$0.515

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MGX General Information

Mount Gibson Iron Limited
MGX
http://www.mtgibsoniron.com.au
Steel
581
1,128

MGX Current Share Price+

Current Price $0.515
Open $0.520
High $0.525
Low $0.515
Last Close $0.515
Volume 162693
Price Movement - ( No change )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

MGX 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 and Tallering Peak. The total mineral resources and reserves as of June 2017 87.9 million tonnes of iron ore at an average grade of 61.4% Fe (30 June 2016: 89.5Mt @ 61.4% Fe), while Ore Reserves have increased to 12.8Mt at 66.0% Fe (30 June 2016: 1.2Mt @ 58.0% Fe).

MGX Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 99.10 9.10 289.70% 4.60 3.00 7.20% 100.0%
2017 A 25.60 2.30 -72.60% 14.70 2.00 5.80% 100.0%
2016 A 92.68 8.50 0.00% 2.30 0.00 0.00% 0.0%

MGX Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2016 A 2017 A 2018 A 2016 A 2017 A 2018 A 2016 A 2017 A 2018 A
BlueScope Steel (BSL) $6,155M 0.3370 0.2742 -0.1966 7.8493 6.1603 7.6676 1.22% 2.53% 2.15%
Fortescue Metals (FMG) $12,852M -0.5635 0.1765 -0.0465 10.8627 9.2332 9.6835 5.72% 6.41% 6.38%
Mount Gibson Iron (MGX) $575M 2.8970 0.0000 0.0000 5.6167 0.0000 0.0000 5.88% 0.00% 0.00%
Sims Metal Management (SGM) $2,101M -0.0144 -0.0081 0.0010 10.2055 10.2888 10.2786 5.13% 4.90% 4.93%

MGX Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 5.67 1.14 0.00
Market 0.91 15.60 1.44 1.54
Sector 1.16 12.50 1.36 0.52

MGX Directors

Name Position Start Date
Mr Andrew Charles Ferguson Alternate Director 24 Sep 2012
Mr Russell 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
Mr Hui Seng Lee Non-Executive Director, Non-Executive Chairman 29 Jan 2010

MGX Management

Name Position
Peter Kerr Chief Executive Officer
David Stokes Company Secretary

MGX Substantial Shareholders

Holding Name
353,043,237 (32.10%) APAC Resources Ltd (formerly Shanghai Merchants Holdings Limited)
353,043,237 (32.10%) Allied Properties Investments (1) Company Limited and its related bodies corporate
154,166,874 (14.02%) Shougang Corporation Group/Shougang Concord Group
154,166,874 (14.02%) Shougang Fushan Resources Group Limited, True Plus Limited and its subsidiaries
55,672,393 (5.06%) Spheria Asset Management Pty Limited
55,583,831 (5.05%) Pinnacle Investment Management Group Limited

MGX Calendar of Events

Date Event
23 October 2019 Report (Quarterly)
11 October 2019 Report (Annual)
14 August 2019 Report (Prelim)
19 July 2019 Report (Quarterly)
11 April 2019 Report (Quarterly)
12 February 2019 Report (Interim)
16 January 2019 Report (Quarterly)

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