Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Tim Martin was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 20
Independent Non-Executive Chairman recently bought AU$105k worth of stock On the 14th of May, Raymond Kellerman bought around 100k shares on-market at roughly AU$1.05 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$292k worth in shares. Tillkännagivande • Apr 02
Count Limited has filed a Follow-on Equity Offering in the amount of AUD 35.9 million. Count Limited has filed a Follow-on Equity Offering in the amount of AUD 35.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,722,003
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0525
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,168,473
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0525
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000
Price\Range: AUD 1.05
Transaction Features: Subsequent Direct Listing Tillkännagivande • Apr 01
Count Limited has completed a Follow-on Equity Offering in the amount of AUD 35.9 million. Count Limited has completed a Follow-on Equity Offering in the amount of AUD 35.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,722,003
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0525
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,168,473
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0525
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000
Price\Range: AUD 1.05
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 26
Count Limited Declares Interim Dividend for the Half Year Ended December 31, 2025, Payable on March 20, 2026 Count Limited announced 2025 franked interim dividend of 2.00 cents per share for the half year ended December 31, 2025, Payable on March 20, 2026. Tillkännagivande • Jan 28
Count Limited to Report First Half, 2026 Results on Feb 24, 2026 Count Limited announced that they will report first half, 2026 results on Feb 24, 2026 Tillkännagivande • Aug 28
Count Limited, Annual General Meeting, Nov 10, 2025 Count Limited, Annual General Meeting, Nov 10, 2025. Tillkännagivande • Aug 07
Count Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Count Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 Tillkännagivande • Feb 26
Count Limited (ASX:CUP) completed the acquisition of remaining 15% stake in Accurium Holdings Pty Ltd for AUD 2.6 million. Count Limited (ASX:CUP) acquired remaining 15% stake in Accurium Holdings Pty Ltd for AUD 2.6 million on July 1, 2024. A cash consideration of AUD 2.65 million will be paid by Count Limited. As part of consideration, AUD 2.65 million is paid towards common equity of Accurium Holdings Pty Ltd.
Count Limited (ASX:CUP) completed the acquisition of remaining 15% stake in Accurium Holdings Pty Ltd on July 1, 2024 Tillkännagivande • Feb 06
Count Limited to Report First Half, 2025 Results on Feb 26, 2025 Count Limited announced that they will report first half, 2025 results on Feb 26, 2025 Tillkännagivande • Oct 08
Count Limited, Annual General Meeting, Nov 12, 2024 Count Limited, Annual General Meeting, Nov 12, 2024. Location: baker mckenzie, tower one international towers sydney, level 46, 100 barangaroo avenue, sydney nsw 2000, sydney Australia Declared Dividend • Sep 01
Final dividend of AU$0.022 announced Shareholders will receive a dividend of AU$0.022. Ex-date: 19th September 2024 Payment date: 9th October 2024 Dividend yield will be 5.8%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Aug 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 137% Dividend yield: 5.8% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 137% Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (AU$107.2m market cap, or US$72.9m). Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: AU$0.009 (vs AU$0.046 in FY 2023) Full year 2024 results: EPS: AU$0.009 (down from AU$0.046 in FY 2023). Revenue: AU$113.4m (up 24% from FY 2023). Net income: AU$1.10m (down 78% from FY 2023). Profit margin: 1.0% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Tillkännagivande • Aug 16
Count Limited to Report Fiscal Year 2024 Results on Aug 30, 2024 Count Limited announced that they will report fiscal year 2024 results on Aug 30, 2024 Recent Insider Transactions • Jun 26
Independent Non-Executive Chairman recently bought AU$52k worth of stock On the 24th of June, Raymond Kellerman bought around 100k shares on-market at roughly AU$0.52 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$356k worth in shares. New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (AU$89.8m market cap, or US$59.6m). Recent Insider Transactions • Mar 08
Independent Non-Executive Chairman recently bought AU$57k worth of stock On the 7th of March, Raymond Kellerman bought around 99k shares on-market at roughly AU$0.58 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$477k worth in shares. New Risk • Mar 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 49% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (AU$100.6m market cap, or US$65.7m). Tillkännagivande • Feb 29
Fortuna Perth Pty Ltd. agreed to acquire Bentleys (WA) Pty Ltd from Count Limited (ASX:CUP) for AUD 1.1 million. Fortuna Perth Pty Ltd. agreed to acquire Bentleys (WA) Pty Ltd from Count Limited (ASX:CUP) for AUD 1.1 million on February 28, 2024. The transaction is expected to reach financial close before the end of March 2024. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.006 (vs AU$0.001 loss in 1H 2023) First half 2024 results: EPS: AU$0.006 (up from AU$0.001 loss in 1H 2023). Revenue: AU$47.9m (up 5.6% from 1H 2023). Net income: AU$616.0k (up AU$742.0k from 1H 2023). Profit margin: 1.3% (up from net loss in 1H 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 17% per year. Tillkännagivande • Feb 13
