Board Change • Apr 20
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. 1 experienced director. 2 highly experienced directors. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 19
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. 1 experienced director. 2 highly experienced directors. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 14
MCS Services Limited, Annual General Meeting, Nov 28, 2025 MCS Services Limited, Annual General Meeting, Nov 28, 2025. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$1.58m market cap, or US$1.04m). Board Change • May 02
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. 2 experienced directors. 1 highly experienced director. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
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. 2 experienced directors. 1 highly experienced director. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 12
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. 2 experienced directors. 1 highly experienced director. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 27
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. 2 experienced directors. 1 highly experienced director. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 01
MCS Services Limited, Annual General Meeting, Nov 29, 2024 MCS Services Limited, Annual General Meeting, Nov 29, 2024. Location: stantons international, 40 kings park rd, west perth wa 6005 Australia Duyuru • May 15
Vibrant Services Group Pty Ltd completed the acquisition of MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG). Vibrant Services Group Pty Ltd has entered into a Heads of Agreement to acquire MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG) for AUD 3 million on February 2, 2024. The cash consideration of AUD 3 million is payable upon the execution of a final share sale agreement. The funds from the sale of will be used to repay debt estimated to be AUD 1.5 million, with the balance allocated to working capital. The transaction is subject to the completion of various due diligence enquiries, the signing of formal transaction documents, obtaining all necessary approvals, shareholders approval and is expected to close on April 3, 2024. The transaction was approved by shareholders of MCS Services Limited. Vibrant Services Group Pty Ltd completed the acquisition of MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG) on May 13, 2024. New Risk • Mar 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$1.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$986k free cash flow). Shares are highly illiquid. Negative equity (-AU$1.1m). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (AU$1.58m market cap, or US$1.03m). Duyuru • Nov 01
MCS Services Ltd Announces Resignation of Matthew Ward as Non-Executive Director MCS Services Ltd. announced that Mr. Matthew Ward has tendered his resignation as a non-executive director of the Company, effective 31 October 2023. Matt has been a non-executive director of the Company since 2016 and has resigned to concentrate on other business and family commitments. Board Change • Oct 20
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 27
MCS Services Limited, Annual General Meeting, Nov 30, 2023 MCS Services Limited, Annual General Meeting, Nov 30, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released Full year 2023 results: Revenue: AU$38.6m (down 12% from FY 2022). Net loss: AU$1.93m (down 281% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (AU$4.36m market cap, or US$2.82m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Board Change • Aug 22
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 14
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 16
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 17
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.007 loss per share (vs AU$0.004 profit in 1H 2022) First half 2023 results: AU$0.007 loss per share (down from AU$0.004 profit in 1H 2022). Revenue: AU$17.9m (down 20% from 1H 2022). Net loss: AU$1.33m (down 296% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 31
MCS Services Limited, Annual General Meeting, Nov 30, 2022 MCS Services Limited, Annual General Meeting, Nov 30, 2022, at 11:00 W. Australia Standard Time. Location: offices of Stantons International, 40 Kings Park Rd West Perth Western Australia WA Australia Agenda: To receive and consider the Annual Financial Report of the Company and its controlled entities, the Directors' Report and the Auditors' Report for the year ended 30 June 2022; to consider board changes; and to consider other matters. Duyuru • Oct 21
MCS Services Limited (ASX:MSG) completed the acquisition of Highways Traffic Pty Ltd from James Capelli and Carol Capelli. MCS Services Limited (ASX:MSG) signed a Binding Terms Sheet to acquire Highways Traffic Pty Ltd from James Capelli and Carol Capelli for AUD 3.1 million on January 23, 2022. The purchase consideration includes, AUD 1.8 million cash on settlement, which MCS intends to fund from MCS’s existing cash reserves; AUD 0.26 million worth of ordinary shares in MCS Services, issued on settlement, calculated at the 15 day weighted average, escrowed for 12 months; up to a total of AUD 0.54 million payable post-settlement, in quarterly instalments, subject to Highways Traffic’s revenue performance tracking at AUD 7 million per annum; up to an additional AUD 0.35 million payable post-settlement conditional on Highways Traffic’s revenue exceeding AUD 8.4 million in the 12 months post-settlement. A deposit of AUD 0.15 million is payable on exchange of the definitive sale contract documentation. The General Manager of Highways Traffic and its key staff will continue in their current roles. The acquisition is subject to achieving certain conditions precedent, the key conditions which include the finalization of due diligence procedures, signing of definitive sale contract documentation, transfers of Highways Traffic’s customer contracts, agreement by Main Roads for the continuation or assignment of the necessary traffic planning and traffic management licenses to MCS, the general manager continuing employment and a lease renewal and assignment or extension for the key premises on terms acceptable to MCS. There is no requirement for shareholder approval for the proposed transaction and there is no change to the Board arising as a result of the proposed transaction. The acquisition is expected to be earnings per share accretive and it may well open doors for further expansion. As of September 5, 2022, completion of transaction is subject to a number of operational, licencing and financing pre-conditions. The Company and the Vendor are working to complete within the next 14-21 days.
