Announcement • Nov 26
Semaris Ltd, Annual General Meeting, Dec 17, 2025 Semaris Ltd, Annual General Meeting, Dec 17, 2025, at 09:00 Arabian Standard Time. Location: hennessy park hotel, 65 cybercity,ebene, Mauritius Reported Earnings • Sep 26
Full year 2024 earnings released: MU₨0.22 loss per share (vs MU₨0.21 loss in FY 2023) Full year 2024 results: MU₨0.22 loss per share (further deteriorated from MU₨0.21 loss in FY 2023). Revenue: MU₨608.1m (up 129% from FY 2023). Net loss: MU₨121.2m (loss widened 2.7% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to MU₨0.55. The fair value is estimated to be MU₨0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to MU₨0.56. The fair value is estimated to be MU₨0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 01
Semaris Ltd, Annual General Meeting, Dec 22, 2023 Semaris Ltd, Annual General Meeting, Dec 22, 2023, at 09:00 Mauritius Standard Time. Location: Hennessy Park Hotel Ebène Mauritius Agenda: To consider the Annual Report for the year ended 30 June 2023; to receive the report of the auditors of the Company; to consider and approve the audited financial statements of the Company for the year ended 30 June 2023; to elect directors; and to take note of the automatic reappointment of BDO & Co. as auditors for the year ending 30 June 2023 under Section 200 of The Companies Act 2001 and to authorize the Board to fix their remuneration; and to consider other matters. Reported Earnings • Sep 27
Full year 2023 earnings released: MU₨0.21 loss per share (vs MU₨0.066 profit in FY 2022) Full year 2023 results: MU₨0.21 loss per share (down from MU₨0.066 profit in FY 2022). Net loss: MU₨118.0m (down 424% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 16
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be MU₨1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock is up 1.0%. The fair value is estimated to be MU₨1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 15
Second quarter 2023 earnings released: MU₨0.04 loss per share (vs MU₨0.12 loss in 2Q 2022) Second quarter 2023 results: MU₨0.04 loss per share (improved from MU₨0.12 loss in 2Q 2022). Net loss: MU₨23.5m (loss narrowed 63% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Semaris Ltd, Annual General Meeting, Dec 21, 2022 Semaris Ltd, Annual General Meeting, Dec 21, 2022, at 09:00 Mauritius Standard Time. Location: Hennessy Park Hotel, 65 Cybercity, Ebène Ebene Mauritius Agenda: To consider the Annual Report for the year ended 30 June 2022; to consider and approve the audited financial statements of the Company for the year ended 30 June 2022; to receive the report of the auditors of the Company; to consider and approve the audited financial statements of the Company for the year ended 30 June 2022; to elect Dr. Sidharth Sharma who retires by rotation in accordance with Section 25.9.3 of the Company's Constitution and, being re-eligible, offers himself for re-election; to re-elect Mrs. Monisha Bheenick-Kalachand, who has been appointed by the Board on 10 November 2022, as Director of the Company in accordance with Section 25.4.1 of the Company's Constitution; to re-elect Mr. Laurent Piat, who has been appointed by the Board on 10 November 2022, as Director of the Company in accordance with Section 25.4.1 of the Company's Constitution; and to consider other matters if any. 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. 6 non-independent directors. Independent Non-Executive Director Sidharth Sharma 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. Announcement • Nov 13
Semaris Ltd Announces Executive Changes Semaris Ltd. at the board meeting held on 10 November 2022, took note of Mr. Stéphane Poupinel`s decision to resign as Managing Director of Semaris Ltd. with effect from 30 June 2023; and Appointed Mr. Laurent Piat as CEO of Semaris Ltd. with effect from 01 July 2023. Mr. Laurent Piat has held the position of CEO of Domaine Palm Marrakech S.A. (DPM) for the past 12 years. During his tenure DPM has achieved steady growth and Domaine Palm Marrakech now ranks amongst the most successful integrated developments in Morocco. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 15% share price gain to MU₨1.50, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 21x in the Real Estate industry in Mauritius. Total returns to shareholders of 36% over the past year. 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. 6 non-independent directors. Independent Non-Executive Director Sidharth Sharma 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. Announcement • Mar 04
Semaris Ltd, Annual General Meeting, Mar 24, 2022 Semaris Ltd, Annual General Meeting, Mar 24, 2022, at 05:00 Coordinated Universal Time. Location: Hennessy Park Hotel Cybercity Ebene Mauritius Agenda: To consider the Annual Report for the year ended 30 June 2021; to receive the report of the auditors of the Company; to consider and approve the audited financial statements of the Company for the year ended 30 June 2021; to consider the election of executives; and to take note of the automatic reappointment of BDO & Co. as auditors under Section 200 of The Companies Act 2001 and to authorise the Board to fix their remuneration. Reported Earnings • Feb 10
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: MU₨0.12 loss per share (down from MU₨0.25 profit in 2Q 2021). Net loss: MU₨63.3m (down 146% from profit in 2Q 2021). Revenue was in line with analyst estimates. Reported Earnings • May 12
Third quarter 2021 earnings released: MU₨0.12 loss per share (vs MU₨0.09 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: MU₨8.03m (down 85% from 3Q 2020). Net loss: MU₨63.4m (loss widened 31% from 3Q 2020). Announcement • Mar 04
Semaris Ltd, Annual General Meeting, Mar 25, 2021 Semaris Ltd, Annual General Meeting, Mar 25, 2021, at 05:00 Coordinated Universal Time. Location: Hennessy Park Hotel, 65 Cybercity Ebene Mauritius Agenda: To consider the Annual Report for the year ended 30 June 2020; to receive the report of the auditors of the Company; to consider and approve the audited financial statements of the Company for the year ended 30 June 2020; to elect Mr. Marie Joseph Jean-Pierre Montocchio who retires by rotation in accordance with Section 25.9.3 of the Company's Constitution and, being re-eligible, offers himself for re-election; to take note of the automatic reappointment of BDO & Co. as auditors under Section 200 of The Companies Act 2001 and to authorise the Board to fix their remuneration. Is New 90 Day High Low • Jan 27
New 90-day low: MU₨0.95 The company is down 4.0% from its price of MU₨0.99 on 29 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 15% share price gain to MU₨1.13, the stock is trading at a trailing P/E ratio of 57x, up from the previous P/E ratio of 49.4x. This compares to an average P/E of 20x in the Real Estate industry in Mauritius. Total return to shareholders over the past year is a loss of 47%. Valuation Update With 7 Day Price Move • Dec 05
Market bids up stock over the past week After last week's 17% share price gain to MU₨1.17, the stock is trading at a trailing P/E ratio of 59x, up from the previous P/E ratio of 50.4x. This compares to an average P/E of 20x in the Real Estate industry in Mauritius. Total return to shareholders over the past year is a loss of 45%. Is New 90 Day High Low • Dec 05
New 90-day high: MU₨1.17 The company is up 17% from its price of MU₨1.00 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 Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day low: MU₨0.98 The company is down 2.0% from its price of MU₨1.00 on 07 August 2020. The Mauritian market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. 