Announcement • Jun 09
Lottotech Ltd, Annual General Meeting, Jun 29, 2026 Lottotech Ltd, Annual General Meeting, Jun 29, 2026, at 11:00 Arabian Standard Time. Location: at hilton mauritius resort & spa, wolmar, flic en flac, Mauritius Board Change • May 20
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. 7 non-independent directors. Independent Non-Executive Director Jacques Paul Rene de Du Mee was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 03
Lottotech Ltd, Annual General Meeting, Jun 20, 2025 Lottotech Ltd, Annual General Meeting, Jun 20, 2025, at 11:00 Arabian Standard Time. Location: hilton mauritius resort & spa, wolmar, flic en flac, mauritius, Mauritius Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: MU₨0.086 (vs MU₨0.09 in 3Q 2023) Third quarter 2024 results: EPS: MU₨0.086 (down from MU₨0.09 in 3Q 2023). Revenue: MU₨371.3m (up 7.3% from 3Q 2023). Net income: MU₨29.2m (down 4.9% from 3Q 2023). Profit margin: 7.9% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Aug 21
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 Mauritian stocks, typically moving 6.8% 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 Risk Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (MU₨2.03b market cap, or US$44.1m). Upcoming Dividend • Aug 05
Upcoming dividend of MU₨0.14 per share Eligible shareholders must have bought the stock before 12 August 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 64% and the cash payout ratio is 89%. Trailing yield: 7.8%. Within top quartile of Mauritian dividend payers (6.0%). Higher than average of industry peers (5.1%). Buy Or Sell Opportunity • Jul 29
Now 21% overvalued Over the last 90 days, the stock has fallen 9.2% to MU₨5.90. The fair value is estimated to be MU₨4.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: MU₨0.094 (vs MU₨0.10 in 2Q 2023) Second quarter 2024 results: EPS: MU₨0.094 (down from MU₨0.10 in 2Q 2023). Revenue: MU₨372.2m (up 5.6% from 2Q 2023). Net income: MU₨31.9m (down 8.6% from 2Q 2023). Profit margin: 8.6% (down from 9.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 05
Lottotech Ltd, Annual General Meeting, Jun 21, 2024 Lottotech Ltd, Annual General Meeting, Jun 21, 2024, at 09:00 Arabian Standard Time. Location: at hilton mauritius resort & spa, wolmar, flic en flac, Mauritius Reported Earnings • May 11
First quarter 2024 earnings released: EPS: MU₨0.056 (vs MU₨0.15 in 1Q 2023) First quarter 2024 results: EPS: MU₨0.056 (down from MU₨0.15 in 1Q 2023). Revenue: MU₨307.4m (down 27% from 1Q 2023). Net income: MU₨19.0m (down 62% from 1Q 2023). Profit margin: 6.2% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 22
Upcoming dividend of MU₨0.23 per share Eligible shareholders must have bought the stock before 29 March 2024. Payment date: 06 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.0%. Within top quartile of Mauritian dividend payers (6.1%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: MU₨0.46 (vs MU₨0.45 in FY 2022) Full year 2023 results: EPS: MU₨0.46 (up from MU₨0.45 in FY 2022). Revenue: MU₨1.52b (up 94% from FY 2022). Net income: MU₨156.7m (up 1.7% from FY 2022). Profit margin: 10% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: MU₨0.09 (vs MU₨0.15 in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.09 (down from MU₨0.15 in 3Q 2022). Revenue: MU₨346.0m (down 20% from 3Q 2022). Net income: MU₨30.7m (down 42% from 3Q 2022). Profit margin: 8.9% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Aug 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 Mauritian stocks, typically moving 3.9% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 99% Minor Risks Share price has been volatile over the past 3 months (3.9% average weekly change). Market cap is less than US$100m (MU₨2.55b market cap, or US$56.1m). New Risk • Aug 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 99% Dividend yield: 6.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 99% Minor Risk Market cap is less than US$100m (MU₨2.64b market cap, or US$57.8m). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: MU₨0.10 (vs MU₨0.094 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.10 (up from MU₨0.094 in 2Q 2022). Revenue: MU₨352.6m (up 8.7% from 2Q 2022). Net income: MU₨34.8m (up 9.5% from 2Q 2022). Profit margin: 9.9% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to MU₨7.30, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 6x in the Hospitality industry in Mauritius. Total returns to shareholders of 5.0% over the past three years. Announcement • Jun 02
Lottotech Ltd, Annual General Meeting, Jun 23, 2023 Lottotech Ltd, Annual General Meeting, Jun 23, 2023, at 14:00 Mauritius Standard Time. Location: Tamil League, Martindale Reduit Mauritius Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: MU₨0.45 (vs MU₨0.23 in FY 2021) Full year 2022 results: EPS: MU₨0.45 (up from MU₨0.23 in FY 2021). Revenue: MU₨1.48b (up 164% from FY 2021). Net income: MU₨154.1m (up 97% from FY 2021). Profit margin: 10% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 8 non-independent directors. Independent Non-Executive Director Jean-Claude Lam Hung was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: MU₨0.15 (vs MU₨0.054 in 3Q 2021) Third quarter 2022 results: EPS: MU₨0.15 (up from MU₨0.054 in 3Q 2021). Revenue: MU₨434.4m (up 70% from 3Q 2021). Net income: MU₨52.6m (up 189% from 3Q 2021). Profit margin: 12% (up from 7.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Aug 03
