Tillkännagivande • Jul 14
Accent Group Limited Announces Resignation of Michael Hapgood from Director Role, Effective August 21, 2026 Accent Group Limited announced that Mr. Michael Hapgood had made the decision to resign as a director effective August 21, 2026 for personal reasons following 11 years on the Board. Mr. Hapgood is one of the founding directors of Accent Group, which was acquired by the Company in 2015, and has been a member of the Company’s Board since that time. Mr. Hapgood’s resignation does not affect the unanimous recommendation of the Company’s independent board committee (IBC) that Accent shareholders reject the unsolicited on-market takeover bid made by Frasers Group plc (Offer). The IBC’s recommendation remains unchanged. Tillkännagivande • Jun 15
Frasers Group Plc (LSE:FRAS) proposed to acquire remaining 77.10% stake in Accent Group Limited (ASX:AX1) for approximately AUD 300 million. Frasers Group Plc (LSE:FRAS) proposed to acquire remaining 77.10% stake in Accent Group Limited (ASX:AX1) for approximately AUD 300 million on June 15, 2026. A cash consideration of AUD 301.28 million valued at AUD 0.65 per share will be paid by Frasers Group Plc. As part of consideration, AUD 14.49 million is paid towards performance rights and AUD 301.28 million is paid towards common equity of Accent Group Limited. Upon completion, Frasers Group Plc will own 100% stake in Accent Group Limited. The transaction will be financed through existing cash resources, including a combined term loan and revolving credit facility. As part of the transaction, Frasers Group Plc will replace some or all of the members of the Accent Board with its own nominees.
The tendering period will commence on June 15, 2026 and will close on July 30, 2026.
Reynolds Porter Chamberlain acted as legal advisor for Frasers Group Plc. Lander & Rogers acted as legal advisor for Frasers Group Plc. Barrenjoey Advisory Pty Limited acted as financial advisor and broker for Frasers Group Plc. Computershare Investor Services Pty Limited acted as registrar for Frasers Group Plc. Recent Insider Transactions • May 28
Finance Director recently bought AU$171k worth of stock On the 19th of May, Matthew Durbin bought around 300k shares on-market at roughly AU$0.57 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Finance Director, Joint Company Secretary & Executive Director Matt Durbin was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Finance Director, Joint Company Secretary & Executive Director Matt Durbin was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 05
Accent Group Limited and Accent Housing Limited Announces Board and Committee Changes Accent announced that a new member has been appointed to the Boards of Accent Group Limited and Accent Housing Limited, following a competitive recruitment process. Gerraint Oakley has been appointed from 1 February 2026. Gerraint is an experienced executive and non-executive leader, who brings a wealth of knowledge and expertise in strategic asset management, sustainability, growth and development. Across a career spanning a variety of multi-national private and not-for-profit sector roles, Gerraint has implemented significant structural and transformational change, and his experience working in the social housing sector brings insight into the regulatory and consumer environment currently faced by housing providers. In addition to his position on the Accent Boards, Gerraint will also sit on Accent's Capital Investment Committee. Two independent members have also been appointed to Accent's Customer Experience Committee, as part of a planned succession process. Naomi Sweeting brings executive-level experience across both social and private housing sectors, with particular expertise in customer strategy, data-driven decision-making and regulatory insight, and Phil Morgan brings extensive knowledge of tenant voice, regulation, and governance, with over a decade of experience in the social housing sector. On 1 January 2026, David Williams retired from the Accent Board after 6 years of service. In addition to his Board role, David served on Accent's Capital Investment Committee and, latterly, the Customer Experience Committee, bringing insight from his experience as an executive and non-executive in the housing and interim services sectors. At the same time, Selina Ullah and Bob Tarry retired as independent members of Accent's Customer Experience Committee, each after 6 years of service. Tillkännagivande • Feb 02
Accent Group Limited to Report First Half, 2026 Results on Feb 25, 2026 Accent Group Limited announced that they will report first half, 2026 results on Feb 25, 2026 Tillkännagivande • Nov 05
