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Mighty Kingdom Ltd
(Sydney:MKL)
Mighty Kingdom Ltd (MKL) vs. iShares MSCI Australia ETF (EWA)
Mighty Kingdom Ltd Business Overview & Revenue Model
Mighty Kingdom Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.91M | 5.10M | 6.93M | 4.90M | 3.28M | 2.54M |
| Gross Profit | -2.12M | 4.38M | -9.44M | -10.29M | -5.81M | -3.06M |
| EBITDA | -6.05M | -6.33M | -8.24M | -10.14M | -6.76M | -3.92M |
| Net Income | -6.65M | -6.99M | -9.09M | -10.86M | -7.15M | -3.59M |
Balance Sheet | ||||||
| Total Assets | 4.42M | 6.56M | 8.51M | 11.38M | 19.06M | 3.34M |
| Cash, Cash Equivalents and Short-Term Investments | 275.86K | 3.37M | 301.79K | 3.75M | 13.55M | 81.66K |
| Total Debt | 325.00K | 0.00 | 264.94K | 693.24K | 1.48M | 961.41K |
| Total Liabilities | 3.18M | 3.63M | 5.26M | 6.09M | 7.16M | 6.54M |
| Stockholders Equity | 1.23M | 2.93M | 3.25M | 5.29M | 11.90M | -3.19M |
Cash Flow | ||||||
| Free Cash Flow | -7.84M | -5.62M | -7.38M | -13.43M | -6.28M | -1.34M |
| Operating Cash Flow | -7.82M | -5.60M | -7.36M | -12.71M | -6.07M | -1.23M |
| Investing Cash Flow | 51.89K | 92.90K | -21.54K | -716.56K | -214.09K | -110.16K |
| Financing Cash Flow | 7.48M | 8.58M | 3.93M | 3.63M | 19.88M | 1.04M |
Mighty Kingdom Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$82.11M | 8.30 | -6.30% | ― | -2.09% | -139.13% | |
61 Neutral | $41.26B | -0.79 | -14.19% | 3.78% | 2.39% | -73.52% | |
57 Neutral | AU$20.49M | 53.33 | 0.58% | ― | -2.82% | ― | |
48 Neutral | AU$12.56M | ― | -26.35% | ― | 5.54% | -3.85% | |
44 Neutral | AU$8.97M | ― | -0.70% | ― | -7.44% | 97.44% | |
42 Neutral | AU$12.57M | ― | -35.22% | ― | -9.05% | 60.00% | |
38 Underperform | AU$14.67M | ― | -1089.14% | ― | -52.01% | 68.75% |
Mighty Kingdom Ltd Corporate Events
Mighty Kingdom Ltd has experienced a significant change in the interests of its substantial holder, Gamestar Studios Pty Ltd, Yeend Superannuation Pty Ltd, Imagination Entertainment Pty Ltd, and Shane Yeend’s other controlled entities. The voting power of these entities has decreased from 13.69% to 0.17% due to a series of on-market purchases and sales of shares by Imagination Entertainment Pty Ltd. This change in voting power reflects a strategic adjustment in the shareholding structure, which could impact the company’s governance and decision-making processes.
Mighty Kingdom Ltd has issued a supplementary prospectus to provide additional information for its non-renounceable accelerated institutional and retail entitlement offer. This offer aims to raise approximately $1,080,317 by issuing one share for every share held by eligible shareholders at a price of $0.005 per share. This move is intended to strengthen the company’s financial position and potentially enhance its market presence.
Mighty Kingdom Ltd has announced a non-renounceable accelerated institutional and retail entitlement issue, offering one share for every share held by eligible shareholders at a price of $0.005 per share. This initiative aims to raise approximately $1,080,317, with the distribution of the prospectus and offer of shares being restricted outside Australia. The shares offered are considered speculative, and the company advises potential investors to consult professional advisers.
Mighty Kingdom Limited announced a capital-raising initiative through an institutional placement and an accelerated non-renounceable entitlement offer, aiming to raise approximately $1.35 million. The offer is available to eligible institutional and retail shareholders in Australia, with a share price set at $0.005. However, shareholders outside Australia or those not meeting specific eligibility criteria will not be able to participate. This move is expected to strengthen the company’s financial position and support its operational growth, although it limits participation to domestic stakeholders.
Mighty Kingdom Limited has announced a 1 for 1 accelerated non-renounceable pro-rata entitlement offer for its eligible retail shareholders, allowing them to purchase shares at $0.005 each. This offer, alongside a placement to institutional investors, aims to raise up to $1.35 million, with $530,000 already secured from the placement. The Retail Entitlements Offer is expected to raise an additional $820,000, providing retail shareholders the same investment terms as institutional investors.
Mighty Kingdom Limited has announced the opening of its Retail Entitlements Offer, allowing eligible retail shareholders in Australia to participate as of April 10, 2025. This move is part of the company’s strategy to engage its shareholders and potentially strengthen its financial position, impacting its operations and market presence positively.