Upcoming dividend of MU₨0.15 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Mauritian dividend payers (4.0%). Higher than average of industry peers (2.5%). Announcement • Jul 29
Lottotech Ltd Declares an Interim Dividend in Respect of the Financial Year Ending 31 December 202, Payable on or About 30 August 2022 The Board of Directors of Lottotech Ltd. has declared an interim dividend of MUR 0.15 per share to all shareholders registered at the close of business on 12 August 2022 in respect of the financial year ending 31 December 2022. The dividend will be paid on or about 30 August 2022. The shares of the company will be traded cum-dividend up to and including the market day of 09 August 2022 and ex-dividend as from the 10 August 2022. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: MU₨0.094 (vs MU₨0.055 in 2Q 2021) Second quarter 2022 results: EPS: MU₨0.094 (up from MU₨0.055 in 2Q 2021). Revenue: MU₨324.3m (up 31% from 2Q 2021). Net income: MU₨31.8m (up 71% from 2Q 2021). Profit margin: 9.8% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% 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. Announcement • Jun 04
Lottotech Ltd, Annual General Meeting, Jun 24, 2022 Lottotech Ltd, Annual General Meeting, Jun 24, 2022, at 11:45 Mauritius Standard Time. Location: HiltonMauritius Resort & Spa, Wolmar Flic En Flac Mauritius Reported Earnings • May 14
First quarter 2022 earnings released: EPS: MU₨0.08 (vs MU₨0.027 in 1Q 2021) First quarter 2022 results: EPS: MU₨0.08 (up from MU₨0.027 in 1Q 2021). Revenue: MU₨305.8m (up 27% from 1Q 2021). Net income: MU₨27.0m (up 196% from 1Q 2021). Profit margin: 8.8% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 8 non-independent directors. Independent Non-Executive Director Jean-Claude Lam Hung was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 05
Upcoming dividend of MU₨0.22 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Mauritian dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Mar 31
Lottotech Ltd Declares Final Dividend, Payable on or About 06 May 2022 The Board of Directors of Lottotech Ltd. has declared a final dividend of MUR 0.22 per share to all shareholders registered at the close of business on 14 April 2022 in respect of the financial year ended 31 December 2021. The dividend will be paid on or about 06 May 2022. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: MU₨0.23 (vs MU₨0.18 in FY 2020) Full year 2021 results: EPS: MU₨0.23 (up from MU₨0.18 in FY 2020). Revenue: MU₨1.06b (up 107% from FY 2020). Net income: MU₨78.4m (up 28% from FY 2020). Profit margin: 7.4% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS MU₨0.054 (vs MU₨0.082 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: MU₨255.4m (up 186% from 3Q 2020). Net income: MU₨18.2m (down 35% from 3Q 2020). Profit margin: 7.1% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS MU₨0.05 (vs MU₨0.046 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨248.2m (up 213% from 2Q 2020). Net income: MU₨18.6m (up MU₨34.1m from 2Q 2020). Profit margin: 7.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨241.8m (up 46% from 1Q 2020). Net income: MU₨9.10m (up 256% from 1Q 2020). Profit margin: 3.8% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Apr 05
Upcoming dividend of MU₨0.17 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 30 June 2021. Trailing yield: 2.0%. Lower than top quartile of Mauritian dividend payers (4.6%). Lower than average of industry peers (3.2%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS MU₨0.18 (vs MU₨0.46 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: MU₨962.3m (up 34% from FY 2019). Net income: MU₨61.1m (down 61% from FY 2019). Profit margin: 6.3% (down from 22% 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 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 15
New 90-day low: MU₨8.22 The company is down 4.0% from a price of MU₨8.60 on 15 December 2020. Underperformed the Mauritian market, which is flat over the last 90 days. Exceeded the Hospitality industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: MU₨8.94 The company is up 19% from its price of MU₨7.50 on 24 September 2020. The Mauritian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: MU₨7.90 The company is up 6.0% from its price of MU₨7.42 on 04 September 2020. The Mauritian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: MU₨7.30 The company is down 6.0% from its price of MU₨7.80 on 07 July 2020. The Mauritian market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 7.0% over the same period.