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Enero Group Ltd ASX:EGG

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 3 managers in total.

Position history by manager 3 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Jun 2025 to today

Commentary Showing 2 of 5

DateManagerActionSummary

30 Jun 2026Perpetual Asset ManagementHeldPerpetual Asset Management continues to hold Enero Group despite the share price declining 33.3% over the quarter, with prudent position sizing limiting the impact on portfolio performance. The manager attributes the underperformance to expectations of a deteriorating macroeconomic environment following conflict in the Middle East, which pressured trading multiples for pro-cyclical businesses such as Enero, a media agency group whose income depends on the marketing decisions of the brands it represents. Perpetual believes there is a mid to long-term turnaround story in the Agency businesses' operating performance under a refreshed management team, and notes that Enero's current market capitalisation of approximately $27 million sits below consensus estimates of the business's ending net cash of $31 million in FY26, implying the market is ascribing negative value to the underlying operating business and supporting the case for a plausible re-rating.

Monthly Report, price recorded $0.32

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31 Oct 2025Perennial PartnersHeldPerennial Partners continues to hold Enero Group Ltd despite the stock drifting lower, noting that an encouraging first-quarter FY26 update and investor day highlighted growth in most remaining core assets and a strong cashflow profile.

Monthly Report, price recorded $0.68

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3 more comments on EGGPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 3 managers first commented on EGG.

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Articles

31 Oct 2025Enero Group Sheds OBMedia to Clear Path for Takeover or Re-Rate

About Enero Group Ltd

Industrials, Media

Enero Group (ASX:EGG), a marketing and communications services company, has been under pressure despite operational progress. In June 2026, Perpetual reported Enero's shares fell 33% over the quarter despite what it saw as prudent management actions. In October 2025, Perennial noted Enero drifted lower even after an encouraging first-quarter FY26 update and investor day that highlighted growth in most of its remaining core businesses and a strong balance sheet. Enero Group operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 5 comments from 3 fund managers, including Perpetual and Perennial. Founded in 2001 and headquartered in Sydney, Enero provides integrated marketing services through two segments, brand transformation, including agencies such as BMF, Hotwire and Orchard, and creative technology and data, serving brands in Australia, the US, the UK and Asia, after selling its OBMedia business.

Market cap: $19m
Price to earnings: Loss-making
Return on equity: -31.5%
Dividend yield: 9.4%
Price to book: 0.25x
Net margin: -21.6%
52-week range: $0.21 to $0.78

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Enero Group Ltd (ASX:EGG)?

Fund managers including Perpetual Asset Management, Tamim Funds Management and Perennial Partners have invested in Enero Group Ltd (ASX:EGG).

What opportunities or catalysts do fund managers highlight for Enero Group Ltd?

Perennial highlights growth across most of Enero's core businesses and a strong balance sheet, and Perpetual notes prudent management actions.

What are the key risks to the Enero Group Ltd investment thesis, according to fund managers?

Perpetual and Perennial note persistent share price weakness, including a 33% fall in a quarter, reflecting pressure on marketing services spending and the loss of OBMedia earnings.

What does Enero Group Ltd (ASX:EGG) do?

Enero Group Ltd. provides integrated marketing and communication services through two core segments: Brand Transformation and Creative Technology and Data. The Brand Transformation segment focuses on creative strategies to enhance stakeholder and customer brand engagement. The Creative Technology and Data segment delivers technology-driven customer experiences supported by data analytics. Headquartered in Pyrmont, Australia, Enero Group was established on February 9, 2000. The company specializes in combining creative ideas with data and technology to drive business transformation.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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