CARABELLA RESOURCES LIMITED (CLR)



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General Information
Company Name: Carabella Resources Limited
Stock Code: CLR
Website: www.carabellaresources.com.au
GICS Sub-Industry: Coal & Consumable Fuels
Market Cap ($M): 46
Equiv. Shares (M): 152

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.290 $ 0.300 $ 0.300 $ 0.290 $ 0.300 174,937 $ -0.010  -3.333 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 7th May 2012
12 Month Target Price (average): $1.55
Brokers Surveyed: 1

Company Overview

Business Description:
Carabella Resources Limited (CLR) is a coal exploration and development company. It holds interests in a portfolio of ten coal exploration tenements covering an exploration area of approximately 4,400 sqkm across Queensland’s coal basins. The current focus is on development of the flagship Grosvenor West project and the Bluff PCI project.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F -5.0 -2.4 -- -- -- 0.0 --
2013  F -4.9 -3.0 -- -- -- 0.0 --
2012  A -6.4 -4.6 -- 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
Aquila Resources (AQA) $914 M -- -- -- 277.5000 -- -- 0.0000 0.0000 0.0000
Carabella Resources (CLR) $45 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Energy Resources (ERA) $551 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Linc Energy (LNC) $779 M -- -- -- -- -- 253.3898 0.0000 0.0000 0.0000
Whitehaven Coal (WHC) $2,338 M -0.3218 -- -- 22.6415 -- 146.1538 0.0132 0.0000 0.0014

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CLR -- -- 0.81 -- --
Market 1.08 13.3 0.91 2.59 2.57
Sector 1.30 15.6 0.79 2.26 5.28

Directors
Name Position Start Date
Mr Andrew R Amer Executive Chairman 14 February 2011
Mr Anthony Quin Managing Director 10 October 2011
Mr Michael Addison Non-Executive Director 28 April 2010
Mr Simon Kidston Non-Executive Director 28 April 2010
Mr Allan Fidock Non-Executive Director 05 February 2013

Management
Name Position
J W G Ebertson Chief Financial Officer
Kylie Anderson Company Secretary
W J Beatty Executive manager - Sustainability and People
B W Robertson Executive manager - Technical Services and Planning

Substantial Shareholders
Holding Name
10,811,385 (7.10%) Wavenet International Limited
9,426,008 (6.20%) Republic Investment Management Pte Ltd
8,906,008 (5.80%) Northcape Capital Pty Ltd

Calendar of Events
Date Event
23 April 2014 Report (Quarterly)
28 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
14 October 2013 Report (Annual)
29 July 2013 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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