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General Information

Orocobre Limited
ORE
http://www.orocobre.com.au
Diversified Metals & Mining
403
152

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$2.66 $2.70 $2.72 $2.65 $2.65 92506 $0.01 ( 0.38% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
22/05/2015
1

Company Overview

Business Description
Orocobre Limited (ORE) is a mineral exploration company focused on the contruction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northen Argentina. Currently, ORE's flagship project is Olaroz Project.
Strategy Analysis
ORE is focused on becoming one of the largest and lowest-cost producers of Lithium in the world. ORE has partnered with Toyota Tusho to develop Salar de Olaroz, and expects to complete the Definitive Feasibility Study on the project in Q1 2011, with initial commercial production starting in 2012. The company also has two other projects which show promise for future development. Orocobre reported positive cash flow of $31.76m for quarter ended 31 December 2012. Operating cash flow for the period was $1.56m. Payments for exploration and evaluation were $3.12m. Investing cash flow was $6.51m. Financing cash flow was $23.68m. Cash in hand at the end of the quarter was $38.99m.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 3.3 0.0% 79.6 0.0 0.0% 0.0%
2015 F 0.0 -5.7 0.0% 0.0 0.0 0.0% 0.0%
2014 A -5.6 -4.3 0.0% 0.0 0.0 0.0% 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
BHP Billiton (BHP) $94,681M 0.1223 -0.3229 -0.4018 11.0247 16.2828 27.2207 4.36% 5.32% 5.48%
Iluka Resources (ILU) $3,689M -0.5350 1.4446 0.5723 61.7812 25.2725 16.0737 2.16% 3.09% 4.35%
Orocobre (ORE) $402M 0.0000 0.0000 0.0000 0.0000 0.0000 79.3413 0.00% 0.00% 0.00%
Rio Tinto (RIO) $24,446M -0.1938 -0.4311 0.0931 9.3097 16.3638 14.9696 4.55% 4.94% 5.26%
South32 (S32) $12,351M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 3.00 0.00 2.19 0.00
Market 1.03 17.10 1.34 1.57
Sector 0.78 13.50 0.70 0.46

Directors

Name Position Start Date
Mr Richard Phillip Seville Chief Executive Officer, Managing Director 14/04/2007
Mr James D Calaway Non-Executive Chairman, Non-Executive Director 20/05/2009
Mr Robert Hubbard Non-Executive Director 30/11/2012
Mr Frederico Nicholson Non-Executive Director 15/09/2010
Mr John Willis Gibson Jnr Non-Executive Director 01/03/2010
Mr Edward Courtney Pratt Non-Executive Director 23/03/2010
Mr Fernando Oris De Roa Non-Executive Director 24/06/2010

Management

Name Position
David Hall Business Development Manager
Neil Kaplan Chief Financial Officer,Company Secretary
Richard (Rick) Stacy Anthon General Counsel,Joint Company Secretary

Substantial Shareholders

Holding Name
16,514,187 (12.51%) J P Morgan Nominees Australia Limited
16,220,472 (12.28%) HSBC Custody Nominees (Australia) Limited
14,232,146 (10.78%) National Nominees Limited
8,200,000 (6.21%) Lithium Investors LLC

Calendar of Events

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