Accent Announces Board Appointments Accent Group announces that following a recruitment process, Debbie Hinbest has been appointed as Executive Director of People, Culture and Transformation and Steve Morris has been appointed as Executive Director of Development and Sales. Debbie joined Accent in the summer of 2023 and has led a fundamental refresh of organisational culture, colleague offer and approach to learning and development. Debbie has a strong track record of delivering impactful change, enhancing engagement, and building high-performing, inclusive cultures. She is passionate about the housing sector and is driven by a desire to make a real difference - both in the workplace and in the lives of customers. Steve joined Accent in 2019 and has been a key member of the development and sales team transforming their new homes programme delivering up to 600 homes a year and achieving Lead Strategic Partner Status with Homes England. Steve is known for his passion for delivering high-quality homes to customers. He strongly believes that everyone deserves a well-built home regardless of their economic status. Throughout his career, he has channelled this passion to bring about positive change and elevate the standards of affordable housing. Tillkännagivande • Oct 21
Accent Group Limited, Annual General Meeting, Nov 21, 2025 Accent Group Limited, Annual General Meeting, Nov 21, 2025. Location: accent group limited, 2/64 balmain street, cremorne, vic 3121, Australia Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$1.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Specialty Retail industry in Australia. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.11 in FY 2024) Full year 2025 results: EPS: AU$0.10 (down from AU$0.11 in FY 2024). Revenue: AU$1.48b (up 1.6% from FY 2024). Net income: AU$57.7m (down 3.1% from FY 2024). Profit margin: 3.9% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Board Change • Aug 18
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Executive Director Michelle Gregg was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 12
Accent Group Limited to Report Fiscal Year 2025 Results on Aug 22, 2025 Accent Group Limited announced that they will report fiscal year 2025 results on Aug 22, 2025 Tillkännagivande • May 13
Accent Group Limited has completed a Follow-on Equity Offering in the amount of AUD 60.450742 million. Accent Group Limited has completed a Follow-on Equity Offering in the amount of AUD 60.450742 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,186,695
Price\Range: AUD 1.718
Transaction Features: Subsequent Direct Listing Tillkännagivande • Apr 17
Accent Group Limited has filed a Follow-on Equity Offering in the amount of AUD 60.450742 million. Accent Group Limited has filed a Follow-on Equity Offering in the amount of AUD 60.450742 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,186,695
Price\Range: AUD 1.718
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 12
Accent Group Limited and Accent Housing Limited Announce Board and Committee Changes Accent announced the appointment of two new Board members to the Boards of Accent Group Limited and Accent Housing Limited, following a competitive recruitment process. Michelle Gregg and Simon Brooksbank have been appointed as Non-Executive Board members from 1 March 2025. Michelle brings extensive experience as a senior leader/executive in social housing and is a member of the Chartered Institute of Housing. She has held a variety of board positions, recently as a Board Vice Chair and the Chair of Customer Experience Committee with a social housing provider. Her sector experience includes working in service delivery and transformational roles at a senior and executive level. Simon is an experienced non-executive director, who has held and currently holds board positions in the social housing sector, including a Senior Independent Director and Vice-Chair position. He is also a member of the Northern Housing Consortium's Commercial Advisory Group. From a professional commercial background, Simon has held executive roles with a focus on customer understanding and engagement, market insight and commercial strategy, and he has been involved in merger and acquisitions activity in the private sector. He currently sits on a social housing Customer Experience Committee and Asset and Development Committee, and is a board champion for Brand, Engagement and Communication. Serena Heathcote will join Accent's Audit and Risk Committee as an Independent Committee member, from 1 March 2025. Serena brings senior leadership experience in both the public and private sectors, most recently as a director of customer experience for a social