GTH
Gathid LTD
ASX
Long Term Suspended Entities
Sentiment:
Market Announcement Long Term Suspended Entities
10 July 2024 2:15 AM
ASX provides an update on entities suspended for more than three months, outlining deadlines for report lodgement and resumption of trading, with potential removal from the official list for non-compliance.
Worse than expected
The document indicates that numerous companies have failed to meet their reporting obligations, which is worse than expected for market compliance.
Delay expected
The document lists numerous companies that have delayed lodging required periodic reports.
Summary
- This announcement from the ASX details companies that have been suspended from trading for over three months.
- It outlines the specific reports each company has failed to lodge, as required by Listing Rule 17.5.
- The announcement provides two key deadlines for each entity: a one-year deadline to lodge the oldest outstanding periodic report and a two-year deadline to execute plans for trading to resume.
- Failure to meet these deadlines will result in removal from the official ASX list, typically effective the first trading day after the deadline.
- ASX may grant short extensions in limited circumstances, but the table provided is system-generated and may not reflect these extensions.
- The dates provided are subject to change without notice, and companies may be removed earlier than the stated deadlines.
Sentiment
Score: 3
Explanation: The document highlights non-compliance and potential delisting, creating a negative outlook for the affected companies and a neutral stance for the exchange.
Negatives
- Numerous companies are non-compliant with ASX listing rules regarding periodic reporting.
- Many companies face potential removal from the ASX official list if they do not meet upcoming deadlines.
Risks
- Companies listed may be removed from the ASX if they fail to meet the deadlines for lodging reports and resuming trading.
- The dates provided are subject to change without notice, potentially shortening the time available for companies to comply.
Future Outlook
Entities must lodge outstanding reports and execute plans for resumption of trading to avoid removal from the ASX official list.
Industry Context
This announcement reflects the ASX's ongoing efforts to maintain compliance and transparency among listed entities, ensuring investor confidence and market integrity. Similar regulatory bodies globally, such as the SEC in the United States or the FCA in the United Kingdom, have similar requirements for listed companies to maintain their listing status.
Comparison to Industry Standards
- ASX's approach to suspended entities aligns with global exchange practices, such as those of the NYSE or LSE, which also have mechanisms for delisting companies that fail to meet reporting and operational standards.
- The specific deadlines and reporting requirements are tailored to the Australian market but are broadly consistent with international norms for maintaining market integrity.
- For example, companies like Luckin Coffee (LKNCY) were delisted from NASDAQ for similar reasons of non-compliance and misrepresentation, highlighting the importance of adhering to exchange rules.
Stakeholder Impact
- Shareholders of the listed companies face the risk of delisting and potential loss of investment.
- Employees of the listed companies may experience job insecurity due to the financial instability implied by the suspension.
- Customers and suppliers of these companies may face disruptions in service or supply chains.
- Creditors face increased risk of non-payment from these financially distressed entities.
Next Steps
- The listed entities must lodge their outstanding reports by the specified deadlines.
- The listed entities must execute plans for resumption of trading to the ASXs satisfaction.
- ASX will monitor compliance and potentially remove non-compliant entities from the official list.