MCS Services Limited (ASX:MSG) completed the acquisition of Highways Traffic Pty Ltd from James Capelli and Carol Capelli on October 20, 2022. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: AU$0.006 (vs AU$0.008 in FY 2021) Full year 2022 results: EPS: AU$0.006 (down from AU$0.008 in FY 2021). Revenue: AU$43.8m (up 15% from FY 2021). Net income: AU$1.07m (down 31% from FY 2021). Profit margin: 2.4% (down from 4.1% 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 72% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Board Change • Aug 31
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
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. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 11
MCS Services Limited Appoints Michael Georgiou as Chief Operating Officer MCS Services Limited announced the appointment of Mr. Michael Georgiou to the new role of Chief Operating Officer. Mr. Georgiou was successful on appointment against a strong cohort of applicants for this senior position within the Company. Mr. Georgiou's extensive operational service delivery and commercial experience presented a strong position to the Board and senior management during the recruitment process. Mr. Georgiou's career spans more than 20 years in the military, resources and safety industries, bringing practical operational and executive experience to the professional services market within the Australasian /Pacific market. Post military service, Mr. Georgiou identified an opportunity to bring to market an industry leading emergency response company and its subsidiary companies within the oil & gas sector, successfully developing the nation's premier private emergency response capability for Australia's largest terrestrial-based liquified natural gas projects. Mr. Georgiou will provide a strong focus on leading performance improvement initiatives via empowerment through education, challenging accepted standards with continual improvement through experience and exposures. He is passionate about corporate and social responsibility, and championing workplace initiatives including improvements in safety, a commitment to diversity and removing the stigma associated around mental health. Reported Earnings • Mar 07
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.004 (vs AU$0.004 in 1H 2021). Revenue: AU$22.3m (up 25% from 1H 2021). Net income: AU$676.0k (down 12% from 1H 2021). Profit margin: 3.0% (down from 4.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 25
MCS Services Limited (ASX:MSG) signed a Binding Terms Sheet to acquire Highways Traffic Pty Ltd from James Capelli and Carol Capelli for AUD 3.1 million. MCS Services Limited (ASX:MSG) signed a Binding Terms Sheet to acquire Highways Traffic Pty Ltd from James Capelli and Carol Capelli for AUD 3.1 million on January 23, 2022. The purchase consideration includes, AUD 1.8 million cash on settlement, which MCS intends to fund from MCS’s existing cash reserves; AUD 0.26 million worth of ordinary shares in MCS Services, issued on settlement, calculated at the 15 day weighted average, escrowed for 12 months; up to a total of AUD 0.54 million payable post-settlement, in quarterly instalments, subject to Highways Traffic’s revenue performance tracking at AUD 7 million per annum; up to an additional AUD 0.35 million payable post-settlement conditional on Highways Traffic’s revenue exceeding AUD 8.4 million in the 12 months post-settlement. A deposit of AUD 0.15 million is payable on exchange of the definitive sale contract documentation. The General Manager of Highways Traffic and its key staff will continue in their current roles. The acquisition is subject to achieving certain conditions precedent, the key conditions which include the finalization of due diligence procedures, signing of definitive sale contract documentation, transfers of Highways Traffic’s customer contracts, agreement by Main Roads for the continuation or assignment of the necessary traffic planning and traffic management licenses to MCS, the general manager continuing employment and a lease renewal and assignment or extension for the key premises on terms acceptable to MCS. There is no requirement for shareholder approval for the proposed transaction and there is no change to the Board arising as a result of the proposed transaction. The acquisition is expected to be earnings per share accretive and it may well open doors for further expansion. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS AU$0.008 (vs AU$0.002 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$38.1m (up 52% from FY 2020). Net income: AU$1.56m (up 392% from FY 2020). Profit margin: 4.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$38.1m (up 52% from FY 2020). Net income: AU$1.56m (up 392% from FY 2020). Profit margin: 4.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Feb 17
Insider recently bought AU$365k worth of stock On the 11th of February, Richard Batrachenko bought around 12m shares on-market at roughly AU$0.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$592k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 02
Insider recently bought AU$222k worth of stock On the 28th of January, Richard Batrachenko bought around 9m shares on-market at roughly AU$0.024 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$227k more in shares than they have sold in the last 12 months.