EstarOnline Ltd

[percy]

Leadership Transition at eStar : Introducing Our New CEO



19 May 2023


The Board of Directors is pleased to announce the promotion of Matthew Brovelli, our current Chief Delivery Officer, to the role of Chief Executive Officer. Matthew has been a vital member of eStar for the past 3.5 years, making substantial contributions to our ongoing success.


Matthew's deep understanding of our operations, strategic acumen, and extensive global experience uniquely position him to steer eStar through our current growth trajectory, particularly as we continue to grow our new product, Viare. Matthew will be instrumental in leveraging retained earnings to drive the expansion of the Viare business.


We would like to extend our sincere gratitude to Stuart Nattrass for his dedicated service and leadership as interim CEO. Stuart's guidance has been invaluable in reaching significant milestones and establishing a solid foundation for future growth. We are pleased to share that Stuart will continue to serve on our Board of Directors, providing his strategic counsel and rich insights.


As we navigate this exciting new chapter under Matthew's leadership, we reaffirm our commitment to driving growth, fostering innovation, and creating value for our shareholders. We are confident that Matthew's leadership will effectively steer us towards our strategic goals.

We appreciate your ongoing support and look forward to sharing progress in the coming months.


Best Regards,
Picture1-1

Al Monro

Chairman EstarOnline Limited

Stuart Nattrass has done an excellent job getting Estar back on track.

[percy]

Introduction of New Board Member, Eric Morris


21 December 2023


Dear Shareholder,



I am pleased to announce the addition of an industry leader, Eric Morris, to the eStar Board.


Eric brings to the board an impressive background and a wealth of experience spanning retail, wholesale, licensing, marketing, and product development. With over thirty-five years of industry expertise, he has been instrumental in driving the growth and success of retail businesses.



Based in Melbourne, Eric founded The PAS Group and, under his leadership, successfully guided the organisation to an ASX listing in 2014—an achievement that speaks volumes about his strategic vision and leadership. Post the merger of The PAS Group and Brand Collective in March 2022, Eric assumed the role of CEO for the combined group, showcasing his ability to lead transformational growth by leveraging his extensive expertise.



In July 2023, Eric stood down as the CEO to embark on the next chapter of his career and is focusing on non-executive and advisory roles while continuing to serve as an advisor on a number of other boards.



In response to his appointment, Eric shared his thoughts on joining the eStar Board, saying, "I am delighted to be part of the eStar family and excited about the opportunities that lie ahead. eStar has established itself as a key player in the digital commerce industry, and I am eager to contribute to its growth and success. As we navigate this ever-evolving landscape, I am committed to leveraging my experience to help eStar achieve its strategic objectives."



We are confident that Eric’s diverse skill set, leadership capabilities, and retail strategic insights will be invaluable to eStar. His addition to our board comes at a crucial time, and we believe his expertise will contribute significantly to the continued success and growth of eStar especially in the ever-important Australian market.



Please join me in welcoming Eric to the eStar family. We look forward to benefiting from his guidance and leadership as we work together to achieve our goals.



I would like to take this opportunity to wish you and your family a safe and festive season ahead and to thank the eStar team and shareholders for your continued support.



Best Regards,


Al Monro

Chairman EstarOnline Limited

[stoploss]

Share buyback 1/6 @ 5 cents .
Thoughts ? Personally I think they are worth more .

[percy]

Share buyback 1/6 @ 5 cents .
Thoughts ? Personally I think they are worth more .

I will not be accepting the offer for the wife's or my own shares.
Yet I think the buy back is the best use of their funds.
At 10 or 12 cents I may have have thought about it.
But then again I would most probably have thought the shares were worth 20 cents plus.??

[Yottie]

Interesting.
It was only last week that I got in touch with estar
Word was that no share sales since March 2023.
Lots of sellers waiting. Lots.
At 5 cents offer, I'll be hanging on. Agree with s/loss and P that the B.back is undervalued.
By at a minimum 50%.
estar has been making money for the past few years; just not letting the s/holders have any.
Holder since may 2013.

rgds

Yottie

[stoploss]

The lowest seller they have listed on their page is @ 7.5 cents .
Be interesting to see if they get any .

[Yottie]

Well, the buyback was due to complete as of the 7th June.

So far, nothing heard ...

I wonder as to the outcome. Perhaps a call to CHC this week to see ...

rgds

Yottie

[percy]

Well, the buyback was due to complete as of the 7th June.

So far, nothing heard ...

I wonder as to the outcome. Perhaps a call to CHC this week to see ...

rgds

Yottie

Money was in our bank a/c on 7th June.

[SCOTTY]

Share buyback 1/6 @ 5 cents .
Thoughts ? Personally I think they are worth more .

Hi Stoploss
I was happy to accept the buy back as in reality it was a tax free dividend of .5cps which = about .8c gross.
My only reservation was that it wasn’t compulsory so that all shareholders kept their proprietorship ratio. I think that most people will have accepted the offer so should work out well anyway.
The business is certainly doing well and the future looks bright.

[percy]

Full Year March 2024 Management Accounts


08 May 2024



Dear Shareholder,



A quick update for you as we now have full year March 2024 management accounts finalised.



We had another strong year with revenue at $11.3m, 15% ahead of last year and 3% up on forecast. This resulted in an EBIT of $1.2m, 107% up on last year and 35% ahead of forecast.



Operating costs were 12% up on last year, following a 15% increase in the previous year. These increases were largely in people and infrastructure costs, but inflation has had an impact on all areas of the business.



Our recurring revenue dropped back as a percentage of overall revenue to 47% (from 54% last year) primarily due to an increase in services revenue combined with grant revenue received this year.



Net operating cashflow was just over $1m for the year, compared to $250k last year.



For the 2025 financial year, we are forecasting continued growth, targeting revenue of $12m, and a slightly lower percentage EBITDA as we continue to invest in product.



We have made excellent progress on the building out of the Viare Order Management System and have closed our first Viare-only sales. Our product investments are split between continuing to invest in our eCommerce offering to ensure we remain relevant to those customers by providing them with continued new functionality, and investment in Viare where we have a particularly strong value proposition.





For the latest news and updates please visit our eStar and Viare websites.





Best Regards,

Picture1-1
Al Monro

Chairman EstarOnline Limited

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eStar, Level 3, DMC House, 534 Colombo St, Christchurch 8011, New Zealand, 0800 151 655
eStar, Level 19, 15 William Street, Melbourne, VIC 3000, Australia, 1800 503 891

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