The Insider: Meet the CEOs Webcast Replay

We were joined by the CEOs of exciting ASX-listed businesses, who gave valuable insight to their industries and companies future prospects.

  • (ASX: PHL) Propell Holdings Limited – Michael Davidson
  • (ASX: LPE) Locality Planning Energy Holdings – Justin Pettett

Recorded on 22nd February 2023 at 12pm (AEDT).

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FEATURED SPEAKERS

Michael Davidson

CEO - Propell Holdings Limited (ASX: PHL)

Propell provides small-medium enterprises (SMEs) with artificial intelligence-enabled financing solutions that make it faster and easier for SMEs to access capital. Operating in a market comprising $423 billion in SME loans, the company provides SMEs with access to a suite of finance tools, including payments and lending, as well as insights into their financial health. By Q2 FY23, the company had increased its client base by 362% (2,600 customers), lending originations by 136% and average loan size by 307% compared with Q2 FY22. Propell’s five-year goal is to become the go-to finance platform for Australian SMEs, with 100,000 customers using the Propell app for all their financial needs.

Justin Pettett

Non-Executive Chairman - Locality Planning Energy Holdings (ASX: LPE)

Locality Planning Energy (LPE) predominantly services the Queensland energy market providing electricity, hot water, solar and battery systems to strata communities. The company considers itself a local leader in ‘embedded networks’ – a system that reduces energy bills by using a single metered point to measure electricity consumed by a multi-tenanted complex. Following LPE’s profitable FY21 and FY22, the company’s embedded network business achieved positive operating cash flow for a second consecutive quarter in Q2 FY23. As at 24th January 2023, LPE’s $40 million FY23 revenue guidance remains on-track and the company has secured a $10 million growth facility to fund capital works and acquire existing embedded operations/billing agents.

Past performance is not a reliable indicator of future performance. 

Reach Markets have been engaged by Propell Holdings Ltd and may receive fees for its services.

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