Announcement • Jun 12
Vinyl Group Ltd (ASX:VNL) agreed to acquire Print & Digital Publishing Pty Ltd from Time Out Group plc (AIM:TMO). Vinyl Group Ltd (ASX:VNL) agreed to acquire Print & Digital Publishing Pty Ltd from Time Out Group plc (AIM:TMO) on June 10, 2026.
Concurrently, the companies entered into a long-term franchise agreement under which Vinyl Group will become the exclusive franchise partner for the Time Out brand in Australia. As part of the franchise agreement, Time Out will receive ongoing royalty payments and annual minimum guaranteed payments from Vinyl Group. The expected completion of the transaction is June 24, 2026.
Red Leaf Securities Pty Ltd acted as financial advisor for Vinyl Group Ltd. Reported Earnings • Apr 02
First half 2026 earnings released: UK£0.019 loss per share (vs UK£0.019 loss in 1H 2025) First half 2026 results: UK£0.019 loss per share (in line with 1H 2025). Revenue: UK£39.8m (up 2.3% from 1H 2025). Net loss: UK£7.46m (loss widened 8.5% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 44% per year. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% 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 Negative equity (-UK£28m). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (UK£46.3m market cap, or US$62.4m). Announcement • Jan 06
Time Out Group plc has completed a Follow-on Equity Offering. Time Out Group plc has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Price\Range: £0.08 New Risk • Dec 21
New major risk - Revenue and earnings growth Earnings have declined by 14% 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 Negative equity (-UK£57m). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (UK£31.6m market cap, or US$42.3m). Reported Earnings • Dec 19
Full year 2025 earnings released: UK£0.18 loss per share (vs UK£0.014 loss in FY 2024) Full year 2025 results: UK£0.18 loss per share (further deteriorated from UK£0.014 loss in FY 2024). Revenue: UK£73.2m (down 29% from FY 2024). Net loss: UK£63.8m (loss widened UK£59.2m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Dec 18
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 British stocks, typically moving 7.9% 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (UK£31.3m market cap, or US$41.9m). Announcement • Dec 18
Time Out Group plc has filed a Follow-on Equity Offering. Time Out Group plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Price\Range: £0.08 Announcement • Dec 06
Time Out Group plc, Annual General Meeting, Dec 31, 2025 Time Out Group plc, Annual General Meeting, Dec 31, 2025. Location: 172 drury lane, wc2b 5qr, london United Kingdom New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (UK£49.1m market cap, or US$66.4m). Announcement • Aug 26
Time Out Group plc Provides Earnings Guidance for the Fiscal Year 2025 Time Out Group plc provided earnings guidance for the fiscal year 2025. For the year, the company expects Group revenue of £75 million. New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£73.3m (US$98.4m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 24
First half 2025 earnings released: UK£0.019 loss per share (vs UK£0.016 loss in 1H 2024) First half 2025 results: UK£0.019 loss per share (further deteriorated from UK£0.016 loss in 1H 2024). Revenue: UK£50.9m (down 3.1% from 1H 2024). Net loss: UK£6.87m (loss widened 33% from 1H 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Feb 23
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£9.7m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Announcement • Nov 19
Time Out Group plc, Annual General Meeting, Dec 11, 2024 Time Out Group plc, Annual General Meeting, Dec 11, 2024. Location: 1st floor, 172 drury lane, wc2b 5qr, london United Kingdom New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.7% 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. This is currently the only risk that has been identified for the company. Announcement • Nov 01
Time Out Group plc has filed a Follow-on Equity Offering in the amount of £8 million. Time Out Group plc has filed a Follow-on Equity Offering in the amount of £8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: £0.5
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Nov 01
Full year 2024 earnings released: UK£0.014 loss per share (vs UK£0.078 loss in FY 2023) Full year 2024 results: UK£0.014 loss per share (improved from UK£0.078 loss in FY 2023). Revenue: UK£103.1m (down 1.5% from FY 2023). Net loss: UK£4.59m (loss narrowed 82% from FY 2023). Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Time Out Group plc has completed a Follow-on Equity Offering in the amount of £8.398403 million. Time Out Group plc has completed a Follow-on Equity Offering in the amount of £8.398403 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,796,806
Price\Range: £0.5
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Recent Insider Transactions • Jan 17
Non-Executive Director recently bought UK£91k worth of stock On the 9th of January, David Till bought around 170k shares on-market at roughly UK£0.54 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Nov 17
Time Out Group plc, Annual General Meeting, Dec 12, 2023 Time Out Group plc, Annual General Meeting, Dec 12, 2023, at 17:00 Coordinated Universal Time. Location: Time Out Group plc, 172 Drury Lane, London, WC2B 5QR London United Kingdom Reported Earnings • Nov 09
Full year 2023 earnings released: UK£0.078 loss per share (vs UK£0.059 loss in FY 2022) Full year 2023 results: UK£0.078 loss per share (further deteriorated from UK£0.059 loss in FY 2022). Revenue: UK£104.6m (up 44% from FY 2022). Net loss: UK£26.1m (loss widened 34% from FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Oct 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Earnings have declined by 11% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Reported Earnings • Mar 31
