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General Information

Atlas Iron Limited
AGO
http://www.atlasiron.com.au
Diversified Metals & Mining
110
919

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.12 - - - $0.12 0 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
06/07/2015
4

Company Overview

Business Description
Atlas Iron Limited (AGO) is an independent Australian iron ore company which produces and exports mining and exporting Direct Shipping Ore (DSO) from its mines in the Northern Pilbara region of Western Australia. Currently, AGO’s projects have total Resources of 1.17Bt@ 56.1% Fe and Reserves (Proven and Probable) of 506.8Mt @ 56.1% Fe. FY13 DSO shipping is 7.4Mt.
Strategy Analysis
Atlas operates three iron ore mines at Pardoo, Wodgina and Mount Dove in the Pilbara region of Western Australia. Production exceeded 6Mtpa by the end of 2012 with 12Mtpa targeted by 2014. Atlas continues to pursue acquisitions predominantly within the Pilbara region. An exploration program has been rolled out with a substantial increase in the resource and reserves position so far. Atlas Iron reported a net loss of $256.04m for the half-year ended 31 December 2012. This result was adversely impacted by a previously announced non-cash impairment charge on capitalised tenement costs and a non-cash write-down on non-core assets of $258.0m. Revenues from ordinary activities were $288.26m, down 15.6% from the same period last year. Basic and Diluted EPS was (28.3) cents compared to 0.7 cents last year. The net operating cash outflow was $5.32m compared to an inflow of $117.71m in the pcp. The interim dividend declared was 3.0 cents compared with 3.0 cents last year. The company is now producing at a rate of 8Mtpa and is on track to increase production to 10Mtpa by the end of June 2013.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 -2.0 0.0% 0.0 0.0 0.0% 0.0%
2015 F 0.0 -22.1 0.0% 0.0 0.0 0.0% 0.0%
2014 A 8.6 1.3 -31.7% 74.0 2.0 2.1% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Atlas Iron (AGO) $110M -0.3172 0.0000 0.0000 9.4488 0.0000 0.0000 16.67% 0.00% 0.00%
BHP Billiton (BHP) $83,536M 0.1223 -0.2501 -0.3978 10.7364 14.3180 23.7773 4.47% 6.16% 6.16%
Iluka Resources (ILU) $3,061M -0.5350 1.4453 0.6616 51.2623 20.9636 12.6165 2.60% 3.96% 5.25%
Rio Tinto (RIO) $21,702M -0.1938 -0.4311 0.0823 8.2645 14.5267 13.4222 5.12% 5.73% 6.04%
South32 (S32) $9,476M 0.0000 0.0000 -0.0759 0.0000 10.3188 11.1669 0.00% 0.00% 4.35%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.07 0.00
Market 0.91 15.90 1.33 1.27
Sector 0.72 11.80 0.67 0.35

Directors

Name Position Start Date
Mr Kenneth Edward Brinsden Executive Director 21/02/2012
Mr David Nathan Flanagan Managing Director 15/09/2004
Hon Cheryl Lynn Edwardes Non-Executive Chairman 06/05/2015
Ms Tai Sook Yee Non-Executive Director 02/06/2010
Mr Jeffrey Dowling Non-Executive Director 08/11/2011

Management

Name Position
R. Wilson Chief Development Officer
B. Lynn Chief Financial Officer
J. Sinclair Chief Operating Officer
Yasmin Broughton Company Secretary,General Counsel

Substantial Shareholders

Holding Name
66,749,653 (9.41%) IMC Resource Investment Pty Ltd (formerly IMC Resources Pty Ltd)
45,988,738 (5.02%) Dimensional Entities

Calendar of Events

Date Event
29 April 2016 Report (Quarterly)
23 February 2016 Report (Interim)
19 January 2016 Report (Quarterly)
22 October 2015 Report (Quarterly)
27 August 2015 Report (Annual)
27 August 2015 Report (Prelim)
23 July 2015 Report (Quarterly)
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