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STORY-I LIMITED (SRY)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
STORY-I LIMITED17/07/2015
PINE CAPITAL LIMITED17/07/2015

Shareholder links

Our website ranking of SRY: rating 1
(1 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000SRY9
Address: C/ - Geneva Partners Pty Ltd Level 1 247 Oxford Street West Leederville WA 6007
Tel:  +61 8 6141 3500Fax: +61 8 6141 3599

Date first listed: 20/01/2015

Sector: Retailing Industry Group: XDJ
Activities: Consumer Discretionary

News & Events

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The company advises that the Apple reseller business in Indonesia has gone into receivership. The business has been placed in receivership, effective immediately.PII's outstanding debt totals IDR 38.2 billion (AUD3.58 million). These liabilities are confined to PT Inetindo Infocom and does not impact Story-i, as the investment in PII is held through Story-I Pte Ltd, a Singapore investment holding company.

20/05/2024

Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

01/05/2024

The Company continues to work with its Indonesian auditor and is endeavoring to complete the Annual Report audit and Appendix 4E for the year ended 30 June 2023 in addition to its Half-year Interim accounts and Appendix 4D for the six months ended 31 December 2023. The Board anticipate that both reports will be lodged with ASX by the end of April 2024.

28/02/2024

The Company has entered into two Convertible Note Subscription Agreements with a Singaporean based firm, Indian Ocean Capital Advisors, to raise $100,000.

02/01/2024

The Company initially announced on 10th July 2023 that it had agreed, subject to shareholder approval, which was subsequently received on 21st August 2023, to sell the whole of its Apple reseller business in Indonesia to NextGen Retail Inc. a wholly owned subsidiary and lifestyle vertical of Society Pass Inc. One of the primary conditions of the agreement was that SOPA had to replace the personal and corporate guarantees for the credit facilities to PT Inetindo. This condition was not met. On 28th November 2023, the Board of Story-i agreed to terminate the business sale process and now formally notify SOPA. Unaudited revenue for the financial year end June FY2023 was AUD38.6 million, a decrease of 8.9% versus AUD42.4 million in the prior corresponding period for June FY2022. To reduce the interest expense incurred due to the higher interest rates, certain credit STORY-I LIMITED facilities were repaid or substantially reduced. The Company made arrangements with its major iPhone supplier to provide goods on a consignment basis thereby reducing the reliance on the inventory financing facilities. The Company continues to work with its Indonesian auditor and is endeavoring to complete the audit by 31 December 2023, it is anticipated that the Annual Report and Appendix 4E will be lodged with ASX by 15 January 2024.

30/11/2023

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Friday, 1 September 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Thursday, 31 August 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

01/09/2023

There will be a delay in the lodgement of the Appendix 4E and Preliminary Final Report for the year ended 30 June 2023. The reports were due for lodgement with ASX by close of business today. The delay is due to auditor proposed material write-downs and impairment associated with inventory. Lodgement of the reports will be delayed until the Board has clarity on the writedowns to ensure the Company can make adequate disclosure in the Preliminary Final Report.

31/08/2023

The suspension of trading in the securities of Story-i Limited will be lifted from the commencement of trading on Thursday, 23 March 2023 following its compliance with reinstatement conditions.

22/03/2023

The Company provides confirmations to satisfy certain conditions for reinstatement of the Company's securities to quotation on ASX. The Board believes that its current cash reserves (and cash flow derived through its operations) are sufficient to provide the Company with sufficient working capital to achieve its stated objectives as detailed in the Prospectus and to fund its activities for the next 12 months. The Company intends to apply its existing cash reserves (and cash flow derived through its operations) over the 12 months following the reinstatement of the Shares to the Official List to the objectives detailed in the Prospectus and for working capital purposes. The Board confirms that it satisfies the "˜working capital test' of at least $1.5 million.

21/03/2023

The company releases a notice of proposed issue of securities.

16/03/2023

The company releases a prospectus for an offer of up to 1,000 Shares at an issue price of A$0.02 each to raise up to approximately A$20.