Key Dates
- 31 July 2023: Due date for A1 INVESTMENTS RESOURCES LTD Fourth Quarter Activities Report and Cashflow Report, M8 SUSTAINABLE LIMITED Fourth Quarter Activities Report and Cashflow Report, TEN SIXTY FOUR LIMITED Fourth Quarter Activities Report and VIP GLOVES LTD Fourth Quarter Activities Report and Cashflow Report
- 17 August: Due date for Amani Gold Limited report
- 31 August 2023: Due date for CFOAM LIMITED Preliminary Final Report and MEC RESOURCES LIMITED Preliminary Final Report and STORY-I LIMITED Preliminary Final Report
- 29 September 2023: Due date for CATALANO SEAFOOD LTD Full Year Accounts, KALIUM LAKES LIMITED Full Year Accounts, NAVARRE MINERALS LIMITED Full Year Accounts, REWARDLE HOLDINGS LIMITED Full Year Accounts, STORY-I LIMITED Full Year Accounts, THOMSON RESOURCES LIMITED Full Year Accounts, TOMBOLA GOLD LTD Full Year Accounts
- 31 October 2023: Due date for A1 INVESTMENTS RESOURCES LTD Annual Report, CATALANO SEAFOOD LTD Annual Report, KALIUM LAKES LIMITED Annual Report, LAWFINANCE LIMITED Third Quarter Activities Report, HALO FOOD CO. LIMITED Second Quarter Activities Report and Cashflow Report, M8 SUSTAINABLE LIMITED Annual Report, NAVARRE MINERALS LIMITED Annual Report, REWARDLE HOLDINGS LIMITED Annual Report, STORY-I LIMITED Annual Report, TEN SIXTY FOUR LIMITED Annual Report, THOMSON RESOURCES LIMITED Annual Report, TOMBOLA GOLD LTD Annual Report, VIP GLOVES LTD Annual Report, XTC LITHIUM LIMITED First Quarter Cashflow Report
- 31 January 2024: Due date for ARMOUR ENERGY LIMITED Second Quarter Activities Report and Cashflow Report, ELMORE LTD Second Quarter Activities Report and Cashflow Report, EPSILON HEALTHCARE LIMITED Fourth Quarter Activities Report and Cashflow Report, LIVETILES LIMITED Second Quarter Activities Report and Cashflow Report, VDM GROUP LIMITED Second Quarter Activities Report and Cashflow Report, XTC LITHIUM LIMITED Second Quarter Cashflow Report
- 29 February 2024: Due date for BOD SCIENCE LIMITED Half Year Accounts and Half Yearly Report, DOMACOM LIMITED Half Year Accounts and Half Yearly Report, K-TIG LIMITED Half Year Accounts and Half Yearly Report, KADDY LIMITED Half Year Accounts and Half Yearly Report, LAWFINANCE LIMITED Preliminary Final Report, MY FOODIE BOX LIMITED Half Year Accounts and Half Yearly Report, MY REWARDS INTERNATIONAL LIMITED Half Year Accounts and Half Yearly Report, NAVARRE MINERALS LIMITED Half Year Accounts, NUHEARA LIMITED Half Year Accounts and Half Yearly Report, PANORAMIC RESOURCES LIMITED Half Year Accounts and Half Yearly Report, PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED Preliminary Final Report, PURIFLOH LIMITED Half Year Accounts and Half Yearly Report, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD Preliminary Final Report, TEN SIXTY FOUR LIMITED Half Year Accounts, VICTOR GROUP HOLDINGS LIMITED Half Year Accounts and Half Yearly Report
- 1 March 2024: Due date for REVASUM INC. Preliminary Final Report
- 15 March 2024: Due date for ARMOUR ENERGY LIMITED Half Year Accounts, ASAPLUS RESOURCES LIMITED Half Year Accounts, ELMORE LTD Half Year Accounts, GALENA MINING LIMITED Half Year Accounts, KALIUM LAKES LIMITED Half Year Accounts, LAKES BLUE ENERGY NL Half Year Accounts, NAVARRE MINERALS LIMITED Half Year Accounts, THOMSON RESOURCES LIMITED Half Year Accounts, TOMBOLA GOLD LTD Half Year Accounts, VDM GROUP LIMITED Half Year Accounts, XTC LITHIUM LIMITED Half Year Accounts
- 28 March 2024: Due date for LAWFINANCE LIMITED Full Year Accounts, NIGHTINGALE INTELLIGENT SYSTEMS INC Full Year Accounts, PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED Full Year Accounts, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD Full Year Accounts
- 30 April 2024: Due date for EPSILON HEALTHCARE LIMITED Annual Report, LAWFINANCE LIMITED Annual Report, NIGHTINGALE INTELLIGENT SYSTEMS INC Annual Report, PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED Annual Report, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD Annual Report, TEN SIXTY FOUR LIMITED Third Quarter Activities Report, XTC LITHIUM LIMITED Third Quarter Cashflow Report, ENTYR LIMITED Third Quarter Activities Report and Cashflow Report, KADDY LIMITED Third Quarter Activities Report, PANORAMIC RESOURCES LIMITED Third Quarter Activities Report
