Pepper Money Ltd (ppm) Logo

Pepper Money Ltd (PPM)

___:___ · Financial Services
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VOLUME
DIV YIELD
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52 WEEK RANGE

PPM Chart

Snapshot

PPM's Principal Activity is the non-bank lender focused on underserved customer segments, and currently offers three broad categories or products including Mortgages, Asset Finance and Loan and Other Servicing.

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) -
vs ASX 200 (1yr) -31.41%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 348 of 2,417
Sector Rank 59 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies Z1P / ECX / KKC
EPS $0.86
DPS $0.09
Book Value Per Share $1.45

Broker Consensus

Breakdown 7 Buy · 1 Hold · 0 Sell
Recommendation Strong Buy
Last Updated 09/05/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

Pepper Money Limited (PPM) is a non-bank lender in the Australian mortgage and asset finance markets. Pepper has subsequently broadened its Australian business activities to also include the origination of prime residential mortgages, commercial real estate loans, auto and equipment finance, third party loan servicing and broker servicing, as well as expand into residential mortgages in New Zealand.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office North Sydney NSW 2060
Website www.pepper.com.au
Registry BoardRoom
Auditor Deloitte Touche Tohmatsu
Date Listed 25 May 2021

Upcoming Calendar (Forecasted)

Date Event
23/08/2022 Report (Interim)
23/02/2023 Report (Prelim)
23/02/2023 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
14/03/2022 $0.09 100% $0.1286 Final 14/04/2022

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.09
Gross DPS(TTM) $0.1286
Dividend yield
Gross yield
Payout Ratio 25%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Mr Michael(Mike) John Cutter Non-Executive Director May 2021

Mr Michael(Mike) John Cutter

Non-Executive Director

Mr Cutter has over 30 years' experience in the financial services industry, both in Australia and abroad. He also has knowledge of comprehensive credit reporting regimes in Australia and international markets. Mike is currently a Non-Executive Director of Sezzle, an ASX listed Buy Now Pay Later company. Prior to joining the Pepper Money Board, Mike held various executive positions including Group Managing Director of Equifax ANZ, Chief Risk Officer ANZ (Australia Division), CEO at GE Money Australia & New Zealand, and CEO of OAMPS Insurance Brokers. Mike has held various directorships and chairmanships with Wesfarmers, and Pepper ANZ companies, and with GE, and AFC from 2006 and NIBA from 2013. Mike has served as a Director of the Women's Cancer Foundation from 2006 to 2015, Director of the Australian Finance Conference from 2006 to 2009 and National Insurance Brokers Association from 2013 to 2014. He is a chair of the Risk committee.

Ms Akiko Jackson Non-Executive Director May 2021

Ms Akiko Jackson

Non-Executive Director

Ms Jackson has more than 30 years' experience as an executive in the financial services industry including with CBA, Macquarie and Westpac in Australia and MUFG and Shinsei Bank in Japan, and as a strategy consultant in the US and Australia. Akiko has worked in both the private and the public sectors and has experience in strategy & business development, risk management and large scale transformation, including digital transformation. Akiko has led an Initial Public Offering and been involved in multiple equity raisings. Akiko is a Non-Executive Director of the Australian Children's Education and Care Quality Authority ("ACECQA") and of the Foundation and Friends of the Botanic Gardens and a member of the Portfolio Advisory Council of Services Australia. Akiko's past directorship includes a Non-Executive Director of 86 400 Limited, as well as being a member of the Advisory Committee of the Australian Treasury and the Strategy Advisory Committee of the Department of Immigration and Border Protection. She is a member of the Risk committee.

Mr James Desmond O'Shea Non-Executive Director May 2021

Mr James Desmond O'Shea

Non-Executive Director

Mr O'Shea has more than 40 years' experience in Banking and Consumer Finance. He was appointed to the Pepper Group Board in March 2014 and he Chairs the Group Audit and Risk Committee. Des is currently Chairman of Oodle Finance; a U.K. based auto finance business and is on the board of Byblos Bank in Lebanon (where he is Chair of the Risk Committee) and Byblos Bank Europe (where he is Chair of the Audit and Risk Committee). Des was Chair of Ulster Bank Limited in Ireland until July 2020. He has been on the board of banks and other financial institutions in more than 12 countries in Europe, Asia, South and Central America. He is a member of the Risk committee.