16/03/2023

The Company is progressing with its preparation of the Prospectus, and its indicatively intending to lodge the Prospectus with the Australian Securities and Investments Commission (and thereafter release it to ASX) shortly). The Company has engaged EverBlu to provide corporate advisory services in connection with the Company's ongoing corporate matters and any future capital raising transaction undertaken by the Company pursuant to a mandate.

16/03/2023

The company had commissioned Hall Chadwick, an independent accounting firm, to undertake a review of the company's corporate governance policies and processes focusing on compliance with the ASX Listing Rules. The company has received the review's key findings and recommendations.

09/03/2023

The company lodges its Interim Financial Report & Appendix 4D.

28/02/2023

The company releases its Corporate Governance Statement.

03/02/2023

The company releases an Appendix 4G.

03/02/2023

The company releases the results of its AGM.

01/12/2022

The Company has engaged, and continues to engage, with the ASX to address the Compliance Matters and in respect to the requirements, and conditions, for the Company's securities to be reinstated to trading on the ASX. Having regard to the Compliance Matters and its engagement with the ASX, the Company has: commissioned Hall Chadwick, an independent accounting firm, to undertake a review of its policies and procedures; included in its notice of annual general meeting (which will be accompanied by an independent expert's report and dispatched shortly) resolutions to seek shareholder approval to ratify prior related party transactions (refer below for further details); appointed a new director, Mr Stuart Usher, to its Board (refer to the ASX announcement dated 30 August 2022); and commenced the preparation of a full form prospectus (as required by the ASX). The company also detailed the related party transactions with PT Sigmadata, PT Inetdata. The annual reports for the financial year ended 30 June 2022 and financial year ended 30 June 2021 have incorrectly disclosed that Mr Djohan Widodo held 1,309,090 shares. Mr Widodo had nominated a non-related party to receive those shares and, as at the date of this announcement, does not hold any shares in the Company.

31/10/2022

The annual general meeting of the Company will be held at 110 Stirling Highway, Nedlands, Western Australia and by virtual format via Advanced Share Registry's online platform (www.advancedshare.com.au/virtual-meeting) on Wednesday, 30 November 2022 at 3PM (AWST).

31/10/2022

The company lodges its Annual Report to shareholders.

26/10/2022

The company lodges its Preliminary Final Report & Appendix 4E.

31/08/2022

The company lodges its Appendix 4D & Interim Financial Report.

27/04/2022

There will be a delay in the lodgement of the Appendix 4D and the Interim Financial Report for the half year ending 31 December 2021. The delay has been due to staff shortages and work from home restrictions in our Finance Department and with the auditor amid the recent surge in Omicron cases in Indonesia.

28/02/2022

The Board wishes to advise shareholders that it has been made aware of a past matter concerning Mr Lim, namely that Mr Lim was struck off the roll of advocates and solicitors in Singapore in 2001. [The Company advises that this was a matter that occurred more than 20 years ago and the Board considers that this matter does not impact the Board's current assessment of Mr Lim's good fame and character. The Company advises that it has been made aware that Mr Tang was convicted of market manipulation and for making a false statement in 2011 and that Mr Tang was subsequently fined A$10,000. The Board considered Mr Cheng to be independent based on the confirmation and representation made of his relationship with Mr Lee that was provided to the Board in respect to his independence, noting that: Mr Cheng had not been previously employed in an executive capacity with the Company.

24/02/2022

With respect to certain ASX queries, the company has sought independent legal advice regarding implications. The company confirms it is not currently in breach of section 201A of the Corporations Act and is not intending to take this matter further.

24/02/2022

The company releases the results of its AGM.

27/01/2022

The annual general meeting of the Company will be held virtually on Thursday 27th January 2022 at 10AM AWST.

23/12/2021

The company lodges the following: Annual Report - FY2021, Appendix 4G, Corporate Governance Statement.

18/10/2021

The company requests the suspension remains in place until the commencement of trading Monday 1st November 2021 unless before that time the company makes an announcement in respect to the finalisation of its responses to ASX queries.

