ABM Resources NL (ABU)

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General Information
Company Name: ABM Resources NL
Stock Code: ABU
Website: www.abmresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 79
Equiv. Shares (M): 343

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.230 $ 0.235 $ 0.235 $ 0.230 $ 0.230 246,125 0%

Current Broker Consensus Recommendation more
Recommendation: Strong Buy (1)
Recommendation Date: 2nd Dec 2014
Brokers Surveyed: 1

Company Overview

Business Description:
ABM Resources NL (ABU) is a mineral exploration company developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. Currently, ABU has 96 granted licenses, 35 exploration license applications and 1 mineral lease application. ABU’s flagship project is the Twin Bonanza Gold Camp Project.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -8.1 -53.5 -- 0.0 0.0 0.0 --
2013  A -15.1 -6.9 -- 0.0 0.0 0.0 --
2012  A -11.8 -6.2 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
ABM Resources (ABU) $81 M -- -- -- -- -- -- 0.00 -- --
Newcrest Mining (NCM) $10,555 M -0.0429 0.0206 0.1825 24.4322 23.9395 20.2440 0.00 0.00 0.00
Northern Star Resources (NST) $1,493 M 0.2151 2.2157 0.5607 31.4214 9.7712 6.2609 1.39 2.38 4.03
OceanaGold (OGC) $792 M -- -0.4488 -0.0380 5.9467 10.7896 11.2162 1.87 0.98 0.98
OZ Minerals (OZL) $1,211 M -- -0.1408 1.4041 29.1028 33.8710 14.0890 2.51 0.65 0.65

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ABU -- -- 0.12 -- 0.73
Market 0.95 14.2 1.01 1.19 2.82
Sector 0.59 12.9 0.68 2.15 2.30

Name Position Start Date
Mr Darren John Holden Managing Director 23 November 2009
Dr Michael (Mike) Anthony Etheridge Non-Executive Chairman 23 November 2009
Mr Graeme John Sloan Non-Executive Director 30 November 2010
Dr Helen Margaret Garnett Non-Executive Director 13 October 2014
Mr Richard Leonard Procter Non-Executive Director 13 October 2014
Mr Andrew Ferguson Non-Executive Director 09 July 2012

Name Position
Jutta Zimmermann Chief Finance Officer,Company Secretary
Mr B Valiukas Contract COO

Substantial Shareholders
Holding Name
54,444,445 (19.92%) Pacific Road Capital Management Pty Ltd
43,194,067 (15.77%) APAC Resources Capital Limited and APAC Resources Limited
43,199,067 (15.77%) COL Capital Limited

Calendar of Events
Date Event
22 January 2016 Report (Quarterly)
29 October 2015 Report (Quarterly)
18 August 2015 Report (Annual)
16 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


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