New Risk • Feb 12
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 19% 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 (19% average weekly change). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (UK£1.11m market cap, or US$1.52m). Reported Earnings • Jul 29
First half 2025 earnings released: US$0.014 loss per share (vs US$0.09 loss in 1H 2024) First half 2025 results: US$0.014 loss per share (improved from US$0.09 loss in 1H 2024). Revenue: US$16.6m (up 37% from 1H 2024). Net loss: US$1.51m (loss narrowed 85% from 1H 2024). Announcement • Jun 23
Aferian plc Provides Earnings Guidance for the Six Months Ended 31 May 2025 Aferian Plc provided earnings guidance for the six months ended 31 May 2025. Revenue for the Period is expected to be approximately $16.6 million (first half fiscal year 2024: $12.2 million), representing growth of 36% over the six months ended 31 May 2024. Reported Earnings • Jun 09
Full year 2024 earnings released: US$0.13 loss per share (vs US$0.67 loss in FY 2023) Full year 2024 results: US$0.13 loss per share (improved from US$0.67 loss in FY 2023). Revenue: US$26.3m (down 45% from FY 2023). Net loss: US$14.0m (loss narrowed 78% from FY 2023). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 5 percentage points per year. Announcement • Apr 23
Aferian Plc, Annual General Meeting, May 22, 2025 Aferian Plc, Annual General Meeting, May 22, 2025. Location: the offices of bryan cave leighton paisner llp, governors house, laurence pountney hill, ec4r 0br, london United Kingdom Reported Earnings • Apr 11
Full year 2024 earnings released: US$0.13 loss per share (vs US$0.67 loss in FY 2023) Full year 2024 results: US$0.13 loss per share (improved from US$0.67 loss in FY 2023). Revenue: US$26.3m (down 45% from FY 2023). Net loss: US$14.0m (loss narrowed 78% from FY 2023). Announcement • Apr 10
Aferian plc Provides Earnings Guidance for the Fiscal Year 2025 Aferian Plc provided earnings guidance for the fiscal year 2025. Given the increased level of sales orders already received, The company expects a greater than 10% revenue growth in fiscal year 2025. New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.2m free cash flow). Earnings have declined by 80% per year over the past 5 years. Market cap is less than US$10m (UK£4.45m market cap, or US$5.60m). Minor Risks Latest financial reports are more than 6 months old (reported May 2024 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Dec 12
Aferian plc Provides Earnings Guidance for the Full Fiscal Year 2024 Aferian Plc provided earnings guidance for the Full fiscal year 2024. For they year, company expected revenue of CAD 26 million (24i CAD14.2 Million, Amino CAD11.8 Million). This includes second half revenue growth of c13% compared to H1 2024. Announcement • Dec 02
Aferian plc Announces Resignation of Bruce Powell as Non-Executive Director Aferian Plc announced that Bruce Powell has resigned as a Non-Executive Director of the Company with immediate effect, following over two years of service on the Board. Announcement • Nov 05
Aferian Plc Provides Earnings Guidance for the Second Half Year to 30 November 2024 Aferian Plc provided earnings guidance for the second half year to 30 November 2024. The company’s revenue in the second half of the year is expected to be approximately 20% higher than in the first half. Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Bruce Powell was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
First half 2024 earnings released: US$0.09 loss per share (vs US$0.10 loss in 1H 2023) First half 2024 results: US$0.09 loss per share. Revenue: US$12.2m (down 48% from 1H 2023). Net loss: US$10.0m (loss widened 15% from 1H 2023). New Risk • Aug 02
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: -US$2.2m 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 (-US$2.2m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 80% per year over the past 5 years. Market cap is less than US$10m (UK£5.00m market cap, or US$6.37m). Reported Earnings • Jun 05
Full year 2023 earnings released: US$0.67 loss per share (vs US$0.20 loss in FY 2022) Full year 2023 results: US$0.67 loss per share (further deteriorated from US$0.20 loss in FY 2022). Revenue: US$47.8m (down 48% from FY 2022). Net loss: US$63.5m (loss widened 265% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • May 31
Aferian Plc to Report Fiscal Year 2023 Results on May 31, 2024 Aferian Plc announced that they will report fiscal year 2023 results on May 31, 2024 Announcement • May 09
Aferian Plc, Annual General Meeting, May 30, 2024 Aferian Plc, Annual General Meeting, May 30, 2024, at 08:00 Coordinated Universal Time. Location: Bryan Cave Leighton Paisner LLP, Governors House, 5 Laurence Pountney Hill, London United Kingdom Announcement • Apr 23
Aferian plc Announces Step Down of Donald McGarva as CEO, Effective October 2024 Aferian plc announced that, following fourteen years of service, Donald McGarva will step down from his role as CEO and leave the Company in October 2024. New Risk • Apr 22