04/10/2021

The lodgement of the audited Annual Report for FY2021 will be delayed. It is anticipated that the Annual Report will be lodged by 15th October 2021 at the latest if not earlier.

30/09/2021

The company requests the suspension remains in place until the commencement of trading Monday 4th October 2021 unless before that time the company makes an announcement in respect to the finalisation of its responses to ASX queries.

08/09/2021

The company lodges its Preliminary Final Report.

31/08/2021

The company requests the suspension remains in place until the commencement of trading Monday 6th September 2021 unless before that time the company makes an announcement in respect to the finalisation of its responses to ASX queries.

05/08/2021

The company requests the suspension of its securities remain in place until the commencement of trading on 19 July 2021 unless before that time the company makes an announcement in respect to the finalisation of its responses to ASX queries.

09/07/2021

The company requests the suspension remains in place until the commencement of trading Friday 9th July 2021 unless before that time the company makes an announcement in respect to the finalisation of its responses to ASX queries.

01/07/2021

The company requests the suspension remains in place until the commencement of trading on Thursday 1st July 2021 unless before that time the company makes an announcement.

23/06/2021

The company requests the suspension remains in place until the commencement of trading on Thursday 1st July 2021 unless before that time the company makes an announcement regarding the company's response to ASX queries.

23/06/2021

The company requests the suspension of its securities remain in place until the commencement of trading on Wednesday 23rd June 2021 unless before that time the company makes an announcement.

16/06/2021

The company requests the suspension remains in place until the commencement of trading on Wednesday 16th June 2021 unless before that time the company makes an announcement in respect to responding to ASX queries.

08/06/2021

The company requests the suspension remains in place until the commencement of trading on Tuesday 8th June 2021 unless before that time the company makes an announcement in respect to responding to further ASX queries.

01/06/2021

The company requests the suspension remains in place until the commencement of trading on Tuesday 1st June 2021 unless before that time the company makes an announcement in respect to further ASX queries.

26/05/2021

The company requests the suspension remains in place until the commencement of trading on Wednesday 26th May 2021 unless before that time the company makes an announcement in respect to further ASX queries.

20/05/2021

The company requests the suspension remains in place until the commencement of trading on Thursday 20th May 2021 unless before that time the company makes an announcement in respect to further ASX queries.

17/05/2021

The company requests the suspension of its securities remain in place until the commencement of trading on 17 May 2021 unless before that time the company makes an announcement in respect to further ASX queries.

13/05/2021

The application to the Supreme Court of Western Australia was heard in relation to orders being sought for the issue of 6,488,068 ordinary fully paid shares in the Company (Shares) on 1 February 2021 and 24,000,000 Shares on 5 July 2018. At the hearing, the Court made the orders sought by the Company.

12/05/2021

The Company makes the request pending an announcement in respect to the outcome of the Company's application to the Supreme Court of Western Australia seeking orders under section 1322 of the Corporations Act 2001. The Company requests the suspension remains in place until the commencement of trading on Thursday 13th May 2021 unless before that time the company makes an announcement.

10/05/2021

An application has been made to the Supreme Court of Western Australia seeking orders that any offer for sale or sale of quoted securities is not invalid by reason of the failure of the company to issue a valid cleansing notice to exempt the sellers from the obligation of disclosure of disclosure or by reason of a defect in such notice, or the sellers' consequent failure to comply with s707(3) and s727(1) of the Corporations Act. The orders are being sought in relation to the issue of 6,488,068 ordinary fully paid shares in the company on 1 February 2021 and 24,000,000 shares on 5 July 2018. The application has been listed for hearing on 11 May 2021 at 4.30pm (WST).

07/05/2021

The company requests the suspension of its securities remain in place until the commencement of trading on 10 May 2021 unless before that time the company makes an announcement in response to further ASX queries received on 23 April and an application by the company to a Court seeking orders in respect to the cleansing notice lodged by the company dated 5 February 2021.

03/05/2021

The company requests the suspension remains in place until the commencement of trading on Monday 3rd May 2021 unless before that time the company makes an announcement in response to further ASX queries and an application by the company to a Court seeking orders in respect to the cleansing notice lodged by the company dated 5 February 2021.

