$4.00

0.02 (0.50%)

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IGO General Information

Independence Group NL
IGO
http://www.igo.com.au
Diversified Metals & Mining
2,350
590

IGO Current Share Price+

Current Price $4.000
Open $3.990
High $4.080
Low $3.960
Last Close $3.980
Volume 1601173
Price Movement $0.02 ( 0.50% )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

IGO Company Overview

Business Description

Independence Group NL (IGO) is a mineral exploration company focusing on nickel, copper and zinc mining in Australia. The Company's focus is on Nova nickel-copper-cobalt operation, its 30% interest in the Tropicana Gold Mine, a Joint Venture with AngloGold Ashanti, and its portfolio of beltscale exploration projects in Western Australia and the Northern Territory.

IGO Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 131.08 22.13 -0.20% 17.98 15.00 3.77% 100.0%
2019 F 131.34 22.17 147.90% 17.95 10.00 2.51% 100.0%
2018 A 52.69 8.94 24.60% 48.71 3.00 0.69% 100.0%

IGO Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
BHP Billiton (BHP) $104,059M 0.4448 -0.0026 -0.0628 12.9818 13.0162 13.8877 4.93% 6.00% 4.48%
Independence Group (IGO) $2,291M 1.3573 2.8237 0.1435 45.5934 11.9238 10.4273 0.77% 2.45% 2.92%
Iluka Resources (ILU) $3,151M 0.0000 2.1987 0.3326 35.8826 11.2180 8.4180 4.16% 2.59% 3.69%
Rio Tinto (RIO) $27,682M 0.6114 0.0972 -0.1321 11.8740 10.8218 12.4697 4.99% 5.36% 5.03%
South32 (S32) $16,666M 0.2485 0.1007 -0.0859 8.8101 8.0039 8.7560 4.33% 7.48% 6.13%

IGO Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.46 20.70 1.31 0.20
Market 0.90 15.80 1.43 1.57
Sector 1.19 12.90 1.36 0.56

IGO Directors

Name Position Start Date
Mr Peter John Luckhurst Bradford Chief Executive Officer, Managing Director 17 Mar 2014
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
Ms Debra Bakker Non-Executive Director 14 Dec 2016
Mr Peter Ross Bilbe Non-Executive Director, Non-Executive Chairman 31 Mar 2009

IGO Management

Name Position
Scott Steinkrug Chief Financial Officer,Joint Company Secretary
Matt Dusci Chief Operating Officer
Joanne McDonald Company Secretary
Ian Sandl General Manager Exploration
Andrew Eddowes Head of Corporate Development
Sam Retallack Head of People & Culture
Keith Ashby Head of SHEQ & Risk

IGO Substantial Shareholders

Holding Name
95,562,917 (16.19%) Mark Gareth Creasy
50,715,214 (8.59%) FIL Limited and the entities
48,341,790 (8.19%) T. Rowe Price Associates, Inc.
35,735,668 (6.05%) Commonwealth Bank of Australia and its related bodies corporate
30,311,742 (5.13%) Ausbil Investment Management Limited

IGO Calendar of Events

Date Event
28 October 2019 Report (Quarterly)
28 August 2019 Report (Annual)
28 August 2019 Report (Prelim)
26 July 2019 Report (Quarterly)
29 April 2019 Report (Quarterly)
19 February 2019 Report (Interim)
30 January 2019 Report (Quarterly)

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