housing provider. Serena's leadership experience extends to financial services and energy sectors, in large regulated, corporate environments. Serena's key skills include customer experience, contact centre strategy and business transformation, and she will bring a valuable perspective to the work of the Committee. One Non-Executive Board member will retire on 1 April 2025. Steve Pearson will retire from the Accent Boards after six and a half years of service. Steve's unique range of skills and experience, customer focus and partnership approach, built over 30 years of working in senior and executive roles in social housing and regeneration, have made him an excellent Chair of Accent's Capital Investment Committee and the companywish him well for the future. Steve's successor to the role of Capital Investment Committee Chair is Ade Adebayo, who joined the Accent Board on 1 October 2024. Board Change • Feb 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Dave Forsey was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 30
Accent Group Limited Provides Group Earnings Guidance for the First Half of Fiscal Year 2025 Accent Group Limited provided group earnings guidance for the first half of fiscal year 2025. The company announced that it expects group EBIT for first half of fiscal year 2025 to be around $80 million. The EBIT range includes a positive net impact of $3.3million relating to non-recurring items. Total group owned sales (including wholesale sales) for first half were up 4.6%. Like for Like retail sales were up 2.9%. Like for Like retail sales for weeks 21 to 26 following the AGM update, were up 1.8%. Tillkännagivande • Jan 29
Accent Group Limited to Report First Half, 2025 Results on Feb 21, 2025 Accent Group Limited announced that they will report first half, 2025 results on Feb 21, 2025 Board Change • Dec 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Dave Forsey was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 21
Accent Group Limited Appoints Dave Forsey as Independent Non-Executive Director, Effective 21 November, 2024 The Board of Directors of Accent Group Limited announced the appointment of Dave Forsey to the Board as an Independent Non-Executive Director. Mr. Forsey's appointment is effective from the end of the AGM held on 21 November 2024. Dave Forsey joined Frasers Group in 1984, dedicating 32 years to the business as he helped grow it from one store to a diverse global sporting goods retailer. Dave was named Managing Director of Sports Direct International until 2007, when he was appointed as Chief Executive Officer. In 2017, Dave transitioned into a consulting role, lending his expertise to numerous Retail and Brand businesses. In 2020, he became Managing Director at Revolution Beauty. Dave now serves as General Manager APMEA for Frasers Group, with a focus on the Group's international expansion through organic growth, M&A, joint ventures, and franchise opportunities. Tillkännagivande • Oct 18
Accent Group Limited, Annual General Meeting, Nov 21, 2024 Accent Group Limited, Annual General Meeting, Nov 21, 2024. Location: as a hybrid meeting, Australia Tillkännagivande • Oct 01
Accent Group Limited and Accent Housing Limited Announces Directorate Changes Accent announced that a new member has been appointed to Accent Group Limited and Accent Housing Limited's Boards after a competitive recruitment process. Ade Adebayo has been appointed from 1 October 2024. As a member of RICS, Ade brings a wealth of knowledge and expertise in asset management, regeneration and development services from senior roles in local government and housing. Ade is an active and experienced Non-Executive Board and Committee member within the Housing and not-for-profit sectors. In addition to his position on the Accent Boards, Ade will also sit on Accent's Capital Investment Committee. On 1 October 2024, Richard Wilkinson will retire from the Accent Boards after 6 years' service. Richard has been a fantastic support to Accent, offering robust challenge and insight from a customer perspective, aiming to ensure the company delivers the best outcomes for all customers. Having been a member of the Customer Experience Committee, Richard will now take up an Independent Committee member position on Accent's Capital Investment Committee and will continue to support Accent as an involved customer. Recent Insider Transactions • Sep 22
Group CEO recently sold AU$3.3m worth of stock On the 18th of September, Daniel Agostinelli sold around 1m shares on-market at roughly AU$2.25 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$165m. This was Daniel's only on-market trade for the last 12 months. New Risk • Sep 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 Dividend is not well covered by earnings (123% payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Significant insider selling over the past 3 months (AU$165m sold). Tillkännagivande • Aug 30
