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CHESSER RESOURCES LIMITED (CHZ)


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General Information
Company Name: Chesser Resources Limited
Stock Code: CHZ
Website: www.chesserresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 21
Equiv. Shares (M): 153

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.130 $ 0.130 $ 0.130 $ 0.130 $ 0.135 1,000 $ -0.005  -3.704 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 26th Mar 2013
12 Month Target Price (average): $0.525
Brokers Surveyed: 2

Company Overview

Business Description:
Chesser Resources Limited (CHZ) is an exploration company focusing on gold and base metals exploration in Turkey. CHZ’s primary focus is exploration program on Kestanelik Epithermal Gold Project.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -2.8 -2.2 -- 0.0 0.0 0.0 --
2011  A -1.4 -1.3 -- 0.0 0.0 0.0 --
2010  A -1.5 -2.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
BHP Billiton (BHP) $104,990 M -0.1359 -0.2624 0.1727 10.3794 14.0717 11.9990 0.0336 0.0342 0.0366
Chesser Resources (CHZ) $17 M -- -- -- -- -- -- 0.0000 -- --
Iluka Resources (ILU) $4,279 M -0.2536 -0.7035 2.1615 11.3266 38.2056 12.0847 0.0342 0.0231 0.0290
Rio Tinto (RIO) $23,335 M -0.3874 0.0604 0.1054 11.0609 10.4309 9.4363 0.0300 0.0331 0.0366
Sims Metal Management (SGM) $1,839 M -0.6378 -0.2361 1.9362 26.7300 34.9922 11.9174 0.0222 0.0120 0.0410

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CHZ -- -- 0.80 -- 168.8
Market 0.94 12.5 0.82 1.96 2.44
Sector 0.54 8.13 0.58 2.01 6.08

Directors
Name Position Start Date
Mr Robert Gordon Reynolds -- 31 October 2012
Mr Peter Robert Lester -- 31 October 2012
Mr Richard Karel Valenta Managing Director 01 July 2007
Mr Simon J.R. Taylor Non-Executive Director 29 March 2007
Mr Simon Thomas O'Loughlin Non-Executive Director 02 March 2006
Mr Morrice Cordiner Non-Executive Director 27 June 2012

Management
Name Position
Kerry Angel Chief Financial Officer,Company Secretary

Substantial Shareholders
Holding Name
11,940,300 (7.81%) Macquarie Group Limited and controlled bodies corporate
11,836,674 (7.74%) Eley Griffiths Group Pty Ltd
6,318,426 (4.13%) Baker Steel Capital Managers LLP

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
31 October 2013 Report (Quarterly)
30 October 2013 Report (Quarterly)
18 October 2013 Report (Annual)
30 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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