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General Information

Gindalbie Metals Ltd
GBG
http://www.gindalbie.com.au
Steel
33
1,495

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.02 $0.02 $0.02 $0.02 $0.02 1634609 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
28/11/2014
3

Company Overview

Business Description
Gindalbie Metals Limited (GBG) is an Australian iron ore company based in Perth, Western Australia, which is developing a portfolio of projects in the State's Mid-West Region. GBG's core asset is the Karara Iron Ore project.
Strategy Analysis
Gindalbie's most advanced asset is the Karara Iron Ore Project. The Project is a 50:50 joint venture with China's Ansteel, China's second largest steel maker. Ansteel also has a 36% shareholding in the company. Through the partnership with Ansteel, Gindalbie has been able to access project funding, equity funding and a product offtake agreement for all Karara iron concentrate. Gindalbie started production of hematite ore in early 2011 and magnetite concentrate production in late 2012. New resource development opportunities will also be jointly explored. Gindalbie Metals reported positive cash flow of $36.4m for the quarter ended 31 December 2012. Operating cash flow for the period was $(3.3m). Payments for exploration and evaluation were $(1.51m). Investing cash flow was $1.16m. Financing cash flow was $38.53m. Cash in hand at the end of the quarter was $70.89m.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 45.3 3.0 0.0% 3.5 0.0 0.0% 0.0%
2013 A -144.4 -10.6 0.0% 0.0 0.0 0.0% 0.0%
2012 A -27.2 -2.3 0.0% 0.0 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
Arrium (ARI) $397M -0.6786 0.0000 0.0000 0.5646 0.0000 54.0000 57.93% 0.00% 0.00%
BlueScope Steel (BSL) $1,871M 0.0000 0.9771 0.2612 30.2559 15.3028 12.1334 0.00% 2.37% 2.59%
Fortescue Metals (FMG) $5,340M 0.7497 -0.8651 -0.3672 1.8389 13.6328 21.5452 12.38% 3.34% 1.63%
Gindalbie Metal (GBG) $33M 0.0000 0.0000 0.0000 0.7261 0.0000 0.0000 0.00% 0.00% 0.00%
Sims Metal Management (SGM) $2,116M 3.0215 0.3975 0.4413 30.6892 21.9600 15.2360 0.97% 2.48% 3.38%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.73 0.58 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 Lim Kim Chuan Alternate Director 31/08/2007
Mr Yan Dong Alternate Director 27/03/2009
Mr Michael John O'Neill Managing Director 12/04/2006
Mr Keith Jones Non-Executive Chairman, Non-Executive Director 01/03/2013
Mr Andrew Robin Marshall Non-Executive Director 16/12/2010
Mr Ping Chen Non-Executive Director 29/06/2009
Mr Shao An Lin Non-Executive Director 06/03/2015
Mr Paul Hallam Non-Executive Director 13/12/2011
Mr Li Ge Non-Executive Director 06/03/2015

Management

Name Position
W Zekulich Chief Financial Officer
Rebecca Moylan Chief Financial Officer,Joint Company Secretary
Christopher Gerrard Company Secretary

Substantial Shareholders

Holding Name
535,492,521 (35.81%) Angang Group Hong Kong (Holdings) Ltd

Calendar of Events

Date Event
27 April 2016 Report (Quarterly)
26 January 2016 Report (Quarterly)
08 October 2015 Report (Quarterly)
07 October 2015 Report (Annual)
30 July 2015 Report (Quarterly)
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