New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 22x cash flows per share). Share price has been volatile over the past 3 months (8.2% average weekly change). Recent Insider Transactions • May 29
Alternate Director recently sold €453k worth of stock On the 27th of May, Gareth Sheppard sold around 500k shares on-market at roughly €0.91 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gareth's only on-market trade for the last 12 months. Board Change • May 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. 4 highly experienced directors. Alternate Director Gary Sheppard was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Apr 29
Master Drilling Group Limited, Annual General Meeting, Jun 11, 2026 Master Drilling Group Limited, Annual General Meeting, Jun 11, 2026. Location: company`s board room, 4 bosman street, fochville South Africa Duyuru • Jan 28
Master Drilling Group Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Master Drilling Group Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Duyuru • May 01
Master Drilling Group Limited, Annual General Meeting, Jun 12, 2025 Master Drilling Group Limited, Annual General Meeting, Jun 12, 2025. Location: the board room, 4 bosman street, fochville, South Africa Duyuru • Mar 29
Master Drilling Group Limited to Report First Half, 2025 Results on Aug 26, 2025 Master Drilling Group Limited announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • Jan 23
Master Drilling Group Limited to Report Fiscal Year 2024 Results on Mar 24, 2025 Master Drilling Group Limited announced that they will report fiscal year 2024 results on Mar 24, 2025 New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (285% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€85.2m market cap, or US$94.8m). Duyuru • Aug 17
Master Drilling Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2024 Master Drilling Group Limited provided earnings guidance for the six months ended June 30, 2024. For the period, the company expects earnings per share in ZAR terms are expected to be between 6,00 and 40,30 cents per share compared to the EPS of 171,30 cents per share for the 6 months ended 30 June 2023, which is between 96,5% and 76,5% lower than the EPS of the comparative period as reported in ZAR. These lower EPS for the current period were largely the result of non-cash adjustments deemed appropriate in the interim results. Shareholders are further advised that the Company's EPS for the current period in USD terms are expected to be between 0.30 and 2.20 cents per share compared to the EPS of 9.40 cents per share for the comparative period, which is between 96.9% and 76.9% lower than the EPS in the comparative period as reported in USD. These lower EPS were largely the result of non-cash adjustments deemed appropriate in the interim results. Duyuru • Aug 16
Master Drilling Group Limited to Report First Half, 2024 Results on Aug 27, 2024 Master Drilling Group Limited announced that they will report first half, 2024 results on Aug 27, 2024 Duyuru • May 01
Master Drilling Group Limited, Annual General Meeting, Jun 10, 2024 Master Drilling Group Limited, Annual General Meeting, Jun 10, 2024, at 09:00 South Africa Standard Time. Location: BDO offices,Wanderers Office Park, 52 Corlett Drive, Illovo Joahannesburg South Africa Agenda: To transact the business as stated in the AGM notice. Duyuru • Mar 27
Master Drilling Group Limited Declares Gross Dividend for the Financial Year Ended 31 December 2023, Payable on 20 May 2024 Master Drilling Group Limited announced that, in respect of the financial year ended 31 December 2023, the Board on 25 March 2024 declared a gross dividend of 52.5 cents per share in ZAR terms payable to shareholders recorded in the Company's share register on 17 May 2024. This dividend represents a 5 times earnings cover which is in line with the desired level indicated in its listing prospectus, of a 4 to 5 times earnings cover. Last date to trade cum dividend is 14 May 2024.Trading ex-dividend commences is 15 May 2024.Record date is 17 May 2024. Payment date is 20 May 2024. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (427% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (427% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€89.5m market cap, or US$97.0m). New Risk • Dec 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.4m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (427% cash payout ratio). Market cap is less than US$100m (€92.4m market cap, or US$99.6m). 
