Board Change • 18h
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. 1 independent director (9 non-independent directors). Independent Non-Executive Director Marie Pierre Boulle was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Dec 13
Omnicane Limited announces Annual dividend, payable on March 27, 2026 Omnicane Limited announced Annual dividend of MUR 1.1000 per share payable on March 27, 2026, ex-date on March 10, 2026 and record date on March 13, 2026. Duyuru • Jun 09
Omnicane Limited, Annual General Meeting, Jun 27, 2025 Omnicane Limited, Annual General Meeting, Jun 27, 2025, at 10:00 Arabian Standard Time. Location: in the conference room, holiday inn mon tresor, Mauritius Duyuru • Apr 17
Omnicane Limited (MUSE:MTMD.N0000) into an in-principle agreement to acquire SPICE Finance Ltd from UIL Asset Finance Ltd. Omnicane Limited (MUSE:MTMD.N0000) into an in-principle agreement to acquire SPICE Finance Ltd from UIL Asset Finance Ltd on April 16, 2025.
The Transaction is subject to the satisfaction of certain conditions precedent amongst which obtaining the approval of the relevant authorities, including the Bank of Mauritius. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: MU₨3.03 (vs MU₨4.09 in 3Q 2023) Third quarter 2024 results: EPS: MU₨3.03 (down from MU₨4.09 in 3Q 2023). Revenue: MU₨1.91b (up 7.4% from 3Q 2023). Net income: MU₨202.8m (down 26% from 3Q 2023). Profit margin: 11% (down from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% 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: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (MU₨1.28b market cap, or US$27.7m). Buy Or Sell Opportunity • Aug 06
Now 21% overvalued Over the last 90 days, the stock has fallen 8.3% to MU₨19.25. The fair value is estimated to be MU₨15.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Jun 24
Omnicane Limited, Annual General Meeting, Jun 28, 2024 Omnicane Limited, Annual General Meeting, Jun 28, 2024, at 10:00 Arabian Standard Time. Location: in the conference room, of holiday inn mon treor, Mauritius New Risk • Jun 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (MU₨1.27b market cap, or US$27.5m). Reported Earnings • May 15
First quarter 2024 earnings released: MU₨1.87 loss per share (vs MU₨1.96 loss in 1Q 2023) First quarter 2024 results: MU₨1.87 loss per share (improved from MU₨1.96 loss in 1Q 2023). Revenue: MU₨1.45b (down 30% from 1Q 2023). Net loss: MU₨125.6m (loss narrowed 4.4% from 1Q 2023). 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 10% per year, which means it is significantly lagging earnings growth. New Risk • May 12
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 Mauritian stocks, typically moving 3.6% 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: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). 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 (3.6% average weekly change). Market cap is less than US$100m (MU₨1.34b market cap, or US$29.0m). Upcoming Dividend • Feb 29
Upcoming dividend of MU₨1.00 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 27 March 2024. Trailing yield: 4.5%. Lower than top quartile of Mauritian dividend payers (6.1%). Higher than average of industry peers (3.1%). Duyuru • Dec 18
Omnicane Limited Declares Dividend for the Financial Year Ending 31 December 2023, Payable on or Around 27 March 2024 Omnicane Limited announced that a dividend of MUR 1.00 per share in respect of the financial year ending 31 December 2023 has been declared payable to shareholders of the Company registered at the close of business on 13 March 2024. The Dividend will be paid on or around 27 March 2024 and the Company's shares will be traded cum-dividend up to the market day of 06 March 2024 and ex-dividend on 7 March 2024. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: MU₨4.09 (vs MU₨3.53 in 3Q 2022) Third quarter 2023 results: EPS: MU₨4.09 (up from MU₨3.53 in 3Q 2022). Revenue: MU₨1.78b (down 24% from 3Q 2022). Net income: MU₨274.2m (up 16% from 3Q 2022). Profit margin: 15% (up from 10% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Aug 25
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 Mauritian stocks, typically moving 3.8% 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: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (3.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (MU₨1.61b market cap, or US$35.0m). Reported Earnings • Aug 18
Second quarter 2023 earnings released: MU₨1.11 loss per share (vs MU₨2.18 loss in 2Q 2022) Second quarter 2023 results: MU₨1.11 loss per share (improved from MU₨2.18 loss in 2Q 2022). Revenue: MU₨1.70b (down 22% from 2Q 2022). Net loss: MU₨74.4m (loss narrowed 49% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Omnicane Limited, Annual General Meeting, May 25, 2023 Omnicane Limited, Annual General Meeting, May 25, 2023, at 10:00 Mauritius Standard Time. Location: the conference room of Holiday Inn Mon Trésor Mauritius Mauritius Agenda: To consider and approve the Annual Report including the audited financial statements for the year ended 31 December 2022; to re-appoint as director Mr. Didier MAIGROT; to re-appoint as director Mr. Bertrand THEVENAU; to re-appoint as director Mr. Pierre MARRIER D'UNIENVILLE ; to re-appoint as director Mr. Bertrand BOULLE; to re-appoint as directors; and to consider other matters if any. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: MU₨3.53 (vs MU₨0.66 loss in 3Q 2021) Third quarter 2022 results: EPS: MU₨3.53 (up from MU₨0.66 loss in 3Q 2021). Revenue: MU₨2.34b (up 61% from 3Q 2021). Net income: MU₨236.3m (up MU₨280.3m from 3Q 2021). Profit margin: 10% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Pierre d’Unienville was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 21
First quarter 2022 earnings released: EPS: MU₨0.89 (vs MU₨2.50 loss in 1Q 2021) First quarter 2022 results: EPS: MU₨0.89 (up from MU₨2.50 loss in 1Q 2021). Revenue: MU₨1.53b (up 54% from 1Q 2021). Net income: MU₨59.7m (up MU₨227.4m from 1Q 2021). Profit margin: 3.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: MU₨6.73 loss per share (vs MU₨45.61 loss in FY 2020) Full year 2021 results: MU₨6.73 loss per share (up from MU₨45.61 loss in FY 2020). Revenue: MU₨5.38b (up 20% from FY 2020). Net loss: MU₨322.3m (loss narrowed 90% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Non-Executive Director Pierre d’Unienville was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 05
First quarter 2021 earnings released: MU₨2.50 loss per share (vs MU₨2.55 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: MU₨994.7m (up 3.1% from 1Q 2020). Net loss: MU₨167.7m (loss narrowed 1.8% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 01
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: MU₨4.47b (down 1.8% from FY 2019). Net loss: MU₨3.06b (loss widened 173% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day high: MU₨16.50 The company is up 27% from its price of MU₨13.00 on 29 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 24% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: MU₨16.00 The company is up 16% from its price of MU₨13.80 on 14 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: MU₨15.50 The company is up 10.0% from its price of MU₨14.10 on 04 September 2020. The Mauritian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 17% over the same period. Duyuru • Oct 13
Omnicane Limited Announces Management Changes The Board of Directors of Omnicane Limited announced that its shareholders and the public at large that it has decided to appoint Mr. Harold Mayer as Chairman of the Company in replacement of Mr. Didier Maigrot who expressed the wish to step down as Chairman whilst remaining a member of the Board as Non-Executive Director. 
