Bandanna Energy Limited (BND)

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General Information
Company Name: Bandanna Energy Limited
Stock Code: BND
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 44
Equiv. Shares (M): 528

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.084 $ 0.000 $ 0.000 $ 0.000 $ 0.084 0 0%

Current Broker Consensus Recommendation more
Recommendation: Buy (2)
Recommendation Date: 29th Sep 2014
Brokers Surveyed: 2

Company Overview

Business Description:
Bandanna Energy Limited (BND) is a coal exploration and development company based in Australia. BND currently focuses on its flagship Springsure Creek underground thermal coal project in Queensland.

Strategy Analysis:
Bandanna Energy, is approaching the finalisation of the infrastructure requirements for its Golden Triangle and Dingo West developments to unlock the export potential of these assets. Overall, the company is aiming to fully focus its efforts into developing infrastructure so as to commercialise on its existing position, said to include but are not limited to 1,500 million tonnes of coal. Bandanna Energy reported negative cash flow of $11.07m for the quarter ended 31 December 2012. Operating cash flow for the period was $(10.55m). Payments for exploration and evaluation were $(6.61m). Investing cash flow was $(516,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $90m.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2015  F -2.5 -0.1 -- -- -- 0.0 --
2014  F -8.6 -1.6 -- -- -- 0.0 --
2013  A -5.0 -0.9 -175.0 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
Bandanna Energy (BND) $44 M -- -- -- -- -- -- 0.00 0.00 0.00
Beach Energy (BPT) $1,810 M 0.8455 -0.2898 -0.0703 7.0565 9.9361 10.6870 2.86 2.86 6.22
Oil Search (OSH) $13,550 M 0.5489 1.5111 0.4148 52.1637 20.7732 14.6831 0.50 0.92 2.86
Santos (STO) $13,362 M 0.1518 0.3667 0.4174 26.3736 19.2975 13.6146 2.19 2.92 4.27
Woodside Petroleum (WPL) $33,393 M -0.0512 0.3932 0.0143 17.5363 12.5870 12.4093 6.87 6.31 6.45

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
BND -- -- 0.22 -- 120.0
Market 1.01 15.5 1.25 1.70 1.55
Sector 1.27 11.0 0.85 0.64 5.67

Name Position Start Date
Mr Jeremy Wade Barlow -- 03 October 2008
Mr Terry Mortimer O'Reilly -- 01 January 2013
Mr Gordon Saul -- 01 January 2013
Ms Do hyung Lee Alternate Director 20 January 2014
Mr Michael Gray Chief Executive Officer,Managing Director 05 March 2012
Mr Robert Karlo Johansen Non-Executive Director 03 October 2008
Mr Gil Young Ha Non-Executive Director 20 January 2014
Mr John Harry Pegler Non-Executive Director,Non-Executive Chairman 02 January 2012

Name Position
Stuart Clarke Chief Development Officer
Matthew Scott Chief Financial Officer
Hasaka Martin Company Secretary
Melissa Morrison Head of HR and Corporate

Substantial Shareholders
Holding Name
87,845,788 (16.62%) DJ Mining Pty Ltd
56,383,003 (10.67%) Samtan Aures Pty Ltd
34,111,319 (6.45%) J P Morgan Nominees Australia Limited
62,846,110 (11.89%) Resolve Geo Pty Ltd

Calendar of Events
Date Event
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
30 October 2014 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


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