchase agreement to acquire Capital markets businesses from Gumtree Australia Markets Limited (ASX:GUM). ADVFN Plc (OTCPK:AVFC.F) entered into a binding share purchase agreement to acquire Capital markets businesses from Gumtree Australia Markets Limited (ASX:GUM) on June 30, 2025. The consideration consists of AUD 6.8 million enterprise value (on a cash-free debt-free basis), payable upfront in cash, repayment of outstanding shareholder loans totaling AUD 2.8 million, repayment of AUD 0.75 million towards the Gumtree Australia Markets Limited's outstanding CBA facility, AUD 1.3 million loan with Royal Bank of Canada to be transferred to ADVFN Plc. The transaction will generate AUD 2.0 million in cash (before transaction costs) and reduces Group's overall debt by AUD 4.8 million. As part of the transaction, Twila Jensen has stepped down from the Gumtree Australia Markets Limited's board. The expected completion of the transaction is June 30, 2025. Announcement • Oct 18
the Market Limited Announces Resignation of Alec Pismiris as Non-Executive Director The Market Limited advised that Mr. Alec Pismiris has resigned as Non-Executive Director with immediate effect. The Board would like to thank him for his contribution to the Company over the past 8 years and his input into the Board. Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.018 profit in FY 2023) Full year 2024 results: AU$0.02 loss per share (down from AU$0.018 profit in FY 2023). Revenue: AU$91.5m (up 12% from FY 2023). Net loss: AU$6.36m (down 233% from profit in FY 2023). Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Alec Pismiris is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
The Market Limited, Annual General Meeting, Nov 21, 2024 The Market Limited, Annual General Meeting, Nov 21, 2024. Announcement • Sep 05
The Market Limited Appoints John O'loghlen as Independent Non-Executive Director The Market Limited announced the appointment of independent Non-Executive Director Mr. John O'Loghlen effective September 5, 2024. John O'Loghlen is currently Managing Director of APC at Coinbase. Prior to joining Coinbase, Mr. O'Loghlen spent four years at Ant Group where he was Regional Director for Australia between May 2021 and July 2022. Before that, he was Director for Alipay Australia and New Zealand. From March 2016 to July 2018, he was Director - Business Development at Alibaba where he oversaw the onboarding of over 250 ANZ brands onto the Tmall Global e- commerce platform. He also worked with food businesses supplying the Alibaba Group's Tmall Fresh, Hema Fresh and Yiguo platforms. Prior to relocating to Sydney in 2014, he also co-founded Gung Ho! Pizza, a commercial and strategic partner in China for Fonterra and winner of all major industry awards. Prior to Gung Ho! Pizza, from 2006 to 2009, John was involved in Domino's Pizza International's Asian business overseeing the expansion of its international footprint. John also spent five years in investment banking at Goldman Sachs, working with telecom and technology clients and financial sponsors in London, New York, Hong Kong, Shanghai and Beijing, where he also worked for former Goldman Sachs Chairman John L. Thornton's advisory business. He holds a BA from Harvard University and an MPhil from Cambridge University. He studied Chinese at Tsinghua and BLCU in Beijing, and is proficient in Mandarin. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (€35.3m market cap, or US$39.2m). Reported Earnings • Aug 28
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.018 profit in FY 2023) Full year 2024 results: AU$0.02 loss per share (down from AU$0.018 profit in FY 2023). Revenue: AU$91.7m (up 12% from FY 2023). Net loss: AU$6.36m (down 233% from profit in FY 2023). New Risk • Jul 30
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 German stocks, typically moving 10% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (€29.1m market cap, or US$31.5m). Buy Or Sell Opportunity • Jul 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to €0.093. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 07
Now 27% undervalued The stock has been flat over the last 90 days, currently trading at €0.086. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 17
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €0.096. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company became loss making. 
