New Risk • Jun 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (د.أ1.0m revenue, or US$1.4m). Market cap is less than US$100m (د.أ29.5m market cap, or US$41.6m). New Risk • Apr 28
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 Jordanian stocks, typically moving 5.9% 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 Less than 1 year of cash runway based on free cash flow trend (-د.أ1.9m free cash flow). Share price has been highly volatile over the past 3 months (5.9% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risks Revenue is less than US$5m (د.أ1.0m revenue, or US$1.4m). Market cap is less than US$100m (د.أ30.9m market cap, or US$43.6m). New Risk • Apr 21
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: -د.أ1.9m 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 (-د.أ1.9m free cash flow). Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Revenue is less than US$5m (د.أ1.0m revenue, or US$1.4m). Market cap is less than US$100m (د.أ27.6m market cap, or US$39.0m). Announcement • Apr 01
Real Estate Development Company PLC, Annual General Meeting, Apr 27, 2026 Real Estate Development Company PLC, Annual General Meeting, Apr 27, 2026. Location: amman Jordan New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 8.9% 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 Earnings have declined by 8.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (د.أ22.0m market cap, or US$31.1m). Announcement • Mar 07
Real Estate Development Company PLC, Annual General Meeting, Apr 13, 2025 Real Estate Development Company PLC, Annual General Meeting, Apr 13, 2025. Location: amman Jordan Announcement • Apr 10
Real Estate Development Company PLC, Hexaom S.A., Annual General Meeting, Jun 05, 2024 Real Estate Development Company PLC, Hexaom S.A., Annual General Meeting, Jun 05, 2024. Agenda: To consider no dividend resolution for 2023 earnings. New Risk • Mar 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 18% over the past year. Minor Risks Revenue is less than US$5m (د.أ1.1m revenue, or US$1.6m). Market cap is less than US$100m (د.أ31.8m market cap, or US$44.8m). New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 18% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 18% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.1% average weekly change). Revenue is less than US$5m (د.أ1.1m revenue, or US$1.6m). Market cap is less than US$100m (د.أ35.7m market cap, or US$50.4m). New Risk • Oct 15
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: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.7% average weekly change). Revenue is less than US$5m (د.أ1.1m revenue, or US$1.6m). Market cap is less than US$100m (د.أ33.7m market cap, or US$47.5m). Reported Earnings • Feb 12
Full year 2022 earnings released Full year 2022 results: Net loss: د.أ280.9k (down 132% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Jan 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Feb 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be د.أ0.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 104% per annum over the last 3 years. The company has become profitable over the last year. Is New 90 Day High Low • Jan 12
New 90-day high: د.أ0.47 The company is up 47% from its price of د.أ0.32 on 14 October 2020. The Jordanian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: د.أ0.35 The company is up 6.0% from its price of د.أ0.33 on 29 September 2020. The Jordanian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 9.0% over the same period. 