United Malt Group Ltd (umg) Logo

United Malt Group Ltd (UMG)

___:___ · Consumer Defensive
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DIV YIELD
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52 WEEK RANGE

UMG Chart

Snapshot

UMG's Principal Activity is the the production, sale and distribution of bagged malt, hops, yeast, adjuncts and related products to major brewers, craft brewers, distillers and food companies.

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) -23.81%
vs ASX 200 (1yr) -15.71%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 292 of 2,420
Sector Rank 14 of 96

Key Fundamentals

Shares Issued
Sector Consumer Defensive
Similar Companies ING / BGA / TGR
EPS $0.036
DPS $0.05
Book Value Per Share $3.56

Broker Consensus

Breakdown 10 Buy · 2 Hold · 0 Sell
Recommendation Strong Buy
Last Updated 04/06/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

United Malt Group Limited (UMG) is the fourth largest commercial maltster globally, producing ingredients for the brewing, distilling and food markets. United Malt has approximately 1.25Mtpa of capacity across 13 processing plants in Canada, US, Australia and the UK. United Malt also operates an international warehouse and distribution business, which provides a full service offering for craft brewers and distillers, including malt, hops, yeast, adjuncts and related products.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Sydney NSW 2000
Website www.unitedmalt.com
Registry Link Market Services
Auditor PricewaterhouseCoopers
Date Listed 24 Mar 2020

Upcoming Calendar (Forecasted)

Date Event
16/11/2022 Report (Prelim)
16/11/2022 Report (Annual)
16/05/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
01/06/2022 $0.015 0% $0.015 Interim 17/06/2022
01/12/2021 $0.035 0% $0.035 Final 17/12/2021
02/06/2021 $0.02 0% $0.02 Interim 18/06/2021
11/12/2020 $0.039 0% $0.039 Final 30/12/2020

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.05
Gross DPS(TTM) $0.05
Dividend yield
Gross yield
Payout Ratio 45%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Mr Gary W Mize Non-Executive Director Oct 2020

Mr Gary W Mize

Non-Executive Director

Mr Mize has over 36 years of experience managing commodity-based trading and processing businesses at the senior executive and board levels. He was previously the Global Chief Operating Officer of Noble Group Hong Kong, President of Conagra Foods Grain Processing Group, CEO Conagra Malt and President Cargill Worldwide Juice Group. Mr Mize has lived in Hong Kong, Sao Paulo and Geneva. Mr Mize is currently Lead Director of Darling Ingredients (a company listed on NYSE) (appointed in Feb 2021), an Independent Director of Gevo Inc (a company listed on NASDAQ) (since September 2011) and Ceres Global (a company listed on TSX) (since September 2013. Member of the Environment, Health and Safety Committee Member of the Nominations and Remuneration Committee.

Mr Terry Walter Williamson Non-Executive Director Mar 2020

Mr Terry Walter Williamson

Non-Executive Director

Mr Williamson has a background in financial reporting and risk management with prior roles as senior audit partner of Price Waterhouse, Chief Financial Officer Bankers Trust Australia, Member of the Global Controls Group Bankers Trust New York Group, Chair of Audit and Risk Committee Stockland Property Group, Avant Insurance and Member of the Audit Committee of the Reserve Bank of Australia and financial advisor to a number of not-for-profit organisations. Mr Williamson is currently a Director of Apollo Care Operations Pty Ltd and Apollo Care Pty Ltd (since August 2020), Member of the Building Estates Committee of the University of Sydney, and Finance Advisor to the Society of the Divine Word. Mr Williamson was previously a Director of Stockland Capital Partners and Stockland Direct Retail Trust No. 1 (April 2018 to September 2021). Mr Williamson has had no other public company directorships in the last three years.