Accent Group Limited announced that it has received funding from Frasers Group Plc Accent Group Limited announced a private placement that it has issued common shares of the company to raise funds on August 28, 2024. The transaction included participation from new investor, Frasers Group Plc. Recent Insider Transactions • Aug 29
Non-Executive Director recently sold AU$165m worth of stock On the 27th of August, Brett Blundy sold around 82m shares on-market at roughly AU$2.00 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$164m more than they bought in the last 12 months. Declared Dividend • Aug 26
Final dividend of AU$0.045 announced Shareholders will receive a dividend of AU$0.045. Ex-date: 11th September 2024 Payment date: 26th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. EPS is expected to grow by 54% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 23
Full year 2024 earnings released: EPS: AU$0.11 (vs AU$0.16 in FY 2023) Full year 2024 results: EPS: AU$0.11 (down from AU$0.16 in FY 2023). Revenue: AU$1.46b (up 2.5% from FY 2023). Net income: AU$59.5m (down 33% from FY 2023). Profit margin: 4.1% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 15
Accent Group Limited Appoints James Anderson as Its New Permanent Chief Information Officer on June 18, 2024 Accent Group Limited announce it has appointed James Anderson as its new permanent Chief Information Officer. James will lead on Accent's technology, data and transformation functions. James will join Accent on 18th June. Upcoming Dividend • Feb 28
Upcoming dividend of AU$0.085 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 21 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.7%. Within top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 25
First half 2024 earnings released First half 2024 results: Revenue: AU$732.9m (down 3.3% from 1H 2023). Net income: AU$42.2m (down 28% from 1H 2023). Profit margin: 5.8% (down from 7.7% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Feb 25
First half dividend of AU$0.085 announced Shareholders will receive a dividend of AU$0.085. Ex-date: 6th March 2024 Payment date: 21st March 2024 Dividend yield will be 6.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 5.0% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Feb 01
Accent Group Limited to Report First Half, 2024 Results on Feb 23, 2024 Accent Group Limited announced that they will report first half, 2024 results on Feb 23, 2024 Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lawrence Myers was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to AU$1.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Specialty Retail industry in Australia. Total returns to shareholders of 4.7% over the past three years. Tillkännagivande • Nov 17
Accent Group Limited Announces Board Changes The Board of Directors of Accent Group Limited (Company) announced the appointments of Anne Loveridge AM and Lawrence Myers to the Board as Independent Non-Executive Directors. Ms. Loveridge and Mr. Myers' appointments will be effective at the conclusion of the Company's 2023 Annual General Meeting (AGM) being held on 17 November 2023. Ms. Loveridge is currently an Independent Non-Executive Director of National Australia Bank Limited (Chair of the People and Remuneration Committee), and Non-Executive Director and Chair of the Audit Committee for each of nib Holdings Limited, Platinum Asset Management and Destination NSW. She is formally trained as a Chartered Accountant with over 30 years with PwC in the United Kingdom and Australia where she held senior audit partner and deputy chair roles. Ms Loveridge will also be appointed to the role of Chair of the Audit and Risk Committee, replacing Stephen Goddard who will retire from the Board at the conclusion of the 2023 AGM. Mr. Myers is currently an Independent Non-Executive Director of Breville Group Limited (Deputy Chair and Chair of Audit and Risk Committee), Regal Asian Investments Limited (Chair), VGI Partners Global Investments Limited (Chair of the Audit and Risk Committee) and the Foundation Board of Trustees of the Art Gallery of New South Wales. Along with his board, investment advisory and accounting background, Mr. Myers also has deep consumer retail and advisory board experience, working with businesses including Bec + Bridge, Cue Clothing Group, Industrie Clothing and P.E Nation. Tillkännagivande • Oct 20