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 11% 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 Earnings have declined by 66% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (UK£8.90m market cap, or US$11.0m). New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 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 66% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2023 fiscal period end). Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (UK£11.4m market cap, or US$14.5m). New Risk • Dec 05
New major risk - Revenue and earnings growth Earnings have declined by 66% 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 Risk Earnings have declined by 66% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (UK£11.4m market cap, or US$14.3m). Announcement • Dec 05
Aferian Plc Provides Earnings Guidance for the Year Ended November 30, 2023 Aferian Plc provided earnings guidance for the year ended November 30, 2023. For the period, the company expects to report revenue of c$47 million - c$48 million. Reported Earnings • Sep 03
First half 2023 earnings released: US$0.10 loss per share (vs US$0.018 loss in 1H 2022) First half 2023 results: US$0.10 loss per share (further deteriorated from US$0.018 loss in 1H 2022). Revenue: US$23.3m (down 48% from 1H 2022). Net loss: US$8.69m (loss widened 491% from 1H 2022). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Communications industry in the United Kingdom are expected to grow by 9.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Aug 31
Aferian plc Announces the Appointment of Allen Broome to the Board as Non-Executive Director Aferian plc announce the appointment of Allen Broome to the Board as a Non-Executive Director, with immediate effect. Allen is a technical leader with a proven track record of delivering innovative, reliable, scalable products and services. He is currently Chief Executive Officer at MediaKind, a leading provider of global media technology, having led its research and development organisation for two years as Chief Technology Officer. Allen has been at the forefront of pivotal technology change in the media industry for ov. Announcement • Aug 30
Aferian Plc to Report First Half, 2023 Results on Aug 31, 2023 Aferian Plc announced that they will report first half, 2023 results on Aug 31, 2023 Price Target Changed • Aug 22
Price target decreased by 65% to UK£0.34 Down from UK£0.97, the current price target is provided by 1 analyst. New target price is 172% above last closing price of UK£0.13. Stock is down 91% over the past year. The company is forecast to post a net loss per share of US$0.096 next year compared to a net loss per share of US$0.20 last year. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings have declined by 50% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 50% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (UK£18.9m market cap, or US$24.3m). New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 31% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (UK£15.0m market cap, or US$19.4m). Reported Earnings • May 18
Full year 2022 earnings released: US$0.20 loss per share (vs US$0.075 profit in FY 2021) Full year 2022 results: US$0.20 loss per share (down from US$0.075 profit in FY 2021). Revenue: US$91.1m (down 1.9% from FY 2021). Net loss: US$17.4m (down 388% from profit in FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 3.4% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 20 percentage points per year, which is a significant difference in performance. Buying Opportunity • May 17
Now 32% undervalued after recent price drop Over the last 90 days, the stock is down 75%. The fair value is estimated to be UK£0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 16%. Announcement • May 16
Aferian Plc Omits to Pay Final Dividend The Board of Aferian Plc is not proposing a final dividend (2021: 2.09 pence /2.87 US cents). Announcement • May 06
Aferian Plc, Annual General Meeting, May 31, 2023 Aferian Plc, Annual General Meeting, May 31, 2023, at 08:00 Coordinated Universal Time. Location: FTI Consulting, 200 Aldersgate London United Kingdom Agenda: To consider election of Bruce Powell as a Director; to consider election of Matthew (Max) Royde as a Director; to consider power to allot ordinary shares; to consider disapplication of pre-emption rights; and to consider power to purchase shares in the market. 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. 5 non-independent directors. Independent Non-Executive Director Steve Vaughan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 25
Consensus EPS estimates fall by 96% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$92.3m to US$90.5m. Losses expected to increase from US$0.05 per share to US$0. Communications industry in the United Kingdom expected to see average net income growth of 6.6% next year. Consensus price target down from UK£1.81 to UK£1.63. Share price fell 37% to UK£0.81 over the past week. Price Target Changed • Oct 24