26/04/2021

The company releases a prospectus for an offer of up to 1,000 New Shares at an issue price of A$0.024. The Cleansing Offer is included primarily for the purposes of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of Shares recently issued by the company.

22/04/2021

The company releases a response to ASX query letter.

21/04/2021

The company requests the suspension remain in place until the commencement of trading on 26 April 2021 unless before that time the company makes an announcement in response to ASX's query letter and a potential application by the company to a Court seeking orders in respect to the cleansing notice.

14/04/2021

The company requests the suspension of its securities remains in place until the commencement of trading on 14 April 2021 unless before that time the company makes an announcement.

06/04/2021

The company will not be proceeding with the $2.1 million placement. All application funds from the placement have been returned to the various investors. No shares and options will be issued under the placement. The company has entered into an arrangement with EverBlu Capital pursuant to which EverBlue will act as the company's corporate advisor and lead manager in connection with the ongoing corporate advisory activities and capital raisings of the company.

30/03/2021

The company requests the suspension remains in place until the commencement of trading on Tuesday 6 April 2021 unless before that time the company makes an announcement regarding its response to an ASX query letter.

29/03/2021

The securities of Story-I Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SRY, pending the release of an announcement regarding an ASX query letter.

24/03/2021

The securities of Story-I Limited will be reinstated to Official Quotation immediately following lodgement of its Half Year Financial Report for the year ended 31 December 2019.

09/03/2020

The company lodges its Half Yearly Report and Accounts.

06/03/2020

Story-I Limited has today signed its Interim Financial Report for the Half year ended 31 December 2019 and received its Audit report from Bentleys. The company has now fully complied with the adoption of Australian Accounting Standard 16 Leases, there being a disparity between the adoption requirements between Indonesia and Australia which was a contributing factor in the delay of finalising the report, along with severe flooding in Jakarta which compounded the delay.

06/03/2020

The delay in finalising the results is mainly due to the introduction and implementation of AASB 16 for the Indonesian leases and the adjustments needed to account for the leases in the financial disclosures in the financial statements. The delay was also compounded by severe flooding in Jakarta last week which prevented the local audit staff from reaching the office to provide the necessary information to the Company's auditors. The Company's management team is working closely with the Company's auditor to release the final results as soon as possible.

03/03/2020

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement oftrading today, 2 March 2020, following theirfailure to lodge the relevant periodic report by the due date.

02/03/2020

The securities of Story-I Limited will be reinstated to Official Quotation as from the commencement of trading today, Thursday, 3 October 2019 following lodgement of its Statutory Accounts for the year ended 30 June 2019.

03/10/2019

The company releases its Appendix 4G.

02/10/2019

The company lodges its Annual Report to shareholders.

02/10/2019

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date.

01/10/2019

The securities of Story-I Limited will be reinstated to Official Quotation as from the commencement of trading today, Monday, 4 March 2019 following lodgement of its Half Year Financial Report for the period ended 31 December 2018.

04/03/2019

The company lodges its Half Yearly Report and Accounts.

01/03/2019

The company lodges its Appendix 4D.

01/03/2019

The company's securities will be suspended from official quotation following failure to lodge the relevant periodic report by the duee date.

01/03/2019

name changed from PINE Capital Limited

17/07/2015

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    08/03/2021Chek Ming Cheng-500,000$0.025$12,470
    01/12/2017Michael Chan60,000$0.027$1,599

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Michael ChanManaging Director20/01/2015
    Damien KwokCEO01/11/2016
    Michael PixleyNon Exec Director20/01/2015
    Stuart UsherNon Exec Director, Company Secretary29/08/2022

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Djohan WidodoChairman20/01/201529/08/2023
    Han Peng LeeDirector27/09/201729/08/2023
    Kiap LimIndependent Director30/04/202129/08/2022
    Chek Ming ChengIndependent Director04/08/202030/03/2021
    Desmond OngNon Exec Director27/09/201715/01/2018
    Yulius HalimCEO17/10/2016

    Date of first appointment, title may have changed.