$2.86

0.08 (2.88%)

24 Oct 2012
Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation Preview
12 month range
Maximum portfolio weighting
Business risk Med-High
Share price risk Very-High

General Information

Independence Group NL
IGO
http://www.igo.com.au
Diversified Metals & Mining
1,422
511

Current Price Data+

Current Price $2.860
Open $2.800
High $2.900
Low $2.770
Last Close $2.780
Volume 1331544
Price Movement $0.08 ( 2.88% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Hold
23 May 2016
3

Company Overview

Business Description

Independence Group NL (IGO) is a mineral exploration company focusing on nickel, copper and zinc mining in Australia. IGO has two key mining operations being Long and Jaguar/Bentley in Western Australia. IGO currently focuses on its development Tropicana Gold project as well as Stockman copper-zinc-silver-gold project.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 11.3 2.2 -14.6% 121.4 3.0 1.1% 100.0%
2016 F 11.6 2.6 -92.1% 103.5 3.0 1.1% 0.0%
2015 A 76.8 32.5 10.8% 14.7 11.0 2.3% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
BHP Billiton (BHP) $59,031M -0.2542 -0.8130 0.4142 10.1732 54.4109 38.4760 8.78% 2.27% 2.14%
Independence Group (IGO) $1,365M 0.6415 -0.9122 -0.2526 8.2230 93.6842 125.3521 3.18% 0.00% 1.12%
Iluka Resources (ILU) $2,449M -0.1016 1.1858 1.0900 45.6674 20.8929 9.9966 4.27% 4.27% 5.98%
Rio Tinto (RIO) $18,749M -0.3302 -0.4887 -0.2175 10.6611 20.8500 26.6458 6.66% 3.30% 2.17%
South32 (S32) $8,332M 0.0000 0.0000 91.5000 0.0000 2,608.3333 28.1982 0.00% 0.42% 2.09%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 2.72 48.90 0.98 0.00
Market 0.99 16.40 1.30 1.69
Sector 0.98 15.40 1.03 0.75

Directors

Name Position Start Date
Mr Peter John Luckhurst Bradford Chief Executive Officer, Managing Director 17 Mar 2014
Mr Peter Ross Bilbe Non-Executive Chairman 31 Mar 2009
Mr Keith William Spence Non-Executive Director 17 Dec 2014
Mr Geoffrey Clifford Non-Executive Director 10 Dec 2012
Mr Peter Buck Non-Executive Director 3 Oct 2014
Mr Neil Fredrick Warburton Non-Executive Director 12 Oct 2015
Dr Mark Anthony Bennett Non-Executive Director 12 Oct 2015

Management

Name Position
Scott Steinkrug Chief Financial Officer,Joint Company Secretary
Joanne McDonald Company Secretary
Matt Dusci General Manager, New Business
Brett Hartmann General Manager, Operations
Sam Retallack Human Resources Manager
Keith Ashby Sustainability Manager

Substantial Shareholders

Holding Name
96,552,917 (18.88%) Mark Gareth Creasy

Calendar of Events

Date Event
27 April 2017 Report (Quarterly)
15 February 2017 Report (Interim)
26 January 2017 Report (Quarterly)
27 October 2016 Report (Annual)
27 October 2016 Report (Quarterly)
22 August 2016 Report (Prelim)
27 July 2016 Report (Quarterly)
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