Price target decreased to UK£1.63 Down from UK£1.94, the current price target is an average from 3 analysts. New target price is 100% above last closing price of UK£0.81. Stock is down 50% over the past year. The company is forecast to post earnings per share of US$0.05 for next year compared to US$0.075 last year. Major Estimate Revision • Aug 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$94.7m to US$96.6m. EPS estimate fell from US$0.07 to US$0.05 per share. Net income forecast to grow 49% next year vs 21% growth forecast for Communications industry in the United Kingdom. Consensus price target down from UK£1.94 to UK£1.81. Share price was steady at UK£1.32 over the past week. Upcoming Dividend • Aug 26
Upcoming dividend of UK£0.01 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 26 September 2022. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 23
First half 2022 earnings released: EPS: US$0 (vs US$0.012 in 1H 2021) First half 2022 results: EPS: US$0 (down from US$0.012 in 1H 2021). Revenue: US$44.5m (down 1.7% from 1H 2021). Net loss: US$1.47m (down 266% from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.1%, compared to a 20% growth forecast for the Communications industry in the United Kingdom. Board Change • Aug 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Steve Oetegenn was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 27
Price target increased to UK£2.57 Up from UK£1.59, the current price target is an average from 2 analysts. New target price is 80% above last closing price of UK£1.43. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$0.075 for next year compared to US$0.075 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Steve Oetegenn was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.021 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 11
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$0.075 (up from US$0.041 in FY 2020). Revenue: US$92.9m (up 12% from FY 2020). Net income: US$6.04m (up 96% from FY 2020). Profit margin: 6.5% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is forecast to grow 1.2%, compared to a 4.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Board Change • Jan 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Steve Oetegenn was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 04
First half 2021 earnings released: EPS US$0.012 (vs US$0.009 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$45.3m (up 19% from 1H 2020). Net income: US$888.0k (up 27% from 1H 2020). Profit margin: 2.0% (up from 1.8% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 25
Upcoming dividend of UK£0.019 per share Eligible shareholders must have bought the stock before 01 April 2021. Payment date: 23 April 2021. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (4.4%). Lower than average of industry peers (1.7%). Announcement • Mar 20
Amino Technologies plc Approves Election of Steve Oetegenn as A Director Amino Technologies plc at its AGM held on 18 March 2021 approved election of Steve Oetegenn as a Director. Announcement • Mar 19
Amino Technologies plc Declares a Final Dividend for the Year Ended 30 November 2020 Amino Technologies plc at its AGM held on 18 March 2021 declared a final dividend of 1.87 pence per ordinary share for the year ended 30 November 2020. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 15% share price gain to US$1.48, the stock is trading at a trailing P/E ratio of 50.3x, up from the previous P/E ratio of 43.7x. This compares to an average P/E of 40x in the Communications industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Feb 17
New 90-day high: UK£1.48 The company is up 24% from its price of UK£1.19 on 19 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.92 per share. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS US$0.041 (vs US$0.04 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$82.7m (up 7.1% from FY 2019). Net income: US$3.09m (up 3.3% from FY 2019). Profit margin: 3.7% (down from 3.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 2.1%, compared to a 2.0% growth forecast for the Communications industry in the United Kingdom. Announcement • Feb 09
Amino Technologies plc, Annual General Meeting, Mar 18, 2021 Amino Technologies plc, Annual General Meeting, Mar 18, 2021. Announcement • Jan 20
Amino Technologies plc Appoints Steve Oetegenn as Non-Executive Director Amino Technologies plc announced that Steve Oetegenn has been appointed as a Non-Executive Director of the Group, effective from January 19,2020. Steve Oetegenn is an industry leader in the online video, pay TV and digital security sectors, with over 30 years' experience, who brings deep expertise of the interplay between software and media. Across his career, Steve has worked with global pay TV providers, government agencies, global banks, Fortune 500 companies and Hollywood studios. Is New 90 Day High Low • Jan 06
New 90-day high: UK£1.25 The company is up 2.0% from its price of UK£1.23 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.11 per share. Is New 90 Day High Low • Nov 27
New 90-day low: UK£1.15 The company is down 11% from its price of UK£1.29 on 28 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.06 per share.