Netwealth Group Ltd (nwl) Logo

Netwealth Group Ltd (NWL)

___:___ · Financial Services
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE

NWL Chart

Snapshot

NWL's Principal Activity is the to provide Financial Intermediaries and investors with financial services including managed funds, investor directed portfolio services, a superannuation master fund, separately managed accounts and self managed superannuation administration services.

Share Price Activity

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

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -16.98%
vs ASX 200 (1yr) -18.30%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 130 of 2,420
Sector Rank 21 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies GOLD / AMP / QUAL
EPS $0.221
DPS $0.195
Book Value Per Share $0.38

Broker Consensus

Breakdown 7 Buy · 6 Hold · 1 Sell
Recommendation Buy
Last Updated 04/06/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

Netwealth Group Limited (NWL) is to provide Financial Intermediaries and investors with financial services including managed funds, investor directed portfolio services, a superannuation master fund, separately managed accounts and self-managed superannuation administration service.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Melbourne VIC 3000
Website www.netwealth.com.au
Registry Link Market Services
Auditor Deloitte Touche Tohmatsu
Date Listed 20 Nov 2017

Upcoming Calendar (Forecasted)

Date Event
17/08/2022 Report (Prelim)
17/08/2022 Report (Annual)
15/02/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
23/02/2022 $0.10 100% $0.1429 Interim 24/03/2022
26/08/2021 $0.095 100% $0.1357 Final 24/09/2021
22/02/2021 $0.0906 100% $0.1294 Interim 26/03/2021
25/08/2020 $0.078 100% $0.1114 Final 24/09/2020
25/02/2020 $0.069 100% $0.0986 Interim 26/03/2020
26/08/2019 $0.066 100% $0.0943 Final 26/09/2019
25/02/2019 $0.055 100% $0.0786 Interim 28/03/2019
10/09/2018 $0.1056 100% $0.1509 Final 27/09/2018

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.195
Gross DPS(TTM) $0.2786
Dividend yield
Gross yield
Payout Ratio 82%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Ms Kate Temby Non-Executive Director Feb 2021

Ms Kate Temby

Non-Executive Director

Mr Temby has worked in global roles as a Managing Director at Goldman Sachs Asset Management and a Consultant at PwC. Kate is currently a partner with Affirmative Investment Management, member of Investment Committees for Conscious Investment Management and Melbourne Grammar School. Kate is a member of the Group Compliance and Risk Management Committee, Group Remuneration and Culture Committee. Kate is the Chair of the NIL Investment Committee.

Ms Sally Margaret Freeman Non-Executive Director Oct 2019

Ms Sally Margaret Freeman

Non-Executive Director

Ms Freeman was a partner of KPMG for 15 years until her retirement in 2019. Prior to that, she was a partner at Ernst & Young. She has over 25 years experience as a Risk Consulting and Corporate Governance executive and was head of KPMG's National Risk Consulting Practice, advising clients in financial risk management, actuarial insurance, forensics and compliance matters. Sally holds a Bachelor of Commerce, is a member of the Australian Institute of Chartered Accountants, the Australian Institute of Company Directors and Chief Executive Women. Sally is currently a director of Regional Investment Corporation, Eastern Health and independent expert on the audit committee of Commonwealth Games Australia, Caulfield Grammar and HealthShare Victoria. Sally is a member of the Group Compliance and Risk Management Committee and Culture Committee, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee.

Mr Matthew (Matt) Alexander Max Heine Joint Managing Director Jun 2017

Mr Matthew (Matt) Alexander Max Heine

Joint Managing Director

Mr Heine has been instrumental in the development of the Netwealth platform and products as well as the distribution, branding and marketing of the Group. Matthew's role and experience in the sales, marketing and strategy field brings a firsthand understanding of the industry and client base. In his executive capacity, Matthew has the Product, Technical, Sales and Marketing teams reporting to him.