Ms Justine Turnbull Non-Executive Director May 2021

Ms Justine Turnbull

Non-Executive Director

Ms Turnbull has over 25 years' experience in running commercial business with her specialist legal experience on executive employment and related governance issues, in both private and public enterprises and on national and global levels. Prior to joining the Pepper Money Board, Justine held various positions including founding Partner of Seyfarth Shaw Australia and Partner of Herbert Smith Freehills. More recently Justine has consulted businesses on workplace behaviour and culture issues. Justine has association with Pepper Money, initially as lead Employment Advisor on the Australian GE Residential Mortgages acquisition in 2011, and then as ongoing employment advisor with Herbert Smith Freehills and Seyfarth Shaw. Justine is a former board member for Catholic Schools NSW/ACT, Access EAP and TAFE NSW.

Mr Rob Verlander Non-Executive Director May 2021

Mr Rob Verlander

Non-Executive Director

Mr Verlander has held senior positions at investment and commercial banks, in Australia and the United Kingdom, in Fixed Income, Capital Markets, Infrastructure and Securitisation for over 35 years. These include: Head of DCM Origination BZW Australia (Barclays Banking Group), Head of Fixed Income Commonwealth Bank of Australia (Europe), member of management committee CBA (Europe), Head of Primary Markets CBA, and a leading member of CQ (CBA's Institutional Bank Diversity and Culture Council). Prior to his retirement from the banking industry in 2019, Rob was head of the Securitisation business at the Commonwealth Bank of Australia, where he acted as banker to many of Australia's non-bank lenders, including Pepper Money. He is a member of the Risk committee.

Mr Mario Rehayem Chief Executive Officer,Executive Director May 2018

Mr Mario Rehayem

Chief Executive Officer,Executive Director

Mr Rehayem has over 19 years of experience across banking and finance, Mario has held senior positions in an ADI environment as well as in the non-bank sector. Mario held various roles including State Manager, Mortgage Broker Distribution - Western Australia and South Australia for Westpac. In 2019, Mario was included in the MPA Mortgage Global 100 List featuring leaders who are making a difference in today's mortgage industry. Mr Rehayem joined Pepper Money in 2011 and has held various roles including Managing Director, Australian Mortgages and Personal Loans, Director of Sales and Distribution, Australian Mortgages and Personal Loans.

Mr Michael Charles Culhane Non-Executive Chairman,Non-Executive Director Jan 2011

Mr Michael Charles Culhane

Non-Executive Chairman,Non-Executive Director

Mr Culhane is currently the CEO of the Pepper Global Group and is responsible for the global financial performance and strategy of businesses in the 12 jurisdictions in where Pepper Group currently operates. From 2001 to 2008, Michael has founded and running Oakwood Global Finance LLP that grew into a diversified specialty finance business. Prior to founding Pepper Group, Michael served as the Executive Chairman of Future Mortgages (UK non-conforming residential mortgage lender) and the Chief Executive Officer of the London office of FBR, a United States-based investment bank (while at FBR, Michael worked for 10 years in equity capital markets). He is a member of the Risk committee.

Mr John Williams Company Secretary,General Counsel N/A
Therese McGrath Chief Financial Officer N/A
Sue Kent Chief Human Resource Officer N/A
Steven Meek Chief Information Officer N/A
Michael Vainauskas Chief Risk Officer N/A
Matthew Tinker Chief Service Officer N/A
Ken Spellacy General Manager, Asset Finance N/A
Sarah Pikardt General Manager, Marketing & Brand N/A
Barry Saoud General Manager, Mortgages and Commercial Lending N/A
Neil Culkin Head of Credit and Settlements - Mortgages & Commercial Lending N/A
Anthony Moir Treasurer N/A