Accent Group Limited Announces Retirement of Stephen Goddard as Non-Executive Director, Effective 17 November 2023 The Board of Directors of Accent Group Limited announced that Mr. Stephen Goddard will be retiring as a Non-Executive Director at the conclusion of this year’s Annual General Meeting (AGM), to be held on 17 November 2023. Mr. Goddard joined the Board in November 2017. He was the Chair of the Audit and Risk Committee from February 2018 and a member of the People and Remuneration Committee from February 2020. Mr. Goddard had signalled his decision to retire from the Board early this year in order to balance his board and other commitments. As such, the planned appointment of a new independent Non-Executive Director and Chair of the Audit and Risk Committee is well progressed, with an announcement expected to be made in advance of the AGM, allowing for a seamless transition. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.055 per share at 8.6% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (5.7%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.16 (vs AU$0.058 in FY 2022) Full year 2023 results: EPS: AU$0.16 (up from AU$0.058 in FY 2022). Revenue: AU$1.42b (up 26% from FY 2022). Net income: AU$88.7m (up 182% from FY 2022). Profit margin: 6.2% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 25
Accent Group Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended July 2, 2023, Payable on September 28, 2023 Accent Group Limited announced ordinary fully franked dividend of AUD 0.05500000 per security for the six months ended July 2, 2023, payable on September 28, 2023. Record date is September 14, 2023. Ex-date is September 13, 2023. Tillkännagivande • Aug 15
Accent Group Limited Announces Board Changes Accent announce that following an internal governance review and expressions of interest Archana Makol has been appointed as Senior Independent Director on Accent's Board. Archana, a lawyer and a Client services director at DWF, has served on Accent's Board for the last 7 years, having held the role of Chair of Audit and Risk Committee since October 2018. Ilona Blue succeeds Archana in accepting the role of Audit and Risk Committee Chair. Ilona, a Chartered Public Finance Accountant, joined the Accent Board in early 2022 and brings to the Committee a wealth of experience in public sector finance and compliance. Both appointments are effective from 1 August 2023. Tillkännagivande • Aug 01
Accent Group Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 Accent Group Limited announced that they will report fiscal year 2023 results After-Market on Aug 24, 2023 Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$2.05, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Specialty Retail industry in Australia. Total returns to shareholders of 77% over the past three years. Recent Insider Transactions • Mar 14
Group CEO recently sold AU$580k worth of stock On the 9th of March, Daniel Agostinelli sold around 247k shares on-market at roughly AU$2.34 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Daniel has been a net seller over the last 12 months, reducing personal holdings by AU$365k. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.11 (vs AU$0.027 in 1H 2022) First half 2023 results: EPS: AU$0.11 (up from AU$0.027 in 1H 2022). Revenue: AU$758.1m (up 41% from 1H 2022). Net income: AU$58.3m (up 295% from 1H 2022). Profit margin: 7.7% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$2.21, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Specialty Retail industry in Australia. Total returns to shareholders of 50% over the past three years. Tillkännagivande • Jan 17
Accent Group Limited to Report First Half, 2023 Results on Feb 23, 2023 Accent Group Limited announced that they will report first half, 2023 results on Feb 23, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 20
Full year 2022 earnings released: EPS: AU$0.058 (vs AU$0.14 in FY 2021) Full year 2022 results: EPS: AU$0.058 (down from AU$0.14 in FY 2021). Revenue: AU$1.13b (up 14% from FY 2021). Net income: AU$31.5m (down 59% from FY 2021). Profit margin: 2.8% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.4%, compared to a 4.9% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 22
Non-Executive Director recently bought AU$5.1m worth of stock On the 13th of May, Brett Blundy bought around 4m shares on-market at roughly AU$1.28 per share. In the last 3 months, they made an even bigger purchase worth AU$5.6m. Insiders have collectively bought AU$12m more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.033 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 September 2021. Trailing yield: 5.2%. Within top quartile of Australian dividend payers (5.2%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 22
