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General Information

CuDeco Limited
CDU
http://www.cudeco.com.au
Diversified Metals & Mining
472
278

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$1.70 - - - $1.70 0 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
CuDeco Limited (CDU) is a mining and mineral exploration company. CDU’s main focus is the Rocklands Group Copper Project in Cloncurry, Queensland.
Strategy Analysis
2010 is a year that CUD would prefer to forget, with shares falling 48.85% on 18 August 2010 on the back of an updated resource estimate announcement. Its underlying strategy is to achieve maximum share value via the systematic exploration, discovery and delineation of the numerous defined mineralised occurrences evident at its large copper-cobalt-gold mineralisation at Rocklands. CDU have no intention of joint venturing or selling any equity in the Rocklands Project and intend to develop the deposit itself. CuDeco reported negative cash flow of $20.97m for the quarter ended 31 December 2012. Operating cash flow for the period was $(10.47m). Payments for exploration and evaluation were $(2.51m). Investing cash flow was $(10.31m). Financing cash flow was $(186,000). Cash in hand at the end of the quarter was $75.38m.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -4.5 -2.1 0.0% 0.0 0.0 0.0% 0.0%
2013 A -4.0 -2.1 0.0% 0.0 0.0 0.0% 0.0%
2012 A 0.8 0.4 0.0% 778.5 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $86,716M 0.1223 -0.2501 -0.3978 11.1451 14.8629 24.6823 4.31% 5.94% 5.94%
CuDeco (CDU) $472M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Iluka Resources (ILU) $3,295M -0.5350 1.4446 0.6618 55.1893 22.5760 13.5854 2.41% 3.67% 4.88%
Rio Tinto (RIO) $22,495M -0.1938 -0.4311 0.0823 8.5666 15.0576 13.9128 4.94% 5.53% 5.82%
South32 (S32) $9,716M 0.0000 0.0000 -0.0759 0.0000 10.5797 11.4492 0.00% 0.00% 4.25%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.99 0.00
Market 0.91 16.10 1.33 1.27
Sector 0.72 11.80 0.66 0.34

Directors

Name Position Start Date
Mr Wayne Michael McCrae Executive Chairman 15/04/2002
Mr Peter Robert Hutchison Executive Director 01/12/2004
Mr Paul Keran Non-Executive Director 02/07/2007
Mr David John Edward Taylor Non-Executive Director 03/07/2009
Mr Gerald (Gerry) Adrian Lambert Non-Executive Director 27/04/2010
Mr Zhijun Ma Non-Executive Director 01/06/2011
Mr Hongwei Liu Non-Executive Director 04/04/2012
Mr Zhaohui (Tony) Wu Non-Executive Director 03/07/2013

Management

Name Position
Bruno Bamonte Chief Financial Officer,Company Secretary
Andrew Kehoe Mining Manager
David Wilson Principal Advisor for exploration, resource and communications
Wade Freeman Process Manager
Robert Brougham Project Manager

Substantial Shareholders

Holding Name
30,338,774 (12.89%) Oceanwide International Resources Investment Co. Ltd
23,087,206 (9.81%) New Apex Asia Investment Limited
17,310,144 (7.35%) Sinosteel Equipment & Engineering Co Ltd

Calendar of Events

Date Event
28 April 2016 Report (Quarterly)
01 February 2016 Report (Quarterly)
29 October 2015 Report (Annual)
28 October 2015 Report (Quarterly)
30 July 2015 Report (Quarterly)
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