Director Transactions

PPM 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
11/03/22 Akiko Jackson Buy +39,792 $1.815 $72,222 Conversion of securities
11/03/22 Justine Turnbull Buy +39,792 $1.815 $72,222 Conversion of securities
11/03/22 Michael(Mike) Cutter Buy +39,792 $1.815 $72,222 Conversion of securities
11/03/22 Rob Verlander Buy +39,792 $1.815 $72,222 Conversion of securities
11/03/22 Akiko Jackson Exercise 39,792 $1.815 $72,222 Conversion of securities
11/03/22 Justine Turnbull Exercise 39,792 $1.815 $72,222 Conversion of securities
11/03/22 Michael(Mike) Cutter Exercise 39,792 $1.815 $72,222 Conversion of securities
11/03/22 Rob Verlander Exercise 39,792 $1.815 $72,222 Conversion of securities
11/10/21 Akiko Jackson Issued 39,792 $2.89 $114,998 Directors' share plan
11/10/21 Justine Turnbull Issued 39,792 $2.89 $114,998 Directors' share plan
11/10/21 Michael(Mike) Cutter Issued 39,792 $2.89 $114,998 Directors' share plan
11/10/21 Rob Verlander Issued 39,792 $2.89 $114,998 Directors' share plan
24/09/21 Mario Rehayem Issued 1,608,666 $2.89 $4,649,044 Issue of securities
24/08/21 Justine Turnbull Buy +1,349 $2.68 $3,615 On-market trade

Director Interests

The current holdings of PPM directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Rob Verlander 11/03/2022 74,395 17,302 N/A N/A
Justine Turnbull 11/03/2022 39,792 8,651 N/A N/A
Akiko Jackson 11/03/2022 39,792 34,603 N/A N/A
Michael(Mike) Cutter 11/03/2022 57,094 N/A N/A N/A
James O'Shea 31/12/2021 41,523 N/A N/A N/A
Mario Rehayem 31/12/2021 N/A 7,820,624 N/A N/A
Michael Culhane 31/12/2021 N/A N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Jan 31, 2022.

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
Pepper Group ANZ Holdco Limited 266,309,851 60.59%
J P Morgan Nominees Australia Pty Limited 52,833,624 12.02%
National Nominees Limited 27,019,090 6.15%
HSBC Custody Nominees (Australia) Limited 15,609,183 3.55%
Citicorp Nominees Pty Limited 10,660,361 2.43%
BNP Paribas Noms Pty Ltd 9,649,888 2.20%
UBS Nominees Pty Ltd 8,241,721 1.88%
Netwealth Investments Limited 8,016,989 1.82%
Brispot Nominees Pty Ltd 5,400,677 1.23%
HSBC Custody Nominees (Australia) Limited (i) 4,671,933 1.06%
CS Third Nominees Pty Limited 2,874,073 0.65%
Denise Aoun 2,387,234 0.54%
CS Fourth Nominees Pty Limited 2,105,394 0.48%
Morgan Stanley Australia Securities (Nominee) Pty Limited 1,952,699 0.44%
Merrill Lynch (Australia) (Australia) Nominees Pty Limited 1,326,389 0.30%
John Williams 637,858 0.15%
Sue Kent 618,964 0.14%
Sally Jane Thompson 595,501 0.14%
BNP Paribas Nominees Six Sis Limited 592,140 0.13%
BNP Paribas Nominees Pty Ltd 329,075 0.07%

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 1,508 1,359 355 315 33 3,570

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 (%)
Australiansuper Pty Ltd 31/01/2022 40,630,247 9.24
Pepper Group ANZ Holdco Limited 25/02/2022 266,309,851 60.59

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
06-07-21 Australiansuper Pty Ltd 6,000,000 7.88 9.24
02-07-21 Australiansuper Pty Ltd 5,377,724 6.66 7.88
27-05-21 Pepper Group ANZ Holdco Limited 19,004,645 100.00 61.60
27-05-21 Australiansuper Pty Ltd 29,252,523 -- 6.66
25-05-21 Pepper Group ANZ Holdco Limited 251,929,460 -- 100.00

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
25-02-22 Pepper Group ANZ Holdco Limited 4,624,254 61.6 60.6

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $2.58 30 June
PPM Historical Price Data (CSV)
Up to 20 years of EOD share price history
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