Butn Ltd (btn) Logo

Butn Ltd (BTN)

___:___ · Financial Services
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BTN Chart

Snapshot

BTN's Principal Activity is the butn Limited is a founder led Australian B2B funder innovating the way SMEs fund and grow their businesses. The company focuses on transactional funding helping businesses through their working capital constraints.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
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Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) -68.43%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,962 of 2,403
Sector Rank 271 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies ABE / LAW / PYR
EPS $0.00
DPS $0.00
Book Value Per Share $0.00

Broker Consensus

BTN is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

Butn Limited (BTN) is a founder-led Australian B2B funder innovating the way SMEs fund and grow their businesses. Butn focuses on funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor's credit. This approach has resonated with SMEs as an efficient way to access capital.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Caulfield North VIC 3161
Website www.butn.co
Registry Link Market Services
Auditor BDO Audit Pty Ltd
Date Listed 6 Jul 2021

Upcoming Calendar (Forecasted)

Date Event
26/08/2022 Report (Prelim)
26/09/2022 Report (Annual)
27/01/2023 Report (Quarterly)
27/02/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Ms Helen Louise Lea Non-Executive Director Sep 2021

Ms Helen Louise Lea

Non-Executive Director

Ms Lea is an experienced executive having held senior roles in transformation, human resources, talent and performance. She is the Chief Employee Experience Officer at MYOB, responsible for a range of portfolio including Digital, Workplace, People and Corporate Affairs. Helen has experience in a number of Australian and multi-national corporations including Seven Group Holdings, Telstra, UGL and British American Tobacco. She has experience with Remuneration Committees, Superannuation Trusteeship and Technology Risk and was a Director of ITA Co (Independent Telecommunications Adjudicator).

Mr Georg Johann Chmiel Non-Executive Director Sep 2020

Mr Georg Johann Chmiel

Non-Executive Director

Mr Chmiel has over 25 years of experience in the real estate and online industry, working for companies such as Deutsche Bank and McKinsey & Company. Georg is currently the executive chairman of Juwai IQI Holdings, one of Asia's property tech companies and chairman of iCarAsia (ASX:ICQ). Georg is also non-executive director of Centrepoint Alliance (ASX:CAF) and the PropTech Group (ASX:PTG) (the leading real estate office company for Australia and New Zealand). Georg was previously managing director and chief executive officer of the iProperty Group (ASX:IPP) before it was sold to REA Group (ASX:REA), later holding the position of chief financial officer and general manager (international) at REA Group. Georg was also previously non-executive director of Mitula Group (ASX:MUA) before it was acquired by Lifull (2120:Tokyo) and managing director of LJ Hooker Group with 700 offices across ten countries. Georg is the 2021 recipient of the Impact Lifetime Achievement Award for Property Excellence in Malaysia, winner of the C-Suite Leadership Excellence Award in 2020, the Asia Pacific Entrepreneurship Award in 2016 and the Top Outstanding Leaders Asia Award in 2015. He is also chairman of Risk Committee of BTN.

Mr Michael (Mike) John Hirst Non-Executive Director Sep 2020

Mr Michael (Mike) John Hirst

Non-Executive Director

Mr Hirst is a retired career banker who has worked across most areas of the banking industry and has experience in retail banking, balance sheet management, financial markets and strategy. After 9 years in the role of managing director and chief executive officer of Bendigo and Adelaide Bank, Mike retired in July 2018. Mike currently serves on a number of listed and not for profit boards including GMHBA, health.com.au, AMCIL and Racing Victoria where he is deputy chairman. Mike is an honorary member of the Business Council of Australia and a Commissioner of the Federal Government's National COVID-19 Commission Advisory Board. Mike was previously deputy chairman of Treasury Corporation of Victoria and the Australian Banking Association. He was also a director of Rural Bank, Sandhurst Trustees, Colonial First State Fund Managers, Barwon Health and Austraclear Limited. During the Global Financial Crisis, Mike was appointed to the Federal Government's Financial Sector Advisory Council and remained a member until his retirement. He is also member of Risk Committee of BTN.

Mr Suzanne Maree Ewart Non-Executive Chairman,Non-Executive Director Sep 2020

Mr Suzanne Maree Ewart

Non-Executive Chairman,Non-Executive Director

Ms Ewart has served as chair, director and senior business executive for various organizations, focusing on chairing audit, risk, finance and remuneration committees. She has served on a number of boards in the financial services, technology, health, infrastructure and education sectors with corporate governance and leadership knowledge from many years of experience in global businesses. With a background in treasury, finance, strategy, mergers and acquisitions, divestment and initial public offerings (in organizations including Fosters' Group, NAB, Telstra, BTR, Pacific Dunlop and Woodside Petroleum) together with strategic placements in executive level roles, Suzanne has experience in some of Australia's ASX listed corporations. Suzanne currently serves on the board of Dexus Wholesale Funds Ltd and also chairs a Bendigo Community Bank. Suzanne has served on a number of other boards including as chair of .au Domain Administration Ltd, Box Hill Institute Group, Peter MacCallum Cancer Centre and Cell Therapies and as a director of Treasury Corporation Victoria and TT Line Pty Ltd. She is also member of Risk Committee of BTN.