Full year 2021 earnings released: EPS AU$0.14 (vs AU$0.10 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$992.8m (up 20% from FY 2020). Net income: AU$76.9m (up 39% from FY 2020). Profit margin: 7.7% (up from 6.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to AU$2.16, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Specialty Retail industry in Australia. Total returns to shareholders of 70% over the past three years. Tillkännagivande • May 31
Accent Group Limited (ASX:AX1) completed the acquisition of Glue Store Retail Business and the Wholesale and Distribution Brands Business of Next Athleisure Pty Ltd. Accent Group Limited (ASX:AX1) entered into an agreement to acquire Glue Store Retail Business and the Wholesale and Distribution Brands Business of Next Athleisure Pty Ltd for AUD 13 million on April 23, 2021. The consideration will be paid in cash. As part of the acquisition, Accent will acquire all of NAL’s exclusive owned vertical brands, including Nude Lucy, Beyond Her, Lulu & Rose and Article One. NAL also has distribution rights for a strong portfolio of global brands, including Superga, Ellesse, le coq sportif, Kappa, K-Way, Sebago and Napapijri. Post completion, Next Athleisure business will become a new division within Accent named ‘Accent Lifestyle’ and Darren Todd, the current Chief Executive Officer of NAL, will join Accent as Group General Manager – Accent Lifestyle. As part of the transaction, offers of employment will be made to all NAL current team members. Brett Blundy will re-join the Accent Board and has been appointed as a non-executive director of Accent Group, effective from today. Accent intends to pay the cash consideration for the acquisition from its existing finance facilities. The acquisition is expected to complete by the end of May and is subject to conditions precedent customary for a transaction of this nature. The acquisition is expected to have no material impact on Accent’s FY21 financial performance.
Accent Group Limited (ASX:AX1) completed the acquisition of Glue Store Retail Business and the Wholesale and Distribution Brands Business of Next Athleisure Pty Ltd on May 31, 2021. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 21% share price gain to AU$2.87, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Specialty Retail industry in Australia. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.48 per share. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.098 (vs AU$0.062 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$478.1m (up 5.3% from 1H 2020). Net income: AU$52.8m (up 57% from 1H 2020). Profit margin: 11% (up from 7.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jan 27
Accent Group Limited to Report First Half, 2021 Results on Feb 23, 2021 Accent Group Limited announced that they will report first half, 2021 results on Feb 23, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: AU$2.37 The company is up 37% from its price of AU$1.74 on 09 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail 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 AU$6.16 per share. Is New 90 Day High Low • Dec 17
New 90-day high: AU$2.28 The company is up 36% from its price of AU$1.68 on 18 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.14 per share. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 18% share price gain to AU$2.00, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 18x in the Specialty Retail industry in Australia. Total returns to shareholders over the past three years are 159%. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 16% share price gain to AU$1.98, the stock is trading at a trailing P/E ratio of 18.4x, up from the previous P/E ratio of 15.8x. This compares to an average P/E of 18x in the Specialty Retail industry in Australia. Total returns to shareholders over the past three years are 162%. Is New 90 Day High Low • Nov 23
New 90-day high: AU$1.98 The company is up 19% from its price of AU$1.67 on 25 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.07 per share. Is New 90 Day High Low • Oct 22
New 90-day high: AU$1.87 The company is up 41% from its price of AU$1.32 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$3.66 per share. Is New 90 Day High Low • Oct 02
New 90-day high: AU$1.69 The company is up 23% from its price of AU$1.37 on 03 July 2020. The Australian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$3.61 per share. Tillkännagivande • Jul 21
Accent Group Limited to Report Fiscal Year 2020 Results on Aug 26, 2020 Accent Group Limited announced that they will report fiscal year 2020 results at 5:00 PM, AUS Central Standard Time on Aug 26, 2020