Mighty Kingdom Ltd announced the application for quotation of 105,987,144 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 15, 2025. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its market presence and operational capabilities, potentially impacting its stakeholders by increasing liquidity and investment opportunities.
Mighty Kingdom Ltd has experienced a change in the interests of its substantial holder, with the Yeend Group, including entities like Gamestar Studios and Imagination Entertainment, increasing their voting power from 13.05% to 13.69%. This change reflects a series of on-market purchases by Imagination Entertainment, indicating a strategic move to strengthen their influence within the company. The increased stake could potentially impact the company’s strategic direction and decision-making processes, affecting stakeholders and possibly altering the company’s position in the competitive gaming industry.
Mighty Kingdom Limited has successfully completed the institutional component of its entitlement offer, raising approximately $260,000 at $0.005 per share. Additionally, the company secured binding commitments for a placement raising about $270,000 at the same price per share. This financial maneuver is part of a broader strategy to strengthen its market position and provide equal ranking to new shares with existing ordinary shares. The retail entitlement offer will follow, inviting eligible retail shareholders to participate under similar terms, potentially impacting shareholder value and market dynamics.
Mighty Kingdom Ltd has announced a proposed issue of securities, including an accelerated non-renounceable entitlement offer and a placement. The company plans to issue a total of 270,078,291 ordinary fully paid securities, with 216,063,408 for the accelerated offer and 54,014,883 for the placement. This strategic move is expected to enhance the company’s financial position, potentially impacting its market standing and offering growth opportunities for stakeholders.
Mighty Kingdom Ltd has announced a non-renounceable accelerated institutional and retail entitlement issue, offering one share for every share held by eligible shareholders at $0.005 per share. This initiative aims to raise approximately $1,080,317, with the distribution of the prospectus restricted outside Australia, highlighting the speculative nature of the shares offered.
Mighty Kingdom Limited has announced a capital raising initiative aimed at strengthening its balance sheet and funding growth initiatives. The company plans to raise approximately $3.35 million through an accelerated non-renounceable entitlement offer and two placements, with new shares priced at $0.005 each. This move is expected to increase the company’s issued capital by about 310%, and the funds will be used for operational initiatives and general working capital. The capital raising is anticipated to receive strong support from existing major shareholders, enhancing the company’s institutional and retail shareholder base.
Mighty Kingdom Limited has requested a trading halt on its securities as it finalizes an institutional placement and pro rata accelerated non-renounceable entitlement offer. This move is expected to impact the company’s financial strategy and market positioning, with trading to resume on April 10, 2025.
Mighty Kingdom Ltd has seen a change in the interests of its substantial holder, the Yeend Group, which includes Gamestar Studios Pty Ltd, Yeend Superannuation Pty Ltd, and Imagination Entertainment Pty Ltd. The Yeend Group has increased its voting power from 10.78% to 13.05% through a series of on-market purchases. This increase in voting power suggests a strategic move by the Yeend Group to strengthen its influence within Mighty Kingdom Ltd, potentially impacting the company’s future decisions and stakeholder dynamics.
Mighty Kingdom Ltd has seen a change in the interests of its substantial holder, with the Yeend Group, including entities like Gamestar Studios and Imagination Entertainment, increasing their voting power from 7.26% to 8.94%. This change is a result of multiple on-market purchases by Imagination Entertainment, reflecting a strategic move to strengthen their influence within the company. The increased stake could impact Mighty Kingdom’s strategic decisions and market positioning, potentially affecting stakeholders and the company’s future direction.
Mighty Kingdom Limited has released its financial statements for the half-year ending December 31, 2024. This announcement provides insights into the company’s financial performance, highlighting its strategic initiatives and operational adjustments. The release of these financial results is crucial for stakeholders as it reflects the company’s current market positioning and potential future growth opportunities.
Mighty Kingdom Ltd announced the cancellation of a previous securities issuance announcement due to the repayment of a debt facility without the lender opting for repayment via ordinary shares. This decision reflects a strategic financial management move, potentially impacting the company’s capital structure and signaling fiscal stability to stakeholders.
Mighty Kingdom Limited has completed a management review process, resulting in annual cost reductions of approximately $2.5 million through staffing and expense cuts. These changes have not impacted its ability to fulfill current contracts, particularly with East Side Games Group Inc., and the company is poised to drive revenue while monitoring sustainability and exploring new initiatives.
Mighty Kingdom Limited announced that there has been no change in the director Duncan Gordon’s interests in securities, maintaining his indirect interest in 2,444,445 ordinary fully paid shares and 3,333,333 unlisted options. Additionally, the company disclosed the repayment of a $50,000 AUD debt facility, with a total net repayment amounting to $60,000 AUD, marking a step towards improving financial stability.
Mighty Kingdom Ltd announced that it has fully repaid its debt facility, which was partially drawn down to $678,000, using rebates received from R&D and digital government incentives. This repayment may enhance the company’s financial position and could positively influence its standing with investors and stakeholders by demonstrating fiscal responsibility and efficient use of government support.