- 31 July 2024: One year deadline for A1 INVESTMENTS RESOURCES LTD to lodge outstanding reports, M8 SUSTAINABLE LIMITED to lodge outstanding reports, TEN SIXTY FOUR LIMITED to lodge outstanding reports, VIP GLOVES LTD to lodge outstanding reports
- 1 August: Two year deadline for A1 INVESTMENTS RESOURCES LTD to execute plans for trading in its securities to resume
- 5 February: Two year deadline for ADVANCED HEALTH INTELLIGENCE LTD to execute plans for trading in its securities to resume
- 23 February: Two year deadline for ALLEGRA MEDICAL TECHNOLOGIES LIMITED to execute plans for trading in its securities to resume
- 17 August: Two year deadline for AMANI GOLD LIMITED to execute plans for trading in its securities to resume
- 1 November: Two year deadline for ARMOUR ENERGY LIMITED to execute plans for trading in its securities to resume, ASAPLUS RESOURCES LIMITED to execute plans for trading in its securities to resume, BOD SCIENCE LIMITED to execute plans for trading in its securities to resume
- 2 October: Two year deadline for ASSETOWL LIMITED to execute plans for trading in its securities to resume, CATALANO SEAFOOD LTD to execute plans for trading in its securities to resume, ELMORE LTD to execute plans for trading in its securities to resume, MY FOODIE BOX LIMITED to execute plans for trading in its securities to resume, MY REWARDS INTERNATIONAL LIMITED to execute plans for trading in its securities to resume, XTC LITHIUM LIMITED to execute plans for trading in its securities to resume, LAKES BLUE ENERGY NL to execute plans for trading in its securities to resume, REWARDLE HOLDINGS LIMITED to execute plans for trading in its securities to resume
- 9 March: Two year deadline for ATRUM COAL LIMITED to execute plans for trading in its securities to resume
- 1 March: Two year deadline for AUDIO PIXELS HOLDINGS LIMITED to execute plans for trading in its securities to resume, KEYBRIDGE CAPITAL LIMITED to execute plans for trading in its securities to resume, LAND HOMES GROUP LIMITED to execute plans for trading in its securities to resume, NUHEARA LIMITED to execute plans for trading in its securities to resume, VICTOR GROUP HOLDINGS LIMITED to execute plans for trading in its securities to resume
- 31 August: Two year deadline for AUSCANN GROUP HOLDINGS LTD to execute plans for trading in its securities to resume, DOMINION MINERALS LIMITED to execute plans for trading in its securities to resume
- 5 September: Two year deadline for AUSTRAL RESOURCES AUSTRALIA LTD to execute plans for trading in its securities to resume
- 11 October: Two year deadline for CANDY CLUB HOLDINGS LIMITED to execute plans for trading in its securities to resume, TOMBADOR IRON LIMITED to execute plans for trading in its securities to resume
- 9 January: Two year deadline for CFOAM LIMITED to execute plans for trading in its securities to resume, ICON ENERGY LIMITED to execute plans for trading in its securities to resume
- 27 July 2024: Two year deadline for CONNECTED IO LIMITED to execute plans for trading in its securities to resume
- 12 December: Two year deadline for COPPER STRIKE LIMITED to execute plans for trading in its securities to resume, NEW ZEALAND COASTAL SEAFOODS LIMITED to execute plans for trading in its securities to resume
- 12 February: Two year deadline for CREDIT INTELLIGENCE LTD to execute plans for trading in its securities to resume, DOMACOM LIMITED to execute plans for trading in its securities to resume
- 3 April 2025: Two year deadline for DANAKALI LIMITED to execute plans for trading in its securities to resume
- 2 August: Two year deadline for DESIGN MILK CO LIMITED to execute plans for trading in its securities to resume
- 23 January: Two year deadline for DMC MINING LIMITED to execute plans for trading in its securities to resume
- 26 March: Two year deadline for ENTYR LIMITED to execute plans for trading in its securities to resume
- 16 March: Two year deadline for EQUUS MINING LIMITED to execute plans for trading in its securities to resume
- 11 January: Two year deadline for GALENA MINING LIMITED to execute plans for trading in its securities to resume
- 1 September: Two year deadline for GAS2GRID LIMITED to execute plans for trading in its securities to resume
- 4 January: Two year deadline for GATHID LTD to execute plans for trading in its securities to resume
- 25 August: Two year deadline for HALO FOOD CO. LIMITED to execute plans for trading in its securities to resume