Ms Barbara June Gibson Non-Executive Director Jan 2020

Ms Barbara June Gibson

Non-Executive Director

Ms Gibson has over 30 years of business experience at senior executive and board levels across the chemicals, health care, agriculture and manufacturing sectors. Ms Gibson is an experienced executive having spent 20 years with Orica Limited. Prior to this, she held positions in medical diagnostics, pharmaceuticals and fine chemicals. In 2003, Ms Gibson was awarded a Centenary of Federation Medal for services to Australian society in medical technology. She is a former director of GrainCorp Limited (March 2011 until March 2020), and Chair of Warakirri Asset Management Pty Ltd (July 2006 until December 2018)

Mr Graham John Bradley Non-Executive Chairman,Non-Executive Director Jan 2020

Mr Graham John Bradley

Non-Executive Chairman,Non-Executive Director

Mr Bradley has over 30 years of business, executive leadership and governance experience at senior executive and board levels across banking and financial services, manufacturing, infrastructure, resources, agribusiness and corporate strategy consulting. Mr Bradley has previously held the position of Managing Director of Perpetual and senior roles at Blake Dawson and McKinsey & Company. Mr Bradley is currently Chairman of Energy Australia Holdings (since June 2012), Virgin Australia International Holdings (since March 2012), Shine Justice Limited (since May 2020), Volt Corporation Ltd and Volt Bank Limited (Since June 2021). Mr Bradley is also a Director of Hongkong and Shanghai Banking Corporation (since November 2012), the Chairman of Infrastructure NSW (since July 2013), a member of the Advisory Council of the Australian School of Business at UNSW and was made a member of The Order of Australia in 2009. He is a former Chairman of GrainCorp (March 2017 until March 2020). Mr Bradley was the President of the Business Council of Australia and the Deputy President of the Takeovers Panel, among other notable roles

Ms Jane Frances McAloon Non-Executive Director Jan 2020

Ms Jane Frances McAloon

Non-Executive Director

Ms McAloon has over 30 years of business, government and regulatory experience at senior executive and board levels across the natural resources, energy and infrastructure sectors. In particular, she has experience in navigating complex ESG issues across multiple jurisdictions. Ms McAloon was an executive at BHP Billiton and AGL. Prior to this, she held positions in government in energy, rail and natural resources. Ms McAloon is currently a NonExecutive Director of Energy Australia (since December 2012), Home Consortium (since October 2019), Allianz Australia (since July 2020) and Newcrest Mining (since July 2021). She is also a board member of the Allens Advisory Board (since September 2019). She is a former director of Viva Energy (June 2018 to August 2021), Healthscope Limited (February 2016 to June 2019), Cogstate Limited (January 2017 to November 2019), Civil Aviation Safety Authority (December 2017 to December 2019), Port of Melbourne (February 2018 to February 2020) and GrainCorp (December 2019 to March 2020). Ms McAloon was also previously Chair of Defence Reserves Support Council and a Member of the Referendum Council on Constitutional Recognition for Aboriginal and Torres Strait Islander Peoples.

Mr Mark LeRoy Palmquist Chief Executive Officer,Managing Director Jan 2020

Mr Mark LeRoy Palmquist

Chief Executive Officer,Managing Director

Mr Palmquist has over 30 years experience in food processing and agricultural sectors and has held a number of senior leadership roles prior to commencing his role at United Malt. Mr Palmquist is focused on building a sustainable business aligned to meeting the needs of our customers in each of our markets, whilst ensuring strong governance, risk management and continued innovation. Prior to his role at United Malt, Mr Palmquist was the Managing Director and CEO of GrainCorp Limited from 2014 until 2020, which demerged its malt business that is now United Malt. Prior to this, he was Executive Vice President and Chief Operating Officer, Ag Business, for CHS Inc., a leading global agribusiness, diversified in energy, grains, and food. He has held a variety of global leadership roles for a broad range of CHS agricultural inputs and marketing areas, retail businesses, and grain based food and food ingredients operations. Mr Palmquist is currently a director of Telesense, Inc (September 2020) and is a former director of GrainCorp Limited (from October 2014 until March 2020).