Count Limited (ASX:CUP) agreed to acquire 51% stake in Solutions Centric for an enterprise value of AUD 4.1 million. Count Limited (ASX:CUP) agreed to acquire 51% stake in Solutions Centric for an enterprise value of AUD 4.1 million on February 12, 2024. Count will pay an upfront consideration of AUD 1.6 million and the remainder over 12 and 24 months respectively, subject to Solutions Centric achieving certain EBITA targets in each 12-month period. Further earn-outs may be payable if Solutions Centric achieves additional growth targets. The acquisition is expected to complete before March 31, 2024 Recent Insider Transactions • Sep 30
Independent Non-Executive Chairman recently bought AU$99k worth of stock On the 28th of September, Raymond Kellerman bought around 160k shares on-market at roughly AU$0.62 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$433k worth in shares. Upcoming Dividend • Sep 14
Upcoming dividend of AU$0.022 per share at 6.5% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 11 October 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.8%). Tillkännagivande • Aug 31
Count Limited Declares Final Dividend for the Financial Year Ended 30 June 2023, Payable on 11 October 2023 Count Limited declared a final dividend of 2.25 cents per share fully franked for the financial year ended30 June 2023 (30 June 2022: 2.00 cents per share). The record date for determining entitlement to the 2023 Final dividend is 22 September 2023 and payable on 11 October 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.046 (vs AU$0.046 in FY 2022) Full year 2023 results: EPS: AU$0.046 (in line with FY 2022). Revenue: AU$91.5m (up 7.3% from FY 2022). Net income: AU$5.10m (flat on FY 2022). Profit margin: 5.6% (down from 6.0% in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Professional Services industry in Australia. 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 14% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 08
Count Limited Appoints Tim Martin to the Board of the Company as A Non-Executive Director Count Limited confirmed the appointment of Tim Martin to the Board of the Company as a Non-Executive Director effective immediate. As part of the appointment, Mr. Martin will Chair the Acquisitions Committee and be a member of both the Technology and Innovation Committee and Remuneration and Nominations Committee. Mr. Martin's experience in healthcare and education will allow him to provide fresh ideas and complement the existing skills of the Board. He has led numerous aggregations of healthcare practices and understands due diligence nuances that are key to executing M&A transactions. Mr. Martin holds a Bachelor of Arts (Honours) from Oxford University and a Masterof Business Administration from Harvard Business School. Count is committed to fostering gender diversity and notes that 60% of the Non- Executive Directors of Count Limited are women. Tillkännagivande • May 30
CountPlus Limited (ASX:CUP) completed the acquisition of Affinia Financial Advisers Limited from TAL Dai-ichi Life Australia Pty Limited. CountPlus Limited (ASX:CUP) agreed to acquire Affinia Financial Advisers Limited from TAL Dai-ichi Life Australia Pty Limited for AUD 3.4 million on March 10, 2023. Consideration for the transaction is AUD 3.373 million payable on completion. The transaction includes CountPlus receiving cash of AUD 3.790 million as well as other non-cash net assets and acquired client relationships. Affinia generated net revenues of AUD 3.029 million in the financial year ending March 31, 2022. In addition to the accelerated scale the acquisition brings, the deep risk advice capability presents an advantage for CountPlus, which has ambitions to grow its risk advice capability and revenues. Andrew Rich, Nicole Pedler of Herbert Smith Freehills acted as legal advisors to TAL Dai-ichi Life Australia Pty Limited & Affinia Financial Advisers Limited.
CountPlus Limited (ASX:CUP) completed the acquisition of Affinia Financial Advisers Limited from TAL Dai-ichi Life Australia Pty Limited on May 29, 2023. Recent Insider Transactions • Mar 11
Independent Non-Executive Chairman recently bought AU$82k worth of stock On the 10th of March, Raymond Kellerman bought around 147k shares on-market at roughly AU$0.56 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$436k worth in shares. Upcoming Dividend • Mar 09
Upcoming dividend of AU$0.015 per share at 7.3% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 05 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (4.4%). Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.031 profit in 1H 2022) First half 2023 results: AU$0.001 loss per share (down from AU$0.031 profit in 1H 2022). Revenue: AU$45.4m (up 8.3% from 1H 2022). Net loss: AU$126.0k (down 104% from profit in 1H 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 11
Independent Non-Executive Chairman recently bought AU$68k worth of stock On the 9th of December, Raymond Kellerman bought around 100k shares on-market at roughly AU$0.68 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$525k worth in shares. Upcoming Dividend • Sep 15
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 12 October 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (6.7%). Higher than average of industry peers (3.9%). Recent Insider Transactions • Sep 01
Independent Non-Executive Chairman recently bought AU$108k worth of stock On the 31st of August, Raymond Kellerman bought around 150k shares on-market at roughly AU$0.72 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$462k worth in shares. Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: AU$0.046 (vs AU$0.044 in FY 2021) Full year 2022 results: EPS: AU$0.046 (up from AU$0.044 in FY 2021). Revenue: AU$85.3m (up 5.9% from FY 2021). Net income: AU$5.11m (up 3.5% from FY 2021). Profit margin: 6.0% (down from 6.1% in FY 2021). Over the next year, revenue is forecast to grow 8.4%, compared to a 111% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 23