- 28 August: Two year deadline for HEALTH AND PLANT PROTEIN GROUP LIMITED to execute plans for trading in its securities to resume
- 27 January: Two year deadline for K-TIG LIMITED to execute plans for trading in its securities to resume
- 28 February: Two year deadline for KADDY LIMITED to execute plans for trading in its securities to resume
- 6 June 2025: Two year deadline for KALIUM LAKES LIMITED to execute plans for trading in its securities to resume
- 27 April: Two year deadline for LAWFINANCE LIMITED to execute plans for trading in its securities to resume
- 19 September: Two year deadline for LEO LITHIUM LIMITED to execute plans for trading in its securities to resume
- 14 February: Two year deadline for LION ONE METALS LIMITED to execute plans for trading in its securities to resume
- 7 December: Two year deadline for LIVETILES LIMITED to execute plans for trading in its securities to resume
- 10 February: Two year deadline for M8 SUSTAINABLE LIMITED to execute plans for trading in its securities to resume
- 8 December: Two year deadline for MAGNIS ENERGY TECHNOLOGIES LTD to execute plans for trading in its securities to resume
- 17 January: Two year deadline for MEC RESOURCES LIMITED to execute plans for trading in its securities to resume
- 27 February: Two year deadline for MEDLAB CLINICAL LIMITED to execute plans for trading in its securities to resume
- 14 June: Two year deadline for NAVARRE MINERALS LIMITED to execute plans for trading in its securities to resume
- 26 February: Two year deadline for NETLINKZ LIMITED to execute plans for trading in its securities to resume
- 2 April 2026: Two year deadline for NIGHTINGALE INTELLIGENT SYSTEMS INC to execute plans for trading in its securities to resume
- 13 March: Two year deadline for NUCOAL RESOURCES LIMITED to execute plans for trading in its securities to resume
- 1 March: Two year deadline for NUHEARA LIMITED to execute plans for trading in its securities to resume
- 30 October: Two year deadline for OMNIA METALS GROUP LTD to execute plans for trading in its securities to resume
- November: Two year deadline for PANORAMIC RESOURCES LIMITED to execute plans for trading in its securities to resume, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD to execute plans for trading in its securities to resume, VDM GROUP LIMITED to execute plans for trading in its securities to resume
- 14 August: Two year deadline for PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED to execute plans for trading in its securities to resume
- 6 April 2025: Two year deadline for PROVINCE RESOURCES LTD to execute plans for trading in its securities to resume
- 15 February: Two year deadline for PURIFLOH LIMITED to execute plans for trading in its securities to resume
- 28 December: Two year deadline for RANGE INTERNATIONAL LIMITED to execute plans for trading in its securities to resume
- 5 February: Two year deadline for REVASUM INC. to execute plans for trading in its securities to resume
- September: Two year deadline for STORY-I LIMITED to execute plans for trading in its securities to resume
- 31 October: Two year deadline for STRANDLINE RESOURCES LIMITED to execute plans for trading in its securities to resume
- 28 February: Two year deadline for TEN SIXTY FOUR LIMITED to execute plans for trading in its securities to resume
- 28 April: Two year deadline for THE GO2 PEOPLE LTD to execute plans for trading in its securities to resume
- 8 March: Two year deadline for THOMSON RESOURCES LIMITED to execute plans for trading in its securities to resume
- December: Two year deadline for TOMBOLA GOLD LTD to execute plans for trading in its securities to resume, EPSILON HEALTHCARE LIMITED to execute plans for trading in its securities to resume
- 1 March: Two year deadline for VICTOR GROUP HOLDINGS LIMITED to execute plans for trading in its securities to resume
- 7 February: Two year deadline for VIP GLOVES LTD to execute plans for trading in its securities to resume
- 31 July 2025: Two year deadline for WELLFULLY LIMITED to execute plans for trading in its securities to resume
Keywords
suspension, ASX, listing rules, deadlines, periodic reports, removal, entities
GTH
Gathid LTD
ASX
Sector: Software & Services
Filings with Classifications
Better than expected
16 April 2025 7:19 PM
Quarterly Activity Statement & Business Update
- The company's ARR growth of 142% indicates better than expected performance compared to the end of FY24.
