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General Information

White Energy Company Limited
WEC
http://www.whiteenergyco.com
Coal & Consumable Fuels
99
328

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.30 $0.28 $0.30 $0.28 $0.30 36426 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
White Energy Company Limited (WEC) is a technology enabled natural resources company focusing on the development of the Binderless Coal Briqueting (BCB) clean coal upgrading technology. WEC has two main divisions namely coal technology in Australia, Indonesia, USA and South Africa; and coal mining in Australia.
Strategy Analysis
WEC continues to focus considerable attention on its North American business development initiatives, including work on developing permits for both the Buckskin and Peabody Energy projects in the Powder River Basin, Wyoming, USA. In addition, WEC is working with the State of Kentucky with respect to the potential construction of a BCB plant in that State. WEC has continued to analyse opportunities in Africa for the upgrading of discarded thermal coal fines into compacted, transportable and useable briquettes with significant increases in energy content and value.. White Energy Company reported negative cash flow of $32.75m for the quarter ended 31 December 2012. Operating cash flow for the period was $(6.83m). Payments for exploration and evaluation were $(75,000). Investing cash flow was $(927,000). Financing cash flow was $(25m). Cash in hand at the end of the quarter was $100.59m.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -51.0 -15.3 0.0% 0.0 0.0 0.0% 0.0%
2013 A -115.0 -35.2 0.0% 0.0 0.0 0.0% 0.0%
2012 A -191.7 -37.0 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
Energy Resources (ERA) $194M 0.0000 0.0000 0.0000 0.0000 0.0000 48.7013 0.00% 0.00% 0.00%
Paladin Energy (PDN) $425M 0.0000 0.0000 0.0000 0.0000 0.0000 85.0000 0.00% 0.00% 0.00%
White Energy Company (WEC) $95M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Whitehaven Coal (WHC) $1,293M 0.0000 0.0000 0.0000 0.0000 0.0000 210.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.72 0.00
Market 0.90 15.80 1.30 1.25
Sector 1.16 11.90 0.49 0.28

Directors

Name Position Start Date
Mr Brian J Flannery Managing Director 17/09/2010
Mr Travers William Duncan Non-Executive Chairman 24/06/2008
Mr Graham Allan Cubbin Non-Executive Director 17/02/2010
Mr Vincent John O'Rourke Non-Executive Director 29/09/2010
Mr Hans Mende Non-Executive Director 17/09/2010
Mr Tony Crawford Non-Executive Director 11/06/2013

Management

Name Position
Neil Whittaker Chief Executive Officer
Ivan Maras Chief Financial Officer
Michael Chapman Chief Operating Officer
David Franks Company Secretary
Colin Porter Vice President

Substantial Shareholders

Holding Name
58,878,691 (17.93%) M&G Group
3,008,101 (10.56%) Gaffwick Pty Ltd
25,742,074 (9.06%) Ganra Pty Ltd
20,000,000 (6.33%) J A Kinghorn & Co Pty Ltd

Calendar of Events

Date Event
28 April 2016 Report (Quarterly)
29 January 2016 Report (Quarterly)
29 October 2015 Report (Quarterly)
16 October 2015 Report (Annual)
28 September 2015 Report (Prelim)
28 September 2015 Report (Annual)
30 July 2015 Report (Quarterly)
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