Mr Davyd Lewis Non-Executive Director Jun 2017

Mr Davyd Lewis

Non-Executive Director

Mr Lewis was a partner of Mallesons Stephen Jaques for 20 years until his retirement in 2008. Davyd's role included Partner in Charge of the Melbourne Centre, Managing Partner Practice of Mergers & Acquisitions, Property and Construction, Dispute Resolution and Intellectual Property, National Practice Team Leader of the Mergers & Acquisitions Group and responsibility for supervising the relationship with 50 of the firm's biggest clients. Davyd is a member of the Nomination Committee. Davyd is the Chair of the Group Compliance and Risk Management Committee, the Group Remuneration and Culture Committee, the NSS Audit Risk and Compliance Committee and the NIL Due Diligence Committee.

Mr Michael Max Heine Joint Managing Director Jun 2017

Mr Michael Max Heine

Joint Managing Director

Mr Heine has experience in Australian and European financial markets, including commodity trading, international financing, mortgage lending and property development. Michael was instrumental in the establishment of the Heine Brothers funds management business in 1982 and was its Managing Director from 1982 to 1999 when the company was acquired by ING (then Mercantile Mutual). Michael is a member of NIL Investment Committee.

Mr Timothy Michael Antonie Non-Executive Director Jun 2017

Mr Timothy Michael Antonie

Non-Executive Director

Mr Antonie commenced his career at Price Waterhouse (now Pricewaterhouse Coopers) and subsequently worked at several investment banks, including UBS Investment Bank as a Managing Director, where he advised major Australian companies in large scale mergers, acquisitions, sales and restructures and equity transactions, as well as day-to-day equity market facing matters. Timothy is now a principal of Stratford Advisory Group providing independent financial advice to Australian and international corporations. Timothy is currently a director of Breville Group Limited and Premier Investments Limited. Timothy was previously a director of Village Roadshow Limited from November 2010 until December 2019. Timothy is a member of the Culture Committee and the Netwealth Investments Limited (NIL) Investment Committee.

Mr Grant Boyle Chief Financial Officer,Joint Company Secretary N/A
Ms Rachel Axton General Manager - Legal, Risk and Compliance,Joint Company Secretary N/A

Director Transactions

NWL 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
19/11/21 Matthew (Matt) Heine Issued 23,825 $16.79 $400,021 Issue of securities
19/11/21 Matthew (Matt) Heine Issued 75,000 $16.79 $1,259,250 Issue of securities
24/08/21 Matthew (Matt) Heine Sell +5,600,000 $15.10 ($84,560,000) Off-market trade
24/08/21 Michael Heine Sell +5,600,000 $15.10 ($84,560,000) Off-market trade
23/08/21 Davyd Lewis Sell +32,732 $15.276 ($499,998) On-market trade
29/03/21 Sally Freeman Buy +9,000 $14.00 $126,000 On-market trade
26/03/21 Timothy Antonie Buy +5,000 $14.07 $70,350 On-market trade
25/02/21 Sally Freeman Buy +500 $14.526 $7,263 On-market trade
19/02/21 Matthew (Matt) Heine Sell +500,000 $15.30 ($7,650,000) Off-market trade
19/02/21 Timothy Antonie Sell +75,000 $15.30 ($1,147,500) Off-market trade
19/02/21 Davyd Lewis Sell +87,500 $15.30 ($1,338,750) Off-market trade
15/02/21 Timothy Antonie Buy +175,000 $0.471 $82,495 Conversion of securities
15/02/21 Timothy Antonie Exercise 175,000 $0.471 $82,495 Conversion of securities
15/02/21 Davyd Lewis Buy +175,000 $0.471 $82,495 Conversion of securities
15/02/21 Davyd Lewis Exercise 175,000 $0.471 $82,495 Conversion of securities
12/02/21 Matthew (Matt) Heine Buy +1,400,000 $0.471 $659,960 Conversion of securities
12/02/21 Matthew (Matt) Heine Exercise 1,400,000 $0.471 $659,960 Conversion of securities
26/08/20 Michael Heine Sell +5,500,000 $13.90 ($76,450,000) Off-market trade
26/08/20 Matthew (Matt) Heine Sell +5,500,000 $13.90 ($76,450,000) Off-market trade
26/08/20 Matthew (Matt) Heine Sell +375,000 $13.90 ($5,212,500) On-market trade
26/08/20 Jane Tongs Sell +110,000 $13.93 ($1,532,340) On-market trade
26/08/20 Davyd Lewis Sell +35,890 $13.931 ($499,979) On-market trade
20/01/20 Matthew (Matt) Heine Issued 132,373 $8.24 $1,090,754 Issue of options
20/01/20 Matthew (Matt) Heine Issued 132,373 $8.24 $1,090,753 Issue of options
09/09/19 Matthew (Matt) Heine Transfer 829,231 $8.40 $6,965,540 Off-market transfer
09/09/19 Matthew (Matt) Heine Transfer 829,231 $8.40 $6,965,540 Off-market transfer
06/09/19 Davyd Lewis Sell +60,050 $8.325 ($499,924) On-market trade
05/09/19 Jane Tongs Sell +76,159 $7.816 ($595,290) On-market trade
02/09/19 Matthew (Matt) Heine Transfer 7,100,000 $7.70 $54,670,000 Off-market transfer
02/09/19 Michael Heine Sell +7,100,000 $7.70 ($54,670,000) Off-market trade
25/06/19 Matthew (Matt) Heine Transfer 829,230 $8.66 $7,181,132 Off-market transfer
25/06/19 Matthew (Matt) Heine Transfer 829,230 $8.66 $7,181,132 Off-market transfer

