Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Grange Resources Limited
GRR
http://www.grangeresources.com.au
Steel
162
1,157

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.14 $0.15 $0.15 $0.13 $0.14 3619203 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Sell
22/05/2015
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 -1.2 0.0% 0.0 1.0 7.1% 0.0%
2015 F 0.0 -0.3 0.0% 0.0 1.0 7.1% 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) $499M -0.6786 0.0000 0.0000 0.7110 0.0000 0.0000 46.00% 0.00% 0.00%
BlueScope Steel (BSL) $1,882M 0.0000 0.9022 0.3109 30.4388 16.0019 12.2067 0.00% 2.35% 3.00%
Fortescue Metals (FMG) $6,570M 0.7497 -0.8956 -0.4004 2.2625 21.6632 36.1301 10.06% 2.66% 1.39%
Grange Resources (GRR) $168M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 6.90% 6.90% 6.90%
Sims Metal Management (SGM) $2,257M 3.0215 0.4014 0.4666 32.7392 23.3623 15.9295 0.91% 2.30% 3.11%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.30 0.00
Market 1.01 17.00 1.33 1.59
Sector 0.77 13.60 0.69 0.50

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
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)
17 July 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.