WT Financial Group Ltd (wtl) Logo

WT Financial Group Ltd (WTL)

___:___ · Financial Services
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WTL Chart

Snapshot

WTL's Principal Activity is the provision of financial planning, investment advice and product sales and licensing services and product offerings; provision of a range of services directly to wholesale and retail clients through the Spring Financial Group brand, encompassing financial planning, accounting & tax services, mortgage finance services, and investment and asset management.

Share Price Activity

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Bid / Ask -
Volume
Volume (4w avg)
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Day Range -
VWAP
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Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) +21.66%
vs ASX 200 (1yr) +20.34%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,587 of 2,420
Sector Rank 244 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies EFF / GOAT / GFL
EPS -$0.014
DPS $0.00
Book Value Per Share $0.04

Broker Consensus

WTL 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

WT Financial Group Limited (WTL, formerly Spring FG Limited) is a diversified financial services group offering financial planning and investment advice; wealth management; insurance and superannuation; finance; and tax and accounting services. Its advice and product offerings include a specialisation in self-managed superannuation funds (SMSFs); and residential real estate investment.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Sydney NSW 2000
Website www.wtfglimited.com
Registry BoardRoom
Auditor Rothsay Audit & Assurance Pty Ltd
Date Listed 9 Mar 2015

Upcoming Calendar (Forecasted)

Date Event
30/08/2022 Report (Prelim)
30/08/2022 Report (Annual)
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
Mr Michael Harrison Non-Executive Director Jul 2021

Mr Michael Harrison

Non-Executive Director

Mr Harrison was the non-executive chairman of Sentry Group Pty Ltd (Sentry Group), prior to its acquisition by WTL. Michael has understanding of advice practice management and has more than 30 years of mergers and acquisitions experience. He is executive chairman of Australia's financial services consulting firm, Peloton Partners, which he co-founded in 2012. Michael is also chairman of Mainstream Aquaculture Group - one of the breeders and suppliers of barramundi. Michael's career in financial service began with him co-founding Heraud Harrison, an advice firm which he built to become one of the Australia's independently owned advice businesses. In 2008, he navigated this business through a 14-way merger creating the ASX-listed Shadforth Financial Group. At Shadforth Michael became head of advice, a role in which he developed a national growth strategy for advisers, including sourcing and implementing third party acquisitions.

Mr Keith R Cullen Founder,Managing Director Apr 2014

Mr Keith R Cullen

Founder,Managing Director

Mr Cullen has 36 years' experience as a corporate executive and entrepreneur across the broadcast media, technology and financial services sectors. Keith conceived and implemented the strategy to pivot the group from its previous B2C focus to a primarily B2B focus through the acquisition of Wealth Today. He is Member of Risk Committee.

Mr Chris Kelesis Non-Executive Director Apr 2014

Mr Chris Kelesis

Non-Executive Director

Mr Kelesis has 15 years financial services experience as an equities trader and technical analyst and has held private and wholesale client adviser roles with Spring Equities, Ark Equities and the Rivkin Group. Chris has helped steer WTL with its transformation to a B2B focussed enterprise.

Mr Guy Hedley Non-Executive Chairman,Non-Executive Director Apr 2014

Mr Guy Hedley

Non-Executive Chairman,Non-Executive Director

Mr Hedley is a non-executive director and chairman of WTL and has a track record as a corporate executive in financial services. Guy spent 15 years as head of Macquarie Bank's global private banking unit and BNP Private Banking, is now chair at Stoic Asset Management and Atlas Advisors Australia. He is Member of Risk Committee.

Mr Ian Henry Morgan Company Secretary N/A
Jack Standing Group Head of Advice N/A
Ricton Jones Group Head of Finance N/A
David Newman Joint-Chief Operating Officer N/A
Frank Paul Joint-Chief Operating Officer N/A

Director Transactions

WTL 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
12/05/22 Keith Cullen Buy +22,000 $0.09 $1,980 On-market trade
21/03/22 Keith Cullen Buy +40,000 $0.10 $4,000 On-market trade
21/03/22 Keith Cullen Transfer 20,470,434 $0.10 $2,047,043 Off-market transfer
21/03/22 Keith Cullen Transfer 20,470,434 $0.10 $2,047,043 Off-market transfer
16/03/22 Guy Hedley Buy +172,158 $0.10 $17,215 On-market trade
15/03/22 Guy Hedley Buy +200,000 $0.10 $20,000 On-market trade
15/03/22 Guy Hedley Transfer 240,000 $0.10 $24,000 Off-market transfer
15/03/22 Guy Hedley Transfer 240,000 $0.083 $20,000 Off-market transfer
08/07/21 Chris Kelesis Buy +510,000 $0.07 $35,700 On-market trade
04/11/19 Guy Hedley Buy +240,000 $0.05 $12,000 Participation in share purchase plan
04/11/19 Keith Cullen Buy +600,000 $0.05 $30,000 Participation in share purchase plan
04/11/19 Chris Kelesis Buy +600,000 $0.05 $30,000 Participation in share purchase plan

