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General Information

Grange Resources Limited
GRR
http://www.grangeresources.com.au
Steel
122
1,157

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.11 $0.11 $0.11 $0.11 $0.11 122194 $0.01 ( 4.76% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Sell
29/07/2015
1

Company Overview

Business Description
Grange Resources Ltd (GRR) owns and operates iron ore mining and pellet production business located in the northwest region of Tasmania. GRR focuses on magnetite projects in two main areas, namely, Savage River Mine Operation and Southdown Project.
Strategy Analysis
The company has maintained its strategy of pursuing growth through acquiring smaller bolt-on acquisitions that deliver value for shareholders. GRR will continue to pursue a policy of careful capital management and will be reinvesting in plants while watching for other acquisition opportunities and maintaining the company's capability to take advantage of other significant opportunities to add value to the asset portfolio. The company is working to eliminate raw materials that are genetically modified, from the retail branded products wherever this is technically possible and will maximise cost recovery through operational efficiency and price recovery in the market place. Sustained increases in the costs of agricultural commodities are expected to ease in the future. Grange Resources reported NPAT down 83% to $35.90m for the year ended 31 December 2012. Revenues from ordinary activities were $331.31m, down 19% from last year. Diluted EPS was 3.1 cents compared to 18.76 cents last year. Net operating cash flow was $131.93m compared to $210.38m last year. The final dividend declared was 2 cents, taking the full year dividend to 2 cents compared with 2 cents last year.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 -0.5 0.0% 0.0 1.0 9.5% 0.0%
2015 F 0.0 0.5 0.0% 19.4 1.0 9.5% 0.0%
2014 A -49.3 -4.3 0.0% 0.0 1.0 5.4% 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
Arrium (ARI) $382M -0.6786 0.0000 0.0000 0.5437 0.0000 0.0000 60.15% 0.00% 0.00%
BlueScope Steel (BSL) $2,012M 0.0000 0.9771 0.2612 32.5411 16.4586 13.0499 0.00% 2.21% 2.45%
Fortescue Metals (FMG) $5,854M 0.7497 -0.8373 -0.4628 2.0159 12.3929 23.0675 11.29% 2.38% 0.36%
Grange Resources (GRR) $122M 0.0000 0.0000 0.0000 0.0000 19.4444 0.0000 9.52% 9.52% 9.52%
Sims Metal Management (SGM) $1,901M 3.0215 0.4049 0.3428 27.5698 19.6236 14.6142 1.08% 2.77% 3.65%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.23 0.00
Market 0.89 16.40 1.32 1.33
Sector 0.67 11.40 0.67 0.30

Directors

Name Position Start Date
Mr Honglin Zhao Executive Director, Chief Executive Officer 30/07/2010
Dr Michelle Li Non-Executive Chairman 29/10/2013
Mr Daniel Lewis Tenardi Non-Executive Director 31/03/2014
Ms Yan Jia Non-Executive Director 01/06/2014
Mr Liming Huang Non-Executive Director 24/09/2014

Management

Name Position
Piers Richard Lewis Company Secretary

Substantial Shareholders

Holding Name
681,172,842 (58.86%) Shagang International Holdings Ltd and associates

Calendar of Events

Date Event
15 July 2016 Report (Quarterly)
18 April 2016 Report (Quarterly)
29 March 2016 Report (Annual)
26 February 2016 Report (Prelim)
18 January 2016 Report (Quarterly)
16 October 2015 Report (Quarterly)
28 August 2015 Report (Interim)
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