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METAL STORM LIMITED (MST)

METAL STORM LIMITED (MST)

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General Information
Company Name: Metal Storm Limited
Stock Code: MST
Website: www.metalstorm.com
GICS Sub-Industry: Aerospace & Defense
Market Cap ($M): 10
Equiv. Shares (M): 4,950

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.002 $ 0.001 $ 0.002 $ 0.001 $ 0.001 569,350 $ 0.001  100.000 %

Company Overview

Business Description:
Metal Storm Limited (MST) is a defence technology company that develops and produces the electronically initiated ballistics systems using its stacked round technology. MST also works with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system. MST’s products and services are provided to the military and law enforcement agencies in Australia and USA.

Strategy Analysis:
MST's strategy is to focus on winning commercial contracts for the supply and integration of complete weapon systems, through utilising its technology as the foundation for growing a wider business. The company will follow a path to develop more sophisticated versions of its core technologies and to turn them into saleable products. In order to achieve the above, the company will be generating a range of products that exploit the selling points of MST's technology and which match market needs in areas where sustainable long-term profit growth is possible. MST's analysis points to the 40mm Metal Storm weapons system as the best opportunity the company has, meaning that resources are dedicated for the immediate future to building a line of products based on MST's core 40mm technology. All other projects will take a lower priority and will only be given greater priority if a breakout opportunity arises where there is a clear path to sustainable profit growth.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -6.0 -0.3 -- 0.0 0.0 0.0 --
2010  A -8.9 -0.6 -- 0.0 0.0 0.0 --
2009  A -13.8 -2.1 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Metal Storm (MST) $5 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MST -- -- -0.28 -- 6.67
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.92 10.37 1.08 0.49 0.50

Directors
Name Position Start Date
Dr Lee John Finniear Chief Executive Officer,Managing Director 24 May 2007
Mr Terence James O'Dwyer Non-Executive Chairman 30 March 1998
Mr William Henkel Non-Executive Director 02 November 2010
Mr John Robert Nicholls Non-Executive Director (other) 03 July 2006
Mr Trevor Tappenden Non-Executive Director (other) 01 July 2008

Management
Name Position
Brett Farmer Chief Financial Officer,Company Secretary
G A Orrison Director of Sales
N J Partridge Managing Engineer
P D Faulkner President

Substantial Shareholders
Holding Name
158,457,532 (8.90%) National Nominees Limited
138,596,001 (7.79%) Andrew Winston Doyle

Calendar of Events
Date Event
15 May 2013 Report (Annual)
29 April 2013 Report (Annual)
27 February 2013 Report (Prelim)
29 August 2012 Report (Interim)
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