$0.20

1 Oct 2015
Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation Preview
Business risk 0
Share price risk 0

General Information

Mount Gibson Iron Limited
MGX
http://www.mtgibsoniron.com.au
Steel
213
1,091

Current Price Data+

Current Price $0.195
Open $0.195
High $0.195
Low $0.192
Last Close $0.195
Volume 85399
Price Movement - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Hold
27 May 2016
1

Company Overview

Business Description

Mount Gibson Iron Limited (MGX) is involved in exploration, development and mining of iron ore in Western Australia. The company has three major projects being: Koolan Island and Extension Hill. For FY15, total ore sales were 5.8Mt. The total mineral resources and reserves as of June 2015 stood at 94.93Mt @ 61.2% Fe and 7.06Mt @ 58.4% Fe respectively.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F -35.9 -3.3 154.9% -6.1 0.0 0.0% 0.0%
2016 F -14.1 -1.3 -76.1% -15.5 0.0 0.0% 0.0%
2015 A -59.0 -5.4 -150.1% -7.1 0.0 0.0% 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
BlueScope Steel (BSL) $3,514M 1.2915 0.6155 0.3820 24.5313 15.1852 10.9880 0.98% 1.13% 1.28%
Fortescue Metals (FMG) $9,404M -0.8581 1.5949 0.1905 22.8269 8.7970 7.3893 1.66% 1.75% 2.25%
Mount Gibson Iron (MGX) $218M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Sims Metal Management (SGM) $1,629M 0.4904 -0.6049 1.6922 16.3444 41.3724 15.3673 3.54% 3.07% 3.42%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.70 0.00
Market 0.99 16.50 1.33 1.62
Sector 0.96 15.00 1.02 0.72

Directors

Name Position Start Date
Mr Andrew Charles Ferguson Alternate Director 24 Sep 2012
Mr Hui Seng Lee Non-Executive Chairman 29 Jan 2010
Mr Russel Christopher Barwick Non-Executive Director 16 Nov 2011
Mr Simon S. G. Bird Non-Executive Director 23 Feb 2012
Mr Alan Jones Non-Executive Director 28 Jul 2006
Professor Paul Peter Dougas Non-Executive Director 16 Nov 2011
Mr Li Shaofeng Non-Executive Director 7 Nov 2011

Management

Name Position
Jim Beyer Chief Executive Officer
P Kerr Chief Financial Officer
A Thomson Chief Operating Officer
David Stokes Company Secretary

Substantial Shareholders

Holding Name
290,218,342 (26.61%) COL Capital Limited
279,877,774 (25.66%) APAC Resources Ltd (formerly Shanghai Merchants Holdings Limited)
154,166,874 (14.14%) Shougang Fushan Resources Group Limited, True Plus Limited and its subsidiaries
154,166,874 (14.14%) Shougang Corporation Group/Shougang Concord Group
54,540,256 (5%) Argyle Street Management Limited

Calendar of Events

Date Event
17 April 2017 Report (Quarterly)
15 February 2017 Report (Interim)
18 January 2017 Report (Quarterly)
24 October 2016 Report (Quarterly)
07 October 2016 Report (Annual)
17 August 2016 Report (Prelim)
13 July 2016 Report (Quarterly)
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