Ms Lisa Jones Company Secretary N/A
Ms Erika Morgan Vice President, Human Resources N/A
Amy Spanik Chief Financial Officer N/A
Ms Nina Palludan Chief Information Officer N/A
Tiago Darocha Chief Operating Officer N/A
Mr Donald McBain Chief Strategy and Transformation Officer N/A
Bryan Bechard President, Warehouse & Distribution N/A

Director Transactions

UMG 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
21/02/22 Mark Palmquist Issued 295,208 $4.33 $1,278,250 Issue of securities
07/12/21 Graham Bradley Buy +20,000 $4.13 $82,600 On-market trade
02/12/21 Mark Palmquist Issued 47,081 $4.09 $192,561 Issue of securities
02/12/21 Gary Mize Buy +487 $4.109 $2,001 On-market trade
01/12/21 Graham Bradley Buy +4,904 $4.05 $19,861 On-market trade
25/11/21 Terry Williamson Buy +7,000 $4.27 $29,890 On-market trade
25/11/21 Mark Palmquist Expiry 280,543 $4.20 $1,178,280 As advised by the company
22/11/21 Graham Bradley Buy +10,096 $4.122 $41,615 On-market trade
22/11/21 Gary Mize Buy +12,700 $4.20 $53,340 On-market trade
18/11/21 Mark Palmquist Buy +55,749 $4.19 $233,588 Conversion of securities
18/11/21 Mark Palmquist Exercise 55,749 $4.19 $233,588 Conversion of securities
11/03/21 Mark Palmquist Issued 268,218 $4.00 $1,072,872 Issue of securities
25/02/21 Mark Palmquist Buy +10,000 $3.775 $37,750 On-market trade
24/02/21 Jane McAloon Buy +5,306 $3.802 $20,173 On-market trade
23/02/21 Terry Williamson Buy +10,000 $3.70 $37,000 On-market trade
23/02/21 Jane McAloon Buy +5,428 $3.733 $20,262 On-market trade
23/02/21 Graham Bradley Buy +20,000 $3.77 $75,400 On-market trade
19/02/21 Gary Mize Buy +16,496 $3.71 $61,200 On-market trade
19/01/21 Gary Mize Buy +800 $3.25 $2,600 On-market trade
07/01/21 Barbara Gibson Buy +5,000 $4.00 $19,998 On-market trade
31/12/20 Gary Mize Buy +400 $4.02 $1,608 On-market trade
22/12/20 Mark Palmquist Issued 111,497 $4.05 $451,562 Issue of securities
08/12/20 Terry Williamson Buy +5,000 $4.336 $21,679 On-market trade
01/09/20 Mark Palmquist Issued 576,610 $3.85 $2,219,948 Issue of securities
06/07/20 Jane McAloon Buy +6,038 $4.127 $24,918 On-market trade
01/07/20 Mark Palmquist Buy +17,615 $4.07 $71,693 On-market trade
29/06/20 Simon Tregoning Buy +7,895 $3.80 $30,001 Participation in share purchase plan
29/06/20 Barbara Gibson Buy +7,895 $3.80 $30,001 Participation in share purchase plan
29/06/20 Terry Williamson Buy +4,586 $3.80 $17,426 Participation in share purchase plan
29/06/20 Graham Bradley Buy +7,895 $3.80 $30,001 Participation in share purchase plan
29/05/20 Graham Bradley Buy +5,000 $4.018 $20,090 On-market trade
29/05/20 Mark Palmquist Buy +7,385 $4.07 $30,056 On-market trade
26/05/20 Terry Williamson Buy +10,000 $4.10 $41,000 On-market trade
26/05/20 Mark Palmquist Buy +50,000 $4.09 $204,500 On-market trade
22/05/20 Mark Palmquist Buy +50,000 $4.01 $200,487 On-market trade
21/05/20 Terry Williamson Buy +15,000 $4.07 $61,050 On-market trade
20/05/20 Simon Tregoning Buy +25,000 $4.032 $100,805 On-market trade
20/05/20 Graham Bradley Buy +10,000 $4.012 $40,120 On-market trade
01/04/20 Barbara Gibson Transfer 22,000 $4.53 $99,660 As advised by the company
01/04/20 Graham Bradley Transfer 58,500 $4.53 $265,005 As advised by the company
01/04/20 Graham Bradley Transfer 58,500 $4.53 $265,005 As advised by the company
01/04/20 Jane McAloon Transfer 6,038 $4.53 $27,352 As advised by the company
01/04/20 Mark Palmquist Transfer 302,000 $4.53 $1,368,060 As advised by the company
01/04/20 Mark Palmquist Transfer 302,000 $4.53 $1,368,060 As advised by the company
01/04/20 Simon Tregoning Transfer 40,000 $4.53 $181,200 As advised by the company
01/04/20 Terry Williamson Transfer 5,000 $4.53 $22,650 As advised by the company
01/04/20 Terry Williamson Transfer 5,000 $4.53 $22,650 As advised by the company

