Duyuru • Dec 30
Bluechiip Limited, Annual General Meeting, Jan 30, 2025 Bluechiip Limited, Annual General Meeting, Jan 30, 2025. Location: at offices of phillips ormonde fitzpatrick, level 16, 333 collins street, melbourne, vic 3000 Australia Buy Or Sell Opportunity • Sep 26
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €0.001. The fair value is estimated to be €0.0013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 1,612% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. Reported Earnings • Sep 01
Full year 2024 earnings released: AU$0.005 loss per share (vs AU$0.008 loss in FY 2023) Full year 2024 results: AU$0.005 loss per share. Revenue: AU$484.7k (down 47% from FY 2023). Net loss: AU$5.81m (loss widened 15% from FY 2023). Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Buy Or Sell Opportunity • Jul 31
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €0.001. The fair value is estimated to be €0.0013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 914% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Duyuru • Jul 05
Bluechiip Limited Announces Company Secretary Changes Bluechiip Limited announced that Ms Chelsea Sheridan of Automic Group has resigned as Company Secretary of the Company. Ms Sheridan tendered her resignation from Automic Group and will be replaced by Patricia Vanni of Automic Group as Company Secretary effective immediately. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €0.001. The fair value is estimated to be €0.0013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 914% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Buy Or Sell Opportunity • Jun 20
Now 104% overvalued Over the last 90 days, the stock has fallen 60% to €0.001. The fair value is estimated to be €0.00049, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 914% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Buy Or Sell Opportunity • Jun 05
Now 110% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to €0.0015. The fair value is estimated to be €0.00072, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 914% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Buy Or Sell Opportunity • May 13
Now 145% overvalued after recent price rise Over the last 90 days, the stock has risen 550% to €0.0065. The fair value is estimated to be €0.0026, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 914% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Breakeven Date Change • May 08
No longer forecast to breakeven The analyst covering Bluechiip no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$400.0k in 2026. New forecast suggests the company will make a loss of AU$100.0k in 2026. New Risk • Mar 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$5.9m Forecast net loss in 2 years: AU$245k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (73% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$720k revenue, or US$469k). Market cap is less than US$10m (€3.85m market cap, or US$4.17m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$245k net loss in 2 years). New Risk • Feb 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Risks Share price has been highly volatile over the past 3 months (54% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$915k revenue, or US$597k). Market cap is less than US$10m (€3.88m market cap, or US$4.17m). Duyuru • Feb 12
Bluechiip Limited has completed a Follow-on Equity Offering in the amount of AUD 0.835142 million. Bluechiip Limited has completed a Follow-on Equity Offering in the amount of AUD 0.835142 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 119,306,069
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00049
Transaction Features: Subsequent Direct Listing New Risk • Dec 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.10m (US$9.82m) This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Revenue is less than US$1m (AU$915k revenue, or US$601k). Market cap is less than US$10m (€9.10m market cap, or US$9.82m). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). Duyuru • Oct 28
Bluechiip Limited, Annual General Meeting, Nov 30, 2023 Bluechiip Limited, Annual General Meeting, Nov 30, 2023, at 14:00 AUS Eastern Standard Time. Location: The Offices of Phillips Ormonde Fitzpatrick Level 16, 333 Collins Street, Melbourne, VIC 3000 Melbourne Australia Agenda: To discuss Financial statements and reports; to discuss Remuneration Report; to discuss Re-election of Directors; to consider ASX Listing Rule 7.1A Approval of Future Issue of Securities; to consider Approval of Issue of Performance Rights to Andrew McLellan, CEO and Managing Director; to consider Approval of Issue of Shares to Related Party, Iain Kirkwood, Non-Executive Chair pursuant to the May Private Placement; to consider Approval of Issue of Shares to Related Party, Iain Kirkwood, Non-Executive Chair pursuant to the October Private Placement; to discuss Ratification of Prior Issue of Shares; and to consider other matters. New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.48m (US$9.04m) This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Revenue is less than US$1m (AU$915k revenue, or US$579k). Market cap is less than US$10m (€8.48m market cap, or US$9.04m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Oct 19
Bluechiip Limited has completed a Follow-on Equity Offering in the amount of AUD 1.63177 million. Bluechiip Limited has completed a Follow-on Equity Offering in the amount of AUD 1.63177 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,417,615
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,285,716
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 03
Full year 2023 earnings released: AU$0.007 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.007 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Revenue: AU$915.0k (down 1.3% from FY 2022). Net loss: AU$5.04m (loss widened 65% from FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 5.1% per year over the past 5 years. Revenue is less than US$1m (AU$1.3m revenue, or US$812k). Market cap is less than US$10m (€8.51m market cap, or US$9.23m). 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 (19% increase in shares outstanding). New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.15m (US$9.98m) This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 5.1% per year over the past 5 years. Revenue is less than US$1m (AU$1.3m revenue, or US$839k). Market cap is less than US$10m (€9.15m market cap, or US$9.98m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.003 loss per share (in line with 1H 2022). Revenue: AU$520.6k (up 171% from 1H 2022). Net loss: AU$2.12m (loss widened 40% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Nov 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. 3 experienced directors. 1 highly experienced director. Independent Director Andrew Cox was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in FY 2021) Full year 2022 results: AU$0.005 loss per share (vs AU$0.005 loss in FY 2021). Revenue: AU$927.2k (up AU$876.1k from FY 2021). Net loss: AU$3.06m (loss narrowed 5.2% from FY 2021). Board Change • Apr 29
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. 1 highly experienced director. Independent Director Andrew Cox was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.003 loss per share (vs AU$0.003 loss in 1H 2021). Net loss: AU$1.52m (loss narrowed 25% from 1H 2021). Revenue missed analyst estimates by 62%. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.008 loss in FY 2020) Full year 2021 results: Net loss: AU$3.23m (loss narrowed 28% from FY 2020).