Director Interests

The current holdings of NWL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Matthew (Matt) Heine 19/11/2021 0 133,590,860 207,373 N/A
Michael Heine 24/08/2021 N/A 129,854,455 N/A N/A
Davyd Lewis 23/08/2021 N/A 159,161 N/A N/A
Sally Freeman 30/06/2021 N/A 9,500 N/A N/A
Timothy Antonie 30/06/2021 N/A 105,000 N/A N/A
Kate Temby 01/02/2021 0 N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Jul 30, 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
Heine Brothers Pty Ltd 115,304,990 47.29%
HSBC Custody Nominees (Australia) Limited 33,304,289 13.66%
Leslie Max Heine Pty Ltd <ATF The LMH Trust> 20,109,465 8.25%
J P Morgan Nominees Australia Pty Limited 17,437,870 7.15%
Netwealth Investments Limited <Wrap Services A/C> 15,460,837 6.34%
Citicorp Nominees Pty Limited 9,452,186 3.88%
BNP Paribas Noms Pty Ltd <Drp> 3,967,270 1.63%
National Nominees Limited 3,578,404 1.47%
BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 2,438,652 1.00%
Australian Foundation Investment Company Limited 2,090,010 0.86%
Netwealth Investments Limited <Super Services A/C> 1,999,973 0.82%
Mirrabooka Investments Ltd 981,215 0.40%
Warbont Nominees Pty Ltd <Unpaid Entrepot A/C> 873,210 0.36%
BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> 652,199 0.27%
Asset Plus Pty Limited <ATF The Headline Investments Trust> 467,642 0.19%
Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 439,832 0.18%
HSBC Custody Nominees (Australia) Limited <NT Comnwlth Super Corp A/C> 398,357 0.16%
Djerriwarrh Investments Limited 384,000 0.16%
Truebell Capital Pty Ltd <Truebell Investment Fund> 376,550 0.15%
Damian Soraghan 312,874 0.13%

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 3,240 1,838 298 150 34 5,560

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Matthew Alexander Max Heine 24/08/2021 133,590,860 54.79
Leslie Max Heine Pty Ltd 24/08/2021 17,635,049 7.23
Heine Brothers Pty Ltd 24/08/2021 129,854,455 53.26
Michael Max Heine 24/08/2021 129,854,455 53.26
Nicholas St Clair Max Heine 24/08/2021 129,901,205 53.28

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
24-08-21 Heine Brothers Pty Ltd 5,600,000 56.99 53.26
24-08-21 Michael Max Heine 5,600,000 55.56 53.26
24-08-21 Matthew Alexander Max Heine 5,600,000 57.09 54.79
24-08-21 Nicholas St Clair Max Heine 5,600,000 55.58 53.28
24-08-21 Leslie Max Heine Pty Ltd 2,800,000 8.60 7.23

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $17.15 30 June
2020 $8.97 30 June
2019 $8.00 28 June
2018 $8.22 29 June
NWL Historical Price Data (CSV)
Up to 20 years of EOD share price history
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