Mr Walter Rapoport Co-Founder, Joint CEO,Executive Director Sep 2020

Mr Walter Rapoport

Co-Founder, Joint CEO,Executive Director

Mr Rapoport's career spans economics research and more than 25 years as the founder and CEO of a knitwear manufacturing company supplying Australia's retailers, including a period as a licensee to Pierre Cardin. Throughout his career, he has involved in manufacturing, finance, sales and marketing. He has experience in identifying, developing, and executing innovative receivables funding solutions and adapting products to digital transformations. Walter serves as chairman of the Multicultural Chambers of Commerce Group and chairs the Grampians Regional Advisory Council.

Mr Rael Ross Co-Founder, Joint CEO,Executive Director Sep 2020

Mr Rael Ross

Co-Founder, Joint CEO,Executive Director

Mr Ross has over 15 years' experience in financial services, technology and business. Rael has created, developed and executed technology and digital projects through several businesses. Rael co-founded what is today known as Tsikot.com, one of the online automotive platforms and the online automotive forum in the Philippines. Rael has worked in private practice, the not-for-profit sector and for 'Big 4' accounting firms. In 2020, Rael was awarded Australian Young Entrepreneur across multiple categories.

Mr Darryl Lasnitzki Chief Financial Officer,Company Secretary N/A

Director Transactions

BTN directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
16/05/22 Michael (Mike) Hirst Buy +65,000 $0.178 $11,555 On-market trade
03/05/22 Michael (Mike) Hirst Buy +100,000 $0.199 $19,925 On-market trade
28/03/22 Michael (Mike) Hirst Buy +48,688 $0.265 $12,903 On-market trade
25/03/22 Michael (Mike) Hirst Buy +51,312 $0.285 $14,624 On-market trade
21/03/22 Walter Rapoport Buy +192,000 $0.259 $49,765 On-market trade
18/03/22 Georg Chmiel Buy +200,000 $0.258 $51,550 On-market trade
01/03/22 Georg Chmiel Transfer 140,000 $0.26 $36,400 As advised by the company
01/03/22 Georg Chmiel Transfer 140,000 $0.26 $36,400 As advised by the company
01/03/22 Georg Chmiel Buy +100,000 $0.26 $26,000 On-market trade
15/11/21 Georg Chmiel Buy +60,000 $0.313 $18,780 On-market trade
15/11/21 Georg Chmiel Buy +60,000 $0.315 $18,900 On-market trade
04/11/21 Georg Chmiel Buy +10,000 $0.30 $3,000 On-market trade
03/11/21 Georg Chmiel Buy +10,000 $0.30 $3,000 On-market trade

Director Interests

The current holdings of BTN directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Michael (Mike) Hirst 16/05/2022 192,120 365,000 306,250 N/A
Walter Rapoport 21/03/2022 N/A 36,383,572 1,300,000 N/A
Georg Chmiel 18/03/2022 100,000 400,000 306,250 N/A
Helen Lea 01/09/2021 0 N/A N/A N/A
Suzanne Ewart 18/09/2020 98,425 N/A 481,250 N/A
Rael Ross 09/09/2020 N/A 36,191,572 1,300,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Jul 2, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Walrap Nominees Pty Ltd 36,191,572 22.62%
Why K Pty Ltd (The Rael Ross Family A/C) 36,191,572 22.62%
Myob Invest Co Pty Ltd 31,840,000 19.90%
CS Third Nominees Pty Limited (i) 11,527,166 7.20%
CS Third Nominees Pty Limited (ii) 6,000,000 3.75%
Wilson Asset Management (Intl) Pty Ltd 3,073,911 1.92%
Helant Pty Ltd (The Helant Family A/C) 3,000,000 1.87%
Citicorp Nominees Pty Limited 2,000,000 1.25%
Mr David Roseman 1,500,000 0.94%
David Roseman 1,381,792 0.86%
Merriwee Pty Ltd (Merriwee Super Fund A/C) 1,152,717 0.72%
Pershing Australia Nominees Pty Ltd (Accum A/C) 1,084,500 0.68%
Jamber Investments Pty Ltd 1,082,500 0.68%
HSBC Custody Nominees (Australia) Limited 1,008,000 0.63%
Spring Plains Past Co (Vic) PL 768,479 0.48%
Wheap Pty Ltd (Boon Superannuation Fund A/C) 674,000 0.42%
Elkay Investments Pty Ltd 576,358 0.36%
Davsam Pty Ltd (Roseman Retirement Fund A/C) 560,400 0.35%
Evolution Ees Limited 537,935 0.34%
Asia Pac Technology Pty Ltd 494,000 0.31%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 0 115 76 198 59 448

Substantial Shareholders

No Substantial Shareholders for BTN in our database.

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
06-07-21 Why K Pty Ltd 36,191,572 -- 22.62
06-07-21 Walrap Nominees Pty Ltd 36,191,572 -- 22.62
06-07-21 Regal Funds Management Pty Ltd 17,527,166 -- 10.95

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
21-10-21 Regal Funds Management Pty Ltd 1,716,862 10.95 9.88

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
No Financial Year End data available
BTN Historical Price Data (CSV)
Up to 20 years of EOD share price history
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