Director Interests

The current holdings of WTL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Keith Cullen 12/05/2022 0 35,422,010 N/A N/A
Guy Hedley 16/03/2022 372,691 627,309 N/A N/A
Michael Harrison 20/07/2021 N/A 16,594,666 N/A N/A
Chris Kelesis 08/07/2021 N/A 21,938,646 N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Aug 27, 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
J P Morgan Nominees Australia Pty Limited (Somers Limited) 45,333,333 16.16%
KRC Investments Pty Ltd (Mr Keith Cullen) 35,371,540 12.61%
C A K Investments Pty Ltd, and related entities (Mr Chris Kelesis) 21,938,646 7.82%
IFM Pty Limited <IFM Super Fund A/C> (consolidated holdings) 20,323,597 7.25%
Apostman Superannuation Pty Ltd, Apostman Holdings Pty Ltd (Mr David Newman) 18,405,334 6.56%
National Nominees Limited (Micro Cap Activist Fund) 16,581,000 5.91%
Portfolio Services Pty Ltd (Ariadne Australia Limited) (consolidated Holdings) 15,564,308 5.55%
Lead Out Train Pty Ltd (Mr Michael Harrison and Mr Robert Jones) 14,774,666 5.27%
Parkwater Group Pty Ltd 8,222,667 2.93%
DAM Enterprise Services Pty Ltd 7,200,000 2.57%
Bannaby Investments Limited <Bannaby Super Fund A/C> 6,681,709 2.38%
Glennon Small Companies Limited 6,666,667 2.38%
Mr Mitchell Ansiewicz 5,099,791 1.82%
Paul SMSF Pty Ltd, Paul Biz Holdings Pty Ltd, PFTWO Pty Ltd (Mr Frank Paul) 4,323,844 1.54%
Julory Pty Ltd <The Julory A/C)> 3,840,347 1.37%
Mr Angelo & Mrs Vaso Kelesis <A & V Kelesis Super Fund A/C> 3,754,109 1.34%
Ian Joye Super Fund Pty Ltd 3,021,560 1.08%
Gailforce Marketing & PR Pty Ltd <Hale Agency S/F A/C> (consolidated holdings) 2,620,190 0.93%
Dirdot Pty Limited <Griffith Super Fund A/C> 2,113,465 0.75%
Michael Harrison <The Harrison Family S/F A/C> 1,820,000 0.65%
Robert Jones <The R & J Super Fund A/C> 1,820,000 0.65%

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 10 36 145 156 97 444

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 (%)
National Nominees Limited 27/08/2021 16,581,000 5.91
Lead Out Train Pty Ltd 27/08/2021 14,774,666 5.27
IFM Pty Limited 27/08/2021 20,323,597 7.25
J P Morgan Nominees Australia Limited 27/08/2021 45,333,333 16.16
Apostman Superannuation Pty Ltd 27/08/2021 18,405,334 6.56
Christos Kelesis 27/08/2021 21,938,646 7.82
KRC Investments Pty Ltd 27/08/2021 35,371,540 12.61
Keith Robert Cullen 21/03/2022 35,400,010 11.03
Equity Trustees Limited 27/10/2021 14,918,000 5.32
Portfolio Services Pty Limited 16/03/2022 20,564,308 6.40
Somers Limited 16/03/2022 62,833,333 19.57

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
21-03-22 Keith Robert Cullen 40,000 12.61 11.03
16-03-22 Somers Limited 17,500,000 16.16 19.57
16-03-22 Portfolio Services Pty Limited 13,391,666 5.03 6.40
20-07-21 IFM Pty Limited 4,333,333 5.02 6.80
19-07-21 Lead Out Train Pty Ltd 16,594,666 -- 5.92
19-07-21 Apostman Superannuation Pty Ltd 18,405,334 -- 6.57
19-07-21 Somers Limited 45,333,333 -- 16.16

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
27-10-21 Equity Trustees Limited 2,841,000 6.33 5.32
20-07-21 Equity Trustees Limited 737,636 11.06 6.33

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.064 30 June
2020 $0.029 30 June
WTL Historical Price Data (CSV)
Up to 20 years of EOD share price history
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