New Risk • Jan 10
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 British stocks, typically moving 18% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-UK£6.2m). Earnings have declined by 7.9% per year over the past 5 years. Market cap is less than US$10m (UK£583.3k market cap, or US$712.4k). Reported Earnings • Dec 24
First half 2025 earnings released: UK£0.027 loss per share (vs UK£0.018 loss in 1H 2024) First half 2025 results: UK£0.027 loss per share (further deteriorated from UK£0.018 loss in 1H 2024). Revenue: UK£9.45m (down 15% from 1H 2024). Net loss: UK£2.54m (loss widened 50% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. New Risk • Sep 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£136k This is considered a major 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£136k free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-UK£3.7m). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (UK£2.10m market cap, or US$2.75m). Reported Earnings • Sep 01
Full year 2024 earnings released: UK£0.025 loss per share (vs UK£0.14 loss in FY 2023) Full year 2024 results: UK£0.025 loss per share (improved from UK£0.14 loss in FY 2023). Revenue: UK£21.5m (down 2.8% from FY 2023). Net loss: UK£2.35m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year whereas the company’s share price has fallen by 40% per year. Announcement • Aug 30
Jaywing plc, Annual General Meeting, Sep 26, 2024 Jaywing plc, Annual General Meeting, Sep 26, 2024. Location: the offices of jaywing plc, albert works, sidney street, s1 4rg, sheffield United Kingdom New Risk • Aug 01
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 British stocks, typically moving 35% 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 Share price has been highly volatile over the past 3 months (35% average weekly change). Negative equity (-UK£2.9m). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (UK£1.73m market cap, or US$2.20m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • Jul 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Negative equity (-UK£2.9m). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (UK£1.35m market cap, or US$1.73m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Announcement • Apr 04
Jaywing plc Announces Board Appointments Jaywing plc announced the appointment of Henry Turcan and David Beck to the Company's board of directors as Non-Executive Directors, with immediate effect. Henry is a fund manager at Lombard Odier Asset Management (Europe) Limited. He has been advising and investing in UK smaller companies for over 20 years and has extensive experience of assisting public companies in creating value for all stakeholders. Henry is being appointed as a representative of Lombard Odier Asset Management (Europe) Limited, acting in its capacity as discretionary investment manager or sub-adviser for and on behalf of certain funds and accounts managed by it which in aggregate hold 18.86% of the Company's issued share capital and 50% of the Company's outstanding Loan Facility. David was Chief Executive of Merit Group Plc, the data and intelligence business, until 31 January 2024, where he led a successful restructuring and turnaround of the business. Previously David spent over thirty years working in the marketing communications industry advising large corporates on strategic reviews and transactions. David is being appointed as a representative of DSC Investment Holdings Limited, a Company owned and controlled by Lord Ashcroft, which holds 50% of the Company's outstanding Loan Facility. Under the terms of the Loan Facility each of DSC and Lombard Odier Asset Management (Europe) Limited is entitled to appoint up to two representatives to the board of the Company. Lord Ashcroft also holds 29.91% of the Company's issued share capital. New Risk • Mar 25
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 7.4% 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 Negative equity (-UK£2.9m). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (UK£2.89m market cap, or US$3.66m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Dec 22
First half 2024 earnings released: UK£0.018 loss per share (vs UK£0.002 loss in 1H 2023) First half 2024 results: UK£0.018 loss per share (further deteriorated from UK£0.002 loss in 1H 2023). Revenue: UK£11.1m (flat on 1H 2023). Net loss: UK£1.69m (loss widened UK£1.48m from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 08
Full year 2023 earnings released: UK£0.14 loss per share (vs UK£0.069 loss in FY 2022) Full year 2023 results: UK£0.14 loss per share (further deteriorated from UK£0.069 loss in FY 2022). Revenue: UK£22.1m (down 27% from FY 2022). Net loss: UK£12.8m (loss widened 99% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 16
Jaywing plc Provides Earnings Guidance for the Year Ending 31 March 2023 Jaywing plc provided earnings guidance for the year ending 31 March 2023. For the year, the company expects net revenues to be between £22.0 million and £22.5 million. Reported Earnings • Dec 02
First half 2023 earnings released: UK£0.002 loss per share (vs UK£0.003 loss in 1H 2022) First half 2023 results: UK£0.002 loss per share (improved from UK£0.003 loss in 1H 2022). Revenue: UK£14.7m (down 2.4% from 1H 2022). Net loss: UK£208.0k (loss narrowed 31% from 1H 2022). 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 6.7%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. 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. 3 non-independent directors. Independent Non-Executive Director Philip Hanson was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Jaywing plc, Annual General Meeting, Sep 29, 2022 Jaywing plc, Annual General Meeting, Sep 29, 2022, at 11:00 Coordinated Universal Time. Reported Earnings • Sep 07
Full year 2022 earnings released: UK£0.069 loss per share (vs UK£0.003 loss in FY 2021) Full year 2022 results: UK£0.069 loss per share (further deteriorated from UK£0.003 loss in FY 2021). Revenue: UK£30.2m (up 16% from FY 2021). Net loss: UK£6.45m (loss widened UK£6.14m from FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Aug 27
Jaywing plc (AIM:JWNG) agreed to acquire Midisi Limited for £2.94523 million. Jaywing plc (AIM:JWNG) agreed to acquire Midisi Limited for £2.94523 million on August 26, 2022. Announcement • Aug 24
Jaywing plc Announces Management Changes Jaywing Plc announced the appointment of Christopher Hughes, currently Jaywing's Finance Director, as its Chief Financial Officer. Ajay Handa, who has been acting as Interim CFO since March, will complete his assignment at the end of August 2022, and Chris will become CFO on September 1st. Chris is expected to join the Board in due course. Chris is ACA qualified, having trained with PWC in the UK. He has also worked with PWC in South Africa, and he previously held senior finance roles with Lowell Financial Ltd, prior to joining Jaywing in July 2021. Announcement • Aug 11
Jaywing plc Provides Unaudited Earnings Guidance for the Year Ended March 31, 2022 Jaywing plc provided unaudited earnings guidance for the year ended March 31, 2022. Net revenue for the year ended 31 March 2022 is expected to deliver growth of 16% at £23.3 million (2021: £20.2 million). 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. 3 non-independent directors. Independent Non-Executive Director Philip Hanson was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 09
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.003 loss per share (up from UK£0.005 loss in 1H 2021). Revenue: UK£15.1m (up 33% from 1H 2021). Net loss: UK£303.0k (loss narrowed 40% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 30
Full year 2021 earnings released: UK£0.003 loss per share (vs UK£0.098 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: UK£26.0m (down 13% from FY 2020). Net loss: UK£312.0k (loss narrowed 97% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 28
Full year 2020 earnings released: UK£0.098 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: UK£29.7m (down 16% from FY 2019). Net loss: UK£9.14m (loss widened UK£8.07m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.