First half 2023 earnings released: UK£0.039 loss per share (vs UK£0.031 loss in 1H 2022) First half 2023 results: UK£0.039 loss per share (further deteriorated from UK£0.031 loss in 1H 2022). Revenue: UK£53.8m (up 68% from 1H 2022). Net loss: UK£13.0m (loss widened 24% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 08
Time Out Group plc, Annual General Meeting, Dec 30, 2022 Time Out Group plc, Annual General Meeting, Dec 30, 2022, at 10:00 Coordinated Universal Time. Location: 172 Drury Lane, London, WC2B 5QR London United Kingdom Reported Earnings • Dec 07
Full year 2022 earnings released: UK£0.059 loss per share (vs UK£0.19 loss in FY 2021) Full year 2022 results: UK£0.059 loss per share (improved from UK£0.19 loss in FY 2021). Revenue: UK£72.9m (up 144% from FY 2021). Net loss: UK£19.6m (loss narrowed 56% from FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Time Out Group plc announced that it expects to receive €35 million in funding from Crestline Direct Finance, LP Time Out Group plc announced a private placement of secured loan note facility of €35,000,000 on November 24, 2022. The transaction will include participation from new investor Crestline Direct Finance, LP. The facility has a term of four years, with the right to redeem the loan notes after two years. The interest on the facility will be capitalized or paid in cash, at the election of the company, during the first year at a rate of 9.5% plus 3-month EURIBOR and from the second year onwards interest will be paid in cash at a rate of 8.5% plus 3-month EURIBOR. There will separately be an exit premium payable upon full repayment of the loan note facility, calculated by reference to the principal amount drawn. The loan facility limit can be extended later by mutual agreement to €47,500,000. In connection with the transaction the company has also executed an equity warrant instrument and agreed to issue 11,400,423 equity warrants on or around 30 November 2022 and a further 2,264,468 at full drawdown of the facility. The expected drawdown under the facility scheduled to take place on November 30, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Stuart Alan Rose was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 25
Time Out Group plc announced that it expects to receive £8 million in funding from Oakley Capital Investments Limited Time Out Group plc announced a private placement of short-term unsecured loan facility of up to £8 million bearing interest at a rate of ten per cent. per annum on August 24, 2022. The transaction included participation from returning investor Oakley Capital Investments Limited. Funds drawn under the Facility together with accrued interest will be repayable by 30 November 2022. The terms of the Facility include an interest rate of 10 per cent. per annum on drawn funds and commitment fees of 2 per cent. per annum on undrawn funds. The Facility arrangement fee is 0.5 per cent. of the amount of the Facility. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Stuart Alan Rose was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 27
CIP Merchant Capital Limited (AIM:CIP), a fund of Merchant Capital Manager Limited acquired an additional 1.1% stake in Time Out Group plc (AIM:TMO) for £2.1 million. CIP Merchant Capital Limited (AIM:CIP), a fund of Merchant Capital Manager Limited acquired an additional 1.1% stake in Time Out Group plc (AIM:TMO) for £2.1 million on January 26, 2022. Under the terms of the transaction, CIP Merchant Capital Limited (AIM:CIP), a fund of Merchant Capital Manager Limited acquired 3.6 million shares. Post-closing, CIP Merchant Capital Limited (AIM:CIP), a fund of Merchant Capital Manager Limited will hold 5.67 million shares in Time Out Group plc.
CIP Merchant Capital Limited (AIM:CIP), a fund of Merchant Capital Manager Limited completed the acquisition of an additional 1.1% stake in Time Out Group plc (AIM:TMO) on January 26, 2022. Executive Departure • Feb 11
Independent Non-Executive Director has left the company On the 9th of February, Matthew Riley's tenure as Independent Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Matthew's name. A total of 3 executives have left over the last 12 months. Announcement • Nov 12
Time Out Group plc Announces Resignation of Matthew Riley as Independent Non-Executive Director of the Company, with Effect from 09 February 2021 Time Out Group plc announced that Matthew Riley has resigned as Independent Non-Executive Director of the Company, with effect from 09 February 2021. The Company expects to make a new Independent Director appointment in due course. Announcement • Oct 04
Time Out Group plc Announces Not to Provide Outlook for the Rest of the Current Financial Year 2020 Time Out Group plc announced that with the full impact of COVID-19 being dependent on the duration and severity of the virus and the response by governments and consumers alike. As such, it is not possible to provide a precise outlook for the rest of the current financial year. Is New 90 Day High Low • Oct 02
New 90-day low: UK£0.33 The company is down 16% from its price of UK£0.40 on 03 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 1.0% over the same period. Announcement • Oct 02
Time Out Group plc Appoints David Till as A Non-Executive Director Time Out Group plc announced the appointment of David Till as a Non-Executive Director of its Board, with immediate effect. David is a qualified chartered accountant, senior partner of Oakley Capital Limited and has a wealth of experience in, operations, M&A, finance and due diligence. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of UK£22.7m, with losses widening by 56% from the prior year. Total revenue was UK£70.6m over the last 12 months, up 32% from the prior year. Announcement • Sep 24
Time Out Group plc to Report First Half, 2020 Results on Sep 30, 2020 Time Out Group plc announced that they will report first half, 2020 results on Sep 30, 2020 Announcement • Sep 05
Time Out Group plc Auditor Raises 'Going Concern' Doubt Time Out Group plc filed its Annual on Sep 01, 2020 for the period ending Dec 31, 2019. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.