$0.22

Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation
Business risk 0
Share price risk 0

General Information

Mount Gibson Iron Limited
MGX
http://www.mtgibsoniron.com.au
Steel
240
1,091

Current Price Data+

Current Price $0.220
Open $0.220
High $0.220
Low $0.215
Last Close $0.220
Volume 1280737
Price Movement - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Hold
29 Apr 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% -6.7 0.0 0.0% 0.0%
2016 F -14.1 -1.3 -76.1% -17.1 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) $3,697M 1.2915 0.6163 0.3855 25.8077 15.9674 11.5248 0.93% 1.07% 1.22%
Fortescue Metals (FMG) $10,618M -0.8581 1.4649 -0.3318 25.7748 10.4569 15.6494 1.47% 1.62% 2.06%
Mount Gibson Iron (MGX) $235M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Sims Metal Management (SGM) $1,894M 0.4904 -0.6049 1.6519 18.8958 47.8305 18.0365 3.06% 2.65% 2.95%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.79 0.00
Market 1.02 16.20 1.30 1.51
Sector 1.15 15.70 1.06 0.68

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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