$2.06

0.02 (0.98%)

12 Jan 2015
Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation Preview
Business risk Med-High
Share price risk Med-High

General Information

Western Areas Limited
WSA
http://www.westernareas.com.au
Diversified Metals & Mining
558
271

Current Price Data+

Current Price $2.060
Open $2.070
High $2.090
Low $2.010
Last Close $2.040
Volume 1453975
Price Movement $0.02 ( 0.98% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Sell
26 May 2016
4

Company Overview

Business Description

Western Areas Limited (WSA, formerly Western Areas NL) is an Australian-based nickel sulphide explorer and producer. The core asset is the 100% owned Forrestania Nickel Operation which comprises two operating mines, producing approx 25,000tpa nickel in ore. WSA also has interest in projects overseas through investments in Mustang Minerals (Canada) and FinnAust Mining (Finland), and 100% interest in Bioheap Ltd, a patented bacterial leaching technology.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 6.8 2.5 -131.7% 81.9 0.0 0.0% 0.0%
2016 F -19.2 -7.9 -152.8% -26.0 0.0 0.0% 0.0%
2015 A 35.0 14.9 22.7% 28.0 7.0 1.7% 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) $62,339M -0.2542 -0.8090 0.5142 10.7433 56.2609 37.1554 8.32% 2.18% 2.14%
Iluka Resources (ILU) $2,696M -0.1016 1.1858 1.0900 50.2732 23.0000 11.0048 3.88% 3.88% 5.43%
Rio Tinto (RIO) $19,292M -0.3302 -0.4841 -0.2232 10.9699 21.2633 27.3729 6.47% 3.23% 2.11%
South32 (S32) $8,651M 0.0000 0.0000 91.5000 0.0000 2,708.3333 29.2793 0.00% 0.40% 2.01%
Western Areas (WSA) $553M -0.0779 0.0000 0.0000 13.6821 0.0000 272.0000 3.43% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 3.00 0.00 1.22 0.00
Market 1.02 16.50 1.32 1.64
Sector 1.00 15.70 1.04 0.77

Directors

Name Position Start Date
Mr David Clifford Southam Finance Director 15 Nov 2010
Mr Daniel Richard Lougher Managing Director 19 May 2008
Mr Julian Philip Hanna Non-Executive Director 24 Dec 1999
Mr Craig Leslie Readhead Non-Executive Director 26 Jun 2014
Mr Timothy Carl Netscher Non-Executive Director 1 Aug 2014
Mr Richard James Yeates Non-Executive Director 1 Oct 2009
Mr Ian Alexander Macliver Non-Executive Director, Non-Executive Chairman 1 Oct 2011

Management

Name Position
Joe Belladonna Chief Financial Officer,Company Secretary
G Marshall General Manager Commercial
C Wilkinson General Manager Exploration
W Jones General Manager Operations

Substantial Shareholders

Holding Name
16,789,858 (7.20%) Jungle Creek Gold Mines Pty Ltd
13,781,714 (5.90%) Schroder Investment Management Australia Limited
13,823,222 (5.90%) JCP Investment Partners Ltd

Calendar of Events

Date Event
21 April 2017 Report (Quarterly)
23 February 2017 Report (Interim)
25 January 2017 Report (Quarterly)
24 October 2016 Report (Quarterly)
21 October 2016 Report (Annual)
18 August 2016 Report (Prelim)
19 July 2016 Report (Quarterly)
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