Delay expected
23 January 2025 10:41 PM
Quarterly Report
- The company is waiting for the resolution of a dispute over the sale of its physical security business before relisting on the ASX.
- The audit opinion in respect of the FY24 Financial Statements may require further actions by the ASX before any relisting takes place.
Better than expected
23 January 2025 10:41 PM
Quarterly Report
- The company's ARR growth of 12% in the quarter and 92% since the end of FY24 is better than expected.
- The company secured two new customer contracts and maintained a high renewal rate, which is better than expected.
- Sales revenue increased from $272k to $390k, which is better than expected.
Worse than expected
21 November 2024 5:50 PM
AGM Results
- The 'first strike' against the remuneration report indicates that the company's compensation practices did not meet the approval of a sufficient number of shareholders.
Worse than expected
20 November 2024 11:15 PM
Annual General Meeting Results
- The rejection of several key resolutions, including the remuneration report, incentive plan, and placement facility, indicates worse-than-expected results from the AGM.
Capital raise
20 November 2024 11:15 PM
Annual General Meeting Results
- The rejection of the 10% placement facility suggests that securing additional capital may be more challenging than anticipated.
Delay expected
20 November 2024 8:05 PM
Annual Report Presentation
- The finalization of the sale of the RightCrowd businesses has been delayed due to an ongoing dispute with the buyer, Bloom.
- The audit of Gathid's FY24 financial accounts has been delayed due to Bloom's failure to provide necessary documents to the auditors.
Worse than expected
20 November 2024 8:05 PM
Annual Report Presentation
- The company's overall profit was driven by the sale of its RightCrowd business, masking a significant loss from its core Gathid business.
- The ongoing dispute with Bloom regarding the sale of RightCrowd and potential further claims creates significant uncertainty and financial risk.
- The auditors' inability to provide an unqualified opinion on the financial statements due to lack of access to information from Bloom indicates a significant shortcoming in the financial reporting process.
Delay expected
4 November 2024 8:00 PM
Quarterly Report
- The finalization of the sale of the physical security business has been delayed due to a dispute over the final payment calculation, impacting the company's ability to provide the ASX with the required information for relisting.
Worse than expected
4 November 2024 8:00 PM
Quarterly Report
- The unresolved dispute regarding the final payment from the sale of the physical security business represents a significant negative deviation from expectations, creating uncertainty and delaying the company's ASX relisting.
Worse than expected
18 October 2024 1:15 AM
Suspension Notice
- The announcement details numerous companies failing to meet reporting deadlines, resulting in potential delisting, which is significantly worse than expected performance.
Capital raise
16 October 2024 6:58 PM
Notice of Annual General Meeting
- The company is seeking shareholder approval for a 10% placement facility, allowing it to issue equity securities up to 10% of its issued share capital over a 12-month period.
Delay expected
30 July 2024 12:04 AM
Quarterly Activity Statement
- The resolution of the dispute over the consideration due for the sale of the physical security businesses is delayed.
Worse than expected
10 July 2024 2:15 AM
Market Announcement Long Term Suspended Entities
- The document indicates that numerous companies have failed to meet their reporting obligations, which is worse than expected for market compliance.
Delay expected
10 July 2024 2:15 AM
Market Announcement Long Term Suspended Entities
- The document lists numerous companies that have delayed lodging required periodic reports.
Worse than expected
20 June 2024 7:12 PM
Release to ASX
- The expected cash balance is lower than the previously announced target.
Delay expected
20 June 2024 7:12 PM
Release to ASX
- The FY23 R&D Tax Incentive claim will be received after 30 June 2024.
- The FY23 income tax return submission is delayed due to the expert determination process.
Delay expected
19 April 2024 3:11 AM
Business Update
- The expert determination process regarding the dispute with Bloom is ongoing.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.