Director Interests

The current holdings of UMG directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Graham Bradley 07/12/2021 121,395 15,000 N/A N/A
Gary Mize 02/12/2021 30,883 N/A N/A N/A
Terry Williamson 25/11/2021 56,586 0 N/A N/A
Mark Palmquist 18/11/2021 493,222 0 N/A N/A
Jane McAloon 30/09/2021 N/A 22,810 N/A N/A
Barbara Gibson 30/09/2021 N/A 34,895 N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Nov 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
HSBC Custody Nominees (Australia) Limited 58,409,412 19.52%
J P Morgan Nominees Australia Pty Limited 49,027,840 16.39%
Citicorp Nominees Pty Limited 45,468,365 15.20%
National Nominees Limited 29,187,549 9.76%
Graincorp Limited 25,428,404 8.50%
Cs Third Nominees Pty Limited 8,632,408 2.89%
Citicorp Nominees Pty Limited I 4,799,487 1.60%
BNP Paribas Noms Pty Ltd 4,408,306 1.47%
BNP Paribas Nominees Pty Ltd 2,810,205 0.94%
First Samuel Ltd Acn 086243567 1,728,520 0.58%
Jarjums Holdings Pty Limited 1,700,000 0.57%
Mrs Ingrid Kaiser 1,133,976 0.38%
HSBC Custody Nominees (Australia) Limited-A/C 2 905,411 0.30%
Brispot Nominees Pty Ltd 863,780 0.29%
BNP Paribas Nominees Pty Ltd Six Sis Ltd 789,792 0.26%
BNP Paribas Nominees Pty Ltd I 541,596 0.18%
Mark Palmquist 437,473 0.15%
BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd 382,431 0.13%
BNP Paribas Nominees Pty Ltd II 275,000 0.09%
Verbena Bee Pty Ltd 266,848 0.09%

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 8,015 6,438 1,694 1,220 54 17,421

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 (%)
Ethical Partners Funds Management Pty Ltd 03/11/2021 17,141,967 6.74
GainCorp Limited 03/11/2021 25,428,404 8.50
L1 Capital Pty Ltd 17/02/2022 15,619,940 5.22
Dimensional Entities 13/12/2021 14,965,848 5.00
Tanarra Capital Australia Pty Ltd 05/04/2022 20,680,412 6.91

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
05-04-22 Tanarra Capital Australia Pty Ltd 4,408,028 5.44 6.91
17-02-22 L1 Capital Pty Ltd 15,619,940 -- 5.22
13-12-21 Dimensional Entities 14,965,848 -- 5.00
29-11-21 Tanarra Capital Australia Pty Ltd 16,272,384 -- 5.44
29-09-21 Retail Employees Superannuation Pty Limited 14,968,708 -- 5.00
16-09-21 L1 Capital Pty Ltd 17,140,310 -- 5.73

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
16-03-22 Challenger Limited 15,943,637 5.33 --
03-11-21 L1 Capital Pty Ltd 17,140,310 5.73 --
18-10-21 Greencape Capital Pty Ltd 15,323,637 5.12 --
05-10-21 Retail Employees Superannuation Pty Limited 14,968,708 5.00 --
12-08-21 Ellerston Capital Limited and its associates 18,298,557 6.12 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $4.48 30 June
2020 $4.11 30 June
UMG Historical Price Data (CSV)
Up to 20 years of EOD share price history
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