Independent Non-Executive Chairman recently bought AU$69k worth of stock On the 21st of March, Raymond Kellerman bought around 99k shares on-market at roughly AU$0.70 per share. In the last 3 months, they made an even bigger purchase worth AU$76k. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$318k worth in shares. Upcoming Dividend • Mar 10
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 06 April 2022. Payout ratio and cash payout ratio are on the higher end at 78% and 94% respectively. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (5.8%). In line with average of industry peers (3.8%). Recent Insider Transactions • Mar 01
Independent Non-Executive Chairman recently bought AU$75k worth of stock On the 28th of February, Raymond Kellerman bought around 100k shares on-market at roughly AU$0.75 per share. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$679k worth in shares. Recent Insider Transactions • Nov 21
CEO, MD & Director recently bought AU$61k worth of stock On the 19th of November, Matthew Rowe bought around 64k shares on-market at roughly AU$0.96 per share. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of AU$944k worth in shares. Upcoming Dividend • Sep 16
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 13 October 2021. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (5.1%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 28
Full year 2021 earnings released: EPS AU$0.044 (vs AU$0.14 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$80.5m (down 2.5% from FY 2020). Net income: AU$4.94m (down 69% from FY 2020). Profit margin: 6.1% (down from 19% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 25
Independent Non-Executive Chairman recently bought AU$63k worth of stock On the 22nd of March, Raymond Kellerman bought around 50k shares on-market at roughly AU$1.25 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$752k. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Executive Departure • Mar 18
Joint Company Secretary has left the company On the 16th of March, Robert Shedden's tenure as Joint Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Robert's name. A total of 2 executives have left over the last 12 months. Upcoming Dividend • Mar 11
Upcoming Dividend of AU$0.013 Per Share Will be paid on the 14th of April to those who are registered shareholders by the 18th of March. The trailing yield of 2.0% is below the top quartile of Australian dividend payers (5.4%), and is lower than industry peers (3.4%). Recent Insider Transactions • Feb 26
Independent Non-Executive Chairman recently bought AU$162k worth of stock On the 24th of February, Raymond Kellerman bought around 135k shares on-market at roughly AU$1.20 per share. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$505k worth in shares. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.037 (vs AU$0.10 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: AU$42.3m (up 8.8% from 1H 2020). Net income: AU$4.08m (down 65% from 1H 2020). Profit margin: 9.7% (down from 30% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 16
New 90-day high: AU$1.13 The company is up 17% from its price of AU$0.96 on 08 September 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.92 per share. Is New 90 Day High Low • Dec 11
New 90-day high: AU$1.12 The company is up 16% from its price of AU$0.96 on 08 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: AU$1.10 The company is up 14% from its price of AU$0.96 on 08 September 2020. The Australian market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Professional Services industry, which is up 12% over the same period. Recent Insider Transactions • Dec 02
Independent Non-Executive Chairman recently bought AU$69k worth of stock On the 27th of November, Raymond Kellerman bought around 65k shares on-market at roughly AU$1.06 per share. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of AU$311k worth in shares. Is New 90 Day High Low • Nov 19
New 90-day high: AU$1.03 The company is up 7.0% from its price of AU$0.96 on 21 August 2020. The Australian market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Professional Services industry, which is up 4.0% over the same period. Tillkännagivande • Nov 10
CountPlus Limited Appoints Robert Alan Shedden as Joint Company Secretary CountPlus Limited announced that Mr. Robert Alan Shedden has been appointed as joint Company Secretary with immediate effect. Tillkännagivande • Nov 02
Countplus Limited Announces Resignation of William Michael Hundy as Joint Company Secretary CountPlus Limited announced that Mr. William Michael Hundy of Company Matters Pty Limited has resigned as joint Company Secretary effective 30 October 2020. Ms Narelle Wooden and Mr. Laurent Toussaint will continue as joint Company Secretaries of CountPlus. Is New 90 Day High Low • Oct 09
New 90-day high: AU$1.03 The company is up 16% from its price of AU$0.88 on 08 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is up 17% over the same period. Tillkännagivande • Oct 06
CountPlus Limited Confirms Appointment of Carolyn Colley to the Board and as Chair of the New Technology and Innovation Committee CountPlus Limited confirmed the appointment of Carolyn Colley to the Board of CountPlus Limited and as Chair of the new Technology and Innovation Committee. Carolyn was most recently a co-founder and Chief Operating Officer of Faethm Pty Ltd. She was the Chief Operating Officer of Asgard Wealth Solutions and St. George's Wealth Management business and was the Head of Strategy for Macquarie Advisor Services and the Head of Personal Banking at Macquarie Bank. Carolyn was also the CEO of formerly listed software business, Decimal Software Limited, and was an Advisory Board member of Kelly Partners prior to the listing of Kelly Partners Group Holding Limited. 
